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Complete company report
Generated 23-08-2026
Active BE 0783.851.159Private limited companyOpen bankruptcy

SMART WORK SYSTEMS

Sint Catharinastraat 53 ·2940 Stabroek, Belgium· 4 yrs active
Sector: Vervaardiging van houten emballage (16240)
Conclusion Checked

A bankruptcy procedure is open for SMART WORK SYSTEMS according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure and 3 judicial reorganisations. The 2025 annual accounts show equity of €115k and a net result of €31k.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €115k
Net result €31k
Staff (FTE) 29.7
Better than sector 25%
Financial profile 5 of 5 axes measured · computed by Checked
Health3Profitability100Solvency22Growth52Stability0
35 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 3
Profitability 100
Solvency 22
Growth 52
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
85 / 100
Severe riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 1 interim measure (+5)
· 3 judicial reorganisations (+30)
· Open bankruptcy (+50)
Trust signals 2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2025 · computed
3 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 20-11-2025 with the NBB · fiscal year 2025 · micro
€0€20k€40k€60kOperating result 2023: €57k€57kNet result 2023: €43k€43kOperating result 2024: €47k€47kNet result 2024: €40k€40kOperating result 2025: €56k€56kNet result 2025: €31k€31k202320242025
Operating resultNet result
Sector comparison
Fiscal year 2025 · NACE 16 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 11.4% 43.9%
better than 25% of 53 sector peers
Net result €31k €17k
better than 72% of 52 sector peers
Equity €115k €46k
better than 80% of 53 sector peers
Gross operating margin €1.47M €43k
better than 95% of 52 sector peers
Total assets €1.01M €123k
better than 95% of 53 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€57k
- 23-25
Net profit
€31k
-21.5% 23-25
Cash flow
€32k
- 23-25
Total assets
€1.01M
+43.1% 23-25
Equity
€115k
+37.6% 23-25
Working capital
€113k
+56.8% 23-25
Employees (FTE)
30
+12.5% 23-25
Staff costs
€1.40M
+13.2% 23-25
Show 10 other metrics
Income taxes
€13k
+33.7% 23-25
Debt
€895k
+43.8% 23-25
Debt ≤ 1y
€895k
+43.8% 23-25
Current ratio
1.13
+0.9% 23-25
Quick ratio
1.13
+0.9% 23-25
Solvency
11.4%
-3.8% 23-25
Debt / equity
7.81
+4.5% 23-25
ROE
27.3%
-43.0% 23-25
ROA
3.1%
-45.1% 23-25
Interest coverage
2.42
- 23-25
Figures by fiscal year
Fiscal year2025
Depositmicro
Revenue-
EBITDA€57k
Net profit€31k
Cash flow€32k
Staff costs€1.40M
Income taxes€13k
Dividends-
Total assets€1.01M
Equity€115k
Debt€895k
of which ≤ 1y€895k
of which > 1y-
Working capital€113k
Employees (FTE)29.7
Ratios (computed)
2025
Current ratio1.13
Quick ratio1.13
Working capital ratio11.2%
Solvency11.4%
Debt / equity7.81
Long-term debt ratio-
Interest coverage2.42
Gross margin-
Net margin-
ROA3.1%
ROE27.3%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.01M
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€1.01M
Amounts receivable within one year 40/41€993k
Cash & bank 54/58€14k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.01M
Equity 10/15€115k
Contributions / capital 10/11€100
Reserves 13€10
Accumulated profits (losses) 14€115k
Amounts payable 17/49€895k
Amounts payable within one year 42/48€895k
Trade debts payable within one year 44€592k
Income statement
Gross operating margin 9900€1.47M
Operating result 9901€56k
Financial income 75€12k
Financial charges 65€23k
Result before taxes 9903€45k
Income taxes 67/77€13k
Net result for the period 9904€31k
Result to be appropriated 9905€31k
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator DEAN BRAECKMAN
DURMSTRAAT 29, 9030 MARIA- KERKE (GENT)
 20-07-2026 → present Belgian State Gazette
Legal Structure
NACE primary Vervaardiging van houten emballage(16240)
Legal form Private limited company(610)
Incorporation25-03-2022
StatusActive
Postal code2940
First BS signal 22-12-2025
Latest BS signal 29-07-2026
Establishment units 1 location
SMART WORK SYSTEMS
Veert 6, 2830 WillebroekVervaardiging van houten emballage
since 20222.329.394.820
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11044C0354/00D003 Flanders 278 m² 1 · 103 m² 9.2 m · 2 fl.
12040A0724/00E000 Flanders 276 m² 1 · 182 m² 10.9 m · 2 fl.
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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
29-07-2026
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Gent · SMART WORK SYSTEMS BV SINT CATHARINASTRAAT 53, 2940 STABROEK · event 20-07-2026
06-07-2026
Interim measure Provisional administrator
Ondernemingsrechtbank Gent
11-05-2026
Judicial reorganisation Plan homologation
Ondernemingsrechtbank Gent · 20250031 · event 05-05-2026
16-03-2026
Judicial reorganisation Plan homologation
Ondernemingsrechtbank Gent · 20250031 · event 10-03-2026
2025
22-12-2025
Judicial reorganisation Opening
Ondernemingsrechtbank Gent · collectif_pme · event 16-12-2025
20-11-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
08-10-2025
State Gazette act Capital & shares
v3.2
2024
14-11-2024
NBB filing Annual accounts filed
fiscal year 2024 · micro
13-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
26-01-2023
State Gazette act Capital & shares
v3.2
2022
29-03-2022
State Gazette act Incorporation
oprichting
Lifecycle & Insolvency Signals5 events
29-07-2026
Bankruptcy Opening
Date: 20-07-2026 · Ondernemingsrechtbank Gent, afdeling Gent · SMART WORK SYSTEMS BV SINT CATHARINASTRAAT 53, 2940 STABROEK · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 4 further earlier events in this file, covering 16-12-2025 to 20-07-2026.

