Energy Smart Modules
ActiveSummary
Energy Smart Modules has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163k and a net result of €2k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 57% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency91▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.36 against 2.32 in 2024; short-term debt: 34% and cash: 16.8% of total assets), and 34% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
66%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 4 filingsDeviation from the deadline
2025
27 d late
2024
28 d late
2023
19 d late
2022
30 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€163k▲ 1.0%
2024 · €162k
2022: €155klowest in 4 years
2023: €159k▲ +2.1% vs 2022
2024: €162k▲ +2.0% vs 2023
2025: €163k▲ +1.0% vs 2024highest in 4 years
2022 → 2025
Total assets
€248k▼ 2.0%
2024 · €253k
2022: €281khighest in 4 years
2023: €237k▼ -15.7% vs 2022lowest in 4 years
2024: €253k▲ +6.7% vs 2023
2025: €248k▼ -2.0% vs 2024
2022 → 2025
Net result
€2k▼ 46.1%
2024 · €3k
2022: €148khighest in 4 years
2023: €3k▼ -97.8% vs 2022
2024: €3k▼ -6.2% vs 2023
2025: €2k▼ -46.1% vs 2024lowest in 4 years
2022 → 2025
Working capital
€114k▼ 5.3%
2024 · €121k
2022: €149khighest in 4 years
2023: €114k▼ -23.3% vs 2022
2024: €121k▲ +5.5% vs 2023
2025: €114k▼ -5.3% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€155k-€159k▲ 2.1%€162k▲ 2.0%€163k▲ 1.0%
2022: €155klowest in 4 years
2023: €159k▲ +2.1% vs 2022
2024: €162k▲ +2.0% vs 2023
2025: €163k▲ +1.0% vs 2024highest in 4 years
Operating result€192k-€5k▼ 97.2%€5k▼ 6.4%€3k▼ 36.2%
2022: €192khighest in 4 years
2023: €5k▼ -97.2% vs 2022
2024: €5k▼ -6.4% vs 2023
2025: €3k▼ -36.2% vs 2024lowest in 4 years
Net result€148k-€3k▼ 97.8%€3k▼ 6.2%€2k▼ 46.1%
2022: €148khighest in 4 years
2023: €3k▼ -97.8% vs 2022
2024: €3k▼ -6.2% vs 2023
2025: €2k▼ -46.1% vs 2024lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 36% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €248k
Fixed assets
€49k ▲ 19.5%
Current assets
€198k ▼ 6.2%
Equity and liabilities €248k
Equity
€163k ▲ 1.0%
Debt
€84k ▼ 7.5%
Debt's share of the balance-sheet total falls from 36.0% to 34.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €18k
Cash flow
€20k▲
2024 · €16k
Current ratio
2.36▲
2024 · 2.32
Quick ratio
1.51▲
2024 · 1.49
Debt to equity
0.52▼
2024 · 0.56
ROE
1.0%▼
2024 · 1.9%
ROA
0.7%▼
2024 · 1.2%
Interest coverage
67.42▼
2024 · 72.14
Debt ≤ 1 year
€84k▼
2024 · €91k
Income taxes
€1k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€253k€248k▼
Fixed assets21/28€41k€49k▲
Intangible fixed assets21€38k€44k▲
Tangible fixed assets22/27€4k€5k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€4k€3k▼
Current assets29/58€212k€198k▼
Stocks and contracts in progress3€76k€71k▼
Stocks30/36€76k€71k▼
Amounts receivable within one year40/41€61k€85k▲
Trade receivables40€61k€81k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€73k€42k▼
Deferred charges and accrued income490/1€1k€483▼
Equity and liabilities
Total equity and liabilities10/49€253k€248k▼
Equity10/15€162k€163k▲
Contributions10/11€7k€7k=
Profit (loss) carried forward14€155k€156k▲
Amounts payable17/49€91k€84k▼
Amounts payable within one year42/48€91k€84k▼
Trade debts44€12k€6k▼
Suppliers440/4€12k€6k▼
Taxes, remuneration and social security45€14k€11k▼
Taxes450/3€11k€4k▼
Remuneration and social security454/9€3k€7k▲
Other amounts payable47/48€66k€68k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€18k▲
Other operating charges640/8€791€350▼
Gross operating margin9900€19k€22k▲
Operating profit (loss)9901€5k€3k▼
Financial income75/76B€131€69▼
Recurring financial income75€131€69▼
Financial charges65/66B€247€321▲
Recurring financial charges65€247€321▲
Profit (loss) for the period before taxes9903€5k€3k▼
Income taxes67/77€2k€1k▼
