SmartTechnics
ActiveSummary
SmartTechnics has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €156k and a net result of €171k. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+25
Solvency46▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 2.17 in 2023; short-term debt: 60.1% and cash: 28% of total assets), and 78.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
72 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
115 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€156k▼ 42.8%
2023 · €273k
2018: €-2klowest in 7 years
2019: €76k▲ +3266% vs 2018
2020: €177k▲ +135% vs 2019
2021: €317k▲ +78.8% vs 2020highest in 7 years
2022: €252k▼ -20.7% vs 2021
2023: €273k▲ +8.6% vs 2022
2024: €156k▼ -42.8% vs 2023
2018 → 2024
Total assets
€727k▲ 14.9%
2023 · €633k
2018: €156klowest in 7 years
2019: €222k▲ +42.5% vs 2018
2020: €380k▲ +70.9% vs 2019
2021: €748k▲ +96.9% vs 2020highest in 7 years
2022: €692k▼ -7.4% vs 2021
2023: €633k▼ -8.5% vs 2022
2024: €727k▲ +14.9% vs 2023
2018 → 2024
Net result
€171k▲ 695%
2023 · €22k
2018: €-884lowest in 7 years
2019: €83k▲ +9530% vs 2018
2020: €142k▲ +70.0% vs 2019
2021: €140k▼ -1.4% vs 2020
2022: €73k▼ -48.0% vs 2021
2023: €22k▼ -70.4% vs 2022
2024: €171k▲ +695% vs 2023highest in 7 years
2018 → 2024
Working capital
€146k▼ 41.1%
2023 · €249k
2018: €-18klowest in 7 years
2019: €66k▲ +468% vs 2018
2020: €176k▲ +166% vs 2019
2021: €284k▲ +61.1% vs 2020highest in 7 years
2022: €226k▼ -20.6% vs 2021
2023: €249k▲ +10.2% vs 2022
2024: €146k▼ -41.1% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€177k-€317k▲ 78.8%€252k▼ 20.7%€273k▲ 8.6%€156k▼ 42.8%
2020: €177k
2021: €317k▲ +78.8% vs 2020highest in 5 years
2022: €252k▼ -20.7% vs 2021
2023: €273k▲ +8.6% vs 2022
2024: €156k▼ -42.8% vs 2023lowest in 5 years
Operating result€200k-€173k▼ 13.4%€105k▼ 39.7%€57k▼ 45.8%€235k▲ 314%
2020: €200k
2021: €173k▼ -13.4% vs 2020
2022: €105k▼ -39.7% vs 2021
2023: €57k▼ -45.8% vs 2022lowest in 5 years
2024: €235k▲ +314% vs 2023highest in 5 years
Net result€142k-€140k▼ 1.4%€73k▼ 48.0%€22k▼ 70.4%€171k▲ 695%
2020: €142k
2021: €140k▼ -1.4% vs 2020
2022: €73k▼ -48.0% vs 2021
2023: €22k▼ -70.4% vs 2022lowest in 5 years
2024: €171k▲ +695% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 314% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €727k
Fixed assets
€144k ▼ 16.6%
Current assets
€584k ▲ 26.6%
Equity and liabilities €727k
Equity
€156k ▼ 42.8%
Debt
€571k ▲ 58.6%
Debt's share of the balance-sheet total rises from 56.9% to 78.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€266k▲
2023 · €85k
Cash flow
€202k▲
2023 · €50k
Current ratio
1.33▼
2023 · 2.17
Debt to equity
3.66▲
2023 · 1.32
ROE
109.7%▲
2023 · 7.9%
ROA
23.5%▲
2023 · 3.4%
Interest coverage
46.47▲
2023 · 35.22
Debt ≤ 1 year
€437k▲
2023 · €212k
Debt > 1 year
€126k▼
2023 · €146k
Income taxes
€59k▲
2023 · €33k
Staff costs
€63k▲
2023 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€633k€727k▲
Fixed assets21/28€172k€144k▼
Tangible fixed assets22/27€172k€144k▼
Land and buildings22€144k€133k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€25k€9k▼
Financial fixed assets28€54€54=
Current assets29/58€461k€584k▲
Amounts receivable within one year40/41€185k€331k▲
Trade receivables40€182k€286k▲
Other amounts receivable41€3k€45k▲
Current investments50/53-€49k
Cash at bank and in hand54/58€275k€204k▼
Deferred charges and accrued income490/1€1k€6▼
Equity and liabilities
Total equity and liabilities10/49€633k€727k▲
Equity10/15€273k€156k▼
Contributions10/11€19k€19k=
Reserves13€254k€137k▼
Distributable reserves133€254k€137k▼
