smart Belgium
ActiveThe computed 12-month bankruptcy probability of smart Belgium is 2.7% (moderate). The 2025 annual accounts show equity of €600k and a net result of €185k. Equity is growing by ~65% per year across the filed fiscal years. Its solvency ranks better than 24% of 4123 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+1
Solvency39▲+12
Growth57▼-21
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity ample (current ratio 1.62 against 1.13 in 2024; short-term debt: 61.7% and cash: 2.3% of total assets), but 86.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.7%
Return on assets
4.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4123 sector peers (2025).
NBB · sector comparisonPosition among 4123 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 4 filingsDeviation from the deadline
2025
13 d late
2024
61 d late
2023
6 d early
2022
on the day
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€16.91M▼ 5.2%
2024 · €17.84M
2024: €17.84M
2024 → 2025
EBIT margin
1.5%▼ 1.1pp
2024 · 2.6%
2024: 2.6%
2024 → 2025
Net result
€185k▼ 22.7%
2024 · €240k
2022: €-563k
2023: €712k
2024: €240k
2022 → 2025
Working capital
€1.67M▼ 14.6%
2024 · €1.96M
2022: €-269k
2023: €1.65M
2024: €1.96M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€17.84M€16.91M▼ 5.2%
Equity€-538k-€174k€414k▲ 138%€600k▲ 44.8%
Operating result€-561k-€735k€472k▼ 35.9%€254k▼ 46.2%
Net result€-563k-€712k€240k▼ 66.3%€185k▼ 22.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.38M
Fixed assets
€6k▼ 4.2%
Current assets
€4.37M▼ 74.1%
Equity and liabilities €4.38M
Equity
€600k▲ 44.8%
Debt
€3.78M▼ 77.1%
The debt ratio falls from 97.5% to 86.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€254k▼
2024 · €475k
Cash flow
€186k▼
2024 · €243k
Solvency
13.7%▲
2024 · 2.5%
Current ratio
1.62▲
2024 · 1.13
Quick ratio
0.90▲
2024 · 0.90
Debt / equity
6.30▼
2024 · 39.80
ROE
30.9%▼
2024 · 57.9%
ROA
4.2%▲
2024 · 1.4%
Interest coverage
8.88▼
2024 · 16.05
Debt
€3.78M▼
2024 · €16.49M
Debt ≤ 1 year
€2.70M▼
2024 · €14.94M
Debt > 1 year
€0▼
2024 · €577k
Income taxes
€39k▼
2024 · €201k
Staff costs
€902k▲
2024 · €849k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€16.91M€4.38M▼
Fixed assets21/28€7k€6k▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€1k€1k▼
Financial fixed assets28€5k€5k=
Other financial fixed assets284/8€5k€5k=
Amounts receivable and cash guarantees285/8€5k€5k=
Current assets29/58€16.90M€4.37M▼
Stocks and contracts in progress3€3.50M€1.95M▼
Stocks30/36€3.50M€1.95M▼
Goods purchased for resale34€3.50M€1.95M▼
Amounts receivable within one year40/41€13.07M€2.08M▼
Trade receivables40€12.85M€1.99M▼
Other amounts receivable41€215k€98k▼
Cash at bank and in hand54/58€100k€100k=
Deferred charges and accrued income490/1€227k€241k▲
Equity and liabilities
Total equity and liabilities10/49€16.91M€4.38M▼
Equity10/15€414k€600k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€389k€575k▲
Amounts payable17/49€16.49M€3.78M▼
Amounts payable after more than one year17€577k€0▼
Financial debts170/4€577k€0▼
Other loans174€577k€0▼
Amounts payable within one year42/48€14.94M€2.70M▼
Financial debts43-€577k
Other loans439-€577k
Trade debts44€14.77M€1.42M▼
Suppliers440/4€14.77M€1.42M▼
Advances received on contracts in progress46-€191k
Taxes, remuneration and social security45€130k€438k▲
Taxes450/3€0€214k▲
Remuneration and social security454/9€130k€224k▲
Other amounts payable47/48€46k€79k▲
Accrued charges and deferred income492/3€972k€1.08M▲
Income statement
Code20242025
Operating income70/76A€18.16M€23.07M▲
Turnover70€17.84M€16.91M▼
Other operating income74€316k€6.16M▲
Non-recurring operating income76A€3k€501▼
Operating charges60/66A€17.69M€22.81M▲
Goods for resale, raw materials and consumables60€9.69M€15.60M▲
Purchases600/8€12.91M€14.19M▲
Change in stocks: decrease (increase)609€-3.22M€1.42M▲
Services and other goods61€7.04M€6.15M▼
Remuneration, social security and pensions62€849k€902k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€752▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€22k€144k▲
Other operating charges640/8€79k€12k▼
Non-recurring operating charges66A€3k€372▼
Operating profit (loss)9901€472k€254k▼
Financial charges65/66B€30k€30k▼
Recurring financial charges65€30k€30k▼
Debt charges650€30k€29k▼
Other financial charges652/9€819€983▲
Profit (loss) for the period before taxes9903€441k€224k▼
Income taxes67/77€201k€39k▼
Taxes670/3€201k€51k▼
Tax adjustments and reversals of tax provisions77-€12k
Profit (loss) for the period9904€240k€185k▼
Profit (loss) for the period to be appropriated9905€240k€185k▼
Appropriation of the result
Profit (loss) to be appropriated9906€389k€575k▲
Profit (loss) brought forward from the previous period14P€149k€389k▲
Social balance
Average headcount (FTE)90877.87.3▼
The notes to these accounts (42 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
04-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 07/04/2026
- Director resignation, Dirk Adelmann (administrateur)
- Director appointment, Wolfgang Ufer (administrateur)
2025
31-12
Financial
Equity above €500kEq €600k ▲44.8%
3 profitable years in a row build equity to €600k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €414k ▲138%
2 profitable years in a row build equity to €414k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €712k
Net result €712k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.13
Current ratio from 0.23 to 1.13.
31-12
Financial
Equity above €150kEq €174k
Equity rises from €-538k to €174k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Wolfgang Ufer
CurrentDirector · since 01-03-2026
04-08-2026
Dirk Adelmann: Resigned as Director
01-03-2026
Wolfgang Ufer: Appointed as Director
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tollaan 681200 Sint-Lambrechts-WoluweGround area
4.3 ha
Building footprint
1.7 ha
Volume, LiDAR
152,262 m³
Parcel 21018A0004/00B002, Brussels · tallest building 24.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
smart Belgium
since 20232.345.676.665
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0004/00B002 | Brussels | 4.3 ha | 1 · 1.7 ha | 24.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| KPMG Réviseurs d'Entreprises SRL Statutory auditor · represented by Tanguy Legein | - → 02-12-2021 |
Similar companies · same sector, comparable size
GARAGE PISCINA
BE 0449.666.165
Saint-Ghislain · Eq €600k
Intercars Bilzen
BE 0472.056.537
Bilzen-Hoeselt · Eq €600k
A.B.CARS
BE 0842.951.873
Mons · Eq €599k
GARAGE VANDENBROUCKE
BE 0449.176.811
Ieper · Eq €599k
WIDEGO
BE 0420.965.251
Mouscron · Eq €598k
Of 10,679 companies in sector 47811 we hold annual accounts for 5,225. 3,345 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-12-2021
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
47400Retail sale of information and communication equipment
47410Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.