Equity
€1.8m ▲ 20.4%
SMART ENERGY has made a profit in every financial year since 2019.
SMART ENERGY
Lifetime
7 annual accounts with figures on one time axispeak €728,219 (2023)
€653,792▲ 0.9%
peak €431,082 (2021)
€306,442▲ 6.7%
peak €1.8m (2025)
€1.8m▲ 20.4%
€129,859▼ 66.0%
Board6 names since 2018
1 directorFrédéric Thibaut de Maisières
Owners
100%GO4GREEN
Documentsfilings and deeds
25-08-202625 days late
2025financial year
Equity from €1.5m to €1.8mDebts from €382,397 to €129,859Cash from €207,201 to €540,551
Key points
from the 2025 annual accountsTurnover
≈ €1.5m estimated
The accounts state no turnover.
Liquidity
6.62 was 1.50 in 2024
Short-term debts fell from €382,397 to €129,859.
Filings
7 annual accounts 6 late
The 2023 accounts came latest: 58 days after the end of the period.
At the same address
122 companies
Position in the sector
93.3%
Higher solvency than 95% of companies in electricity, gas and steam. Sector median 28.1% · 352 companies.
Checked score
98
Excellent
Financially stronger than 83% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 542 companies (NACE 35, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.2%▲ +0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%▼ -0.1 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 25 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 6.62, cash €540,551
Size: total assets €1.9m
Equity €1.8m (93.3% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 35, micro). It does better than 88% of them on solvency, 80% on liquidity, 86% on profitability and 79% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as SMART ENERGY has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of SMART ENERGY itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,782 companies, not a prediction for SMART ENERGY. 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.
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.62 (1.5 in 2024), above the usual 1.5. Short-term debt is 6.7% and cash 27.9% of total assets. 6.7% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
25 days late
2024
26 days late
2023
58 days late
2022
33 days early
2021
31 days late
2020
31 days late
2019
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days after the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director appointed, 2 resignations
Resignations: BDH-Gestion (managing director) and AlterElectra (managing director) · Appointment: Frédéric Thibaut de Maisières (sole director) · Director discharge: BDH-Gestion · General meeting of 06-06-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0716631050
Amendment of the articles
General meeting of 22-12-2023 · Gazette deed
Registered office moved from Watermael-Boistfort to Evere
Transfer of shares to GO4GREEN SA · New registered office: rue Colonel Bourg 127, 1140 EVERE · Previous registered office: Rue des Pêcheries 83 boite 21 à 1170 WATERMAEL-BOISTFORT · General meeting of 30-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SMART ENERGY Evere | €1.9m | €0.7m | 93.3% | - |
| easyPV Woluwe-Saint-Pierre | €2.0m | €0.4m | 15.8% | 0 |
| AGRO ENERGY SERVICES Halle | €1.9m | €0.6m | 14.7% | - |
| VDH DEV Houyet | €1.9m | €1.4m | 94.6% | - |
| MARCHÔVENT Fernelmont | €3.1m | €0.5m | 19.8% | - |
| EOLIENNE DE CHIMAY Tellin | €3.1m | €0.3m | 24.5% | - |
| ENERDEAL SOLAR INVEST Brussels | €1.2m | €0.3m | 16.0% | - |
These companies have the same main activity as SMART ENERGY: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €1.2m and €3.1m, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 19-12-2018Normal situation
- Registered office
- 124 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Production of electricity from non-renewable sourcesNACE 35110and 1 other
- Establishment unit
- 2.310.975.8071140 Evere, since 19-12-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 28-02-2025
Insights on SMART ENERGY
SMART ENERGY has existed since 2018. The present size dates from 2020. The gross margin rose that year from €56,233 to €384,141.
Solvency rose in 2025 from 79.7% to 93.3% because of the retained profit and lower debts.
GO4GREEN holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SMART ENERGY
- What is the company number of SMART ENERGY?
- The company number of SMART ENERGY is 0716.631.050. The VAT number is the same number with BE in front: BE 0716.631.050.
- Where is SMART ENERGY based?
- The registered office is at Kolonel Bourgstraat 127, 1140 Evere.Company details
- What does SMART ENERGY do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of SMART ENERGY?
- SMART ENERGY is a public limited company (NV).
- When was SMART ENERGY founded?
- SMART ENERGY was founded on 19-12-2018.
- Is SMART ENERGY still active?
- Yes, SMART ENERGY is an active enterprise in the KBO register.
- What is the turnover of SMART ENERGY?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €653,792 and 2,275 comparable companies of the same size. It probably lies between €930,000 and €2.6m. It is a rough estimate.Financials
- Is SMART ENERGY profitable?
- In financial year 2025, SMART ENERGY made a profit of €306,442.
- Where can I find the annual accounts of SMART ENERGY?
- SMART ENERGY filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SMART ENERGY due?
- SMART ENERGY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.