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MG-SMART

Active
Private limited companyfounded 2023active for 3 yearsHockeylaan 31, 1932 Zaventem, BelgiumKBO/BCE: BE 0805.635.676

Financials · financial year 2025, micro format

2025 annual accounts filed 13 days after the deadline Filed on 13 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00403038.

Annual accounts 2025 filed on 13-08-2026 at the NBB all 3 filings

Turnover
≈ €94,000
Estimated: probably between €43,000 and €220,000
Total assets
€9,130▼ 26.2%
2023 · €12,378
Net result
€12,050
2024 · -€10,911
Working capital
-€20,501▼ 47.4%
2023 · -€13,907
Trend over the years

2023 to 2025, 3 financial years

The operating result for 2025 is a profit of €12,202, after a loss of €10,847 in 2024. It is the highest result since 2023.

Operating result€12,202 2025 Net result€12,050 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€2,320--€10,847▼ 368%€12,202
Net result-€2,320--€10,911▼ 370%€12,050
Equity-€1,820--€12,731▼ 600%-€681▲ 94.7%
Total assets€12,378-€9,130▼ 26.2%
Debt€14,198-€21,861▲ 54.0%€681▼ 96.9%
Working capital-€13,907--€20,501▼ 47.4%
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€681▼
2024 · €21,861
The equity ratios are withheld because equity of -€681 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item202320242025
Tangible fixed assets€12,950--
Depreciation and write-downs of the year€863€4,317-

Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines

Source: Annual accounts 2025 at the NBB, filed on 13-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€9,130-
Fixed assets21/28€7,770-
Tangible fixed assets22/27€7,770-
Furniture and vehicles24€7,770-
Current assets29/58€1,360-
Amounts receivable within one year40/41€464-
Other amounts receivable41€464-
Cash at bank and in hand54/58€896-
Equity and liabilities
Total equity and liabilities10/49€9,130€0▼
Equity10/15-€12,731-€681▲
Contributions10/11€500€500=
Profit (loss) carried forward14-€13,231-€1,181▲
Amounts payable17/49€21,861€681▼
Amounts payable within one year42/48€21,861€681▼
Trade debts44€6,244-
Suppliers440/4€6,244-
Other amounts payable47/48€15,617€681▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,317-
Other operating charges640/8€218-
Gross operating margin9900-€6,312€12,202▲
Operating profit (loss)9901-€10,847€12,202▲
Financial charges65/66B€64€152▲
Recurring financial charges65€64€152▲
Profit (loss) for the period before taxes9903-€10,911€12,050▲
Profit (loss) for the period9904-€10,911€12,050▲
Profit (loss) for the period to be appropriated9905-€10,911€12,050▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,231-€1,181▲
Profit (loss) brought forward from the previous period14P-€2,320-€13,231▼

The notes to these accounts have 5 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.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€863€4,317--
Other operating charges640/8-€218--
Gross operating margin9900-€1,457-€6,312€12,202-
Operating profit (loss)9901-€2,320-€10,847€12,202-
Financial charges65/66B-€64€152▲ 138%
Recurring financial charges65-€64€152▲ 138%
Profit (loss) for the period before taxes9903-€2,320-€10,911€12,050-
Profit (loss) for the period9904-€2,320-€10,911€12,050-
Profit (loss) for the period to be appropriated9905-€2,320-€10,911€12,050-
Line202320242025Change
Assets
Total assets20/58€12,378€9,130--
Fixed assets21/28€12,087€7,770--
Tangible fixed assets22/27€12,087€7,770--
Furniture and vehicles24€12,087€7,770--
Current assets29/58€291€1,360--
Amounts receivable within one year40/41€169€464--
Trade receivables40€169---
Other amounts receivable41-€464--
Cash at bank and in hand54/58€122€896--
Equity and liabilities
Total equity and liabilities10/49€12,378€9,130€0▼ 100%
Equity10/15-€1,820-€12,731-€681▲ 94.7%
Contributions10/11€500€500€500=
Profit (loss) carried forward14-€2,320-€13,231-€1,181▲ 91.1%
Amounts payable17/49€14,198€21,861€681▼ 96.9%
Amounts payable within one year42/48€14,198€21,861€681▼ 96.9%
Trade debts44€14,198€6,244--
Suppliers440/4€14,198€6,244--
Other amounts payable47/48-€15,617€681▼ 95.6%
Line202320242025Change
Profit (loss) for the period9904-€2,320-€10,911€12,050-
+ Depreciation and write-downs630€863€4,317--
Operating cash flow (approximation)-€1,457-€6,594€12,050-
Investment in fixed assets (approximation)-€0--
Change in cash-€774--

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 13-08-2026 2026-00403038 NBB
31-12-2024 micro format 29-08-2025 2025-00467485 PDF
31-12-2023 micro format 26-08-2024 2024-00379110 PDF

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