SMART TELECOM
ActiveSummary
SMART TELECOM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €8k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 261 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-18
Solvency61▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.5 in 2024; short-term debt: 54.2% and cash: 9.7% of total assets), and 63.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 06-11-2025, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
1 d early
2023
on the day
2022
4 d late
2021
3 d late
2020
6 d late
2019
8 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€144k▲ 6.1%
2024 · €136k
2019: €104klowest in 7 years
2020: €104k▲ +0.7% vs 2019
2021: €108k▲ +3.9% vs 2020
2022: €124k▲ +14.1% vs 2021
2023: €128k▲ +3.7% vs 2022
2024: €136k▲ +6.1% vs 2023
2025: €144k▲ +6.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€395k▲ 1.9%
2024 · €388k
2019: €395k
2020: €541k▲ +37.2% vs 2019
2021: €715k▲ +32.0% vs 2020
2022: €610k▼ -14.6% vs 2021
2023: €767k▲ +25.6% vs 2022highest in 7 years
2024: €388k▼ -49.4% vs 2023lowest in 7 years
2025: €395k▲ +1.9% vs 2024
2019 → 2025
Net result
€8k▼ 82.1%
2024 · €46k
2019: €1k
2020: €693▼ -53.3% vs 2019lowest in 7 years
2021: €4k▲ +480% vs 2020
2022: €57k▲ +1327% vs 2021highest in 7 years
2023: €45k▼ -21.2% vs 2022
2024: €46k▲ +2.7% vs 2023
2025: €8k▼ -82.1% vs 2024
2019 → 2025
Working capital
€102k▲ 5.2%
2024 · €97k
2019: €135k
2020: €136k▲ +0.4% vs 2019highest in 7 years
2021: €69k▼ -49.3% vs 2020
2022: €59k▼ -15.0% vs 2021lowest in 7 years
2023: €93k▲ +59.1% vs 2022
2024: €97k▲ +3.8% vs 2023
2025: €102k▲ +5.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€124k▲ 14.1%€128k▲ 3.7%€136k▲ 6.1%€144k▲ 6.1%
2021: €108klowest in 5 years
2022: €124k▲ +14.1% vs 2021
2023: €128k▲ +3.7% vs 2022
2024: €136k▲ +6.1% vs 2023
2025: €144k▲ +6.1% vs 2024highest in 5 years
Operating result€5k-€62k▲ 1,282%€64k▲ 2.8%€58k▼ 9.4%€21k▼ 64.1%
2021: €5klowest in 5 years
2022: €62k▲ +1282% vs 2021
2023: €64k▲ +2.8% vs 2022highest in 5 years
2024: €58k▼ -9.4% vs 2023
2025: €21k▼ -64.1% vs 2024
Net result€4k-€57k▲ 1,327%€45k▼ 21.2%€46k▲ 2.7%€8k▼ 82.1%
2021: €4klowest in 5 years
2022: €57k▲ +1327% vs 2021highest in 5 years
2023: €45k▼ -21.2% vs 2022
2024: €46k▲ +2.7% vs 2023
2025: €8k▼ -82.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €395k
Fixed assets
€79k ▼ 17.2%
Current assets
€316k ▲ 8.1%
Equity and liabilities €395k
Equity
€144k ▲ 6.1%
Debt
€251k ▼ 0.4%
Debt's share of the balance-sheet total falls from 65.0% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▼
2024 · €75k
Cash flow
€26k▼
2024 · €63k
Current ratio
1.48▼
2024 · 1.50
Quick ratio
1.06▼
2024 · 1.16
Debt to equity
1.74▼
2024 · 1.85
ROE
5.7%▼
2024 · 34.1%
ROA
2.1%▼
2024 · 11.9%
Interest coverage
5.38▼
2024 · 8.93
Debt ≤ 1 year
€214k▲
2024 · €196k
Debt > 1 year
€37k▼
2024 · €57k
Income taxes
€6k▲
2024 · €6k
Staff costs
€240=
2024 · €240
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€388k€395k▲
Fixed assets21/28€96k€79k▼
Intangible fixed assets21€74k€62k▼
Tangible fixed assets22/27€22k€17k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€2k€2k▼
Other tangible fixed assets26€16k€14k▼
Current assets29/58€292k€316k▲
Stocks and contracts in progress3€65k€88k▲
Stocks30/36€35k€36k▲
Contracts in progress37€30k€52k▲
Amounts receivable within one year40/41€187k€188k▲
Trade receivables40€182k€183k▲
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€38k€38k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€388k€395k▲
