Smartware
ActiveSmartware has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €-2k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 95% of 1413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+20
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 11.37 against 11.53 in 2024; short-term debt: 8.8% and cash: 90.1% of total assets), and 8.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192122232425
2018 to 2025 · latest year €-2k
neutral · Filed after the deadline
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 30-07-2026, 30 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 · 10 filingsDeviation from the deadline
2025
30 d late
2024
31 d late
2023
29 d late
2022
395 d late
2021
760 d late
2019
on the day
2018
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-11-2026 and is due by 30-06-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-11-2026 close30-06-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-2k▲ 61.4%
2024 · €-5k
2018: €7k
2019: €3k
2021: €-827
2022: €-2k
2023: €-3k
2024: €-5k
2018 → 2025
Working capital
€125k▼ 1.5%
2024 · €126k
2018: €136k
2019: €139k
2021: €136k
2022: €132k
2023: €130k
2024: €126k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€134k▼ 1.3%€132k▼ 2.0%€126k▼ 3.8%€125k▼ 1.5%
Operating result€-805-€-2k▼ 116%€-3k▼ 50.5%€-3k▼ 9.4%€-2k▲ 32.9%
Net result€-827-€-2k▼ 118%€-3k▼ 47.3%€-5k▼ 90.1%€-2k▲ 61.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €3k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €137k
Equity
€125k▼ 1.5%
Debt
€12k=
The debt ratio rises from 8.7% to 8.8%. Equity is lower.
Key figures and ratios
Solvency
91.2%▼
2024 · 91.3%
Current ratio
11.37▼
2024 · 11.53
Quick ratio
11.37▼
2024 · 11.53
Debt / equity
0.10▲
2024 · 0.09
ROE
-1.6%▲
2024 · -4.0%
ROA
-1.4%▲
2024 · -3.6%
Debt
€12k=
2024 · €12k
Debt ≤ 1 year
€12k=
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€138k€137k▼
Current assets29/58€138k€137k▼
Amounts receivable within one year40/41€23k€14k▼
Trade receivables40€22k€13k▼
Other amounts receivable41€764€764=
Cash at bank and in hand54/58€116k€123k▲
Equity and liabilities
Total equity and liabilities10/49€138k€137k▼
Equity10/15€126k€125k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€58k€56k▼
Amounts payable17/49€12k€12k=
Amounts payable within one year42/48€12k€12k=
Trade debts44€12k€12k=
Suppliers440/4€12k€12k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Other operating charges640/8€502€521▲
Gross operating margin9900€-351€-1k▼
Operating profit (loss)9901€-3k€-2k▲
Financial charges65/66B€45€34▼
Recurring financial charges65€45€34▼
Profit (loss) for the period before taxes9903€-3k€-2k▲
Income taxes67/77€2k-
Profit (loss) for the period9904€-5k€-2k▲
Profit (loss) for the period to be appropriated9905€-5k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€58k€56k▼
Profit (loss) brought forward from the previous period14P€63k€58k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 30 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-11
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 395 days late
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 760 days late
2023
30-11
Financial
Liquidity times 5current ratio 31.68
Current ratio from 6.20 to 31.68; short-term debt falls from €25k to €4k.
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wuustwezel · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Reigersdreef 52990 WuustwezelGround area
3,264 m²
Building footprint
262 m²
Volume, LiDAR
1,312 m³
2 parcels, Flanders · tallest building 14.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
HAPPY SOFTWARE NV
since 19912.053.868.991
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055A0067/00V003 | Flanders | 2,011 m² | 1 · 100 m² | 14.6 m · 1 fl. |
| 11682G0479/00L002 | Flanders | 1,253 m² | 1 · 162 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DevMo
BE 0682.710.051
Geel · Eq €124k
APPTIK
BE 0690.967.820
Kraainem · Eq €124k
Compass Solutions
BE 0719.914.994
Antwerpen · Eq €125k
KURAUDO
BE 0794.857.095
Gent · Eq €124k
KAAP
BE 0746.981.063
Lanaken · Eq €125k
Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,928 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded18-06-1991
Fiscal year end30-11
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.