SMART IT SERVICES
InactiveFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 29-07-2025 PDF all 34 filings
Turnover
≈ €660,000
Estimated: probably between €400,000 and €1.1m
Total assets
€420,860▲ 96.0%
2023 · €214,734
Net result
€111,821▲ 372%
2023 · €23,705
Working capital
€122,059▲ 10.7%
2023 · €110,238
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
€113,885
▲ 231%
2024
20182024
Net result
€111,821
▲ 372%
2024
20182024
Equity
€122,307
▲ 10.7%
2024
20182024
Total assets
€420,860
▲ 96.0%
2024
20182024
Debt
€298,553
▲ 186%
2024
20182024
Working capital
€122,059
▲ 10.7%
2024
20182024
Staff (FTE)
2.6
▲ 160%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€49,409-€35,224▼ 28.7%€28,147▼ 20.1%€40,649▲ 44.4%€16,922▼ 58.4%€34,378▲ 103%€113,885▲ 231%
Net result€50,261-€9,286▼ 81.5%€19,755▲ 113%€25,632▲ 29.7%€9,434▼ 63.2%€23,705▲ 151%€111,821▲ 372%
Equity€234,022-€137,961▼ 41.0%€51,716▼ 62.5%€77,348▲ 49.6%€86,782▲ 12.2%€110,486▲ 27.3%€122,307▲ 10.7%
Total assets€338,376-€281,862▼ 16.7%€285,618▲ 1.3%€213,610▼ 25.2%€190,919▼ 10.6%€214,734▲ 12.5%€420,860▲ 96.0%
Debt€104,354-€143,901▲ 37.9%€233,902▲ 62.5%€136,262▼ 41.7%€104,137▼ 23.6%€104,248▲ 0.1%€298,553▲ 186%
Working capital€173,680-€90,645▼ 47.8%€18,863▼ 79.2%€55,023▲ 192%€84,637▲ 53.8%€110,238▲ 30.2%€122,059▲ 10.7%
Staff (FTE)6.3-4.5▼ 28.6%4.3▼ 4.4%3▼ 30.2%4.5▲ 50.0%1▼ 77.8%2.6▲ 160%
The operating result for 2024 is 3.3 times that of 2023 and the highest since 2020. It is the second rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €420,860
Fixed assets
€248 =
Current assets
€420,612 ▲ 96.1%
Equity and liabilities €420,860
Equity
€122,307 ▲ 10.7%
Debt
€298,553 ▲ 186%
Debt's share of the balance-sheet total rises from 48.5% to 70.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€113,885▲
2023 · €35,404
Cash flow
€111,821▲
2023 · €24,731
Current ratio
1.41▼
2023 · 2.06
Debt to equity
2.44▲
2023 · 0.94
ROE
91.4%▲
2023 · 21.5%
ROA
26.6%▲
2023 · 11.0%
Interest coverage
93.34▲
2023 · 48.03
Debt ≤ 1 year
€298,553▲
2023 · €104,248
Income taxes
€4,638▼
2023 · €10,493
Staff costs
€163,416▲
2023 · €162,623
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 5 | 1 | 1 |
| full-time | 3 | 4 | 1 | 1 |
| part-time | - | 1 | 0 | 0 |
| in full-time equivalents | 3 | 4.5 | 1 | 1 |
| Average over the year, in full-time equivalents | 3 | 4.5 | 1 | 2.6 |
| On a permanent contract | 3 | 5 | 1 | 1 |
| Joined | - | 2 | - | 0 |
| Left | - | 2 | - | 2 |
| Training hours | 1,982 | 982 | - | - |
Source: social balance sheet in the 2021 to 2024 annual accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €6,763 | €1,831 | €2,800 | ▲ 52.9% |
| Remuneration, social security and pensions62 | - | - | - | €119,180 | €129,903 | €162,623 | €163,416 | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,562 | €19,808 | €14,462 | €10,528 | €4,881 | €1,027 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €5,217 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €1,558 | €8,155 | €3,983 | €4,155 | ▲ 4.3% |
| Non-recurring operating charges66A | - | - | - | - | €4,437 | €870 | €0 | ▼ 100% |
| Gross operating margin9900 | €233,824 | €188,924 | €159,367 | €171,915 | €169,514 | €202,881 | €281,456 | ▲ 38.7% |
| Operating profit (loss)9901 | €49,409 | €35,224 | €28,147 | €40,649 | €16,922 | €34,378 | €113,885 | ▲ 231% |
| Financial income75/76B | - | - | - | €511 | €219 | €557 | €3,794 | ▲ 581% |
| Recurring financial income75 | - | €3,405 | €723 | €511 | €219 | €557 | €3,794 | ▲ 581% |
| Financial charges65/66B | - | - | - | €826 | €1,589 | €737 | €1,220 | ▲ 65.5% |
| Recurring financial charges65 | €3,281 | €3,692 | €714 | €826 | €1,589 | €737 | €1,220 | ▲ 65.5% |
| Profit (loss) for the period before taxes9903 | €50,261 | €9,437 | €28,156 | €40,334 | €15,552 | €34,198 | €116,459 | ▲ 241% |
| Income taxes67/77 | - | €152 | €8,401 | €14,702 | €6,118 | €10,493 | €4,638 | ▼ 55.8% |
| Profit (loss) for the period9904 | €50,261 | €9,286 | €19,755 | €25,632 | €9,434 | €23,705 | €111,821 | ▲ 372% |
| Profit (loss) for the period to be appropriated9905 | €50,261 | €9,286 | €19,755 | €25,632 | €9,434 | €23,705 | €111,821 | ▲ 372% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €338,376 | €281,862 | €285,618 | €213,610 | €190,919 | €214,734 | €420,860 | ▲ 96.0% |