Profit (loss) carried forward14€625€168▼
Amounts payable17/49€360k€571k▲
Amounts payable after more than one year17€146k€126k▼
Financial debts170/4€146k€126k▼
Amounts payable within one year42/48€212k€437k▲
Current portion of amounts payable after more than one year42€20k€20k▼
Financial debts43€384-
Credit institutions430/8€384-
Trade debts44€46k€47k▲
Suppliers440/4€46k€47k▲
Taxes, remuneration and social security45€21k€20k▼
Taxes450/3€14k€10k▼
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€125k€351k▲
Accrued charges and deferred income492/3€2k€8k▲
Income statement
Code20232024
Remuneration, social security and pensions62€55k€63k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€31k▲
Other operating charges640/8€656€3k▲
Gross operating margin9900€140k€331k▲
Operating profit (loss)9901€57k€235k▲
Financial income75/76B€123€921▲
Recurring financial income75€123€921▲
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€54k€230k▲
Income taxes67/77€33k€59k▲
Profit (loss) for the period9904€22k€171k▲
Profit (loss) for the period to be appropriated9905€22k€171k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€172k▲
Profit (loss) brought forward from the previous period14P€81€264▲
Transfer to equity691/2€21k€89k▲
To other reserves6921€21k€89k▲
Profit to be distributed694/7-€82k
Return on contributions (dividend)694-€82k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €80k | €64k | €55k | €63k | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €20k | €28k | €28k | €31k | ▲ 9.9% |
| Other operating charges640/8 | - | €22k | €2k | €656 | €3k | ▲ 284% |
| Gross operating margin9900 | €253k | €295k | €199k | €140k | €331k | ▲ 136% |
| Operating profit (loss)9901 | €200k | €173k | €105k | €57k | €235k | ▲ 314% |
| Financial income75/76B | - | €251 | €60 | €123 | €921 | ▲ 647% |
| Recurring financial income75 | €42 | €251 | €60 | €123 | €921 | ▲ 647% |
| Financial charges65/66B | - | €4k | €4k | €2k | €6k | ▲ 137% |
| Recurring financial charges65 | €3k | €4k | €4k | €2k | €6k | ▲ 137% |
| Profit (loss) for the period before taxes9903 | €197k | €170k | €100k | €54k | €230k | ▲ 323% |
| Income taxes67/77 | €55k | €30k | €28k | €33k | €59k | ▲ 78.7% |
| Profit (loss) for the period9904 | €142k | €140k | €73k | €22k | €171k | ▲ 695% |
| Profit (loss) for the period to be appropriated9905 | €142k | €140k | €73k | €22k | €171k | ▲ 695% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €380k | €748k | €692k | €633k | €727k | ▲ 14.9% |
| Fixed assets21/28 | €4k | €221k | €193k | €172k | €144k | ▼ 16.6% |
| Tangible fixed assets22/27 | €4k | €221k | €193k | €172k | €144k | ▼ 16.6% |
| Land and buildings22 | - | €167k | €156k | €144k | €133k | ▼ 8.0% |
| Plant, machinery and equipment23 | - | €260 | €260 | €4k | €3k | ▼ 28.6% |
| Furniture and vehicles24 | - | €53k | €37k | €25k | €9k | ▼ 65.2% |
| Financial fixed assets28 | €54 | €54 | €54 | €54 | €54 | = |
| Current assets29/58 | €376k | €527k | €499k | €461k | €584k | ▲ 26.6% |
| Amounts receivable within one year40/41 | €143k | €166k | €230k | €185k | €331k | ▲ 79.2% |
| Trade receivables40 | - | €131k | €198k | €182k | €286k | ▲ 57.3% |
| Other amounts receivable41 | - | €35k | €32k | €3k | €45k | ▲ 1,386% |
| Current investments50/53 | - | - | - | - | €49k | - |
| Cash at bank and in hand54/58 | €233k | €322k | €269k | €275k | €204k | ▼ 25.9% |
| Deferred charges and accrued income490/1 | - | €39k | - | €1k | €6 | ▼ 99.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €380k | €748k | €692k | €633k | €727k | ▲ 14.9% |
