Smart Ends
ActiveSmart Ends has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €626k and a net result of €228k. Equity is growing by ~56.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 16941 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+9
Solvency49▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.69 in 2024; short-term debt: 68.9% and cash: 2.7% of total assets), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 62
lower
← 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
23.6%
Return on assets
8.6%
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 23% of 16941 sector peers (2025).
NBB · sector comparisonPosition among 16941 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
21 d early
2024
6 d early
2023
299 d late
2022
31 d late
2021
2 d early
2020
38 d early
2019
53 d early
← 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, micro schema
Equity
€626k▲ 57.4%
2024 · €397k
2018: €-36k
2019: €89k
2020: €45k
2021: €191k
2022: €291k
2023: €71k
2024: €397k
2018 → 2025
Total assets
€2.65M▲ 65.3%
2024 · €1.60M
2018: €81k
2019: €211k
2020: €554k
2021: €1.06M
2022: €1.60M
2023: €1.24M
2024: €1.60M
2018 → 2025
Net result
€228k▲ 42.8%
2024 · €160k
2018: €-55k
2019: €17k
2020: €-183k
2021: €146k
2022: €100k
2023: €-219k
2024: €160k
2018 → 2025
Working capital
€433k▼ 26.6%
2024 · €590k
2018: €-39k
2019: €186k
2020: €249k
2021: €657k
2022: €1.23M
2023: €274k
2024: €590k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€291k▲ 52.2%€71k▼ 75.5%€397k▲ 458%€626k▲ 57.4%
Operating result€158k-€114k▼ 27.4%€-206k€226k€267k▲ 17.7%
Net result€146k-€100k▼ 31.6%€-219k€160k€228k▲ 42.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.65M
Fixed assets
€393k▲ 137%
Current assets
€2.26M▲ 57.1%
Equity and liabilities €2.65M
Equity
€626k▲ 57.4%
Debt
€2.03M▲ 67.9%
The debt ratio rises from 75.2% to 76.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€321k▲
2024 · €259k
Cash flow
€283k▲
2024 · €192k
Solvency
23.6%▼
2024 · 24.8%
Current ratio
1.24▼
2024 · 1.69
Quick ratio
1.07▼
2024 · 1.12
Debt / equity
3.24▲
2024 · 3.04
ROE
36.5%▼
2024 · 40.2%
ROA
8.6%▼
2024 · 10.0%
Interest coverage
5.09▲
2024 · 3.87
Debt
€2.03M▲
2024 · €1.21M
Debt ≤ 1 year
€1.83M▲
2024 · €849k
Debt > 1 year
€200k▼
2024 · €339k
Staff costs
€79k▼
2024 · €108k
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€1.60M€2.65M▲
Fixed assets21/28€166k€393k▲
Intangible fixed assets21€164k€391k▲
Tangible fixed assets22/27€0-
Plant, machinery and equipment23€0-
Financial fixed assets28€2k€2k=
Current assets29/58€1.44M€2.26M▲
Stocks and contracts in progress3€486k€312k▼
Stocks30/36€486k€312k▼
Amounts receivable within one year40/41€931k€1.88M▲
Trade receivables40€925k€1.87M▲
Other amounts receivable41€7k€10k▲
Cash at bank and in hand54/58€22k€73k▲
Deferred charges and accrued income490/1€60€0▼
Equity and liabilities
Total equity and liabilities10/49€1.60M€2.65M▲
Equity10/15€397k€626k▲
Contributions10/11€266k€266k=
Reserves13€131k€360k▲
Distributable reserves133€131k€360k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€1.21M€2.03M▲
Amounts payable after more than one year17€339k€200k▼
Financial debts170/4€339k€200k▼
Amounts payable within one year42/48€849k€1.83M▲
Current portion of amounts payable after more than one year42€255k€144k▼
Financial debts43€228k€225k▼
Credit institutions430/8€228k€225k▼
Trade debts44€331k€1.43M▲
Suppliers440/4€331k€1.43M▲
Taxes, remuneration and social security45€34k€25k▼
Taxes450/3€13k€14k▲
Remuneration and social security454/9€22k€10k▼
Other amounts payable47/48€554€581▲
Accrued charges and deferred income492/3€20k€0▼
Income statement
Code20242025
Non-recurring operating income76A€0€24k▲
Remuneration, social security and pensions62€108k€79k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€55k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€3k€0▼
Gross operating margin9900€371k€402k▲
Operating profit (loss)9901€226k€267k▲
Financial income75/76B€268€25k▲
Recurring financial income75€268€25k▲
Financial charges65/66B€67k€63k▼
Recurring financial charges65€67k€63k▼
Profit (loss) for the period before taxes9903€160k€228k▲
Profit (loss) for the period9904€160k€228k▲
Profit (loss) for the period to be appropriated9905€160k€228k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€228k▲
Profit (loss) brought forward from the previous period14P€-28k€0▲
Transfer to equity691/2€131k€228k▲
To other reserves6921€131k€228k▲
The notes to these accounts (15 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-03
State Gazette act
Capital & sharesGeneral meeting · Capital increase · Bank account6 facts ▸
State Gazette act
Capital & shares
General meeting · Capital increase · Bank account6 facts ▸
- General meeting, 16 maart 2026
- Capital increase, €226.272,87
- Capital increase, €105.000
- Bank account, 2 februari 2026
- Capital, €597.276,87
- Statutes amendment
2025
31-12
Financial
Highest result since 2018net €228k ▲42.8%
Operating result €267k, net result €228k, both a record.
31-12
Financial
Equity above €500kEq €626k ▲57.4%
2 profitable years in a row build equity to €626k.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 299 days late
2024
31-12
Financial
Back to profitnet €160k
Net result €160k after one loss-making year.
31-12
Financial
Equity above €200kEq €397k ▲458%
Equity rises from €71k to €397k.
2023
31-12
Financial
Weakest financial yearnet €-219k ▼320%
Net result drops to €-219k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Equity above €200kEq €291k ▲52.2%
2 profitable years in a row build equity to €291k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €146k
Net result €146k after one loss-making year.
31-12
Financial
Equity above €150kEq €191k ▲324%
Equity rises from €45k to €191k.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
31-12
Financial
Liquidity times 14current ratio 9.61
Current ratio from 0.66 to 9.61; short-term debt falls from €117k to €22k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 2 establishment units since 2017
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.
Jules de Saint-Genoisstraat 1239050 GentGround area
2,301 m²
Building footprint
163 m²
Volume, LiDAR
1,513 m³
2 parcels, Flanders · tallest building 11.9 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Smart Ends
since 20172.268.314.613
Smart Ends
since 20182.310.303.141
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0663/00F002 | Flanders | 2,156 m² | 1 · 95 m² | 11.8 m · 4 fl. |
| 44363B0419/00S005 | Flanders | 145 m² | 1 · 68 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Capital and shareholders
Capital increase of 226,272.87 EUR · 481 new shares
Capital increase of 105,000 EUR · 156 new shares
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 8,099 EUR awarded · 8,099 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,024 EUR | 4,024 EUR |
| 2022 | 1 | 4,075 EUR | 4,075 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 16,869 companies in sector 62100 we hold annual accounts for 8,779. 5,103 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-03-2017
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.