Smart Retail Development

Active Public limited companyfounded 2007active for 19 yearsDriehoeksdreef 15, 2980 ZoerselKBO/BCE: BE 0886.754.303 #2 employer in Zoersel, Wholesale and retail trade sector

Financial year 2026

Follow Report Compare

Annual accounts 2026

full format, filed on 28-10-2026, 3 days before the deadline

€1.8m

▲ 20.1%

€372,636

▲ 31.6%

€316,266

▲ 3.4%

€2.1m

▲ 7.5%

31.4%

▲ 8.0 percentage points

3.85

▲ 1.17

The turnover shown is an estimate from the gross margin.

Turnover ≈ €12.0m. Estimated: probably between €7.2m and €14.0m.

In the rankings #2 employer in Zoersel, Wholesale and retail trade sector #8 company by total assets in Zoersel, Wholesale and retail trade sector

Balance sheet

balance sheet total €4.9m on 31-03-2026

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

31.4%

Higher than 35% of 5,068 companies in 2025.

3.85

Higher than 76% of 4,994 companies in 2025.

6.4%

Higher than 63% of 5,037 companies in 2025.

Smart Retail Development Middle half of the sector 80% of the sector Full accounts in retail trade (NACE 47)

Staff

€45,506

Staff costs divided by the average number of full-time equivalents.

