SMART CONCEPT (0451.351.391): financials and annual accounts

SMART CONCEPT

Forest ·KBO/BCE: BE 0451.351.391

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	66,758	75,098	79,050	88,093	54,136	56,811	59,861	80,359	149,780	145,045	300,585	271,599	261,011	237,001	217,207	306,366	274,423	182,117	16,340	2,361
Fixed assets`21/28`	-	-	-	-	-	-	-	-	-	466	931	-	132	1,085	2,151	3,538	5,149	3,081	3,744	218
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	-	-	466	931	-	132	1,085	2,151	3,385	4,996	3,081	3,744	194
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,744	194
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	466	931	-	132	1,085	2,151	3,385	4,996	3,081	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	153	153	-	-	24
Current assets`29/58`	66,758	75,098	79,050	88,093	54,136	56,811	59,861	80,359	149,780	144,579	299,654	271,599	260,879	235,916	215,056	302,828	269,274	179,036	12,595	2,143
Amounts receivable within one year`40/41`	63,399	74,872	70,058	68,190	45,923	52,780	49,621	51,940	60,053	72,080	254,331	244,826	185,380	141,993	98,580	75,406	93,537	69,820	9,822	2,133
Trade receivables`40`	-	-	-	172	-	232	-	787	7,565	5,524	54,340	54,075	40,481	31,733	16,761	1,637	46,465	69,820	9,822	2,133
Other amounts receivable`41`	63,399	74,872	70,058	68,018	45,923	52,548	49,621	51,153	52,488	66,556	199,991	190,751	144,899	110,260	81,819	73,769	47,072	-	-	-
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,000	-	-
Cash at bank and in hand`54/58`	3,359	226	8,992	19,903	8,213	4,031	10,240	28,419	89,727	60,146	45,323	26,773	75,499	93,923	116,309	227,422	175,611	37,119	677	10
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	12,353	-	-	-	-	167	-	126	2,097	2,097	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	66,758	75,098	79,050	88,093	54,136	56,811	59,861	80,359	149,780	145,045	300,585	271,599	261,011	237,001	217,207	306,366	274,423	182,117	16,340	2,361
Equity`10/15`	61,061	70,486	75,643	79,732	45,532	45,937	53,981	72,026	82,318	83,785	264,325	258,828	248,389	219,527	188,350	241,767	201,676	127,901	13,778	1,005
Contributions`10/11`	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	-	-	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395
Reserves`13`	54,864	64,289	69,446	73,535	39,335	39,740	47,784	65,829	76,121	77,588	5,000	5,000	5,000	5,001	5,000	5,000	5,000	5,000	5,000	-
Non-distributable reserves`130/1`	5,000	5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	5,000	5,000	5,000	5,000	5,000	5,000	5,000	5,001	5,000	5,000	5,000	5,000	5,000	-
Reserves not available under the articles`1311`	5,000	5,000	5,000	5,000	5,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	49,864	59,289	64,446	68,535	34,335	34,740	42,784	60,829	71,121	72,588	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	-	-	-	-	-	-	253,128	247,631	237,192	208,329	177,153	230,570	190,479	116,703	2,580	-5,192
Amounts payable`17/49`	5,697	4,611	3,407	8,361	8,604	10,874	5,880	8,333	67,462	61,260	36,260	12,770	12,622	17,474	28,857	64,599	72,747	54,217	2,562	1,356
Amounts payable within one year`42/48`	5,697	4,611	3,407	8,361	8,604	10,874	5,880	8,333	67,462	61,260	36,260	12,770	12,622	17,474	28,857	62,356	62,878	54,217	2,562	1,356
Financial debts`43`	-	-	97	83	69	-	-	-	-	-	-	-	-	-	-	-	10,000	-	-	-
Credit institutions`430/8`	-	-	97	83	69	-	-	-	-	-	-	-	-	-	-	-	10,000	-	-	-
Trade debts`44`	5,697	4,611	640	3,003	7,159	10,846	5,880	4,821	11,746	13,180	19,742	5,618	3,731	8,447	10,999	14,649	2,846	1,169	397	1,356
