Equity
Make IT Smart paid out €61,522 in dividends. That is 74% of the 2025 profit.
Make IT Smart paid out €61,522 in dividends. That is 74% of the 2025 profit.
Three of the last ten came late. The 2019 accounts came latest: 12 days after the end of the period.
Higher net result than 94% of companies in retail trade. Sector median €5,052 · 22,922 companies.
In July 2024, 17,811 companies had the same profile as Make IT Smart has now. Each dot stands for 45 companies, two years later.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for Make IT Smart. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| Make IT Smart Leuven | €478,258 | €160,858 | 60.5% | - |
| CAFFEINATED CONSULTING Tremelo | €467,058 | €121,900 | 61.6% | - |
| LS INFORMATION SERVICES Morlanwelz | €440,771 | €165,052 | 70.2% | - |
| E-Line KMO Wetteren | €543,139 | €133,325 | 47.3% | - |
| F&I INVEST Sombreffe | €577,208 | €160,252 | 23.8% | 0 |
| CYBIT Kortrijk | €508,547 | €134,465 | 31.4% | - |
| Verheeken Sint-Gillis-Waas | €451,876 | €127,629 | 65.2% | - |
These companies have the same main activity as Make IT Smart: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €441,000 and €577,000, founded between 2006 and 2010.
Make IT Smart files the micro format. That format states no turnover. The gross margin rose from €31,958 in 2009 to €160,858 in 2025.
The balance sheet grew most from 2010 to 2012 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €950,000. Estimated: probably between €530,000 and €1.5m.
Higher than 73% of 22,939 companies in 2025.
Higher than 24% of 22,068 companies in 2025.
Higher than 81% of 22,218 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
478,258 | 534,307 | 484,209 | 482,431 | 512,234 | 520,529 | 537,753 | 559,478 | 438,850 | 441,222 | 411,009 | 427,360 | 465,663 | 553,153 | 175,792 | 71,770 | 54,219 | |
21/28 |
402,553 | 437,249 | 412,445 | 434,374 | 457,209 | 479,346 | 500,744 | 527,596 | 321,275 | 217,172 | 214,781 | 226,211 | 239,311 | 298,121 | 71,398 | 14,287 | 18,850 | |
22/27 |
402,553 | 437,249 | 412,445 | 434,374 | 457,209 | 479,346 | 500,744 | 527,596 | 321,275 | 217,172 | 214,781 | 226,211 | 239,311 | 298,121 | 71,398 | 14,287 | 18,850 | |
22 |
363,135 | 386,029 | 408,949 | 428,081 | 450,638 | 473,194 | 493,953 | 516,206 | 306,714 | 196,966 | 208,422 | 216,667 | 224,582 | 281,759 | 61,781 | - | - | |
24 |
39,418 | 51,220 | 3,496 | 6,293 | 6,572 | 6,152 | 6,791 | 11,390 | 14,561 | 20,207 | 6,359 | 9,545 | 14,729 | 16,362 | 9,617 | 14,287 | 18,850 | |
29/58 |
75,706 | 97,057 | 71,763 | 48,057 | 55,024 | 41,183 | 37,009 | 31,882 | 117,575 | 224,049 | 196,228 | 201,148 | 226,352 | 255,032 | 104,393 | 57,483 | 35,369 | |
3 |
- | - | - | - | - | - | - | - | - | - | - | 247 | 247 | 708 | 708 | 585 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | 247 | 247 | 708 | 708 | 585 | - | |
40/41 |
17,855 | 15,572 | 34,699 | 11,914 | 12,756 | 9,557 | 31,923 | 20,966 | 38,646 | 15,126 | 41,051 | 54,840 | 96,198 | 225,624 | 54,550 | 1,018 | 10,194 | |
40 |
17,855 | 14,566 | 33,487 | 11,708 | 11,870 | 9,557 | 24,033 | 9,547 | 26,620 | 14,872 | 21,127 | 10,096 | 68,731 | 194,096 | 51,808 | - | 8,301 | |
41 |
- | 1,006 | 1,212 | 206 | 885 | - | 7,890 | 11,419 | 12,025 | 254 | 19,924 | 44,743 | 27,467 | 31,528 | 2,743 | 1,018 | 1,893 | |
