A-SMART
Annual accounts 2025
micro format, filed on 10-03-2026, 143 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €92,000. Estimated: probably between €57,000 and €120,000.
Balance sheet
balance sheet total €44,689 on 31-12-2025in euro
in euro
Position in the sector
92.0%
Higher than 92% of 9,696 companies in 2025.
9.81
Higher than 90% of 9,314 companies in 2025.
36.3%
Higher than 80% of 9,438 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
44,689 | 47,204 | 51,084 | 53,870 | |
21/28 |
9,443 | 20,980 | 33,388 | 46,312 | |
22/27 |
9,443 | 20,980 | 33,388 | 46,312 | |
23 |
- | 0 | 286 | 662 | |
24 |
9,443 | 20,980 | 33,103 | 45,649 | |
29/58 |
35,246 | 26,224 | 17,696 | 7,558 | |
3 |
113 | 113 | 316 | - | |
30/36 |
113 | 113 | 316 | - | |
40/41 |
5,168 | 7,719 | 5,032 | 2,956 | |
40 |
4,261 | 6,821 | 4,638 | 2,956 | |
41 |
907 | 898 | 394 | - | |
54/58 |
27,014 | 17,474 | 11,576 | 3,614 | |
490/1 |
2,952 | 918 | 772 | 988 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
44,689 | 47,204 | 51,084 | 53,870 | |
10/15 |
41,097 | 24,857 | 20,341 | 20,130 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
13 |
36,097 | 19,857 | 15,341 | 15,130 | |
133 |
36,097 | 19,857 | 15,341 | 15,130 | |
17/49 |
3,592 | 22,348 | 30,743 | 33,740 | |
17 |
0 | 20,000 | 20,000 | 23,000 | |
170/4 |
0 | 20,000 | 20,000 | 23,000 | |
42/48 |
3,592 | 1,997 | 10,340 | 9,690 | |
43 |
416 | - | - | - | |
430/8 |
416 | - | - | - | |
44 |
1,035 | 960 | 951 | 1,103 | |
440/4 |
1,035 | 960 | 951 | 1,103 | |
45 |
1,028 | 613 | 7,054 | 8,068 | |
450/3 |
1,028 | 613 | 7,054 | 8,068 | |
47/48 |
1,114 | 424 | 2,335 | 520 | |
492/3 |
0 | 351 | 403 | 1,049 | |
| Income statement | |||||
9900 |
35,583 | 20,312 | 14,922 | 39,062 | |
630 |
11,537 | 12,408 | 12,924 | 15,533 | |
640/8 |
816 | 621 | 580 | 602 | |
9901 |
23,230 | 7,283 | 1,419 | 22,926 | |
75/76B |
114 | - | 0 | 33 | |
75 |
114 | - | 0 | 33 | |
65/66B |
547 | 669 | 603 | 1,536 | |
65 |
547 | 669 | 603 | 1,536 | |
9903 |
22,796 | 6,615 | 816 | 21,423 | |
67/77 |
6,556 | 2,099 | 605 | 6,293 | |
9904 |
16,240 | 4,516 | 211 | 15,130 | |
9905 |
16,240 | 4,516 | 211 | 15,130 | |
| Appropriation of the result | |||||
9906 |
16,240 | 4,516 | 211 | 15,130 | |
691/2 |
16,240 | 4,516 | 211 | 15,130 | |
6921 |
16,240 | 4,516 | 211 | 15,130 | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 34,767 | 19,691 | 14,342 | 38,459 | ||
| 27,778 | 16,923 | 13,134 | 30,663 | ||
| 0 | 0 | 0 | 61,845 | ||
| 9,540 | 5,898 | 7,962 | - | ||
| 31,654 | 24,227 | 7,355 | -2,132 | ||
| 92.0% | 52.7% | 39.8% | 37.4% | ||
| 9.81 | 13.13 | 1.71 | 0.78 | ||
| 9.78 | 13.08 | 1.68 | 0.78 | ||
| 0.09 | 0.90 | 1.51 | 1.68 | ||
| 39.5% | 18.2% | 1.0% | 75.2% | ||
| 36.3% | 9.6% | 0.4% | 28.1% | ||
| 63.52 | 29.44 | 23.78 | 25.04 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €61,845 |
| €11,537 | €12,408 | €12,924 | €15,533 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on A-SMART
The operating result for 2025 is 3.2 times that of 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 47.3% to 8.0%. Equity is higher and debt is lower.