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Smartfin Capital III

Active Risk: not assessed
Limited partnershipfounded 2023active for 3 yearsPriester Cuypersstraat 3, 1040 Etterbeek, BelgiumKBO/BCE: BE 0800.554.064

From the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Smartfin Capital III is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €61.7m and a net result of -€1.9m. Equity has been growing by about 48% per year since 2023. Its solvency ranks better than 85% of 9,750 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

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Smartfin Capital IIIActive
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Overview

Official details

KBO
Status
Active since 07-04-2023 Normal situation
Registered office
333 active companies are registered at this address 19 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Activities of holding companies NACE 64210
Establishment unit
2.344.552.257 2860 Sint-Katelijne-Waver, since 07-04-2023
Financial year end
31 December
Peppol
Reachable since 09-04-2025
Company details

Board and ownership

Board
Auditor
FINVISION Bedrijfsrevisoren Antwerpen
Shareholders
Holdings
Shares in 3 companies including MAXFLOW and Incard Group Holding Ltd
Board & ownership

Financial position

Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
Loss
€1.9m
▲ 103%
Equity
€61.7m
▲ 65.1%
Total assets
€71.4m
▲ 89.4%
Filed on 03-06-2026, 58 days before the deadlinePDF
Financials
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
58 days early
2024
43 days early
2023
42 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 48 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€1.9m View
  • Caution: Result fell in 2025from -€949,747 to -€1.9m ▼ 103% View
  • Caution: Lower net result than 95% of companies in financial servicessector median €32,909 · 9,752 companies -€1.9m View

Comparable companies

These companies have the same main activity as Smartfin Capital III: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €60m and €92m, founded between 2021 and 2022.

CompanyTotal assetsGross margin
Smartfin Capital III Etterbeek€71.4m-€1.9m
REACTR Fund Hechtel-Eksel€60.1m-€0.1m
Studibo Belgium Merelbeke-Melle€80.9m-€3.7m
Malo Ventures Oostkamp€92.5m-€0.8m
VVH Invest Sint-Lambrechts-Woluwe€89.9m-€0.03m
PatriAF Sint-Lambrechts-Woluwe€78.7m-€0.002m
Yxof Rotselaar€90.3m-€0.2m
Full comparison

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Smartfin Capital III
What is the company number of Smartfin Capital III?
The company number of Smartfin Capital III is 0800.554.064. The VAT number is the same number with BE in front: BE 0800.554.064.
Where is Smartfin Capital III based?
The registered office is at Priester Cuypersstraat 3, 1040 Etterbeek.Company details
What does Smartfin Capital III do?
According to the KBO register, the main activity is activities of holding companies (NACE 64210).
What is the legal form of Smartfin Capital III?
The legal form of Smartfin Capital III is Limited partnership (CommV).
When was Smartfin Capital III founded?
Smartfin Capital III was founded on 07-04-2023.
Is Smartfin Capital III still active?
Yes, Smartfin Capital III is an active enterprise in the KBO register.
What is the turnover of Smartfin Capital III?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is Smartfin Capital III profitable?
In financial year 2025, Smartfin Capital III made a loss of €1.9m.
Where can I find the annual accounts of Smartfin Capital III?
Smartfin Capital III filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of Smartfin Capital III due?
Smartfin Capital III must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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