50/53 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,331 | - | |
54/58 |
56,588 | 80,294 | 36,475 | 35,598 | 41,759 | 31,131 | 4,205 | 8,046 | 78,929 | 208,923 | 155,177 | 146,061 | 109,597 | 28,700 | 49,135 | 43,549 | 25,175 | |
490/1 |
1,263 | 1,191 | 589 | 546 | 510 | 494 | 881 | 2,870 | - | - | - | - | 20,310 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
478,258 | 534,307 | 484,209 | 482,431 | 512,234 | 520,529 | 537,753 | 559,478 | 438,850 | 441,222 | 411,009 | 427,360 | 465,663 | 553,153 | 175,792 | 71,770 | 54,219 | |
10/15 |
289,109 | 318,021 | 246,972 | 190,462 | 167,477 | 145,790 | 111,522 | 101,871 | 115,131 | 104,192 | 92,817 | 88,549 | 84,403 | 60,948 | 31,830 | 20,967 | 33,084 | |
10/11 |
- | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 18,600 | 18,600 | 18,600 | |
11 |
- | - | - | - | - | 50,000 | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | - | - | 50,000 | - | - | - | - | - | - | - | - | - | - | - | |
13 |
289,109 | 268,021 | 196,972 | 140,462 | 117,477 | 95,790 | 61,522 | 65,131 | 65,131 | 54,192 | 42,817 | 38,549 | 34,403 | 10,948 | 13,230 | 2,367 | 14,484 | |
130/1 |
- | - | - | - | - | 5,000 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 5,000 | 5,000 | 5,463 | 4,916 | 3,778 | 3,565 | 3,358 | 1,860 | 1,860 | 1,639 | 845 | |
1311 |
- | - | - | - | - | 5,000 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
289,109 | 268,021 | 196,972 | 140,462 | 117,477 | 90,790 | 56,522 | 60,131 | 59,668 | 49,276 | 39,039 | 34,984 | 31,045 | 9,088 | 11,370 | 728 | 13,638 | |
14 |
- | - | - | - | - | - | - | -13,261 | - | - | - | - | - | - | - | - | - | |
17/49 |
189,149 | 216,285 | 237,237 | 291,969 | 344,757 | 374,739 | 426,231 | 457,607 | 323,719 | 337,029 | 318,192 | 338,811 | 381,260 | 492,206 | 143,962 | 50,803 | 21,136 | |
17 |
96,250 | 127,571 | 158,031 | 187,657 | 216,475 | 244,512 | 271,791 | 302,338 | 206,817 | 217,233 | 207,718 | 213,541 | 220,620 | 403,642 | 100,000 | 3,333 | 7,574 | |
170/4 |
96,250 | 127,571 | 158,031 | 187,657 | 216,475 | 244,512 | 271,791 | 302,338 | 206,817 | 217,233 | 207,718 | 213,541 | 220,620 | 403,642 | 100,000 | 3,333 | 7,574 | |
42/48 |
91,308 | 87,155 | 77,705 | 102,464 | 128,281 | 130,227 | 154,440 | 152,345 | 108,213 | 115,320 | 104,568 | 119,062 | 156,597 | 88,564 | 43,962 | 47,470 | 13,562 | |
42 |
31,322 | 30,460 | 29,626 | 28,818 | 28,037 | 27,280 | 30,547 | 26,661 | 15,915 | 10,100 | 5,823 | 7,079 | 6,796 | 6,192 | 3,333 | 4,241 | 4,020 | |
43 |
- | - | - | - | - | - | - | - | 68,654 | 81,376 | 92,777 | 84,403 | 60,948 | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | 68,654 | 81,376 | 92,777 | 84,403 | 60,948 | - | - | - | - | |
44 |
1,042 | 30 | 1,005 | 1,938 | 5,189 | 1,719 | 5,772 | 2,000 | 7,595 | 4,019 | 2,106 | 7,288 | 42,617 | 72,205 | 10,127 | 1,166 | 516 | |
440/4 |
1,042 | 30 | 1,005 | 1,938 | 5,189 | 1,719 | 5,772 | 2,000 | 7,595 | 4,019 | 2,106 | 7,288 | 42,617 | 72,205 | 10,127 | 1,166 | 516 | |
45 |
33,762 | 29,478 | 14,630 | 9,605 | 13,320 | 17,820 | 7,885 | 8,177 | 10,197 | 15,597 | 1,912 | 4,369 | 15,991 | 10,167 | 30,502 | 13,700 | 6,607 | |
450/3 |
29,431 | 25,187 | 14,630 | 9,605 | 9,459 | 10,108 | 4,046 | 4,381 | 6,971 | 10,501 | 1,912 | 1,676 | 15,991 | 10,167 | 30,502 | 11,422 | 6,607 | |
454/9 |
4,331 | 4,290 | - | - | 3,861 | 7,712 | 3,839 | 3,796 | 3,226 | 5,096 | - | 2,693 | - | - | - | 2,278 | - | |
