SMARTFOX
ActiveSummary
SMARTFOX has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €17k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-25
Solvency73▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.83 in 2024; short-term debt: 51.7% and cash: 7.3% of total assets), but 51.7% of the assets are financed with debt.
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
48.3%
Return on assets
8.3%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
26 d late
2023
61 d late
2022
67 d late
2021
81 d late
2020
88 d late
2019
14 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€101k▲ 20.7%
2024 · €83k
Total assets
€208k▲ 28.8%
2024 · €162k
Net result
€17k▼ 41.5%
2024 · €30k
Working capital
€76k▲ 17.7%
2024 · €65k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-6k€22k€-34k€41k€28k▼ 31.0%
Net result€-14k€1k€-36k€30k€17k▼ 41.5%
Equity€88k▼ 13.8%€90k▲ 1.6%€54k▼ 40.0%€83k▲ 55.0%€101k▲ 20.7%
Total assets€236k▼ 20.6%€157k▼ 33.2%€154k▼ 1.8%€162k▲ 4.6%€208k▲ 28.8%
Debt€147k▼ 24.2%€68k▼ 54.1%€101k▲ 48.9%€78k▼ 22.2%€108k▲ 37.3%
Working capital€72k▼ 9.9%€58k▼ 19.2%€48k▼ 17.9%€65k▲ 35.7%€76k▲ 17.7%
Staff (FTE)2▲ 42.9%2=2=2=2=
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 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208k
Fixed assets
€25k ▲ 25.3%
Current assets
€184k ▲ 29.3%
Equity and liabilities €208k
Equity
€101k ▲ 20.7%
Debt
€108k ▲ 37.3%
Debt's share of the balance-sheet total rises from 48.5% to 51.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41k▼
2024 · €53k
Cash flow
€30k▼
2024 · €42k
Current ratio
1.71▼
2024 · 1.83
Debt to equity
1.07▲
2024 · 0.94
ROE
17.2%▼
2024 · 35.5%
ROA
8.3%▼
2024 · 18.3%
Interest coverage
4.57▼
2024 · 6.75
Debt ≤ 1 year
€108k▲
2024 · €77k
Income taxes
€8k▲
2024 · €7k
Staff costs
€99k▼
2024 · €100k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €70k | €94k | €105k | €100k | €99k | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €4k | €11k | €13k | €13k | ▲ 0.6% |
| Other operating charges640/8 | €3k | €9k | €14k | €2k | €2k | ▼ 20.6% |
| Non-recurring operating charges66A | €9k | €13 | €743 | €366 | €475 | ▲ 29.8% |
| Gross operating margin9900 | €84k | €129k | €97k | €156k | €142k | ▼ 9.0% |
| Operating profit (loss)9901 | €-6k | €22k | €-34k | €41k | €28k | ▼ 31.0% |
| Financial income75/76B | €2k | €3k | €3k | €3k | €6k | ▲ 76.4% |
| Recurring financial income75 | €2k | €3k | €3k | €3k | €6k | ▲ 76.4% |
| Financial charges65/66B | €4k | €14k | €4k | €8k | €9k | ▲ 13.1% |
| Recurring financial charges65 | €4k | €1k | €4k | €8k | €9k | ▲ 13.1% |
| Non-recurring financial charges66B | - | €13k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-8k | €11k | €-36k | €36k | €25k | ▼ 30.3% |
| Income taxes67/77 | €6k | €10k | €63 | €7k | €8k | ▲ 19.4% |
| Profit (loss) for the period9904 | €-14k | €1k | €-36k | €30k | €17k | ▼ 41.5% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €1k | €-36k | €30k | €17k | ▼ 41.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236k | €157k | €154k | €162k | €208k | ▲ 28.8% |
| Fixed assets21/28 | €17k | €32k | €23k | €20k | €25k | ▲ 25.3% |
| Tangible fixed assets22/27 | €17k | €32k | €23k | €20k | €25k | ▲ 25.3% |
| Furniture and vehicles24 | €17k | €32k | €23k | €20k | €25k | ▲ 25.3% |
| Current assets29/58 | €219k | €126k | €131k | €142k | €184k | ▲ 29.3% |
| Amounts receivable after more than one year29 | €30k | €30k | €30k | €30k | €30k | = |
