SMART CONCEPT
ActiveSummary
SMART CONCEPT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,061 and a net result of -€9,425. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 90% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-18
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 11.72 against 16.29 in 2024; short-term debt: 8.5% and cash: 5% of total assets), and 8.5% of the assets are financed with debt.
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. 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
91.5%
Return on assets
-14.1%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,425
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
91 d late
← 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 39 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
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
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#9 oldest company in Vorst, Telecoms and IT sector
Equity
€61,061▼ 13.4%
2024 · €70,486
Total assets
€66,758▼ 11.1%
2024 · €75,098
Net result
-€9,425▼ 82.7%
2024 · -€5,157
Working capital
€61,061▼ 13.4%
2024 · €70,486
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20212022202320242025
Operating result-€1,182▲ 86.8%€33,895-€5,952-€7,079▼ 18.9%-€11,388▼ 60.9%
Net result-€405below the sector's middle half▲ 95.0%€34,200within the sector's middle half-€4,089below the sector's middle half-€5,157below the sector's middle half▼ 26.1%-€9,425below the sector's middle half▼ 82.7%
Equity€45,532within the sector's middle half▼ 0.9%€79,732within the sector's middle half▲ 75.1%€75,643within the sector's middle half▼ 5.1%€70,486within the sector's middle half▼ 6.8%€61,061within the sector's middle half▼ 13.4%
Total assets€54,136below the sector's middle half▼ 4.7%€88,093within the sector's middle half▲ 62.7%€79,050within the sector's middle half▼ 10.3%€75,098within the sector's middle half▼ 5.0%€66,758below the sector's middle half▼ 11.1%
Debt€8,604▼ 20.9%€8,361▼ 2.8%€3,407▼ 59.3%€4,611▲ 35.3%€5,697▲ 23.5%
Working capital€45,532▼ 0.9%€79,732▲ 75.1%€75,643▼ 5.1%€70,486▼ 6.8%€61,061▼ 13.4%
Solvency84.1%above the sector's middle half▲ 3.2pp90.5%above the sector's middle half▲ 6.4pp95.7%above the sector's middle half▲ 5.2pp93.9%above the sector's middle half▼ 1.8pp91.5%above the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 stays negative: a loss of €11,388 in 2025 against €7,079 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €66,758
Equity
€61,061 ▼ 13.4%
Debt
€5,697 ▲ 23.5%
Debt's share of the balance-sheet total rises from 6.1% to 8.5%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
11.72▼
2024 · 16.29
Debt to equity
0.09▲
2024 · 0.07
ROE
-15.4%▼
2024 · -7.3%
ROA
-14.1%▼
2024 · -6.9%
Debt ≤ 1 year
€5,697▲
2024 · €4,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 5,836 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €347 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | -€835 | €34,243 | -€5,568 | -€6,691 | -€10,988 | ▼ 64.2% |
| Operating profit (loss)9901 | -€1,182 | €33,895 | -€5,952 | -€7,079 | -€11,388 | ▼ 60.9% |
| Financial income75/76B | €1,455 | €1,831 | €2,040 | €2,092 | €2,153 | ▲ 2.9% |
| Recurring financial income75 | €1,455 | €1,831 | €2,040 | €2,092 | €2,153 | ▲ 2.9% |
| Financial charges65/66B | €678 | €1,077 | €177 | €171 | €190 | ▲ 11.3% |
| Recurring financial charges65 | €678 | €1,077 | €177 | €171 | €190 | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | -€405 | €34,649 | -€4,089 | -€5,157 | -€9,425 | ▼ 82.7% |
| Income taxes67/77 | - | €449 | - | - | - | - |
| Profit (loss) for the period9904 | -€405 | €34,200 | -€4,089 | -€5,157 | -€9,425 | ▼ 82.7% |
| Profit (loss) for the period to be appropriated9905 | -€405 | €34,200 | -€4,089 | -€5,157 | -€9,425 | ▼ 82.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,136 | €88,093 | €79,050 | €75,098 | €66,758 | ▼ 11.1% |
| Current assets29/58 | €54,136 | €88,093 | €79,050 | €75,098 | €66,758 | ▼ 11.1% |
| Amounts receivable within one year40/41 | €45,923 | €68,190 | €70,058 | €74,872 | €63,399 | ▼ 15.3% |
| Trade receivables40 | - | €172 | - | - | - | - |
| Other amounts receivable41 | €45,923 | €68,018 | €70,058 | €74,872 | €63,399 | ▼ 15.3% |
| Cash at bank and in hand54/58 | €8,213 | €19,903 | €8,992 | €226 | €3,359 | ▲ 1,387% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,136 | €88,093 | €79,050 | €75,098 | €66,758 | ▼ 11.1% |
| Equity10/15 | €45,532 | €79,732 | €75,643 | €70,486 | €61,061 | ▼ 13.4% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €39,335 | €73,535 | €69,446 | €64,289 | €54,864 | ▼ 14.7% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | €34,335 | €68,535 | €64,446 | €59,289 | €49,864 | ▼ 15.9% |
| Amounts payable17/49 | €8,604 | €8,361 | €3,407 | €4,611 | €5,697 | ▲ 23.5% |
| Amounts payable within one year42/48 | €8,604 | €8,361 | €3,407 | €4,611 | €5,697 | ▲ 23.5% |
| Financial debts43 | €69 | €83 | €97 | - | - | - |
| Credit institutions430/8 | €69 | €83 | €97 | - | - | - |
| Trade debts44 | €7,159 | €3,003 | €640 | €4,611 | €5,697 | ▲ 23.5% |
| Suppliers440/4 | €7,159 | €3,003 | €640 | €4,611 | €5,697 | ▲ 23.5% |
| Taxes, remuneration and social security45 | €1,376 | €5,275 | €2,670 | - | - | - |
| Taxes450/3 | €1,376 | €5,275 | €2,443 | - | - | - |
| Remuneration and social security454/9 | - | - | €227 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€405 | €34,200 | -€4,089 | -€5,157 | -€9,425 | ▼ 82.7% |
| Operating cash flow (approximation) | -€405 | €34,200 | -€4,089 | -€5,157 | -€9,425 | ▼ 82.7% |
| Change in cash | - | €11,690 | -€10,911 | -€8,766 | €3,133 | ▲ 136% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 23.20
Current ratio from 10.54 to 23.20; short-term debt falls from €8,361 to €3,407.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €34,200
Net result €34,200 after 4 loss-making years.
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
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Weakest financial yearnet -€18,045
Net result drops to -€18,045, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 1993
Ground area
2,127 m²
Building footprint
951 m²
Volume, LiDAR
10,315 m³
2 parcels, Brussels · tallest building 34.0 m, ±10 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Louizalaan 226, 1050 Brussel
since 19932.064.611.940
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0065/00P002 | Brussels | 1,551 m² | 1 · 733 m² | 14.0 m · 2 fl. |
| 21807G0121/00X006 ProtectedMonumentHuis Solvay |
Brussels | 576 m² | 1 · 218 m² | 34.0 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,912 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 (pre-2019)
Founded26-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Contact
E-mail
edouard@smartconcept.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451351391
Also
9925:BE0451351391
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.