Equity10/15€136k€144k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Outside capital11€0-
Other1109/19€0-
Reserves13€73k€81k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Reserves not available under the articles1311€0-
Distributable reserves133€67k€75k▲
Profit (loss) carried forward14€556€830▲
Amounts payable17/49€252k€251k▼
Amounts payable after more than one year17€57k€37k▼
Financial debts170/4€57k€37k▼
Amounts payable within one year42/48€196k€214k▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€27k€31k▲
Suppliers440/4€27k€31k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€169k€183k▲
Accrued charges and deferred income492/3-€294
Income statement
Code20242025
Remuneration, social security and pensions62€240€240=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€7k€0▼
Other operating charges640/8€5k€2k▼
Non-recurring operating charges66A€235€0▼
Gross operating margin9900€87k€40k▼
Operating profit (loss)9901€58k€21k▼
Financial income75/76B€2k€357▼
Recurring financial income75€2k€357▼
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Profit (loss) for the period before taxes9903€52k€14k▼
Income taxes67/77€6k€6k▲
Profit (loss) for the period9904€46k€8k▼
Profit (loss) for the period to be appropriated9905€46k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€9k▼
Profit (loss) brought forward from the previous period14P€249€556▲
Transfer to equity691/2€8k€8k▲
To other reserves6921€8k€8k▲
Profit to be distributed694/7€39k€0▼
Directors or managers695€39k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €240 | €240 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €15k | €17k | €17k | €17k | ▲ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €-2k | €7k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €669 | €9k | €5k | €2k | ▼ 60.9% |
| Non-recurring operating charges66A | - | €18k | - | €235 | €0 | ▼ 100% |
| Gross operating margin9900 | €19k | €99k | €88k | €87k | €40k | ▼ 53.9% |
| Operating profit (loss)9901 | €5k | €62k | €64k | €58k | €21k | ▼ 64.1% |
| Financial income75/76B | - | €5k | €3k | €2k | €357 | ▼ 84.5% |
| Recurring financial income75 | €10k | €5k | €3k | €2k | €357 | ▼ 84.5% |
| Financial charges65/66B | - | €7k | €18k | €8k | €7k | ▼ 15.5% |
| Recurring financial charges65 | €11k | €7k | €18k | €8k | €7k | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €4k | €60k | €48k | €52k | €14k | ▼ 72.8% |
| Income taxes67/77 | €8 | €3k | €3k | €6k | €6k | ▲ 4.4% |
| Profit (loss) for the period9904 | €4k | €57k | €45k | €46k | €8k | ▼ 82.1% |
| Transfer from tax-exempt reserves789 | - | €18k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4k | €76k | €45k | €46k | €8k | ▼ 82.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €715k | €610k | €767k | €388k | €395k | ▲ 1.9% |
| Fixed assets21/28 | €107k | €105k | €110k | €96k | €79k | ▼ 17.2% |
| Intangible fixed assets21 | €98k | €88k | €86k | €74k | €62k | ▼ 16.4% |
| Tangible fixed assets22/27 | €9k | €17k | €24k | €22k | €17k | ▼ 19.8% |
| Plant, machinery and equipment23 | - | €9k | €7k | €4k | €2k | ▼ 50.0% |
| Furniture and vehicles24 | - | €1k | €1k | €2k | €2k | ▼ 28.8% |
| Other tangible fixed assets26 | - | €7k | €16k | €16k | €14k | ▼ 11.3% |
| Current assets29/58 | €608k | €506k | €657k | €292k | €316k | ▲ 8.1% |
| Stocks and contracts in progress3 | €45k | €33k | €65k | €65k | €88k | ▲ 35.4% |
| Stocks30/36 | - | €33k | €25k | €35k | €36k | ▲ 2.9% |
| Contracts in progress37 | - | - | €40k | €30k | €52k | ▲ 73.3% |
| Amounts receivable within one year40/41 | €542k | €432k | €572k | €187k | €188k | ▲ 0.5% |
