SMART-IJS
ActiveSummary
SMART-IJS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117,122 and a net result of €6,703. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 1576 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+8
Solvency66▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.08 in 2024; short-term debt: 43.9% and cash: 27.8% of total assets), and 59% of the assets are financed with debt.
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Signals
Four 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
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
41%
Return on assets
2.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
21 d early
2023
34 d early
2022
37 d early
2021
31 d early
2020
24 d early
2019
42 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 28 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€117,122▲ 6.1%
2024 · €110,419
Total assets
€285,845▼ 5.6%
2024 · €302,955
Net result
€6,703
2024 · -€12,260
Working capital
€7,948▼ 24.7%
2024 · €10,560
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,516-€14,458-€24,508▼ 69.5%-€8,756▲ 64.3%€11,423
Net result€13,063within the sector's middle half-€18,641below the sector's middle half-€28,584below the sector's middle half▼ 53.3%-€12,260below the sector's middle half▲ 57.1%€6,703within the sector's middle half
Equity€169,903above the sector's middle half▲ 8.3%€151,262above the sector's middle half▼ 11.0%€122,678above the sector's middle half▼ 18.9%€110,419within the sector's middle half▼ 10.0%€117,122within the sector's middle half▲ 6.1%
Total assets€340,062within the sector's middle half▲ 7.3%€365,460within the sector's middle half▲ 7.5%€338,588within the sector's middle half▼ 7.4%€302,955within the sector's middle half▼ 10.5%€285,845within the sector's middle half▼ 5.6%
Debt€170,159▲ 6.4%€214,198▲ 25.9%€215,909▲ 0.8%€192,536▼ 10.8%€168,722▼ 12.4%
Working capital€69,772above the sector's middle half▲ 50.2%€49,520within the sector's middle half▼ 29.0%€28,641within the sector's middle half▼ 42.2%€10,560within the sector's middle half▼ 63.1%€7,948within the sector's middle half▼ 24.7%
Solvency50.0%within the sector's middle half▲ 0.5pp41.4%within the sector's middle half▼ 8.6pp36.2%within the sector's middle half▼ 5.2pp36.4%within the sector's middle half▲ 0.2pp41.0%within the sector's middle half▲ 4.5pp
Current ratio2.02within the sector's middle half▲ 0.131.51within the sector's middle half▼ 0.511.23within the sector's middle half▼ 0.281.08within the sector's middle half▼ 0.141.06within the sector's middle half▼ 0.02
Return on assets (ROA)3.8%within the sector's middle half▲ 12.0pp-5.1%within the sector's middle half▼ 8.9pp-8.4%below the sector's middle half▼ 3.3pp-4.0%below the sector's middle half▲ 4.4pp2.3%within the sector's middle half▲ 6.4pp
Staff (FTE)1.4▼ 12.5%1.3▼ 7.1%1.5▲ 15.4%2.4▲ 60.0%3.9▲ 62.5%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,423 after a loss of €8,756 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285,845
Fixed assets
€152,278 ▼ 8.7%
Current assets
€133,567 ▼ 1.9%
Equity and liabilities €285,845
Equity
€117,122 ▲ 6.1%
Debt
€168,722 ▼ 12.4%
Debt's share of the balance-sheet total falls from 63.6% to 59.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,943▲
2024 · €32,488
Cash flow
€48,223▲
2024 · €28,984
Quick ratio
0.86▼
2024 · 0.95
Debt to equity
1.44▼
2024 · 1.74
ROE
5.7%▲
2024 · -11.1%
Interest coverage
12.33▲
2024 · 8.22
Debt ≤ 1 year
€125,619=
2024 · €125,630
Debt > 1 year
€43,104▼
2024 · €66,907
Income taxes
€670
Staff costs
€96,253▲
2024 · €81,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €74,078 | €78,351 | €81,026 | €96,253 | ▲ 18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,781 | €43,348 | €35,653 | €41,243 | €41,520 | ▲ 0.7% |
| Other operating charges640/8 | - | €4,084 | €4,683 | €4,381 | €5,101 | ▲ 16.4% |
| Gross operating margin9900 | €108,711 | €107,052 | €94,179 | €117,895 | €154,296 | ▲ 30.9% |
| Operating profit (loss)9901 | €17,516 | -€14,458 | -€24,508 | -€8,756 | €11,423 | ▲ 230% |
| Financial income75/76B | - | €1,254 | €788 | €447 | €243 | ▼ 45.7% |
| Recurring financial income75 | €1,656 | €1,254 | €788 | €447 | €243 | ▼ 45.7% |
| Financial charges65/66B | - | €5,437 | €4,863 | €3,951 | €4,293 | ▲ 8.6% |
| Recurring financial charges65 | €4,804 | €5,437 | €4,863 | €3,951 | €4,293 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €14,369 | -€18,641 | -€28,583 | -€12,260 | €7,373 | ▲ 160% |
| Income taxes67/77 | €1,306 | - | €0 | - | €670 | - |
| Profit (loss) for the period9904 | €13,063 | -€18,641 | -€28,584 | -€12,260 | €6,703 | ▲ 155% |
| Profit (loss) for the period to be appropriated9905 | €13,063 | -€18,641 | -€28,584 | -€12,260 | €6,703 | ▲ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340,062 | €365,460 | €338,588 | €302,955 | €285,845 | ▼ 5.6% |
