Overdue debts
€199,683 on 30-06-2025
The annual accounts state €199,683 of overdue tax debts on 30-06-2025.
The City Is Smart
Lifetime
4 annual accounts with figures on one time axispeak €241,005 (2025)
€241,005▲ 233%
lowest -€1.2m (2024)
€153,910▲ €1.3m
peak €164,659 (2023)
-€846,055▲ €153,910
€1.0m▼ 62.2%
Board1 name since 2020
1 directorCAPPELLE Xavier Marcel
Documentsfilings and deeds
19-02-202619 days late
2025micro format
Gross margin from €72,346 to €241,005Back to profit: €153,910Equity from -€999,965 to -€846,055Debts from €2.7m to €1.0m
Key points
from the 2025 annual accountsEquity
-€846,055
Debts exceed assets in financial year 2025.
Result
€153,910 €153,910
Back in profit in 2025, after a loss of €1.2m in 2024.
Debts
€1.0m 621% of the balance sheet
Suppliers 10%Taxes and wages 20%Other 70%
Investments
€40,000 4.6 × depreciation
Green is investment, beige is depreciation.
Position in the sector
-520.9%
Lower solvency than 95% of companies in office administrative support. Sector median 50.3% · 9,691 companies.
2025 accounts filed 19 days after the deadline
Checked score
55
Fair
Financially stronger than 39% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.7%▲ +0.1 percentage points vs 12-2024
02-2025: 1.0%▲ +0.3 percentage points vs 01-2025
03-2025: 1.3%▲ +0.3 percentage points vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.3%● unchanged vs 04-2025
06-2025: 1.3%● unchanged vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.3%● unchanged vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.8%▲ +0.5 percentage points vs 01-2026highest value
03-2026: 0.6%▼ -1.2 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€846,055
Founded in 2020
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Size: total assets €162,421
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 5% of them on solvency, 2% on liquidity, 87% on profitability and 62% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,180 companies had the same profile as The City Is Smart has now. Each dot stands for 6 companies, two years later.
88.7%
were still trading
5.8%
stopped another way
4.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of The City Is Smart itself is lower: 0.6% within 12 months. It rests on far more data about The City Is Smart than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,180 companies, not a prediction for The City Is Smart. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.1 (0.4 in 2024), below 1. Short-term debt is 620.9% and cash 0.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9691 sector peers (2025).
NBB · sector comparisonPosition among 9691 sector peers
Solvency
better than 5%
← weakest
strongest →
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-02-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
19 days late
2024
3 days late
2023
1 day late
2022
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 2 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0759863653
Environmental permit refused
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Provincie Oost-Vlaanderen
Environmental permit granted
Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen, Verwijderen van vrijstaande gebouwen · Torhout
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Wingene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| The City Is Smart Ghent | €162,421 | €241,005 | -520.9% | - |
| SOLE DI NOTTE Stekene | €142,218 | €214,206 | 3.5% | 0 |
| N&S CONSULTING Grimbergen | €156,716 | €229,769 | 1.3% | - |
| ADAUGEO Grimbergen | €182,234 | €218,718 | 3.6% | - |
| DIMANCEA CARMEN Ath | €135,283 | €205,263 | 21.9% | 2 |
| SOMA-TECH Charleroi | €127,529 | €256,618 | 43.6% | - |
| ActuConnect Orp-Jauche | €201,039 | €225,899 | 3.8% | - |
These companies have the same main activity as The City Is Smart: other business support services (NACE 82990). They are comparable in size and age: total assets between €128,000 and €201,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 16-12-2020Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.310.621.8559031 Ghent, since 17-12-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 21-10-2026
Annual accounts to 30-06-2025
- ≈ €360,000estimated
- €162,421▼ 90.2%
- Filing
- Filed on 19-02-2026
Insights on The City Is Smart
The City Is Smart files the micro format. That format states no turnover. The gross margin rose from €125,928 in 2022 to €241,005 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about The City Is Smart
- What is the company number of The City Is Smart?
- The company number of The City Is Smart is 0759.863.653. The VAT number is the same number with BE in front: BE 0759.863.653.
- Where is The City Is Smart based?
- The registered office is at Karel De Bondtlaan 25, 9031 Ghent.Company details
- What does The City Is Smart do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of The City Is Smart?
- The City Is Smart is a public limited company (NV).
- When was The City Is Smart founded?
- The City Is Smart was founded on 16-12-2020.
- Is The City Is Smart still active?
- Yes, The City Is Smart is an active enterprise in the KBO register.
- What is the turnover of The City Is Smart?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €241,005 and 31 comparable companies (NACE 82990). It probably lies between €290,000 and €500,000.Financials
- Is The City Is Smart profitable?
- In financial year 2025, The City Is Smart made a profit of €153,910.
- Where can I find the annual accounts of The City Is Smart?
- The City Is Smart filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of The City Is Smart due?
- The City Is Smart must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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