Smarts Analytics
ActiveSummary
Smarts Analytics has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,565 and a net result of €20,277. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-9
Solvency35▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.15 in 2024; short-term debt: 82.1% and cash: 4% of total assets), and 90.3% of the assets are financed with debt.
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Signals
Five 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 →
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
9.7%
Return on assets
6.3%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 2715 sector peers (2025).
NBB · sector comparisonPosition among 2715 sector peers
Solvency
better than 20%
← 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 07-07-2026, 24 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
24 d early
2024
15 d early
2023
28 d late
2022
31 d late
2021
28 d late
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€77,817
EBIT margin
13.6%
Net result
€20,277▼ 6.9%
2024 · €21,786
Working capital
€32,940▲ 58.4%
2024 · €20,801
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€19,804▲ 87.3%€10,565▼ 46.7%-€18,941€25,374€25,134▼ 0.9%
Net result€15,147within the sector's middle half▲ 102%€7,527within the sector's middle half▼ 50.3%-€19,087below the sector's middle half€21,786within the sector's middle half€20,277within the sector's middle half▼ 6.9%
EBIT margin
Equity€31,062within the sector's middle half▲ 95.2%€38,589within the sector's middle half▲ 24.2%€19,502below the sector's middle half▼ 49.5%€25,288below the sector's middle half▲ 29.7%€31,565within the sector's middle half▲ 24.8%
Total assets€55,588below the sector's middle half▲ 5.2%€59,022below the sector's middle half▲ 6.2%€40,282below the sector's middle half▼ 31.8%€161,212within the sector's middle half▲ 300%€324,170within the sector's middle half▲ 101%
Debt€24,526▼ 33.5%€20,433▼ 16.7%€20,780▲ 1.7%€135,924▲ 554%€292,605▲ 115%
Working capital€163€17,108▲ 10,371%€7,437▼ 56.5%€20,801▲ 180%€32,940▲ 58.4%
Solvency55.9%within the sector's middle half▲ 25.7pp65.4%within the sector's middle half▲ 9.5pp48.4%within the sector's middle half▼ 17.0pp15.7%below the sector's middle half▼ 32.7pp9.7%below the sector's middle half▼ 5.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €324,170
Fixed assets
€25,030 ▲ 458%
Current assets
€299,140 ▲ 90.9%
Equity and liabilities €324,170
Equity
€31,565 ▲ 24.8%
Debt
€292,605 ▲ 115%
Debt's share of the balance-sheet total rises from 84.3% to 90.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,717▼
2024 · €33,945
Cash flow
€24,860▼
2024 · €30,356
Current ratio
1.12▼
2024 · 1.15
Quick ratio
1.10▼
2024 · 1.15
Debt to equity
9.27▲
2024 · 5.38
ROE
64.2%▼
2024 · 86.2%
ROA
6.3%▼
2024 · 13.5%
Interest coverage
18.36▼
2024 · 91.97
Debt ≤ 1 year
€266,200▲
2024 · €135,924
Debt > 1 year
€22,000
Income taxes
€3,320▲
2024 · €3,266
Staff costs
€772▼
2024 · €16,169
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5,301 | €7,510 | €24,160 | €16,169 | €772 | ▼ 95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,088 | €9,417 | €9,417 | €8,570 | €4,583 | ▼ 46.5% |
| Other operating charges640/8 | €964 | €1,102 | €327 | €1,588 | €19,278 | ▲ 1,114% |
| Gross operating margin9900 | €34,158 | €28,594 | €14,963 | €51,701 | €49,766 | ▼ 3.7% |
| Operating profit (loss)9901 | €19,804 | €10,565 | -€18,941 | €25,374 | €25,134 | ▼ 0.9% |
| Financial income75/76B | - | €513 | - | €47 | €81 | ▲ 74.1% |
| Recurring financial income75 | - | €513 | - | €47 | €81 | ▲ 74.1% |
| Financial charges65/66B | €161 | €168 | €146 | €369 | €1,618 | ▲ 338% |
| Recurring financial charges65 | €161 | €168 | €146 | €369 | €1,618 | ▲ 338% |
| Profit (loss) for the period before taxes9903 | €19,643 | €10,909 | -€19,087 | €25,052 | €23,597 | ▼ 5.8% |
| Income taxes67/77 | €4,497 | €3,382 | - | €3,266 | €3,320 | ▲ 1.7% |
