SMILE PROJECT
ActiveSummary
The computed 12-month bankruptcy probability of SMILE PROJECT is 4.4% (elevated). The 2025 annual accounts show equity of €27k and a net result of €677. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 67% of 4654 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-6
Solvency81▼-19
Growth53▼-25
Track record100
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.13 against 1.39 in 2024; short-term debt: 44.1% and cash: 6% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.9%
Return on assets
1.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
5 d late
2023
100 d late
2022
29 d late
2021
16 d late
2020
13 d late
2019
56 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€168k▼ 9.0%
2024 · €185k
2024: €185k
2025: €168k▼ -9.0% vs 2024
2024 → 2025
EBIT margin
0.5%=
2024 · 0.5%
2024: 0.5%
2025: 0.5%▲ +4.7% vs 2024
2024 → 2025
Net result
€677▼ 36.4%
2024 · €1k
2019: €-7klowest in 7 years
2020: €-2k▲ +64.7% vs 2019
2021: €-5k▼ -91.7% vs 2020
2022: €-1k▲ +69.9% vs 2021
2023: €25k▲ +1949% vs 2022highest in 7 years
2024: €1k▼ -95.8% vs 2023
2025: €677▼ -36.4% vs 2024
2019 → 2025
Working capital
€-18k
2024 · €2k
2019: €-26klowest in 7 years
2020: €-17k▲ +35.1% vs 2019
2021: €-10k▲ +39.9% vs 2020
2022: €-17k▼ -64.3% vs 2021
2023: €-4k▲ +73.2% vs 2022
2024: €2k▲ +144% vs 2023highest in 7 years
2025: €-18k▼ -1034% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€185k€168k▼ 9.0%
2024: €185k
2025: €168k▼ -9.0% vs 2024
Equity€1k-€-273€25k€26k▲ 4.3%€27k▲ 2.6%
2021: €1k
2022: €-273▼ -125% vs 2021lowest in 5 years
2023: €25k▲ +9219% vs 2022
2024: €26k▲ +4.3% vs 2023
2025: €27k▲ +2.6% vs 2024highest in 5 years
Operating result€-4k-€-1k▲ 68.8%€25k€965▼ 96.2%€920▼ 4.7%
2021: €-4klowest in 5 years
2022: €-1k▲ +68.8% vs 2021
2023: €25k▲ +2019% vs 2022highest in 5 years
2024: €965▼ -96.2% vs 2023
2025: €920▼ -4.7% vs 2024
Net result€-5k-€-1k▲ 69.9%€25k€1k▼ 95.8%€677▼ 36.4%
2021: €-5klowest in 5 years
2022: €-1k▲ +69.9% vs 2021
2023: €25k▲ +1949% vs 2022highest in 5 years
2024: €1k▼ -95.8% vs 2023
2025: €677▼ -36.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€45k ▲ 86.8%
Current assets
€3k ▼ 59.1%
Equity and liabilities €48k
Equity
€27k ▲ 2.6%
Debt
€21k ▲ 322%
Debt's share of the balance-sheet total rises from 16.1% to 44.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €12k
Cash flow
€6k▼
2024 · €12k
Current ratio
0.13▼
2024 · 1.39
Debt to equity
0.79▲
2024 · 0.19
ROE
2.5%▼
2024 · 4.1%
ROA
1.4%▼
2024 · 3.4%
Interest coverage
23.86▼
2024 · 26.07
Debt ≤ 1 year
€21k▲
2024 · €5k
Staff costs
€18k▼
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€31k€48k▲
Fixed assets21/28€24k€45k▲
Tangible fixed assets22/27€24k€45k▲
Plant, machinery and equipment23€504€504=
Furniture and vehicles24€23k€44k▲
Current assets29/58€7k€3k▼
Amounts receivable within one year40/41€6k-
Trade receivables40€783-
Other amounts receivable41€5k-
Cash at bank and in hand54/58€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€31k€48k▲
Equity10/15€26k€27k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€11k€12k▲
Amounts payable17/49€5k€21k▲
Amounts payable within one year42/48€5k€21k▲
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€4k▼
Remuneration and social security454/9€56€2k▲
Other amounts payable47/48-€15k
Income statement
Code20242025
Turnover70€185k€168k▼
Goods, raw materials, services and sundry goods60/61€143k€132k▼
Remuneration, social security and pensions62€30k€18k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€5k▼
Other operating charges640/8€844€3k▲
Non-recurring operating charges66A€9k€11k▲
Gross operating margin9900€51k€38k▼
Operating profit (loss)9901€965€920▼
Financial income75/76B€548-
Recurring financial income75€548-
Financial charges65/66B€448€243▼
Recurring financial charges65€448€243▼
Profit (loss) for the period before taxes9903€1k€677▼
Profit (loss) for the period9904€1k€677▼
Profit (loss) for the period to be appropriated9905€1k€677▼
Appropriation of the result
Profit (loss) to be appropriated9906€11k€12k▲
