THE OBJECT SMITH
ActiveSummary
THE OBJECT SMITH has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €212k and a net result of €20k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+10
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 18.13 against 4.61 in 2024; short-term debt: 4.5% and cash: 30.3% of total assets), and 4.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
95.1%
Return on assets
9%
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 18-09-2026, 49 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
49 d late
2024
21 d early
2023
29 d late
2022
4 d early
2021
13 d early
2020
24 d late
2019
50 d early
← 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
Equity
€212k▲ 10.5%
2024 · €192k
2018: €119klowest in 8 years
2019: €150k▲ +26.6% vs 2018
2020: €194k▲ +29.2% vs 2019
2021: €166k▼ -14.4% vs 2020
2022: €179k▲ +7.9% vs 2021
2023: €190k▲ +6.0% vs 2022
2024: €192k▲ +1.1% vs 2023
2025: €212k▲ +10.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€223k▼ 2.4%
2024 · €229k
2018: €122klowest in 8 years
2019: €165k▲ +35.4% vs 2018
2020: €311k▲ +88.1% vs 2019highest in 8 years
2021: €298k▼ -4.2% vs 2020
2022: €285k▼ -4.2% vs 2021
2023: €256k▼ -10.2% vs 2022
2024: €229k▼ -10.7% vs 2023
2025: €223k▼ -2.4% vs 2024
2018 → 2025
Net result
€20k▲ 869%
2024 · €2k
2018: €18k
2019: €32k▲ +77.4% vs 2018
2020: €45k▲ +42.4% vs 2019highest in 8 years
2021: €15k▼ -67.3% vs 2020
2022: €13k▼ -10.4% vs 2021
2023: €11k▼ -18.3% vs 2022
2024: €2k▼ -80.6% vs 2023lowest in 8 years
2025: €20k▲ +869% vs 2024
2018 → 2025
Working capital
€171k▲ 34.7%
2024 · €127k
2018: €112k
2019: €145k▲ +29.4% vs 2018
2020: €156k▲ +7.3% vs 2019
2021: €126k▼ -19.3% vs 2020
2022: €93k▼ -25.8% vs 2021lowest in 8 years
2023: €110k▲ +18.4% vs 2022
2024: €127k▲ +15.3% vs 2023
2025: €171k▲ +34.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€166k-€179k▲ 7.9%€190k▲ 6.0%€192k▲ 1.1%€212k▲ 10.5%
2021: €166klowest in 5 years
2022: €179k▲ +7.9% vs 2021
2023: €190k▲ +6.0% vs 2022
2024: €192k▲ +1.1% vs 2023
2025: €212k▲ +10.5% vs 2024highest in 5 years
Operating result€26k-€8k▼ 71.0%€17k▲ 121%€4k▼ 78.0%€29k▲ 675%
2021: €26k
2022: €8k▼ -71.0% vs 2021
2023: €17k▲ +121% vs 2022
2024: €4k▼ -78.0% vs 2023lowest in 5 years
2025: €29k▲ +675% vs 2024highest in 5 years
Net result€15k-€13k▼ 10.4%€11k▼ 18.3%€2k▼ 80.6%€20k▲ 869%
2021: €15k
2022: €13k▼ -10.4% vs 2021
2023: €11k▼ -18.3% vs 2022
2024: €2k▼ -80.6% vs 2023lowest in 5 years
2025: €20k▲ +869% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 675% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223k
Fixed assets
€42k ▼ 36.7%
Current assets
€181k ▲ 11.6%
Equity and liabilities €223k
Equity
€212k ▲ 10.5%
Debt
€11k ▼ 69.9%
Debt's share of the balance-sheet total falls from 16.0% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▲
2024 · €40k
Cash flow
€45k▲
2024 · €38k
Current ratio
18.13▲
2024 · 4.61
Debt to equity
0.05▼
2024 · 0.19
ROE
9.5%▲
2024 · 1.1%
ROA
9.0%▲
2024 · 0.9%
Interest coverage
41.53▲
2024 · 22.49
Debt ≤ 1 year
€10k▼
2024 · €35k
Income taxes
€9k▲
2024 · €1k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€229k€223k▼
Fixed assets21/28€66k€42k▼
Tangible fixed assets22/27€66k€42k▼
Plant, machinery and equipment23€2k€211▼
Furniture and vehicles24€29k€10k▼
Other tangible fixed assets26€36k€31k▼
Current assets29/58€163k€181k▲
Amounts receivable within one year40/41€23k€19k▼
Trade receivables40€14k€16k▲
Other amounts receivable41€9k€4k▼
Current investments50/53€92k€93k▲
Cash at bank and in hand54/58€46k€68k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€229k€223k▼
Equity10/15€192k€212k▲
Contributions10/11€12k€12k=
Reserves13€180k€200k▲
Non-distributable reserves130/1€179k€200k▲
Reserves not available under the articles1311€5k€5k=
Other1319€175k€195k▲
Tax-exempt reserves132€183€183=
Amounts payable17/49€37k€11k▼
Amounts payable within one year42/48€35k€10k▼
Current portion of amounts payable after more than one year42€13k-
Trade debts44€2k€498▼
Suppliers440/4€2k€498▼
Taxes, remuneration and social security45€5k€758▼
Taxes450/3€5k€758▼
Other amounts payable47/48€15k€9k▼
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€25k▼
Other operating charges640/8€583€600▲
Non-recurring operating charges66A€53€141▲
Gross operating margin9900€40k€54k▲
Operating profit (loss)9901€4k€29k▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€3k€29k▲
Income taxes67/77€1k€9k▲
Profit (loss) for the period9904€2k€20k▲
Profit (loss) for the period to be appropriated9905€2k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€20k▲
Transfer to equity691/2€2k€20k▲
To other reserves6921€2k€20k▲
The notes to these accounts (9 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €30k | €35k | €36k | €25k | ▼ 31.6% |
| Other operating charges640/8 | €518 | €743 | €1k | €583 | €600 | ▲ 2.8% |
