A.SMART KITCHEN
ActiveThe annual accounts of A.SMART KITCHEN for fiscal year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €10k and a net result of €-14k. Equity is shrinking by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 31% of 403 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency43▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.99 against 1.2 in 2024; short-term debt: 81.7% and cash: 47.5% of total assets), and 81.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.3%
Return on assets
-27.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-14k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
15 d early
2023
23 d late
2022
81 d late
2021
13 d early
2020
37 d early
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k▼ 59.7%
2024 · €24k
2018: €53k
2019: €48k
2020: €28k
2021: €32k
2022: €43k
2023: €40k
2024: €24k
2018 → 2025
Total assets
€53k▼ 26.5%
2024 · €72k
2018: €84k
2019: €55k
2020: €33k
2021: €55k
2022: €84k
2023: €71k
2024: €72k
2018 → 2025
Net result
€-14k▲ 7.7%
2024 · €-16k
2018: €-4k
2019: €-5k
2020: €-20k
2021: €4k
2022: €11k
2023: €-4k
2024: €-16k
2018 → 2025
Working capital
€-496
2024 · €10k
2018: €45k
2019: €42k
2020: €23k
2021: €24k
2022: €36k
2023: €24k
2024: €10k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€43k▲ 34.4%€40k▼ 8.2%€24k▼ 39.3%€10k▼ 59.7%
Operating result€3k-€10k▲ 193%€-6k€-16k▼ 175%€-15k▲ 7.3%
Net result€4k-€11k▲ 180%€-4k€-16k▼ 338%€-14k▲ 7.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€10k▼ 28.8%
Current assets
€43k▼ 25.9%
Equity and liabilities €53k
Equity
€10k▼ 59.7%
Debt
€43k▼ 9.9%
The debt ratio rises from 66.6% to 81.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-10k▲
2024 · €-11k
Cash flow
€-10k▲
2024 · €-11k
Solvency
18.3%▼
2024 · 33.4%
Current ratio
0.99▼
2024 · 1.20
Quick ratio
0.99▼
2024 · 1.20
Debt / equity
4.46▲
2024 · 1.99
ROE
-147.9%▼
2024 · -64.6%
ROA
-27.1%▼
2024 · -21.6%
Interest coverage
-211.28▲
2024 · -235.61
Debt
€43k▼
2024 · €48k
Debt ≤ 1 year
€43k▼
2024 · €48k
Income taxes
€146▲
2024 · €115
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€72k€53k▼
Fixed assets21/28€14k€10k▼
Tangible fixed assets22/27€14k€10k▼
Land and buildings22€1k€1k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€10k€7k▼
Current assets29/58€58k€43k▼
Amounts receivable within one year40/41€26k€18k▼
Trade receivables40€25k€15k▼
Other amounts receivable41€924€2k▲
Cash at bank and in hand54/58€32k€25k▼
Equity and liabilities
Total equity and liabilities10/49€72k€53k▼
Equity10/15€24k€10k▼
Contributions10/11€6k€6k=
Reserves13€18k€4k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€16k€2k▼
Amounts payable17/49€48k€43k▼
Amounts payable within one year42/48€48k€43k▼
Trade debts44€13k€6k▼
Suppliers440/4€13k€6k▼
Taxes, remuneration and social security45€35k€992▼
Taxes450/3€512€992▲
Remuneration and social security454/9€34k-
Other amounts payable47/48€30€37k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€809€613▼
Gross operating margin9900€-11k€-9k▲
Operating profit (loss)9901€-16k€-15k▲
Financial income75/76B€374€452▲
Recurring financial income75€374€452▲
Financial charges65/66B€49€47▼
Recurring financial charges65€49€47▼
Profit (loss) for the period before taxes9903€-15k€-14k▲
Income taxes67/77€115€146▲
Profit (loss) for the period9904€-16k€-14k▲
Profit (loss) for the period to be appropriated9905€-16k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-14k▲
Transfer from equity791/2€16k€14k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 81 days late
2022
31-12
Financial
Highest result since 2018net €11k ▲180%
Operating result €10k, net result €11k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 6.95
Current ratio from 2.47 to 6.95; short-term debt falls from €31k to €7k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
11-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Truiden · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tramstraat 763800 Sint-TruidenGround area
1,196 m²
Building footprint
149 m²
Volume, LiDAR
842 m³
Parcel 71353F0099/00G002, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tramstraat 76, 3800 Sint-Truiden
since 20032.126.262.566
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71353F0099/00G002 | Flanders | 1,196 m² | 1 · 149 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 619 companies in sector 31002 we hold annual accounts for 349. 108 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded21-01-2003
Fiscal year end31-12
Activities, NACEBEL
31002Manufacture of furniture
36130
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36141
43320Joinery installation
43332Laying of wooden floor and wall coverings
45422
45432
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.