Suppliers`440/4`	5,697	4,611	640	3,003	7,159	10,846	5,880	4,821	11,746	13,180	19,742	5,618	3,731	8,447	10,999	14,649	2,846	1,169	397	1,356
Taxes, remuneration and social security`45`	-	-	2,670	5,275	1,376	28	-	3,512	55,716	48,080	16,518	7,152	8,891	9,027	17,858	47,707	50,032	51,551	669	-
Taxes`450/3`	-	-	2,443	5,275	1,376	28	-	3,512	55,716	48,080	16,518	7,152	8,891	9,027	17,858	38,732	48,084	51,551	669	-
Remuneration and social security`454/9`	-	-	227	-	-	-	-	-	-	-	-	-	-	-	-	8,975	1,948	-	-	-
Other amounts payable`47/48`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,497	1,497	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,243	9,869	-	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	101,878	-	-	-	-	62,134	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Gross operating margin`9900`	-10,988	-6,691	-5,568	34,243	-835	-8,610	-18,851	-16,091	-6,376	-15,441	10,216	15,898	32,196	34,038	-27,864	97,304	157,725	151,333	13,682	-
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	76,537	-	-	-	-	48,453	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,913	42,642	2,470	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	-	466	465	465	132	953	1,066	2,744	2,610	2,740	1,863	-	-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	-	347	-	-	-	-	-	-	-	1,653	-	-	-
Other operating charges`640/8`	400	387	384	348	347	348	348	347	348	348	737	2,231	537	379	845	692	680	1,615	862	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	340	300	-	-	-	-
Operating profit (loss)`9901`	-11,388	-7,079	-5,952	33,895	-1,182	-8,958	-19,199	-16,438	-7,537	-16,254	9,014	13,535	30,706	32,593	-57,366	51,360	150,182	147,856	12,820	-
Financial income`75/76B`	2,153	2,092	2,040	1,831	1,455	1,517	1,575	6,911	9,519	15,048	9	19	20	100	6,115	5,314	2,777	-	-	-
Recurring financial income`75`	2,153	2,092	2,040	1,831	1,455	1,517	1,575	6,911	9,519	15,048	9	19	20	100	6,115	5,314	2,777	-	-	-
Financial charges`65/66B`	190	171	177	1,077	678	603	421	764	3,449	1,556	2,339	1,241	1,034	1,431	635	1,477	1,306	133	48	-
Recurring financial charges`65`	190	171	177	1,077	678	603	421	764	3,449	1,556	2,339	1,241	1,034	1,431	635	1,477	1,306	133	48	-
Profit (loss) for the period before taxes`9903`	-9,425	-5,157	-4,089	34,649	-405	-8,044	-18,045	-10,291	-1,467	-2,762	6,684	12,314	29,692	31,262	-52,226	54,897	151,653	147,723	12,772	-
Income taxes`67/77`	-	-	-	449	-	-	-	-	-	-	1,187	1,874	829	86	1,191	14,806	77,877	33,600	-	-
Profit (loss) for the period`9904`	-9,425	-5,157	-4,089	34,200	-405	-8,044	-18,045	-10,291	-1,467	-2,762	5,497	10,440	28,863	31,176	-53,417	40,091	73,776	114,123	12,772	-
Profit (loss) for the period to be appropriated`9905`	-9,425	-5,157	-4,089	34,200	-405	-8,044	-18,045	-10,291	-1,467	-2,762	5,497	10,440	28,863	31,176	-53,417	40,091	73,776	114,123	12,772	-
Appropriation of the result
Profit (loss) to be appropriated`9906`	-9,425	-5,157	-4,089	34,200	-405	-8,044	-18,045	-10,291	-1,467	250,366	253,128	247,631	237,192	208,329	177,153	230,570	190,479	116,703	7,580	-5,192
Transfer from equity`791/2`	9,425	5,157	4,089	-	405	8,044	18,045	10,291	1,467	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	34,200	-	-	-	-	-	72,588	-	-	-	-	-	-	-	-	5,000	-
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	-
To other reserves`6921`	-	-	-	34,200	-	-	-	-	-	72,588	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	177,778	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	177,778	-	-	-	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	1	0.1	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	1,900	122	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00470333	PDF
