SMART SERVICES
ActiveSummary
SMART SERVICES has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10,482 and a net result of -€1,796. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 42% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability52▼-48
Solvency39▼-2
Growth81▼-2
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.78 against 2.08 in 2023; short-term debt: 20.5% and cash: 36.3% of total assets), but 86.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.8%
Return on assets
-2.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
9 d early
2022
7 d early
2021
31 d early
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€169,071▲ 10.3%
2023 · €153,304
EBIT margin
-0.3%▼ 17.6pp
2023 · 17.3%
Net result
-€1,796
2023 · €25,470
Working capital
€12,086▼ 40.2%
2023 · €20,210
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€67,936▼ 17.4%€102,413▲ 50.7%€136,668▲ 33.4%€153,304▲ 12.2%€169,071▲ 10.3%
Operating result€119-€12,108€5,599€26,520▲ 374%-€543
Net result-€90▲ 95.0%-€12,498▼ 13,787%€4,703€25,470▲ 442%-€1,796
EBIT margin0.2%▲ 2.2pp-11.8%▼ 12.0pp4.1%▲ 15.9pp17.3%▲ 13.2pp-0.3%▼ 17.6pp
Equity-€5,397▼ 1.7%-€17,895▼ 232%-€13,192▲ 26.3%€12,278€10,482▼ 14.6%
Total assets€24,806▼ 18.5%€32,552▲ 31.2%€43,059▲ 32.3%€76,884▲ 78.6%€76,114▼ 1.0%
Debt€30,203▼ 15.5%€50,447▲ 67.0%€56,251▲ 11.5%€64,606▲ 14.9%€65,632▲ 1.6%
Working capital€1,463▼ 53.4%€13,155▲ 799%€4,088▼ 68.9%€20,210▲ 394%€12,086▼ 40.2%
Staff (FTE)2=4▲ 100%1.8▼ 55.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €543 after €26,520 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €76,114
Fixed assets
€48,445 ▲ 27.4%
Current assets
€27,669 ▼ 28.8%
Equity and liabilities €76,114
Equity
€10,482 ▼ 14.6%
Debt
€65,632 ▲ 1.6%
Debt's share of the balance-sheet total rises from 84.0% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,869▼
2023 · €31,021
Cash flow
€5,616▼
2023 · €29,971
Current ratio
1.78▼
2023 · 2.08
Debt to equity
6.26▲
2023 · 5.26
ROE
-17.1%▼
2023 · 207.4%
ROA
-2.4%▼
2023 · 33.1%
Interest coverage
5.26▼
2023 · 28.23
Debt ≤ 1 year
€15,583▼
2023 · €18,647
Debt > 1 year
€50,049▲
2023 · €45,959
Income taxes
€18▲
2023 · €3
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,550 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,550 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €67,936 | €102,413 | €136,668 | €153,304 | €169,071 | ▲ 10.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €60,099 | €90,526 | €120,011 | €160,349 | ▲ 33.6% |
| Remuneration, social security and pensions62 | - | €49,986 | €31,571 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,616 | €1,526 | €3,233 | €4,501 | €7,412 | ▲ 64.7% |
| Other operating charges640/8 | - | €2,910 | €5,739 | €2,272 | €1,853 | ▼ 18.4% |
| Gross operating margin9900 | €37,067 | €42,314 | €46,142 | €33,293 | €8,722 | ▼ 73.8% |
| Operating profit (loss)9901 | €119 | -€12,108 | €5,599 | €26,520 | -€543 | ▼ 102% |
| Financial income75/76B | - | €11 | €3 | €52 | €72 | ▲ 38.5% |
| Recurring financial income75 | - | €11 | €3 | €52 | €72 | ▲ 38.5% |
| Financial charges65/66B | - | €401 | €899 | €1,099 | €1,307 | ▲ 18.9% |
| Recurring financial charges65 | €209 | €401 | €899 | €1,099 | €1,307 | ▲ 18.9% |
| Profit (loss) for the period before taxes9903 | -€90 | -€12,498 | €4,703 | €25,473 | -€1,778 | ▼ 107% |
| Income taxes67/77 | - | - | - | €3 | €18 | ▲ 500% |
| Profit (loss) for the period9904 | -€90 | -€12,498 | €4,703 | €25,470 | -€1,796 | ▼ 107% |
| Profit (loss) for the period to be appropriated9905 | -€90 | -€12,498 | €4,703 | €25,470 | -€1,796 | ▼ 107% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,806 | €32,552 | €43,059 | €76,884 | €76,114 | ▼ 1.0% |
