SmartBe
ActiveSummary
SmartBe has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13.1m) and a net result of -€2.4m. Equity is shrinking by about 38% per year across the filed financial years. Its solvency ranks better than 6% of 2,746 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 13.4 FTE
- Equity
- -€13.1m
- Deficit
- -€2.4m
- Holdings
- 1
- L'Association professionnelle des métiers de la création ASBLDirector
- SmartCoopDirector
Why 53raises riskCapped at 59: negative equityNegative equity -€13.1mLoss of €2.4m, the second in a row (financial year 2025)Liquidity: current ratio 0.31, cash €563,197, halvedlowers riskLegal form: private foundationShow the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small): better than 1% on solvency, 4% on liquidity, 19% on profitability and 7% on growth.
The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Permanent representative: Sylvie MariqueGazette deed
- Appointment: Scrl RSM InterAudit (commissaire aux…Profit allocation · Director discharge…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 160% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83.1% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 598 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €3.6m | €3.3m | €3.8m | €2.9m | €2.6m | ▼ 8.5% |
| Turnover70 | - | €16.6m | €13.9m | €3.1m | €2.9m | €0.03m | €0.005m | €463 | ▼ 90.1% |
| Own construction capitalised72 | - | - | - | €0.2m | €0.1m | €0.5m | €0.2m | €0.1m | ▼ 22.0% |
| Membership fees, donations, legacies and grants73 | - | - | - | - | - | - | €0.02m | €0.01m | ▼ 48.0% |
| Other operating income74 | - | - | - | €0.2m | €0.3m | €3.3m | €2.6m | €2.4m | ▼ 9.2% |
| Non-recurring operating income76A | - | - | - | €0.08m | €496 | €0.05m | €0.007m | €0.06m | ▲ 800% |
| Operating charges60/66A | - | - | - | €7.4m | €3.0m | €3.3m | €2.8m | €2.5m | ▼ 11.9% |
| Services and other goods61 | - | - | - | €0.7m | €0.8m | €1.1m | €0.7m | €0.4m | ▼ 45.8% |
| Remuneration, social security and pensions62 | - | - | - | €1.8m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.5m | €1.2m | €1.1m | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3.8m | €0.04m | €0.04m | €0.001m | -€0.005m | - |
| Other operating charges640/8 | - | - | - | €349 | €0.001m | €201 | €215 | €0.08m | ▲ 35,693% |
| Non-recurring operating charges66A | - | - | - | €0.5m | €0.005m | - | €0.1m | €0.07m | ▼ 45.1% |
| Gross operating margin9900 | €2.3m | - | - | - | - | - | - | - | - |
| Operating profit (loss)9901 | €1.4m | €1.3m | -€2.7m | -€3.8m | €0.4m | €0.5m | €0.06m | €0.1m | ▲ 160% |
| Financial income75/76B | - | - | - | €0.4m | €0.3m | €0.5m | €3.5m | €0.5m | ▼ 86.5% |
| Recurring financial income75 | €0.005m | €0.2m | €0.6m | €0.4m | €0.3m | €0.5m | €1.4m | €0.5m | ▼ 67.3% |
| Income from financial fixed assets750 | - | - | - | €0.001m | €0.001m | €8 | - | - | - |
| Income from current assets751 | - | - | - | - | - | €0.008m | €0.008m | €0.01m | ▲ 46.9% |
| Other financial income752/9 | - | - | - | €0.4m | €0.3m | €0.5m | €1.4m | €0.5m | ▼ 67.9% |
| Non-recurring financial income76B | - | - | - | - | - | €0.003m | €2.1m | - | - |
| Financial charges65/66B | - | - | - | €1.7m | €6.8m | €6.7m | €3.2m | €3.0m | ▼ 8.8% |
| Recurring financial charges65 | €0.02m | €0.3m | €0.2m | €0.3m | €0.4m | €0.6m | €1.1m | €2.0m | ▲ 80.8% |
| Debt charges650 | - | - | - | - | €143 | €1 | €54 | - | - |
| Other financial charges652/9 | - | - | - | €0.3m | €0.4m | €0.6m | €1.1m | €2.0m | ▲ 80.8% |
| Non-recurring financial charges66B | - | - | - | €1.4m | €6.4m | €6.1m | €2.2m | €1.0m | ▼ 53.9% |