+9 people

people who joined people who left

In 2026, 22 people joined and 13 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2026	2025	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	4.9m	5.3m	5.5m	5.8m	5.6m	310,506	259,739	208,807	210,526	259,897	275,908	319,927	374,324	423,657	446,834	510,533	72,869	68,506
`21/28`	2.1m	2.2m	2.5m	2.8m	2.6m	22,739	30,824	5,511	53,944	105,858	157,222	204,178	265,338	325,168	380,433	395,827	13,795	20,990
`21`	1.1m	1.3m	1.5m	1.7m	1.9m	-	-	-	-	-	-	-	-	-	-	-	-	-
`22/27`	1.1m	927,015	1.0m	1.1m	709,382	22,739	30,824	5,511	3,768	5,507	6,695	3,475	14,460	24,114	29,204	44,577	13,795	20,990
`23`	661,287	658,856	701,018	762,478	525,117	-	-	-	-	-	-	-	-	-	-	-	-	-
`24`	49,310	74,022	108,106	126,041	34,555	20,111	27,820	2,132	3,768	5,507	6,695	3,475	14,460	24,114	29,204	44,577	13,795	20,990
`26`	223,484	194,136	223,961	253,192	149,710	2,629	3,004	3,380	-	-	-	-	-	-	-	-	-	-
`27`	119,519	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	13,000	13,000	13,000	11,500	11,500	-	-	-	50,176	100,351	150,527	200,702	250,878	301,053	351,229	351,250	-	-
`29/58`	2.8m	3.1m	3.0m	3.0m	3.0m	287,766	228,915	203,296	156,582	154,038	118,686	115,750	108,986	98,489	66,401	114,706	59,074	47,516
`3`	705,456	682,792	681,861	759,124	892,834	-	-	-	-	-	-	-	-	-	-	-	-	-
`30/36`	705,456	682,792	681,861	759,124	892,834	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	282,159	272,414	312,619	184,448	296,686	53,119	54,647	38,930	43,500	59,230	29,361	65,280	36,068	47,130	47,575	48,330	33,795	120
`40`	198,828	172,396	300,307	133,159	231,619	53,119	54,647	37,405	43,500	59,230	28,930	65,280	32,616	47,130	44,407	44,407	27,225	-
`41`	83,331	100,019	12,313	51,290	65,067	-	-	1,525	-	-	431	-	3,452	-	3,168	3,923	6,570	120
`50/53`	-	-	1.6m	902,259	737,799	-	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	1.8m	2.1m	380,653	1.2m	1.0m	232,228	171,504	164,367	113,082	94,809	89,325	50,470	72,918	51,360	18,826	66,375	25,278	47,157
`490/1`	13,178	18,208	30,832	40,477	29,226	2,419	2,763	-	-	-	-	-	-	-	-	-	-	240
Balance sheet: equity and liabilities
`10/49`	4.9m	5.3m	5.5m	5.8m	5.6m	310,506	259,739	208,807	210,526	259,897	275,908	319,927	374,324	423,657	446,834	510,533	72,869	68,506
`10/15`	1.6m	1.2m	1.1m	1.0m	999,312	256,460	170,146	125,489	101,825	93,763	77,906	70,976	64,874	51,755	35,637	36,037	38,041	30,399
`10/11`	400,000	400,000	400,000	400,000	400,000	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
`10`	400,000	400,000	400,000	400,000	400,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	400,000	400,000	400,000	400,000	400,000	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100
`13`	1.1m	815,995	710,000	611,034	589,628	241,860	151,860	111,860	56,860	56,860	56,860	56,860	46,860	36,860	21,860	21,860	21,860	16,860
`130/1`	40,000	40,000	40,000	21,034	19,628	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`130`	40,000	40,000	40,000	21,034	19,628	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	-	-	-	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1.1m	775,995	670,000	590,000	570,000	240,000	150,000	110,000	55,000	55,000	55,000	55,000	45,000	35,000	20,000	20,000	20,000	15,000
`14`	1,169	1,169	1,169	6,798	9,685	2,100	5,786	1,129	32,465	24,403	8,546	1,616	5,514	2,395	1,277	1,677	3,681	1,039
`15`	16,817	19,620	22,422	25,225	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	3.4m	4.0m	4.4m	4.8m	4.6m	54,046	89,593	83,319	108,700	166,134	198,002	248,952	309,450	371,902	411,197	474,496	34,828	38,107
`17`	2.2m	2.4m	1.1m	1.3m	1.5m	12,812	20,023	-	-	20,833	70,833	120,833	178,162	237,602	296,677	358,204	9,257	15,342
`170/4`	753,846	946,432	1.1m	1.3m	1.5m	12,812	20,023	-	-	20,833	70,833	120,833	178,162	237,602	296,677	358,204	9,257	15,342
`175`	1.5m	1.5m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	729,024	1.1m	2.6m	2.8m	3.1m	40,371	65,754	68,264	103,067	137,955	122,360	123,891	126,917	130,428	110,648	116,292	25,571	22,766
`42`	192,586	191,897	191,224	192,414	186,852	7,211	7,132	-	20,833	50,000	50,000	57,328	59,440	59,075	61,527	64,841	6,085	5,737
`43`	-	-	0	35,000	-	-	-	-	-	-	-	-	-	639	-	5,000	10,040	6,907
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	639	-	5,000	10,040	6,907
`439`	-	-	0	35,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	376,190	363,492	1.9m	1.9m	2.3m	3,401	2,804	6,322	4,557	10,227	7,802	4,336	10,820	9,603	3,773	3,423	9,446	5,713
