Smart Management
ActiveSmart Management has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-57k) and a net result of €712k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 7757 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency22▲+22
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.34 against 0.88 in 2024; short-term debt: 73.9% and cash: 9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
-3%
Return on assets
37.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 7757 sector peers (2025).
NBB · sector comparisonPosition among 7757 sector peers
Solvency
better than 7%
← 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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
74 d late
2023
72 d late
2022
122 d late
2021
29 d late
2020
31 d late
2019
124 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-57k▲ 92.6%
2024 · €-769k
2018: €-545k
2019: €-509k
2020: €-451k
2021: €-369k
2022: €-356k
2023: €-334k
2024: €-769k
2018 → 2025
Total assets
€1.88M▲ 5.4%
2024 · €1.79M
2018: €655k
2019: €633k
2020: €740k
2021: €1.13M
2022: €1.44M
2023: €1.56M
2024: €1.79M
2018 → 2025
Net result
€712k
2024 · €-435k
2018: €-11k
2019: €36k
2020: €58k
2021: €82k
2022: €13k
2023: €22k
2024: €-435k
2018 → 2025
Working capital
€473k
2024 · €-238k
2018: €130k
2019: €21k
2020: €109k
2021: €173k
2022: €140k
2023: €177k
2024: €-238k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-369k-€-356k▲ 3.4%€-334k▲ 6.2%€-769k▼ 130%€-57k▲ 92.6%
Operating result€119k-€88k▼ 26.4%€123k▲ 40.6%€-370k€819k
Net result€82k-€13k▼ 84.8%€22k▲ 77.4%€-435k€712k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €819k after a loss of €370k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€18k▼ 80.9%
Current assets
€1.86M▲ 10.2%
Key figures and ratios
EBITDA
€827k▲
2024 · €-340k
Cash flow
€720k▲
2024 · €-405k
Solvency
-3.0%▲
2024 · -43.1%
Current ratio
1.34▲
2024 · 0.88
Quick ratio
1.34▲
2024 · 0.64
Debt / equity
-33.97▼
2024 · -3.32
ROA
37.9%▲
2024 · -24.4%
Interest coverage
7.34▲
2024 · -5.07
Debt
€1.94M▼
2024 · €2.56M
Debt ≤ 1 year
€1.39M▼
2024 · €1.93M
Debt > 1 year
€514k▼
2024 · €608k
Income taxes
€102▼
2024 · €6k
Staff costs
€158k▼
2024 · €664k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.79M€1.88M▲
Fixed assets21/28€96k€18k▼
Tangible fixed assets22/27€79k€2k▼
Land and buildings22€20k€0▼
Plant, machinery and equipment23€28k€2k▼
Furniture and vehicles24€31k€0▼
Financial fixed assets28€17k€17k=
Current assets29/58€1.69M€1.86M▲
Amounts receivable after more than one year29€24k€18k▼
Other amounts receivable291€24k€18k▼
Stocks and contracts in progress3€455k€0▼
Stocks30/36€121k€0▼
Contracts in progress37€334k€0▼
Amounts receivable within one year40/41€895k€1.66M▲
Trade receivables40€801k€1.52M▲
Other amounts receivable41€93k€142k▲
Cash at bank and in hand54/58€26k€170k▲
Deferred charges and accrued income490/1€291k€13k▼
Equity and liabilities
Total equity and liabilities10/49€1.79M€1.88M▲
Equity10/15€-769k€-57k▲
Contributions10/11€450k€450k=
Profit (loss) carried forward14€-1.22M€-507k▲
Amounts payable17/49€2.56M€1.94M▼
Amounts payable after more than one year17€608k€514k▼
Financial debts170/4€608k€514k▼
Amounts payable within one year42/48€1.93M€1.39M▼
Trade debts44€1.03M€399k▼
Suppliers440/4€1.03M€399k▼
Advances received on contracts in progress46-€512k
Taxes, remuneration and social security45€342k€61k▼
Taxes450/3€64k€35k▼
Remuneration and social security454/9€278k€26k▼
Other amounts payable47/48€557k€418k▼
Accrued charges and deferred income492/3€19k€34k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€664k€158k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€8k▼
Other operating charges640/8€13k€11k▼
Non-recurring operating charges66A-€0
Gross operating margin9900€337k€996k▲
Operating profit (loss)9901€-370k€819k▲
Financial income75/76B€8k€6k▼
Recurring financial income75€8k€6k▼
Financial charges65/66B€67k€113k▲
Recurring financial charges65€67k€113k▲
Profit (loss) for the period before taxes9903€-429k€712k▲
Income taxes67/77€6k€102▼
Profit (loss) for the period9904€-435k€712k▲
Profit (loss) for the period to be appropriated9905€-435k€712k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.22M€-507k▲
Profit (loss) brought forward from the previous period14P€-784k€-1.22M▼
Social balance
Average headcount (FTE)908711.92.9▼
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-08
State Gazette act
Incorporation · Founder
Founding capital · First fiscal year
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €712k
Net result €712k after one loss-making year.
13-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 74 days late
2024
31-12
Financial
Weakest financial yearnet €-435k ▼2061%
Net result drops to €-435k, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 122 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Antwerpen · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Belcrownlaan 18A2100 AntwerpenGround area
2,425 m²
Building footprint
1,742 m²
Volume, LiDAR
8,472 m³
2 parcels, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
sMART Interior
since 20052.149.184.062
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0167/00P000 | Flanders | 1,672 m² | 1 · 1,116 m² | 5.8 m · 2 fl. |
| 11012A0167/00R000 | Flanders | 753 m² | 1 · 627 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
Connections & network
1 connected companyNetwork connections
Shared director
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 25,906 EUR awarded · 25,906 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,895 EUR | 3,895 EUR |
| 2024 | 1 | 19,847 EUR | 19,847 EUR |
| 2023 | 1 | 1,264 EUR | 1,264 EUR |
| 2022 | 1 | 900 EUR | 900 EUR |
Schemes
Individueel Maatwerk
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 14 endedMachinaal houtbewerker duaal (so)
Medewerker hout duaal (so)
Meubelmaker duaal (so)
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Of 20,026 companies in sector 43320 we hold annual accounts for 9,136. 2,013 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2005
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
45421
31004Manufacture of dining room, living room, bedroom and bathroom furniture
36100
45422
46832Wholesale of timber
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.