Result
From profit to loss in 2025, after a profit of €53,390 in 2024.
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From profit to loss in 2025, after a profit of €53,390 in 2024.
Short-term debts fell from €51,688 to €15,335.
Lower net result than 88% of companies in office administrative support. Sector median €20,911 · 2,833 companies.
In July 2024, 3,440 companies had the same profile as Smart Construct has now. Each dot stands for 9 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for Smart Construct. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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| Company | ||||
|---|---|---|---|---|
| Smart Construct Roeselare | €381,735 | -€42,968 | 95.5% | 0 |
| OPS CONSULT Lochristi | €457,206 | -€39,960 | 57.3% | 0 |
| TOERISME & HOTEL Ostend | €549,139 | -€17,518 | 51.3% | 0 |
| EVENTNATIE Antwerp | €311,703 | -€41,791 | 38.9% | 0 |
| VENTREC Hoogstraten | €749,864 | -€93,283 | -43.0% | 0 |
| VTP Beerse | €770,687 | -€11,592 | 39.6% | 0 |
| Hymont Capital Grimbergen | €492,265 | -€47,157 | 58.5% | 0 |
These companies have the same main activity as Smart Construct: other business support services (NACE 82990). They are comparable in size and age: total assets between €312,000 and €771,000, founded between 2013 and 2022.
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Smart Construct files the abbreviated format. That format states no turnover. The gross margin fell from €350,232 in 2019 to -€42,968 in 2025.
holds all the shares.
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Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Higher than 94% of 2,831 companies in 2025.
Higher than 95% of 2,720 companies in 2025.
Higher than 10% of 2,778 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
381,735 | 448,734 | 465,238 | 427,172 | 456,097 | 437,805 | 399,573 | |
21/28 |
4,816 | 12,009 | 32,849 | 47,018 | 48,468 | 36,808 | 6,723 | |
21 |
958 | 1,338 | 1,718 | - | - | - | - | |
22/27 |
3,858 | 10,672 | 25,852 | 41,538 | 41,638 | 4,978 | 6,723 | |
24 |
3,225 | 8,741 | 22,463 | 40,820 | 40,628 | 3,675 | 6,723 | |
26 |
632 | 1,931 | 3,389 | 718 | 1,010 | 1,303 | - | |
28 |
- | 0 | 5,280 | 5,480 | 6,830 | 31,830 | - | |
29/58 |
376,919 | 436,725 | 432,389 | 380,154 | 407,629 | 400,997 | 392,850 | |
29 |
- | - | - | - | - | 69,497 | - | |
291 |
- | - | - | - | - | 69,497 | - | |
40/41 |
365,860 | 306,929 | 198,788 | 280,693 | 203,176 | 168,646 | 297,672 | |
40 |
1,630 | 4,383 | 104,213 | 185,151 | 195,559 | 164,986 | 275,138 | |
41 |
364,230 | 302,546 | 94,575 | 95,542 | 7,617 | 3,660 | 22,534 | |
50/53 |
- | - | - | - | - | - | 89,385 | |
54/58 |
10,670 | 129,535 | 231,312 | 98,116 | 166,013 | 157,662 | - | |
490/1 |
389 | 261 | 2,288 | 1,345 | 38,440 | 5,192 | 5,793 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
381,735 | 448,734 | 465,238 | 427,172 | 456,097 | 437,805 | 399,573 | |
10/15 |
364,650 | 394,850 | 341,460 | 270,399 | 229,977 | 191,979 | 121,823 | |
10/11 |
18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,550 | |
101 |
- | - | - | - | - | - | 12,350 | |
13 |
346,100 | 376,300 | 322,910 | 251,849 | 211,427 | - | - | |
133 |
346,100 | 376,300 | 322,910 | 251,849 | 211,427 | - | - | |
14 |
- | - | - | - | - | 185,779 | 115,623 | |
17/49 |
17,085 | 53,884 | 123,778 | 156,773 | 226,120 | 245,826 | 277,750 | |
42/48 |
15,335 | 51,688 | 121,490 | 156,773 | 208,202 | 245,826 | 277,460 | |
43 |
- | - | 0 | 5,008 | 13,356 | 69,688 | 75,000 | |
430/8 |
- | - | 0 | 5,008 | 13,356 | 69,688 | 75,000 | |
44 |
864 | 5,833 | 27,457 | 47,621 | 86,200 | 65,431 | 59,829 | |
