SMARTFIBER
ActiveSummary
The computed 12-month bankruptcy probability of SMARTFIBER is 2.2% (moderate). The 2025 annual accounts show equity of €143,681 and a net result of €35,259. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 262 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-10
Solvency94▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 3.13 against 3.97 in 2024; short-term debt: 31.5% of total assets), and 31.5% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
68.5%
Return on assets
16.8%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €143,681
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
30 d early
2021
33 d early
2020
22 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€143,681▲ 9.5%
2024 · €131,267
Total assets
€209,624▲ 21.7%
2024 · €172,252
Net result
€35,259▼ 44.2%
2024 · €63,184
Working capital
€140,350▲ 15.3%
2024 · €121,699
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, 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
Line20212022202320242025
Operating result-€6,417▲ 3.0%€66,387€62,122▼ 6.4%€92,797▲ 49.4%€48,173▼ 48.1%
Net result-€6,527below the sector's middle half▲ 1.9%€53,653above the sector's middle half€39,038above the sector's middle half▼ 27.2%€63,184above the sector's middle half▲ 61.9%€35,259above the sector's middle half▼ 44.2%
Equity-€24,608below the sector's middle half▼ 36.1%€29,045within the sector's middle half€68,083within the sector's middle half▲ 134%€131,267above the sector's middle half▲ 92.8%€143,681above the sector's middle half▲ 9.5%
Total assets€2,692below the sector's middle half▼ 66.2%€71,318within the sector's middle half▲ 2,549%€114,116within the sector's middle half▲ 60.0%€172,252within the sector's middle half▲ 50.9%€209,624within the sector's middle half▲ 21.7%
Debt€27,300▲ 4.8%€42,273▲ 54.8%€46,033▲ 8.9%€40,985▼ 11.0%€65,943▲ 60.9%
Working capital-€24,608below the sector's middle half▼ 33.9%€10,845within the sector's middle half€52,261within the sector's middle half▲ 382%€121,699above the sector's middle half▲ 133%€140,350above the sector's middle half▲ 15.3%
Solvency40.7%within the sector's middle half59.7%within the sector's middle half▲ 18.9pp76.2%above the sector's middle half▲ 16.5pp68.5%within the sector's middle half▼ 7.7pp
Current ratio1.26within the sector's middle half2.14within the sector's middle half▲ 0.883.97above the sector's middle half▲ 1.833.13within the sector's middle half▼ 0.84
Return on assets (ROA)75.2%above the sector's middle half34.2%above the sector's middle half▼ 41.0pp36.7%above the sector's middle half▲ 2.5pp16.8%within the sector's middle half▼ 19.9pp
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €209,624
Fixed assets
€3,331 ▼ 65.2%
Current assets
€206,293 ▲ 26.8%
Equity and liabilities €209,624
Equity
€143,681 ▲ 9.5%
Debt
€65,943 ▲ 60.9%
Debt's share of the balance-sheet total rises from 23.8% to 31.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,497▼
2024 · €101,261
Cash flow
€42,583▼
2024 · €71,649
Debt to equity
0.46▲
2024 · 0.31
ROE
24.5%▼
2024 · 48.1%
Interest coverage
53.56▼
2024 · 548.25
Debt ≤ 1 year
€65,943▲
2024 · €40,985
Income taxes
€22,833▼
2024 · €34,183
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 higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €301 | €1,694 | €6,482 | €8,465 | €7,324 | ▼ 13.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€4,473 | - |
| Other operating charges640/8 | - | €761 | €1,242 | €1,046 | €6,406 | ▲ 513% |
| Gross operating margin9900 | -€1,296 | €68,841 | €69,847 | €102,307 | €57,430 | ▼ 43.9% |
| Operating profit (loss)9901 | -€6,417 | €66,387 | €62,122 | €92,797 | €48,173 | ▼ 48.1% |
| Financial income75/76B | - | €901 | €2,239 | €4,755 | €10,955 | ▲ 130% |
| Recurring financial income75 | - | €901 | €2,239 | €4,755 | €10,955 | ▲ 130% |
| Financial charges65/66B | - | €479 | €695 | €185 | €1,036 | ▲ 461% |
| Recurring financial charges65 | €110 | €479 | €695 | €185 | €1,036 | ▲ 461% |
| Profit (loss) for the period before taxes9903 | -€6,527 | €66,809 | €63,666 | €97,367 | €58,093 | ▼ 40.3% |
