SMART ENERGY EUROPE
ActiveSummary
SMART ENERGY EUROPE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €422k and a net result of €-69k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 384 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
70
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+1
Solvency48▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.05 against 14.54 in 2024; short-term debt: 11% and cash: 50.6% of total assets), but 77.4% 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 94
Relative position
BE, all sectors
reference
Sector 94
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year €-69k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 384 sector peers (2025).
NBB · sector comparisonPosition among 384 sector peers
Solvency
better than 16%
← 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 10-04-2026, 112 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
112 d early
2024
7 d early
2023
84 d early
2022
31 d early
2021
53 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-69k▲ 38.1%
2024 · €-111k
2021: €162k
2022: €2k
2023: €86k
2024: €-111k
2021 → 2025
Working capital
€1.66M▼ 25.1%
2024 · €2.21M
2021: €1.54M
2022: €1.55M
2023: €1.72M
2024: €2.21M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€514k-€516k▲ 0.3%€602k▲ 16.6%€491k▼ 18.5%€422k▼ 14.0%
Operating result€164k-€4k▼ 97.7%€86k▲ 2,148%€-112k€-67k▲ 40.2%
Net result€162k-€2k▼ 98.9%€86k▲ 4,849%€-111k€-69k▲ 38.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €67k in 2025 against €112k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.87M
Fixed assets
€901 ▼ 25.2%
Current assets
€1.86M ▼ 21.6%
Equity and liabilities €1.87M
Equity
€422k ▼ 14.0%
Debt
€1.44M ▼ 23.5%
Debt's share of the balance-sheet total falls from 79.4% to 77.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-66k▲
2024 · €-111k
Cash flow
€-68k▲
2024 · €-110k
Current ratio
9.05▼
2024 · 14.54
Debt to equity
3.42▼
2024 · 3.85
ROE
-16.3%▲
2024 · -22.7%
ROA
-3.7%▲
2024 · -4.7%
Interest coverage
-40.27▲
2024 · -43.46
Debt ≤ 1 year
€206k▲
2024 · €163k
Staff costs
€1.02M▲
2024 · €865k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.38M€1.87M▼
Fixed assets21/28€1k€901▼
Tangible fixed assets22/27€1k€451▼
Plant, machinery and equipment23€1k€451▼
Financial fixed assets28-€450
Current assets29/58€2.38M€1.86M▼
Amounts receivable within one year40/41€1.25M€906k▼
Trade receivables40€600k€540k▼
Other amounts receivable41€653k€366k▼
Cash at bank and in hand54/58€1.12M€944k▼
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€2.38M€1.87M▼
Equity10/15€491k€422k▼
Reserves13€491k€422k▼
Amounts payable17/49€1.89M€1.44M▼
Amounts payable within one year42/48€163k€206k▲
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€17k€23k▲
Suppliers440/4€17k€23k▲
Taxes, remuneration and social security45€146k€177k▲
Taxes450/3€33k€53k▲
Remuneration and social security454/9€113k€124k▲
Accrued charges and deferred income492/3€1.72M€1.24M▼
Income statement
Code20242025
Remuneration, social security and pensions62€865k€1.02M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€754▼
Other operating charges640/8€3k€16k▲
Non-recurring operating charges66A-€64k
Gross operating margin9900€757k€1.03M▲
Operating profit (loss)9901€-112k€-67k▲
Financial income75/76B€4k€2▼
Recurring financial income75€4k€2▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-111k€-69k▲
Profit (loss) for the period9904€-111k€-69k▲
Profit (loss) for the period to be appropriated9905€-111k€-69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€-69k▼
Profit (loss) brought forward from the previous period14P€123k€0▼
From contributions791-€69k
To contributions691€12k€0▼
Social balance
Average headcount (FTE)90879.3-
The notes to these accounts (6 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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-111k ▼230%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2015
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.
Wetenschapsstraat 14A1040 BrusselGround area
3,766 m²
Building footprint
2,489 m²
Volume, LiDAR
58,202 m³
2 parcels, Brussels · tallest building 34.8 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
SMART ENERGY DEMAND COALITION
since 20152.239.331.607
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0296/00N000 ProtectedMonumentNeoclassicistische huizen gelegen weerszijden van de Sint-Jozefkerk |
Brussels | 1,962 m² | 1 · 680 m² | 29.6 m · 8 fl. |
| 21805E0405/00G000indicative | Brussels | 1,804 m² | 1 · 1,809 m² | 34.8 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
2 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
European Union, budget
2021 to 2025 · 12 entries · 1,873,711 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 2 | 114,303 EUR |
| 2024 | 4 | 845,562 EUR |
| 2023 | 2 | 281,377 EUR |
| 2022 | 2 | 251,749 EUR |
| 2021 | 2 | 380,721 EUR |
Projects
V2MARKET - VALORISING ENERGY EFFICIENCY AND FLEXIBILITY AT DEMAND-SIDE USING VEHICLE TO GRID (V2G) AND VEHICLE TO BUILDING (V2B) TECHNOLOGY
CELINE - CROSS-SECTORIAL INTEGRATED DIGITAL SERVICES ENABLING ENERGY LOCALIZED INNOVATION AND COMMUNITY EMPOWERMENT
DR-RISE - DEMAND RESPONSE - RESIDENTIAL INNOVATION FOR A SUSTAINABLE ENERGY SYSTEM
DECODIT - DIGITALLY EMPOWERING CITIZENS TO DELIVER THE TWIN TRANSITION
FEDECOM - FEDERATED -SYSTEM OF SYSTEMS- APPROACH FOR FLEXIBLE AND INTEROPERABLE ENERGY COMMUNITIES
Show 3 more projects
INTELLIGENT - INTEROPERABLE TOOLS FOR NETWORK-AWARE, LEDGER-BASED LOCAL ENERGY SHARING AND FLEXIBILITY MANAGEMENT LEVERAGING USER ENGAGEMENT
ENHANCE COLLABORATION BETWEEN INDUSTRY AND HEAT PUMP STAKEHOLDERS
INTEGRATED NETWORK FOR DATA SPACE AND INTEROPERABLE ENERGY MANAGEMENT IN EUROPE
European research
7 projects · 1,899,914 EUR EU contributionProgrammes
Horizon Europe
Horizon 2020
Projects
VALORISING ENERGY EFFICIENCY AND FLEXIBILITY AT DEMAND-SIDE USING VEHICLE TO GRID (V2G) AND VEHICLE TO BUILDING (V2B) TECHNOLOGY
Cross-sectorial integrated digital services Enabling energy Localized InnovatioN and community Empowerment
Demand Response - Residential Innovation for a Sustainable Energy system
Digitally empowering citizens to deliver the twin transition
FEDErated -system of systems- approach for flexible and interoperable energy COMmunities
Show 2 more projects
INteroperable Tools for nEtwork-aware, Ledger-based Local energy sharIng and flexibility manaGEment leveraging user engagemeNT
Intelligent interconnection of prosumers in positive energy communities with twins of things for digital energy markets
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Of 1,256 companies in sector 94110 we hold annual accounts for 579. 453 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded13-11-2014
Fiscal year end31-12
Abbreviation FR
smartEn
Activities, NACEBEL 2025
73300Public relations and communication consultancy
94110Activities of business and employers' organisations
82300Organisation of conventions and trade shows
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0489 187650