IT SMART CONTRACTS
ActiveSummary
The computed 12-month bankruptcy probability of IT SMART CONTRACTS is 2.2% (moderate). The 2025 annual accounts show negative equity (€-36k) and a net result of €-18k. Equity is shrinking by ~110.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 17043 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
19
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.17 in 2024; short-term debt: 653% and cash: 8.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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
Sector 62
lower
← 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
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
-582%
Return on assets
-295.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-36k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
11 d early
2024
6 d early
2023
1 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-36k▼ 103%
2024 · €-18k
2023: €3k
2024: €-18k
2023 → 2025
Total assets
€6k▼ 32.7%
2024 · €9k
2023: €33k
2024: €9k
2023 → 2025
Net result
€-18k▲ 13.1%
2024 · €-21k
2023: €1k
2024: €-21k
2023 → 2025
Working capital
€-37k▼ 65.8%
2024 · €-22k
2023: €-2k
2024: €-22k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3k-€-18k€-36k▼ 103%
Operating result€3k-€-19k€-17k▲ 11.4%
Net result€1k-€-21k€-18k▲ 13.1%
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 €17k in 2025 against €19k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6k
Fixed assets
€3k ▼ 36.7%
Current assets
€3k ▼ 28.6%
Key figures and ratios
EBITDA
€-16k▲
2024 · €-18k
Cash flow
€-17k▲
2024 · €-19k
Solvency
-582.0%▼
2024 · -192.8%
Current ratio
0.08▼
2024 · 0.17
Debt to equity
-1.17▲
2024 · -1.52
ROA
-295.3%▼
2024 · -228.6%
Interest coverage
-14.46▼
2024 · -12.01
Debt
€42k▲
2024 · €27k
Debt ≤ 1 year
€40k▲
2024 · €27k
Staff costs
€11k▼
2024 · €30k
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 · 35 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9k€6k▼
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€5k€3k▼
Amounts receivable within one year40/41€840€3k▲
Trade receivables40€836€3k▲
Other amounts receivable41€4-
Cash at bank and in hand54/58€4k€511▼
Equity and liabilities
Total equity and liabilities10/49€9k€6k▼
Equity10/15€-18k€-36k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-20k€-38k▼
Amounts payable17/49€27k€42k▲
Amounts payable within one year42/48€27k€40k▲
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€4k€6k▲
Remuneration and social security454/9€5k€1k▼
Other amounts payable47/48€15k€31k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€30k€11k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€2k€469▼
Gross operating margin9900€14k€-4k▼
Operating profit (loss)9901€-19k€-17k▲
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-21k€-18k▲
Income taxes67/77€128-
Profit (loss) for the period9904€-21k€-18k▲
Profit (loss) for the period to be appropriated9905€-21k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-38k▼
Profit (loss) brought forward from the previous period14P€1k€-20k▼
The notes to these accounts (4 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-21k ▼1724%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2023
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.
Louizalaan 287/121050 ElseneGround area
3,917 m²
Building footprint
3,329 m²
Volume, LiDAR
67,812 m³
2 parcels, Brussels · tallest building 45.7 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
EASTWAVE SRL
since 20232.348.068.013
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 21005A0423/00T007 | Brussels | 533 m² | 1 · 550 m² | 45.6 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
NOVALPA
BE 0732.590.223
Chaudfontaine · Eq €3,300
DOTTI CONSEILS
BE 0735.894.062
Mouscron · Eq €3,300
CFAV CONSEIL
BE 0764.546.377
Ittre · Eq €3,309
Hans Peeters
BE 0682.735.092
Hove · Eq €3,310
VERMEIREN INNOVATION CONSULTING
BE 0746.567.032
Duffel · Eq €3,311
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 4,568 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
70200Business and other management consultancy
82100Office administrative and support services
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.