| Non-recurring operating charges66A | €53 | €140 | €118 | €53 | €141 | ▲ 167% |
| Gross operating margin9900 | €56k | €38k | €53k | €40k | €54k | ▲ 34.3% |
| Operating profit (loss)9901 | €26k | €8k | €17k | €4k | €29k | ▲ 675% |
| Financial income75/76B | €1k | €13k | €667 | €1k | €1k | ▼ 9.0% |
| Recurring financial income75 | €1k | €13k | €667 | €1k | €1k | ▼ 9.0% |
| Financial charges65/66B | €1k | €4k | €2k | €2k | €1k | ▼ 27.1% |
| Recurring financial charges65 | €1k | €4k | €2k | €2k | €1k | ▼ 27.1% |
| Profit (loss) for the period before taxes9903 | €26k | €17k | €16k | €3k | €29k | ▲ 776% |
| Income taxes67/77 | €12k | €4k | €5k | €1k | €9k | ▲ 616% |
| Profit (loss) for the period9904 | €15k | €13k | €11k | €2k | €20k | ▲ 869% |
| Transfer from tax-exempt reserves789 | €19k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €34k | €13k | €11k | €2k | €20k | ▲ 869% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €298k | €285k | €256k | €229k | €223k | ▼ 2.4% |
| Fixed assets21/28 | €97k | €121k | €93k | €66k | €42k | ▼ 36.7% |
| Tangible fixed assets22/27 | €97k | €121k | €93k | €66k | €42k | ▼ 36.7% |
| Plant, machinery and equipment23 | €6k | €4k | €3k | €2k | €211 | ▼ 86.3% |
| Furniture and vehicles24 | €92k | €78k | €50k | €29k | €10k | ▼ 64.1% |
| Other tangible fixed assets26 | - | €39k | €41k | €36k | €31k | ▼ 12.8% |
| Current assets29/58 | €200k | €164k | €163k | €163k | €181k | ▲ 11.6% |
| Amounts receivable within one year40/41 | €130 | €13k | €14k | €23k | €19k | ▼ 14.9% |
| Trade receivables40 | €130 | €11k | €11k | €14k | €16k | ▲ 16.4% |
| Other amounts receivable41 | - | €2k | €2k | €9k | €4k | ▼ 61.2% |
| Current investments50/53 | €115k | €61k | €92k | €92k | €93k | ▲ 0.6% |
| Cash at bank and in hand54/58 | €84k | €88k | €55k | €46k | €68k | ▲ 47.1% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €2k | €2k | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €298k | €285k | €256k | €229k | €223k | ▼ 2.4% |
| Equity10/15 | €166k | €179k | €190k | €192k | €212k | ▲ 10.5% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €154k | €167k | €178k | €180k | €200k | ▲ 11.2% |
| Non-distributable reserves130/1 | €154k | €167k | €177k | €179k | €200k | ▲ 11.2% |
| Reserves not available under the articles1311 | €5k | €5k | €5k | €5k | €5k | = |
| Other1319 | €149k | €162k | €173k | €175k | €195k | ▲ 11.5% |
| Tax-exempt reserves132 | €183 | €183 | €183 | €183 | €183 | = |
| Amounts payable17/49 | €131k | €106k | €66k | €37k | €11k | ▼ 69.9% |
| Amounts payable after more than one year17 | €57k | €34k | €11k | - | - | - |
| Financial debts170/4 | €57k | €34k | €11k | - | - | - |
| Amounts payable within one year42/48 | €75k | €70k | €53k | €35k | €10k | ▼ 71.6% |
| Current portion of amounts payable after more than one year42 | €24k | €24k | €25k | €13k | - | - |
| Trade debts44 | €603 | €8k | €460 | €2k | €498 | ▼ 67.3% |
| Suppliers440/4 | €603 | €8k | €460 | €2k | €498 | ▼ 67.3% |
| Taxes, remuneration and social security45 | €6k | €2k | €8k | €5k | €758 | ▼ 84.9% |
| Taxes450/3 | €6k | €2k | €8k | €5k | €758 | ▼ 84.9% |
| Other amounts payable47/48 | €44k | €36k | €20k | €15k | €9k | ▼ 43.0% |
| Accrued charges and deferred income492/3 | - | €1k | €2k | €1k | €1k | ▼ 22.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €13k | €11k | €2k | €20k | ▲ 869% |
| + Depreciation and write-downs630 | €29k | €30k | €35k | €36k | €25k | ▼ 31.6% |
| Operating cash flow (approximation) | €44k | €43k | €46k | €38k | €45k | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | €-54k | €-7k | €-9k | €-429 | ▲ 95.2% |
| Change in cash | - | €4k | €-33k | €-9k | €22k | ▲ 330% |
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
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 18.13
Current ratio from 4.61 to 18.13; short-term debt falls from €35k to €10k.
31-12
Financial
Equity above €200kEq €212k ▲10.5%
8 profitable years in a row build equity to €212k.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €2k ▼80.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €45k ▲42.4%
Operating result €60k, net result €45k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €150k ▲26.6%
2 profitable years in a row build equity to €150k.
Show earlier events
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wielsbeke · 1 establishment unit since 2003
Ground area
543 m²
Building footprint
210 m²
Volume, LiDAR
1,006 m³
Parcel 37017C0157/00Z000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
The Object Smith
since 20032.134.394.730
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0157/00Z000 | Flanders | 543 m² | 1 · 210 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500H4CNEGFRFVQQ47
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,529 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
Founded15-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.