SMARTBOX GROUP BELGIUM

Active

Public limited companyfounded 2000active for 26 yearsKronenburgstraat 27, 2000 Antwerpen, Belgium20 active companies are registered at this addressKBO/BCE: BE 0472.005.364

Summary

SMARTBOX GROUP BELGIUM has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.7m and a net result of €1.2m, of which €1.9m non-recurring income. Equity is shrinking by about 5.5% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

SMARTBOX GROUP BELGIUMActiveChecked score 87/100

Risk analysis Report Compare

Activity

Travel agency activities

NACE 79110Other non-specialised retail sale NACE 47120

6th largest employer in the province of Antwerp, Travel agencies sector6 sites

Size

€6.3mturnover 2026

Staff: 36.1 FTE
Equity: €1.7m
Profit: €1.2m

Financial health

87 Excellent Checked score 2026

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: Smartbox Group Limited · 99.6%

Franck VilletDirector
Frédéric LeleuxDirector

2026 accounts 150 days early3 of 29 deeds summarised

Why 87raises riskLiquidity: current ratio 1.97, cash €15,576, halved1 of the last 3 latelowers riskFounded in 2000Size: turnover €6.3m, 36.1 FTE, total assets €4.2mShow the evidence

Checked score

Score 2026

87 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 67% of its sector peers (NACE 79, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2025

Strong

Solvency 65-11

equity 39.5% of total assets

Liquidity 29-5

short-term debt 44.3% · cash 0.4%

Profitability 100+16

return on assets 29.5%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (83 companies, NACE 79, small)

Last 24 months 11-2024: 2.3%highest value 12-2024: 2.3%● unchanged vs 11-2024highest value 01-2025: 2.3%● unchanged vs 12-2024highest value 02-2025: 2.3%● unchanged vs 01-2025highest value 03-2025: 2.3%● unchanged vs 02-2025highest value 04-2025: 2.3%● unchanged vs 03-2025highest value 05-2025: 2.3%● unchanged vs 04-2025highest value 06-2025: 1.2%▼ -1.1 percentage points vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025 08-2025: 0.4%▼ -1.0 percentage point vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.3%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value

Credit of up to €140,000 on 30-day terms is acceptable

Liquidity ample (current ratio 1.97, compared with 0.89 in 2025, above the usual 1.5; short-term debt: 44.3% and cash: 0.4% of total assets), but 60.5% of the assets are financed with debt and provisions.

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 79, small): better than 67% on solvency, 16% on liquidity, 99% on profitability and 86% on growth.

The bankruptcy probability was computed on 26-10-2026 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

Six signals.

lowers riskraises riskneutral

Liquidity: current ratio 1.97, cash €15,576, halved

NBB · annual accounts

Founded in 2000

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

1 of the last 3 late

NBB · filings

Size: turnover €6.3m, 36.1 FTE, total assets €4.2m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Growing equity

Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.

NBB · annual accounts 2026

Equity per financial year

1920212223242526

2019 to 2026 · latest year €1.7m

Latest accounts filed on time

The financial year that closed on 30-04-2026 was due by 30-11-2026 and was filed on 03-07-2026, 150 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

150 days early

2025

153 days early

2024

166 days late

2023

179 days late

2022

111 days early

2021

159 days early

2020

137 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 52 days before the deadline; the sector median (NACE 79) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 30-04-2027 and is due by 30-11-2027. Nothing is late today. The company usually files around 11 August (4 of the last 5 filed years within 277 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today30-04-2027 year end30-11-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

29-07-2026 Reappointments: Frédéric Leleux (director) and Franck…Gazette deed
03-07-2026 Annual accounts filedfinancial year 2026 · full…
30-04-2026 Highest result from 2019 to 2026net €1.2m ▲178%

Key points

Result rose in 2026mostly a one-off income of €1.9m ▲ 178% View
Positive: 6th largest employer in the province of Antwerp, Travel agencies sectorin the Checked rankings No. 6 View
Controlled by Smartbox Group Limitedknown shareholders 100% 99.6% View
Positive: 7 profitable years in a rowprofit 2026: €1.2m, mostly one-off 7 years View

By topic

Financials

Financial year: 2026
Turnover: €6.3m
Profit: €1.2m
Solvency: 39.5%

Turnover▲ 15.8%

Net result

20192026

Go to Financials

Board & ownership

Board: 2 members
Parent: Smartbox Group Limited · 99.6%
Known shareholders: 100%

Franck VilletDirector
Frédéric LeleuxDirector

Go to Board & ownership

Network & group

Group: BAD 21

Go to Network & group

Timeline

Events: 33
Since: 2002
Next accounts: by 30-11-2027

30-04-2026Liquidity more than doubled
30-06-2025Annual accounts filed
15-05-2025Annual accounts filed

Go to Timeline

Company details

Sites: 6

Legal form: Public limited company
Activity: Travel agency activitiesNACE 79110
Founded: 26-05-2000
Year ends: 30-04
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 15

Who signs: Two directors jointly
Annual meeting: First Monday of October at 15:00
Purpose: “Organisation d'activités, de spectacles et de formations; Orientation, conseil, gestion et…” (deed in Dutch)

Go to Articles of association

Key facts about SMARTBOX GROUP BELGIUM

What is the company number of SMARTBOX GROUP BELGIUM?: 0472.005.364. In Belgium the VAT number is the company number with BE in front: BE 0472.005.364.
Where is SMARTBOX GROUP BELGIUM based?: The registered office is at Kronenburgstraat 27, 2000 Antwerpen.Company details
What does SMARTBOX GROUP BELGIUM do?: According to the KBO register, the main activity is travel agency activities (NACE 79110).
What is the legal form of SMARTBOX GROUP BELGIUM?: Public limited company (NV).
When was SMARTBOX GROUP BELGIUM founded?: On 26-05-2000.
Is SMARTBOX GROUP BELGIUM still active?: Yes, SMARTBOX GROUP BELGIUM is an active enterprise in the KBO register.
How many employees does SMARTBOX GROUP BELGIUM have?: On average 36.1 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
What is the turnover of SMARTBOX GROUP BELGIUM?: €6.3m in financial year 2026, according to the filed annual accounts.
Is SMARTBOX GROUP BELGIUM profitable?: In financial year 2026, SMARTBOX GROUP BELGIUM made a profit of €1.2m.
Where can I find the annual accounts of SMARTBOX GROUP BELGIUM?: SMARTBOX GROUP BELGIUM filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
When are the next annual accounts of SMARTBOX GROUP BELGIUM due?: By 30-11-2027, for financial year 2027.Timeline