D SMART SOLUTION
ActiveSummary
D SMART SOLUTION has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €315,640 and a net result of €77,923. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 61% of 16666 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+76
Solvency98▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.61 against 2.8 in 2024; short-term debt: 24.7% and cash: 17.3% of total assets), and 26.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.4%
Return on assets
18.1%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €315,640
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-09-2026, 38 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 · 8 filingsDeviation from the deadline
2025
38 d late
2024
27 d late
2023
31 d late
2022
67 d late
2021
73 d late
2020
45 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€315,640▲ 32.8%
2024 · €237,717
Total assets
€430,237▲ 18.1%
2024 · €364,414
Net result
€77,923
2024 · -€10,072
Working capital
€277,321▲ 31.1%
2024 · €211,549
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,789▼ 80.3%-€5,550-€4,039▲ 27.2%-€9,042▼ 124%€99,735
Net result€20,332▼ 77.1%-€1,904-€1,578▲ 17.1%-€10,072▼ 538%€77,923
Equity€251,270▼ 24.1%€249,367▼ 0.8%€247,789▼ 0.6%€237,717▼ 4.1%€315,640▲ 32.8%
Total assets€335,719▼ 13.3%€339,867▲ 1.2%€367,848▲ 8.2%€364,414▼ 0.9%€430,237▲ 18.1%
Debt€84,449▲ 49.7%€90,501▲ 7.2%€120,059▲ 32.7%€126,697▲ 5.5%€114,597▼ 9.6%
Working capital€248,413▼ 24.9%€251,236▲ 1.1%€231,125▼ 8.0%€211,549▼ 8.5%€277,321▲ 31.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €99,735 after a loss of €9,042 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430,237
Fixed assets
€46,643 ▲ 32.7%
Current assets
€383,593 ▲ 16.5%
Equity and liabilities €430,237
Equity
€315,640 ▲ 32.8%
Debt
€114,597 ▼ 9.6%
Debt's share of the balance-sheet total falls from 34.8% to 26.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101,282▲
2024 · -€7,942
Cash flow
€79,470▲
2024 · -€8,972
Current ratio
3.61▲
2024 · 2.80
Debt to equity
0.36▼
2024 · 0.53
ROE
24.7%▲
2024 · -4.2%
ROA
18.1%▲
2024 · -2.8%
Interest coverage
12.06▲
2024 · -0.88
Debt ≤ 1 year
€106,272▼
2024 · €117,712
Income taxes
€21,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €354 | €445 | €445 | €1,100 | €1,547 | ▲ 40.7% |
| Other operating charges640/8 | €449 | €450 | €109 | €1,256 | €3,504 | ▲ 179% |
| Gross operating margin9900 | €20,592 | -€4,656 | -€3,485 | -€6,687 | €104,787 | ▲ 1,667% |
| Operating profit (loss)9901 | €19,789 | -€5,550 | -€4,039 | -€9,042 | €99,735 | ▲ 1,203% |
| Financial income75/76B | €8,000 | €8,000 | €8,000 | €8,022 | €8,022 | = |
| Recurring financial income75 | €8,000 | €8,000 | €8,000 | €8,022 | €8,022 | = |
| Financial charges65/66B | €55 | €4,354 | €5,539 | €9,051 | €8,395 | ▼ 7.2% |
| Recurring financial charges65 | €55 | €4,354 | €5,539 | €9,051 | €8,395 | ▼ 7.2% |
| Profit (loss) for the period before taxes9903 | €27,733 | -€1,904 | -€1,578 | -€10,072 | €99,362 | ▲ 1,087% |
| Income taxes67/77 | €7,401 | - | - | - | €21,439 | - |
| Profit (loss) for the period9904 | €20,332 | -€1,904 | -€1,578 | -€10,072 | €77,923 | ▲ 874% |
| Profit (loss) for the period to be appropriated9905 | €20,332 | -€1,904 | -€1,578 | -€10,072 | €77,923 | ▲ 874% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €335,719 | €339,867 | €367,848 | €364,414 | €430,237 | ▲ 18.1% |
| Fixed assets21/28 | €2,857 | €2,412 | €26,408 | €35,153 | €46,643 | ▲ 32.7% |
| Tangible fixed assets22/27 | €2,857 | €2,412 | €26,408 | €35,153 | €46,643 | ▲ 32.7% |
| Furniture and vehicles24 | €2,857 | €2,412 | €1,967 | €10,712 | €9,283 | ▼ 13.3% |
