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SMARTFLATS

In bankruptcy Public limited companyfounded 2012Louizalaan 251, 1050 IxellesKBO/BCE: BE 0849.650.615
SMARTFLATS
Financial year 2024
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Annual accounts 2024

full format, filed on 12-08-2025, 12 days late
€11.0m
▼ 26.4%
-€6.5m
▼ €6.4m
-€5.8m
▼ €6.3m
-€7.2m
▼ €7.5m
2.0%
▼ 41.3 percentage points
0.27
▼ 0.66

Money flows

of every €100 of turnover, €71.71 was lost in 2024

Balance sheet

balance sheet total €12.9m on 31-12-2024
What the company ownsHow it is paid for

in €m

in €m

Position in the sector

Compare with sector

2.0%

Higher than 27% of 486 companies in 2024.

0.27

Higher than 22% of 485 companies in 2024.

-61.0%

Lower than 95% of 486 companies in 2024.

SMARTFLATS Middle half of the sector 80% of the sector Full accounts in accommodation (NACE 55)

Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter · Staff: middle half

Staff

Men and women38% women

13.9 men and 8.6 women in full-time equivalents in 2024.

€56,873

Men €48,764, women €59,198 per full-time equivalent. Jobs differ, so this is not a pay gap.

+1 person

people who joined people who left

In 2024, 43 people joined and 42 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20242023202220212020201920182017201620152014
Balance sheet: assets
20/58 12.9m7.2m6.8m7.3m2.2m2.3m2.2m2.2m1.5m816,192269,441
20 5,65111,24916,83123,4024,84910,60416,55617,78411,6744,0764,383
21/28 9.8m3.6m2.6m5.3m1.8m1.8m1.7m1.4m958,259598,984210,987
21 205,441124,56842,72874,32179,54486,198120,970142,55739,45129,9054,987
22/27 4.2m3.3m2.5m5.1m1.4m1.5m1.4m1.1m775,972501,127192,571
22 0-03.0m-------
23 116,655152,396154,738179,685150,303165,631122,05191,10863,65455,48926,147
24 226,720323,908424,419481,050598,141693,099701,992583,778385,208277,717120,426
25 0----------
26 3.9m2.8m1.9m1.4m632,872602,584554,044457,920327,111167,92145,998
27 0----------
28 5.4m180,636110,103179,581331,332282,528184,09993,719131,16163,8769,045
280/1 3.1m50,00050,000--------
280 3.1m50,00050,000--------
281 0-0--------
282/3 0----------
282 0----------
283 0----------
284/8 2.4m130,63660,103--------
284 0----------
285/8 2.4m130,63660,103--------
29/58 3.1m3.6m4.1m1.9m389,213438,977476,370777,921542,289217,20858,454
29 0----------
290 0----------
291 0----------
3 0----------
30/36 0----------
30/31 0----------
32 0----------
33 0----------
34 0----------
35 0----------
36 0----------
37 0----------
40/41 2.7m2.8m3.0m1.5m256,317225,672132,707482,180338,81237,12852,884
40 585,4882.7m2.9m1.4m159,663161,86592,463447,775266,17920,0098,993
41 2.1m48,68981,55562,79096,65463,80640,24434,40672,63417,11943,891
50/53 0----------
50 0----------
51/53 0----------
54/58 54,479650,049879,730343,98537,271125,34288,81373,09353,15930,08050
490/1 272,661232,749215,640109,13495,62587,963254,849222,648150,318150,0005,520
Balance sheet: equity and liabilities
10/49 12.9m7.2m6.8m7.3m2.2m2.3m2.2m2.2m1.5m816,192269,441
10/15 260,4723.1m3.3m939,465237,291538,97147,26837,945-235,863116,680909
10/11 10.2m5.2m5.2m3.4m953,706937,631622,081452,681152,681110,70647,681
10 10.2m5.2m5.2m3.4m-------
100 10.2m5.2m5.2m3.4m968,581968,581622,081452,681152,681152,68147,681
101 0---14,87530,950---41,975-
11 0----------
1100/10 0----------
1109/19 0----------
12 0----------
13 299299299299299299299299299299-
130/1 299299299299299------
130 299299-299299299299299299299-
1311 0-299--------
1312 0----------
1313 0----------
1319 0----------
132 0----------
133 0----------
14 -9.9m-2.0m-1.8m-2.4m-716,714-398,959-575,112-415,035-388,8435,675-46,772
15 0----------
19 0----------
16 0----------
160/5 0----------
160 0----------
