Smartex
ActiveSmartex has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €-19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency9▼-7
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.95 in 2024), and 97.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2025Solvency, return and age of the figures
Solvency
2.4%
Return on assets
-13.9%
Age of the figures
17 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€19k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 198 sector peers (2025).
NBB · sector comparisonPosition among 198 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
10 d early
2024
on the day
2023
5 d early
2022
73 d early
2021
12 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 85.3%
2024 · €22k
2021: €5k
2022: €6k
2023: €27k
2024: €22k
2021 → 2025
Total assets
€134k▼ 41.7%
2024 · €229k
2021: €166k
2022: €172k
2023: €184k
2024: €229k
2021 → 2025
Net result
€-19k▼ 265%
2024 · €-5k
2021: €1k
2022: €1k
2023: €21k
2024: €-5k
2021 → 2025
Working capital
€-19k▼ 136%
2024 · €-8k
2021: €-9k
2022: €-32k
2023: €4k
2024: €-8k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€6k▲ 22.4%€27k▲ 353%€22k▼ 18.9%€3k▼ 85.3%
Operating result€4k-€9k▲ 110%€27k▲ 213%€6k▼ 76.7%€-14k
Net result€1k-€1k▼ 23.2%€21k▲ 1,830%€-5k€-19k▼ 265%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €6k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€50k▼ 34.7%
Current assets
€84k▼ 45.2%
Equity and liabilities €134k
Equity
€3k▼ 85.3%
Debt
€130k▼ 37.1%
The debt ratio rises from 90.5% to 97.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€13k▼
2024 · €31k
Cash flow
€8k▼
2024 · €20k
Solvency
2.4%▼
2024 · 9.5%
Current ratio
0.81▼
2024 · 0.95
Quick ratio
0.81▼
2024 · 0.95
Debt / equity
40.66▲
2024 · 9.53
ROE
-578.4%▼
2024 · -23.4%
ROA
-13.9%▼
2024 · -2.2%
Interest coverage
2.71▼
2024 · 6.90
Debt
€130k▼
2024 · €207k
Debt ≤ 1 year
€103k▼
2024 · €161k
Debt > 1 year
€27k▼
2024 · €46k
Income taxes
€139▼
2024 · €215
Staff costs
€95k▼
2024 · €129k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€229k€134k▼
Fixed assets21/28€76k€50k▼
Intangible fixed assets21€4k€0▼
Tangible fixed assets22/27€72k€50k▼
Plant, machinery and equipment23-€123
Furniture and vehicles24€48k€36k▼
Leasing and similar rights25€8k€2k▼
Other tangible fixed assets26€16k€12k▼
Financial fixed assets28€260€0▼
Current assets29/58€153k€84k▼
Amounts receivable within one year40/41€149k€80k▼
Trade receivables40€139k€80k▼
Other amounts receivable41€10k€352▼
Cash at bank and in hand54/58€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€229k€134k▼
Equity10/15€22k€3k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€21k€2k▼
Amounts payable17/49€207k€130k▼
Amounts payable after more than one year17€46k€27k▼
Financial debts170/4€46k€27k▼
Amounts payable within one year42/48€161k€103k▼
Current portion of amounts payable after more than one year42€20k€19k▼
Financial debts43€8k€9k▲
Credit institutions430/8€8k€9k▲
Trade debts44€74k€11k▼
Suppliers440/4€74k€11k▼
Taxes, remuneration and social security45€46k€3k▼
Taxes450/3€33k€588▼
Remuneration and social security454/9€13k€2k▼
Other amounts payable47/48€13k€61k▲
Accrued charges and deferred income492/3€603€584▼
Income statement
Code20242025
Remuneration, social security and pensions62€129k€95k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€26k▲
Other operating charges640/8€21k€3k▼
Gross operating margin9900€181k€111k▼
Operating profit (loss)9901€6k€-14k▼
Financial charges65/66B€11k€5k▼
Recurring financial charges65€5k€5k▲
Non-recurring financial charges66B€7k€0▼
Profit (loss) for the period before taxes9903€-5k€-18k▼
Income taxes67/77€215€139▼
Profit (loss) for the period9904€-5k€-19k▼
Profit (loss) for the period to be appropriated9905€-5k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€2k▼
Profit (loss) brought forward from the previous period14P€26k€21k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2021net €21k ▲1830%
Operating result €27k, net result €21k, both a record.
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-09-2020
DEJALLE Loïc Christine Daniel: Resigned as Managing director
15-09-2020
HENKIN Gérald Lambert Pierre: Resigned as Managing director
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2015
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.
Rue des Bayards 1474000 LiègeGround area
783 m²
Building footprint
164 m²
Volume, LiDAR
1,295 m³
2 parcels, Wallonia · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SCS SMARTEX
since 20152.248.404.174
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0304/00B004 | Wallonia | 585 m² | 1 · 80 m² | 13.2 m · 3 fl. |
| 62059C1056/00R003 | Wallonia | 198 m² | 1 · 84 m² | 7.0 m · 2 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.
Similar companies · same sector, comparable size
Outseen
BE 0535.538.879
Laarne · Eq €4k
LONELY ALIEN
BE 0500.679.455
Boechout · Eq €4k
WAK
BE 0666.606.566
Zaventem · Eq €2k
Motief
BE 0777.936.436
Oostende · Eq €5k
SOLUTIONS ID
BE 0554.919.578
Brussel · Eq €5k
Of 757 companies in sector 13300 we hold annual accounts for 160. 43 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2014
Fiscal year end31-03
Activities, NACEBEL
13300Finishing of textiles
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.smartex.be
E-mail:info@smartex.be