`440/4`	376,190	363,492	1.9m	1.9m	2.3m	3,401	2,804	6,322	4,557	10,227	7,802	4,336	10,820	9,603	3,773	3,423	9,446	5,713
`45`	148,416	194,035	145,123	120,152	101,842	28,496	14,548	16,476	8,248	19,136	6,195	11,293	11,515	14,226	2,319	-	-	4,409
`450/3`	21,367	38,874	15,596	931	4,342	28,496	14,548	16,476	8,248	19,136	6,120	11,251	11,515	14,226	2,319	-	-	4,409
`454/9`	127,049	155,162	129,527	119,221	97,500	-	-	-	-	-	74	42	-	-	-	-	-	-
`47/48`	11,832	400,082	432,781	552,797	552,486	1,263	41,270	45,465	69,429	58,591	58,363	50,933	45,143	46,885	43,029	43,029	-	-
`492/3`	411,111	493,333	586,477	664,028	3,103	863	3,816	15,055	5,633	7,346	4,809	4,227	4,371	3,873	3,873	-	-	-
Income statement
`76A`	-	-	82,222	164,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9900`	1.8m	1.5m	1.5m	1.2m	1.3m	138,137	80,283	96,196	72,850	90,350	74,994	85,126	102,422	108,593	90,107	79,410	23,110	47,057
`62`	1.0m	816,889	747,627	777,715	633,049	-	-	-	-	-	-	-	-	-	-	-	-	-
`630`	359,335	354,685	354,960	319,772	170,489	8,084	8,206	52,188	51,914	53,360	52,524	61,161	61,579	61,149	65,548	59,279	7,194	12,590
`640/8`	11,593	9,291	11,770	20,116	1,071	1,130	651	233	863	1,143	1,146	1,242	1,711	1,571	1,447	2,733	778	1,684
`9901`	372,636	283,128	374,740	48,993	459,656	128,923	71,427	43,776	20,073	35,846	21,324	22,723	39,132	45,873	23,112	17,398	15,138	32,783
`75/76B`	98,121	107,908	33,849	2,803	44	180	162	1	-	50	137	135	99	128	178	91	67	49
`75`	98,121	107,908	33,849	2,803	44	180	162	1	-	50	137	135	99	128	178	91	67	49
`65/66B`	42,863	39,555	40,746	33,125	39,101	1,231	4,026	5,327	7,499	8,958	10,526	12,153	14,576	16,467	18,936	14,874	1,539	2,517
`65`	42,863	39,555	40,746	33,125	39,101	1,231	4,026	5,327	7,499	8,958	10,526	12,153	14,576	16,467	18,936	14,874	1,539	2,517
`9903`	427,894	351,480	367,843	18,671	420,598	127,872	67,563	38,450	12,574	26,938	10,935	10,705	24,655	29,534	4,354	2,615	13,666	30,315
`67/77`	111,629	45,485	74,505	152	65,246	41,558	22,906	14,787	4,511	11,081	4,005	4,604	11,536	13,416	4,753	4,619	6,023	12,416
`9904`	316,266	305,995	293,338	18,519	355,353	86,314	44,657	23,663	8,063	15,857	6,930	6,102	13,119	16,118	-400	-2,004	7,642	17,899
`9905`	316,266	305,995	293,338	18,519	355,353	86,314	44,657	23,663	8,063	15,857	6,930	6,102	13,119	16,118	-400	-2,004	7,642	17,899
Appropriation of the result
`9906`	317,435	307,164	300,136	28,204	357,452	92,100	45,786	56,129	32,465	24,403	8,546	11,616	15,514	17,395	1,277	1,677	8,681	17,899
`14P`	1,169	1,169	6,798	9,685	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	316,266	105,995	98,966	21,406	347,768	90,000	40,000	55,000	-	-	-	10,000	10,000	15,000	-	-	5,000	16,860
`6920`	-	-	18,966	1,406	17,768	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6921`	316,266	105,995	80,000	20,000	330,000	90,000	40,000	55,000	-	-	-	10,000	10,000	15,000	-	-	5,000	15,000
`694/7`	0	200,000	200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	-	200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`695`	0	200,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	22.3	19.7	18.8	18.7	15.4	-	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	37,710	31,442	29,240	30,316	27,511	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 26 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 28-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-03-2026	full format	28-10-2026	2026-00570772	PDF
31-03-2025	abbreviated format	28-11-2025	2025-00572210	PDF
31-03-2024	abbreviated format	30-10-2024	2024-00527379	PDF
31-03-2023	abbreviated format	30-10-2023	2023-00500719	PDF
31-03-2022	abbreviated format	21-11-2022	2022-20523569	PDF
30-09-2020	abbreviated format	30-04-2021	2021-12400292	PDF
30-09-2019	abbreviated format	30-04-2020	2020-11100411	PDF
30-09-2018	abbreviated format	30-04-2019	2019-12200273	PDF
30-09-2017	abbreviated format	30-04-2018	2018-11500508	PDF
30-09-2016	abbreviated format	29-04-2017	2017-11100171	PDF
30-09-2015	abbreviated format	31-03-2016	2016-08900492	PDF
30-09-2014	abbreviated format	30-04-2015	2015-11300047	PDF
30-09-2013	abbreviated format	29-04-2014	2014-11400027	PDF
30-09-2012	abbreviated format	08-05-2013	2013-11600164	PDF
30-09-2011	abbreviated format	24-05-2012	2012-12600322	PDF
30-09-2010	abbreviated format	31-05-2011	2011-14100081	PDF
30-09-2009	abbreviated format	30-04-2010	2010-10600294	PDF
30-09-2008	abbreviated format	27-04-2009	2009-12200272	PDF

