smart systemes
smart systemes has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €4k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
| Equity | €1k |
| Net result | €4k |
| Staff (FTE) | 1 |
| Better than sector | 12% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.0% | 47.4% | |
| Net result | €4k | €10k | |
| Equity | €1k | €60k | |
| Gross operating margin | €24k | €39k | |
| Staff costs | €18k | €40k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | +232.3% | -36.7% | -79.5% | +218.5% | - |
| Net profit | - | - | -97.2% | +147.9% | - |
| Cash flow | +208.9% | -37.6% | -77.2% | +200.6% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | +7549.8% | -93.1% | -93.8% | +296.6% | - |
| Dividends | - | - | - | - | - |
| Total assets | +83.7% | -12.1% | -16.2% | +67.1% | - |
| Equity | -88.5% | -6.0% | +2.5% | +112.9% | - |
| Debt | +4244.8% | -65.7% | -67.8% | +4.7% | - |
| of which ≤ 1y | +4244.8% | -65.7% | -67.8% | +4.7% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | - | +34.2% | +121.6% | -0.8% | - |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.00 | 16.44 | 4.94 | 1.57 | 1.60 |
| Quick ratio | 1.00 | 16.44 | 4.94 | 1.57 | 1.60 |
| Working capital ratio | -0.4% | 61.3% | 40.2% | 15.2% | 25.6% |
| Solvency | 6.0% | 96.0% | 89.8% | 73.5% | 57.7% |
| Debt / equity | 15.60 | 0.04 | 0.11 | 0.36 | 0.73 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 22.37 | 6.85 | 13.27 | 177.18 | 394.04 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 24.5% | -6.1% | 2.2% | 65.3% | 44.0% |
| ROE | 405.9% | -6.4% | 2.4% | 88.9% | 76.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €17k | €9k | €10k | €12k | €7k |
| Fixed assets | 21/28 | €1k | €3k | €5k | €7k | €2k |
| Tangible fixed assets | 22/27 | €1k | €3k | €5k | €7k | €2k |
| Current assets | 29/58 | €16k | €6k | €5k | €5k | €5k |
| Amounts receivable within one year | 40/41 | €332 | €4k | €3k | €2k | €992 |
| Cash & bank | 54/58 | €15k | €2k | €2k | €3k | €4k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €17k | €9k | €10k | €12k | €7k |
| Equity | 10/15 | €1k | €9k | €9k | €9k | €4k |
| Contributions / capital | 10/11 | €1k | €1k | €1k | €1k | €1k |
| Reserves | 13 | - | €8k | €8k | €8k | €3k |
| Amounts payable | 17/49 | €16k | €359 | €1k | €3k | €3k |
| Amounts payable within one year | 42/48 | €16k | €359 | €1k | €3k | €3k |
| Trade debts payable within one year | 44 | €491 | €128 | €728 | €405 | €685 |
| Income statement | ||||||
| Gross operating margin | 9900 | €24k | €2k | €3k | €16k | €4k |
| Operating result | 9901 | €5k | €-298 | €591 | €11k | €4k |
| Financial income | 75 | €4 | €1 | €7 | €11 | - |
| Financial charges | 65 | €248 | €243 | €198 | €73 | €10 |
| Result before taxes | 9903 | €5k | €-541 | €399 | €11k | €4k |
| Income taxes | 67/77 | €933 | €12 | €176 | €3k | €718 |
| Net result for the period | 9904 | €4k | €-553 | €223 | €8k | €3k |
| Result to be appropriated | 9905 | €4k | €-553 | €223 | €8k | €3k |
| NACE primary | Electrical installation work in industrial facilities(43212) |
| Legal form | General partnership(011) |
| Incorporation | 20-05-2021 |
| Status | Active |
| Postal code | 3300 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0715/00A000 | Flanders | 401 m² | 1 · 375 m² | 11.8 m · 2 fl. |
| 63022A0662/00L000 | Wallonia | 338 m² | 1 · 94 m² | 9.7 m · 3 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-12-2024 Registered office moved to Tienen
- Leuvensestraat 131 Bus 2, 3300 Tienen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Leuvensestraat 131 Bus 2, 3300 Tienen",
"city": "Tienen",
"region": "vlaams_gewest",
"street": "Leuvensestraat",
"country": "BE",
"postcode": "3300",
"box_number": "2",
"street_number": "131",
"locality_suffix": null
},
"old_address": null,
"effective_date": "2024-10-18",
"evidence_quote": "AZZOUZI AZIZ, bestuurder, beslist de wijziging van de maatschappelijke Zetel naar Leuvensestraat 131 Bus 2, 3300 Tienen.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Tienen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-12-06",
"filing_date": "2024-11-28",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-10-17",
"unanimous": true
},
"subject_company": {
"kbo": "0768.600.581",
"name_full": "SMART SYSTEMES",
"legal_form": "vennootschap onder firma"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "AZZOUZI AZIZ",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}| Legal nameNL | smart systemes |