47/48 |
25,182 | 27,188 | 32,445 | 62,103 | 81,737 | 83,409 | 110,235 | 115,507 | 5,852 | 4,227 | 1,950 | 15,922 | 30,244 | - | - | 28,363 | 2,418 | |
492/3 |
1,592 | 1,559 | 1,500 | 1,848 | - | - | - | 2,923 | 8,689 | 4,477 | 5,906 | 6,208 | 4,044 | - | - | - | - | |
| Income statement | ||||||||||||||||||
76A |
- | - | - | 21 | - | - | - | - | - | - | - | - | - | 1,503 | - | - | - | |
9900 |
160,858 | 137,266 | 115,483 | 71,425 | 69,727 | 86,006 | 54,160 | 32,737 | 51,691 | 56,957 | 40,176 | 39,314 | 65,909 | 26,514 | 32,451 | 24,475 | 31,958 | |
630 |
34,697 | 28,670 | 25,564 | 25,510 | 25,135 | 24,046 | 27,850 | 27,903 | 20,946 | 20,892 | 16,778 | 16,488 | 9,510 | 18,327 | 8,748 | 5,542 | 6,595 | |
640/8 |
4,189 | 2,514 | 2,416 | 2,177 | 3,288 | 2,634 | 2,278 | 2,177 | 2,206 | 2,318 | 2,635 | 2,297 | 222 | 473 | 297 | 288 | 1,159 | |
66A |
- | - | - | 1,714 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
121,972 | 106,082 | 87,503 | 42,023 | 41,304 | 59,326 | 24,033 | 2,657 | 28,539 | 33,747 | 20,763 | 20,529 | 56,177 | 7,714 | 23,405 | 18,645 | 24,204 | |
75/76B |
- | - | - | 0 | 3 | 1 | - | 0 | - | - | 127 | 103 | 72 | 339 | 809 | 5,070 | 321 | |
75 |
- | - | - | 0 | 3 | 1 | - | 0 | - | - | 127 | 103 | 72 | 339 | 809 | 5,070 | 321 | |
65/66B |
6,955 | 8,031 | 9,500 | 10,243 | 11,629 | 12,676 | 13,717 | 15,807 | 15,130 | 13,636 | 14,679 | 14,803 | 15,091 | 11,768 | 6,909 | 550 | 975 | |
65 |
6,955 | 8,031 | 9,500 | 10,243 | 11,629 | 12,676 | 13,717 | 15,807 | 15,130 | 13,636 | 14,679 | 14,803 | 15,091 | 11,768 | 6,909 | 550 | 975 | |
9903 |
115,017 | 98,051 | 78,003 | 31,780 | 29,677 | 46,651 | 10,316 | -13,150 | 13,409 | 20,111 | 6,211 | 5,830 | 41,158 | -2,213 | 17,305 | 23,164 | 23,550 | |
67/77 |
32,407 | 27,001 | 21,494 | 8,794 | 7,991 | 12,383 | 665 | 110 | 2,471 | 8,736 | 1,944 | 1,684 | 11,203 | 69 | 6,442 | 7,280 | 6,648 | |
9904 |
82,609 | 71,050 | 56,509 | 22,986 | 21,687 | 34,269 | 9,651 | -13,261 | 10,939 | 11,375 | 4,268 | 4,146 | 29,955 | -2,282 | 10,863 | 15,883 | 16,902 | |
9905 |
82,609 | 71,050 | 56,509 | 22,986 | 21,687 | 34,269 | 9,651 | -13,261 | 10,939 | 11,375 | 4,268 | 4,146 | 29,955 | -2,282 | 10,863 | 15,883 | 16,902 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
82,609 | 71,050 | 56,509 | 22,986 | 21,687 | 34,269 | -3,609 | -13,261 | 10,939 | 11,375 | 4,268 | 4,146 | 29,955 | -2,282 | 10,863 | 15,883 | 16,902 | |
791/2 |
61,522 | - | - | - | - | - | 9,088 | 463 | - | - | - | - | - | 2,282 | - | 12,911 | - | |
691/2 |
82,609 | 71,050 | 56,509 | 22,986 | 21,687 | 34,269 | 5,478 | 463 | 10,939 | 11,375 | 4,268 | 4,146 | 23,455 | - | 10,863 | 794 | 14,484 | |
6920 |
- | - | - | - | - | - | - | - | 547 | 1,138 | 213 | 207 | 1,498 | - | 221 | 794 | 845 | |
6921 |
82,609 | 71,050 | 56,509 | 22,986 | 21,687 | 34,269 | 5,478 | 463 | 10,392 | 10,238 | 4,054 | 3,939 | 21,957 | - | 10,642 | - | 13,638 | |
694/7 |
61,522 | - | - | - | - | - | - | - | - | - | - | - | 6,500 | - | - | 28,000 | 2,418 | |
694 |
61,522 | - | - | - | - | - | - | - | - | - | - | - | 6,500 | - | - | 28,000 | 2,418 | |
| Document | ||||||||||||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00382550 | |
| 31-12-2024 | micro format | 18-06-2025 | 2025-00149196 | |
| 31-12-2023 | micro format | 08-08-2024 | 2024-00335355 | |