| Fixed assets21/28 | €7,797 | €6,271 | €27,132 | €38,027 | €48,445 | ▲ 27.4% |
| Intangible fixed assets21 | €7,333 | €6,111 | €4,889 | €3,667 | €2,444 | ▼ 33.4% |
| Tangible fixed assets22/27 | €304 | - | €22,083 | €34,200 | €45,841 | ▲ 34.0% |
| Land and buildings22 | - | - | €1,033 | - | - | - |
| Plant, machinery and equipment23 | - | - | €1,475 | €736 | €2,339 | ▲ 218% |
| Furniture and vehicles24 | - | - | - | €4,807 | €3,312 | ▼ 31.1% |
| Other tangible fixed assets26 | - | - | €19,575 | €28,657 | €40,190 | ▲ 40.2% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €17,009 | €26,281 | €15,927 | €38,857 | €27,669 | ▼ 28.8% |
| Stocks and contracts in progress3 | €653 | €1,564 | €0 | - | - | - |
| Stocks30/36 | - | €1,564 | €0 | - | - | - |
| Amounts receivable within one year40/41 | €13,229 | - | €4,397 | - | €19 | - |
| Trade receivables40 | - | - | €4,397 | - | - | - |
| Other amounts receivable41 | - | - | - | - | €19 | - |
| Cash at bank and in hand54/58 | €2,134 | €23,366 | €9,445 | €36,330 | €27,650 | ▼ 23.9% |
| Deferred charges and accrued income490/1 | - | €1,351 | €2,085 | €2,527 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,806 | €32,552 | €43,059 | €76,884 | €76,114 | ▼ 1.0% |
| Equity10/15 | -€5,397 | -€17,895 | -€13,192 | €12,278 | €10,482 | ▼ 14.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€11,597 | -€24,095 | -€19,392 | €6,078 | €4,282 | ▼ 29.5% |
| Amounts payable17/49 | €30,203 | €50,447 | €56,251 | €64,606 | €65,632 | ▲ 1.6% |
| Amounts payable after more than one year17 | €14,657 | €37,321 | €44,412 | €45,959 | €50,049 | ▲ 8.9% |
| Other amounts payable178/9 | - | €37,321 | €44,412 | €45,959 | €50,049 | ▲ 8.9% |
| Amounts payable within one year42/48 | €15,546 | €13,126 | €11,839 | €18,647 | €15,583 | ▼ 16.4% |
| Trade debts44 | €6,008 | €3,358 | €3,763 | €11,102 | €996 | ▼ 91.0% |
| Suppliers440/4 | - | €3,358 | €3,763 | €11,102 | €996 | ▼ 91.0% |
| Taxes, remuneration and social security45 | - | €9,768 | €8,076 | €7,545 | €14,587 | ▲ 93.3% |
| Taxes450/3 | - | €4,287 | €4,413 | €3,647 | €2,998 | ▼ 17.8% |
| Remuneration and social security454/9 | - | €5,481 | €3,663 | €3,898 | €11,589 | ▲ 197% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€90 | -€12,498 | €4,703 | €25,470 | -€1,796 | ▼ 107% |
| + Depreciation and write-downs630 | €1,616 | €1,526 | €3,233 | €4,501 | €7,412 | ▲ 64.7% |
| Operating cash flow (approximation) | €1,526 | -€10,972 | €7,936 | €29,971 | €5,616 | ▼ 81.3% |
| Investment in fixed assets (approximation) | - | €0 | -€24,094 | -€15,396 | -€17,830 | ▼ 15.8% |
| Change in cash | - | €21,232 | -€13,921 | €26,885 | -€8,680 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €25,470 ▲442%
Operating result €26,520, net result €25,470, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,703
Net result €4,703 after 4 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€12,498
Net result drops to -€12,498, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2018
Ground area
159 m²
Building footprint
89 m²
Parcel 25083F0026/00M000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Belle Chine
since 20182.271.708.029
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083F0026/00M000 | Wallonia | 159 m² | 1 · 89 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,999 companies in sector 96999 we hold annual accounts for 602. 347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
96999Other personal services
96230Day spas, saunas and steam baths
Contact
E-mail
bellechine@foxmail.comOttignies-Louvain-la-Neuve
Phone
010412888Ottignies-Louvain-la-Neuve
E-invoicing
Reachable via Peppol
Peppol ID
0208:0687847091
Also
9925:BE0687847091
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.