SMART-PROJECT
Annual accounts 2025
micro format, filed on 28-01-2026, 3 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €47,000 and €200,000.
Balance sheet
balance sheet total €141,030 on 30-06-2025in euro
in euro
Position in the sector
65.2%
Higher than 60% of 41,211 companies in 2025.
2.06
Higher than 50% of 39,782 companies in 2025.
5.5%
Higher than 33% of 40,303 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
€679
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 1 person joined and nobody left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
141,030 | 153,645 | 131,605 | 142,443 | 122,448 | 127,913 | 99,606 | 83,734 | 90,671 | 82,686 | 54,335 | |
21/28 |
40,353 | 33,351 | 24,596 | 27,490 | 54,313 | 64,243 | 39,435 | 23,919 | 33,689 | 44,596 | 19,725 | |
22/27 |
40,353 | 33,351 | 24,596 | 27,490 | 54,313 | 64,243 | 39,435 | 23,919 | 33,689 | 44,596 | 19,725 | |
22 |
31,749 | 27,043 | 22,247 | 25,626 | 29,748 | 33,033 | 27,971 | 981 | - | - | - | |
23 |
3,815 | 1,731 | 995 | 534 | 700 | - | 121 | 242 | 364 | 485 | - | |
24 |
4,789 | 4,577 | 1,354 | 1,330 | 23,866 | 31,211 | 11,343 | 22,696 | 33,325 | 44,111 | 19,725 | |
29/58 |
100,676 | 120,294 | 107,010 | 114,954 | 68,134 | 63,669 | 60,171 | 59,814 | 56,982 | 38,090 | 34,610 | |
3 |
11,051 | 10,664 | 7,850 | 4,629 | 2,910 | 5,790 | 4,529 | 7,558 | 5,688 | 2,754 | - | |
30/36 |
11,051 | 10,664 | 7,850 | 4,629 | 2,910 | 5,790 | 4,529 | 7,558 | 5,688 | 2,754 | - | |
40/41 |
13,053 | 21,375 | 9,166 | 16,662 | 10,298 | 13,893 | 7,297 | 11,578 | 11,117 | 1,895 | 4,188 | |
40 |
10,861 | 21,375 | 9,166 | 15,568 | 10,298 | 10,362 | 4,883 | 11,578 | 11,117 | 1,895 | 4,188 | |
41 |
2,192 | - | - | 1,094 | - | 3,531 | 2,414 | - | - | - | - | |
54/58 |
76,572 | 88,255 | 89,509 | 93,179 | 54,315 | 43,381 | 47,012 | 40,678 | 38,895 | 32,256 | 30,422 | |
490/1 |
- | - | 483 | 483 | 611 | 606 | 1,333 | - | 1,282 | 1,185 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
141,030 | 153,645 | 131,605 | 142,443 | 122,448 | 127,913 | 99,606 | 83,734 | 90,671 | 82,686 | 54,335 | |
10/15 |
91,957 | 109,386 | 94,838 | 92,340 | 47,976 | 58,510 | 56,570 | 51,515 | 50,524 | 41,790 | 23,514 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
85,757 | 103,186 | 88,638 | 86,140 | 41,776 | 52,310 | 50,370 | 45,315 | 44,324 | 35,590 | 17,314 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | 15,454 | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | - | - | - | 15,454 | |
133 |
85,757 | 103,186 | 86,778 | 84,280 | 39,916 | 50,450 | 48,510 | 43,455 | 42,464 | 33,730 | - | |
17/49 |
49,072 | 44,259 | 36,768 | 50,103 | 74,472 | 69,403 | 43,036 | 32,219 | 40,147 | 40,896 | 30,822 | |
17 |
