Smart Alternative
ActiveSummary
Smart Alternative has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13,219 and a net result of €12,228. Equity is shrinking by ~23.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 22% of 15375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+39
Solvency52▲+25
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.14 against 0.9 in 2023; short-term debt: 72.8% and cash: 12% of total assets), and 72.8% of the assets are financed with debt.
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Signals
Eight 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
27.2%
Return on assets
25.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 15375 sector peers (2024).
NBB · sector comparisonPosition among 15375 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €13,219
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
32 d late
2022
29 d late
2021
31 d late
2020
31 d late
2019
65 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€13,219▲ 1,232%
2023 · €993
Total assets
€48,552▲ 19.6%
2023 · €40,603
Net result
€12,228
2023 · -€2,504
Working capital
€5,006
2023 · -€3,953
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Line20202021202220232024
Operating result€21,345▲ 86.6%€3,176▼ 85.1%-€1,837-€379▲ 79.4%€16,273
Net result€15,175within the sector's middle half▲ 90.8%€445below the sector's middle half▼ 97.1%-€3,575below the sector's middle half-€2,504below the sector's middle half▲ 29.9%€12,228within the sector's middle half
Equity€23,127below the sector's middle half▲ 191%€7,071below the sector's middle half▼ 69.4%€3,497below the sector's middle half▼ 50.6%€993below the sector's middle half▼ 71.6%€13,219below the sector's middle half▲ 1,232%
Total assets€44,060below the sector's middle half▲ 231%€42,946below the sector's middle half▼ 2.5%€43,750below the sector's middle half▲ 1.9%€40,603below the sector's middle half▼ 7.2%€48,552below the sector's middle half▲ 19.6%
Debt€20,933▲ 290%€35,874▲ 71.4%€40,254▲ 12.2%€39,611▼ 1.6%€35,333▼ 10.8%
Working capital€22,806within the sector's middle half▲ 187%€6,703below the sector's middle half▼ 70.6%€3,392below the sector's middle half▼ 49.4%-€3,953below the sector's middle half€5,006below the sector's middle half
Solvency52.5%within the sector's middle half▼ 7.2pp16.5%below the sector's middle half▼ 36.0pp8.0%below the sector's middle half▼ 8.5pp2.4%below the sector's middle half▼ 5.5pp27.2%below the sector's middle half▲ 24.8pp
Current ratio2.09within the sector's middle half▼ 0.391.19below the sector's middle half▼ 0.901.08below the sector's middle half▼ 0.100.90below the sector's middle half▼ 0.181.14below the sector's middle half▲ 0.24
Return on assets (ROA)34.4%above the sector's middle half▼ 25.2pp1.0%below the sector's middle half▼ 33.4pp-8.2%below the sector's middle half▼ 9.2pp-6.2%below the sector's middle half▲ 2.0pp25.2%within the sector's middle half▲ 31.4pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 returns to profit in 2024: €16,273 after a loss of €379 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €48,552
Fixed assets
€8,214 ▲ 66.1%
Current assets
€40,338 ▲ 13.1%
Equity and liabilities €48,552
Equity
€13,219 ▲ 1,232%
Debt
€35,333 ▼ 10.8%
Debt's share of the balance-sheet total falls from 97.6% to 72.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,587▲
2023 · €2,197
Cash flow
€14,542▲
2023 · €73
Debt to equity
2.67
ROE
92.5%
Interest coverage
154.58▲
2023 · 7.93
Debt ≤ 1 year
€35,333▼
2023 · €39,611
Income taxes
€4,894▲
2023 · €1,848
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €100 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €160 | €264 | €265 | €2,577 | €2,314 | ▼ 10.2% |
| Other operating charges640/8 | - | €440 | €446 | €324 | €967 | ▲ 199% |
| Gross operating margin9900 | €21,505 | €3,881 | -€1,126 | €2,521 | €19,554 | ▲ 676% |
| Operating profit (loss)9901 | €21,345 | €3,176 | -€1,837 | -€379 | €16,273 | ▲ 4,390% |
| Financial income75/76B | - | - | €632 | - | €969 | - |
| Recurring financial income75 | - | - | €632 | - | €969 | - |
| Financial charges65/66B | - | €736 | €265 | €277 | €120 | ▼ 56.6% |
| Recurring financial charges65 | €625 | €736 | €265 | €277 | €120 | ▼ 56.6% |
