Smartconnect
ActiveSummary
Smartconnect has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €198,904 and a net result of €61,936. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 877 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+10
Solvency73▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.87 in 2023; short-term debt: 51.6% and cash: 83.6% of total assets), but 51.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
26 d early
2022
75 d early
2021
24 d early
2020
96 d early
2019
93 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€198,904▲ 45.2%
2023 · €136,968
Total assets
€411,350▲ 35.0%
2023 · €304,784
Net result
€61,936▲ 161%
2023 · €23,758
Working capital
€193,055▲ 36.2%
2023 · €141,733
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,787▼ 6.9%-€44,674€45,283€32,294▼ 28.7%€82,785▲ 156%
Net result€25,723within the sector's middle half▼ 28.3%-€44,849below the sector's middle half€45,056above the sector's middle half€23,758within the sector's middle half▼ 47.3%€61,936above the sector's middle half▲ 161%
Equity€113,002within the sector's middle half▲ 29.5%€68,153within the sector's middle half▼ 39.7%€113,210within the sector's middle half▲ 66.1%€136,968within the sector's middle half▲ 21.0%€198,904above the sector's middle half▲ 45.2%
Total assets€194,050below the sector's middle half▲ 4.5%€151,563below the sector's middle half▼ 21.9%€225,076within the sector's middle half▲ 48.5%€304,784within the sector's middle half▲ 35.4%€411,350above the sector's middle half▲ 35.0%
Debt€81,048▼ 17.6%€83,409▲ 2.9%€111,866▲ 34.1%€167,816▲ 50.0%€212,446▲ 26.6%
Working capital€118,804within the sector's middle half▲ 14.9%€78,045within the sector's middle half▼ 34.3%€127,207above the sector's middle half▲ 63.0%€141,733above the sector's middle half▲ 11.4%€193,055above the sector's middle half▲ 36.2%
Solvency58.2%within the sector's middle half▲ 11.2pp45.0%within the sector's middle half▼ 13.3pp50.3%within the sector's middle half▲ 5.3pp44.9%within the sector's middle half▼ 5.4pp48.4%within the sector's middle half▲ 3.4pp
Current ratio2.66within the sector's middle half▲ 0.332.07within the sector's middle half▼ 0.592.30within the sector's middle half▲ 0.231.87within the sector's middle half▼ 0.431.91within the sector's middle half▲ 0.04
Return on assets (ROA)13.3%above the sector's middle half▼ 6.1pp-29.6%below the sector's middle half▼ 42.8pp20.0%above the sector's middle half▲ 49.6pp7.8%within the sector's middle half▼ 12.2pp15.1%within the sector's middle half▲ 7.3pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 156% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €411,350
Fixed assets
€5,849
Current assets
€405,501
Equity and liabilities €411,350
Equity
€198,904 ▲ 45.2%
Debt
€212,446 ▲ 26.6%
Debt's share of the balance-sheet total falls from 55.1% to 51.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€82,939▲
2023 · €32,435
Cash flow
€62,090▲
2023 · €23,898
Debt to equity
1.07▼
2023 · 1.23
ROE
31.1%▲
2023 · 17.3%
Interest coverage
461.80▲
2023 · 63.41
Debt ≤ 1 year
€212,446▲
2023 · €163,051
Income taxes
€20,670▲
2023 · €8,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,723 | €2,864 | €612 | €141 | €154 | ▲ 9.4% |
| Other operating charges640/8 | - | €408 | €480 | €122 | €672 | ▲ 451% |
| Gross operating margin9900 | €37,062 | -€41,403 | €46,375 | €32,557 | €83,611 | ▲ 157% |
| Operating profit (loss)9901 | €33,787 | -€44,674 | €45,283 | €32,294 | €82,785 | ▲ 156% |
| Financial income75/76B | - | €10 | €87 | €1 | €1 | ▼ 60.9% |
| Recurring financial income75 | €10 | €10 | €87 | €1 | €1 | ▼ 60.9% |
| Financial charges65/66B | - | €184 | €148 | €512 | €180 | ▼ 64.9% |
| Recurring financial charges65 | €342 | €184 | €148 | €512 | €180 | ▼ 64.9% |
| Profit (loss) for the period before taxes9903 | €33,455 | -€44,849 | €45,223 | €31,784 | €82,606 | ▲ 160% |
| Income taxes67/77 | €7,732 | €0 | €167 | €8,026 | €20,670 | ▲ 158% |
| Profit (loss) for the period9904 | €25,723 | -€44,849 | €45,056 | €23,758 | €61,936 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €25,723 | -€44,849 | €45,056 | €23,758 | €61,936 | ▲ 161% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €194,050 | €151,563 | €225,076 | €304,784 | €411,350 | ▲ 35.0% |
| Fixed assets21/28 | €3,617 | €753 | €141 | €0 | €5,849 | - |
