Smartware
Annual accounts 2025
full format, filed on 30-07-2026, 30 days lateTurnover: not included in this filing.
Balance sheet
balance sheet total €136,520 on 30-11-2025in euro
in euro
Position in the sector
91.2%
Higher than 95% of 1,691 companies in 2025.
11.37
Higher than 95% of 1,658 companies in 2025.
-1.4%
Higher than 30% of 1,673 companies in 2025.
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 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
136,520 | 138,472 | 135,737 | 159,605 | 162,115 | 181,297 | 224,850 | 148,114 | 161,567 | 157,503 | 186,312 | 141,504 | 183,576 | 137,419 | 137,902 | 181,831 | 137,244 | 145,100 | 140,608 | |
21/28 |
- | - | 2,006 | 2,006 | - | - | - | - | - | - | 496 | 2,317 | 5,502 | 4,712 | - | - | - | - | - | |
22/27 |
- | - | 2,006 | 2,006 | - | - | - | - | - | - | 496 | 2,317 | 5,502 | 4,712 | - | - | - | - | 0 | |
23 |
- | - | 2,006 | 2,006 | - | - | - | - | - | - | - | 1,325 | 4,014 | 2,728 | - | - | - | - | - | |
24 |
- | - | - | - | - | - | - | - | - | - | 496 | 992 | 1,488 | 1,983 | - | - | - | - | - | |
29/58 |
136,520 | 138,472 | 133,732 | 157,599 | 162,115 | 181,297 | 224,850 | 148,114 | 161,567 | 157,503 | 185,816 | 139,187 | 178,074 | 132,707 | 137,902 | 181,831 | 137,244 | 145,100 | 140,608 | |
3 |
- | - | - | - | - | - | - | - | 4,335 | 25,535 | - | 7,242 | - | - | - | - | - | - | - | |
30/36 |
- | - | - | - | - | - | - | - | 4,335 | 25,535 | - | 7,242 | - | - | - | - | - | - | - | |
40/41 |
13,546 | 22,771 | 18,769 | 27,315 | 27,315 | 59,799 | 110,277 | 23,302 | 88,175 | 19,713 | 23,356 | 15,883 | 65,755 | 33,854 | 41,205 | 84,356 | 116,924 | 80,626 | 102,205 | |
40 |
12,782 | 22,008 | 18,044 | 27,315 | 27,315 | 59,799 | 110,277 | 23,302 | 88,175 | 19,713 | 23,318 | 15,772 | 65,651 | 33,738 | 41,160 | 71,486 | 116,504 | 77,457 | 102,205 | |
41 |
764 | 764 | 725 | - | - | - | - | - | - | - | 37 | 111 | 105 | 115 | 45 | 12,870 | 420 | 3,169 | - | |
54/58 |
122,974 | 115,700 | 114,963 | 130,285 | 134,800 | 121,498 | 114,573 | 124,812 | 69,057 | 112,256 | 162,461 | 116,062 | 112,319 | 98,854 | 96,697 | 97,475 | 20,320 | 64,474 | 38,403 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
136,520 | 138,472 | 135,737 | 159,605 | 162,115 | 181,297 | 224,850 | 148,114 | 161,567 | 157,503 | 186,312 | 141,504 | 183,576 | 137,419 | 137,902 | 181,831 | 137,244 | 145,100 | 140,608 | |
10/15 |
124,510 | 126,461 | 131,516 | 134,174 | 135,978 | 138,535 | 135,624 | 128,417 | 137,995 | 140,129 | 140,025 | 128,243 | 130,056 | 125,489 | 124,762 | 122,903 | 117,978 | 104,143 | 81,353 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
14 |