440/4 |
864 | 5,833 | 27,457 | 47,621 | 86,200 | 65,431 | 59,829 | |
45 |
12,920 | 45,854 | 94,034 | 104,143 | 108,645 | 110,708 | 108,078 | |
450/3 |
12,920 | 45,854 | 60,031 | 29,311 | 31,215 | 85,147 | 16,554 | |
454/9 |
- | 0 | 34,002 | 74,832 | 77,430 | 25,561 | 91,524 | |
47/48 |
1,551 | - | - | - | - | - | 34,553 | |
492/3 |
1,750 | 2,196 | 2,288 | 0 | 17,918 | - | 290 | |
| Income statement | ||||||||
76A |
0 | 70,423 | 37,582 | - | - | - | - | |
9900 |
-42,968 | 207,957 | 567,467 | 632,070 | 108,772 | 146,852 | 350,232 | |
62 |
0 | 142,296 | 437,820 | 530,192 | 7,574 | 32,784 | 146,726 | |
630 |
7,194 | 12,909 | 20,040 | 26,180 | 11,144 | 3,207 | 7,490 | |
631/4 |
- | 0 | -36,999 | 0 | 36,999 | - | - | |
640/8 |
537 | 1,169 | 39,668 | 3,285 | 4,654 | 5,956 | 15,160 | |
66A |
- | 0 | 2,586 | - | - | - | - | |
9901 |
-50,699 | 51,583 | 104,352 | 72,414 | 48,401 | 104,905 | 180,855 | |
75/76B |
20,920 | 14,078 | 6,718 | 1,742 | 2,556 | 6,820 | 107 | |
75 |
20,920 | 14,078 | 6,718 | 1,742 | 2,556 | 6,820 | 107 | |
65/66B |
501 | 566 | 481 | 935 | 2,925 | 4,768 | 9,269 | |
65 |
501 | 566 | 481 | 935 | 2,925 | 4,768 | 9,269 | |
9903 |
-30,280 | 65,095 | 110,589 | 73,222 | 48,031 | 106,956 | 171,692 | |
67/77 |
-80 | 11,704 | 39,528 | 32,800 | 22,383 | 36,801 | 56,069 | |
9904 |
-30,200 | 53,390 | 71,060 | 40,422 | 25,649 | 70,155 | 115,623 | |
9905 |
-30,200 | 53,390 | 71,060 | 40,422 | 25,649 | 70,155 | 115,623 | |
| Appropriation of the result | ||||||||
9906 |
-30,200 | 53,390 | 71,060 | 40,422 | 211,427 | 185,779 | 115,623 | |
14P |
- | - | - | 0 | 185,779 | - | - | |
791/2 |
30,200 | - | - | - | - | - | - | |
691/2 |
0 | 53,390 | 71,060 | 40,422 | 211,427 | - | - | |
6921 |
0 | 53,390 | 71,060 | 40,422 | 211,427 | - | - | |
| Social balance sheet | ||||||||
9087 |
0 | 2.1 | 7.9 | 9.5 | 10.4 | 13.2 | 12 | |
Hours worked1013 |
- | 3,630 | 11,864 | 15,690 | 16,021 | 16,751 | 23,437 | |
| Document | ||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00236711 | |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00286615 | |
| 31-12-2023 | abbreviated format | 11-07-2024 | 2024-00240468 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00299754 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20100191 | |
| 31-12-2020 | abbreviated format | 15-07-2021 | 2021-36100245 | |
| 31-12-2019 | abbreviated format | 28-08-2020 | 2020-46700044 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | -€9,996 | €0 |
| 2023 | 1 | €9,996 | €0 |
| 2022 | 2 | €1,449 | €1,449 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| -43,505 | 64,492 | 124,392 | 98,594 | 59,545 | 108,112 | 188,345 | ||
| -23,006 | 66,299 | 91,100 | 66,602 | 36,793 | 73,362 | 123,114 | ||
| 0 | 1,855 | 21,153 | 26,079 | 47,804 | 33,292 | 11,785 | ||
| -118,865 | -101,777 | 133,196 | -67,897 | 8,350 | - | - | ||
| 361,585 | 385,037 | 310,898 | 223,382 | 199,427 | 155,171 | 115,390 | ||
| 95.5% | 88.0% | 73.4% | 63.3% | 50.4% | 43.9% | 30.5% | ||
| 24.58 | 8.45 | 3.56 | 2.42 | 1.96 | 1.63 | 1.42 | ||
| 0.05 | 0.14 | 0.36 | 0.58 | 0.98 | 1.28 | 2.28 | ||
| -8.3% | 13.5% | 20.8% | 14.9% | 11.2% | 36.5% | 94.9% | ||
| -7.9% | 11.9% | 15.3% | 9.5% | 5.6% | 16.0% | 28.9% | ||
| -86.86 | over 100 | over 100 | over 100 | 20.36 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 6 | 9 | 11 |
| full-time | - | 6 | 8 | 10 |
| part-time | - | 0 | 1 | 1 |
| in full-time equivalents | - | 6 | 8.6 | 10.6 |
| 2.1 | 7.9 | 9.5 | 10.4 | |
| On a permanent contract | - | 6 | 9 | 11 |
| Joined | 1 | 1 | 3 | 7 |
| Left | 7 | 4 | 5 | 6 |
