SMARTAPPS
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€53,164
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 05-01-2026, 207 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
207 d early
2024
24 d early
2023
20 d early
2022
3 d late
2021
3 d late
2020
26 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?Nuclys · 450 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€32,694▼ 89.3%
2022 · €306,730
EBIT margin
-2215.5%▼ 2205.7pp
2022 · -9.8%
Net result
-€53,164▲ 94.4%
2024 · -€941,713
Working capital
-€1.7m▼ 3.4%
2023 · -€1.6m
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
Turnover€401,340▲ 8.7%€306,730▼ 23.6%€32,694▼ 89.3%
Operating result-€31,520▼ 573%-€30,096▲ 4.5%-€724,332▼ 2,307%€169,750-€14,185
Net result€1.3m-€111,481-€796,903▼ 615%-€941,713▼ 18.2%-€53,164▲ 94.4%
EBIT margin-7.9%▼ 6.6pp-9.8%▼ 2.0pp-2215.5%▼ 2205.7pp
Equity€2.6m▲ 103%€2.5m▼ 4.3%€1.7m▼ 32.3%€727,061▼ 56.4%€673,897▼ 7.3%
Total assets€3.6m▼ 2.8%€3.4m▼ 5.5%€3.3m▼ 2.0%€2.4m▼ 26.2%€673,897▼ 72.5%
Debt€1.0m▼ 58.4%€918,930▼ 8.4%€1.6m▲ 79.5%€1.7m▲ 4.4%
Working capital-€895,502▼ 27.1%-€823,145▲ 8.1%-€1.6m▼ 96.8%-€1.7m▼ 3.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14,185 after €169,750 in 2024.
Key figures and ratios
EBITDA
-€14,163▼
2024 · €169,950
Cash flow
-€53,142▲
2024 · -€941,513
Solvency
100.0%▲
2024 · 29.7%
ROE
-7.9%▲
2024 · -129.5%
ROA
-7.9%▲
2024 · -38.5%
Interest coverage
-0.36▼
2024 · 1.79
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €401,340 | €306,730 | €32,694 | - | - | - |
| Non-recurring operating income76A | - | €105 | €30,222 | €175,875 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €430,926 | €327,796 | €40,199 | €5,450 | €11,998 | ▲ 120% |
| Remuneration, social security and pensions62 | €239 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €200 | €200 | €200 | €200 | €22 | ▼ 88.9% |
| Other operating charges640/8 | €1,494 | €1,466 | €12,392 | €1,551 | €2,165 | ▲ 39.6% |
| Non-recurring operating charges66A | - | €7,470 | €740,000 | - | - | - |
| Gross operating margin9900 | -€29,586 | -€20,961 | €28,260 | €171,501 | -€11,998 | ▼ 107% |
| Operating profit (loss)9901 | -€31,520 | -€30,096 | -€724,332 | €169,750 | -€14,185 | ▼ 108% |
| Financial income75/76B | €1.4m | - | - | - | €69 | - |
| Recurring financial income75 | €1.4m | - | - | - | €69 | - |
| Financial charges65/66B | €42,538 | €81,384 | €72,440 | €1.1m | €39,048 | ▼ 96.5% |
| Recurring financial charges65 | €42,538 | €34,764 | €72,440 | €94,751 | €39,048 | ▼ 58.8% |
| Non-recurring financial charges66B | - | €46,620 | - | €1.0m | - | - |
| Profit (loss) for the period before taxes9903 | €1.3m | -€111,481 | -€796,772 | -€941,713 | -€53,164 | ▲ 94.4% |
| Income taxes67/77 | - | - | €132 | - | - | - |
| Profit (loss) for the period9904 | €1.3m | -€111,481 | -€796,903 | -€941,713 | -€53,164 | ▲ 94.4% |
| Profit (loss) for the period to be appropriated9905 | €1.3m | -€111,481 | -€796,903 | -€941,713 | -€53,164 | ▲ 94.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.4m | €3.3m | €2.4m | €673,897 | ▼ 72.5% |
| Fixed assets21/28 | €3.5m | €3.3m | €3.3m | €2.4m | - | - |
| Tangible fixed assets22/27 | €622 | €422 | €222 | €22 | - | - |