- | 634 | 4,395 | 8,087 | 16,799 | 25,356 | 18,762 | 3,512 | 7,292 | 11,020 | 3,698 | |
170/4 |
- | 634 | 4,395 | 8,087 | 16,799 | 25,356 | 18,762 | 3,512 | 7,292 | 11,020 | 3,698 | |
42/48 |
48,772 | 42,995 | 31,743 | 41,416 | 56,773 | 43,447 | 23,974 | 27,807 | 30,689 | 29,876 | 26,974 | |
42 |
634 | 3,761 | 3,692 | 3,624 | 8,557 | 8,406 | 6,941 | 3,780 | 3,728 | 3,676 | 3,326 | |
44 |
6,352 | 14,464 | 7,907 | 2,776 | 2,609 | 4,142 | 5,753 | 14,128 | 8,238 | 1,956 | 4,707 | |
440/4 |
6,352 | 14,464 | 7,907 | 2,776 | 2,609 | 4,142 | 5,753 | 14,128 | 8,238 | 1,956 | 4,707 | |
46 |
2,949 | 2,949 | 6,969 | 2,949 | 2,949 | 2,949 | 2,949 | 2,949 | 2,949 | 2,949 | - | |
45 |
12,482 | 13,594 | 8,062 | 22,080 | 10,459 | 13,269 | 8,331 | 6,641 | 11,432 | 15,134 | 14,612 | |
450/3 |
11,975 | 13,594 | 8,062 | 22,080 | 10,459 | 13,269 | 8,331 | 6,641 | 11,432 | 15,134 | 14,612 | |
454/9 |
507 | - | - | - | - | - | - | - | - | - | - | |
47/48 |
26,355 | 8,227 | 5,113 | 9,986 | 32,199 | 14,681 | - | 309 | 4,342 | 6,161 | 4,328 | |
492/3 |
300 | 630 | 630 | 600 | 900 | 600 | 300 | 900 | 2,166 | - | 150 | |
| Income statement | ||||||||||||
76A |
- | - | - | - | - | - | - | - | - | 1,473 | - | |
9900 |
21,841 | 35,694 | 14,989 | 77,174 | 27,294 | 39,040 | 22,370 | 15,930 | 26,964 | 41,259 | 36,046 | |
62 |
679 | - | - | - | - | - | - | - | - | - | - | |
630 |
9,402 | 6,951 | 5,302 | 4,636 | 12,313 | 14,327 | 14,595 | 12,084 | 11,712 | 11,624 | 7,331 | |
640/8 |
941 | 1,100 | 3,356 | 654 | 2,740 | 996 | 537 | 644 | 846 | 2,068 | 1,713 | |
9901 |
10,820 | 27,644 | 6,330 | 71,884 | 12,240 | 23,716 | 7,238 | 3,202 | 14,406 | 27,567 | 27,002 | |
75/76B |
1,292 | 1,068 | 371 | 290 | 145 | 296 | 54 | 24 | 98 | 153 | 19 | |
75 |
1,292 | 1,068 | 371 | 290 | 145 | 296 | 54 | 24 | 98 | 153 | 19 | |
65/66B |
813 | 862 | 800 | 682 | 682 | 719 | 700 | 225 | 660 | 700 | 225 | |
65 |
813 | 862 | 800 | 682 | 682 | 719 | 700 | 225 | 660 | 700 | 225 | |
9903 |
11,299 | 27,850 | 5,901 | 71,491 | 11,703 | 23,293 | 6,592 | 3,001 | 13,843 | 28,493 | 26,796 | |
67/77 |
3,593 | 8,246 | 2,413 | 18,392 | 3,961 | 5,900 | 1,536 | 2,011 | 5,109 | 10,216 | 9,483 | |
9904 |
7,707 | 19,604 | 3,488 | 53,099 | 7,742 | 17,393 | 5,055 | 991 | 8,734 | 18,276 | 17,314 | |
9905 |
7,707 | 19,604 | 3,488 | 53,099 | 7,742 | 17,393 | 5,055 | 991 | 8,734 | 18,276 | 17,314 | |
| Appropriation of the result | ||||||||||||
9906 |
7,707 | 19,604 | 3,488 | 53,099 | 7,742 | 17,393 | 5,055 | 991 | 8,734 | 18,276 | 17,314 | |
791/2 |
25,135 | 5,055 | 991 | 8,734 | 18,276 | 15,454 | - | - | - | - | - | |
691/2 |
7,707 | 19,604 | 3,488 | 53,099 | 7,742 | 17,393 | 5,055 | 991 | 8,734 | 18,276 | 17,314 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
