Turnover
≈ €110,000 estimated
The micro format states no turnover.
SmartUp
Overview
Lifetime
3 annual accounts with figures on one time axispeak €57,402 (2024)
€25,375▼ 55.8%
peak €10,364 (2025)
€10,364▲ 125%
peak €27,127 (2025)
€27,127▲ 61.8%
€19,098▼ 16.8%
Board4 names since 2022
1 directorVanelderen Aaron
Documentsfilings and deeds
04-08-20264 days late
2025micro format
Gross margin from €57,402 to €25,375Result from €4,600 to €10,364Equity from €16,763 to €27,127Debts from €22,953 to €19,098Investments €11,577
Key points
from the 2025 annual accountsInvestments
€10,711 3.0 × depreciation
Green is investment, beige is depreciation.
Filings
3 annual accounts 3 late
The 2023 accounts came latest: 16 days after the end of the period.
Checked score
67
Healthy
Financially stronger than 81% of micro companies in food and beverage service (NACE 56)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.3%
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.3%● unchanged vs 01-2025
03-2025: 2.4%▲ +0.1 percentage points vs 02-2025
04-2025: 2.5%▲ +0.1 percentage points vs 03-2025
05-2025: 2.5%● unchanged vs 04-2025
06-2025: 2.5%● unchanged vs 05-2025
07-2025: 2.7%▲ +0.2 percentage points vs 06-2025
08-2025: 3.6%▲ +0.9 percentage points vs 07-2025highest value
09-2025: 1.2%▼ -2.4 percentage points vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025lowest value
02-2026: 1.2%● unchanged vs 01-2026lowest value
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.4%▲ +0.2 percentage points vs 03-2026
05-2026: 1.5%▲ +0.1 percentage points vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.7%▲ +0.2 percentage points vs 06-2026
08-2026: 2.2%▲ +0.5 percentage points vs 07-2026
09-2026: 1.3%▼ -0.9 percentage points vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €46,225
Sector: Food and beverage service activities (NACE 56)
Founded in 2022
lowers risk
Liquidity: current ratio 1.44, cash €17,257
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 56, micro). It does better than 75% of them on solvency, 83% on liquidity, 84% on profitability and 84% 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 39,278 companies had the same profile as SmartUp has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SmartUp itself: 1.3% 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 39,278 companies, not a prediction for SmartUp. 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 €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.44 (1.5 in 2024), below the usual 1.5. Short-term debt is 36.9% and cash 37.3% of total assets. 41.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
4 days late
2024
8 days late
2023
16 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 9 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VA
Vanelderen Aaron
Director, since 23-10-2024
- Ronsmans Axel partnerdeed of 20-01-2022
- Fauvel Julie partnerdeed of 20-01-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0780558802
Company renamed from Baronsmans to SmartUp
Change of role: FAUVEL Julie, from manager to sole director · Appointment: PKF BOFIDI Audit BV (company auditor) · Resignation: RONSMANS Axel (manager) · General meeting of 30-03-2023 · Gazette deed
First establishment
De Baron, Academiestraat 21, Tienen
Incorporation
Founding capital of €200, 200 shares · Founders: Ronsmans Axel and Fauvel Julie · Appointments: Ronsmans Axel (manager) and Fauvel Julie (manager) · published on 20-01-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SmartUp Tienen | €46,225 | €25,375 | 58.7% | - |
| Café Lozenhoek Keerbergen | €51,385 | €31,637 | 35.9% | - |
| L’école du carré 2.0 Faimes | €46,930 | €20,721 | -18.4% | - |
| Brasserie Anisa Brussels | €50,681 | €28,325 | 61.7% | - |
| BARO VOLXUS Ghent | €42,422 | €30,476 | -15.8% | - |
| Café Pistolet Bruges | €52,463 | €22,872 | 40.9% | - |
| CARDIPLAI Quaregnon | €50,130 | €20,814 | 81.2% | - |
These companies have the same main activity as SmartUp: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €42,400 and €52,500, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 17-01-2022Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment unit
- 2.326.873.2163300 Tienen, since 18-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Annual accounts 2025
- €25,375▼ 55.8%
- €10,364▲ 125%
- €27,127▲ 61.8%
- €46,225▲ 16.4%
- Filing
- Filed on 04-08-2026
Insights on SmartUp
SmartUp files the micro format. That format states no turnover. The gross margin fell from €46,478 in 2023 to €25,375 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 04-08-2026, 4 days late€25,375
▼ 55.8%
€13,590
▲ 120%
€10,364
▲ 125%
€7,572
▼ 10.2%
58.7%
▲ 16.5 percentage points
1.44
▼ 0.06
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €69,000 and €140,000.
Balance sheet
balance sheet total €46,225 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
58.7%
Higher than 75% of 17,158 companies in 2025.
