Summary
SMART INDUSTRIES has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €37.3m and a net result of €3.3m. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 4626 sector peers (fiscal year 2024). The company has been active since 1948 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
20 d early
2023
166 d late
2022
161 d late
2021
90 d late
2020
28 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 91 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema, statutory accounts
In the rankings
#1 oldest company in Kontich, Professional and technical services sector#4 company by equity in Kontich, Professional and technical services sector#5 company by total assets in Kontich, Professional and technical services sector
Turnover
€1.0m▼ 10.3%
2023 · €1.1m
EBIT margin
4.3%▲ 2.5pp
2023 · 1.8%
Net result
€3.3m▲ 11.2%
2023 · €3.0m
Working capital
€5.9m▼ 8.2%
2023 · €6.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€932,469€1.1m▲ 20.0%€1.0m▼ 10.3%
Operating result€152,357▲ 22.7%-€11,754-€126,943▼ 980%€19,753€42,971▲ 118%
Net result€3.9mabove the sector's middle half▲ 50.0%€2.0mabove the sector's middle half▼ 49.9%€6.8mabove the sector's middle half▲ 242%€3.0mabove the sector's middle half▼ 55.9%€3.3mabove the sector's middle half▲ 11.2%
EBIT margin-13.6%1.8%▲ 15.4pp4.3%▲ 2.5pp
Equity€22.3mabove the sector's middle half▲ 21.5%€24.3mabove the sector's middle half▲ 8.9%€31.0mabove the sector's middle half▲ 27.9%€34.0mabove the sector's middle half▲ 9.6%€37.3mabove the sector's middle half▲ 9.7%
Total assets€26.0mabove the sector's middle half▲ 9.6%€26.1mabove the sector's middle half▲ 0.4%€37.5mabove the sector's middle half▲ 43.8%€39.8mabove the sector's middle half▲ 6.1%€44.6mabove the sector's middle half▲ 12.1%
Debt€3.7m▼ 31.3%€1.8m▼ 50.8%€6.5m▲ 258%€5.8m▼ 10.6%€7.3m▲ 26.2%
Working capital€3.4mabove the sector's middle half▲ 84,221%€5.0mabove the sector's middle half▲ 46.2%€5.0mabove the sector's middle half▲ 0.8%€6.4mabove the sector's middle half▲ 28.6%€5.9mabove the sector's middle half▼ 8.2%
Solvency85.9%above the sector's middle half▲ 8.4pp93.1%above the sector's middle half▲ 7.2pp82.8%above the sector's middle half▼ 10.3pp85.5%above the sector's middle half▲ 2.7pp83.7%above the sector's middle half▼ 1.8pp
Current ratio2.43within the sector's middle half▲ 1.424.77above the sector's middle half▲ 2.343.34above the sector's middle half▼ 1.433.47above the sector's middle half▲ 0.132.15within the sector's middle half▼ 1.32
Return on assets (ROA)15.2%above the sector's middle half▲ 4.1pp7.6%within the sector's middle half▼ 7.6pp18.0%above the sector's middle half▲ 10.5pp7.5%within the sector's middle half▼ 10.6pp7.4%within the sector's middle half▼ 0.1pp
Staff (FTE)0.3below the sector's middle half2within the sector's middle half▲ 567%2.2within the sector's middle half▲ 10.0%2within the sector's middle half▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 118% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44.6m
Fixed assets
€33.6m ▲ 9.2%
Current assets
€11.0m ▲ 21.9%
Equity and liabilities €44.6m
Equity
€37.3m ▲ 9.7%
Debt
€7.3m ▲ 26.2%
Debt's share of the balance-sheet total rises from 14.5% to 16.3%. Equity and debt are higher.