161 0----------
162 0----------
163 0----------
164/5 0----------
168 0----------
17/49 12.6m4.1m3.4m6.3m1.9m1.7m2.1m2.1m1.7m699,512268,531
17 1.0m93,854195,272340,027165,310232,457430,815563,235595,347275,43236,977
170/4 1.0m93,854192,430340,027165,310232,457430,815563,235595,347275,43236,977
170 0----------
171 0----------
172 0----------
173 1.0m93,854192,430--------
174 0----------
175 0----------
1750 0----------
1751 0----------
176 0----------
178/9 0-2,842--------
42/48 11.5m3.9m3.0m5.5m1.6m961,1271.1m1.1m920,376424,080228,208
42 5.3m103,765155,5352.8m128,474193,201288,284252,094154,69782,46618,775
43 0-----34,667234,595234,46434,95234,596
430/8 0-----34,667234,595234,46434,95234,596
439 0----------
44 4.5m3.0m2.6m2.4m1.4m540,934568,425446,953462,989254,274165,259
440/4 4.5m3.0m2.6m2.0m702,303540,934568,425446,953462,989254,274165,259
441 0--406,247655,341------
46 0--------6,050-
45 541,918777,349216,058313,94776,556176,992164,420135,81066,24641,3382,760
450/3 209,120513,66167,12875,87441,953102,87956,33338,90014,8419,198356
454/9 332,798263,688148,931238,07234,60374,113108,08796,91151,40632,1402,404
47/48 1.1m24,539--25,00050,00025,00060,6301,9795,0006,818
492/3 118,83151,846263,700505,465195,978547,067617,204433,525220,689-3,346
Income statement
70/76A 11.8m15.3m11.5m--------
70 11.0m14.9m11.1m------1.4m-
71 0----------
72 578,970----------
74 297,473415,74090,974--------
76A --387,89815,025--87-64,984--
9900 ----85,607384,3871.1m1.0m884,26958,976363,44399,455
60/66A 18.3m15.3m10.8m--------
60/61 ---------1.4m-
60 -26-4---------
600/8 0----------
609 -26-4---------
61 14.9m13.4m9.5m--------
62 1.3m1.1m700,932642,689314,958421,740462,531443,864278,671149,68477,914
630 687,195510,573410,992412,085280,201294,663247,716200,340118,42073,61726,675
631/4 399,974-48,284--82--39,904----
635/8 0----------
640/8 1.0m420,599219,275313,48846,42060,333191,020120,44158,06362,2909,929
649 0--50,000--------
66A -27,507-54,58218,626-62,651140,73729,600---
9901 -6.5m-14,411753,543-1.5m-257,192289,176-51,47990,022-396,17777,852-15,063
75/76B 9,210-61822,167--2951167
75 9,210-61822,167--2951167
750 0----------
751 9,043----------
752/9 167-6--------
65/66B 1.4m190,025161,801238,35862,730113,023108,598116,21663,42020,95010,979
65 1.3m190,025161,801238,35862,730113,023108,598116,21663,42020,95010,979
650 198,83016,289160,617--------
651 1.0m----------
652/9 92,985173,7361,184--------
66B 50,000----------
9903 -7.8m-204,436591,747-1.7m-317,756176,153-160,077-26,191-394,51757,018-26,035
780 0----------
680 0----------
67/77 59,929------014,2722
670/3 59,929----------
77 0----------
9904 -7.9m-204,436591,747-1.7m-317,756176,153-160,077-26,192-394,51852,746-26,037
789 0----------
689 0----------
9905 -7.9m-204,436591,747-1.7m-317,756176,153-160,077-26,192-394,51852,746-26,037
Appropriation of the result
9906 -9.9m-2.0m-1.8m-2.4m-716,714-398,959-575,112-415,035-388,8435,974-46,772
14P -2.0m-1.8m-2.4m-716,714-------
791/2 0----------
791 0----------
792 0----------
691/2 0--------299-
691 0----------
6920 0--------299-
6921 0----------
794 0----------
694/7 0----------
694 0----------
695 0----------
696 0----------
697 0----------
Social balance sheet
9087 232015.213.41212.115.411.47.76.12
Men (FTE)1003 13.913.415--------
Women (FTE)1003 8.66.60.2--------
Hours worked1013 34,81031,04922,90721,81413,70520,77927,04619,4607,32110,9703,910
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 163 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 12-08-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2024 annual accounts filed 12 days after the deadline. Filed on 12 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00370573.