| Other amounts receivable291 | €30k | €30k | €30k | €30k | €30k | = |
| Amounts receivable within one year40/41 | €116k | €68k | €63k | €87k | €138k | ▲ 59.2% |
| Trade receivables40 | €60k | €29k | €7k | €39k | €12k | ▼ 68.0% |
| Other amounts receivable41 | €57k | €39k | €56k | €48k | €126k | ▲ 162% |
| Cash at bank and in hand54/58 | €73k | €28k | €38k | €25k | €15k | ▼ 39.4% |
| Deferred charges and accrued income490/1 | - | - | - | €59 | €60 | ▲ 1.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236k | €157k | €154k | €162k | €208k | ▲ 28.8% |
| Equity10/15 | €88k | €90k | €54k | €83k | €101k | ▲ 20.7% |
| Contributions10/11 | €12k | €12k | €14k | €14k | €14k | = |
| Capital10 | €12k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €6k | - | - | - | - | - |
| Reserves13 | €74k | €74k | €72k | €72k | €72k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | €72k | €72k | €72k | €72k | €72k | = |
| Profit (loss) carried forward14 | €2k | €3k | €-32k | €-3k | €14k | ▲ 591% |
| Amounts payable17/49 | €147k | €68k | €101k | €78k | €108k | ▲ 37.3% |
| Amounts payable after more than one year17 | - | - | €17k | €886 | - | - |
| Financial debts170/4 | - | - | €17k | €886 | - | - |
| Amounts payable within one year42/48 | €147k | €68k | €84k | €77k | €108k | ▲ 38.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €10k | €886 | ▼ 91.5% |
| Trade debts44 | €57k | €22k | €31k | €3k | €56k | ▲ 1,815% |
| Suppliers440/4 | €57k | €22k | €31k | €3k | €56k | ▲ 1,815% |
| Taxes, remuneration and social security45 | €90k | €46k | €53k | €64k | €40k | ▼ 37.1% |
| Taxes450/3 | €83k | €40k | €48k | €58k | €34k | ▼ 41.1% |
| Remuneration and social security454/9 | €7k | €5k | €5k | €6k | €6k | ▼ 2.1% |
| Other amounts payable47/48 | - | - | - | - | €10k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €1k | €-36k | €30k | €17k | ▼ 41.5% |
| + Depreciation and write-downs630 | €8k | €4k | €11k | €13k | €13k | ▲ 0.6% |
| Operating cash flow (approximation) | €-6k | €6k | €-25k | €42k | €30k | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | €-19k | €-3k | €-9k | €-18k | ▼ 93.6% |
| Change in cash | - | €-45k | €11k | €-13k | €-10k | ▲ 26.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €101k ▲20.7%
2 profitable years in a row build equity to €101k.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2019net €73k ▲344%
Operating result €106k, net result €73k, both a record.
31-12
Financial
Equity above €100kEq €102k ▲254%
2 profitable years in a row build equity to €102k.
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Beauvechain · 2 establishment units since 2019
Ground area
3,519 m²
Building footprint
203 m²
Volume, LiDAR
1,104 m³
2 parcels, Flanders, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
SMARTFOX
since 20192.295.337.922
SMARTFOX
since 20192.295.338.021
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25005C0410/00B000 | Wallonia | 3,358 m² | 1 · 203 m² | 7.3 m · 2 fl. |
| 23015B0320/00D000indicative | Flanders | 161 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,949 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
Founded18-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
68110Buying and selling of own real estate
Contact
E-mail
david@smartfox.be
Phone
+32495558555
Scores and ratios are computed by Checked and are not a credit decision.