SmartCom
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €89,000. Estimated: probably between €60,000 and €120,000.
Balance sheet
balance sheet total €135,899 on 31-12-2025in euro
in euro
Position in the sector
79.8%
Higher than 78% of 9,122 companies in 2025.
4.85
Higher than 78% of 8,760 companies in 2025.
18.5%
Higher than 65% of 8,888 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
135,899 | 99,065 | 78,865 | 185,774 | 169,669 | 136,781 | 108,747 | 115,168 | 129,446 | 127,255 | 148,066 | 154,264 | 153,763 | 109,615 | 87,725 | 49,236 | |
21/28 |
2,881 | 4,357 | 0 | 5,937 | 12,255 | 18,572 | 25,817 | 33,062 | 42,766 | 44,053 | 48,107 | 54,653 | 80,625 | 23,347 | 20,528 | 11,942 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | 18,906 | 23,092 | 19,351 | 9,902 | |
22/27 |
2,881 | 4,357 | 0 | 5,937 | 12,255 | 18,572 | 25,817 | 33,062 | 42,766 | 44,053 | 48,107 | 54,653 | 61,719 | 255 | 1,177 | 2,040 | |
22 |
- | - | 0 | 5,937 | 11,875 | 17,812 | 23,749 | 29,686 | 35,624 | 41,561 | 47,498 | 53,436 | 59,373 | - | - | - | |
23 |
2,002 | 2,599 | - | 0 | 380 | 760 | 1,140 | 1,521 | - | - | 609 | 1,217 | - | 255 | 1,177 | 2,040 | |
24 |
879 | 1,759 | - | - | - | 0 | 928 | 1,855 | 7,143 | 2,492 | - | - | 2,346 | - | - | - | |
29/58 |
133,017 | 94,707 | 78,865 | 179,837 | 157,414 | 118,208 | 82,930 | 82,106 | 86,679 | 83,202 | 99,959 | 99,611 | 73,139 | 86,268 | 67,197 | 37,294 | |
40/41 |
32,525 | 10,222 | 11,775 | 25,047 | 30,600 | 15,182 | 13,282 | 6,423 | 16,820 | 2,955 | 869 | 4,279 | 21,767 | 12,052 | 7,518 | 10,174 | |
40 |
32,525 | 9,629 | 9,499 | 20,184 | 30,600 | 11,782 | 6,793 | 901 | 14,050 | 955 | 869 | 4,226 | 21,714 | 11,894 | 7,442 | 10,159 | |
41 |
0 | 592 | 2,276 | 4,863 | 0 | 3,400 | 6,489 | 5,521 | 2,770 | 2,000 | - | 53 | 53 | 157 | 76 | 14 | |
50/53 |
81,766 | 61,766 | 61,766 | 61,766 | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
16,738 | 20,834 | 3,554 | 87,622 | 126,601 | 101,956 | 69,648 | 75,684 | 69,748 | 80,247 | 99,090 | 91,323 | 50,843 | 73,863 | 57,110 | 27,120 | |
490/1 |
1,988 | 1,885 | 1,769 | 5,402 | 213 | 1,070 | - | - | 112 | - | - | 4,009 | 529 | 353 | 2,569 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
135,899 | 99,065 | 78,865 | 185,774 | 169,669 | 136,781 | 108,747 | 115,168 | 129,446 | 127,255 | 148,066 | 154,264 | 153,763 | 109,615 | 87,725 | 49,236 | |
10/15 |
108,491 | 91,716 | 70,236 | 150,619 | 124,766 | 94,288 | 87,415 | 90,477 | 86,933 | 79,030 | 70,937 | 51,441 | 59,673 | 60,489 | 41,992 | 19,551 | |
10/11 |
15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,324 | 15,024 | 14,124 | 12,200 | 12,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 3,276 | 3,276 | 3,276 | 3,276 | 3,276 | 3,276 | 3,576 | 4,476 | 6,400 | 6,400 | |
13 |
108,453 | 116,874 | 116,874 | 135,295 | 109,442 | 78,964 | 72,091 | 75,153 | 71,609 | 63,706 | 55,613 | 36,117 | 30,162 | 30,162 | 8,473 | 368 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,490 | 368 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
108,453 | 116,874 | 116,874 | 133,435 | 107,582 | 77,104 | 70,231 | 73,293 | 69,749 | 61,846 | 53,753 | 34,257 | 28,302 | 28,302 | 6,983 | - | |
14 |
-15,285 | -40,482 | -61,962 | - | 0 | - | - | - | - | - | - | - | 14,487 | 16,202 | 21,319 | 6,983 | |
17/49 |
