sMart Projects
ActiveSummary
The computed 12-month bankruptcy probability of sMart Projects is 1.9% (moderate). The 2025 annual accounts show equity of €60,152 and a net result of €10,491. Its solvency ranks better than 14% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-07-2024 Normal situation
- Activity
- Plumbing work NACE 43221and 4 others
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment unit
- 2.362.312.066 3293 Diest, since 05-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2024
Board and ownership
- Christel DE RIJCKDirector
- Serge MARTYKADirector
- MARTYKA Sergefounderact of 09-07-2024
- DE RIJCK Christelfounderact of 09-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €69,272
- ▲ 6.3%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €10,491
- ▼ 77.4%
- Equity
- €60,152
- ▲ 21.1%
- Total assets
- €658,186
- ▲ 910%
- Employees on 31-12-2025
- 1
Score breakdownraises riskFounded in 20241 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed on 22-06-2026)Size: total assets €658,186Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 13% of them on solvency, 34% on liquidity, 25% on profitability and 68% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 23 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 52% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 0 |
| part-time | 1 |
| in full-time equivalents | 0.4 |
| Average over the year, in full-time equivalents | 0.4 |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €8,021 | €581,665 |
| Depreciation and write-downs of the year | €150 | €22,570 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €3,493 awarded · €3,493 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,938 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €150 | €22,570 | ▲ 150× |
| Other operating charges640/8 | €286 | €1,737 | ▲ 507% |
| Gross operating margin9900 | €65,180 | €69,272 | ▲ 6.3% |
| Operating profit (loss)9901 | €64,744 | €31,026 | ▼ 52.1% |
| Financial income75/76B | €38 | €230 | ▲ 498% |
| Recurring financial income75 | €38 | €230 | ▲ 498% |
| Financial charges65/66B | €1,040 | €14,566 | ▲ 14× |
| Recurring financial charges65 | €1,040 | €14,566 | ▲ 14× |
| Profit (loss) for the period before taxes9903 | €63,742 | €16,691 | ▼ 73.8% |
| Income taxes67/77 | €17,415 | €6,200 | ▼ 64.4% |
| Profit (loss) for the period9904 | €46,327 | €10,491 | ▼ 77.4% |
| Profit (loss) for the period to be appropriated9905 | €46,327 | €10,491 | ▼ 77.4% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €65,173 | €658,186 | ▲ 910% |
| Fixed assets21/28 | €7,870 | €566,965 | ▲ 72× |
| Tangible fixed assets22/27 | €7,870 | €566,965 | ▲ 72× |
| Land and buildings22 | - | €536,532 | - |
| Plant, machinery and equipment23 | €6,439 | €8,398 | ▲ 30.4% |
| Furniture and vehicles24 | €1,431 | €22,036 | ▲ 15× |
| Current assets29/58 | €57,303 | €91,221 | ▲ 59.2% |
| Stocks and contracts in progress3 | €1,877 | €7,498 | ▲ 299% |
| Stocks30/36 | €1,877 | €7,498 | ▲ 299% |
| Amounts receivable within one year40/41 | €39,580 | €51,719 | ▲ 30.7% |
| Trade receivables40 | €39,172 | €35,371 | ▼ 9.7% |
| Other amounts receivable41 | €408 | €16,347 | ▲ 40× |
| Cash at bank and in hand54/58 | €14,996 | €30,525 | ▲ 104% |
| Deferred charges and accrued income490/1 | €849 | €1,479 | ▲ 74.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €65,173 | €658,186 | ▲ 910% |
| Equity10/15 | €49,661 | €60,152 | ▲ 21.1% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €44,661 | €55,152 | ▲ 23.5% |
| Distributable reserves133 | €44,661 | €55,152 | ▲ 23.5% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €15,512 | €598,034 | ▲ 39× |
| Amounts payable after more than one year17 | - | €410,867 | - |
| Financial debts170/4 | - | €410,867 | - |
| Amounts payable within one year42/48 | €15,512 | €187,167 | ▲ 12× |
| Current portion of amounts payable after more than one year42 | - | €55,497 | - |
| Trade debts44 | €524 | €23,914 | ▲ 46× |
| Suppliers440/4 | €524 | €23,914 | ▲ 46× |
| Taxes, remuneration and social security45 | €9,559 | €9,645 | ▲ 0.9% |
| Taxes450/3 | €9,155 | €9,645 | ▲ 5.4% |