| Fixed assets21/28 | €201,817 | €218,833 | €184,572 | €166,766 | €152,278 | ▼ 8.7% |
| Tangible fixed assets22/27 | €201,817 | €218,833 | €184,572 | €166,766 | €152,278 | ▼ 8.7% |
| Land and buildings22 | - | €136,957 | €117,336 | €97,715 | €92,128 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €81,457 | €67,236 | €64,313 | €60,150 | ▼ 6.5% |
| Furniture and vehicles24 | - | €420 | €0 | €4,738 | - | - |
| Current assets29/58 | €138,245 | €146,626 | €154,016 | €136,189 | €133,567 | ▼ 1.9% |
| Stocks and contracts in progress3 | €16,035 | €16,344 | €16,575 | €17,091 | €25,758 | ▲ 50.7% |
| Stocks30/36 | - | €16,344 | €16,575 | €17,091 | €25,758 | ▲ 50.7% |
| Amounts receivable within one year40/41 | €38,307 | €37,075 | €37,370 | €35,276 | €27,567 | ▼ 21.9% |
| Trade receivables40 | - | €21,917 | €33,682 | €35,259 | €26,725 | ▼ 24.2% |
| Other amounts receivable41 | - | €15,159 | €3,688 | €17 | €842 | ▲ 4,865% |
| Cash at bank and in hand54/58 | €83,902 | €93,207 | €100,071 | €83,048 | €79,416 | ▼ 4.4% |
| Deferred charges and accrued income490/1 | - | - | - | €775 | €826 | ▲ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340,062 | €365,460 | €338,588 | €302,955 | €285,845 | ▼ 5.6% |
| Equity10/15 | €169,903 | €151,262 | €122,678 | €110,419 | €117,122 | ▲ 6.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €151,303 | €132,662 | €104,078 | €91,819 | €98,522 | ▲ 7.3% |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €130,802 | €104,078 | €91,819 | €98,522 | ▲ 7.3% |
| Amounts payable17/49 | €170,159 | €214,198 | €215,909 | €192,536 | €168,722 | ▼ 12.4% |
| Amounts payable after more than one year17 | €101,686 | €117,091 | €90,534 | €66,907 | €43,104 | ▼ 35.6% |
| Financial debts170/4 | - | €117,091 | €90,534 | €66,907 | €43,104 | ▼ 35.6% |
| Amounts payable within one year42/48 | €68,473 | €97,107 | €125,375 | €125,630 | €125,619 | = |
| Current portion of amounts payable after more than one year42 | - | €27,367 | €26,557 | €23,627 | €23,803 | ▲ 0.7% |
| Trade debts44 | €15,207 | €18,226 | €21,871 | €19,367 | €21,970 | ▲ 13.4% |
| Suppliers440/4 | - | €18,226 | €21,871 | €19,367 | €21,970 | ▲ 13.4% |
| Advances received on contracts in progress46 | - | €7,477 | €6,734 | €6,170 | €6,321 | ▲ 2.5% |
| Taxes, remuneration and social security45 | - | €4,667 | €12,554 | €15,443 | €16,504 | ▲ 6.9% |
| Taxes450/3 | - | €221 | €207 | €8,553 | €9,471 | ▲ 10.7% |
| Remuneration and social security454/9 | - | €4,447 | €12,347 | €6,891 | €7,033 | ▲ 2.1% |
| Other amounts payable47/48 | - | €39,369 | €57,660 | €61,022 | €57,020 | ▼ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,063 | -€18,641 | -€28,584 | -€12,260 | €6,703 | ▲ 155% |
| + Depreciation and write-downs630 | €37,781 | €43,348 | €35,653 | €41,243 | €41,520 | ▲ 0.7% |
| Operating cash flow (approximation) | €50,844 | €24,707 | €7,069 | €28,984 | €48,223 | ▲ 66.4% |
| Investment in fixed assets (approximation) | - | -€60,365 | -€1,391 | -€23,437 | -€27,032 | ▼ 15.3% |
| Change in cash | - | €9,305 | €6,864 | -€17,023 | -€3,632 | ▲ 78.7% |
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
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €6,703
Net result €6,703 after 3 loss-making years.
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€28,584
Net result drops to -€28,584, the lowest in the series; recovery starts the following year.
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €13,063
Net result €13,063 after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wingene · 1 establishment unit since 2009
Ground area
1,018 m²
Building footprint
281 m²
Volume, LiDAR
1,332 m³
Parcel 37018B0401/00N000, Flanders · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SMART-IJS
since 20092.176.222.714
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018B0401/00N000 | Flanders | 1,018 m² | 1 · 281 m² | 7.2 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 861 EUR awarded · 861 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 508 EUR | 508 EUR |
| 2024 | 1 | 353 EUR | 353 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWingene2.176.222.714
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Of 608 companies in sector 10520 we hold annual accounts for 235. 198 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
Founded30-01-2009
Fiscal year end30-09
Activities, NACEBEL 2025
10520Manufacture of food products
56111Full-service restaurants
47210Retail sale of fruit and vegetables
56112Limited-service restaurants, excluding mobile food services
56210Event catering
68204Real estate activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809471136
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.