Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMGW HOLDING from Chiny, company number BE0656826194, closed financial year 2025 with a result of € 103,375 after tax. For that financial year SMGW HOLDING recorded a gross margin of € 5,662 and equity of € 428,988. Compared with financial year 2024, the result moved from € 203,149 to € 103,375. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 428,988
▲ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 103,375
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 5,557
▼ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 17,647 paid out
17 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 4,088
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 295,288
▼ 23% vs 2024
€ 88,090 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 230
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,737
▼ 41% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,696 | € 8,782 | € 8,563 | € 5,662 | ▼ 34% |
| Profit after taxes | € 62,874 | € -1,521 | € 203,149 | € 103,375 | ▼ 49% |
| Equity | € 491,632 | € 140,111 | € 343,260 | € 428,988 | ▲ 25% |
| Total debts | € 523,675 | € 787,513 | € 582,005 | € 472,037 | ▼ 19% |
| Cash | € 4,098 | € 927 | € 5,771 | € 5,557 | ▼ 4% |
| Retained profit | € 436,632 | € 85,111 | € 288,260 | € 373,988 | ▲ 30% |
| Dividend | € 0 | € 350,000 | € 0 | € 17,647 | |
| Bank debt | € 492,168 | € 466,776 | € 381,803 | € 295,288 | ▼ 23% |
| Balance sheet total | € 1,015,307 | € 927,624 | € 925,265 | € 901,025 | ▼ 3% |
Key figures of SMGW HOLDING, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SMGW HOLDING?
What happened at SMGW HOLDING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 103,375 (▼ 49% vs 2024). Source: NBB ↗
- New establishment in Chiny. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,874 profit in 2022 to € 103,375 profit in 2025.
Paid € 932 in corporate taxes since 2022.
Best year ever: 2024, with € 203,149 profit.
Paid out € 367,647 in dividends to the owners in total.
Establishments
Establishment units
Physical locations of this company
Route de Florenville,Izel 8
6810 Chiny
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0656.826.194
- VAT number
- BE 0656.826.194
- Registered office
- Route de Florenville,Izel 8, 6810 Chiny
- Names & denominations
- SMGW HOLDING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 2016
- Peppol
- Active · Active since 9 Apr 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Boekhouders en boekhouders-fiscalisten