SMARTKODER
Annual accounts 2025
micro format, filed on 01-04-2026, 121 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €220,000 and €510,000.
Money flows
no detail for 2025Balance sheet
balance sheet total €280,406 on 31-12-2025in euro
in euro
Position in the sector
76.7%
Higher than 73% of 2,302 companies in 2025.
4.35
Higher than 74% of 2,199 companies in 2025.
32.0%
Higher than 74% of 2,233 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
280,406 | 295,881 | 327,666 | 321,226 | 345,441 | 348,331 | 339,036 | 348,686 | 329,283 | 271,391 | 134,554 | 119,295 | 107,469 | |
21/28 |
1,391 | 178,113 | 183,882 | 189,507 | 224,293 | 238,432 | 255,631 | 269,834 | 248,321 | 170,647 | 43,569 | 50,253 | 50,939 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | |
22/27 |
1,366 | 178,088 | 183,857 | 189,482 | 209,268 | 223,407 | 240,606 | 254,809 | 218,296 | 140,622 | 13,544 | 20,228 | 25,914 | |
22 |
- | 177,249 | 181,682 | 186,115 | 190,740 | 195,365 | 199,990 | 204,615 | 216,577 | 133,680 | - | - | - | |
24 |
1,366 | 839 | 2,175 | 3,367 | 18,528 | 28,042 | 40,616 | 50,194 | 1,719 | 6,942 | 13,544 | 20,228 | 25,914 | |
28 |
25 | 25 | 25 | 25 | 15,025 | 15,025 | 15,025 | 15,025 | 30,025 | 30,025 | 30,025 | 30,025 | 25,025 | |
29/58 |
279,015 | 117,768 | 143,784 | 131,719 | 121,147 | 109,899 | 83,405 | 78,852 | 80,962 | 100,743 | 90,985 | 69,042 | 56,530 | |
3 |
- | - | - | 2,346 | - | - | - | - | - | - | - | - | - | |
30/36 |
- | - | - | 2,346 | - | - | - | - | - | - | - | - | - | |
40/41 |
13,764 | 12,197 | 12,874 | 12,812 | 12,991 | 9,952 | 12,226 | 15,157 | 15,637 | 12,027 | 48 | 8,349 | 10,482 | |
40 |
13,764 | 12,197 | 12,874 | 11,192 | 11,495 | 9,680 | 11,193 | 15,157 | 12,042 | 9,585 | 48 | 8,349 | 10,482 | |
41 |
- | - | - | 1,620 | 1,496 | 272 | 1,034 | - | 3,595 | 2,441 | - | - | - | |
50/53 |
- | 39,000 | 78,000 | - | - | - | - | - | - | - | - | - | - | |
54/58 |
262,426 | 63,335 | 49,087 | 115,020 | 106,623 | 98,958 | 71,179 | 63,696 | 65,324 | 88,717 | 90,936 | 60,693 | 46,048 | |
490/1 |
2,825 | 3,236 | 3,822 | 1,541 | 1,533 | 989 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
280,406 | 295,881 | 327,666 | 321,226 | 345,441 | 348,331 | 339,036 | 348,686 | 329,283 | 271,391 | 134,554 | 119,295 | 107,469 | |
10/15 |
215,016 | 137,562 | 163,381 | 199,997 | 193,673 | 186,018 | 175,362 | 167,114 | 138,501 | 125,155 | 102,612 | 73,741 | 43,513 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
196,416 | 118,962 | 144,781 | 181,397 | 175,073 | 167,418 | 156,762 | 148,514 | 119,901 | 106,555 | 84,012 | 1,860 | 1,860 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
196,416 | 118,962 | 144,781 | 179,537 | 173,213 | 165,558 | 154,902 | 146,654 | 118,041 | 104,695 | 82,152 | - | - | |
14 |
- | - | - | - | - | - | - | - | - | - | - | 53,281 | 23,053 | |
17/49 |
65,389 | 158,319 | 164,285 | 121,229 | 151,768 | 162,312 | 163,674 | 181,573 | 190,782 | 146,236 | 31,942 | 45,554 | 63,956 | |
17 |
- | 53,736 | 62,186 | 70,499 | 78,675 | 95,889 | 112,885 | 129,666 | 146,235 | 118,596 | 6,922 | 12,081 | 17,100 | |
170/4 |
- | 53,736 | 62,186 | 70,499 | 78,675 | 95,889 | 112,885 | 129,666 | 146,235 | 118,596 | 6,922 | 12,081 | 17,100 | |
42/48 |
