Summary
SMART is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €385,405 and a net result of €75,152. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 8074 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
51 d early
2023
43 d early
2022
34 d early
2021
58 d early
2020
33 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 oldest company in Oudsbergen, Finance and insurance sector
Equity
€385,405▲ 18.9%
2024 · €324,253
Net result
€75,152▲ 13.3%
2024 · €66,329
Total assets
€431,081▲ 24.6%
2024 · €345,867
Solvency
89.4%▼ 4.3pp
2024 · 93.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,694▼ 50.9%€53,515▲ 1.6%€95,481▲ 78.4%€91,556▼ 4.1%€105,396▲ 15.1%
Net result€35,205within the sector's middle half▼ 64.3%€37,428within the sector's middle half▲ 6.3%€67,526within the sector's middle half▲ 80.4%€66,329within the sector's middle half▼ 1.8%€75,152within the sector's middle half▲ 13.3%
Equity€152,971within the sector's middle half▼ 28.7%€190,399within the sector's middle half▲ 24.5%€257,924within the sector's middle half▲ 35.5%€324,253within the sector's middle half▲ 25.7%€385,405within the sector's middle half▲ 18.9%
Total assets€288,451within the sector's middle half▲ 14.7%€217,385within the sector's middle half▼ 24.6%€297,440within the sector's middle half▲ 36.8%€345,867within the sector's middle half▲ 16.3%€431,081within the sector's middle half▲ 24.6%
Debt€135,481▲ 266%€26,987▼ 80.1%€39,516▲ 46.4%€21,613▼ 45.3%€45,676▲ 111%
Working capital-€1,029€54,816€140,925▲ 157%€210,698▲ 49.5%€277,641▲ 31.8%
Solvency53.0%within the sector's middle half▼ 32.2pp87.6%above the sector's middle half▲ 34.6pp86.7%above the sector's middle half▼ 0.9pp93.8%above the sector's middle half▲ 7.0pp89.4%above the sector's middle half▼ 4.3pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €431,081
Fixed assets
€107,764 ▼ 5.1%
Current assets
€323,317 ▲ 39.2%
Equity and liabilities €431,081
Equity
€385,405 ▲ 18.9%
Debt
€45,676 ▲ 111%
Debt's share of the balance-sheet total rises from 6.2% to 10.6%. Equity and debt are higher.
Key figures and ratios
ROE
19.5%▼
2024 · 20.5%
ROA
17.4%▼
2024 · 19.2%
Debt ≤ 1 year
€45,676▲
2024 · €21,613
Income taxes
€31,575▲
2024 · €26,880
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,484 | €20,252 | €20,312 | €22,902 | €36,634 | ▲ 60.0% |
| Other operating charges640/8 | €4,830 | €3,009 | €3,691 | €3,156 | €3,350 | ▲ 6.2% |
| Non-recurring operating charges66A | - | - | - | - | €96 | - |
| Gross operating margin9900 | €81,009 | €76,777 | €119,484 | €117,613 | €145,477 | ▲ 23.7% |
| Operating profit (loss)9901 | €52,694 | €53,515 | €95,481 | €91,556 | €105,396 | ▲ 15.1% |
| Financial income75/76B | €23 | - | €276 | €1,767 | €1,492 | ▼ 15.6% |
| Recurring financial income75 | €23 | - | €276 | €1,767 | €1,492 | ▼ 15.6% |
| Financial charges65/66B | €175 | €266 | €149 | €114 | €162 | ▲ 42.4% |
| Recurring financial charges65 | €175 | €266 | €149 | €114 | €162 | ▲ 42.4% |
| Profit (loss) for the period before taxes9903 | €52,543 | €53,249 | €95,608 | €93,209 | €106,727 | ▲ 14.5% |
| Income taxes67/77 | €17,338 | €15,821 | €28,082 | €26,880 | €31,575 | ▲ 17.5% |
| Profit (loss) for the period9904 | €35,205 | €37,428 | €67,526 | €66,329 | €75,152 | ▲ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €35,205 | €37,428 | €67,526 | €66,329 | €75,152 | ▲ 13.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €288,451 | €217,385 | €297,440 | €345,867 | €431,081 | ▲ 24.6% |
| Fixed assets21/28 | €153,999 | €135,783 | €116,999 | €113,555 | €107,764 | ▼ 5.1% |
| Tangible fixed assets22/27 | €153,999 | €135,783 | €116,999 | €113,555 | €107,764 | ▼ 5.1% |
| Land and buildings22 | €85,529 | €74,693 | €63,858 | €53,022 | €58,129 | ▲ 9.6% |
| Plant, machinery and equipment23 | - | - | - | €5,503 | €4,181 | ▼ 24.0% |
| Furniture and vehicles24 | €6,076 | €7,457 | €8,271 | €18,922 | €18,108 | ▼ 4.3% |
| Other tangible fixed assets26 | €62,395 | €53,633 | €44,870 | €36,108 | €27,346 | ▼ 24.3% |
| Current assets29/58 | €134,452 | €81,602 | €180,441 | €232,311 | €323,317 | ▲ 39.2% |