Available in Kantoor S. See plans →
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-12-22 · Judicial reorganisation · Opening2026-03-16 · Judicial reorganisation · Plan homologation2026-05-11 · Judicial reorganisation · Plan homologation2026-07-06 · Interim measure · Provisional administrator2026-07-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 4 acts read

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.

Belgisch Staatsblad, acts 3 acts
Capital history · 2
08-10-2025
v3.2
26-01-2023
v3.2
All acts · 3 updated 10 months ago
2025
08-10-2025 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": 49,
      "currency": "BEF",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2025-09-11",
      "evidence_quote": "De Mevrouw FLOREA Alexandra-Daniela verwerft zijn 49 maatschappelijke aandelen aan de heer CURELARU Florin-Daniel en ontslag op 11/09/2025.",
      "contribution_type": null
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0783.851.159",
    "name_full": "SMART WORK SYSTEMS",
    "legal_form": "BV"
  }
}
2023
26-01-2023 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": 49,
      "currency": "BEF",
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2022-11-01",
      "evidence_quote": "De Heer CURELARU Florin-Daniel verwerft 49 aandelen aan mevrouw FLOREA Alexandra-Daniela.",
      "contribution_type": "in_kind"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0783.851.159",
    "name_full": "SMART WORK SYSTEMS",
    "legal_form": "BV"
  }
}
2022
29-03-2022 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "9000 Gent, Zwijnaardsesteenweg 44",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1975-04-27",
        "name": "CURELARU Florin Daniel",
        "niss": null,
        "address": "2830 Willebroek, Veert 6/0101"
      },
      "share_class": "naam",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 0.0,
      "holder_person_name": "CURELARU Florin Daniel",
      "is_subscriber_only": true,
      "n_shares_subscribed": 100,
      "amount_subscribed_eur": 100.0,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 100.0,
  "subject_company": {
    "kbo": "0783.851.159",
    "name_full": "SMART WORK SYSTEMS",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2022-03-25",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Vervaardiging van houten emballage16240Algemene bouw van residentiële gebouwen41001
Primary activity highlighted.
Names & trade names
Legal nameNL SMART WORK SYSTEMS
Registered office
Sint Catharinastraat 53
2940 Stabroek, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative