SMARTWATT
SMARTWATT has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €413k and a net result of €2k. Equity is growing by ~18.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 1994 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €413k |
| Net result | €2k |
| Staff (FTE) | 2 |
| Better than sector | 94% |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 87.8% | 42.7% | |
| Net result | €2k | €40k | |
| Equity | €413k | €444k | |
| Gross operating margin | €169k | €382k | |
| Staff costs | €153k | €587k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2022 |
|---|---|---|---|
| Deposit | full schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €11k | €336k | €44k |
| Net profit | €2k | €231k | €26k |
| Cash flow | €20k | €261k | €44k |
| Staff costs | €153k | €185k | €64k |
| Income taxes | €943 | €78k | - |
| Dividends | - | - | - |
| Total assets | €470k | €508k | €191k |
| Equity | €413k | €411k | €180k |
| Debt | €58k | €97k | €11k |
| of which ≤ 1y | €45k | €97k | €11k |
| of which > 1y | €13k | - | - |
| Working capital | €388k | €386k | €146k |
| Employees (FTE) | 2.0 | - | - |
| 2025 | 2024 | 2022 | |
|---|---|---|---|
| Current ratio | 9.69 | 4.99 | 14.44 |
| Quick ratio | 8.33 | 4.52 | 13.83 |
| Working capital ratio | 82.4% | 76.0% | 76.5% |
| Solvency | 87.8% | 80.9% | 94.3% |
| Debt / equity | 0.14 | 0.24 | 0.06 |
| Long-term debt ratio | 0.03 | - | - |
| Interest coverage | 18.16 | 4538.76 | 195.26 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 0.3% | 45.5% | 13.5% |
| ROE | 0.4% | 56.2% | 14.4% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €470k | €508k | €191k |
| Fixed assets | 21/28 | €38k | €25k | €34k |
| Tangible fixed assets | 22/27 | €36k | €23k | €32k |
| Financial fixed assets | 28 | €2k | €2k | €2k |
| Current assets | 29/58 | €432k | €483k | €157k |
| Stocks & contracts in progress | 3 | €61k | €45k | €7k |
| Amounts receivable within one year | 40/41 | €350k | €422k | €116k |
| Cash & bank | 54/58 | €22k | €11k | €31k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €470k | €508k | €191k |
| Equity | 10/15 | €413k | €411k | €180k |
| Contributions / capital | 10/11 | €8k | €8k | €8k |
| Reserves | 13 | €10k | €10k | €10k |
| Accumulated profits (losses) | 14 | €395k | €393k | €162k |
| Amounts payable | 17/49 | €58k | €97k | €11k |
| Amounts payable after one year | 17 | €13k | - | - |
| Amounts payable within one year | 42/48 | €45k | €97k | €11k |
| Trade debts payable within one year | 44 | €36k | €97k | €4k |
| Income statement | ||||
| Gross operating margin | 9900 | €169k | €526k | €110k |
| Operating result | 9901 | €-8k | €306k | €26k |
| Financial income | 75 | €11k | €3k | - |
| Financial charges | 65 | €608 | €74 | €226 |
| Result before taxes | 9903 | €3k | €309k | €26k |
| Income taxes | 67/77 | €943 | €78k | - |
| Net result for the period | 9904 | €2k | €231k | €26k |
| Result to be appropriated | 9905 | €2k | €231k | €26k |
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 17-02-2003 |
| Status | Active |
| Postal code | 1472 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25054B0253/00R000 | Wallonia | 1.5 ha | - | - |
| 25106I0109/00K000 | Wallonia | 879 m² | 1 · 143 m² | 7.2 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
16-11-2022 Registered office established in Vieux-Genappe
- 1472 Vieux-Genappe, chemin des Casses 2
Technical details
{
"events": [
{
"kind": "zetel_initial_set",
"seat_type": "siege_social",
"new_address": {
"raw": "1472 Vieux-Genappe, chemin des Casses 2",
"city": "Vieux-Genappe",
"region": "waals_gewest",
"street": "chemin des Casses",
"country": "BE",
"postcode": "1472",
"box_number": null,
"street_number": "2",
"locality_suffix": "Vieux-Genappe"
},
"old_address": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9clare que l\u2019adresse du si\u00E8ge est situ\u00E9e \u00E0 1472 Vieux-Genappe, chemin des Casses 2.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": 2,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Maxime STAS",
"firm_city": null,
"firm_name": "STAS de RICHELLE, ROULEZ \u0026 JEMELKA",
"office_city": "Waterloo",
"is_associated": true
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-11-16",
"filing_date": "2022-11-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-11-08",
"unanimous": true
},
"subject_company": {
"kbo": "0479.565.327",
"name_full": "GALIN",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u2019acte"
]
}| Legal nameFR | SMARTWATT |