7,707 | 19,604 | 3,488 | 53,099 | 7,742 | 17,393 | 5,055 | 991 | 8,734 | 18,276 | 15,454 | |
694/7 |
25,135 | 5,055 | 991 | 8,734 | 18,276 | 15,454 | - | - | - | - | - | |
694 |
25,135 | 5,055 | 991 | 8,734 | 18,276 | 15,454 | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
1 | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
25 | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 5 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 28-01-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00019135 | |
| 30-06-2024 | micro format | 23-01-2025 | 2025-00012542 | |
| 30-06-2023 | micro format | 29-01-2024 | 2024-00018860 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00015994 | |
| 30-06-2021 | full format | 05-01-2022 | 2022-00300367 | |
| 30-06-2020 | full format | 28-01-2021 | 2021-02700003 | |
| 30-06-2019 | full format | 28-01-2020 | 2020-02800386 | |
| 30-06-2018 | full format | 29-01-2019 | 2019-02800047 | |
| 30-06-2017 | full format | 31-01-2018 | 2018-03400218 | |
| 30-06-2016 | full format | 23-12-2016 | 2016-71300566 | |
| 30-06-2015 | full format | 22-01-2016 | 2016-02400190 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20,222 | 34,595 | 11,632 | 76,520 | 24,554 | 38,044 | 21,833 | 15,287 | 26,118 | 39,191 | 34,334 | ||
| 17,108 | 26,555 | 8,790 | 57,735 | 20,056 | 31,720 | 19,650 | 13,075 | 20,447 | 29,900 | 24,645 | ||
| 16,404 | 15,707 | 2,408 | 1,100 | 2,383 | 47,902 | 30,111 | 2,315 | 805 | 54,912 | 27,056 | ||
| -11,683 | -1,254 | -3,670 | 38,864 | 10,934 | -3,631 | 6,333 | 1,783 | 6,639 | 1,834 | - | ||
| 51,904 | 77,299 | 75,267 | 73,537 | 11,361 | 20,223 | 36,197 | 32,008 | 26,293 | 8,214 | 7,636 | ||
| 65.2% | 71.2% | 72.1% | 64.8% | 39.2% | 45.7% | 56.8% | 61.5% | 55.7% | 50.5% | 43.3% | ||
| 2.06 | 2.80 | 3.37 | 2.78 | 1.20 | 1.47 | 2.51 | 2.15 | 1.86 | 1.27 | 1.28 | ||
| 1.84 | 2.55 | 3.12 | 2.66 | 1.15 | 1.33 | 2.32 | 1.88 | 1.67 | 1.18 | 1.28 | ||
| 0.53 | 0.40 | 0.39 | 0.54 | 1.55 | 1.19 | 0.76 | 0.63 | 0.79 | 0.98 | 1.31 | ||
| 8.4% | 17.9% | 3.7% | 57.5% | 16.1% | 29.7% | 8.9% | 1.9% | 17.3% | 43.7% | 73.6% | ||
| 5.5% | 12.8% | 2.7% | 37.3% | 6.3% | 13.6% | 5.1% | 1.2% | 9.6% | 22.1% | 31.9% | ||
| 24.87 | 40.14 | 14.53 | over 100 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | 30-06-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.5 |
| 0.5 | |
| Joined | 1 |
| Left | 0 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €16,404 | €15,707 | €2,408 | €1,100 |
| €9,402 | €6,951 | €5,302 | €4,636 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on SMART-PROJECT
The operating result for 2025 is 61% lower than in 2024.
Debt's share of the balance-sheet total rises from 28.8% to 34.8%. Equity is lower and debt is higher.