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 has been growing by about 10% per year since 2018. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 31-08-2007 Normal situation
- Registered office
- 17 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- “Het geven van adviezen en de dienstverlening aan vennootschappen, ondernemingen en particulieren in verband…” (deed in Dutch)From the articles, 11 activitiesNo NACE code in the KBO yet
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2023
- Establishment unit
- 2.165.002.881 8200 Brugge, since 22-08-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €164,871
- ▼ 17.9%
- Turnover
- ≈ €410,000
- estimated
- Profit
- €38,986
- ▼ 29.2%
- Equity
- €465,543
- ▼ 14.7%
- Total assets
- €761,802
- ▼ 13.5%
- Staff
- ≈ 2.1 FTE
- estimated
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 02-08-2025)1 financial year not filed after the legal deadlinelowers riskSize: total assets €761,802Equity €465,543 (61.1% of total assets)Show the evidence
Checked score
About 5 in 1,000 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 (no NACE code, micro). It does better than 52% of them on solvency, 59% on liquidity, 57% on profitability and 21% on growth.
The bankruptcy probability was computed on 02-11-2026 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 6 accounts on average 4 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 31-07-2025 PDF all 17 filings
Every figure per financial year
The operating result for 2024 is 36% lower than in 2023 and the lowest since 2020. It is the second fall in a row.
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 | 31-12-2021 | 31-12-2022 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Mortgages, amount registered | €132,250 | €132,250 | €132,250 | €132,250 |
| Mortgage mandates | €297,732 | €297,732 | €297,732 | €297,732 |
| Carrying value of the mortgaged assets | €281,390 | €269,814 | €258,237 | €246,660 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €338,400 | €15,406 | €13,996 | - |
| Depreciation and write-downs of the year | €71,261 | €41,376 | €36,417 | €33,361 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
| 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 | - |
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, 17,811 companies had the same profile as SMART SOFTWARE has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SMART SOFTWARE itself: 0.5% 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 17,811 companies, not a prediction for SMART SOFTWARE. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-01-2023 Converted to unavailable equity
- 05-01-2023 Converted to available equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Wet of statuten aan algemene vergadering, 1”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Gelijk aandeel, 1”
Articles of association, deed of 05-01-2023 (in Dutch)
Network & group
SMART SOFTWARE shares no director with another company.
Companies at the same address
16 other companies- DESK 21 Establishment · since 2026 0413583551
- Blondeel, Saskia (sole trader) Establishment · since 2025 0812197628
- Nextbike Belgium Registered office · since 2024 1017443886
- LUISA SPAGNOLI BELGIUM Registered office · since 2023 1002126301
- Young Perfect Belgium Registered office · since 2021 0770932739
- Masters 247 Registered office · since 2021 0764975553
- TAYA EUROPE Registered office · since 2020 0743659606
- SCHOONMAAKWOEDE Registered office · since 2019 0739956976
- ESPEJO Establishment · since 2016 0656535590
- La Montagne Registered office · since 2009 0811378868
Connections & network
1 current directorThe network starts from the directors of SMART SOFTWARE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-06
Gazette deed
Registered office moved to BruggeNew seat: Torhoutse Steenweg 246, 8200 Brugge · Correction · Director in office4 points ▸
- Board meeting, 20-12-2023
- Correction, “materiële vergissing, integrale tekst notulen en publicatie vervangen door onderstaande tekst” (deed in Dutch)
- Director in office, Michiel De Smet (sole director)
- Registered-office move, Torhoutse Steenweg 246,8200 Brugge
21-03
Gazette deed
Registered office moved from Antwerpen to BruggeNew seat: Torhoutse Steenweg 250 8200 Brugge · Previous seat: 2000 Antwerpen, Arenbergstraat 22 bus 4012 points ▸
- Board meeting, 20-12-2023
- Registered-office move, Torhoutse Steenweg 250 8200 Brugge
05-01
Gazette deed
Registered office moved to AntwerpenNew seat: 2000 Antwerpen, Arenbergstraat 22 bus 401 · Capital · Capital conversion11 points ▸
- Capital
- General meeting, 13-12-2022
- Registered-office move, 2000 Antwerpen, Arenbergstraat 22 bus 401
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “beschikbare eigen vermogensrekening” (deed in Dutch)
- Net-asset statement, 6150, EUR
- Other provision, “vrijstelling van volstortingsplicht”, 6150 (deed in Dutch)
- Other provision, “invoering mogelijkheid dagelijks bestuur, invoering” (deed in Dutch)
- Other provision, “mogelijkheid elektronisch algemene vergadering, toevoeging” (deed in Dutch)
- Other provision, “uitkering interim-dividenden, mits naleving toepasselijke wettelijke bepalingen” (deed in Dutch)
- Amendment of the articles
Show earlier events
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
- 2000 Antwerpen until 01-01-2024 · act of 21-03-2024
Activities
11 activities
- Het geven van adviezen en de dienstverlening aan vennootschappen, ondernemingen en particulieren in verband met informatica, domotica, telefonie;
- Het kopen en verkopen zowel in het groot als in detailhandel, de in- en uitvoer van goederen in de automatiseringssector, hardware, software, informatica en toebehoren;
- De huur- en verhuur van hardware en alle bijhorigheden ;
- De opleiding en het inrichten van computercursussen ;
- Het ontwerp, onderhoud, hosting, restyling van websites en applicaties;
- De aankoop, verkoop, verhuur, import, export, samenstelling, ontwerp, onderhoud, reparaties van: hardware, software, toebehoren, supplies, wisselstukken, werktuigen, kantoormateriaal, kantoormachines, hifi, elektronica, audio- en videoapparatuur;
- Het geven van opleidingen, cursussen;
- Het beheer van onroerende en roerende goederen welke onder meer omvat de verwerving, de vervreemding, het beheer, de uitbating, de huur en verhuur ervan.
- Het analyseren, ontwerpen en schrijven van computerprogramma's en applicaties.
- Het begeleiden van de administratie, informatica, organisatie en management van ondernemingen.
- Het verlenen van bijstand, advies en leiding aan bedrijven, privépersonen en instellingen voornamelijk doch niet uitsluitend, op het vlak van management, marketing, productie en ontwikkeling, processing, informatica en het besturen van vennootschappen, dit alles in de meest ruime betekenis.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31027D0504/00K000 | Flanders | 1,332 m² | 1 · 804 m² | 14.8 m · 4 |