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SMART GRID FRIENDLY

Active
Private limited companyfounded 198639 yrs activeAv.du Parc d'Avent.Scientifiques 15, 7080 Frameries, BelgiumKBO/BCE: BE 0429.876.284
Summary

SMART GRID FRIENDLY has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,699 and a net result of -€6,913. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 17% of 2393 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
SMART GRID FRIENDLYActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211NACE 45310
#7 oldest company in Frameries, Construction sector1 site
Size
€213,273total assets 2025
Equity
€34,699
Loss
-€6,913
Financial health
65 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Parent
OUTDOOR AND STYLE · 50.8%
Accounts 71 d early0 of 4 deeds read
Why 65- Sector Specialised construction activities (NACE 43)- Liquidity: current ratio 1.19+ Size: total assets €213,273+ Founded in 1986Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 15% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 41-13
equity 16.3% of total assets
Liquidity 8-8
short-term debt 83.7%
Profitability 29-10
return on assets -3.2%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,133 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.4%▼ -1.2% vs 12-2024lowest value 02-2025: 0.4%● 0.0% vs 01-2025lowest value 03-2025: 0.4%● 0.0% vs 02-2025lowest value 04-2025: 0.4%▲ +4.7% vs 03-2025 05-2025: 0.4%▲ +0.4% vs 04-2025 06-2025: 0.4%▼ -3.3% vs 05-2025 07-2025: 0.6%▲ +49.0% vs 06-2025 08-2025: 0.6%▼ -10.5% vs 07-2025 09-2025: 0.6%● 0.0% vs 08-2025 10-2025: 0.6%● 0.0% vs 09-2025 11-2025: 0.6%● 0.0% vs 10-2025 12-2025: 0.6%● 0.0% vs 11-2025 01-2026: 0.6%▼ -1.0% vs 12-2025 02-2026: 0.6%● 0.0% vs 01-2026 03-2026: 0.6%● 0.0% vs 02-2026 04-2026: 0.6%▲ +9.6% vs 03-2026 05-2026: 0.6%▲ +1.8% vs 04-2026 06-2026: 0.8%▲ +32.5% vs 05-2026highest value 07-2026: 0.8%● 0.0% vs 06-2026highest value 08-2026: 0.8%● 0.0% vs 07-2026highest value 09-2026: 0.8%● 0.0% vs 08-2026highest value 10-2026: 0.8%● 0.0% vs 09-2026highest value
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Size: total assets €213,273 lowers the probability for this profile
  • Liquidity: current ratio 1.19 raises the probability
  • Founded in 1986 lowers the probability for this profile
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.41 in 2024; short-term debt: 83.7% of total assets), and 83.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 18%, liquidity 5%, profitability 16%, growth against the median 20%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Size: total assets €213,273
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.19
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1986
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2393 sector peers (2025).
NBB · sector comparison
Position among 2393 sector peers
Solvency
better than 17%
← 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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
71 d early
2024
22 d early
2023
63 d early
2022
24 d early
2021
9 d late
2020
38 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 7 July (4 of the last 5 filed years within 38 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Annual accounts filedfiscal year 2024 · full…
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Caution: Among the weakest 13% on equitysector median €458,220 · 2,393 companies €34,699 View
  • Controlled by OUTDOOR AND STYLE 50.8% View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€213,273
Loss
-€6,913
Solvency
16.3%
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 21-05-2026Annual accounts filed
  2. 09-07-2025Annual accounts filed
  3. 29-05-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
28-11-1986
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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