Key figures and ratios
ROE
8.9%▲
2023 · 8.8%
Debt ≤ 1 year
€5.1m▲
2023 · €2.6m
Debt > 1 year
€1.9m▼
2023 · €3.0m
Staff costs
€195,376▲
2023 · €188,957
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €954,460 | €1.1m | €1.0m | ▼ 9.3% |
| Turnover70 | - | - | €932,469 | €1.1m | €1.0m | ▼ 10.3% |
| Other operating income74 | - | - | €21,991 | €16,418 | €26,443 | ▲ 61.1% |
| Operating charges60/66A | - | - | €1.1m | €1.1m | €986,441 | ▼ 11.6% |
| Services and other goods61 | - | - | €887,563 | €862,661 | €733,016 | ▼ 15.0% |
| Remuneration, social security and pensions62 | - | €24,216 | €141,163 | €188,957 | €195,376 | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,587 | €24,736 | €49,451 | €54,024 | €49,338 | ▼ 8.7% |
| Other operating charges640/8 | - | €29,166 | €3,227 | €9,738 | €8,438 | ▼ 13.4% |
| Non-recurring operating charges66A | - | - | - | - | €274 | - |
| Gross operating margin9900 | €183,818 | €66,364 | - | - | - | - |
| Operating profit (loss)9901 | €152,357 | -€11,754 | -€126,943 | €19,753 | €42,971 | ▲ 118% |
| Financial income75/76B | - | €2.6m | €7.0m | €3.1m | €3.4m | ▲ 10.9% |
| Recurring financial income75 | €3.9m | €2.6m | €7.0m | €3.1m | €3.4m | ▲ 10.9% |
| Income from financial fixed assets750 | - | - | €6.9m | €3.0m | €3.3m | ▲ 12.5% |
| Income from current assets751 | - | - | €65,406 | €73,113 | €59,446 | ▼ 18.7% |
| Other financial income752/9 | - | - | €37,891 | €45,873 | €24,267 | ▼ 47.1% |
| Financial charges65/66B | - | €589,399 | €101,614 | €125,560 | €151,993 | ▲ 21.1% |
| Recurring financial charges65 | €84,038 | €60,330 | €101,614 | €125,560 | €151,993 | ▲ 21.1% |
| Debt charges650 | - | - | €54,229 | €79,255 | €137,368 | ▲ 73.3% |
| Other financial charges652/9 | - | - | €47,385 | €46,305 | €14,625 | ▼ 68.4% |
| Non-recurring financial charges66B | - | €529,069 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4.0m | €2.0m | €6.8m | €3.0m | €3.3m | ▲ 11.2% |
| Income taxes67/77 | €44,659 | €10,343 | €486 | - | - | - |
| Taxes670/3 | - | - | €486 | - | - | - |
| Profit (loss) for the period9904 | €3.9m | €2.0m | €6.8m | €3.0m | €3.3m | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €3.9m | €2.0m | €6.8m | €3.0m | €3.3m | ▲ 11.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26.0m | €26.1m | €37.5m | €39.8m | €44.6m | ▲ 12.1% |
| Formation expenses20 | €586 | - | - | - | - | - |
| Fixed assets21/28 | €20.2m | €19.8m | €30.3m | €30.7m | €33.6m | ▲ 9.2% |
| Intangible fixed assets21 | €12,500 | €82,911 | €311,507 | €274,625 | €240,243 | ▼ 12.5% |
| Tangible fixed assets22/27 | €669,373 | €657,869 | €692,848 | €675,706 | €666,219 | ▼ 1.4% |
| Land and buildings22 | - | €650,149 | €665,253 | €656,571 | €666,219 | ▲ 1.5% |
| Furniture and vehicles24 | - | €7,720 | €2,600 | - | - | - |
| Leasing and similar rights25 | - | - | €24,995 | €19,135 | - | - |
| Financial fixed assets28 | €19.5m | €19.0m | €29.3m | €29.8m | €32.7m | ▲ 9.7% |
| Affiliated companies280/1 | - | - | €29.3m | €29.8m | €32.7m | ▲ 9.7% |
| Participating interests280 | - | - | €28.2m | €28.7m | €31.6m | ▲ 10.1% |
| Amounts receivable281 | - | - | €1.1m | €1.1m | €1.1m | = |
| Current assets29/58 | €5.8m | €6.3m | €7.2m | €9.1m | €11.0m | ▲ 21.9% |
| Amounts receivable after more than one year29 | - | €1.1m | - | - | - | - |
| Other amounts receivable291 | - | €1.1m | - | - | - | - |
| Amounts receivable within one year40/41 | €3.7m | €2.6m | €4.2m | €6.7m | €9.2m | ▲ 37.6% |
| Trade receivables40 | - | €271,352 | €784,430 | €1.3m | €673,393 | ▼ 50.0% |
| Other amounts receivable41 | - | €2.4m | €3.4m | €5.4m | €8.6m | ▲ 59.6% |
| Current investments50/53 | - | - | €87,595 | €141,110 | €157,010 | ▲ 11.3% |
| Other investments51/53 | - | - | €87,595 | €141,110 | €157,010 | ▲ 11.3% |
| Cash at bank and in hand54/58 | €993,790 | €2.6m | €2.9m | €2.2m | €1.6m | ▼ 25.2% |
| Deferred charges and accrued income490/1 | - | - | - | €784 | €2,028 | ▲ 159% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26.0m | €26.1m | €37.5m | €39.8m | €44.6m | ▲ 12.1% |
| Equity10/15 | €22.3m | €24.3m | €31.0m | €34.0m | €37.3m | ▲ 9.7% |
| Contributions10/11 | €10.0m | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Capital10 | - | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Issued capital100 | - | €10.0m | €10.0m | €10.0m | €10.0m | = |
| Reserves13 | €10.6m | €14.2m | €20.0m | €23.0m | €26.0m | ▲ 13.0% |