56,310 | 58,261 | 63,316 | 65,974 | 67,778 | 70,335 | 67,424 | 60,217 | 69,795 | 71,929 | 71,825 | 60,043 | 61,856 | 57,289 | 56,562 | 54,703 | 49,778 | 35,943 | 13,153 | |
17/49 |
12,010 | 12,010 | 4,222 | 25,432 | 26,137 | 42,761 | 89,225 | 19,697 | 23,571 | 17,375 | 46,287 | 13,261 | 53,520 | 11,930 | 13,140 | 58,929 | 19,266 | 40,957 | 59,255 | |
42/48 |
12,010 | 12,010 | 4,222 | 25,432 | 26,137 | 42,761 | 89,225 | 19,697 | 23,571 | 17,375 | 46,287 | 8,134 | 49,028 | 8,075 | 9,421 | 56,183 | 16,982 | 38,574 | 57,894 | |
44 |
12,010 | 12,010 | 4,222 | 13,700 | 14,405 | 30,759 | 78,036 | 10,526 | 15,389 | 11,186 | 31,463 | 7,236 | 47,314 | 7,440 | 9,181 | 56,183 | 16,503 | 37,591 | 48,390 | |
440/4 |
12,010 | 12,010 | 4,222 | 13,700 | 14,405 | 30,759 | 78,036 | 10,526 | 15,389 | 11,186 | 31,463 | 7,236 | 47,314 | 7,440 | 9,181 | 56,183 | 16,503 | 37,591 | 48,390 | |
45 |
- | - | - | 11,732 | 11,732 | 12,002 | 11,190 | 9,171 | 8,183 | 6,189 | 14,824 | 898 | 1,714 | 635 | 240 | - | 479 | 984 | 9,504 | |
450/3 |
- | - | - | 11,732 | 11,732 | 12,002 | 11,190 | 9,171 | 8,183 | 6,189 | 14,824 | 898 | 1,714 | 635 | 240 | - | 479 | 984 | 9,504 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | 5,127 | 4,491 | 3,855 | 3,719 | 2,746 | 2,284 | 2,383 | 1,361 | |
| Income statement | ||||||||||||||||||||
9900 |
-1,397 | -351 | -1,657 | -1,013 | -356 | 3,195 | 7,720 | -8,944 | -1,187 | 955 | 17,111 | 1,184 | 11,863 | 1,732 | 2,098 | 4,762 | 19,658 | 34,452 | 20,486 | |
630 |
- | 2,006 | - | - | - | - | - | - | - | 496 | 1,821 | 3,185 | 3,185 | 1,860 | - | - | - | - | - | |
631/4 |
- | - | - | - | - | - | - | - | - | - | 3,723 | - | 4,798 | - | - | - | - | 250 | - | |
640/8 |
521 | 502 | 957 | 723 | 449 | 446 | 494 | 442 | 440 | 447 | 440 | 438 | 404 | 402 | 402 | 401 | 399 | 401 | 447 | |
9901 |
-1,918 | -2,860 | -2,613 | -1,737 | -805 | 2,749 | 7,226 | -9,386 | -1,626 | 13 | 11,128 | -2,439 | 3,477 | -529 | 1,697 | 4,361 | 19,260 | 33,801 | 20,039 | |
75/76B |
- | - | - | - | - | 265 | 20 | 9 | 473 | 135 | 697 | 687 | 1,154 | 1,320 | 299 | 803 | 275 | 104 | 104 | |
75 |
- | - | - | - | - | 265 | 20 | 9 | 473 | 135 | 697 | 687 | 1,154 | 1,320 | 299 | 803 | 275 | 104 | 104 | |
65/66B |
34 | 45 | 45 | 68 | 23 | 103 | 39 | 202 | 980 | 45 | 43 | 62 | 63 | 64 | 159 | 87 | 97 | 133 | 138 | |
65 |
34 | 45 | 45 | 68 | 23 | 103 | 39 | 202 | 980 | 45 | 43 | 62 | 63 | 64 | 159 | 87 | 97 | 133 | 138 | |
9903 |
-1,951 | -2,905 | -2,658 | -1,804 | -827 | 2,911 | 7,208 | -9,579 | -2,133 | 103 | 11,782 | -1,813 | 4,567 | 727 | 1,837 | 5,077 | 19,438 | 33,772 | 20,005 | |
67/77 |
- | 2,150 | - | - | - | - | - | - | - | - | - | - | - | - | -23 | 152 | 5,603 | 10,982 | 7,376 | |
9904 |