| Furniture and vehicles24 | €622 | €422 | €222 | €22 | - | - |
| Financial fixed assets28 | €3.5m | €3.3m | €3.3m | €2.4m | - | - |
| Current assets29/58 | €107,772 | €95,785 | €29,898 | €47,801 | €673,897 | ▲ 1,310% |
| Amounts receivable within one year40/41 | €97,720 | €90,734 | €24,847 | €43,768 | €671,578 | ▲ 1,434% |
| Trade receivables40 | €89,144 | €78,393 | €441 | - | - | - |
| Other amounts receivable41 | €8,576 | €12,341 | €24,406 | €43,768 | €671,578 | ▲ 1,434% |
| Cash at bank and in hand54/58 | €10,000 | €5,000 | €5,000 | €4,032 | €2,318 | ▼ 42.5% |
| Deferred charges and accrued income490/1 | €52 | €52 | €52 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.4m | €3.3m | €2.4m | €673,897 | ▼ 72.5% |
| Equity10/15 | €2.6m | €2.5m | €1.7m | €727,061 | €673,897 | ▼ 7.3% |
| Contributions10/11 | €652,000 | €652,000 | €652,000 | €652,000 | €652,000 | = |
| Capital10 | €652,000 | €652,000 | €652,000 | €652,000 | €652,000 | = |
| Issued capital100 | €652,000 | €652,000 | €652,000 | €652,000 | €652,000 | = |
| Reserves13 | €1.9m | €1.8m | €1.0m | €75,060 | €65,200 | ▼ 13.1% |
| Non-distributable reserves130/1 | €65,200 | €65,200 | €65,200 | €65,200 | €65,200 | = |
| Legal reserve130 | €65,200 | €65,200 | €65,200 | €65,200 | €65,200 | = |
| Distributable reserves133 | €1.9m | €1.7m | €951,000 | €9,860 | - | - |
| Profit (loss) carried forward14 | €58 | - | €574 | €1 | -€43,303 | ▼ 4,204,294% |
| Amounts payable17/49 | €1.0m | €918,930 | €1.6m | €1.7m | - | - |
| Amounts payable within one year42/48 | €1.0m | €918,930 | €1.6m | €1.7m | - | - |
| Current portion of amounts payable after more than one year42 | €600,000 | - | - | - | - | - |
| Trade debts44 | €92,988 | €44,379 | €27,278 | €25,378 | - | - |
| Suppliers440/4 | €92,988 | €44,379 | €27,278 | €25,378 | - | - |
| Other amounts payable47/48 | €310,286 | €874,551 | €1.6m | €1.7m | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | -€111,481 | -€796,903 | -€941,713 | -€53,164 | ▲ 94.4% |
| + Depreciation and write-downs630 | €200 | €200 | €200 | €200 | €22 | ▼ 88.9% |
| Operating cash flow (approximation) | €1.3m | -€111,281 | -€796,703 | -€941,513 | -€53,142 | ▲ 94.4% |
| Investment in fixed assets (approximation) | - | €183,638 | €0 | €887,165 | - | - |
| Change in cash | - | -€5,001 | -€0 | -€967 | -€1,714 | ▼ 77.2% |
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
05-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€941,713
Net result drops to -€941,713, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 3 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
31-12
Financial
Back to profitnet €1.3m
Net result €1.3m after one loss-making year.
31-12
Financial
Equity above €2mEq €2.6m ▲103%
Equity rises from €1.3m to €2.6m.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1mEq €1.3m ▲470%
2 profitable years in a row build equity to €1.3m.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- Nuclys
- De Cronos Groep
- Divirsiti
- SMARTAPPS
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 1
- DivirsitiparentSourceown accounts 2025100%
Holdings 1
- SMARTWATTSsubsidiary100%
According to the 2025 annual accounts of SMARTAPPS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.