SMARTSYSTEMS

Active Private limited company (pre-2019)founded 2002active for 24 yearsPaul Housmansstraat 4/42, 2050 AntwerpKBO/BCE: BE 0477.275.434

SMARTSYSTEMS

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 31-10-2025, on the day of the deadline

€7,739

▼ 56.4%

€1,052

▼ 90.5%

€203

▼ 97.2%

€89,958

▲ 7.2%

74.8%

▲ 7.4 percentage points

3.97

▲ 1.03

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €55,000. Estimated: probably between €31,000 and €95,000.

Balance sheet

balance sheet total €120,252 on 31-03-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

74.8%

Higher than 86% of 12,853 companies in 2025.

3.97

Higher than 84% of 12,643 companies in 2025.

0.2%

Higher than 26% of 12,717 companies in 2025.

SMARTSYSTEMS Middle half of the sector 80% of the sector Abbreviated accounts in retail trade (NACE 47)

Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2012	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	120,252	133,074	129,024	123,009	122,418	100,337	85,624	91,223	84,192	85,098	75,200	67,293	69,030	67,287	53,275	118,265	137,525	109,717
`21/28`	0	5,863	11,793	17,724	20,441	-	-	4,088	8,175	12,263	16,350	3,828	11,805	15,955	5,851	11,743	19,073	28,227
`22/27`	0	5,863	11,793	17,724	20,441	-	-	4,088	8,175	12,263	16,350	3,828	11,805	15,955	5,801	11,693	19,023	28,177
`23`	0	752	1,573	2,394	-	-	-	-	-	-	-	-	322	645	496	1,081	3,107	6,929
`24`	0	5,110	10,220	15,331	20,441	-	-	4,088	8,175	12,263	16,350	3,828	11,483	15,310	5,306	10,611	15,917	21,248
`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	50	50	50
`29/58`	120,252	127,211	117,230	105,285	101,977	100,337	85,624	87,135	76,017	72,835	58,850	63,466	57,225	51,331	47,423	106,522	118,451	81,490
`3`	4,318	3,859	1,895	4,607	842	1,316	1,946	2,173	2,566	2,913	2,655	2,892	10,749	11,543	12,757	11,668	7,406	7,215
`30/36`	4,318	3,859	1,895	4,607	842	1,316	1,946	2,173	2,566	2,913	2,655	2,892	10,749	11,543	12,757	11,668	7,406	7,215
`40/41`	13,694	12,964	20,903	20,615	22,218	29,830	21,295	27,739	25,242	32,654	28,527	38,896	39,328	27,253	22,970	64,309	101,698	68,283
`40`	12,009	10,354	19,684	19,150	20,510	26,487	20,650	25,253	23,850	28,808	25,698	38,896	32,401	24,055	21,597	57,840	101,698	68,283
`41`	1,685	2,610	1,219	1,465	1,708	3,342	645	2,486	1,393	3,846	2,829	-	6,928	3,197	1,374	6,469	-	-
`54/58`	102,240	110,388	94,433	80,063	78,917	69,192	62,383	57,166	47,920	36,749	26,917	21,552	6,268	11,451	11,696	30,545	9,348	5,992
`490/1`	-	-	-	-	-	-	-	58	289	519	750	126	880	1,086	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	120,252	133,074	129,024	123,009	122,418	100,337	85,624	91,223	84,192	85,098	75,200	67,293	69,030	67,287	53,275	118,265	137,525	109,717
`10/15`	89,958	89,754	82,551	74,257	73,035	68,386	62,933	60,141	55,114	47,849	42,887	41,475	30,626	30,143	30,327	29,870	29,416	28,954
`10/11`	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200	12,200
`10`	12,200	12,200	12,200	12,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	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	18,600	18,600	18,600	18,600	18,600
`101`	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400	6,400
`13`	18,860	18,860	11,860	5,860	5,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	930	906	906	884	861	838
`130/1`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	930	906	906	884	861	838