| Profit (loss) for the period before taxes9903 | €20,720 | €2,440 | -€1,469 | -€657 | €17,122 | ▲ 2,708% |
| Income taxes67/77 | €5,545 | €1,995 | €2,105 | €1,848 | €4,894 | ▲ 165% |
| Profit (loss) for the period9904 | €15,175 | €445 | -€3,575 | -€2,504 | €12,228 | ▲ 588% |
| Profit (loss) for the period to be appropriated9905 | €15,175 | €445 | -€3,575 | -€2,504 | €12,228 | ▲ 588% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,060 | €42,946 | €43,750 | €40,603 | €48,552 | ▲ 19.6% |
| Fixed assets21/28 | €321 | €369 | €104 | €4,946 | €8,214 | ▲ 66.1% |
| Tangible fixed assets22/27 | €321 | €369 | €104 | €4,946 | €8,214 | ▲ 66.1% |
| Plant, machinery and equipment23 | - | €369 | €104 | €495 | €6,499 | ▲ 1,213% |
| Furniture and vehicles24 | - | - | - | €4,451 | €1,715 | ▼ 61.5% |
| Current assets29/58 | €43,740 | €42,577 | €43,646 | €35,657 | €40,338 | ▲ 13.1% |
| Amounts receivable within one year40/41 | €21,557 | €16,372 | €34,980 | €32,236 | €34,521 | ▲ 7.1% |
| Trade receivables40 | - | €16,183 | €19,672 | €226 | €231 | ▲ 2.6% |
| Other amounts receivable41 | - | €189 | €15,308 | €32,010 | €34,289 | ▲ 7.1% |
| Cash at bank and in hand54/58 | €22,182 | €24,332 | €8,666 | €3,422 | €5,818 | ▲ 70.0% |
| Deferred charges and accrued income490/1 | - | €1,873 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,060 | €42,946 | €43,750 | €40,603 | €48,552 | ▲ 19.6% |
| Equity10/15 | €23,127 | €7,071 | €3,497 | €993 | €13,219 | ▲ 1,232% |
| Contributions10/11 | - | €1,988 | €1,988 | €1,988 | €1,988 | = |
| Reserves13 | €1,988 | - | - | - | - | - |
| Profit (loss) carried forward14 | €21,138 | €5,083 | €1,509 | -€995 | €11,232 | ▲ 1,228% |
| Amounts payable17/49 | €20,933 | €35,874 | €40,254 | €39,611 | €35,333 | ▼ 10.8% |
| Amounts payable within one year42/48 | €20,933 | €35,874 | €40,254 | €39,611 | €35,333 | ▼ 10.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,717 | - | - |
| Trade debts44 | €643 | €5,662 | €2,382 | €3,454 | €10,044 | ▲ 191% |
| Suppliers440/4 | - | €5,662 | €2,382 | €3,454 | €10,044 | ▲ 191% |
| Taxes, remuneration and social security45 | - | €25,157 | €37,872 | €34,440 | €25,289 | ▼ 26.6% |
| Taxes450/3 | - | €25,157 | €37,872 | €34,440 | €25,289 | ▼ 26.6% |
| Other amounts payable47/48 | - | €5,056 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,175 | €445 | -€3,575 | -€2,504 | €12,228 | ▲ 588% |
| + Depreciation and write-downs630 | €160 | €264 | €265 | €2,577 | €2,314 | ▼ 10.2% |
| Operating cash flow (approximation) | €15,335 | €710 | -€3,310 | €73 | €14,542 | ▲ 19,944% |
| Investment in fixed assets (approximation) | - | -€312 | €0 | -€7,418 | -€5,582 | ▲ 24.8% |
| Change in cash | - | €2,150 | -€15,666 | -€5,245 | €2,396 | ▲ 146% |
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
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Back to profitnet €12,228
Net result €12,228 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 32 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€3,575
Net result drops to -€3,575, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €15,175 ▲90.8%
Operating result €21,345, net result €15,175, both a record.
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lasne · 2 establishment units since 2019
Ground area
6,829 m²
Building footprint
3,980 m²
Volume, LiDAR
87,382 m³
2 parcels, Brussels, Wallonia · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
14
companies at this address
See who is registered here
2 establishment units
Smart Alternative
since 20192.283.724.448
smart alternative
since 20242.357.751.878
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 25076C0361/00F002 | Wallonia | 1,157 m² | 1 · 102 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 3,607 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
Founded03-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
69109Other legal services
70200Business and other management consultancy
82100Office administrative and support services
Contact
E-mail
info.smartalternative@gmail.com
E-mail
sabrinasoriano04@gmail.com
Phone
+32484185245
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717607879
Registered
25-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.