| Amounts receivable within one year40/41 | €23,746 | €24,356 | €31,373 | €42,219 | €34,752 | ▼ 17.7% |
| Trade receivables40 | €23,212 | €20,181 | €27,198 | €41,573 | €33,671 | ▼ 19.0% |
| Other amounts receivable41 | €534 | €4,175 | €4,175 | €646 | €1,081 | ▲ 67.4% |
| Cash at bank and in hand54/58 | €107,087 | €54,581 | €148,168 | €187,503 | €285,686 | ▲ 52.4% |
| Deferred charges and accrued income490/1 | €3,619 | €2,666 | €900 | €2,590 | €2,879 | ▲ 11.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €288,451 | €217,385 | €297,440 | €345,867 | €431,081 | ▲ 24.6% |
| Equity10/15 | €152,971 | €190,399 | €257,924 | €324,253 | €385,405 | ▲ 18.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €99,252 | €136,252 | €203,252 | €269,252 | €330,252 | ▲ 22.7% |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €80,502 | €117,502 | €184,502 | €250,502 | €311,502 | ▲ 24.4% |
| Profit (loss) carried forward14 | -€7,781 | -€7,353 | -€6,827 | -€6,498 | -€6,347 | ▲ 2.3% |
| Amounts payable17/49 | €135,481 | €26,987 | €39,516 | €21,613 | €45,676 | ▲ 111% |
| Amounts payable within one year42/48 | €135,481 | €26,787 | €39,516 | €21,613 | €45,676 | ▲ 111% |
| Trade debts44 | €18,181 | €12,088 | €2,569 | €5,023 | €3,873 | ▼ 22.9% |
| Suppliers440/4 | €18,181 | €12,088 | €2,569 | €5,023 | €3,873 | ▼ 22.9% |
| Taxes, remuneration and social security45 | €20,555 | €14,300 | €34,927 | €16,591 | €27,803 | ▲ 67.6% |
| Taxes450/3 | €20,555 | €14,300 | €34,927 | €16,591 | €27,803 | ▲ 67.6% |
| Other amounts payable47/48 | €96,744 | €398 | €2,020 | - | €14,000 | - |
| Accrued charges and deferred income492/3 | - | €200 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,205 | €37,428 | €67,526 | €66,329 | €75,152 | ▲ 13.3% |
| + Depreciation and write-downs630 | €23,484 | €20,252 | €20,312 | €22,902 | €36,634 | ▲ 60.0% |
| Operating cash flow (approximation) | €58,689 | €57,681 | €87,838 | €89,231 | €111,786 | ▲ 25.3% |
| Investment in fixed assets (approximation) | - | -€2,036 | -€1,528 | -€19,458 | -€30,843 | ▼ 58.5% |
| Change in cash | - | -€52,506 | €93,588 | €39,334 | €98,183 | ▲ 150% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.75
Current ratio from 4.57 to 10.75; short-term debt falls from €39,516 to €21,613.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €257,924 ▲35.5%
5 profitable years in a row build equity to €257,924.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 3.05
Current ratio from 0.99 to 3.05; short-term debt falls from €135,481 to €26,787.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €98,596 ▲585%
Operating result €107,405, net result €98,596, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14,391
Net result €14,391 after one loss-making year.
Show earlier events
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 19 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2013
08-03
State Gazette act
Director resignation · Director appointment
Permanent representative · Statutes amendment
2010
25-03
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
2006
14-06
State Gazette act
General meeting · Director resignation
Director discharge · Officer discharge condition
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Oudsbergen · 1 establishment unit since 2000
Ground area
916 m²
Building footprint
353 m²
Volume, LiDAR
1,783 m³
Parcel 72022C0108/00T000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SMART NV
since 20002.097.418.429
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022C0108/00T000 | Flanders | 916 m² | 1 · 353 m² | 8.6 m · 2 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.
Structure & network
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
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Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,335 EUR awarded · 1,335 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,335 EUR | 1,335 EUR |
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 13,777 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
Founded16-12-1999
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0468476643
Also
9925:BE0468476643
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.