Equity
€89,958 ▲ 0.2%
SMARTSYSTEMS has made a profit without a break since 2012.
SMARTSYSTEMS
Lifetime
18 annual accounts with figures on one time axis, 21 filings since 2004peak €50,386 (2009)
€7,739▼ 56.4%
lowest -€184 (2011)
€203▼ 97.2%
peak €89,958 (2025)
€89,958▲ 0.2%
€30,294▼ 30.1%
peak 1 FTE (2007)
-not published
Documentsfilings and deeds
31-10-2025on the last day
2025abbreviated format
Gross margin from €17,757 to €7,739Result from €7,203 to €203Debts from €43,320 to €30,294
Key points
from the 2025 annual accountsFilings
21 annual accounts 10 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
74.8%
Higher solvency than 85% of companies in retail trade. Sector median 36.6% · 12,853 companies.
Checked score
96
Excellent
Financially stronger than 66% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: 0.1%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 31-10-2025)
lowers risk
Liquidity: current ratio 3.97, cash €102,240
Equity €89,958 (74.8% of total assets)
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 84% of them on solvency, 91% on liquidity, 49% on profitability and 40% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as SMARTSYSTEMS has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SMARTSYSTEMS itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SMARTSYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.97 (2.94 in 2024), above the usual 1.5. Short-term debt is 25.2% and cash 85% of total assets. 25.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
27 days late
2023
28 days late
2022
30 days late
2021
30 days late
2020
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 29 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0477275434
First establishment
Paul Housmansstraat 4, Antwerp
Incorporation
published on 07-05-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SMARTSYSTEMS Antwerp | €120,252 | €7,739 | 74.8% | - |
| COPAM Kortrijk | €133,025 | €9,276 | 26.2% | - |
| DIRK NOLLET Herk-de-Stad | €93,757 | €8,339 | 29.2% | - |
| H.S.C. Brasschaat | €143,339 | €11,401 | -14.8% | - |
| WINNER SOFTWARE Brussels | €138,104 | €6,309 | 23.9% | - |
| RS - Data Tienen | €158,927 | €7,704 | 79.3% | - |
| COMPUSOFT FLANDERS BV Zulte | €146,145 | €4,864 | 83.5% | - |
These companies have the same main activity as SMARTSYSTEMS: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €93,800 and €159,000, founded between 1997 and 2001.
Official details
Source: KBO- Status
- Active since 24-04-2002Normal situation
- Activity
- Retail sale of information and communication equipmentNACE 47400and 3 others
- Establishment unit
- 2.114.339.4842050 Antwerp, since 30-08-2002
- Financial year end
- 31 March
- Peppol
- Reachable since 12-11-2025
Insights on SMARTSYSTEMS
SMARTSYSTEMS files the abbreviated format. That format states no turnover. The gross margin fell from €21,533 in 2007 to €7,739 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SMARTSYSTEMS
- What is the company number of SMARTSYSTEMS?
- The company number of SMARTSYSTEMS is 0477.275.434. The VAT number is the same number with BE in front: BE 0477.275.434.
- Where is SMARTSYSTEMS based?
- The registered office is at Paul Housmansstraat 4/42, 2050 Antwerp.Company details
- What does SMARTSYSTEMS do?
- According to the KBO register, the main activity is retail sale of information and communication equipment (NACE 47400).
- What is the legal form of SMARTSYSTEMS?
- SMARTSYSTEMS is a private limited company (pre-2019) (BVBA).
- When was SMARTSYSTEMS founded?
- SMARTSYSTEMS was founded on 24-04-2002.
- Is SMARTSYSTEMS still active?
- Yes, SMARTSYSTEMS is an active enterprise in the KBO register.
- What is the turnover of SMARTSYSTEMS?
- The turnover in financial year 2025 is ≈ €55,000. This figure is estimated from the gross margin of €7,739 and 51 comparable companies (NACE 47400). It probably lies between €31,000 and €95,000. It is a rough estimate.Financials
- Is SMARTSYSTEMS profitable?
- In financial year 2025, SMARTSYSTEMS made a profit of €203.
- Where can I find the annual accounts of SMARTSYSTEMS?
- SMARTSYSTEMS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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