| Training hours | - | - | 84 | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1,855 | €13,973 | €26,079 | €47,804 |
| Intangible fixed assets | - | - | €1,900 | - | - |
| Financial fixed assets | - | - | €5,280 | - | - |
| €7,194 | €12,909 | €20,040 | €26,180 | €11,144 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €50,699, after a profit of €51,583 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total falls from 12.0% to 4.5%. Equity and debt are lower.
Deed of 24-11-2025Reappointment: Moore Audit BV (statutory auditor)Permanent representative: · General meeting of 17-06-2025
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Further up the chain 100% 100%
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Source: parent in its own accounts, lists of holdings in the owners' accounts
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Source: list of holdings in the 2025 accounts of . Every holding stands with its own latest accounts.
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| Full House
registered office since 05-04-2012 · founded in 2012 · group |
109 FTE (2025) 0844.697.774 |
| SMART FINANCE
registered office since 24-05-2016 · founded in 2016 · group |
38 FTE (2025) 0654.944.592 |
| Smart Services
registered office since 22-10-2018 · founded in 2018 · group |
total assets €87,709 (2025) 0711.961.687 |
via , at Smart Construct, last mentioned in 2018 · Director · deed of 28-09-2022 founded in 2021 · negative equity (2025) |
11 FTE (2025) |
via , at Smart Construct, last mentioned in 2018 · Director (not named in the articles) · deed of 17-02-2022 founded in 2020 · negative equity (2025) |
total assets €504,897 (2025) |
via , at Smart Construct, last mentioned in 2018 · Director · deed of 08-10-2024 founded in 2011 |
total assets €1.4m (2025) |
via , at Smart Construct, last mentioned in 2018 · Director · deed of 19-07-2021 founded in 2021 |
total assets €1.3m (2025) |
via , at Smart Construct, last mentioned in 2018 · Director (not named in the articles) · deed of 03-01-2023 founded in 2022 |
total assets €94,742 (2025) |
via , at Smart Construct, last mentioned in 2018 · Director (not named in the articles) · deed of 26-01-2023 founded in 2023 |
total assets €58,747 (2025) |
via , at Smart Construct, last mentioned in 2018 · Director · deed of 24-10-2022 No longer active |
total assets €100,626 (2024) |
via (at Smart Construct until 2023), (no longer at ) and 2 others · Director · deeds of 09-04-2024 and 30-06-2021 No longer active |
total assets €37,131 (2025) |
via , at Smart Construct, last mentioned in 2018 · Director (not named in the articles) · deed of 09-09-2021 No longer active |
total assets €11,609 (2024) |
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Deadline for the 2026 accounts: 31-07-2027
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Smart Construct was incorporated on 10 January 2018 by and one natural person, with a starting capital of €18,550.12 The registered office was moved to Roeselare in 2018.3 Since 2025 the company has been called Smart Construct.4 The board currently has 2 members.5 Total assets went from €399,573 in 2019 to €381,735 in 2025 and headcount from 12 full-time equivalents in 2019 to 2.1 in 2024.6
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| Establishment | Since | Unit number |
|---|---|---|
| Nelekouter 79 registered office 8800 Roeselare 4322101 Plumbing work | 10-01-2018 | 2.271.965.375 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36505C1171/00F000 | 2.1 ha | 1 · 534 m² | 35.5 m |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0687.736.037
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