| Other tangible fixed assets26 | - | - | €24,441 | €24,441 | €37,361 | ▲ 52.9% |
| Current assets29/58 | €332,862 | €337,455 | €341,440 | €329,261 | €383,593 | ▲ 16.5% |
| Amounts receivable after more than one year29 | €22,342 | €105,142 | - | - | - | - |
| Other amounts receivable291 | €22,342 | €105,142 | - | - | - | - |
| Amounts receivable within one year40/41 | €208,820 | €200,254 | €201,731 | €203,032 | €261,280 | ▲ 28.7% |
| Trade receivables40 | €8,820 | €84 | €1,103 | - | €61,280 | - |
| Other amounts receivable41 | €200,000 | €200,170 | €200,628 | €203,032 | €200,000 | ▼ 1.5% |
| Cash at bank and in hand54/58 | €85,700 | €8,060 | €107,709 | €86,207 | €74,269 | ▼ 13.8% |
| Deferred charges and accrued income490/1 | €16,000 | €24,000 | €32,000 | €40,022 | €48,044 | ▲ 20.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €335,719 | €339,867 | €367,848 | €364,414 | €430,237 | ▲ 18.1% |
| Equity10/15 | €251,270 | €249,367 | €247,789 | €237,717 | €315,640 | ▲ 32.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €238,870 | €236,967 | €235,389 | €225,317 | €303,240 | ▲ 34.6% |
| Distributable reserves133 | €238,870 | €236,967 | €235,389 | €225,317 | €303,240 | ▲ 34.6% |
| Amounts payable17/49 | €84,449 | €90,501 | €120,059 | €126,697 | €114,597 | ▼ 9.6% |
| Amounts payable within one year42/48 | €84,449 | €86,220 | €110,315 | €117,712 | €106,272 | ▼ 9.7% |
| Trade debts44 | €23,127 | - | €397 | €76 | €10,236 | ▲ 13,309% |
| Suppliers440/4 | €23,127 | - | €397 | €76 | €10,236 | ▲ 13,309% |
| Taxes, remuneration and social security45 | €15,731 | €7,401 | - | €1,769 | €6,574 | ▲ 272% |
| Taxes450/3 | €15,731 | €7,401 | - | €1,769 | €6,574 | ▲ 272% |
| Other amounts payable47/48 | €45,591 | €78,818 | €109,918 | €115,866 | €89,462 | ▼ 22.8% |
| Accrued charges and deferred income492/3 | - | €4,281 | €9,744 | €8,985 | €8,325 | ▼ 7.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,332 | -€1,904 | -€1,578 | -€10,072 | €77,923 | ▲ 874% |
| + Depreciation and write-downs630 | €354 | €445 | €445 | €1,100 | €1,547 | ▲ 40.7% |
| Operating cash flow (approximation) | €20,686 | -€1,459 | -€1,133 | -€8,972 | €79,470 | ▲ 986% |
| Investment in fixed assets (approximation) | - | €0 | -€24,441 | -€9,845 | -€13,037 | ▼ 32.4% |
| Change in cash | - | -€77,641 | €99,650 | -€21,503 | -€11,937 | ▲ 44.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 38 days late
2025
31-12
Financial
Back to profitnet €77,923
Net result €77,923 after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet -€10,072
Net result drops to -€10,072, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
14-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 45 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200,000Eq €241,964 ▲74.7%
2 profitable years in a row build equity to €241,964.
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Nijlen · 1 establishment unit since 2018
Ground area
982 m²
Building footprint
198 m²
Volume, LiDAR
921 m³
Parcel 12026D0653/00G002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
D SMART SOLUTION
since 20182.275.120.647
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0653/00G002 | Flanders | 981 m² | 1 · 198 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 12,699 companies in sector 86951 we hold annual accounts for 2,143. 1,380 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
70200Business and other management consultancy
71112Activities of interior architects
74130Interior design
96230Day spas, saunas and steam baths
Scores and ratios are computed by Checked and are not a credit decision.