Smart World
ActiveThe computed 12-month bankruptcy probability of Smart World is 2.7% (moderate). The 2025 annual accounts show negative equity (€-25k) and a net result of €-30k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 7278 sector peers (fiscal year 2025). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
12
/ 100
Critical▼ -61 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency36▼-4
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.63 against 4.01 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-67.3%
Return on assets
-82.4%
Age of the figures
8 mo
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 →
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
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€25k
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
83 d early
2023
21 d late
2022
38 d early
2021
27 d early
2020
36 d early
2019
15 d early
← before the deadline
after the deadline →
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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-25k
2024 · €6k
2018: €-39k
2019: €-39k
2020: €-40k
2021: €-55k
2022: €-65k
2023: €2k
2024: €6k
2018 → 2025
Total assets
€36k▼ 32.0%
2024 · €54k
2018: €2k
2019: €2k
2020: €11k
2021: €43k
2022: €32k
2023: €86k
2024: €54k
2018 → 2025
Net result
€-30k
2024 · €3k
2018: €-921
2019: €-666
2020: €-907
2021: €-15k
2022: €-9k
2023: €67k
2024: €3k
2018 → 2025
Working capital
€-8k
2024 · €28k
2018: €18
2019: €-648
2020: €-11k
2021: €-51k
2022: €-52k
2023: €19k
2024: €28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-55k-€-65k▼ 16.6%€2k€6k▲ 128%€-25k
Operating result€-15k-€-9k▲ 41.5%€74k€4k▼ 94.8%€-29k
Net result€-15k-€-9k▲ 39.8%€67k€3k▼ 95.4%€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €29k after €4k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€23k▲ 37.1%
Current assets
€14k▼ 62.6%
Key figures and ratios
EBITDA
€-25k▼
2024 · €9k
Cash flow
€-26k▼
2024 · €9k
Solvency
-67.3%▼
2024 · 10.3%
Current ratio
0.63▼
2024 · 4.01
Quick ratio
0.63▼
2024 · 4.01
Debt / equity
-2.49▼
2024 · 8.72
ROE
122.5%▲
2024 · 56.0%
ROA
-82.4%▼
2024 · 5.8%
Interest coverage
-43.82▼
2024 · 14.97
Debt
€61k▲
2024 · €48k
Debt ≤ 1 year
€22k▲
2024 · €9k
Debt > 1 year
€39k=
2024 · €39k
Income taxes
€132▼
2024 · €140
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€54k€36k▼
Fixed assets21/28€16k€23k▲
Tangible fixed assets22/27€16k€23k▲
Plant, machinery and equipment23€147€13▼
Furniture and vehicles24€546€1k▲
Other tangible fixed assets26€16k€21k▲
Current assets29/58€37k€14k▼
Amounts receivable within one year40/41€373€12k▲
Trade receivables40€373€11k▲
Other amounts receivable41-€68
Cash at bank and in hand54/58€36k€2k▼
Deferred charges and accrued income490/1€802€728▼
Equity and liabilities
Total equity and liabilities10/49€54k€36k▼
Equity10/15€6k€-25k▼
Contributions10/11€20k€20k=
Reserves13€67k€67k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€-81k€-111k▼
Amounts payable17/49€48k€61k▲
Amounts payable after more than one year17€39k€39k=
Financial debts170/4€39k€39k=
Amounts payable within one year42/48€9k€22k▲
Trade debts44€13€8k▲
Suppliers440/4€13€8k▲
Taxes, remuneration and social security45€8k€371▼
Taxes450/3€8k€371▼
Other amounts payable47/48€921€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€578€582▲
Gross operating margin9900€10k€-24k▼
Operating profit (loss)9901€4k€-29k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€622€570▼
Recurring financial charges65€622€570▼
Profit (loss) for the period before taxes9903€3k€-30k▼
Income taxes67/77€140€132▼
Profit (loss) for the period9904€3k€-30k▼
Profit (loss) for the period to be appropriated9905€3k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-81k€-111k▼
Profit (loss) brought forward from the previous period14P€-84k€-81k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-30k ▼1072%
Net result drops to €-30k, the lowest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 4.01
Current ratio from 1.43 to 4.01; short-term debt falls from €45k to €9k.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €67k
Net result €67k after 5 loss-making years.
31-12
Financial
Liquidity times 13current ratio 1.43
Current ratio from 0.11 to 1.43; short-term debt falls from €58k to €45k.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 2 establishment units since 1991
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.
Maesstraat 1A1050 ElseneGround area
179 m²
Building footprint
92 m²
Volume, LiDAR
1,075 m³
2 parcels, Brussels · tallest building 16.5 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Smart World
since 19912.054.699.233
Smart World
since 20212.317.519.248
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0001/00D057 | Brussels | 134 m² | 1 · 49 m² | 12.8 m · 4 fl. |
| 21442A0138/00F006 | Brussels | 45 m² | 1 · 44 m² | 16.5 m · 5 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
IMMO PROJECT LEADING
BE 0865.721.436
Sint-Truiden · Eq €6k
IMPERBAT
BE 0478.132.004
Aiseau-Presles · Eq €6k
I.C. ZLADIAN Construct
BE 0792.587.394
Kraainem · Eq €6k
INVEST FUTUR ASDL
BE 0800.584.847
Sint-Pieters-Leeuw · Eq €6k
Zelo Services
BE 1011.377.032
Villers-la-Ville · Eq €6k
Of 29,533 companies in sector 41001 we hold annual accounts for 15,863. 6,747 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-1991
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.