-1,951 | -5,054 | -2,658 | -1,804 | -827 | 2,911 | 7,208 | -9,579 | -2,133 | 103 | 11,782 | -1,813 | 4,567 | 727 | 1,860 | 4,925 | 13,835 | 22,790 | 12,629 | |
9905 |
-1,951 | -5,054 | -2,658 | -1,804 | -827 | 2,911 | 7,208 | -9,579 | -2,133 | 103 | 11,782 | -1,813 | 4,567 | 727 | 1,860 | 4,925 | 13,835 | 22,790 | 12,629 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
56,310 | 58,261 | 63,316 | 65,974 | 67,778 | 70,335 | 67,424 | 60,217 | 69,795 | 71,929 | 71,825 | 60,043 | 61,856 | 57,289 | 56,562 | 54,703 | 49,778 | 35,943 | 17,418 | |
14P |
58,261 | 63,316 | 65,974 | 67,778 | 68,605 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,265 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,265 | |
| Document | ||||||||||||||||||||
The accounts for 14 older financial years (1992-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 2 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 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 30 days after the deadline. Filed on 30 July 2026, deadline 30 June 2026 (7 months after the close on 30 November 2025, Companies Code art. 3:10). Source: NBB, 2026-00356011.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-11-2025 | full format | 30-07-2026 | 2026-00356011 | |
| 30-11-2024 | abbreviated format | 31-07-2025 | 2025-00337543 | |
| 30-11-2023 | abbreviated format | 29-07-2024 | 2024-00294435 | |
| 30-11-2022 | abbreviated format | 29-07-2024 | 2024-00294403 | |
| 30-11-2021 | abbreviated format | 29-07-2024 | 2024-00294340 | |
| 30-11-2019 | abbreviated format | 30-06-2020 | 2020-26600458 | |
| 30-11-2018 | abbreviated format | 31-07-2019 | 2019-43700441 | |
| 30-11-2017 | abbreviated format | 18-06-2018 | 2018-20100171 | |
| 30-11-2016 | abbreviated format | 31-07-2017 | 2017-40400202 | |
| 30-11-2015 | abbreviated format | 31-05-2016 | 2016-15100476 | |
| 30-11-2014 | abbreviated format | 15-06-2015 | 2015-17500394 | |
| 30-11-2013 | abbreviated format | 31-07-2014 | 2014-39300029 | |
| 30-11-2012 | abbreviated format | 30-07-2013 | 2013-38500301 | |
| 30-11-2011 | abbreviated format | 30-06-2012 | 2012-25200090 | |
| 30-11-2010 | abbreviated format | 29-07-2011 | 2011-37300059 | |
| 30-11-2009 | abbreviated format | 31-07-2010 | 2010-38300335 | |
| 30-11-2008 | abbreviated format | 29-06-2009 | 2009-32900205 | |
| 30-11-2007 | abbreviated format | 29-06-2008 | 2008-32100367 | |
| 30-11-2006 | abbreviated format | 13-06-2007 | 2007-22100290 | |
| 30-11-2005 | abbreviated format | 28-06-2006 | 2006-34502768 | |
| 30-11-2004 | abbreviated format | 30-06-2005 | 2005-38603679 | |
| 30-11-2003 | abbreviated format | 28-10-2004 | 2004-76004683 | |
| 30-11-2002 | abbreviated format | 01-07-2003 | 2003-36100768 | |
