SMARTFUEL
ActiveSMARTFUEL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-100k) and a net result of €49k. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 2262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+24
Solvency0=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.28 against 0.21 in 2024; short-term debt: 352.1% and cash: 67.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 82
Relative position
BE, all sectors
reference
Sector 82
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
-252.9%
Return on assets
123.7%
Age of the figures
9 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2262 sector peers (2025).
NBB · sector comparisonPosition among 2262 sector peers
Solvency
better than 5%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
61 d late
2023
61 d late
2022
60 d late
2021
31 d late
2020
30 d late
2019
70 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-100k▲ 32.9%
2024 · €-149k
2018: €-106k
2019: €79k
2020: €-47k
2021: €-102k
2022: €-151k
2023: €-153k
2024: €-149k
2018 → 2025
Total assets
€40k▼ 39.2%
2024 · €65k
2018: €85k
2019: €117k
2020: €103k
2021: €72k
2022: €67k
2023: €65k
2024: €65k
2018 → 2025
Net result
€49k▲ 1,135%
2024 · €4k
2018: €21k
2019: €117k
2020: €-126k
2021: €-55k
2022: €-48k
2023: €-3k
2024: €4k
2018 → 2025
Working capital
€-100k▲ 40.9%
2024 · €-169k
2018: €-101k
2019: €48k
2020: €-75k
2021: €-127k
2022: €-171k
2023: €-170k
2024: €-169k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-102k-€-151k▼ 47.0%€-153k▼ 1.7%€-149k▲ 2.6%€-100k▲ 32.9%
Operating result€-56k-€-48k▲ 15.6%€-3k▲ 94.4%€4k€48k▲ 1,268%
Net result€-55k-€-48k▲ 12.4%€-3k▲ 94.6%€4k€49k▲ 1,135%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 1,268% above 2024 and is the highest result in the available series.
Key figures and ratios
EBITDA
€48k▲
2024 · €4k
Cash flow
€49k▲
2024 · €4k
Solvency
-252.9%▼
2024 · -228.8%
Current ratio
0.28▲
2024 · 0.21
Quick ratio
0.28▲
2024 · 0.21
Debt / equity
-1.40▲
2024 · -1.44
ROA
123.7%▲
2024 · 6.1%
Interest coverage
41.31▲
2024 · 6.50
Debt
€140k▼
2024 · €214k
Debt ≤ 1 year
€140k▼
2024 · €214k
Debt > 1 year
€300=
2024 · €300
Income taxes
€0▼
2024 · €202
Staff costs
€95▼
2024 · €45k
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€65k€40k▼
Fixed assets21/28€20k€0▼
Tangible fixed assets22/27€92€0▼
Furniture and vehicles24€92€0▼
Financial fixed assets28€20k€0▼
Current assets29/58€45k€40k▼
Amounts receivable within one year40/41€27k€13k▼
Trade receivables40€27k€13k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€18k€27k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€65k€40k▼
Equity10/15€-149k€-100k▲
Contributions10/11€113k€113k=
Profit (loss) carried forward14€-262k€-213k▲
Amounts payable17/49€214k€140k▼
Amounts payable after more than one year17€300€300=
Other amounts payable178/9€300€300=
Amounts payable within one year42/48€214k€140k▼
Trade debts44€65k€6k▼
Suppliers440/4€65k€6k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€143k€130k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€45k€95▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138€92▼
Other operating charges640/8€678€694▲
Gross operating margin9900€49k€49k▼
Operating profit (loss)9901€4k€48k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€563€1k▲
Recurring financial charges65€563€1k▲
Profit (loss) for the period before taxes9903€4k€49k▲
Income taxes67/77€202€0▼
Profit (loss) for the period9904€4k€49k▲
Profit (loss) for the period to be appropriated9905€4k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-262k€-213k▲
Profit (loss) brought forward from the previous period14P€-266k€-262k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (17 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
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-126k ▼208%
Net result drops to €-126k, the lowest in the series; recovery starts the following year.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 70 days late
2019
31-12
Financial
Highest result since 2018net €117k ▲469%
Operating result €119k, net result €117k, both a record.
31-12
Financial
Liquidity times 5current ratio 2.27
Current ratio from 0.45 to 2.27; short-term debt falls from €185k to €38k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Nazareth-De Pinte · 1 establishment unit since 2014
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.
Begoniastraat 149810 Nazareth-De PinteGround area
8,248 m²
Building footprint
2,205 m²
Volume, LiDAR
13,023 m³
Parcel 44018A0135/00F002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SMARTFUEL
since 20142.235.288.091
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0135/00F002 | Flanders | 8,248 m² | 1 · 2,205 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,505 companies in sector 82990 we hold annual accounts for 9,396. 7,136 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-05-2014
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.