64,189 | 103,258 | 100,819 | 38,146 | 59,780 | 52,392 | 36,458 | 36,452 | 27,321 | 27,640 | 25,020 | 33,473 | 46,856 | |
42 |
- | 8,450 | 8,312 | 8,177 | 17,214 | 17,781 | 17,565 | 17,353 | 18,146 | 13,326 | 5,759 | 5,603 | 6,036 | |
44 |
1,349 | 1,433 | 2,965 | 812 | 2,554 | 168 | 7,417 | 1,131 | 1,911 | 15 | 136 | 17,381 | 6,787 | |
440/4 |
1,349 | 1,433 | 2,965 | 812 | 2,554 | 168 | 7,417 | 1,131 | 1,911 | 15 | 136 | 17,381 | 6,787 | |
45 |
21,974 | 10,515 | 14,644 | 11,575 | 10,243 | 10,820 | 3,474 | 14,020 | 6,624 | 14,299 | 19,125 | 9,714 | 14,033 | |
450/3 |
17,393 | 8,249 | 8,044 | 5,044 | 5,944 | 6,585 | 1,349 | 11,927 | 4,514 | 12,190 | 19,125 | 7,467 | 14,033 | |
454/9 |
4,581 | 2,265 | 6,600 | 6,531 | 4,298 | 4,236 | 2,125 | 2,093 | 2,110 | 2,109 | - | 2,247 | - | |
47/48 |
40,867 | 82,860 | 74,897 | 17,582 | 29,770 | 23,623 | 8,001 | 3,948 | 640 | - | - | 775 | 20,000 | |
492/3 |
1,200 | 1,325 | 1,280 | 12,584 | 13,313 | 14,031 | 14,331 | 15,455 | 17,226 | - | - | - | - | |
| Income statement | ||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | 115,270 | 97,666 | |
76A |
75,201 | - | - | - | - | - | - | - | - | - | 4,714 | - | - | |
9900 |
130,463 | 56,795 | 53,073 | 34,176 | 34,973 | 38,869 | 35,111 | 54,272 | 48,430 | 71,857 | 53,328 | 49,629 | 45,212 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | 65,641 | 52,454 | |
630 |
910 | 5,770 | 6,965 | 19,786 | 18,952 | 18,534 | 18,564 | 26,066 | 20,165 | 32,138 | 6,684 | 6,923 | 7,399 | |
640/8 |
1,292 | 1,601 | 1,623 | 1,423 | 1,401 | 1,318 | 530 | 459 | 1,144 | 981 | 680 | 552 | 1,181 | |
9901 |
128,261 | 49,424 | 44,484 | 12,967 | 14,620 | 19,017 | 16,018 | 27,747 | 27,121 | 38,739 | 45,964 | 42,154 | 36,632 | |
75/76B |
1,227 | 2,093 | 2,000 | - | 0 | 0 | 21 | 15,003 | 200 | 305 | 170 | 298 | 103 | |
75 |
1,227 | 2,093 | 2,000 | - | 0 | 0 | 21 | 15,003 | 200 | 305 | 170 | 298 | 103 | |
65/66B |
3,631 | 4,076 | 3,098 | 1,663 | 1,863 | 2,033 | 2,177 | 2,399 | 5,924 | 882 | 1,365 | 1,408 | 76 | |
65 |
3,631 | 4,076 | 3,098 | 1,663 | 1,863 | 2,033 | 2,177 | 2,399 | 5,924 | 882 | 1,365 | 1,408 | 76 | |
9903 |
125,856 | 47,441 | 43,387 | 11,304 | 12,758 | 16,984 | 13,861 | 40,351 | 21,397 | 38,162 | 49,483 | 41,044 | 36,659 | |
67/77 |
36,080 | 13,237 | 12,021 | 3,380 | 3,504 | 4,728 | 3,989 | 10,938 | 7,411 | 15,618 | 20,612 | 10,816 | 11,746 | |
9904 |
89,777 | 34,204 | 31,365 | 7,924 | 9,254 | 12,257 | 9,872 | 29,413 | 13,986 | 22,543 | 28,871 | 30,228 | 24,913 | |
9905 |
89,777 | 34,204 | 31,365 | 7,924 | 9,254 | 12,257 | 9,872 | 29,413 | 13,986 | 22,543 | 28,871 | 30,228 | 24,913 | |
| Appropriation of the result | ||||||||||||||
9906 |
89,777 | 34,204 | 31,365 | 7,924 | 9,254 | 12,257 | 9,872 | 29,413 | 13,986 | 22,543 | 82,152 | 53,281 | 24,913 | |
791/2 |
12,323 | 60,023 | 66,316 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
89,777 | 34,204 | 29,699 | 6,324 | 7,654 | 10,657 | 8,248 | 28,613 | 13,346 | 22,543 | 82,152 | - | 1,860 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
89,777 | 34,204 | 29,699 | 6,324 | 7,654 | 10,657 | 8,248 | 28,613 | 13,346 | 22,543 | 82,152 | - | - | |
694/7 |
12,323 | 60,023 | 67,982 | 1,600 | 1,600 | 1,600 | 1,624 | 800 | 640 | - | - | - | - | |
