Smartt Concept
ActiveSummary
Smartt Concept has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,780 and a net result of €4,121. Equity is growing by ~81.2% per year across the filed fiscal years. Its solvency ranks better than 36% of 7098 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-17
Solvency61▼-39
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 4.85 in 2024; short-term debt: 63.3% and cash: 6.7% of total assets), but 63.6% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
36.4%
Return on assets
1.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
57 d late
2023
36 d early
2022
38 d early
2021
40 d early
2020
33 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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. Usually files around 26 June (4 of the last 5 filed years within 66 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€81,780▼ 57.0%
2024 · €190,271
Total assets
€224,820▼ 5.0%
2024 · €236,635
Net result
€4,121▼ 88.5%
2024 · €35,756
Working capital
€73,447▼ 58.9%
2024 · €178,535
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Operating result€54,239▲ 5,240%€47,233▼ 12.9%€112,631▲ 138%€48,689▼ 56.8%€5,223▼ 89.3%
Net result€39,206within the sector's middle half▲ 7,919%€33,040within the sector's middle half▼ 15.7%€80,780above the sector's middle half▲ 144%€35,756within the sector's middle half▼ 55.7%€4,121within the sector's middle half▼ 88.5%
Equity€40,695within the sector's middle half▲ 2,633%€73,735within the sector's middle half▲ 81.2%€154,515within the sector's middle half▲ 110%€190,271above the sector's middle half▲ 23.1%€81,780within the sector's middle half▼ 57.0%
Total assets€58,198below the sector's middle half▲ 685%€80,907within the sector's middle half▲ 39.0%€188,642within the sector's middle half▲ 133%€236,635within the sector's middle half▲ 25.4%€224,820within the sector's middle half▼ 5.0%
Debt€17,504▲ 195%€7,172▼ 59.0%€34,127▲ 376%€46,364▲ 35.9%€143,041▲ 209%
Working capital€30,855within the sector's middle half▲ 23,113%€65,051within the sector's middle half▲ 111%€137,377above the sector's middle half▲ 111%€178,535above the sector's middle half▲ 30.0%€73,447within the sector's middle half▼ 58.9%
Solvency69.9%within the sector's middle half▲ 49.9pp91.1%above the sector's middle half▲ 21.2pp81.9%above the sector's middle half▼ 9.2pp80.4%above the sector's middle half▼ 1.5pp36.4%within the sector's middle half▼ 44.0pp
Current ratio2.80within the sector's middle half▲ 1.7810.51above the sector's middle half▲ 7.715.03above the sector's middle half▼ 5.494.85above the sector's middle half▼ 0.171.52within the sector's middle half▼ 3.33
Return on assets (ROA)67.4%above the sector's middle half▲ 60.8pp40.8%above the sector's middle half▼ 26.5pp42.8%above the sector's middle half▲ 2.0pp15.1%within the sector's middle half▼ 27.7pp1.8%within the sector's middle half▼ 13.3pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 89% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224,820
Fixed assets
€9,032 ▼ 23.0%
Current assets
€215,789 ▼ 4.1%
Equity and liabilities €224,820
Equity
€81,780 ▼ 57.0%
Debt
€143,041 ▲ 209%
Debt's share of the balance-sheet total rises from 19.6% to 63.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10,780▼
2024 · €54,091
Cash flow
€9,678▼
2024 · €41,158
Debt to equity
1.75▲
2024 · 0.24
ROE
5.0%▼
2024 · 18.8%
Interest coverage
20.53▼
2024 · 110.32
Debt ≤ 1 year
€142,342▲
2024 · €46,364
Income taxes
€3,169▼
2024 · €15,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,048 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,063 | €2,885 | €3,706 | €5,402 | €5,557 | ▲ 2.9% |
| Other operating charges640/8 | €874 | €1,094 | €2,318 | €1,473 | €1,092 | ▼ 25.9% |
| Gross operating margin9900 | €57,176 | €51,211 | €118,655 | €55,564 | €11,872 | ▼ 78.6% |
| Operating profit (loss)9901 | €54,239 | €47,233 | €112,631 | €48,689 | €5,223 | ▼ 89.3% |
| Financial income75/76B | - | €145 | €2,210 | €2,912 | €2,592 | ▼ 11.0% |
| Recurring financial income75 | - | €145 | €2,210 | €2,912 | €2,592 | ▼ 11.0% |
| Financial charges65/66B | €330 | €683 | €768 | €490 | €525 | ▲ 7.1% |
| Recurring financial charges65 | €330 | €683 | €768 | €490 | €525 | ▲ 7.1% |
| Profit (loss) for the period before taxes9903 | €53,910 | €46,695 | €114,074 | €51,111 | €7,290 | ▼ 85.7% |
| Income taxes67/77 | €14,704 | €13,655 | €33,294 | €15,354 | €3,169 | ▼ 79.4% |
