Smart Tech
ActiveSummary
The computed 12-month bankruptcy probability of Smart Tech is 1.9% (moderate). The 2025 annual accounts show equity of €140k and a net result of €52k. Equity is growing by ~34.8% per year across the filed fiscal years. Its solvency ranks better than 50% of 7838 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+5
Solvency69▼-5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.71 in 2024; short-term debt: 55.8% and cash: 0.4% of total assets), but 55.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
44.2%
Return on assets
16.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
35 d late
2023
25 d late
2022
22 d late
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, abbreviated schema
Equity
€140k▲ 11.5%
2024 · €126k
Total assets
€317k▲ 22.8%
2024 · €258k
Net result
€52k▲ 63.3%
2024 · €32k
Working capital
€99k▲ 6.1%
2024 · €93k
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
Line20212022202320242025
Operating result€56k-€34k▼ 38.5%€38k▲ 11.8%€56k▲ 47.1%€82k▲ 46.1%
Net result€38k-€21k▼ 45.5%€25k▲ 19.9%€32k▲ 29.3%€52k▲ 63.3%
Equity€48k-€69k▲ 43.1%€93k▲ 36.1%€126k▲ 34.3%€140k▲ 11.5%
Total assets€105k-€122k▲ 16.5%€171k▲ 40.4%€258k▲ 50.7%€317k▲ 22.8%
Debt€57k-€53k▼ 6.1%€78k▲ 46.0%€132k▲ 70.6%€177k▲ 33.6%
Working capital€12k-€40k▲ 218%€55k▲ 39.1%€93k▲ 68.7%€99k▲ 6.1%
Staff (FTE)2-0.9▼ 55.0%1.9▲ 111%3.3▲ 73.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 46% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €317k
Fixed assets
€41k ▲ 27.1%
Current assets
€276k ▲ 22.2%
Equity and liabilities €317k
Equity
€140k ▲ 11.5%
Debt
€177k ▲ 33.6%
Debt's share of the balance-sheet total rises from 51.3% to 55.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2024 · €71k
Cash flow
€69k▲
2024 · €46k
Current ratio
1.56▼
2024 · 1.71
Quick ratio
1.51▼
2024 · 1.64
Debt to equity
1.26▲
2024 · 1.05
ROE
37.4%▲
2024 · 25.5%
ROA
16.6%▲
2024 · 12.4%
Interest coverage
10.39▲
2024 · 7.27
Debt ≤ 1 year
€177k▲
2024 · €132k
Income taxes
€23k▲
2024 · €15k
Staff costs
€185k▲
2024 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €49k | €38k | €76k | €117k | €185k | ▲ 58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €17k | €11k | €14k | €17k | ▲ 18.9% |
| Other operating charges640/8 | €3k | €2k | €3k | €7k | €5k | ▼ 21.0% |
| Non-recurring operating charges66A | €13k | €0 | €5k | - | - | - |
| Gross operating margin9900 | €133k | €91k | €133k | €194k | €290k | ▲ 49.1% |
| Operating profit (loss)9901 | €56k | €34k | €38k | €56k | €82k | ▲ 46.1% |
| Financial income75/76B | €165 | €2k | €3k | €733 | €3k | ▲ 313% |
| Recurring financial income75 | €165 | €2k | €3k | €733 | €3k | ▲ 313% |
| Financial charges65/66B | €3k | €7k | €5k | €10k | €10k | ▼ 1.6% |
| Recurring financial charges65 | €3k | €7k | €5k | €10k | €10k | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €52k | €29k | €36k | €47k | €76k | ▲ 60.0% |
| Income taxes67/77 | €14k | €9k | €11k | €15k | €23k | ▲ 53.0% |
| Profit (loss) for the period9904 | €38k | €21k | €25k | €32k | €52k | ▲ 63.3% |
| Profit (loss) for the period to be appropriated9905 | €38k | €21k | €25k | €32k | €52k | ▲ 63.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105k | €122k | €171k | €258k | €317k | ▲ 22.8% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €35k | €29k | €38k | €32k | €41k | ▲ 27.1% |
| Tangible fixed assets22/27 | €35k | €29k | €36k | €30k | €38k | ▲ 29.5% |
| Land and buildings22 | - | - | €5k | €4k | €3k | ▼ 18.0% |
| Plant, machinery and equipment23 | €11k | €13k | €11k | €9k | €5k | ▼ 47.7% |
| Furniture and vehicles24 | €25k | €16k | €20k | €17k | €28k | ▲ 68.7% |