| Tangible fixed assets22/27 | €3,617 | €753 | €141 | €0 | €5,324 | - |
| Plant, machinery and equipment23 | - | €753 | €141 | €0 | €5,324 | - |
| Financial fixed assets28 | - | - | - | - | €525 | - |
| Current assets29/58 | €190,434 | €150,810 | €224,935 | €304,784 | €405,501 | ▲ 33.0% |
| Amounts receivable within one year40/41 | €32,444 | €43,417 | €105,180 | €49,372 | €61,096 | ▲ 23.7% |
| Trade receivables40 | - | €31,562 | €105,180 | €11,271 | €17,538 | ▲ 55.6% |
| Other amounts receivable41 | - | €11,855 | €0 | €38,102 | €43,558 | ▲ 14.3% |
| Cash at bank and in hand54/58 | €157,989 | €107,246 | €119,624 | €255,394 | €344,078 | ▲ 34.7% |
| Deferred charges and accrued income490/1 | - | €147 | €131 | €17 | €328 | ▲ 1,792% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €194,050 | €151,563 | €225,076 | €304,784 | €411,350 | ▲ 35.0% |
| Equity10/15 | €113,002 | €68,153 | €113,210 | €136,968 | €198,904 | ▲ 45.2% |
| Contributions10/11 | €99,000 | €99,000 | €99,000 | €99,000 | €99,000 | = |
| Capital10 | - | €99,000 | €99,000 | €99,000 | €99,000 | = |
| Issued capital100 | - | €99,000 | €99,000 | €99,000 | €99,000 | = |
| Reserves13 | €14,002 | €1,000 | €14,210 | €37,968 | €99,904 | ▲ 163% |
| Non-distributable reserves130/1 | - | €1,000 | €2,000 | €3,200 | €6,300 | ▲ 96.9% |
| Legal reserve130 | - | €1,000 | €2,000 | €3,200 | €6,300 | ▲ 96.9% |
| Distributable reserves133 | - | €0 | €12,210 | €34,768 | €93,604 | ▲ 169% |
| Profit (loss) carried forward14 | €0 | -€31,847 | €0 | - | - | - |
| Amounts payable17/49 | €81,048 | €83,409 | €111,866 | €167,816 | €212,446 | ▲ 26.6% |
| Amounts payable within one year42/48 | €71,630 | €72,764 | €97,729 | €163,051 | €212,446 | ▲ 30.3% |
| Trade debts44 | €52,207 | €47,961 | €55,601 | €118,955 | €156,182 | ▲ 31.3% |
| Suppliers440/4 | - | €47,961 | €55,601 | €118,955 | €156,182 | ▲ 31.3% |
| Advances received on contracts in progress46 | - | - | €6,050 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €1,878 | €6,224 | €3,815 | €4,870 | ▲ 27.6% |
| Taxes450/3 | - | €1,878 | €6,224 | €3,815 | €4,870 | ▲ 27.6% |
| Other amounts payable47/48 | - | €22,926 | €29,853 | €40,281 | €51,394 | ▲ 27.6% |
| Accrued charges and deferred income492/3 | - | €10,645 | €14,138 | €4,765 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,723 | -€44,849 | €45,056 | €23,758 | €61,936 | ▲ 161% |
| + Depreciation and write-downs630 | €2,723 | €2,864 | €612 | €141 | €154 | ▲ 9.4% |
| Operating cash flow (approximation) | €28,447 | -€41,985 | €45,669 | €23,898 | €62,090 | ▲ 160% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€6,003 | - |
| Change in cash | - | -€50,743 | €12,378 | €135,770 | €88,684 | ▼ 34.7% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €61,936 ▲161%
Operating result €82,785, net result €61,936, both a record.
31-12
Financial
Equity above €150,000Eq €198,904 ▲45.2%
3 profitable years in a row build equity to €198,904.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €45,056
Net result €45,056 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €113,210 ▲66.1%
Equity rises from €68,153 to €113,210.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€44,849
Net result drops to -€44,849, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €100,000Eq €113,002 ▲29.5%
2 profitable years in a row build equity to €113,002.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €35,883
Net result €35,883 after one loss-making year.
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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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Directors · office · real estate
Directors
4 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, Boortmeerbeek · 1 establishment unit since 2012
Ground area
1.0 ha
Building footprint
2,367 m²
Volume, LiDAR
33,783 m³
Parcel 24014D0063/00T000, Flanders · tallest building 24.1 m, ±5 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Smartconnect
since 20122.218.571.924
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014D0063/00T000 | Flanders | 1.0 ha | 1 · 2,367 m² | 24.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 462 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501888589
Also
9925:BE0501888589
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.