| Profit (loss) for the period before taxes9903 | €1.4m | €1.3m | -€4.3m | -€5.0m | -€6.1m | -€5.7m | €0.3m | -€2.3m | - |
| Income taxes67/77 | - | - | €0.2m | €0.1m | €0.08m | €0.1m | €0.4m | €0.1m | ▼ 76.3% |
| Taxes670/3 | - | - | - | €0.1m | €0.08m | €0.1m | €0.4m | €0.1m | ▼ 76.3% |
| Profit (loss) for the period9904 | €1.4m | €0.3m | -€4.5m | -€5.1m | -€6.2m | -€5.8m | -€0.1m | -€2.4m | ▼ 2,018% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €0.3m | -€4.5m | -€5.1m | -€6.2m | -€5.8m | -€0.1m | -€2.4m | ▼ 2,018% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €33.2m | €35.8m | €56.4m | €46.2m | €33.8m | €35.9m | €19.7m | €16.7m | ▼ 15.0% |
| Fixed assets21/28 | €12.0m | €19.6m | €18.0m | €16.5m | €12.7m | €8.2m | €8.3m | €7.4m | ▼ 10.8% |
| Intangible fixed assets21 | €2.4m | €1.7m | €1.2m | €0.9m | €0.6m | €0.7m | €0.6m | €0.5m | ▼ 14.2% |
| Tangible fixed assets22/27 | €1.0m | €0.9m | €0.6m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 0.1% |
| Plant, machinery and equipment23 | - | - | - | €0.09m | €0.01m | €0.001m | €0.001m | €0.001m | ▼ 31.2% |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Financial fixed assets28 | €8.7m | €17.0m | €16.2m | €15.1m | €11.6m | €7.0m | €7.2m | €6.4m | ▼ 11.2% |
| Affiliated companies280/1 | - | - | - | €15.1m | €11.6m | €7.0m | €7.2m | €6.4m | ▼ 11.2% |
| Participating interests280 | - | - | - | €14.2m | €9.8m | €4.8m | €5.0m | €4.4m | ▼ 12.7% |
| Amounts receivable281 | - | - | - | €0.9m | €1.8m | €2.2m | €2.2m | €2.1m | ▼ 7.7% |
| Other financial fixed assets284/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €21.2m | €16.2m | €38.4m | €29.7m | €21.1m | €27.7m | €11.4m | €9.4m | ▼ 18.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.1m | €0.04m | €0.009m | €0.007m | €0.007m | = |
| Trade receivables290 | - | - | - | €0.04m | €0.03m | €0.002m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.06m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Amounts receivable within one year40/41 | €12.8m | €12.0m | €25.2m | €21.8m | €9.7m | €25.5m | €9.7m | €8.8m | ▼ 9.2% |
| Trade receivables40 | - | - | - | €0.3m | €0.3m | €0.6m | €0.6m | €0.7m | ▲ 25.8% |
| Other amounts receivable41 | - | - | - | €21.5m | €9.4m | €24.9m | €9.1m | €8.0m | ▼ 11.5% |
| Current investments50/53 | €7 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8.3m | €4.1m | €13.1m | €7.8m | €11.4m | €2.2m | €1.7m | €0.6m | ▼ 67.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.03m | €0.01m | €0.01m | ▼ 14.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €33.2m | €35.8m | €56.4m | €46.2m | €33.8m | €35.9m | €19.7m | €16.7m | ▼ 15.0% |
| Equity10/15 | €10.8m | €11.1m | €6.6m | €1.4m | -€4.8m | -€10.6m | -€10.7m | -€13.1m | ▼ 22.8% |
| Reserves13 | - | - | - | €8.5m | €8.5m | €8.5m | €8.5m | €8.5m | = |
| Profit (loss) carried forward14 | €2.3m | €2.7m | -€1.9m | -€7.0m | -€13.2m | -€19.0m | -€19.2m | -€21.6m | ▼ 12.7% |
| Provisions and deferred taxes16 | - | - | - | €0.4m | €0.4m | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €0.4m | €0.4m | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.4m | €0.4m | - | - | - | - |
| Amounts payable17/49 | €22.4m | €24.7m | €49.8m | €44.4m | €38.2m | €46.5m | €30.4m | €29.9m | ▼ 1.7% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | ▼ 9.7% |
| Other amounts payable178/9 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | ▼ 9.7% |
| Amounts payable within one year42/48 | €22.4m | €24.7m | €49.8m | €44.4m | €38.2m | €46.5m | €30.4m | €29.9m | ▼ 1.7% |
