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SmartSec

Active
Private limited companyfounded 20223 yrs activeRue Rennequin-Sualem 34, 4000 Liège, BelgiumKBO/BCE: BE 0792.305.601
Summary

SmartSec has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120.76M and a net result of €24.85M. Its solvency ranks better than 74% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024
79 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes
Profitability77
Solvency100
Growth-
Track record79
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity short (current ratio 0.49; short-term debt: 13.2% and cash: 0.1% of total assets), and 24% of the assets are financed with debt.
How do we compute the score and the probability?
Credit advice for your own amount and term

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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
76%
Return on assets
15.6%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
37 d early
2023
34 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
€2.10M
EBIT margin
3.8%
Net result
€24.85M
Working capital
€-10.65M
Balance-sheet composition
Assets €158.98M
Fixed assets €148.60M
Current assets €10.39M
Equity and liabilities €158.98M
Equity €120.76M
Debt €38.23M
Debt finances 24.0% of the balance-sheet total.
Key figures and ratios
2024 value
Current ratio
0.49
Debt to equity
0.32
ROE
20.6%
ROA
15.6%
Debt ≤ 1 year
€21.04M
Debt > 1 year
€17.19M
Filed annual accounts As filed with the NBB · 2024 · 39 lines
Balance sheet Code2024
Assets
Total assets20/58€158.98M
Fixed assets21/28€148.60M
Financial fixed assets28€148.60M
Current assets29/58€10.39M
Amounts receivable within one year40/41€386k
Trade receivables40€253k
Other amounts receivable41€133k
Current investments50/53€9.90M
Cash at bank and in hand54/58€96k
Deferred charges and accrued income490/1€7k
Equity and liabilities
Total equity and liabilities10/49€158.98M
Equity10/15€120.76M
Contributions10/11€95.36M
Profit (loss) carried forward14€25.39M
Amounts payable17/49€38.23M
Amounts payable after more than one year17€17.19M
Other amounts payable178/9€17.19M
Amounts payable within one year42/48€21.04M
Financial debts43€20.54M
Credit institutions430/8€20.54M
Trade debts44€221k
Suppliers440/4€221k
Taxes, remuneration and social security45€280k
Taxes450/3€14k
Remuneration and social security454/9€266k
Income statement Code2024
Turnover70€2.10M
Goods, raw materials, services and sundry goods60/61€2.02M
Other operating charges640/8€220
Gross operating margin9900€79k
Operating profit (loss)9901€79k
Financial income75/76B€28.07M
Recurring financial income75€28.07M
Financial charges65/66B€3.30M
Recurring financial charges65€3.30M
Profit (loss) for the period before taxes9903€24.85M
Profit (loss) for the period9904€24.85M
Profit (loss) for the period to be appropriated9905€24.85M
Appropriation of the result
Profit (loss) to be appropriated9906€25.39M
Profit (loss) brought forward from the previous period14P€545k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2025
07-11
State Gazette act Resignation: Leon Cappaert (director)
Appointment: Federale de Participations et d'Investissement (director) · Permanent representative: Leon Cappaert · Mandate compensation6 facts ▸
  • General meeting, 28/08/2025
  • Director resignation, Leon Cappaert (director)
  • Director appointment, Federale de Participations et d'Investissement (director)
  • Permanent representative, Leon Cappaert
  • Mandate compensation, Federale de Participations et d'Investissement
  • Power of attorney, CRESCO ADVOCATEN BV
24-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
27-11
State Gazette act Appointment: ZEVEN EECKEN EN VIER ESCHEN (administrateur non statutaire)
Permanent representative: LEROUX Philippe-Alexandre Charles L. · Share issue · Capital increase8 facts ▸
  • General meeting, 13/11/2024
  • Share issue, Actions Sans Droit de Vote, 1.000.000
  • Capital increase, €147.091
  • Capital
  • Statutes amendment
  • Director appointment, ZEVEN EECKEN EN VIER ESCHEN (administrateur non statutaire)
  • Permanent representative, LEROUX Philippe-Alexandre Charles L.
  • Mandate compensation, ZEVEN EECKEN EN VIER ESCHEN
27-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
19-12
State Gazette act Appointments: Nicolas Dhaene (observateur) and Ilfak Guilfanov (président de l'organe d'administration)
4 facts ▸
  • General meeting, 14/10/2022
  • Board meeting, 14/10/2022
  • Director appointment, Nicolas Dhaene (observateur)
  • Director appointment, Ilfak Guilfanov (président de l'organe d'administration)
24-10
State Gazette act Permanent representative: PITON Valérie
Capital increase · Share issue · Statutes amendment5 facts ▸
  • General meeting, 14/10/2022
  • Capital increase, €41.333.333
  • Share issue, actions sans désignation de valeur nominale, 41.333.333
  • Statutes amendment
  • Permanent representative, PITON Valérie
21-10
State Gazette act Capital & shares · Statutes amendment
Capital increase · Share issue · Statutes amendment5 facts ▸
  • General meeting, 12/10/2022
  • Capital increase, €53.882.660
  • Share issue, actions de même nature et jouissant des mêmes droits et avantages que les actions existantes, 53.882.660
  • Statutes amendment, Article 5
  • Power of attorney, Allen & Overy (Belgium) LLP
13-10
State Gazette act Incorporation
Appointments: LUYTEN Bart, DIEDEREN Arnaud Antoine Marie and 4 others · Permanent representative: PITON Valérie · Founder21 facts ▸
  • Incorporation, 11-10-2022
  • Founder, SMARTFIN CAPITAL II
  • Founder, SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
  • Founder, RELAUNCH FOR THE FUTURE
  • Founder, SOCIÉTÉ RÉGIONALE D'INVESTISSEMENT DE WALLONIE
  • Founder, AMERIGO
  • Founder, GUILFANOV Ilfak Ismaguilovitch
  • Founding capital, €6
  • Director appointment, LUYTEN Bart (non-statutory director)
  • Director appointment, DIEDEREN Arnaud Antoine Marie (non-statutory director)
  • Director appointment, HAECK Harry Dionisius Juliaan (non-statutory director)
  • Director appointment, CAPPAERT Leon Jeffy Maria (non-statutory director)
  • +9 further facts in this act
State Gazette actNBB filing
6 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 6 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 directors, last change in 2025
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
Director · since 28-08-2025 · Public limited company · perm. rep.: Leon Cappaert
Current
ZEVEN EECKEN EN VIER ESCHEN
Administrateur non statutaire · since 13-11-2024 · Private limited company · perm. rep.: LEROUX Philippe-Alexandre Charles L.
Current
Nicolas DHAENE
Observateur · since 14-10-2022
Current
DIEDEREN Arnaud Antoine Marie
Non-statutory director · since 11-10-2022
Current
HAECK Harry Dionisius Juliaan
Non-statutory director · since 11-10-2022
Current
Ilfak GUILFANOV
Président de l'organe d'administration · since 11-10-2022
Current
1 other director
LUYTEN Bart
Non-statutory director · since 11-10-2022
Current
28-08-2025 SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT: Appointed as Director
28-08-2025 CAPPAERT Leon Jeffy Maria: Resigned as Director
13-11-2024 ZEVEN EECKEN EN VIER ESCHEN: Appointed as Administrateur non statutaire
14-10-2022 Nicolas DHAENE: Appointed as Observateur
14-10-2022 Ilfak GUILFANOV: Appointed as Président de l'organe d'administration
Full history in the Timeline (10 changes) →
Not every act has been read: a resignation may be missing here
1 of this company's 7 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
171 m²
Building footprint
92 m²
Volume, LiDAR
1,438 m³
Parcel 62805D0463/00D000, Wallonia · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SmartSec
Rue Rennequin-Sualem 34, 4000 LiègeActivities of head offices
since 20222.337.409.691
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62805D0463/00D000 Wallonia 171 m² 1 · 92 m² 17.0 m · 5 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.