| Fixed assets21/28 | €60,342 | €47,316 | €32,853 | €22,325 | €2,145 | €248 | €248 | = |
| Tangible fixed assets22/27 | €34,587 | €47,068 | €32,605 | €22,077 | €1,897 | €0 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €1,436 | €718 | €0 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €15,964 | €1,179 | €0 | - | - |
| Other tangible fixed assets26 | - | - | - | €4,677 | €0 | - | - | - |
| Financial fixed assets28 | €25,755 | €248 | €248 | €248 | €248 | €248 | €248 | = |
| Current assets29/58 | €278,034 | €234,546 | €252,765 | €191,285 | €188,774 | €214,486 | €420,612 | ▲ 96.1% |
| Stocks and contracts in progress3 | €26,343 | €11,750 | €5,231 | €1,635 | €1,305 | €2,528 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €1,635 | €1,305 | €2,528 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €105,188 | €99,086 | €165,517 | €179,004 | €147,318 | €120,591 | €415,173 | ▲ 244% |
| Trade receivables40 | - | - | - | €174,723 | €134,844 | €106,351 | €253,897 | ▲ 139% |
| Other amounts receivable41 | - | - | - | €4,282 | €12,475 | €14,239 | €161,276 | ▲ 11× |
| Cash at bank and in hand54/58 | €144,864 | €119,638 | €78,179 | €6,869 | €38,951 | €91,217 | €5,439 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | - | €3,776 | €1,199 | €151 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €338,376 | €281,862 | €285,618 | €213,610 | €190,919 | €214,734 | €420,860 | ▲ 96.0% |
| Equity10/15 | €234,022 | €137,961 | €51,716 | €77,348 | €86,782 | €110,486 | €122,307 | ▲ 10.7% |
| Contributions10/11 | €123,947 | - | - | €30,995 | €30,995 | €30,995 | €18,600 | ▼ 40.0% |
| Reserves13 | €59,814 | - | €19,966 | €45,598 | €55,031 | €55,031 | €67,426 | ▲ 22.5% |
| Non-distributable reserves130/1 | - | - | - | - | - | - | €12,395 | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €12,395 | - |
| Distributable reserves133 | - | - | - | €45,598 | €55,031 | €55,031 | €55,031 | = |
| Profit (loss) carried forward14 | €50,261 | €59,547 | €755 | €755 | €755 | €24,460 | €36,281 | ▲ 48.3% |
| Amounts payable17/49 | €104,354 | €143,901 | €233,902 | €136,262 | €104,137 | €104,248 | €298,553 | ▲ 186% |
| Amounts payable within one year42/48 | €104,354 | €143,901 | €233,902 | €136,262 | €104,137 | €104,248 | €298,553 | ▲ 186% |
| Trade debts44 | €10,580 | €17,577 | €35,341 | €105,416 | €59,720 | €60,974 | €167,324 | ▲ 174% |
| Suppliers440/4 | - | - | - | €105,416 | €59,720 | €60,974 | €167,324 | ▲ 174% |
| Taxes, remuneration and social security45 | - | - | - | €30,846 | €44,417 | €43,274 | €31,229 | ▼ 27.8% |
| Taxes450/3 | - | - | - | €12,464 | €27,345 | €17,284 | €23,185 | ▲ 34.1% |
| Remuneration and social security454/9 | - | - | - | €18,383 | €17,072 | €25,990 | €8,044 | ▼ 69.0% |
| Other amounts payable47/48 | - | - | - | - | - | - | €100,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,261 | €9,286 | €19,755 | €25,632 | €9,434 | €23,705 | €111,821 | ▲ 372% |
| + Depreciation and write-downs630 | €17,562 | €19,808 | €14,462 | €10,528 | €4,881 | €1,027 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €67,822 | €29,094 | €34,217 | €36,160 | €14,315 | €24,731 | €111,821 | ▲ 352% |
| Investment in fixed assets (approximation) | - | -€6,782 | €0 | €0 | €15,299 | €870 | €0 | ▼ 100.0% |
| Change in cash | - | -€25,226 | -€41,459 | -€71,310 | €32,082 | €52,265 | -€85,778 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 29-07-2025 | 2025-00344496 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00379422 | |
| 31-12-2022 | micro format | 16-08-2023 | 2023-00330140 | |
| 31-12-2021 | abbreviated format | 20-06-2022 | 2022-20087818 | |
| 31-12-2020 | abbreviated format | 22-06-2021 | 2021-22700098 | |
| 31-12-2019 | abbreviated format | 01-07-2020 | 2020-24300138 | |
| 31-12-2018 | abbreviated format | 08-07-2019 | 2019-30300489 | |
| 31-12-2017 | abbreviated format | 19-06-2018 | 2018-21100111 | |
| 31-12-2016 | abbreviated format | 13-06-2017 | 2017-16700251 | |
| 31-12-2015 | abbreviated format | 10-06-2016 | 2016-16700425 |