SMARTIA
ActiveSummary
SMARTIA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €4k. Equity is shrinking by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 20% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+21
Solvency41▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.66 against 0.39 in 2024; short-term debt: 29.9% and cash: 1.7% of total assets), and 84.4% of the assets are financed with debt.
Credit check 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
15.6%
Return on assets
4%
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 20% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 20%
← weakest
strongest →
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 €17k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
21 d early
2023
8 d early
2022
on the day
2021
6 d early
2020
25 d early
2019
3 d late
← 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
Financials · fiscal year 2025, micro schema
Equity
€17k▲ 34.0%
2024 · €13k
2018: €24k
2019: €22k▼ -10.6% vs 2018
2020: €30k▲ +39.2% vs 2019
2021: €44k▲ +45.8% vs 2020highest in 8 years
2022: €32k▼ -28.5% vs 2021
2023: €15k▼ -52.5% vs 2022
2024: €13k▼ -14.8% vs 2023lowest in 8 years
2025: €17k▲ +34.0% vs 2024
2018 → 2025
Total assets
€110k▲ 2.9%
2024 · €107k
2018: €126k
2019: €65k▼ -48.8% vs 2018lowest in 8 years
2020: €74k▲ +14.3% vs 2019
2021: €168k▲ +128% vs 2020highest in 8 years
2022: €140k▼ -16.9% vs 2021
2023: €105k▼ -24.8% vs 2022
2024: €107k▲ +1.7% vs 2023
2025: €110k▲ +2.9% vs 2024
2018 → 2025
Net result
€4k
2024 · €-2k
2018: €36khighest in 8 years
2019: €-3k▼ -107% vs 2018
2020: €9k▲ +432% vs 2019
2021: €14k▲ +62.7% vs 2020
2022: €-13k▼ -191% vs 2021
2023: €-17k▼ -32.1% vs 2022lowest in 8 years
2024: €-2k▲ +86.6% vs 2023
2025: €4k▲ +295% vs 2024
2018 → 2025
Working capital
€-11k▲ 40.1%
2024 · €-19k
2018: €-10k
2019: €10k▲ +196% vs 2018
2020: €21k▲ +115% vs 2019highest in 8 years
2021: €18k▼ -10.8% vs 2020
2022: €1k▼ -94.0% vs 2021
2023: €-13k▼ -1251% vs 2022
2024: €-19k▼ -49.4% vs 2023lowest in 8 years
2025: €-11k▲ +40.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€32k▼ 28.5%€15k▼ 52.5%€13k▼ 14.8%€17k▲ 34.0%
2021: €44khighest in 5 years
2022: €32k▼ -28.5% vs 2021
2023: €15k▼ -52.5% vs 2022
2024: €13k▼ -14.8% vs 2023lowest in 5 years
2025: €17k▲ +34.0% vs 2024
Operating result€22k-€-8k€-13k▼ 50.7%€2k€8k▲ 379%
2021: €22khighest in 5 years
2022: €-8k▼ -139% vs 2021
2023: €-13k▼ -50.7% vs 2022lowest in 5 years
2024: €2k▲ +113% vs 2023
2025: €8k▲ +379% vs 2024
Net result€14k-€-13k€-17k▼ 32.1%€-2k▲ 86.6%€4k
2021: €14khighest in 5 years
2022: €-13k▼ -191% vs 2021
2023: €-17k▼ -32.1% vs 2022lowest in 5 years
2024: €-2k▲ +86.6% vs 2023
2025: €4k▲ +295% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 379% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €110k
Fixed assets
€88k ▼ 6.7%
Current assets
€22k ▲ 79.0%
Equity and liabilities €110k
Equity
€17k ▲ 34.0%
Debt
€93k ▼ 1.3%
Debt's share of the balance-sheet total falls from 88.0% to 84.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▲
2024 · €9k
Cash flow
€11k▲
2024 · €5k
Current ratio
0.66▲
2024 · 0.39
Debt to equity
5.42▼
2024 · 7.36
ROE
25.4%▲
2024 · -17.4%
ROA
4.0%▲
2024 · -2.1%
Interest coverage
3.94▲
2024 · 2.34
Debt ≤ 1 year
€33k▲
2024 · €31k
Debt > 1 year
€59k▼
2024 · €62k
Income taxes
€153▼
2024 · €168
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€107k€110k▲
Fixed assets21/28€95k€88k▼
Tangible fixed assets22/27€95k€88k▼
Land and buildings22€91k€85k▼
Plant, machinery and equipment23€127-
Other tangible fixed assets26€4k€3k▼
Current assets29/58€12k€22k▲
Amounts receivable within one year40/41€11k€19k▲
Trade receivables40€11k€19k▲
Cash at bank and in hand54/58€318€2k▲
Deferred charges and accrued income490/1€792€712▼
Equity and liabilities
Total equity and liabilities10/49€107k€110k▲
Equity10/15€13k€17k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-8k€-3k▲
Amounts payable17/49€94k€93k▼
Amounts payable after more than one year17€62k€59k▼
Financial debts170/4€61k€58k▼
Other amounts payable178/9€1k€1k=
Amounts payable within one year42/48€31k€33k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€4k€11k▲
Suppliers440/4€4k€11k▲
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€6k€3k▼
Other amounts payable47/48€13k€15k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€12k€16k▲
Operating profit (loss)9901€2k€8k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-2k€5k▲
Income taxes67/77€168€153▼
Profit (loss) for the period9904€-2k€4k▲
Profit (loss) for the period to be appropriated9905€-2k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-3k▲