| Other tangible fixed assets26 | - | - | - | - | €2k | - |
| Financial fixed assets28 | - | - | €3k | €3k | €3k | = |
| Current assets29/58 | €69k | €93k | €133k | €226k | €276k | ▲ 22.2% |
| Stocks and contracts in progress3 | - | €9k | €15k | €9k | €9k | = |
| Stocks30/36 | - | €9k | €15k | €9k | €9k | = |
| Amounts receivable within one year40/41 | €56k | €59k | €98k | €143k | €258k | ▲ 81.0% |
| Trade receivables40 | €51k | €51k | €89k | €115k | €230k | ▲ 99.7% |
| Other amounts receivable41 | €4k | €9k | €9k | €27k | €28k | ▲ 1.7% |
| Cash at bank and in hand54/58 | €10k | €20k | €18k | €74k | €1k | ▼ 98.4% |
| Deferred charges and accrued income490/1 | €4k | €4k | €2k | - | €7k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105k | €122k | €171k | €258k | €317k | ▲ 22.8% |
| Equity10/15 | €48k | €69k | €93k | €126k | €140k | ▲ 11.5% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €38k | €59k | €83k | €115k | €130k | ▲ 12.5% |
| Distributable reserves133 | €38k | €59k | €83k | €115k | €130k | ▲ 12.5% |
| Profit (loss) carried forward14 | - | - | - | €78 | - | - |
| Amounts payable17/49 | €57k | €53k | €78k | €132k | €177k | ▲ 33.6% |
| Amounts payable within one year42/48 | €57k | €53k | €78k | €132k | €177k | ▲ 33.6% |
| Financial debts43 | - | - | - | - | €20k | - |
| Credit institutions430/8 | - | - | - | - | €20k | - |
| Trade debts44 | €21k | €16k | €27k | €71k | €55k | ▼ 21.8% |
| Suppliers440/4 | €21k | €16k | €27k | €71k | €55k | ▼ 21.8% |
| Taxes, remuneration and social security45 | €29k | €23k | €30k | €36k | €44k | ▲ 23.5% |
| Taxes450/3 | €18k | €15k | €25k | €31k | €28k | ▼ 8.0% |
| Remuneration and social security454/9 | €11k | €8k | €5k | €5k | €16k | ▲ 203% |
| Other amounts payable47/48 | €7k | €15k | €20k | €25k | €57k | ▲ 123% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38k | €21k | €25k | €32k | €52k | ▲ 63.3% |
| + Depreciation and write-downs630 | €12k | €17k | €11k | €14k | €17k | ▲ 18.9% |
| Operating cash flow (approximation) | €50k | €38k | €36k | €46k | €69k | ▲ 49.7% |
| Investment in fixed assets (approximation) | - | €-10k | €-20k | €-8k | €-26k | ▼ 210% |
| Change in cash | - | €11k | €-2k | €56k | €-72k | ▼ 230% |
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
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €52k ▲63.3%
Operating result €82k, net result €52k, both a record.
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Equity above €100kEq €126k ▲34.3%
4 profitable years in a row build equity to €126k.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet €21k ▼45.5%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Heusden-Zolder · 1 establishment unit since 2020
Ground area
4,915 m²
Building footprint
1,385 m²
Volume, LiDAR
11,465 m³
Parcel 71502C0656/00E000, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Smart Tech
since 20202.306.823.118
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502C0656/00E000 | Flanders | 4,915 m² | 1 · 1,385 m² | 9.8 m · 3 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
10 categoriesSmart Tech BV41079
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,659 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
Founded04-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
68121Development of residential building projects
68122Development of non-residential building projects
43212Electrical installation work in industrial facilities
47540Retail sale of electrical household appliances
Contact
Website
info@smart-techbv.beHeusden-Zolder
Scores and ratios are computed by Checked and are not a credit decision.