27,408 | 7,349 | 8,629 | 35,155 | 44,903 | 42,493 | 21,332 | 24,692 | 42,513 | 48,226 | 77,129 | 102,823 | 94,090 | 49,126 | 45,733 | 29,685 | |
17 |
- | - | 0 | 4,152 | 8,533 | 12,762 | 16,845 | 20,786 | 24,592 | 28,267 | 31,815 | 35,237 | 38,544 | - | - | - | |
170/4 |
- | - | 0 | 4,152 | 8,533 | 12,762 | 16,845 | 20,786 | 24,592 | 28,267 | 31,815 | 35,237 | 38,544 | - | - | - | |
42/48 |
27,408 | 7,349 | 8,629 | 31,003 | 36,370 | 29,731 | 4,487 | 3,906 | 17,921 | 19,959 | 45,314 | 67,586 | 55,546 | 49,126 | 45,733 | 29,685 | |
42 |
- | 0 | 4,152 | 4,380 | 8,409 | 4,083 | 3,940 | 3,806 | 3,675 | 3,548 | 3,422 | 3,307 | 3,193 | - | - | - | |
44 |
3,820 | 2,722 | 2,171 | 6,242 | 5,506 | 69 | 527 | 100 | 2,080 | 78 | - | 653 | 2,755 | 1,889 | 2,235 | 6,945 | |
440/4 |
3,820 | 2,722 | 2,171 | 6,242 | 5,506 | 69 | 527 | 100 | 2,080 | 78 | - | 653 | 2,755 | 1,889 | 2,235 | 6,945 | |
45 |
9,178 | 4,627 | 143 | 16,552 | 16,262 | 15,423 | 20 | - | 3,932 | 1,807 | 5,621 | 4,781 | 3,175 | 9,443 | 15,825 | 7,899 | |
450/3 |
9,178 | 4,627 | 143 | 16,552 | 16,262 | 15,423 | 20 | - | 3,932 | 1,807 | 4,945 | 4,781 | 3,175 | 9,443 | 14,490 | 5,928 | |
454/9 |
- | - | - | - | - | - | - | - | - | - | 676 | - | - | - | 1,335 | 1,971 | |
47/48 |
14,410 | 0 | 2,162 | 3,828 | 6,193 | 10,156 | - | - | 8,235 | 14,526 | 36,271 | 58,845 | 46,423 | 37,794 | 27,673 | 14,841 | |
| Income statement | |||||||||||||||||
9900 |
32,527 | 28,118 | -49,928 | 44,612 | 58,403 | 63,068 | 7,525 | 19,136 | 23,994 | 25,172 | 43,325 | 41,202 | 35,762 | 37,867 | 40,568 | 17,511 | |
630 |
1,476 | 1,264 | 5,937 | 6,317 | 6,317 | 7,245 | 7,245 | 7,245 | 9,197 | 7,169 | 6,546 | 42,773 | 27,444 | 11,801 | 8,078 | 3,848 | |
640/8 |
520 | 1,263 | 1,578 | 1,018 | 903 | 999 | 1,390 | 1,964 | 1,515 | 1,634 | 1,701 | 1,742 | 8,107 | 789 | 850 | 1,724 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | 667 | - | - | |
9901 |
30,532 | 25,592 | -57,443 | 37,276 | 51,183 | 54,824 | -1,110 | 9,927 | 13,282 | 16,369 | 35,078 | -3,313 | 212 | 25,277 | 31,640 | 11,938 | |
75/76B |
56 | 19 | 150 | - | 0 | 3 | - | 0 | 48 | 108 | 192 | 303 | 614 | 750 | 414 | 96 | |
75 |
56 | 19 | 150 | - | 0 | 3 | - | 0 | 48 | 108 | 192 | 303 | 614 | 750 | 414 | 96 | |
65/66B |
3,052 | 3,865 | 4,668 | 1,200 | 1,044 | 853 | 932 | 1,054 | 1,182 | 2,857 | 4,666 | 5,396 | 2,441 | 2,281 | 554 | 416 | |
65 |
3,052 | 3,865 | 4,668 | 1,200 | 1,044 | 853 | 932 | 1,054 | 1,182 | 2,857 | 4,666 | 5,396 | 2,441 | 2,281 | 554 | 416 | |
9903 |
27,536 | 21,746 | -61,960 | 36,075 | 50,139 | 53,974 | -2,042 | 8,873 | 12,147 | 13,620 | 30,604 | -8,406 | -1,616 | 23,079 | 31,500 | 11,618 | |
67/77 |
2,339 | 266 | 1 | 10,223 | 19,661 | 15,907 | 1,020 | 5,330 | 4,244 | 5,527 | 11,107 | 127 | 100 | 6,506 | 9,059 | 4,267 | |
9904 |
25,197 | 21,480 | -61,962 | 25,853 | 30,478 | 38,067 | -3,062 | 3,544 | 7,903 | 8,093 | 19,497 | -8,533 | -1,716 | 16,573 | 22,441 | 7,351 | |
9905 |
25,197 | 21,480 | -61,962 | 25,853 | 30,478 | 38,067 | -3,062 | 3,544 | 7,903 | 8,093 | 19,497 | -8,533 | -1,716 | 16,573 | 22,441 | 7,351 | |
| Appropriation of the result | |||||||||||||||||
9906 |
-15,285 | -40,482 | -61,962 | 25,853 | 30,478 | 38,067 | -3,062 | 3,544 | 7,903 | 8,093 | 19,497 | 5,954 | 14,487 | 37,892 | 29,425 | 7,351 | |
14P |
-40,482 | -61,962 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