`133`	17,000	17,000	10,000	4,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	58,898	58,694	58,491	56,197	54,975	54,326	48,873	46,081	41,054	33,789	28,827	27,415	17,495	17,037	17,221	16,787	16,355	15,916
`17/49`	30,294	43,320	46,473	48,752	49,383	31,952	22,692	31,082	29,078	37,249	32,314	25,818	38,405	37,143	22,947	88,395	108,109	80,763
`17`	-	-	3,228	8,916	14,604	-	-	-	1,188	5,940	10,692	-	5,124	8,968	-	-	5,484	10,317
`170/4`	-	-	3,228	8,916	14,604	-	-	-	1,188	5,940	10,692	-	5,124	8,968	-	-	5,484	10,317
`42/48`	30,294	43,320	43,245	39,836	34,779	31,952	22,692	31,082	27,890	31,309	21,622	25,818	33,280	28,176	22,947	88,395	101,298	69,387
`42`	-	2,974	5,596	5,688	-	-	-	1,188	4,752	4,752	4,752	1,281	3,843	3,843	431	5,484	4,833	4,621
`43`	-	-	-	-	5,688	-	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	-	-	-	-	5,688	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	18,197	25,438	22,336	20,156	16,040	18,675	5,391	10,942	11,437	16,677	11,280	17,700	18,361	11,415	10,374	71,849	88,704	57,172
`440/4`	18,197	25,438	22,336	20,156	16,040	18,675	5,391	10,942	11,437	16,677	11,280	17,700	18,361	11,415	10,374	71,849	88,704	57,172
`45`	800	3,580	3,710	1,150	1,370	1,765	1,520	3,172	920	2,100	810	2,056	11,076	12,918	12,142	11,061	7,755	6,293
`450/3`	800	3,580	3,710	1,150	1,370	1,765	1,520	3,172	920	2,100	810	2,056	2,198	4,147	3,428	2,581	864	2,092
`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	8,878	8,771	8,714	8,480	6,890	4,202
`47/48`	11,297	11,328	11,603	12,842	11,681	11,511	15,780	15,780	10,780	7,780	4,780	4,780	-	-	-	-	7	1,300
`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,326	1,059
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,048
`9900`	7,739	17,757	18,954	9,189	12,963	8,058	9,224	12,611	15,458	12,400	10,447	11,316	48,979	50,262	48,858	50,386	46,229	21,533
`62`	-	-	-	-	-	-	-	-	-	-	-	-	42,734	41,306	40,572	39,045	34,359	9,840
`630`	5,863	5,931	5,931	5,179	5,110	-	4,088	4,088	4,088	4,088	4,088	3,828	4,150	4,646	5,892	8,817	9,154	10,261
`631/4`	-	-	-	-	-	-	-	-	-	-	1,562	-	-	-	-	-	-	-
`640/8`	824	802	743	718	1,425	731	724	937	909	908	1,327	901	940	1,103	970	951	853	1,227
`66A`	-	-	-	-	-	-	-	-	-	-	852	-	-	2,606	-	-	-	-
`9901`	1,052	11,024	12,281	3,292	6,428	7,327	4,412	7,586	10,462	7,404	3,471	6,587	1,155	3,207	1,424	1,573	1,863	203
`75/76B`	-	-	-	-	-	-	-	-	46	6	14	20	327	11	57	39	24	44
`75`	-	-	-	-	-	-	-	-	46	6	14	20	327	11	57	39	24	44
`65/66B`	109	242	281	430	386	84	141	308	319	301	394	477	312	284	229	465	758	1,015
`65`	109	242	281	430	386	84	141	308	319	301	394	477	312	284	229	465	758	1,015
`9903`	943	10,782	12,000	2,862	6,042	7,243	4,272	7,278	10,188	7,108	2,238	6,130	1,171	328	1,252	1,147	1,129	2,280
`67/77`	740	3,579	3,706	1,641	1,392	1,790	1,480	2,252	2,923	2,146	827	1,816	688	512	795	692	667	609
`9904`	203	7,203	8,294	1,221	4,650	5,453	2,792	5,027	7,265	4,963	1,412	4,315	482	-184	457	454	462	1,671
`9905`	203	7,203	8,294	1,221	4,650	5,453	2,792	5,027	7,265	4,963	1,412	4,315	482	-184	457	454	462	1,671
Appropriation of the result
`9906`	58,898	65,694	64,491	56,197	58,975	54,326	48,873	46,081	41,054	33,789	28,827	28,018	17,519	17,037	17,244	16,809	16,378	16,000
`14P`	58,694	58,491	56,197	54,975	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	7,000	6,000	-	4,000	-	-	-	-	-	-	603	24	-	23	23	23	84
`6920`	-	-	-	-	-	-	-	-	-	-	-	603	24	-	23	23	23	84
`6921`	-	7,000	6,000	-	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	-	-	-	-	-	-	-	-	-	1	1	1	1	1	1
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	1,750	1,748	1,725	1,740	1,718	418