| Remuneration and social security454/9 | €404 | €0 | ▼ 100% |
| Other amounts payable47/48 | €5,428 | €98,111 | ▲ 18× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €46,327 | €10,491 | ▼ 77.4% |
| + Depreciation and write-downs630 | €150 | €22,570 | ▲ 150× |
| Operating cash flow (approximation) | €46,478 | €33,061 | ▼ 28.9% |
| Investment in fixed assets (approximation) | - | -€581,665 | - |
| Change in cash | - | €15,529 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,135 companies had the same profile as sMart Projects has now. Two years later, 92.0% were still going and 5.2% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of sMart Projects itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,135 companies, not a prediction for sMart Projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- MARTYKA Serge founder
- DE RIJCK Christel founder
Capital transactions
- 09-07-2024 Incorporation · €5,000 · 1,000 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Christel DE RIJCK |
|
| Serge MARTYKA |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 1,000 shares
Articles of association, deed of 09-07-2024 (in Dutch)
Network & group
sMart Projects shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of sMart Projects. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-01
Gazette deed
Registered office moved from Diest to MolenstedeNew seat: Turnhoutsebaan 83, 3294 Molenstede · Previous seat: Bredestraat 7, 3293 Diest2 points ▸
- Board meeting, 01-10-2025
- Registered-office move, Turnhoutsebaan 83, 3294 Molenstede
09-07
Gazette deed
IncorporationStarting capital €5,000 · Appointments: MARTYKA Serge (director) and DE RIJCK Christel (director) · Founder: MARTYKA Serge · Founder: DE RIJCK Christel7 points ▸
- Founder, MARTYKA Serge
- Founder, DE RIJCK Christel
- Founding capital, euro 5.000, 1,000 shares
- Registered office clause, Bredestraat 7, 3293 Diest
- Board rule, 2
- Director appointment, MARTYKA Serge (director (not named in the articles))
- Director appointment, DE RIJCK Christel (director (not named in the articles))
- The act holds 4 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Bredestraat 7, 3293 Diest until 01-10-2025 · act of 29-01-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
35 activities
- Reparatie van producten van metaal
- Loodgieterswerk
- Installatie van verwarming,klimaatregeling en ventilatie
- Overige bouwinstallatie,n.e.g.
- Schrijnwerk
- Plaatsen van vloer- en wandtegels
- Plaatsen van vloerbedekking en wandbekleding van hout
- Plaatsen van behang en vloerbedekking en wandbekleding van andere materialen
- Schilderen van gebouwen
- Schilderen van civieltechnische werken
- Gevelreiniging
- Chapewerken
- Overige gespecialiseerde bouwwerkzaamheden
- Groothandel in behang,verf en woningtextiel
- Groothandel in sanitair
- Groothandel in installatiemateriaal voor loodgieterswerk en verwarming
- Detailhandel in verf en verfwaren in gespecialiseerde winkels
- Detailhandel in sanitaire artikelen en sanitair installatiemateriaal in gespecialiseerde winkels
- Detailhandel in nieuwe kunstvoorwerpen in gespecialiseerde winkels
- Detailhandel via postorderbedrijven of via internet
- Overige posterijen en koeriers
- Reclamebureaus
- Mediarepresentatie
- Markt- en opinieonderzoekbureaus
- Activiteiten van grafische designers
- Activiteiten van interieurdecorateurs
- Overige gespecialiseerde wetenschappelijke en technische activiteiten
- Diensten in verband met beveiligingssystemen
- Overige reiniging van gebouwen;industriële reiniging
- Diverse administratieve activiteiten ten behoeve van kantoren
- Fotokopiëren,documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren
- Callcenters
- Overige zakelijke dienstverlening,n.e.g.
- Scheppende kunsten,m.u.v. ondersteunende diensten
- Schoonheidsverzorging
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1011.232.027
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24073H0080/00M002 | Flanders | 1,170 m² | 1 · 180 m² | 9.1 m · 2 |
| 24046B0146/00N003 | Flanders | 318 m² | 1 · 97 m² | 6.2 m · 2 |