Statutory auditor

1 auditor
PITON & Cie, Réviseur d'EntreprisesCurrent
Statutory auditor · represented by PITON Valérie
13-10-2022 → present

Articles of association

Purpose
La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou pour le compte de tiers, ou en participation avec ceux-ci : a) exclusivement en son propre nom et…
Full purpose

La société a pour objet, tant en Belgique qu’à l’étranger, pour compte propre ou pour le compte de tiers, ou en participation avec ceux-ci : a) exclusivement en son propre nom et pour son propre compte: la construction, le développement et la gestion du patrimoine immobilier... b) exclusivement en son propre nom et pour son propre compte: la construction, le développement et la gestion d’un patrimoine mobilier... c) exclusivement en son propre nom et pour son propre compte: faire des emprunts et consentir des prêts... d) en son propre nom et pour son propre compte, pour le compte de tiers ou par leur participation: la gestion d'investissements et de participations dans d'autres entités... (v) l'étude, la conception, le développement, l'acquisition, la vente, la location et la distribution de tous matériaux, produits et services se rapportant à l'informatique sous toutes ses formes; et (vi) l'exécution de formations et de consultance relatives aux questions mentionnées au point (v).

according to the deed of 27-11-2024

Structure & network

Connections & network

41 connected companies
LUYTEN Bart, Shared director, links 5 companies LBLUYTEN BartHEX - RAYS, via LUYTEN Bart HRHEX - RAYSLUPIO, via LUYTEN Bart LLUPIOMATERIALISE, via LUYTEN Bart MMATERIALISESmartfin Ops, via LUYTEN Bart SOSmartfin OpsBanqup Files, via LUYTEN Bart BFBanqup FilesNicolas DHAENE, Shared director, links 3 companies NDNicolas DHAENEColors Kitchen, via Nicolas DHAENE CKColors KitchenIMBC SPINNOVA, via Nicolas DHAENE ISIMBC SPINNOVASPARAXIS, via Nicolas DHAENE SSPARAXISHAECK Harry Dionisius Juliaan, Shared director HHHAECK HarryDionisius JuliaanPRIVATE CAPITAL BELGIUM, via HAECK Harry Dionisius Juliaan PCPRIVATE CAPITALBELGIUMIlfak GUILFANOV, Shared director IGIlfak GUILFANOV+31 companies via a shared corporate director +31via a sharedcorporate directorSmartSec SmartSec0792.305.601
Shared directorsBundled connections
Linked via shared directors
Colors Kitchen
via Nicolas DHAENE · Permanent representative
→
IMBC SPINNOVA
via Nicolas DHAENE · Permanent representative
→
LUPIO
via LUYTEN Bart · Permanent representative
→
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Capital and shareholders

Shareholders according to the acts
At incorporation act of 13-10-2022 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 27-11-2024 Capital increase of 147,091 EUR
  2. 24-10-2022 Capital increase of 41,333,333 EUR
  3. 21-10-2022 Capital increase of 53,882,660 EUR
  4. 13-10-2022 Incorporation · 6 EUR · 6 shares

Recognitions · licences · registrations

Legal Entity Identifier

699400D0KPAL9UTWQ757
live in the LEI register

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Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 294 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded11-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 6 actsNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

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