| Trade debts44 | €16.4m | €7.8m | €14.2m | €5.9m | €7.1m | €0.4m | €0.8m | €0.4m | ▼ 53.1% |
| Suppliers440/4 | - | - | - | €5.9m | €7.1m | €0.4m | €0.8m | €0.4m | ▼ 53.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.3m | €0.2m | €0.3m | €0.3m | ▼ 0.1% |
| Taxes450/3 | - | - | - | €0.04m | €0.09m | €0.03m | €0.1m | €0.1m | ▼ 5.0% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | - | €65 | €468 | €357 | ▼ 23.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €0.3m | -€4.5m | -€5.1m | -€6.2m | -€5.8m | -€0.1m | -€2.4m | ▼ 2,018% |
| + Depreciation and write-downs630 | €1.5m | €1.2m | €1.1m | €0.6m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 14.8% |
| Operating cash flow (approximation) | €2.9m | €1.5m | -€3.5m | -€4.5m | -€5.7m | -€5.4m | €0.2m | -€2.2m | - |
| Investment in fixed assets (approximation) | - | -€8.7m | €0.5m | €0.9m | €3.3m | €4.1m | -€0.4m | €0.7m | - |
| Change in cash | - | -€4.2m | €9.0m | -€5.3m | €3.6m | -€9.2m | -€0.5m | -€1.2m | ▼ 130% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 02-07-2026 | 2026-00258442 |
| 31-12-2024 | abbreviated format | 30-06-2025 | 2025-00212493 |
| 31-12-2023 | abbreviated format | 24-06-2024 | 2024-00165329 |
| 31-12-2022 | abbreviated format | 11-07-2023 | 2023-00233606 |
| 31-12-2021 | abbreviated format | 01-07-2022 | 2022-20139135 |
| 31-12-2020 | abbreviated format | 08-07-2021 | 2021-34300145 |
| 31-12-2019 | abbreviated format | 09-11-2020 | 2020-70400219 |
| 31-12-2018 | full format | 11-09-2019 | 2019-64300373 |
| 31-12-2017 | full format | 03-10-2018 | 2018-68600176 |
| 31-12-2016 | full format | 26-09-2017 | 2017-63800481 |
Similar companies · same sector, comparable size
Subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 31 entries · €102,311 in total| Year | Entries | Paid |
|---|---|---|
| 2025 | 13 | €47,719 |
| 2024 | 9 | €30,725 |
| 2023 | 9 | €23,867 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Statutory auditor 1
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| L'Association professionnelle des métiers de la création ASBLfrom an act |
|
| SmartCoopfrom an act |
|
| RSM Interaudit SCRL |
|
Owners and capital
Owners
This private foundation has no shareholders or capital.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- SmartSolsubsidiarySourceaccounts SmartSol 202586%
According to the 2025 annual accounts of SmartBe and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
15-01
Gazette deed
Permanent representative: Sylvie Marique4 facts ▸
- Board meeting, 12-01-2026 (2 times)
- Director in office, SmartCoop (administratrice personne morale)
- Director in office, L'Association professionnelle des métiers de la création ASBL (administratrice personne morale)
- Permanent representative, Sylvie Marique
24-09
Gazette deed
Appointment: Scrl RSM InterAudit (commissaire aux comptes)Profit allocation · Director discharge · Approval8 facts ▸
- Board meeting, 10-06-2025
- Board meeting, “unanimity” (deed in French)
- Profit allocation, “résultat reporté”, 2024 (deed in French)
- Director discharge, SmartBe (statutory auditor)
- Auditor appointment, Scrl RSM InterAudit (commissaire aux comptes)
- Other provision, “taxe patrimoniale, prise de connaissance” (deed in French)
- Approval, 2024
- Power of attorney, Maxime Dechesne
About the unread acts
Of the 19 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 13 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21562A0354/00D015 | Brussels | 314 m² | 1 · 106 m² | 15.3 m · 4 |
| 21562A0354/00C012 | Brussels | 216 m² | 1 · 114 m² | 16.3 m · 4 |