SMART ENERGY SYSTEMS
ActiveSMART ENERGY SYSTEMS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €649k and a net result of €232k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 474 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +17 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+83
Solvency100▲+2
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.5 against 3.53 in 2024), and 35.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
64.6%
Return on assets
23.1%
Age of the figures
8 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
18 d early
2024
29 d late
2023
26 d late
2022
4 d early
2021
13 d early
2020
39 d early
2019
14 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€649k▲ 14.8%
2024 · €565k
2018: €128k
2019: €259k
2020: €517k
2021: €583k
2022: €907k
2023: €1.05M
2024: €565k
2018 → 2025
Total assets
€1.00M▲ 6.9%
2024 · €939k
2018: €491k
2019: €705k
2020: €850k
2021: €1.09M
2022: €1.54M
2023: €1.50M
2024: €939k
2018 → 2025
Net result
€232k▲ 1,100%
2024 · €19k
2018: €20k
2019: €133k
2020: €260k
2021: €67k
2022: €439k
2023: €593k
2024: €19k
2018 → 2025
Working capital
€388k▲ 17.6%
2024 · €330k
2018: €-8k
2019: €113k
2020: €390k
2021: €409k
2022: €700k
2023: €879k
2024: €330k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€583k-€907k▲ 55.6%€1.05M▲ 15.3%€565k▼ 46.0%€649k▲ 14.8%
Operating result€84k-€562k▲ 569%€793k▲ 41.1%€32k▼ 95.9%€309k▲ 852%
Net result€67k-€439k▲ 556%€593k▲ 35.0%€19k▼ 96.7%€232k▲ 1,100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 852% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.00M
Fixed assets
€460k▼ 3.9%
Current assets
€543k▲ 18.1%
Equity and liabilities €1.00M
Equity
€649k▲ 14.8%
Debt
€355k▼ 5.1%
The debt ratio falls from 39.8% to 35.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€362k▲
2024 · €79k
Cash flow
€284k▲
2024 · €66k
Solvency
64.6%▲
2024 · 60.2%
Current ratio
3.50▼
2024 · 3.53
Quick ratio
2.16▲
2024 · 2.14
Debt / equity
0.55▼
2024 · 0.66
ROE
35.8%▲
2024 · 3.4%
ROA
23.1%▲
2024 · 2.1%
Interest coverage
57.92▲
2024 · 10.11
Debt
€355k▼
2024 · €374k
Debt ≤ 1 year
€155k▲
2024 · €130k
Debt > 1 year
€200k▼
2024 · €244k
Income taxes
€79k▲
2024 · €5k
Staff costs
€19k▲
2024 · €11k
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€939k€1.00M▲
Fixed assets21/28€479k€460k▼
Tangible fixed assets22/27€479k€460k▼
Land and buildings22€438k€401k▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€30k€51k▲
Current assets29/58€460k€543k▲
Stocks and contracts in progress3€182k€208k▲
Stocks30/36€182k€208k▲
Amounts receivable within one year40/41€186k€112k▼
Trade receivables40€82k€104k▲
Other amounts receivable41€104k€8k▼
Cash at bank and in hand54/58€90k€222k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€939k€1.00M▲
Equity10/15€565k€649k▲
Contributions10/11€30k€30k=
Reserves13€535k€619k▲
Tax-exempt reserves132€16k€16k=
Distributable reserves133€519k€603k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€374k€355k▼
Amounts payable after more than one year17€244k€200k▼
Financial debts170/4€244k€200k▼
Amounts payable within one year42/48€130k€155k▲
Current portion of amounts payable after more than one year42€43k€44k▲
Trade debts44€56k€34k▼
Suppliers440/4€56k€34k▼
Advances received on contracts in progress46€28k€66k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€11€0▼
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€1k€8k▲
Income statement
Code20242025
Remuneration, social security and pensions62€11k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€52k▲
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A-€39
Gross operating margin9900€95k€386k▲
Operating profit (loss)9901€32k€309k▲
Financial income75/76B€27€7k▲
Recurring financial income75€27€7k▲
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€25k€311k▲
Income taxes67/77€5k€79k▲
Profit (loss) for the period9904€19k€232k▲
Profit (loss) for the period to be appropriated9905€19k€232k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€232k▲
Transfer from equity791/2€500k€148k▼
Transfer to equity691/2€19k€232k▲
To other reserves6921€19k€232k▲
Profit to be distributed694/7€500k€148k▼
Return on contributions (dividend)694€500k€148k▼
Social balance
Average headcount (FTE)90870.00.6▲
The notes to these accounts (19 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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €19k ▼96.7%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €593k ▲35%
Operating result €793k, net result €593k, both a record.
31-12
Financial
Equity above €1MEq €1.05M ▲15.3%
6 profitable years in a row build equity to €1.05M.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.38 to 2.80; short-term debt falls from €302k to €216k.
31-12
Financial
Equity above €500kEq €517k ▲99.6%
3 profitable years in a row build equity to €517k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €200kEq €259k ▲103%
2 profitable years in a row build equity to €259k.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Geraardsbergen · 1 establishment unit since 2016
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.
Oudenaardsestraat(Zar) 2319500 GeraardsbergenGround area
1,044 m²
Building footprint
685 m²
Volume, LiDAR
2,687 m³
Parcel 41021A0056/00A002, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SMART ENERGY SYSTEMS
since 20162.250.071.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41021A0056/00A002 | Flanders | 1,044 m² | 1 · 685 m² | 6.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TTCO
BE 0806.922.115
Sint-Niklaas · Eq €649k
Promation
BE 0843.180.814
Heist-op-den-Berg · Eq €647k
ATYOS
BE 0543.459.623
Deinze · Eq €644k
ALPHA TECHNICS
BE 0836.891.848
Sint-Niklaas · Eq €653k
Flender
BE 0681.642.259
Asse · Eq €641k
Of 1,221 companies in sector 33200 we hold annual accounts for 675. 419 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2016
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
43211General electrical installation work
46500Wholesale of information and communication equipment
46520Wholesale trade
55900Accommodation
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.