SMARTECH

Active

Private limited company (pre-2019)founded 201610 yrs activeBevrijdingslaan 56, 9000 Gent, BelgiumKBO/BCE: BE 0645.825.505

The computed 12-month bankruptcy probability of SMARTECH is 1.7% (moderate). The 2024 annual accounts show equity of €8k and a net result of €-5k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 38% of 26043 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

35 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability6▼-41

Solvency44▼-15

Growth68=

Track record100

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

No publishable credit limit; credit only on tighter terms

Liquidity tight (current ratio 1.23 against 1.52 in 2023; short-term debt: 81.1% and cash: 7.7% of total assets), and 81.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

18.9%

Return on assets

-12.7%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

51 d early

2022

53 d late

2021

31 d late

2020

45 d early

2019

320 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

€35k▲ 138%

2019 · €15k

2018: €3k 2019: €15k

2018 → 2020

EBIT margin

14.0%▼ 0.3pp

2019 · 14.4%

2018: 47.7% 2019: 14.4%

2018 → 2020

Net result

€-5k

2023 · €173

2018: €1k 2019: €2k 2020: €5k 2021: €648 2022: €3k 2023: €173

2018 → 2024

Working capital

€8k▼ 40.3%

2023 · €13k

2018: €6k 2019: €8k 2020: €12k 2021: €9k 2022: €12k 2023: €13k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€35k-

Equity€14k-€10k▼ 28.0%€13k▲ 27.2%€13k▲ 1.4%€8k▼ 40.3%

Operating result€5k-€762▼ 84.3%€3k▲ 280%€445▼ 84.6%€-5k

Net result€5k-€648▼ 86.6%€3k▲ 316%€173▼ 93.6%€-5k

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 turns negative in 2024: a loss of €5k after €445 in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €40k

18.9%

81.1%

Equity €8k▼ 40.3%

Debt €33k▲ 33.1%

The debt ratio rises from 65.9% to 81.1%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

Solvency

18.9%▼

2023 · 34.1%

Current ratio

1.23▼

2023 · 1.52

Quick ratio

0.13▲

2023 · 0.10

Debt / equity

4.30▲

2023 · 1.93

ROE

-67.4%▼

2023 · 1.3%

ROA

-12.7%▼

2023 · 0.5%

Debt

€33k▲

2023 · €25k

Debt ≤ 1 year

€33k▲

2023 · €25k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€37k€40k▲

Current assets29/58€37k€40k▲

Stocks and contracts in progress3€35k€36k▲

Stocks30/36€35k€36k▲

Amounts receivable within one year40/41-€337

Other amounts receivable41-€337

Cash at bank and in hand54/58€2k€3k▲

Deferred charges and accrued income490/1€842€842=

Equity and liabilities

Total equity and liabilities10/49€37k€40k▲

Equity10/15€13k€8k▼

Contributions10/11€100€100=

Capital10€100€100=

Issued capital100€19k€19k=

Uncalled capital101€19k€19k=

Reserves13€10€10=

Non-distributable reserves130/1€10€10=

Legal reserve130€10€10=

Profit (loss) carried forward14€13k€8k▼

Amounts payable17/49€25k€33k▲

Amounts payable within one year42/48€25k€33k▲

Trade debts44€1k€6k▲

Suppliers440/4€1k€6k▲

Taxes, remuneration and social security45€6k€7k▲

Taxes450/3€6k€7k▲

Other amounts payable47/48€17k€20k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€470-

Other operating charges640/8€58-

Gross operating margin9900€973€-5k▼

Operating profit (loss)9901€445€-5k▼

Financial charges65/66B€272€131▼

Recurring financial charges65€272€131▼

Profit (loss) for the period before taxes9903€173€-5k▼

Profit (loss) for the period9904€173€-5k▼

Profit (loss) for the period to be appropriated9905€173€-5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€13k€8k▼

Profit (loss) brought forward from the previous period14P€13k€13k▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 3Filings 9

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-5k ▼3085%

Net result drops to €-5k, the lowest in the series.

10-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

22-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 53 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

16-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

16-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 320 days late

2020

31-12

Financial Highest result since 2018net €5k ▲133%

Operating result €5k, net result €5k, both a record.

31-12

Financial Liquidity times 160current ratio 225.79

Current ratio from 1.41 to 225.79; short-term debt falls from €18k to €55.

15-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 350 days late

15-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 715 days late

15-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 1080 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Gent · 2 establishment units since 2016

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Bevrijdingslaan 569000 Gent

Ground area

524 m²

Building footprint

299 m²

Volume, LiDAR

2,506 m³

2 parcels, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.

2 establishment units

SMARTECH

Bevrijdingslaan 56, 9000 GentWholesale trade

since 20162.300.861.378

Antwerpsesteenweg 55, 9000 Gent

Telecommunications

since 20252.371.924.073

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44807G0885/22K000	Flanders	463 m²	1 · 243 m²	14.5 m · 4 fl.
44816K0502/00F005	Flanders	62 m²	1 · 56 m²	11.4 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 4,000 EUR awarded · 4,000 EUR paid

Year	Entries	awarded	paid
2025	1	2,000 EUR	2,000 EUR
2023	1	2,000 EUR	2,000 EUR

Schemes

Hinderpremie bij openbare werken

2 entries · 4,000 EUR · 4,000 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 3,227 companies in sector 47400 we hold annual accounts for 1,806. 823 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded12-01-2016

Fiscal year end31-12

Activities, NACEBEL

47400Retail sale of information and communication equipment

47420Retail trade

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.