| Profit (loss) for the period9904 | €39,206 | €33,040 | €80,780 | €35,756 | €4,121 | ▼ 88.5% |
| Profit (loss) for the period to be appropriated9905 | €39,206 | €33,040 | €80,780 | €35,756 | €4,121 | ▼ 88.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,198 | €80,907 | €188,642 | €236,635 | €224,820 | ▼ 5.0% |
| Fixed assets21/28 | €10,180 | €9,017 | €17,138 | €11,736 | €9,032 | ▼ 23.0% |
| Tangible fixed assets22/27 | €10,020 | €8,857 | €16,978 | €11,576 | €8,872 | ▼ 23.4% |
| Plant, machinery and equipment23 | €9,289 | €6,905 | €4,584 | €2,619 | €654 | ▼ 75.0% |
| Furniture and vehicles24 | €731 | €1,952 | €12,395 | €8,958 | €8,217 | ▼ 8.3% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €48,019 | €71,891 | €171,503 | €224,899 | €215,789 | ▼ 4.1% |
| Amounts receivable after more than one year29 | - | - | €100,000 | €100,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €100,000 | €100,000 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €24,732 | €24,579 | €49,466 | €53,392 | €186,255 | ▲ 249% |
| Trade receivables40 | €18,794 | €19,710 | €31,490 | €46,124 | €72,699 | ▲ 57.6% |
| Other amounts receivable41 | €5,938 | €4,869 | €17,976 | €7,268 | €113,556 | ▲ 1,462% |
| Cash at bank and in hand54/58 | €14,819 | €40,582 | €9,550 | €62,550 | €15,156 | ▼ 75.8% |
| Deferred charges and accrued income490/1 | €8,467 | €6,729 | €12,488 | €8,956 | €14,378 | ▲ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,198 | €80,907 | €188,642 | €236,635 | €224,820 | ▼ 5.0% |
| Equity10/15 | €40,695 | €73,735 | €154,515 | €190,271 | €81,780 | ▼ 57.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €39,695 | €72,735 | €153,515 | €189,271 | €80,780 | ▼ 57.3% |
| Distributable reserves133 | €39,695 | €72,735 | €153,515 | €189,271 | €80,780 | ▼ 57.3% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €17,504 | €7,172 | €34,127 | €46,364 | €143,041 | ▲ 209% |
| Amounts payable within one year42/48 | €17,164 | €6,839 | €34,127 | €46,364 | €142,342 | ▲ 207% |
| Trade debts44 | €1,898 | €495 | €833 | €31,010 | €23,090 | ▼ 25.5% |
| Suppliers440/4 | €1,898 | €495 | €833 | €31,010 | €23,090 | ▼ 25.5% |
| Taxes, remuneration and social security45 | €14,704 | €6,344 | €33,294 | €15,354 | €6,640 | ▼ 56.8% |
| Taxes450/3 | €14,704 | €6,344 | €33,294 | €15,354 | €6,640 | ▼ 56.8% |
| Other amounts payable47/48 | €562 | €0 | - | - | €112,612 | - |
| Accrued charges and deferred income492/3 | €340 | €333 | €0 | - | €699 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,206 | €33,040 | €80,780 | €35,756 | €4,121 | ▼ 88.5% |
| + Depreciation and write-downs630 | €2,063 | €2,885 | €3,706 | €5,402 | €5,557 | ▲ 2.9% |
| Operating cash flow (approximation) | €41,269 | €35,925 | €84,485 | €41,158 | €9,678 | ▼ 76.5% |
| Investment in fixed assets (approximation) | - | -€1,721 | -€11,827 | €0 | -€2,852 | - |
| Change in cash | - | €25,763 | -€31,032 | €53,001 | -€47,394 | ▼ 189% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €80,780 ▲144%
Operating result €112,631, net result €80,780, both a record.
31-12
Financial
Equity above €150,000Eq €154,515 ▲110%
4 profitable years in a row build equity to €154,515.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 10.51
Current ratio from 2.80 to 10.51; short-term debt falls from €17,164 to €6,839.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 2.80
Current ratio from 1.02 to 2.80.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vilvoorde · 1 establishment unit since 2019
Ground area
186 m²
Building footprint
68 m²
Volume, LiDAR
522 m³
Parcel 23066A0006/00D002, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Smartt Concept
since 20192.290.562.354
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23066A0006/00D002 | Flanders | 186 m² | 1 · 68 m² | 11.2 m · 3 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.
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Of 808 companies in sector 73120 we hold annual accounts for 281. 214 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
Founded11-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
73120Media representation
43211General electrical installation work
74140Other specialised design activities
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727934025
Also
9925:BE0727934025
Registered
23-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.