SMART PIXEL
Annual accounts 2025
micro format, filed on 08-05-2026, 84 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €180,000. Estimated: probably between €150,000 and €210,000.
Balance sheet
balance sheet total €232,434 on 31-12-2025in euro
in euro
Position in the sector
61.5%
Higher than 56% of 41,211 companies in 2025.
1.92
Higher than 47% of 39,782 companies in 2025.
32.5%
Higher than 74% of 40,303 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
232,434 | 212,278 | 246,739 | 183,572 | 135,713 | 106,214 | |
21/28 |
60,773 | 8,047 | 2,521 | 1,350 | 5,357 | 13,956 | |
22/27 |
60,423 | 7,697 | 2,171 | 1,000 | 5,007 | 13,606 | |
24 |
54,548 | 1,101 | 2,171 | 1,000 | 5,007 | 13,606 | |
26 |
5,875 | 6,596 | - | - | - | - | |
28 |
350 | 350 | 350 | 350 | 350 | 350 | |
29/58 |
171,661 | 204,231 | 244,218 | 182,222 | 130,356 | 92,258 | |
40/41 |
21,011 | 15,694 | 40,684 | 14,252 | 12,539 | 15,646 | |
40 |
16,932 | 6,712 | 40,684 | 12,584 | 12,422 | 14,929 | |
41 |
4,079 | 8,982 | - | 1,668 | 117 | 718 | |
50/53 |
50,150 | 50,150 | 50,150 | 48,201 | - | - | |
54/58 |
98,173 | 138,231 | 152,940 | 119,351 | 117,427 | 76,229 | |
490/1 |
2,327 | 156 | 443 | 419 | 391 | 382 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
232,434 | 212,278 | 246,739 | 183,572 | 135,713 | 106,214 | |
10/15 |
142,948 | 157,387 | 136,585 | 157,019 | 113,782 | 69,643 | |
10/11 |
6,500 | 6,500 | 6,500 | 6,500 | 6,500 | 6,500 | |
13 |
130,000 | 130,000 | 130,000 | 80,000 | 40,000 | - | |
133 |
130,000 | 130,000 | 130,000 | 80,000 | 40,000 | - | |
14 |
6,448 | 20,887 | 85 | 70,519 | 67,282 | 63,143 | |
17/49 |
89,486 | 54,891 | 110,154 | 26,553 | 21,931 | 36,571 | |
42/48 |
89,486 | 54,891 | 110,154 | 26,553 | 21,931 | 36,571 | |
44 |
- | 182 | 3,558 | 199 | 856 | 18,261 | |
440/4 |
- | 182 | 3,558 | 199 | 856 | 18,261 | |
45 |
23,458 | 16,673 | 25,420 | 12,146 | 7,414 | 9,705 | |
450/3 |
23,458 | 16,673 | 25,420 | 12,146 | 7,414 | 9,705 | |
47/48 |
66,028 | 38,036 | 81,176 | 14,208 | 13,662 | 8,605 | |
| Income statement | |||||||
9900 |
104,129 | 83,675 | 75,419 | 75,427 | 71,232 | 93,187 | |
630 |
7,635 | 1,692 | 941 | 5,106 | 8,599 | 12,194 | |
640/8 |
479 | 813 | 552 | 2,178 | 410 | 950 | |
9901 |
96,016 | 81,169 | 73,925 | 68,143 | 62,223 | 80,043 | |
75/76B |
- | 0 | 1,351 | - | - | 10 | |
75 |
- | 0 | 1,351 | - | - | 10 | |
65/66B |
534 | 3,849 | -394 | 2,457 | 201 | 128 | |
65 |
534 | 3,849 | -394 | 2,457 | 201 | 128 | |
9903 |
95,482 | 77,320 | 75,669 | 65,686 | 62,022 | 79,925 | |
67/77 |
19,921 | 16,518 | 21,103 | 22,450 | 17,883 | 16,782 | |
9904 |
75,561 | 60,802 | 54,566 | 43,237 | 44,139 | 63,143 | |
9905 |
75,561 | 60,802 | 54,566 | 43,237 | 44,139 | 63,143 | |
| Appropriation of the result | |||||||
9906 |
96,448 | 60,887 | 125,085 | 110,519 | 107,282 | 63,143 | |
14P |
20,887 | 85 | 70,519 | 67,282 | 63,143 | - | |
691/2 |
- | - | 50,000 | 40,000 | 40,000 | - | |
6921 |
- | - | 50,000 | 40,000 | 40,000 | - | |
694/7 |
90,000 | 40,000 | 75,000 | - | - | - | |
694 |
90,000 | 40,000 | 75,000 | - | - | - | |
| Social balance sheet | |||||||
Hours worked1013 |
0 | 0 | 0 | - | - | - | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-05-2026 | 2026-00111752 | |
| 31-12-2024 | micro format | 23-07-2025 | 2025-00317699 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00444064 | |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00288828 | |
| 31-12-2021 | micro format | 10-08-2022 | 2022-20286911 | |
| 31-12-2020 | micro format | 11-08-2021 | 2021-47900068 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 103,650 | 82,861 | 74,866 | 73,250 | 70,822 | 92,237 | ||
| 83,195 | 62,494 | 55,507 | 48,343 | 52,738 | 75,337 | ||
| 60,360 | 7,217 | 2,113 | 1,099 | 0 | 26,150 | ||
| -40,059 | -14,709 | 33,589 | 1,924 | 41,197 | - | ||
| 82,175 | 149,340 | 134,064 | 155,669 | 108,425 | 55,687 | ||
| 61.5% | 74.1% | 55.4% | 85.5% | 83.8% | 65.6% | ||
| 1.92 | 3.72 | 2.22 | 6.86 | 5.94 | 2.52 | ||
| 0.63 | 0.35 | 0.81 | 0.17 | 0.19 | 0.53 | ||
| 52.9% | 38.6% | 40.0% | 27.5% | 38.8% | 90.7% | ||
| 32.5% | 28.6% | 22.1% | 23.6% | 32.5% | 59.4% | ||
| over 100 | 21.53 | -190.24 | 29.81 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 0 | 0 | 0 |
| full-time | 0 | 0 | 0 |
| part-time | 0 | 0 | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €60,360 | €7,217 | €2,113 | €1,099 | - |
| €7,635 | €1,692 | €941 | €5,106 | €8,599 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SMART PIXEL
The operating result for 2025 is 18% higher than in 2024 and the highest since 2020. It is the fourth rise in a row, after the fall in 2021.
Debt's share of the balance-sheet total rises from 25.9% to 38.5%. Equity is lower and debt is higher.