| 30-11-2001 | abbreviated format | 08-08-2002 | 2002-46504282 | |
| 30-11-2000 | abbreviated format | 08-08-2002 | 2002-46504269 | |
| 30-11-1999 | abbreviated format | 10-10-2000 | 2000-63404050 | |
| 30-11-1998 | abbreviated format | 10-10-2000 | 2000-63404036 | |
| 30-11-1997 | abbreviated format | 18-09-1998 | 1998-47700607 | |
| 30-11-1996 | abbreviated format | 27-08-1997 | 1997-39800467 | |
| 30-11-1995 | abbreviated format | 31-10-1996 | 1996-49701451 | |
| 30-11-1994 | abbreviated format | 25-08-1995 | 1995-47000086 | |
| 30-11-1993 | abbreviated format | 08-07-1994 | 1994-28502161 | |
| 31-12-1992 | abbreviated format | 08-09-1993 | 1993-35003235 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | -854 | - | - | - | - | - | - | - | 509 | 12,949 | 747 | 6,662 | 1,331 | - | - | - | - | - | ||
| - | -3,048 | - | - | - | - | - | - | - | 599 | 13,603 | 1,372 | 7,752 | 2,587 | - | - | - | - | - | ||
| - | 0 | - | 2,006 | - | - | - | - | - | 0 | 0 | 0 | 3,975 | 6,572 | - | - | - | - | - | ||
| 7,274 | 738 | -15,322 | -4,515 | - | 6,925 | -10,240 | 55,755 | -43,199 | -50,205 | 46,399 | 3,743 | 13,465 | 2,157 | -778 | 77,155 | -44,154 | 26,071 | - | ||
| 124,510 | 126,461 | 129,510 | 132,168 | 135,978 | 138,535 | 135,624 | 128,417 | 137,995 | 140,129 | 139,529 | 131,054 | 129,045 | 124,633 | 128,481 | 125,649 | 120,262 | 106,525 | 82,714 | ||
| 91.2% | 91.3% | 96.9% | 84.1% | 83.9% | 76.4% | 60.3% | 86.7% | 85.4% | 89.0% | 75.2% | 90.6% | 70.8% | 91.3% | 90.5% | 67.6% | 86.0% | 71.8% | 57.9% | ||
| 11.37 | 11.53 | 31.68 | 6.20 | 6.20 | 4.24 | 2.52 | 7.52 | 6.85 | 9.07 | 4.01 | 17.11 | 3.63 | 16.43 | 14.64 | 3.24 | 8.08 | 3.76 | 2.43 | ||
| 11.37 | 11.53 | 31.68 | 6.20 | 6.20 | 4.24 | 2.52 | 7.52 | 6.67 | 7.60 | 4.01 | 16.22 | 3.63 | 16.43 | 14.64 | 3.24 | 8.08 | 3.76 | 2.43 | ||
| 0.10 | 0.09 | 0.03 | 0.19 | 0.19 | 0.31 | 0.66 | 0.15 | 0.17 | 0.12 | 0.33 | 0.10 | 0.41 | 0.10 | 0.11 | 0.48 | 0.16 | 0.39 | 0.73 | ||
| -1.6% | -4.0% | -2.0% | -1.3% | -0.6% | 2.1% | 5.3% | -7.5% | -1.5% | 0.1% | 8.4% | -1.4% | 3.5% | 0.6% | 1.5% | 4.0% | 11.7% | 21.9% | 15.5% | ||
| -1.4% | -3.6% | -2.0% | -1.1% | -0.5% | 1.6% | 3.2% | -6.5% | -1.3% | 0.1% | 6.3% | -1.3% | 2.5% | 0.5% | 1.3% | 2.7% | 10.1% | 15.7% | 9.0% | ||
| - | -18.97 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | 30-11-2025 | 30-11-2024 | 30-11-2023 | 30-11-2022 | 30-11-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €2,006 | - |
| - | €2,006 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on Smartware
The operating result for 2025 is a loss of €1,918, smaller than the loss of €2,860 in 2024.
Debt's share of the balance-sheet total rises from 8.7% to 8.8%. Equity is lower.