| 31-12-2022 | micro format | 28-06-2023 | 2023-00195322 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20136671 | |
| 31-12-2020 | micro format | 23-07-2021 | 2021-39000525 | |
| 31-12-2019 | micro format | 12-08-2020 | 2020-41300266 | |
| 31-12-2018 | micro format | 01-08-2019 | 2019-42500109 | |
| 31-12-2017 | abbreviated format | 07-06-2018 | 2018-16800559 | |
| 31-12-2016 | abbreviated format | 29-06-2017 | 2017-24300394 | |
| 31-12-2015 | abbreviated format | 20-06-2016 | 2016-20100008 | |
| 31-12-2014 | abbreviated format | 02-07-2015 | 2015-25700008 | |
| 31-12-2013 | abbreviated format | 22-09-2014 | 2014-59400204 | |
| 31-12-2012 | abbreviated format | 31-08-2013 | 2013-55900502 | |
| 31-12-2011 | abbreviated format | 27-08-2012 | 2012-46000167 | |
| 31-12-2010 | abbreviated format | 23-08-2011 | 2011-43300338 | |
| 31-12-2009 | abbreviated format | 18-08-2010 | 2010-41800527 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 156,669 | 134,751 | 113,067 | 67,534 | 66,439 | 83,372 | 51,883 | 30,560 | 49,485 | 54,639 | 37,542 | 37,017 | 65,688 | 26,041 | 32,153 | 24,187 | 30,799 | ||
| 117,306 | 99,719 | 82,073 | 48,496 | 46,822 | 58,315 | 37,501 | 14,642 | 31,885 | 32,267 | 21,046 | 20,634 | 39,466 | 16,045 | 19,611 | 21,426 | 23,496 | ||
| 0 | 53,474 | 3,635 | 4,769 | 2,998 | 7,153 | 998 | 234,223 | 125,049 | 23,284 | 5,348 | 3,388 | 108,961 | 253,465 | 65,860 | 979 | 25,445 | ||
| -23,707 | 43,819 | 877 | -6,160 | 10,627 | 26,926 | -3,841 | -70,884 | -129,994 | 53,746 | 9,116 | 36,465 | 80,896 | -20,435 | 5,586 | 18,373 | - | ||
| -15,602 | 9,903 | -5,942 | -54,407 | -73,257 | -89,044 | -117,431 | -120,463 | 9,362 | 108,729 | 91,660 | 82,087 | 69,755 | 166,468 | 60,431 | 10,013 | 21,808 | ||
| 60.5% | 59.5% | 51.0% | 39.5% | 32.7% | 28.0% | 20.7% | 18.2% | 26.2% | 23.6% | 22.6% | 20.7% | 18.1% | 11.0% | 18.1% | 29.2% | 61.0% | ||
| 0.83 | 1.11 | 0.92 | 0.47 | 0.43 | 0.32 | 0.24 | 0.21 | 1.09 | 1.94 | 1.88 | 1.69 | 1.45 | 2.88 | 2.37 | 1.21 | 2.61 | ||
| 0.83 | 1.11 | 0.92 | 0.47 | 0.43 | 0.32 | 0.24 | 0.21 | 1.09 | 1.94 | 1.88 | 1.69 | 1.44 | 2.87 | 2.36 | 1.20 | 2.61 | ||
| 0.65 | 0.68 | 0.96 | 1.53 | 2.06 | 2.57 | 3.82 | 4.49 | 2.81 | 3.23 | 3.43 | 3.83 | 4.52 | 8.08 | 4.52 | 2.42 | 0.64 | ||
| 28.6% | 22.3% | 22.9% | 12.1% | 12.9% | 23.5% | 8.7% | -13.0% | 9.5% | 10.9% | 4.6% | 4.7% | 35.5% | -3.7% | 34.1% | 75.8% | 51.1% | ||
| 17.3% | 13.3% | 11.7% | 4.8% | 4.2% | 6.6% | 1.8% | -2.4% | 2.5% | 2.6% | 1.0% | 1.0% | 6.4% | -0.4% | 6.2% | 22.1% | 31.2% | ||
| 22.53 | 16.78 | 11.90 | 6.59 | 5.71 | - | - | - | - | - | - | - | - | - | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €53,474 | €3,635 | €4,769 | €2,998 |
| €34,697 | €28,670 | €25,564 | €25,510 | €25,135 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 15% higher than in 2024 and the highest since 2009. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total falls from 40.5% to 39.5%. Equity and debt are lower.
Make IT Smart has no parent and no holdings in its annual accounts. is the only director. Make IT Smart shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Diestsesteenweg 589 registered office 3010 Leuven | 01-10-2008 | 2.173.319.642 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24051C0130/00A000 | 4,057 m² | 1 · 202 m² | 14.5 m · 3 |
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