| Non-distributable reserves130/1 | - | €731,348 | €1.0m | €1.0m | €1.0m | = |
| Legal reserve130 | - | €731,348 | €1.0m | €1.0m | €1.0m | = |
| Distributable reserves133 | - | €13.5m | €19.0m | €22.0m | €25.0m | ▲ 13.6% |
| Profit (loss) carried forward14 | €1.7m | €45,701 | €1.0m | €1.0m | €1.3m | ▲ 30.7% |
| Amounts payable17/49 | €3.7m | €1.8m | €6.5m | €5.8m | €7.3m | ▲ 26.2% |
| Amounts payable after more than one year17 | €1.0m | €484,191 | €4.1m | €3.0m | €1.9m | ▼ 36.0% |
| Financial debts170/4 | - | €484,191 | €3.0m | €2.5m | €1.9m | ▼ 21.3% |
| Leasing and similar obligations172 | - | - | €13,002 | €3,551 | - | - |
| Credit institutions173 | - | - | €3.0m | €2.4m | €1.9m | ▼ 21.2% |
| Other amounts payable178/9 | - | - | €1.1m | €564,950 | - | - |
| Amounts payable within one year42/48 | €2.4m | €1.3m | €2.1m | €2.6m | €5.1m | ▲ 96.4% |
| Current portion of amounts payable after more than one year42 | - | €559,699 | €527,071 | €527,717 | €518,854 | ▼ 1.7% |
| Financial debts43 | - | €10,017 | €12,020 | €13,428 | €13,524 | ▲ 0.7% |
| Other loans439 | - | €10,017 | €12,020 | €13,428 | €13,524 | ▲ 0.7% |
| Trade debts44 | €169,184 | €83,172 | €160,042 | €166,044 | €70,136 | ▼ 57.8% |
| Suppliers440/4 | - | €83,172 | €160,042 | €166,044 | €70,136 | ▼ 57.8% |
| Taxes, remuneration and social security45 | - | €33,691 | €27,146 | €37,345 | €35,125 | ▼ 5.9% |
| Taxes450/3 | - | €27,018 | €5,253 | €7,549 | €7,748 | ▲ 2.6% |
| Remuneration and social security454/9 | - | €6,673 | €21,893 | €29,795 | €27,377 | ▼ 8.1% |
| Other amounts payable47/48 | - | €635,262 | €1.4m | €1.9m | €4.5m | ▲ 141% |
| Accrued charges and deferred income492/3 | - | - | €208,598 | €146,905 | €230,330 | ▲ 56.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.9m | €2.0m | €6.8m | €3.0m | €3.3m | ▲ 11.2% |
| + Depreciation and write-downs630 | €16,587 | €24,736 | €49,451 | €54,024 | €49,338 | ▼ 8.7% |
| Operating cash flow (approximation) | €4.0m | €2.0m | €6.8m | €3.0m | €3.4m | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | €366,357 | -€10.6m | -€451,960 | -€2.9m | ▼ 540% |
| Change in cash | - | €1.6m | €287,643 | -€662,693 | -€554,136 | ▲ 16.4% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 166 days late
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 161 days late
13-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 166 days late
2024
08-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 161 days late
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 90 days late
2022
31-12
Financial
Highest result since 2018net €6.8m ▲242%
Net result €6.8m, the highest in the series.
31-12
Financial
Equity above €25mEq €31.0m ▲27.9%
5 profitable years in a row build equity to €31.0m.
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 90 days late
2021
31-12
Financial
Weakest financial yearnet €2.0m ▼49.9%
Net result drops to €2.0m, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 28 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.43
Current ratio from 1.00 to 2.43; short-term debt falls from €3.2m to €2.4m.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 118 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Kontich · 1 establishment unit since 1948
Ground area
4,225 m²
Building footprint
914 m²
Volume, LiDAR
5,951 m³
2 parcels, Brussels, Flanders · tallest building 15.2 m, ±4 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Vilvoordsesteenweg 6, 1020 Brussel
since 19482.004.057.909
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11602E0061/00F002 | Flanders | 4,081 m² | 1 · 792 m² | 7.4 m · 2 fl. |
| 21818B0550/00N009 | Brussels | 144 m² | 1 · 122 m² | 15.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 13 holdingsOwners 2
-
32.54%
-
28%
Holdings 13
- HAPPY PUZZLE COMPANY LIMITEDGBsubsidiarySourceown accounts 2024Equity GBP 628,390Result -GBP 389,064100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
- SMART TOYS AND GAMES LIMITEDGBsubsidiarySourceown accounts 2024Equity GBP 610,297Result GBP 106,452100%
Show 3 more holdings
-
100%
- ALL JIGSAW PUZZLES LIMITEDGBsubsidiarySourceown accounts 2024Equity -GBP 320,652Result -GBP 426,95380%
-
20%
According to the 2024 annual accounts of SMART INDUSTRIES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1948
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0403631945
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.