| Income taxes67/77 | - | €13,156 | €24,628 | €34,183 | €22,833 | ▼ 33.2% |
| Profit (loss) for the period9904 | -€6,527 | €53,653 | €39,038 | €63,184 | €35,259 | ▼ 44.2% |
| Profit (loss) for the period to be appropriated9905 | -€6,527 | €53,653 | €39,038 | €63,184 | €35,259 | ▼ 44.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,692 | €71,318 | €114,116 | €172,252 | €209,624 | ▲ 21.7% |
| Fixed assets21/28 | - | €18,201 | €15,822 | €9,568 | €3,331 | ▼ 65.2% |
| Tangible fixed assets22/27 | - | €18,201 | €15,822 | €9,568 | €3,331 | ▼ 65.2% |
| Furniture and vehicles24 | - | €18,201 | €15,822 | €9,568 | €3,331 | ▼ 65.2% |
| Current assets29/58 | €2,692 | €53,117 | €98,294 | €162,684 | €206,293 | ▲ 26.8% |
| Amounts receivable within one year40/41 | €2,692 | €39,503 | €96,289 | €155,132 | €205,898 | ▲ 32.7% |
| Trade receivables40 | - | €14,896 | €49,165 | €24,353 | €7,812 | ▼ 67.9% |
| Other amounts receivable41 | - | €24,607 | €47,124 | €130,780 | €198,086 | ▲ 51.5% |
| Cash at bank and in hand54/58 | - | €13,614 | €707 | €6,934 | - | - |
| Deferred charges and accrued income490/1 | - | - | €1,299 | €618 | €394 | ▼ 36.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,692 | €71,318 | €114,116 | €172,252 | €209,624 | ▲ 21.7% |
| Equity10/15 | -€24,608 | €29,045 | €68,083 | €131,267 | €143,681 | ▲ 9.5% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €22,845 | €61,883 | €125,067 | €137,481 | ▲ 9.9% |
| Distributable reserves133 | - | €22,845 | €61,883 | €125,067 | €137,481 | ▲ 9.9% |
| Profit (loss) carried forward14 | -€30,808 | - | - | - | - | - |
| Amounts payable17/49 | €27,300 | €42,273 | €46,033 | €40,985 | €65,943 | ▲ 60.9% |
| Amounts payable within one year42/48 | €27,300 | €42,273 | €46,033 | €40,985 | €65,943 | ▲ 60.9% |
| Financial debts43 | - | €580 | €1,467 | €349 | €18,530 | ▲ 5,203% |
| Credit institutions430/8 | - | €580 | €1,467 | €349 | €18,530 | ▲ 5,203% |
| Trade debts44 | €373 | €2,937 | €19,938 | €952 | €1,670 | ▲ 75.5% |
| Suppliers440/4 | - | €2,937 | €19,938 | €952 | €1,670 | ▲ 75.5% |
| Taxes, remuneration and social security45 | - | €14,791 | €24,628 | €39,684 | €22,897 | ▼ 42.3% |
| Taxes450/3 | - | €14,791 | €24,628 | €39,684 | €22,897 | ▼ 42.3% |
| Other amounts payable47/48 | - | €23,966 | - | - | €22,845 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,527 | €53,653 | €39,038 | €63,184 | €35,259 | ▼ 44.2% |
| + Depreciation and write-downs630 | €301 | €1,694 | €6,482 | €8,465 | €7,324 | ▼ 13.5% |
| Operating cash flow (approximation) | -€6,226 | €55,347 | €45,520 | €71,649 | €42,583 | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | - | -€4,103 | -€2,211 | -€1,086 | ▲ 50.9% |
| Change in cash | - | - | -€12,908 | €6,227 | - | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €63,184 ▲61.9%
Operating result €92,797, net result €63,184, both a record.
30-09
Financial
Equity above €100,000Eq €131,267 ▲92.8%
3 profitable years in a row build equity to €131,267.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €53,653
Net result €53,653 after 4 loss-making years.
30-09
Financial
Liquidity times 13current ratio 1.26
Current ratio from 0.10 to 1.26.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€7,197
Net result drops to -€7,197, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Elsene · 1 establishment unit since 2016
Ground area
374 m²
Building footprint
170 m²
Volume, LiDAR
2,142 m³
Parcel 21447B0342/00X007, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SMARTFIBER
since 20162.257.722.906
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0342/00X007 | Brussels | 374 m² | 1 · 170 m² | 17.6 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 2,158 companies in sector 61200 we hold annual accounts for 696. 474 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-06-2016
Fiscal year end30-09
Activities, NACEBEL 2025
61200Telecommunications resale and intermediation services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656677627
Also
9925:BE0656677627
Registered
02-06-2025
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.