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SMART ENERGY

Active Public limited companyfounded 2018active for 7 yearsKolonel Bourgstraat 127, 1140 EvereKBO/BCE: BE 0716.631.050 subsidiary of GO4GREEN
SMART ENERGY
Financial year 2025
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Annual accounts 2025

full format, filed on 25-08-2026, 25 days late
€653,792
▲ 0.9%
€419,864
▲ 0.4%
€306,442
▲ 6.7%
€729,628
▲ 283%
93.3%
▲ 13.6 percentage points
6.62
▲ 5.12

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.5m. Estimated: probably between €930,000 and €2.6m.

Balance sheet

balance sheet total €1.9m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

93.3%

Higher than 95% of 352 companies in 2025.

6.62

Higher than 91% of 341 companies in 2025.

15.8%

Higher than 91% of 343 companies in 2025.

SMART ENERGY Middle half of the sector 80% of the sector Full accounts in electricity, gas and steam (NACE 35)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 1.9m1.9m2.5m2.3m2.3m1.8m661,127
21/28 1.1m1.3m1.5m1.7m1.9m1.5m598,300
21 40,00050,00060,00070,00080,00090,000100,000
22/27 1.0m1.3m1.4m1.6m1.8m1.4m498,300
23 1.0m1.3m1.4m1.6m1.8m1.4m498,300
29/58 859,487573,0621.0m653,510445,948318,34262,827
40/41 318,797365,861480,420270,179250,649148,54162,827
40 318,797365,861480,420261,012250,649148,54158,790
41 ---9,167--4,037
54/58 540,551207,201542,258382,268191,625169,694-
490/1 139-5,4501,0633,674107-
Balance sheet: equity and liabilities
10/49 1.9m1.9m2.5m2.3m2.3m1.8m661,127
10/15 1.8m1.5m1.2m857,411671,314240,23184,440
10/11 62,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000--
100 62,00062,00062,00062,00062,00062,00062,000
13 6,2006,2006,2006,2006,2006,2001,130
130/1 6,2006,2006,2006,2006,2006,200-
130 6,2006,2006,2006,2006,2006,2001,130
14 1.7m1.4m1.1m789,211603,114172,03121,310
17/49 129,859382,3971.3m1.5m1.6m1.6m576,686
17 ---124,242455,570455,570-
170/4 ---124,242455,570455,570-
42/48 129,859382,3971.2m1.4m1.2m1.1m576,686
42 --128,365165,662-165,662-
43 1,658142,427810,000950,659950,000450,000494,896
430/8 ------494,896
439 1,658142,427810,000950,659950,000450,000-
44 1,7915,66873,99165,47942,010407,42771,490
440/4 1,7915,66873,99165,47942,010407,42771,490
45 126,410234,302214,810168,477195,16176,35110,300
450/3 126,410234,302214,810168,477195,16176,35110,300
492/3 --59,438-4--
Income statement
9900 653,792647,773728,219517,988722,755384,14156,233
630 232,929228,438223,276222,261186,139142,6611,468
640/8 998968960868348799348
9901 419,864418,368503,983294,859536,269240,68254,418
75/76B 4077,757-0--0
75 407--0--0
76B -7,757-----
65/66B 2,27820,70122,15743,9823,37032,88221,678
65 2,27820,70122,15743,9823,37032,88221,678
9903 417,994405,424481,825250,877532,899207,80032,740
67/77 111,552118,251125,79464,780101,81652,00910,300
9904 306,442287,173356,032186,097431,082155,79122,440
9905 306,442287,173356,032186,097431,082155,79122,440
Appropriation of the result
9906 1.7m1.4m1.1m789,211603,114177,10122,440
14P 1.4m1.1m789,211603,114172,031--
691/2 -----5,0701,130
6920 -----5,0701,130
Document PDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 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 25-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420269.

Financial year Type Filed Reference Document
31-12-2025 full format 25-08-2026 2026-00420269 PDF
31-12-2024 full format 26-08-2025 2025-00402934 PDF
31-12-2023 full format 27-09-2024 2024-00474697 PDF
31-12-2022 full format 28-06-2023 2023-00166996 PDF
31-12-2021 full format 31-08-2022 2022-20365265 PDF
31-12-2020 micro format 31-08-2021 2021-63000308 PDF
31-12-2019 full format 24-08-2020 2020-44200136 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
652,793646,805727,259517,120722,408383,34355,886
539,371515,611579,307408,359617,222298,45223,908
40778,69316,77532,570577,3511.0m598,300
333,350-335,057159,990190,64321,931--
729,628190,664-199,039-696,767-741,223-781,098-513,859
93.3%79.7%48.5%36.8%29.0%13.4%12.8%
6.621.500.840.480.380.290.11
0.070.251.061.722.456.476.83
17.0%19.1%29.3%21.7%64.2%64.9%26.6%
15.8%15.3%14.2%8.0%18.6%8.7%3.4%
over 10031.2532.8211.76over 100--

EBIT margin: not included in this filing.

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€78,693€16,775€32,570€577,351
€232,929€228,438€223,276€222,261€186,139

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on SMART ENERGY

The operating result for 2025 is 0% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 20.3% to 6.7%. Equity is higher and debt is lower.

Large changes and their cause
  • 2021 Net result +177% on 2020. The accounts now follow the full format, last year the micro format.

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