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€155k€156k▲
Profit (loss) brought forward from the previous period14P€152k€155k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €12k | €13k | €18k | ▲ 44.4% |
| Other operating charges640/8 | €3k | - | €791 | €350 | ▼ 55.7% |
| Gross operating margin9900 | €196k | €17k | €19k | €22k | ▲ 18.0% |
| Operating profit (loss)9901 | €192k | €5k | €5k | €3k | ▼ 36.2% |
| Financial income75/76B | €99 | €140 | €131 | €69 | ▼ 46.9% |
| Recurring financial income75 | €99 | €140 | €131 | €69 | ▼ 46.9% |
| Financial charges65/66B | €58 | €319 | €247 | €321 | ▲ 29.8% |
| Recurring financial charges65 | €58 | €319 | €247 | €321 | ▲ 29.8% |
| Profit (loss) for the period before taxes9903 | €192k | €5k | €5k | €3k | ▼ 39.7% |
| Income taxes67/77 | €44k | €2k | €2k | €1k | ▼ 29.2% |
| Profit (loss) for the period9904 | €148k | €3k | €3k | €2k | ▼ 46.1% |
| Profit (loss) for the period to be appropriated9905 | €148k | €3k | €3k | €2k | ▼ 46.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €281k | €237k | €253k | €248k | ▼ 2.0% |
| Fixed assets21/28 | €6k | €44k | €41k | €49k | ▲ 19.5% |
| Intangible fixed assets21 | - | €40k | €38k | €44k | ▲ 17.5% |
| Tangible fixed assets22/27 | €6k | €4k | €4k | €5k | ▲ 39.6% |
| Plant, machinery and equipment23 | - | - | - | €2k | - |
| Furniture and vehicles24 | €6k | €4k | €4k | €3k | ▼ 16.4% |
| Current assets29/58 | €275k | €193k | €212k | €198k | ▼ 6.2% |
| Stocks and contracts in progress3 | €28k | €71k | €76k | €71k | ▼ 6.6% |
| Stocks30/36 | €28k | €71k | €76k | €71k | ▼ 6.6% |
| Amounts receivable within one year40/41 | €119k | €67k | €61k | €85k | ▲ 39.4% |
| Trade receivables40 | €119k | €62k | €61k | €81k | ▲ 33.3% |
| Other amounts receivable41 | - | €5k | - | €4k | - |
| Cash at bank and in hand54/58 | €127k | €52k | €73k | €42k | ▼ 43.2% |
| Deferred charges and accrued income490/1 | €684 | €2k | €1k | €483 | ▼ 57.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €281k | €237k | €253k | €248k | ▼ 2.0% |
| Equity10/15 | €155k | €159k | €162k | €163k | ▲ 1.0% |
| Contributions10/11 | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €148k | €152k | €155k | €156k | ▲ 1.1% |
| Amounts payable17/49 | €126k | €78k | €91k | €84k | ▼ 7.5% |
| Amounts payable within one year42/48 | €126k | €78k | €91k | €84k | ▼ 7.5% |
| Trade debts44 | €44k | €30k | €12k | €6k | ▼ 50.0% |
| Suppliers440/4 | €44k | €30k | €12k | €6k | ▼ 50.0% |
| Taxes, remuneration and social security45 | €50k | €3k | €14k | €11k | ▼ 20.9% |
| Taxes450/3 | €50k | €2k | €11k | €4k | ▼ 61.7% |
| Remuneration and social security454/9 | - | €1k | €3k | €7k | ▲ 115% |
| Other amounts payable47/48 | €32k | €45k | €66k | €68k | ▲ 2.8% |
| Accrued charges and deferred income492/3 | - | €3 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148k | €3k | €3k | €2k | ▼ 46.1% |
| + Depreciation and write-downs630 | €1k | €12k | €13k | €18k | ▲ 44.4% |
| Operating cash flow (approximation) | €150k | €15k | €16k | €20k | ▲ 26.7% |
| Investment in fixed assets (approximation) | - | €-50k | €-10k | €-26k | ▼ 176% |
| Change in cash | - | €-74k | €21k | €-32k | ▼ 252% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet €2k ▼46.1%
Net result drops to €2k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Waterloo · 1 establishment unit since 2021
Ground area
1,335 m²
Building footprint
156 m²
Volume, LiDAR
1,257 m³
Parcel 25764Q0037/00A000, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Energy Smart Modules
since 20212.324.806.819
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0037/00A000 | Wallonia | 1,335 m² | 1 · 156 m² | 11.2 m · 3 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,246 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
Founded19-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.