Smartvalue Distribution
ActiveSummary
The computed 12-month bankruptcy probability of Smartvalue Distribution is 1.7% (moderate). The 2026 annual accounts show equity of €21,929 and a net result of €4,195. Its solvency ranks better than 43% of 148 sector peers (fiscal year 2026). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
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History
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Financials · fiscal year 2026, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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.
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,010 | - |
| Other operating charges640/8 | €1,445 | - | - |
| Gross operating margin9900 | -€30,765 | €8,039 | ▲ 126% |
| Operating profit (loss)9901 | -€32,210 | €5,028 | ▲ 116% |
| Financial income75/76B | €0 | €39 | ▲ 390,000% |
| Recurring financial income75 | €0 | €39 | ▲ 390,000% |
| Financial charges65/66B | €56 | €873 | ▲ 1,470% |
| Recurring financial charges65 | €56 | €873 | ▲ 1,470% |
| Profit (loss) for the period before taxes9903 | -€32,266 | €4,195 | ▲ 113% |
| Profit (loss) for the period9904 | -€32,266 | €4,195 | ▲ 113% |
| Profit (loss) for the period to be appropriated9905 | -€32,266 | €4,195 | ▲ 113% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €59,806 | €56,516 | ▼ 5.5% |
| Fixed assets21/28 | €15,478 | €12,467 | ▼ 19.5% |
| Intangible fixed assets21 | - | €12,467 | - |
| Tangible fixed assets22/27 | €15,478 | - | - |
| Assets under construction and advance payments27 | €15,478 | - | - |
| Current assets29/58 | €44,328 | €44,049 | ▼ 0.6% |
| Stocks and contracts in progress3 | €27,195 | €24,342 | ▼ 10.5% |
| Stocks30/36 | €27,195 | €24,342 | ▼ 10.5% |
| Amounts receivable within one year40/41 | €16,646 | €19,708 | ▲ 18.4% |
| Trade receivables40 | €16,646 | €17,696 | ▲ 6.3% |
| Other amounts receivable41 | - | €2,011 | - |
| Cash at bank and in hand54/58 | €487 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €59,806 | €56,516 | ▼ 5.5% |
| Equity10/15 | €17,734 | €21,929 | ▲ 23.7% |
| Contributions10/11 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€32,266 | -€28,071 | ▲ 13.0% |
| Amounts payable17/49 | €42,072 | €34,587 | ▼ 17.8% |
| Amounts payable within one year42/48 | €41,718 | €34,587 | ▼ 17.1% |
| Financial debts43 | - | €8,202 | - |
| Credit institutions430/8 | - | €8,202 | - |
| Trade debts44 | €41,119 | €26,385 | ▼ 35.8% |
| Suppliers440/4 | €41,119 | €26,385 | ▼ 35.8% |
| Taxes, remuneration and social security45 | €599 | - | - |
| Taxes450/3 | €599 | - | - |
| Accrued charges and deferred income492/3 | €354 | - | - |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€32,266 | €4,195 | ▲ 113% |
| + Depreciation and write-downs630 | - | €3,010 | - |
| Operating cash flow (approximation) | -€32,266 | €7,205 | ▲ 122% |
| Investment in fixed assets (approximation) | - | €0 | - |
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
29-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 01-06-2026
- Registered-office move, Rue du Charbonnage 9, 4020 Wandre Belgique
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113B0166/00V000 | Wallonia | 2.8 ha | - | - |
Linked by address, not proof of ownership
Structure & network
Owners and holdings
1 ownerChain of control
- KORYS
- Colruyt Group
- Sukhino
- NEWPHARMA GROUP
- Smartvalue Distribution
Highest known parent: KORYS. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-03-2026 list no holdings, and no other source names one.
According to the annual accounts to 31-03-2026 of Smartvalue Distribution and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.