Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 40.1 to 0.
Financials
Financial year 2025
SMASH IMMO from Liège, company number BE0844154673, closed financial year 2025 with a result of € 38,234 after tax. For that financial year SMASH IMMO recorded a gross margin of € 177,443 and equity of € 171,593. Compared with financial year 2024, the result moved from € 306,401 to € 38,234. The company is profitable. The buffer shrank hard: equity is 83 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 171,593
▼ 83% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,234
▼ 88% vs 2024
Profit after tax over the fiscal year.
€ 46,036
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 47,106 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
▼ 37.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 50
▼ € 1.7 million vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 1.2 million
▼ 66% vs 2024
€ 82,980 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 3,063
▼ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,970
▼ 98% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,283,200 | € 2,609,351 | € 3,026,249 | € 177,443 | ▼ 94% |
| Profit after taxes | € 212,647 | € 220,741 | € 306,401 | € 38,234 | ▼ 88% |
| Equity | € 901,982 | € 1,144,140 | € 1,034,469 | € 171,593 | ▼ 83% |
| Total debts | € 4,704,815 | € 4,871,167 | € 4,839,303 | € 1,225,113 | ▼ 75% |
| Cash | € 835,916 | € 602,366 | € 1,075,315 | € 46,036 | ▼ 96% |
| Land & buildings | € 1,365,775 | € 1,312,633 | € 1,330,346 | € 1,207,609 | ▼ 9% |
| Retained profit | € 737,480 | € 786,361 | € 716,048 | € 124,309 | ▼ 83% |
| Dividend | € 0 | € 171,860 | € 376,714 | € 47,106 | ▼ 87% |
| Bank debt | € 3,839,769 | € 3,879,259 | € 3,408,119 | € 1,169,688 | ▼ 66% |
| Balance sheet total | € 5,607,307 | € 6,015,616 | € 5,873,772 | € 1,396,705 | ▼ 76% |
| Employees (FTE) | 68.5 | 40.1 | 37.9 | 0 | ▼ 37.9 |
Key figures of SMASH IMMO, 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 SMASH IMMO?
What happened at SMASH IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 38,234 (▼ 88% vs 2024). Source: NBB ↗
- New establishment in Liège. KBO
- Renaud Pirotte became a director. NBB
- François Dethier became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 212,647 profit in 2022 to € 38,234 profit in 2025.
Paid € 182,120 in corporate taxes since 2022.
Best year ever: 2024, with € 306,401 profit.
On average € 79,800 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind SMASH IMMO are Renaud Pirotte and François Dethier. The same people are also behind ATELIER C, TAPROOM C and BRASSERIE C.
Directors
According to the 2025 annual accounts
since 2012
since 2012
Establishments
Establishment units
Physical locations of this company
Impasse des Ursulines 14
4000 Liège
Impasse des Ursulines 14/24
4000 Liège
Active since 1 April 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0844.154.673
- VAT number
- BE 0844.154.673
- Registered office
- Impasse des Ursulines 14, 4000 Liège
- Names & denominations
- SMASH IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 March 2012
- Peppol
- Active · Active since 1 Jan 2001