1.44
Higher than 61% of 16,582 companies in 2025.
22.4%
Higher than 82% of 16,665 companies in 2025.
SmartUp
Middle half of the sector
80% of the sector
Micro accounts in food and beverage service (NACE 56)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
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 |
46,225 | 39,716 | 38,035 | |
20 |
1,942 | 2,808 | 3,674 | |
21/28 |
19,675 | 11,670 | 13,386 | |
22/27 |
16,888 | 8,884 | 10,926 | |
23 |
2,452 | 2,435 | 3,571 | |
24 |
7,151 | - | 0 | |
26 |
7,285 | 6,448 | 7,355 | |
28 |
2,787 | 2,787 | 2,460 | |
29/58 |
24,609 | 25,238 | 20,975 | |
3 |
4,851 | 4,023 | 5,562 | |
30/36 |
4,851 | 4,023 | 5,562 | |
40/41 |
1,709 | 2,018 | 2,088 | |
40 |
698 | 659 | 985 | |
41 |
1,011 | 1,360 | 1,103 | |
54/58 |
17,257 | 17,337 | 12,472 | |
490/1 |
792 | 1,859 | 853 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
46,225 | 39,716 | 38,035 | |
10/15 |
27,127 | 16,763 | 12,164 | |
10/11 |
200 | 200 | 200 | |
14 |
26,927 | 16,563 | 11,964 | |
17/49 |
19,098 | 22,953 | 25,871 | |
17 |
2,062 | 6,143 | 10,170 | |
170/4 |
2,062 | 6,143 | 10,170 | |
42/48 |
17,036 | 16,810 | 15,702 | |
42 |
4,082 | 4,027 | 3,972 | |
44 |
6,123 | 4,541 | 5,146 | |
440/4 |
6,123 | 4,541 | 5,146 | |
45 |
6,832 | 8,242 | 5,949 | |
450/3 |
6,582 | 5,915 | 3,090 | |
454/9 |
250 | 2,328 | 2,859 | |
47/48 |
- | 0 | 635 | |
| Income statement | ||||
76A |
- | 0 | 2,740 | |
9900 |
25,375 | 57,402 | 46,478 | |
62 |
1,996 | 42,898 | 35,873 | |
630 |
3,572 | 2,909 | 2,623 | |
640/8 |
6,217 | 5,430 | 5,738 | |
9901 |
13,590 | 6,164 | 2,244 | |
75/76B |
86 | 55 | 55 | |
75 |
86 | 55 | 55 | |
65/66B |
340 | 379 | 285 | |
65 |
340 | 379 | 285 | |
9903 |
13,336 | 5,840 | 2,014 | |
67/77 |
2,972 | 1,241 | 297 | |
9904 |
10,364 | 4,600 | 1,716 | |
9905 |
10,364 | 4,600 | 1,716 | |
| Appropriation of the result | ||||
9906 |
26,927 | 16,563 | 11,964 | |
14P |
16,563 | 11,964 | 10,248 | |
| Document | ||||
The notes to these accounts have 17 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 04-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 4 days after the deadline. Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00385643.
Subsidies and aid
Flemish government 2022 to 2025, 6 entries, €19,628 awarded, €19,628 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €395 | €395 |
| 2024 | 1 | €9,017 | €9,017 |
| 2023 | 2 | €4,642 | €5,392 |
| 2022 | 2 | €5,574 | €4,824 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 17,163 | 9,073 | 4,866 | ||
| 13,936 | 7,508 | 4,339 | ||
| 10,711 | 327 | 421 | ||
| -81 | 4,866 | - | ||
| 7,572 | 8,428 | 5,273 | ||
| 58.7% | 42.2% | 32.0% | ||
| 1.44 | 1.50 | 1.34 | ||
| 1.16 | 1.26 | 0.98 | ||
| 0.70 | 1.37 | 2.13 | ||
| 38.2% | 27.4% | 14.1% | ||
| 22.4% | 11.6% | 4.5% | ||
| 50.42 | 23.93 | 17.05 |
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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €10,711 | - | €421 |
| Financial fixed assets | €0 | €327 | €0 |
| €3,572 | €2,909 | €2,623 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on SmartUp
The operating result for 2025 is 120% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 57.8% to 41.3%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, 1 auditor, no change since 2023Company auditor, permanent representative Jeroen RANS
appointed by deed of 12-04-2023
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 12. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 12-04-2023
Mandates through the years
4 names, the dashed line is todayVanelderen Aaron
Director
Director
PKF Bofidi Audit
Company auditor
Company auditor
FAUVEL Julie
Sole director (not named in the articles)
Sole director (not named in the articles)
RONSMANS Axel
Manager
Manager
BoardEarlierend not dated
Mandates as a list
- Vanelderen Aaron
- Director, from 23-10-2024 to date
- PKF Bofidi Audit
- Company auditor, appointed by deed of 12-04-2023, still in office
- FAUVEL Julie
- Manager, from 17-01-2022 to 30-03-2023
- Sole director (not named in the articles), appointed by deed of 12-04-2023, no longer listed in the 2025 annual accounts
- RONSMANS Axel
- Manager, appointed by deed of 20-01-2022, until 30-03-2023
Control
Capital
- Contribution
- €200
- Shares
- 200
- Contribution per share
- €1
- Equity per share
- €136 in 2025
- Source
- deed of 12-04-2023
Articles of association
deed of 12-04-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen”
Shareholders
At incorporation
deed of 20-01-2022 ↗
- Ronsmans Axel vennoot · 100 shares (50%) · €100
- Fauvel Julie vennoot · 100 shares (50%) · €100
Capital transactions
Capital over time
- 12-04-2023 Converted to available equity · €200
- 20-01-2022 Incorporation · €200 · 200 shares
Network & group
No group
SmartUp has no parent and no holdings in its annual accounts. Vanelderen Aaron is the only director. SmartUp shares no director with another company.