8,421 | 0 | 18,421 | - | 0 | 31,195 | 3,062 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 0 | 25,853 | 30,478 | 38,067 | - | 3,544 | 7,903 | 8,093 | 19,497 | 5,954 | - | 21,689 | 8,106 | 368 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 370 | 1,122 | 368 | |
6921 |
- | - | 0 | 25,853 | 30,478 | 38,067 | - | 3,544 | 7,903 | 8,093 | 19,497 | 5,954 | - | 21,319 | 6,983 | - | |
694/7 |
8,421 | 0 | 18,421 | - | 0 | 31,195 | - | - | - | - | - | - | - | - | - | - | |
694 |
8,421 | 0 | 18,421 | - | 0 | 31,195 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00230005 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00310752 | |
| 31-12-2023 | micro format | 12-08-2024 | 2024-00345351 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00415075 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20083533 | |
| 31-12-2020 | micro format | 18-05-2021 | 2021-14200500 | |
| 31-12-2019 | micro format | 08-06-2020 | 2020-16200432 | |
| 31-12-2018 | micro format | 07-06-2019 | 2019-17800385 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-18500276 | |
| 31-12-2016 | micro format | 09-06-2017 | 2017-17200352 | |
| 31-12-2015 | abbreviated format | 30-06-2016 | 2016-25600266 | |
| 31-12-2014 | abbreviated format | 04-06-2015 | 2015-15800234 | |
| 31-12-2013 | abbreviated format | 04-07-2014 | 2014-28000469 | |
| 31-12-2012 | abbreviated format | 21-05-2013 | 2013-12600546 | |
| 31-12-2011 | abbreviated format | 11-05-2012 | 2012-11600574 | |
| 31-12-2010 | abbreviated format | 16-05-2011 | 2011-11500546 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32,008 | 26,855 | -51,506 | 43,593 | 57,501 | 62,069 | 6,135 | 17,172 | 22,479 | 23,538 | 41,624 | 39,460 | 27,656 | 37,078 | 39,718 | 15,787 | ||
| 26,673 | 22,743 | -56,024 | 32,170 | 36,796 | 45,312 | 4,183 | 10,789 | 17,100 | 15,261 | 26,043 | 34,240 | 25,728 | 28,374 | 30,519 | 11,199 | ||
| 0 | 5,621 | 0 | 0 | 0 | 0 | 0 | 2,814 | 7,910 | 3,115 | 0 | 19,147 | 84,721 | 15,287 | 16,665 | 15,790 | ||
| -4,096 | 17,280 | -84,067 | -38,980 | 24,645 | 32,308 | -6,036 | 5,936 | -10,500 | -18,843 | 7,767 | 40,480 | -23,020 | 16,753 | 29,989 | - | ||
| 105,610 | 87,358 | 70,236 | 148,834 | 121,044 | 88,477 | 78,443 | 78,200 | 68,759 | 63,244 | 54,645 | 32,025 | 17,593 | 37,142 | 21,464 | 7,609 | ||
| 79.8% | 92.6% | 89.1% | 81.1% | 73.5% | 68.9% | 80.4% | 78.6% | 67.2% | 62.1% | 47.9% | 33.3% | 38.8% | 55.2% | 47.9% | 39.7% | ||
| 4.85 | 12.89 | 9.14 | 5.80 | 4.33 | 3.98 | 18.48 | 21.02 | 4.84 | 4.17 | 2.21 | 1.47 | 1.32 | 1.76 | 1.47 | 1.26 | ||
| 0.25 | 0.08 | 0.12 | 0.23 | 0.36 | 0.45 | 0.24 | 0.27 | 0.49 | 0.61 | 1.09 | 2.00 | 1.58 | 0.81 | 1.09 | 1.52 | ||
| 23.2% | 23.4% | -88.2% | 17.2% | 24.4% | 40.4% | -3.5% | 3.9% | 9.1% | 10.2% | 27.5% | -16.6% | -2.9% | 27.4% | 53.4% | 37.6% | ||
| 18.5% | 21.7% | -78.6% | 13.9% | 18.0% | 27.8% | -2.8% | 3.1% | 6.1% | 6.4% | 13.2% | -5.5% | -1.1% | 15.1% | 25.6% | 14.9% | ||
| 10.49 | 6.95 | -11.03 | 36.32 | 55.08 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,621 | - | - | - |
| €1,476 | €1,264 | €5,937 | €6,317 | €6,317 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SmartCom
The operating result for 2025 is 19% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 7.4% to 20.2%. Equity and debt are higher.