SMART TEAM V
ActiveThe computed 12-month bankruptcy probability of SMART TEAM V is 2.2% (moderate). The 2024 annual accounts show equity of €95k and a net result of €7k. Equity is growing by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 90% of 1290 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-2
Solvency100▲+47
Growth35▼-17
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 1.12 in 2023; short-term debt: 23.5% and cash: 28.6% of total assets), and 23.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
63 d late
2022
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€1.03M▼ 11.1%
2023 · €1.16M
2023: €1.16M
2023 → 2024
EBIT margin
1.0%▼ 1.4pp
2023 · 2.4%
2023: 2.4%
2023 → 2024
Net result
€7k▼ 65.5%
2023 · €20k
2022: €66k
2023: €20k
2022 → 2024
Working capital
€71k▲ 160%
2023 · €27k
2022: €-877
2023: €27k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€1.16M€1.03M▼ 11.1%
Equity€67k-€88k▲ 30.3%€95k▲ 8.0%
Operating result€89k-€28k▼ 68.7%€11k▼ 61.4%
Net result€66k-€20k▼ 69.0%€7k▼ 65.5%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 61% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €124k
Fixed assets
€23k▼ 61.2%
Current assets
€101k▼ 60.1%
Equity and liabilities €124k
Equity
€95k▲ 8.0%
Debt
€29k▼ 87.0%
The debt ratio falls from 71.9% to 23.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▼
2023 · €63k
Cash flow
€44k▼
2023 · €55k
Solvency
76.5%▲
2023 · 28.1%
Current ratio
3.45▲
2023 · 1.12
Quick ratio
3.45▲
2023 · 1.12
Debt / equity
0.31▼
2023 · 2.56
ROE
7.4%▼
2023 · 23.2%
ROA
5.7%▼
2023 · 6.5%
Interest coverage
421.97▼
2023 · 608.16
Debt
€29k▼
2023 · €224k
Debt ≤ 1 year
€29k▼
2023 · €224k
Income taxes
€4k▼
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€312k€124k▼
Fixed assets21/28€60k€23k▼
Tangible fixed assets22/27€60k€23k▼
Furniture and vehicles24€60k€23k▼
Current assets29/58€252k€101k▼
Amounts receivable after more than one year29€19k€9k▼
Trade receivables290€19k-
Other amounts receivable291-€9k
Amounts receivable within one year40/41€143k€56k▼
Trade receivables40€137k€47k▼
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€90k€35k▼
Equity and liabilities
Total equity and liabilities10/49€312k€124k▼
Equity10/15€88k€95k▲
Contributions10/11€2k€2k=
Capital10€2k-
Issued capital100€2k-
Profit (loss) carried forward14€86k€93k▲
Amounts payable17/49€224k€29k▼
Amounts payable within one year42/48€224k€29k▼
Trade debts44€217k€25k▼
Suppliers440/4€5k€25k▲
Bills of exchange payable441€212k-
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Income statement
Code20232024
Turnover70€1.16M€1.03M▼
Goods, raw materials, services and sundry goods60/61€1.10M€989k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€37k▲
Other operating charges640/8€368€196▼
Gross operating margin9900€63k€48k▼
Operating profit (loss)9901€28k€11k▼
Financial charges65/66B€104€112▲
Recurring financial charges65€104€112▲
Profit (loss) for the period before taxes9903€28k€11k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€20k€7k▼
Profit (loss) for the period to be appropriated9905€20k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€86k€93k▲
Profit (loss) brought forward from the previous period14P€66k€86k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €7k ▼65.5%
Net result drops to €7k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.45
Current ratio from 1.12 to 3.45; short-term debt falls from €224k to €29k.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 63 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aalst · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dom Modest Van Asschelaan 439320 AalstGround area
1,136 m²
Building footprint
781 m²
Volume, LiDAR
7,850 m³
2 parcels, Flanders · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat 17/E2, 1730 Asse
since 20212.318.149.748
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322L0268/00C000 | Flanders | 809 m² | 1 · 617 m² | 18.5 m · 5 fl. |
| 41014A2633/00D003 | Flanders | 327 m² | 1 · 164 m² | 10.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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SOGIBAT
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VOLTAPRO
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L.I.V.-BOUWENWERK
BE 0757.510.216
Ternat · Eq €95k
ALLE BOUWWERKEN DAMME
BE 0879.678.647
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Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 13,157 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43240Other construction installation
43299Specialised construction activities
43910Bricklaying and masonry work
43990Other specialised construction activities
43994Specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:smart.team.victor@gmail.com
Phone:0487244489