Timeline
Timeline
8 events since 2022Board
Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 4 days late
2025
Highest result from 2023 to 2025 net €10,364 ▲125% The operating result of €13,590 and the net result of €10,364 are both a record.
Annual accounts 2024 filed PDFmicro format · 8 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0780558802
2024
Annual accounts 2023 filed PDFmicro format · 16 days late
2023
Company renamed from Baronsmans to SmartUpChange of role: FAUVEL Julie, from manager to sole director · Appointment: PKF BOFIDI Audit BV (company auditor) · Resignation: RONSMANS Axel (manager) · General meeting of 30-03-202313 points ▸
- General meeting, 30-03-2023
- Auditor appointment, PKF BOFIDI Audit BV (company auditor)
- Auditor report, 23-03-2023
- Legal-form conversion, from general partnership to private limited company
- Accounting effect, 31-12-2022
- Director resignation, RONSMANS Axel (manager)
- Director resignation, FAUVEL Julie (manager)
- Director discharge, RONSMANS Axel
- Director discharge, FAUVEL Julie
- Director appointment, FAUVEL Julie (sole director (not named in the articles))
- Name change, SmartUp
- Registered office clause, Academiestraat 21, 3300 Tienen
- Power of attorney, Carl MAERE, mentioned twice in the deed
- The deed holds 10 more points.
2022
First establishment De Baron, Academiestraat 21, Tienen
IncorporationFounding capital of €200, 200 shares · Founders: Ronsmans Axel and Fauvel Julie · Appointments: Ronsmans Axel (manager) and Fauvel Julie (manager) · published on 20-01-20227 points ▸
- Founder, Ronsmans Axel
- Founder, Fauvel Julie
- Founding capital, €200, 200 shares
- Partner, Ronsmans Axel
- Partner, Fauvel Julie
- Director appointment, Ronsmans Axel (manager)
- Director appointment, Fauvel Julie (manager)
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0780.558.802
- VAT number
- BE 0780.558.802
- Peppol ID
- 0208:0780558802
- Other Peppol ID
- 9925:BE0780558802
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 17-01-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00deed of 12-04-2023 (in Dutch)
- Peppol
- Reachable since 30-01-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SmartUp in Dutch
- Former name
- Baronsmans until the deed of 12-04-2023
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-04-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 12-04-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
56301
Cafés and bars main activity
Social security (RSZ) activities
56301
Cafés and bars main activity
Codes under NACEBEL 2008
56301
Cafés and bars main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De uitbating,het beheer en de inrichting van drank- en eetgelegenheden; De uitbating van cafés,bars,clubs,tavernes,traiteurdiensten,hotels…”deed of 12-04-2023 (in Dutch)
8 activities
- De uitbating,het beheer en de inrichting van drank- en eetgelegenheden
- De uitbating van cafés,bars,clubs,tavernes,traiteurdiensten,hotels en logementhuizen
- Verhuring van zalen
- Organiseren van alle feesten en culturele activiteiten
- Handel in bier en alle alcoholische,niet-alcoholische dranken en aanverwante artikelen
- Handel in rookartikelen
- Handel in alle voedingswaren
- Consultancy activiteiten
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| De Baron registered office Academiestraat 21, 3300 Tienen | 18-01-2022 | 2.326.873.216 | Bar |
Buildings and parcels at the address
- Ground area
- 87 m²
- Buildings
- 87 m²
- Volume, LiDAR
- 769 m³
- Tallest building
- 10.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24593H0165/00A002 | 87 m² | 1 · 87 m² | 10.7 m · 3 |
Recognitions
Food safety, FASFC
1 siteTienenunit number 2.326.873.216