| Profit (loss) for the period9904 | €15,147 | €7,527 | -€19,087 | €21,786 | €20,277 | ▼ 6.9% |
| Profit (loss) for the period to be appropriated9905 | €15,147 | €7,527 | -€19,087 | €21,786 | €20,277 | ▼ 6.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,588 | €59,022 | €40,282 | €161,212 | €324,170 | ▲ 101% |
| Fixed assets21/28 | €30,899 | €21,482 | €12,065 | €4,487 | €25,030 | ▲ 458% |
| Tangible fixed assets22/27 | €30,899 | €21,482 | €12,065 | €4,487 | €25,030 | ▲ 458% |
| Plant, machinery and equipment23 | - | - | - | €3,168 | €2,404 | ▼ 24.1% |
| Furniture and vehicles24 | €30,899 | €21,482 | €12,065 | €1,319 | €22,626 | ▲ 1,615% |
| Current assets29/58 | €24,689 | €37,540 | €28,217 | €156,725 | €299,140 | ▲ 90.9% |
| Stocks and contracts in progress3 | - | - | - | - | €5,500 | - |
| Stocks30/36 | - | - | - | - | €5,500 | - |
| Amounts receivable within one year40/41 | €21,236 | €23,795 | €16,592 | €153,333 | €241,389 | ▲ 57.4% |
| Trade receivables40 | €21,236 | €7,487 | - | €129,852 | €192,826 | ▲ 48.5% |
| Other amounts receivable41 | - | €16,308 | €16,592 | €23,480 | €48,563 | ▲ 107% |
| Cash at bank and in hand54/58 | €3,454 | €13,745 | €11,625 | €3,039 | €12,887 | ▲ 324% |
| Deferred charges and accrued income490/1 | - | - | - | €353 | €39,365 | ▲ 11,043% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,588 | €59,022 | €40,282 | €161,212 | €324,170 | ▲ 101% |
| Equity10/15 | €31,062 | €38,589 | €19,502 | €25,288 | €31,565 | ▲ 24.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €24,862 | €32,389 | €13,302 | €19,088 | €25,365 | ▲ 32.9% |
| Amounts payable17/49 | €24,526 | €20,433 | €20,780 | €135,924 | €292,605 | ▲ 115% |
| Amounts payable after more than one year17 | - | - | - | - | €22,000 | - |
| Other amounts payable178/9 | - | - | - | - | €22,000 | - |
| Amounts payable within one year42/48 | €24,526 | €20,433 | €20,780 | €135,924 | €266,200 | ▲ 95.8% |
| Trade debts44 | €11,864 | €907 | €13,641 | €47,365 | €178,637 | ▲ 277% |
| Suppliers440/4 | €11,864 | €907 | €13,641 | €30,599 | €178,637 | ▲ 484% |
| Bills of exchange payable441 | - | - | - | €16,766 | - | - |
| Advances received on contracts in progress46 | - | - | - | €59,816 | €25,678 | ▼ 57.1% |
| Taxes, remuneration and social security45 | €10,926 | €19,526 | €7,139 | €12,743 | €61,884 | ▲ 386% |
| Taxes450/3 | €10,926 | €19,526 | €7,139 | €12,743 | €61,884 | ▲ 386% |
| Other amounts payable47/48 | €1,735 | - | - | €16,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,405 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,147 | €7,527 | -€19,087 | €21,786 | €20,277 | ▼ 6.9% |
| + Depreciation and write-downs630 | €8,088 | €9,417 | €9,417 | €8,570 | €4,583 | ▼ 46.5% |
| Operating cash flow (approximation) | €23,235 | €16,944 | -€9,670 | €30,356 | €24,860 | ▼ 18.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€993 | -€25,126 | ▼ 2,431% |
| Change in cash | - | €10,292 | -€2,120 | -€8,586 | €9,848 | ▲ 215% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €21,786
Net result €21,786 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€19,087
Net result drops to -€19,087, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2018
Ground area
146 m²
Building footprint
146 m²
Volume, LiDAR
1,641 m³
Parcel 11805E0438/00F005, Flanders · tallest building 14.6 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Smarts Analytics
since 20182.280.270.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11805E0438/00F005 | Flanders | 146 m² | 1 · 146 m² | 14.6 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 597 EUR awarded · 597 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 597 EUR |
| 2022 | 1 | 597 EUR | 0 EUR |
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,403 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
Founded20-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704831296
Also
9925:BE0704831296
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.