Profit (loss) brought forward from the previous period14P€-5k€-8k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €8k | €7k | €7k | €6k | ▼ 10.1% |
| Other operating charges640/8 | €2k | €1k | €1k | €3k | €2k | ▼ 55.9% |
| Gross operating margin9900 | €45k | €194 | €-4k | €12k | €16k | ▲ 31.5% |
| Operating profit (loss)9901 | €22k | €-8k | €-13k | €2k | €8k | ▲ 379% |
| Financial income75/76B | - | €0 | €3 | - | €0 | - |
| Recurring financial income75 | - | €0 | €3 | - | €0 | - |
| Financial charges65/66B | €2k | €4k | €4k | €4k | €4k | ▼ 1.8% |
| Recurring financial charges65 | €2k | €4k | €4k | €4k | €4k | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | €19k | €-12k | €-16k | €-2k | €5k | ▲ 319% |
| Income taxes67/77 | €5k | €187 | €176 | €168 | €153 | ▼ 8.9% |
| Profit (loss) for the period9904 | €14k | €-13k | €-17k | €-2k | €4k | ▲ 295% |
| Profit (loss) for the period to be appropriated9905 | €14k | €-13k | €-17k | €-2k | €4k | ▲ 295% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168k | €140k | €105k | €107k | €110k | ▲ 2.9% |
| Fixed assets21/28 | €97k | €99k | €93k | €95k | €88k | ▼ 6.7% |
| Tangible fixed assets22/27 | €97k | €99k | €93k | €95k | €88k | ▼ 6.7% |
| Land and buildings22 | €89k | €94k | €90k | €91k | €85k | ▼ 6.2% |
| Plant, machinery and equipment23 | €2k | €771 | €449 | €127 | - | - |
| Furniture and vehicles24 | €3k | €2k | €706 | - | - | - |
| Other tangible fixed assets26 | €3k | €3k | €2k | €4k | €3k | ▼ 16.1% |
| Current assets29/58 | €71k | €41k | €12k | €12k | €22k | ▲ 79.0% |
| Amounts receivable after more than one year29 | - | €2k | - | - | - | - |
| Other amounts receivable291 | - | €2k | - | - | - | - |
| Amounts receivable within one year40/41 | €62k | €32k | €10k | €11k | €19k | ▲ 73.8% |
| Trade receivables40 | €62k | €32k | €10k | €11k | €19k | ▲ 73.8% |
| Cash at bank and in hand54/58 | €7k | €7k | €2k | €318 | €2k | ▲ 480% |
| Deferred charges and accrued income490/1 | €1k | - | €787 | €792 | €712 | ▼ 10.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168k | €140k | €105k | €107k | €110k | ▲ 2.9% |
| Equity10/15 | €44k | €32k | €15k | €13k | €17k | ▲ 34.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €24k | €11k | €-5k | €-8k | €-3k | ▲ 56.6% |
| Amounts payable17/49 | €124k | €108k | €90k | €94k | €93k | ▼ 1.3% |
| Amounts payable after more than one year17 | €70k | €67k | €65k | €62k | €59k | ▼ 5.1% |
| Financial debts170/4 | €70k | €67k | €64k | €61k | €58k | ▼ 5.2% |
| Other amounts payable178/9 | - | - | €1k | €1k | €1k | = |
| Amounts payable within one year42/48 | €52k | €40k | €25k | €31k | €33k | ▲ 6.2% |
| Current portion of amounts payable after more than one year42 | €3k | €3k | €3k | €3k | €3k | ▲ 2.4% |
| Financial debts43 | - | - | €3k | €5k | - | - |
| Credit institutions430/8 | - | - | €3k | €5k | - | - |
| Trade debts44 | €22k | €26k | €8k | €4k | €11k | ▲ 207% |
| Suppliers440/4 | €22k | €26k | €8k | €4k | €11k | ▲ 207% |
| Taxes, remuneration and social security45 | €22k | €11k | €6k | €6k | €3k | ▼ 41.7% |
| Taxes450/3 | €20k | €11k | €5k | €6k | €3k | ▼ 41.7% |
| Remuneration and social security454/9 | €2k | - | €2k | - | - | - |
| Other amounts payable47/48 | €6k | - | €4k | €13k | €15k | ▲ 12.7% |
| Accrued charges and deferred income492/3 | €2k | €1k | €202 | €1k | €1k | ▲ 2.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €-13k | €-17k | €-2k | €4k | ▲ 295% |
| + Depreciation and write-downs630 | €21k | €8k | €7k | €7k | €6k | ▼ 10.1% |
| Operating cash flow (approximation) | €35k | €-5k | €-10k | €5k | €11k | ▲ 120% |
| Investment in fixed assets (approximation) | - | €-9k | €-1k | €-9k | €0 | ▲ 100% |
| Change in cash | - | €-247 | €-5k | €-1k | €2k | ▲ 219% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
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, Fléron · 1 establishment unit since 2015
Ground area
906 m²
Building footprint
60 m²
Volume, LiDAR
255 m³
Parcel 62038B0054/00V000, Wallonia · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HTAG
since 20152.241.634.366
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62038B0054/00V000 | Wallonia | 906 m² | 1 · 60 m² | 5.7 m · 1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 28,898 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
Founded08-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73110Advertising agencies
73120Media representation
73200Market research and public opinion polling
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.