SMART FUND
ActiveSummary
The computed 12-month bankruptcy probability of SMART FUND is 7.1% (elevated). The 2025 annual accounts show equity of €15k and a net result of €-385. Its solvency ranks better than 32% of 4659 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2025
Axes
Profitability32
Solvency29
Growth-
Track record51
Bankruptcy probability, 12 months
7.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.03; short-term debt: 26.1% of total assets), and 96.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.8%
Return on assets
-0.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
47 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×2
Financials · fiscal year 2025, micro schema
Equity
€15k
Total assets
€381k
Net result
€-385
Working capital
€-96k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €381k
Fixed assets
€378k
Current assets
€3k
Equity and liabilities €381k
Equity
€15k
Debt
€366k
Debt finances 96.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€10k
Cash flow
€4k
Current ratio
0.03
Debt to equity
25.06
ROE
-2.6%
ROA
-0.1%
Interest coverage
1.63
Debt ≤ 1 year
€99k
Debt > 1 year
€267k
Filed annual accounts As filed with the NBB · 2025 · 29 lines
Balance sheet
Code2025
Assets
Total assets20/58€381k
Fixed assets21/28€378k
Tangible fixed assets22/27€378k
Land and buildings22€378k
Current assets29/58€3k
Amounts receivable within one year40/41€45
Other amounts receivable41€45
Current investments50/53€3k
Equity and liabilities
Total equity and liabilities10/49€381k
Equity10/15€15k
Contributions10/11€15k
Profit (loss) carried forward14€-385
Amounts payable17/49€366k
Amounts payable after more than one year17€267k
Financial debts170/4€267k
Amounts payable within one year42/48€99k
Current portion of amounts payable after more than one year42€29k
Trade debts44€760
Suppliers440/4€760
Other amounts payable47/48€69k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k
Gross operating margin9900€10k
Operating profit (loss)9901€6k
Financial charges65/66B€6k
Recurring financial charges65€6k
Profit (loss) for the period before taxes9903€-385
Profit (loss) for the period9904€-385
Profit (loss) for the period to be appropriated9905€-385
Appropriation of the result
Profit (loss) to be appropriated9906€-385
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k |
| Gross operating margin9900 | €10k |
| Operating profit (loss)9901 | €6k |
| Financial charges65/66B | €6k |
| Recurring financial charges65 | €6k |
| Profit (loss) for the period before taxes9903 | €-385 |
| Profit (loss) for the period9904 | €-385 |
| Profit (loss) for the period to be appropriated9905 | €-385 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €381k | |
| Fixed assets21/28 | €378k | |
| Tangible fixed assets22/27 | €378k | |
| Land and buildings22 | €378k | |
| Current assets29/58 | €3k | |
| Amounts receivable within one year40/41 | €45 | |
| Other amounts receivable41 | €45 | |
| Current investments50/53 | €3k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €381k | |
| Equity10/15 | €15k | |
| Contributions10/11 | €15k | |
| Profit (loss) carried forward14 | €-385 | |
| Amounts payable17/49 | €366k | |
| Amounts payable after more than one year17 | €267k | |
| Financial debts170/4 | €267k | |
| Amounts payable within one year42/48 | €99k | |
| Current portion of amounts payable after more than one year42 | €29k | |
| Trade debts44 | €760 | |
| Suppliers440/4 | €760 | |
| Other amounts payable47/48 | €69k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €-385 |
| + Depreciation and write-downs630 | €4k |
| Operating cash flow (approximation) | €4k |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
23-05
KBO administration
UBO non-compliance
event 12-05-2025
07-05
KBO administration
UBO non-compliance
event 22-04-2025
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Ans · 1 establishment unit since 2024
Ground area
270 m²
Building footprint
52 m²
Volume, LiDAR
552 m³
Parcel 62003A0004/00M005, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Smart Fund
since 20242.365.920.169
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62003A0004/00M005 | Wallonia | 270 m² | 1 · 52 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
VALVITA
BE 1003.987.117
Oostkamp · Eq €14,624
Britt De Ryck
BE 0799.292.569
Heist-op-den-Berg · Eq €14,633
Laser médico-aesthetic center
BE 0751.698.431
Londerzeel · Eq €14,591
Care for You
BE 0665.740.494
Zonhoven · Eq €14,585
WAX & BEAUTY
BE 0707.768.913
Elsene · Eq €14,560
Of 24,855 companies in sector 96220 we hold annual accounts for 1,439. 1,148 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-10-2024
Fiscal year end31-12
Activities, NACEBEL 2025
96220Beauty care and other beauty treatments
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.