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €38,578 awarded, €38,578 paid

Vlaams opleidingsverlof (VOV)

€9,933

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€617

Ecologiepremie+

2×

Year	Entries	Awarded	Paid
2025	1	€2,237	€2,237
2024	2	€3,691	€3,691
2023	3	€4,622	€15,833
2022	2	€28,028	€16,817

Key figures and ratios

per financial year, computed from the annual accounts

2026	2025	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
731,971	637,813	729,700	368,764	630,145	137,007	79,632	95,964	71,987	89,206	73,849	83,884	100,711	107,021	88,660	76,676	22,332	45,373
675,601	660,680	648,298	338,291	525,842	94,398	52,863	75,851	59,977	69,217	59,455	67,262	74,698	77,267	65,148	57,275	14,837	30,489
299,460	48,615	47,833	581,234	2.7m	0	33,518	3,755	0	1,997	5,569	-0	1,749	7,230	50,154	441,610	0	33,580
-302,823	1.7m	-769,963	113,863	-	60,723	7,138	51,285	18,273	5,484	38,855	-22,448	21,558	32,534	-47,550	41,097	-21,878	-
2.1m	1.9m	354,778	225,892	-109,791	247,395	163,161	135,033	53,514	16,084	-3,674	-8,142	-17,932	-31,939	-44,247	-1,586	33,502	24,750
31.4%	23.4%	20.7%	17.8%	17.9%	82.6%	65.5%	60.1%	48.4%	36.1%	28.2%	22.2%	17.3%	12.2%	8.0%	7.1%	52.2%	44.4%
3.85	2.68	1.14	1.08	0.96	7.13	3.48	2.98	1.52	1.12	0.97	0.93	0.86	0.76	0.60	0.99	2.31	2.09
2.89	2.09	0.88	0.81	0.68	7.13	3.48	2.98	1.52	1.12	0.97	0.93	0.86	0.76	0.60	0.99	2.31	2.09
2.18	3.27	3.84	4.61	4.58	0.21	0.53	0.66	1.07	1.77	2.54	3.51	4.77	7.19	11.54	13.17	0.92	1.25
20.4%	24.7%	25.9%	1.8%	35.6%	33.7%	26.2%	18.9%	7.9%	16.9%	8.9%	8.6%	20.2%	31.1%	-1.1%	-5.6%	20.1%	58.9%
6.4%	5.8%	5.3%	0.3%	6.4%	27.8%	17.2%	11.3%	3.8%	6.1%	2.5%	1.9%	3.5%	3.8%	-0.1%	-0.4%	10.5%	26.1%
17.08	16.12	17.91	11.13	16.12	-	-	-	-	-	-	-	-	-	-	-	-	-

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	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Employees at the balance-sheet date	32	23	21	24	24
full-time	16	12	9	11	13
part-time	16	11	12	13	11
in full-time equivalents	24.3	20.4	17.3	19.9	20.5
	22.3	19.7	18.8	18.7	15.4
On a permanent contract	21	19	17	20	21
Joined	22	12	13	11	36
Left	13	10	16	11	12
Training hours	0	0	-	-	-

Source: social balance sheet in the 2022 to 2026 annual accounts

Securities and guarantees

on own assets and for others

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Debts secured on the company's own assets	-	-	€1.3m	€1.5m	€1.7m
	-	-	€2.1m	€2.1m	€2.1m

Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	31-03-2026	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	€299,460	€48,615	€46,333	€581,234	€716,706
Intangible fixed assets	-	-	-	-	€2.0m
Financial fixed assets	€0	-	€1,500	-	€11,500
	€359,335	€354,685	€354,960	€319,772	€170,489

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on Smart Retail Development

The operating result for 2026 is 32% higher than in 2025. It is a recovery after the fall in 2025.

Debt's share of the balance-sheet total falls from 76.6% to 68.6%. Equity is higher and debt is lower.

Large changes and their cause

2023 Net result -95% on 2022. The previous financial year ran 18 months, this one 12.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2026

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency31.4%

Current ratio3.85

Return on assets6.4%

Staff

Staff cost per FTE€45,506

Joined and left+9 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 8 entries, €38,578 awarded, €38,578 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on Smart Retail Development

Next steps

in €m

in €m

31.4%

3.85

6.4%

€45,506

+9 people