Financial year Type Filed Reference Document
31-12-2024 full format 12-08-2025 2025-00370573 PDF
31-12-2023 full format 27-08-2024 2024-00373757 PDF
31-12-2022 full format 13-06-2023 2023-00125584 PDF
31-12-2021 full format 06-01-2023 2023-20555503 PDF
30-09-2020 full format 31-05-2021 2021-16300299 PDF
30-09-2019 full format 17-04-2020 2020-09500025 PDF
30-09-2018 full format 30-04-2019 2019-12000472 PDF
30-09-2017 full format 27-04-2018 2018-10800460 PDF
30-09-2016 full format 09-03-2017 2017-06000303 PDF
30-09-2015 full format 22-01-2016 2016-02300353 PDF
30-09-2014 full format 13-03-2015 2015-06200028 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20242023202220212020201920182017201620152014
-5.8m496,1621.2m-1.1m23,009583,839196,237290,363-277,757151,46911,612
-7.2m306,1371.0m-1.3m-37,554470,81687,639174,149-276,098126,363638
4.7m1.4m836,7924.1m242,352435,595556,156658,150448,870498,229187,693
-595,570-229,681535,746306,714-88,07236,52915,72019,93523,07930,030-
-8.4m-305,2751.1m-3.5m-1.2m-522,149-604,426-352,161-378,086-206,872-169,754
-58.9%-0.1%6.8%------5.6%-
2.0%43.3%49.3%13.0%10.9%23.6%2.2%1.8%-15.7%14.3%0.3%
0.270.921.380.350.250.460.440.690.590.510.26
48.501.311.036.728.213.2345.0456.05-6.00-
--6.5%17.8%-182.1%-133.9%32.7%-338.7%-69.0%-45.2%-
-61.0%-2.8%8.8%-23.6%-14.5%7.7%-7.4%-1.2%-26.3%6.5%-9.7%
-29.0530.467.25-4.45-------
19 days66 days97 days------5 days-
110 days83 days100 days------69 days-

A ratio outside any meaningful range has been withheld (balance sheet total €12.9m, equity €260,472).

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date23221521
full-time17171518
part-time65-3
in full-time equivalents19.5191519.6
22.52015.213.4
On a permanent contract15131011
Joined43-1826
Left42-2714

Source: social balance sheet in the 2021 to 2024 annual accounts

Overdue debts

tax and social security
Item2024202320222021
Overdue tax debts€209,120€513,661--
Overdue social security (RSZ) debts€236,172€131,780--

Source: notes to the 2021 to 2024 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others
Item2024202320222021
Debts secured on the company's own assets€931,700---
€931,700---

Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item2024202320222021
Tangible fixed assets€1.6m€1.3m€789,382€4.0m
Intangible fixed assets€127,061€101,060€47,411€47,523
Financial fixed assets€3.1m---
€687,195€510,573€410,992€412,085

Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)

Insights on SMARTFLATS

The operating result for 2024 is a loss of €6.5m, larger than the loss of €14,411 in 2023. It is the lowest result since 2014.

Debt's share of the balance-sheet total rises from 56.7% to 98.0%. Equity is lower and debt is higher.

Large changes and their cause
  • 2024 Total assets +79% on 2023. Capital increase of €4,999,552 (Official Gazette 09-09-2024).
  • 2022 Equity +255% on 2021. Capital increase of €1,800,056 (Official Gazette 16-03-2022).
  • 2021 Net result -438% on 2020. This financial year ran 15 months, the previous one 12.
  • 2021 Equity +296% on 2020. Capital increase of €299,916 (Official Gazette 27-10-2021).

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