| Equity10/15 | €177k | €317k | €252k | €273k | €156k | ▼ 42.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €158k | €298k | €233k | €254k | €137k | ▼ 45.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €296k | €231k | €254k | €137k | ▼ 45.9% |
| Profit (loss) carried forward14 | €911 | €723 | €81 | €625 | €168 | ▼ 73.1% |
| Amounts payable17/49 | €202k | €430k | €441k | €360k | €571k | ▲ 58.6% |
| Amounts payable after more than one year17 | - | €185k | €166k | €146k | €126k | ▼ 13.5% |
| Financial debts170/4 | - | €185k | €166k | €146k | €126k | ▼ 13.5% |
| Amounts payable within one year42/48 | €199k | €243k | €273k | €212k | €437k | ▲ 106% |
| Current portion of amounts payable after more than one year42 | - | €20k | €20k | €20k | €20k | ▼ 3.3% |
| Financial debts43 | - | - | - | €384 | - | - |
| Credit institutions430/8 | - | - | - | €384 | - | - |
| Trade debts44 | €17k | €62k | €46k | €46k | €47k | ▲ 0.3% |
| Suppliers440/4 | - | €62k | €46k | €46k | €47k | ▲ 0.3% |
| Taxes, remuneration and social security45 | - | €76k | €41k | €21k | €20k | ▼ 2.9% |
| Taxes450/3 | - | €65k | €33k | €14k | €10k | ▼ 29.9% |
| Remuneration and social security454/9 | - | €11k | €8k | €7k | €10k | ▲ 50.0% |
| Other amounts payable47/48 | - | €84k | €166k | €125k | €351k | ▲ 182% |
| Accrued charges and deferred income492/3 | - | €3k | €2k | €2k | €8k | ▲ 322% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €142k | €140k | €73k | €22k | €171k | ▲ 695% |
| + Depreciation and write-downs630 | €4k | €20k | €28k | €28k | €31k | ▲ 9.9% |
| Operating cash flow (approximation) | €145k | €160k | €100k | €50k | €202k | ▲ 306% |
| Investment in fixed assets (approximation) | - | €-237k | €0 | €-8k | €-3k | ▲ 66.6% |
| Change in cash | - | €89k | €-53k | €6k | €-71k | ▼ 1,245% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €171k ▲695%
Operating result €235k, net result €171k, both a record.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €200kEq €317k ▲78.8%
3 profitable years in a row build equity to €317k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €177k ▲135%
2 profitable years in a row build equity to €177k.
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 115 days late
2019
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.86
Current ratio from 0.79 to 1.86; short-term debt falls from €85k to €77k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Leuven · 1 establishment unit since 2016
Ground area
528 m²
Building footprint
237 m²
Volume, LiDAR
2,814 m³
Parcel 24505F0567/00L000, Flanders · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SmartTechnics
since 20162.253.795.394
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505F0567/00L000 | Flanders | 528 m² | 1 · 237 m² | 17.2 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,937 EUR awarded · 2,937 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 937 EUR | 937 EUR |
Schemes
Premie kwalificerend werkplekleren
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Dual-learning approval
2 live approvalsElektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Similar companies · same sector, comparable size
electra
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TRANSINNE LOCATION ET ELECTRICITE
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RENOV-ELEC
BE 0465.174.881
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XL SOLUTIONS
BE 0561.926.443
Mechelen · Eq €155,971
Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,566 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
Founded30-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.