SMART SOFTWARE
ActiveSummary
SMART SOFTWARE has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €465,543 and a net result of €38,986, of which €19,581 non-recurring income. Equity is growing by about 10% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.5% (very low).
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 24 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 36% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 17,811 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €19,581 | - |
| Remuneration, social security and pensions62 | - | - | - | €59,138 | €63,400 | €79,835 | €73,715 | ▼ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,181 | €22,983 | €27,051 | €71,261 | €41,376 | €36,417 | €33,361 | ▼ 8.4% |
| Other operating charges640/8 | - | - | - | €2,783 | €2,708 | €12,018 | €11,523 | ▼ 4.1% |
| Gross operating margin9900 | €164,234 | €135,149 | €192,702 | €204,907 | €188,517 | €200,791 | €164,871 | ▼ 17.9% |
| Operating profit (loss)9901 | €77,906 | €64,828 | €87,804 | €71,725 | €81,033 | €72,521 | €46,272 | ▼ 36.2% |
| Financial income75/76B | - | - | - | €400 | €1,990 | €11,336 | €16,728 | ▲ 47.6% |
| Recurring financial income75 | €1,036 | €0 | €0 | €400 | €1,990 | €11,336 | €16,728 | ▲ 47.6% |
| Financial charges65/66B | - | - | - | €5,171 | €13,454 | €11,455 | €4,928 | ▼ 57.0% |
| Recurring financial charges65 | €1,477 | €586 | €793 | €5,171 | €13,454 | €11,455 | €4,928 | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | €77,466 | €64,242 | €87,011 | €66,954 | €69,568 | €72,403 | €58,071 | ▼ 19.8% |
| Income taxes67/77 | €21,626 | €18,567 | €25,784 | €26,258 | €26,568 | €17,306 | €19,086 | ▲ 10.3% |
| Profit (loss) for the period9904 | €55,839 | €45,675 | €61,227 | €40,696 | €43,001 | €55,098 | €38,986 | ▼ 29.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €18,750 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €55,839 | €45,675 | €61,227 | €59,446 | €43,001 | €55,098 | €38,986 | ▼ 29.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €363,707 | €410,186 | €506,685 | €884,977 | €895,718 | €880,864 | €761,802 | ▼ 13.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €260,409 | €237,426 | €239,857 | €506,996 | €481,026 | €458,604 | €425,243 | ▼ 7.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €260,409 | €237,426 | €239,857 | €506,996 | €481,026 | €458,604 | €425,243 | ▼ 7.3% |
| Land and buildings22 | - | - | - | €481,067 | €465,032 | €447,091 | €417,312 | ▼ 6.7% |
| Furniture and vehicles24 | - | - | - | €16,305 | €7,390 | €3,929 | €1,367 | ▼ 65.2% |
| Other tangible fixed assets26 | - | - | - | €9,624 | €8,604 | €7,584 | €6,564 | ▼ 13.4% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €103,298 | €172,760 | €266,829 | €377,981 | €414,692 | €422,260 | €336,558 | ▼ 20.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €50,260 | €38,585 | €144,953 | €46,310 | €24,662 | €35,017 | €251,954 | ▲ 620% |
| Trade receivables40 | - | - | - | €42,691 | €12,239 | €11,131 | €10,406 | ▼ 6.5% |
| Other amounts receivable41 | - | - | - | €3,619 | €12,422 | €23,886 | €241,547 | ▲ 911% |
| Current investments50/53 | €0 | - | - | - | - | €376,822 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €51,566 | €131,346 | €120,809 | €331,670 | €390,030 | €10,421 | €75,360 | ▲ 623% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - | - | €9,245 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €363,707 | €410,186 | €506,685 | €884,977 | €895,718 | €880,864 | €761,802 | ▼ 13.5% |
| Equity10/15 | €300,367 | €346,041 | €407,268 | €447,964 | €490,965 | €546,062 | €465,543 | ▼ 14.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €140,109 | €185,784 | €247,011 | €287,707 | €330,707 | €385,805 | €305,286 | ▼ 20.9% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | €285,852 | €330,707 | €385,805 | €305,286 | ▼ 20.9% |
| Profit (loss) carried forward14 | €147,857 | €147,857 | €147,857 | €147,857 | €147,857 | €147,857 | €147,857 | = |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €63,341 | €64,144 | €99,417 | €437,013 | €404,753 | €334,802 | €296,258 | ▼ 11.5% |
| Amounts payable after more than one year17 | €0 | - | - | €292,770 | €275,085 | €257,212 | €239,150 | ▼ 7.0% |
| Financial debts170/4 | - | - | - | €292,770 | €275,085 | €257,212 | €239,150 | ▼ 7.0% |
| Amounts payable within one year42/48 | €61,841 | €64,144 | €99,417 | €142,987 | €129,668 | €77,590 | €57,108 | ▼ 26.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17,500 | €17,685 | €17,873 | €18,062 | ▲ 1.1% |
| Trade debts44 | €2,322 | €0 | €286 | €0 | €2,079 | €2,315 | €3,262 | ▲ 40.9% |
| Suppliers440/4 | - | - | - | €0 | €2,079 | €2,315 | €3,262 | ▲ 40.9% |
| Taxes, remuneration and social security45 | - | - | - | €56,238 | €62,001 | €52,406 | €29,244 | ▼ 44.2% |
| Taxes450/3 | - | - | - | €41,985 | €43,576 | €33,773 | €12,540 | ▼ 62.9% |
| Remuneration and social security454/9 | - | - | - | €14,253 | €18,425 | €18,633 | €16,703 | ▼ 10.4% |
| Other amounts payable47/48 | - | - | - | €69,249 | €47,903 | €4,996 | €6,540 | ▲ 30.9% |
| Accrued charges and deferred income492/3 | - | - | - | €1,256 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €55,839 | €45,675 | €61,227 | €40,696 | €43,001 | €55,098 | €38,986 | ▼ 29.2% |
| + Depreciation and write-downs630 | €25,181 | €22,983 | €27,051 | €71,261 | €41,376 | €36,417 | €33,361 | ▼ 8.4% |
| Operating cash flow (approximation) | €81,020 | €68,658 | €88,277 | €111,956 | €84,377 | €91,515 | €72,346 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | €0 | -€29,481 | -€338,400 | -€15,406 | -€13,996 | €0 | - |
| Change in cash | - | €79,780 | -€10,537 | €210,861 | €58,360 | -€379,609 | €64,939 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 31-07-2025 | 2025-00351017 |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00320352 |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00119585 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20388348 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43600546 |
| 31-12-2019 | micro format | 31-07-2020 | 2020-38200163 |
| 31-12-2018 | micro format | 30-07-2019 | 2019-41000541 |
| 31-12-2017 | micro format | 31-07-2018 | 2018-41700142 |
| 31-12-2016 | micro format | 28-06-2017 | 2017-25800357 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-59100227 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.