31-12-2024	micro format	31-08-2025	2025-00454886	PDF
31-12-2023	micro format	30-08-2024	2024-00410118	PDF
31-12-2022	micro format	31-08-2023	2023-00393738	PDF
31-12-2021	micro format	31-08-2022	2022-20390771	PDF
31-12-2020	micro format	31-08-2021	2021-64900355	PDF
31-12-2019	micro format	30-10-2020	2020-68000012	PDF
31-12-2018	micro format	31-08-2019	2019-60800244	PDF
31-12-2017	micro format	28-09-2018	2018-66100023	PDF
31-12-2016	micro format	29-09-2017	2017-64400451	PDF
31-12-2015	full format	01-08-2016	2016-39300462	PDF
31-12-2014	full format	19-08-2015	2015-44000408	PDF
31-12-2013	full format	22-07-2014	2014-33500287	PDF
31-12-2012	full format	11-07-2013	2013-29100542	PDF
31-12-2011	full format	31-08-2012	2012-53000045	PDF
31-12-2010	full format	24-08-2011	2011-45000448	PDF
31-12-2009	full format	07-09-2011	2011-53900410	PDF
31-12-2008	full format	31-08-2009	2009-69500177	PDF
31-12-2007	full format	29-08-2008	2008-71800236	PDF
31-12-2006	full format	11-07-2007	2007-40000395	PDF
31-12-2005	full format	28-09-2006	2006-82604484	PDF
31-12-2004	full format	21-09-2005	2005-68600204	PDF
31-12-2003	full format	30-07-2004	2004-54800016	PDF
31-12-2002	full format	01-08-2003	2003-52600177	PDF
31-12-2001	full format	21-10-2002	2002-66800133	PDF
31-12-2000	full format	27-02-2002	2002-05200053	PDF
31-12-1999	full format	29-12-2000	2000-77500206	PDF
31-12-1998	full format	11-08-2000	2000-50600091	PDF
31-12-1997	full format	30-10-1998	1998-55503330	PDF
31-12-1996	full format	29-08-1997	1997-40800611	PDF
31-12-1995	full format	30-08-1996	1996-42500064	PDF
31-12-1994	full format	26-07-1995	1995-42900154	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	-	-	-7,071	-15,789	9,479	13,667	31,659	33,659	-54,622	53,970	152,922	149,719	-	-
Cash flow	-	-	-	-	-	-	-	-	-1,001	-2,297	5,962	10,572	29,816	32,242	-50,673	42,701	76,516	115,986	-	-
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	-	0	0	1,396	0	0	0	1,511	999	4,808	1,200	-	-
Change in cash	3,133	-8,766	-10,911	11,690	4,182	-6,209	-18,179	-61,308	29,581	14,823	18,550	-48,726	-18,424	-22,386	-111,113	51,811	138,492	36,442	667	-
Working capital	61,061	70,486	75,643	79,732	45,532	45,937	53,981	72,026	82,318	83,319	263,394	258,828	248,257	218,442	186,199	240,472	206,396	124,819	10,033	787
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	32.0%	-	-	-	-	20.6%	-
Solvency	91.5%	93.9%	95.7%	90.5%	84.1%	80.9%	90.2%	89.6%	55.0%	57.8%	87.9%	95.3%	95.2%	92.6%	86.7%	78.9%	73.5%	70.2%	84.3%	-
Current ratio	11.72	16.29	23.20	10.54	6.29	5.22	10.18	9.64	2.22	2.36	8.26	21.27	20.67	13.50	7.45	4.86	4.28	3.30	4.92	-
Debt to equity	0.09	0.07	0.05	0.10	0.19	0.24	0.11	0.12	0.82	0.73	0.14	0.05	0.05	0.08	0.15	0.27	0.36	0.42	0.19	-
ROE	-15.4%	-7.3%	-5.4%	42.9%	-0.9%	-17.5%	-33.4%	-14.3%	-1.8%	-3.3%	2.1%	4.0%	11.6%	14.2%	-28.4%	16.6%	36.6%	89.2%	92.7%	-
ROA	-14.1%	-6.9%	-5.2%	38.8%	-0.7%	-14.2%	-30.1%	-12.8%	-1.0%	-1.9%	1.8%	3.8%	11.1%	13.2%	-24.6%	13.1%	26.9%	62.7%	78.2%	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	114 days	-	-	-	-	58 days	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	40 days	-	-	-	-	3 days	-

SMART CONCEPT

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency91.5%

Current ratio11.72

Return on assets-14.1%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Insights on SMART CONCEPT

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