SmartSec
Annual accounts 2025
abbreviated format, filed on 16-06-2026, 45 days before the deadlineMoney flows
turnover is 22.0% of income in 2025Balance sheet
balance sheet total €149.1m on 31-12-2025in €m
Position in the sector
85.0%
Higher than 81% of 10,855 companies in 2025.
0.02
Lower than 95% of 10,477 companies in 2025.
4.0%
Higher than 45% of 10,724 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
149.1m | 159.0m | 151.4m | |
21/28 |
148.6m | 148.6m | 148.6m | |
28 |
148.6m | 148.6m | 148.6m | |
29/58 |
484,372 | 10.4m | 2.8m | |
40/41 |
475,730 | 385,982 | 201,222 | |
40 |
300,031 | 252,970 | 201,222 | |
41 |
175,698 | 133,012 | - | |
50/53 |
8,642 | 9.9m | - | |
54/58 |
- | 96,376 | 2.6m | |
490/1 |
- | 6,599 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
149.1m | 159.0m | 151.4m | |
10/15 |
126.7m | 120.8m | 95.8m | |
10/11 |
95.4m | 95.4m | 95.2m | |
13 |
8,642 | - | - | |
130/1 |
8,642 | - | - | |
1312 |
8,642 | - | - | |
14 |
31.4m | 25.4m | 544,532 | |
17/49 |
22.4m | 38.2m | 55.6m | |
17 |
0 | 17.2m | 16.1m | |
178/9 |
0 | 17.2m | 16.1m | |
42/48 |
22.4m | 21.0m | 39.6m | |
42 |
- | - | 0 | |
43 |
21.7m | 20.5m | 23.1m | |
430/8 |
21.7m | 20.5m | 23.1m | |
44 |
256,651 | 221,377 | 357,605 | |
440/4 |
256,651 | 221,377 | 357,605 | |
45 |
436,249 | 280,230 | 7,000 | |
450/3 |
16,348 | 13,945 | 7,000 | |
454/9 |
419,900 | 266,285 | - | |
47/48 |
- | - | 16.1m | |
| Income statement | ||||
70 |
2.3m | 2.1m | 1.8m | |
9900 |
77,019 | 79,085 | -778,442 | |
60/61 |
2.2m | 2.0m | 2.6m | |
640/8 |
220 | 220 | 732 | |
9901 |
76,799 | 78,865 | -779,174 | |
75/76B |
8.1m | 28.1m | 5.4m | |
75 |
8.1m | 28.1m | 32,307 | |
76B |
- | - | 5.3m | |
65/66B |
2.2m | 3.3m | 4.1m | |
65 |
2.2m | 3.3m | 4.1m | |
9903 |
6.0m | 24.8m | 544,532 | |
9904 |
6.0m | 24.8m | 544,532 | |
9905 |
6.0m | 24.8m | 544,532 | |
| Appropriation of the result | ||||
9906 |
31.4m | 25.4m | 544,532 | |
14P |
25.4m | 544,532 | - | |
691/2 |
8,642 | - | - | |
6921 |
8,642 | - | - | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| - | 10,000 | 148.6m | ||
| - | -2.5m | - | ||
| -21.9m | -10.7m | -36.8m | ||
| 3.4% | 3.8% | -42.2% | ||
| 85.0% | 76.0% | 63.2% | ||
| 0.02 | 0.49 | 0.07 | ||
| 0.18 | 0.32 | 0.58 | ||
| 4.7% | 20.6% | 0.6% | ||
| 4.0% | 15.6% | 0.4% | ||
| 48 days | 44 days | 40 days | ||
| 42 days | 40 days | 50 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 |
|---|---|---|---|
| Debts secured on the company's own assets | €17.9m | - | - |
| €25.0m | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Financial fixed assets | - | €10,000 | €148.6m |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on SmartSec
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total falls from 24.0% to 15.0%. Equity is higher and debt is lower.
- 2025 Net result -76% on 2024. The accounts now follow the abbreviated format, last year the full format.