Profit (loss) brought forward from the previous period14P€10k€11k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €185k | €168k | ▼ 9.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €143k | €132k | ▼ 7.9% |
| Remuneration, social security and pensions62 | - | - | €15k | €30k | €18k | ▼ 40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €80 | €6k | €11k | €5k | ▼ 54.5% |
| Other operating charges640/8 | €348 | €5k | €2k | €844 | €3k | ▲ 277% |
| Non-recurring operating charges66A | €58 | - | - | €9k | €11k | ▲ 23.4% |
| Gross operating margin9900 | €7k | €4k | €48k | €51k | €38k | ▼ 26.1% |
| Operating profit (loss)9901 | €-4k | €-1k | €25k | €965 | €920 | ▼ 4.7% |
| Financial income75/76B | - | - | - | €548 | - | - |
| Recurring financial income75 | - | - | - | €548 | - | - |
| Financial charges65/66B | €257 | €34 | €303 | €448 | €243 | ▼ 45.8% |
| Recurring financial charges65 | €257 | €34 | €303 | €448 | €243 | ▼ 45.8% |
| Profit (loss) for the period before taxes9903 | €-5k | €-1k | €25k | €1k | €677 | ▼ 36.4% |
| Profit (loss) for the period9904 | €-5k | €-1k | €25k | €1k | €677 | ▼ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-1k | €25k | €1k | €677 | ▼ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22k | €16k | €40k | €31k | €48k | ▲ 54.1% |
| Fixed assets21/28 | €11k | €16k | €29k | €24k | €45k | ▲ 86.8% |
| Tangible fixed assets22/27 | €11k | €16k | €29k | €24k | €45k | ▲ 86.8% |
| Plant, machinery and equipment23 | - | - | €887 | €504 | €504 | = |
| Furniture and vehicles24 | €11k | €16k | €28k | €23k | €44k | ▲ 88.7% |
| Current assets29/58 | €11k | €31 | €11k | €7k | €3k | ▼ 59.1% |
| Amounts receivable within one year40/41 | €5 | €21 | €772 | €6k | - | - |
| Trade receivables40 | - | - | €0 | €783 | - | - |
| Other amounts receivable41 | €5 | €21 | €772 | €5k | - | - |
| Cash at bank and in hand54/58 | €11k | €10 | €10k | €1k | €3k | ▲ 157% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22k | €16k | €40k | €31k | €48k | ▲ 54.1% |
| Equity10/15 | €1k | €-273 | €25k | €26k | €27k | ▲ 2.6% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-14k | €-15k | €10k | €11k | €12k | ▲ 6.0% |
| Amounts payable17/49 | €21k | €17k | €16k | €5k | €21k | ▲ 322% |
| Amounts payable within one year42/48 | €21k | €17k | €16k | €5k | €21k | ▲ 322% |
| Trade debts44 | €21k | €2k | €10k | - | - | - |
| Suppliers440/4 | €21k | €2k | €10k | - | - | - |
| Taxes, remuneration and social security45 | - | €2k | €3k | €5k | €6k | ▲ 14.8% |
| Taxes450/3 | - | €2k | - | €5k | €4k | ▼ 18.4% |
| Remuneration and social security454/9 | - | - | €3k | €56 | €2k | ▲ 2,957% |
| Other amounts payable47/48 | - | €13k | €2k | - | €15k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-1k | €25k | €1k | €677 | ▼ 36.4% |
| + Depreciation and write-downs630 | €11k | €80 | €6k | €11k | €5k | ▼ 54.5% |
| Operating cash flow (approximation) | €7k | €-1k | €31k | €12k | €6k | ▼ 52.9% |
| Investment in fixed assets (approximation) | - | €-5k | €-19k | €-5k | €-26k | ▼ 380% |
| Change in cash | - | €-11k | €10k | €-9k | €2k | ▲ 119% |
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
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 100 days late
2023
31-12
Financial
Back to profitnet €25k
Net result €25k after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 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, Anderlecht · 1 establishment unit since 2019
Ground area
253 m²
Building footprint
252 m²
Volume, LiDAR
4,743 m³
2 parcels, Brussels · tallest building 22.2 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SMILE PROJECT
since 20192.282.734.949
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21810L2203/00G002 | Brussels | 144 m² | 1 · 144 m² | 22.1 m · 7 fl. |
| 21305C0329/00C002 | Brussels | 108 m² | 1 · 108 m² | 20.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,685 companies in sector 49330 we hold annual accounts for 2,296. 1,992 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
49310Scheduled passenger transport by road
Scores and ratios are computed by Checked and are not a credit decision.