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 3 older financial years (2004-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 3 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 31-10-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-03-2025	abbreviated format	31-10-2025	2025-00556374	PDF
31-03-2024	abbreviated format	27-11-2024	2024-00605208	PDF
31-03-2023	abbreviated format	28-11-2023	2023-00517094	PDF
31-03-2022	abbreviated format	30-11-2022	2022-20529588	PDF
31-03-2021	abbreviated format	30-11-2021	2021-78900205	PDF
31-03-2020	abbreviated format	31-12-2020	2020-78000169	PDF
31-03-2019	abbreviated format	30-11-2019	2019-75100363	PDF
31-03-2018	abbreviated format	27-11-2018	2018-72900490	PDF
31-03-2017	abbreviated format	29-11-2017	2017-71000264	PDF
31-03-2016	abbreviated format	31-10-2016	2016-67200125	PDF
31-03-2015	abbreviated format	29-10-2015	2015-66000218	PDF
31-03-2014	abbreviated format	30-10-2014	2014-66400220	PDF
31-03-2012	abbreviated format	29-11-2012	2012-65400116	PDF
31-03-2011	abbreviated format	30-11-2011	2011-62400052	PDF
31-03-2010	abbreviated format	30-11-2010	2010-61800599	PDF
31-03-2009	abbreviated format	29-11-2009	2009-87100241	PDF
31-03-2008	abbreviated format	28-11-2008	2008-83100377	PDF
31-03-2007	abbreviated format	30-10-2007	2007-79000267	PDF
31-03-2006	abbreviated format	31-10-2006	2006-86204189	PDF
31-03-2005	abbreviated format	27-10-2005	2005-84004751	PDF
31-03-2004	abbreviated format	28-10-2004	2004-76004729	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2012	2011	2010	2009	2008	2007
6,915	16,955	18,212	8,471	11,538	-	8,500	11,674	14,549	11,491	7,559	10,415	5,305	7,853	7,315	10,390	11,016	10,465
6,066	13,134	14,225	6,400	9,760	-	6,879	9,114	11,353	9,050	5,499	8,142	4,632	4,462	6,349	9,272	9,616	11,932
0	0	0	2,462	25,551	-	0	0	0	0	20,438	-	0	20,105	0	1,487	0	35,306
-8,148	15,955	14,370	1,145	9,726	6,809	5,217	9,246	11,172	9,831	5,365	-	-5,183	-245	-18,849	21,197	3,355	-
89,958	83,892	73,985	65,449	67,199	68,386	62,933	56,053	48,127	41,526	37,228	37,647	23,945	23,156	24,476	18,127	17,153	12,103
74.8%	67.4%	64.0%	60.4%	59.7%	68.2%	73.5%	65.9%	65.5%	56.2%	57.0%	61.6%	44.4%	44.8%	56.9%	25.3%	21.4%	26.4%
3.97	2.94	2.71	2.64	2.93	3.14	3.77	2.80	2.73	2.33	2.72	2.46	1.72	1.82	2.07	1.21	1.17	1.17
3.83	2.85	2.67	2.53	2.91	3.10	3.69	2.73	2.63	2.23	2.60	2.35	1.40	1.41	1.51	1.07	1.10	1.07
0.34	0.48	0.56	0.66	0.68	0.47	0.36	0.52	0.53	0.78	0.75	0.62	1.25	1.23	0.76	2.96	3.68	2.79
0.2%	8.0%	10.0%	1.6%	6.4%	8.0%	4.4%	8.4%	13.2%	10.4%	3.3%	10.4%	1.6%	-0.6%	1.5%	1.5%	1.6%	5.8%
0.2%	5.4%	6.4%	1.0%	3.8%	5.4%	3.3%	5.5%	8.6%	5.8%	1.9%	6.4%	0.7%	-0.3%	0.9%	0.4%	0.3%	1.5%
63.42	70.08	64.85	19.68	-	-	-	-	-	-	-	-	-	-	-	-	-	-

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.

Investments

fixed assets acquired

Item	31-03-2025	31-03-2024	31-03-2023	31-03-2022
Tangible fixed assets	-	-	-	€2,462
	€5,863	€5,931	€5,931	€5,179

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SMARTSYSTEMS

The operating result for 2025 is 90% lower than in 2024 and the lowest since 2007. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 32.6% to 25.2%. Equity is higher and debt is lower.

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency74.8%

Current ratio3.97

Return on assets0.2%

Staff

Staff cost per FTE

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on SMARTSYSTEMS

Next steps

in euro

in euro

74.8%

3.97

0.2%