| Trade receivables40 | - | €244k | €380k | €182k | €183k | ▲ 0.8% |
| Other amounts receivable41 | - | €188k | €192k | €5k | €4k | ▼ 11.2% |
| Cash at bank and in hand54/58 | €11k | €22k | €17k | €38k | €38k | ▼ 0.4% |
| Deferred charges and accrued income490/1 | - | €19k | €3k | €2k | €2k | ▼ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €715k | €610k | €767k | €388k | €395k | ▲ 1.9% |
| Equity10/15 | €108k | €124k | €128k | €136k | €144k | ▲ 6.1% |
| Contributions10/11 | - | €62k | €62k | €62k | €62k | = |
| Capital10 | - | - | - | €62k | €62k | = |
| Issued capital100 | - | - | - | €62k | €62k | = |
| Outside capital11 | - | €62k | €62k | €0 | - | - |
| Other1109/19 | - | €62k | €62k | €0 | - | - |
| Reserves13 | €41k | €61k | €66k | €73k | €81k | ▲ 10.9% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | - | - | €6k | €6k | = |
| Reserves not available under the articles1311 | - | €6k | €6k | €0 | - | - |
| Distributable reserves133 | - | €55k | €60k | €67k | €75k | ▲ 11.9% |
| Profit (loss) carried forward14 | €5k | €214 | €248 | €556 | €830 | ▲ 49.4% |
| Amounts payable17/49 | €606k | €487k | €639k | €252k | €251k | ▼ 0.4% |
| Amounts payable after more than one year17 | €67k | €40k | €75k | €57k | €37k | ▼ 35.4% |
| Financial debts170/4 | - | €4k | - | €57k | €37k | ▼ 35.4% |
| Other amounts payable178/9 | - | €35k | €75k | - | - | - |
| Amounts payable within one year42/48 | €539k | €447k | €564k | €196k | €214k | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | - | €23k | €4k | €0 | - | - |
| Trade debts44 | €262k | €44k | €298k | €27k | €31k | ▲ 17.4% |
| Suppliers440/4 | - | €44k | €298k | €27k | €31k | ▲ 17.4% |
| Taxes, remuneration and social security45 | - | €3k | €3k | €0 | - | - |
| Taxes450/3 | - | €3k | €3k | €0 | - | - |
| Other amounts payable47/48 | - | €377k | €258k | €169k | €183k | ▲ 8.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €294 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €57k | €45k | €46k | €8k | ▼ 82.1% |
| + Depreciation and write-downs630 | €5k | €15k | €17k | €17k | €17k | ▲ 2.3% |
| Operating cash flow (approximation) | €9k | €72k | €62k | €63k | €26k | ▼ 59.6% |
| Investment in fixed assets (approximation) | - | €-13k | €-22k | €-3k | €-850 | ▲ 67.8% |
| Change in cash | - | €11k | €-6k | €22k | €-162 | ▼ 101% |
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
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
31-03
Financial
Highest result since 2019net €57k ▲1,327%
Net result €57k, the highest in the series.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
31-03
Financial
Weakest financial yearnet €693 ▼53.3%
Net result drops to €693, the lowest in the series; recovery starts the following year.
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lendelede · 1 establishment unit since 2002
Ground area
842 m²
Building footprint
174 m²
Volume, LiDAR
1,375 m³
Parcel 34025C0288/00V000, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SMART TELECOM
since 20022.101.832.325
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34025C0288/00V000 | Flanders | 842 m² | 1 · 173 m² | 13.4 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,193 EUR awarded · 1,193 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,193 EUR | 1,193 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,374 companies in sector 61100 we hold annual accounts for 584. 410 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-11-2000
Fiscal year end31-03
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.