694 |
12,323 | 60,023 | 67,982 | 1,600 | 1,600 | 1,600 | 1,624 | 800 | 640 | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 8 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 2025 (PDF), filed on 01-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-04-2026 | 2026-00069667 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00191691 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00129393 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00171074 | |
| 31-12-2021 | micro format | 27-07-2022 | 2022-20243651 | |
| 31-12-2020 | micro format | 09-06-2021 | 2021-18600331 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31300504 | |
| 31-12-2018 | micro format | 13-06-2019 | 2019-18300470 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-30300510 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-24500149 | |
| 31-12-2015 | abbreviated format | 28-06-2016 | 2016-23800357 | |
| 31-12-2014 | abbreviated format | 04-08-2015 | 2015-39800467 | |
| 31-12-2013 | abbreviated format | 29-07-2014 | 2014-36400453 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 129,171 | 55,193 | 51,449 | 32,753 | 33,572 | 37,551 | 34,582 | 53,813 | 47,286 | 70,877 | 52,648 | 49,077 | 44,031 | ||
| 90,687 | 39,973 | 38,330 | 27,710 | 28,206 | 30,790 | 28,436 | 55,478 | 34,151 | 54,681 | 35,555 | 37,151 | 32,312 | ||
| 1,437 | 0 | 1,340 | -15,000 | 4,813 | 1,335 | 4,361 | 62,579 | 97,838 | 159,216 | 0 | 6,237 | 57,947 | ||
| 199,091 | 14,248 | -65,933 | 8,397 | 7,666 | 27,779 | 7,483 | -1,629 | -23,392 | -2,220 | 30,243 | 14,645 | - | ||
| 214,826 | 14,510 | 42,965 | 93,573 | 61,367 | 57,507 | 46,947 | 42,401 | 53,641 | 73,104 | 65,964 | 35,569 | 9,674 | ||
| - | - | - | - | - | - | - | - | - | - | - | 36.6% | 37.5% | ||
| 76.7% | 46.5% | 49.9% | 62.3% | 56.1% | 53.4% | 51.7% | 47.9% | 42.1% | 46.1% | 76.3% | 61.8% | 40.5% | ||
| 4.35 | 1.14 | 1.43 | 3.45 | 2.03 | 2.10 | 2.29 | 2.16 | 2.96 | 3.64 | 3.64 | 2.06 | 1.21 | ||
| 4.35 | 1.14 | 1.43 | 3.39 | 2.03 | 2.10 | 2.29 | 2.16 | 2.96 | 3.64 | 3.64 | 2.06 | 1.21 | ||
| 0.30 | 1.15 | 1.01 | 0.61 | 0.78 | 0.87 | 0.93 | 1.09 | 1.38 | 1.17 | 0.31 | 0.62 | 1.47 | ||
| 41.8% | 24.9% | 19.2% | 4.0% | 4.8% | 6.6% | 5.6% | 17.6% | 10.1% | 18.0% | 28.1% | 41.0% | 57.3% | ||
| 32.0% | 11.6% | 9.6% | 2.5% | 2.7% | 3.5% | 2.9% | 8.4% | 4.2% | 8.3% | 21.5% | 25.3% | 23.2% | ||
| 35.57 | 13.54 | 16.61 | 19.70 | 18.02 | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | 26 days | 39 days | ||
| - | - | - | - | - | - | - | - | - | - | - | 97 days | 47 days |
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.
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €25,000 | €25,000 | €25,000 | €25,000 |
| - | €100,000 | €100,000 | €100,000 | €100,000 | |
| Carrying value of the mortgaged assets | - | €177,249 | €181,682 | €186,115 | €190,740 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,437 | - | €1,340 | - | €4,813 |
| €910 | €5,770 | €6,965 | €19,786 | €18,952 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on SMARTKODER
The operating result for 2025 is 160% higher than in 2024 and the highest since 2013. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 53.5% to 23.3%. Equity is higher and debt is lower.