SMARTE
ActiveSummary
The computed 12-month bankruptcy probability of SMARTE is 2.7% (moderate). The 2025 annual accounts show equity of €432,623 and a net result of -€31,780. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-48
Solvency100=
Growth58
Track record82
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.37 against 2.47 in 2024; short-term debt: 2.2% and cash: 3.1% of total assets), and 2.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.7%
Return on assets
-7.2%
Age of the figures
9 mo
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
2425
2024 to 2025 · latest year -€31,780
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
17 d late
2024
47 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 32 days after 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€31,780▲ 21.8%
2024 · -€40,648
Working capital
€3,707▼ 26.8%
2024 · €5,067
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
Line20242025
Operating result-€40,523--€31,495▲ 22.3%
Net result-€40,648--€31,780▲ 21.8%
Equity€464,402-€432,623▼ 6.8%
Total assets€467,944-€442,615▼ 5.4%
Debt€3,542-€9,992▲ 182%
Working capital€5,067-€3,707▼ 26.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €31,495 in 2025 against €40,523 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442,615
Fixed assets
€429,001 ▼ 6.6%
Current assets
€13,614 ▲ 59.7%
Equity and liabilities €442,615
Equity
€432,623 ▼ 6.8%
Debt
€9,992 ▲ 182%
Debt's share of the balance-sheet total rises from 0.8% to 2.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€1,075▼
2024 · €5,107
Cash flow
-€1,360▼
2024 · €4,982
Current ratio
1.37▼
2024 · 2.47
Debt to equity
0.02▲
2024 · 0.01
ROE
-7.3%▲
2024 · -8.8%
ROA
-7.2%▲
2024 · -8.7%
Interest coverage
-10.24▼
2024 · 40.85
Debt ≤ 1 year
€9,907▲
2024 · €3,457
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating income70/76A | €59,285 | €34,805 | ▼ 41.3% |
| Other operating income74 | €59,285 | €34,805 | ▼ 41.3% |
| Operating charges60/66A | €99,808 | €66,300 | ▼ 33.6% |
| Services and other goods61 | €45,381 | €25,155 | ▼ 44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,630 | €30,420 | ▼ 33.3% |
| Other operating charges640/8 | €8,797 | €10,725 | ▲ 21.9% |
| Operating profit (loss)9901 | -€40,523 | -€31,495 | ▲ 22.3% |
| Financial charges65/66B | €125 | €285 | ▲ 128% |
| Recurring financial charges65 | €125 | €285 | ▲ 128% |
| Debt charges650 | - | €105 | - |
| Other financial charges652/9 | €125 | €180 | ▲ 44.0% |
| Profit (loss) for the period before taxes9903 | -€40,648 | -€31,780 | ▲ 21.8% |
| Profit (loss) for the period9904 | -€40,648 | -€31,780 | ▲ 21.8% |
| Profit (loss) for the period to be appropriated9905 | -€40,648 | -€31,780 | ▲ 21.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €467,944 | €442,615 | ▼ 5.4% |
| Fixed assets21/28 | €459,421 | €429,001 | ▼ 6.6% |
| Tangible fixed assets22/27 | €459,421 | €429,001 | ▼ 6.6% |
| Land and buildings22 | €459,421 | €429,001 | ▼ 6.6% |
| Current assets29/58 | €8,523 | €13,614 | ▲ 59.7% |
| Stocks and contracts in progress3 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €822 | €0 | ▼ 100% |
| Other amounts receivable41 | €822 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €7,701 | €13,614 | ▲ 76.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €467,944 | €442,615 | ▼ 5.4% |
| Equity10/15 | €464,402 | €432,623 | ▼ 6.8% |
| Contributions10/11 | €9,871 | €9,871 | = |
| Reserves13 | €454,531 | €422,751 | ▼ 7.0% |
| Distributable reserves133 | €454,531 | €422,751 | ▼ 7.0% |
| Amounts payable17/49 | €3,542 | €9,992 | ▲ 182% |
| Amounts payable within one year42/48 | €3,457 | €9,907 | ▲ 187% |
| Trade debts44 | €12 | €428 | ▲ 3,618% |
| Suppliers440/4 | €12 | €428 | ▲ 3,618% |
| Other amounts payable47/48 | €3,445 | €9,479 | ▲ 175% |
| Accrued charges and deferred income492/3 | €85 | €85 | = |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€40,648 | -€31,780 | ▲ 21.8% |
| + Depreciation and write-downs630 | €45,630 | €30,420 | ▼ 33.3% |
| Operating cash flow (approximation) | €4,982 | -€1,360 | ▼ 127% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €5,913 | - |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 17 days late
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 47 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Koksijde · 1 establishment unit since 2024
Ground area
765 m²
Building footprint
199 m²
Parcel 38342H0816/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
SMARTE
since 20242.355.985.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38342H0816/00G000 | Flanders | 765 m² | 1 · 199 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.