Open & Agile Smart Cities

Active

Non-profit associationfounded 2017active for 8 yearsLuxemburgstraat 19, 1000 Brussel, Belgium24 active companies are registered at this addressKBO/BCE: BE 0686.623.804

Summary

Open & Agile Smart Cities has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €318,384. Equity is growing by about 56% per year across the filed financial years. Its solvency ranks better than 15% of 780 sector peers (NACE 86, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow Report Compare

Open & Agile Smart CitiesActiveChecked score 94/100

Risk analysis Report Compare

Activity

Nutrition and dietetics services

NACE 86995

Size

€12.3mtotal assets 2025

Equity: €1.1m
Surplus: €318,384

Financial health

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: < 0.1%

Structure

2025 accounts 9 days early2 of 8 deeds summarised

Why 94lowers riskLegal form: non-profit associationSector: Human health activities (NACE 86)Size: total assets €12.3mFigures for financial year 2025 (filed 22-07-2026)Show the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 51% of its sector peers (NACE 86, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 34+4

equity 9.0% of total assets

Liquidity 67+7

short-term debt 62.7% · cash 63.8%

Profitability 44-3

return on assets 2.6%

Bankruptcy probability, 12 months

< 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (84 companies, NACE 86, medium-sized)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025highest value 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value

Credit of up to €100,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.6, compared with 1.35 in 2024, above the usual 1.5; short-term debt: 62.7% and cash: 63.8% of total assets), but 91% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, medium-sized): better than 10% on solvency, 76% on liquidity, 26% on profitability and 92% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.

lowers riskraises riskneutral

Legal form: non-profit association

KBO

Sector: Human health activities (NACE 86)

KBO

Size: total assets €12.3m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Figures for financial year 2025 (filed 22-07-2026)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 780 sector peers (2025).

NBB · sector comparison

Position among 780 sector peers

Solvency

better than 15%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

9 days early

2024

43 days early

2023

29 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 8 days before the deadline; the sector median (NACE 86) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (3 of the last 3 filed years within 39 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-07-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet €318,384 ▼44.9%
31-12-2025 Equity above €1mequity €1.1m ▲40%

Key points

Caution: Among the weakest 15% on solvencysector median 58.2% · 780 companies 9.0% View
EU supportawarded from 2021 to 2025 €22.4m View
Caution: Result fell in 2025from €577,811 to €318,384 ▼ 44.9% View

By topic

Financials

Financial year: 2025
Total assets: €12.3m
Profit: €318,384
Solvency: 9.0%

Go to Financials

Board & ownership

Board: 3 members

Jarii AHOLADirector
Justin ANDERSONDirector
Razgar EBRAHIMYDirector

Go to Board & ownership

Timeline

Events: 9
Since: 2024
Next accounts: by 31-07-2027

18-06-2025Annual accounts filed
17-02-2025Resignations: Martin BRYNSKOV (director) and Paul WILSON…
31-12-2024Highest result from 2023 to 2025

Go to Timeline

Company details

Legal form: Non-profit association
Activity: Nutrition and dietetics servicesNACE 86995
Founded: 19-12-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 30

Purpose: “A)de creatie van een internationaal netwerk van innovatieve steden en gemeenten ter…” (deed in Dutch)

Go to Articles of association

Key facts about Open & Agile Smart Cities

What is the company number of Open & Agile Smart Cities?: 0686.623.804. In Belgium the VAT number is the company number with BE in front: BE 0686.623.804.
Where is Open & Agile Smart Cities based?: The registered office is at Luxemburgstraat 19, 1000 Brussel.Company details
What does Open & Agile Smart Cities do?: According to the KBO register, the main activity is nutrition and dietetics services (NACE 86995).
What is the legal form of Open & Agile Smart Cities?: Non-profit association (VZW).
When was Open & Agile Smart Cities founded?: On 19-12-2017.
Is Open & Agile Smart Cities still active?: Yes, Open & Agile Smart Cities is an active enterprise in the KBO register.
What is the turnover of Open & Agile Smart Cities?: €90,530 in financial year 2024, according to the filed annual accounts.Financials
Is Open & Agile Smart Cities profitable?: In financial year 2025, Open & Agile Smart Cities made a profit of €318,384.
Where can I find the annual accounts of Open & Agile Smart Cities?: Open & Agile Smart Cities filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Open & Agile Smart Cities due?: By 31-07-2027, for financial year 2026.Timeline