SMART.COM
SMART.COM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €-13k. Equity is shrinking by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 27% of 16691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €84k |
| Net result | €-13k |
| Better than sector | 27% |
| Active | 9 yrs |
Mixed profile: strong on stability, weaker on profitability.
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 | 30.0% | 60.0% | |
| Net result | €-13k | €29k | |
| Equity | €84k | €72k | |
| Gross operating margin | €24k | €55k | |
| Staff costs | €22k | €25k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | €92k | €80k | €139k | €153k | €84k |
| EBITDA | €245 | €12k | €-10k | €3k | €888 |
| Net profit | €-13k | €10k | €-13k | €2k | €-2k |
| Cash flow | €-2k | €11k | €-12k | €3k | €3k |
| Staff costs | €22k | €30k | €106k | €92k | - |
| Income taxes | €345 | €132 | - | €151 | - |
| Dividends | - | - | - | - | - |
| Total assets | €281k | €16k | €14k | €24k | €15k |
| Equity | €84k | €3k | €-7k | €6k | €4k |
| Debt | €197k | €13k | €21k | €18k | €11k |
| of which ≤ 1y | €152k | €13k | €21k | €18k | €11k |
| of which > 1y | €45k | - | - | - | - |
| Working capital | €77k | €-2k | €-16k | €4k | €-3k |
| Employees (FTE) | - | 0.9 | 2.9 | 4.0 | 2.3 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.51 | 0.82 | 0.26 | 1.21 | 0.67 |
| Quick ratio | 1.51 | 0.82 | 0.26 | 1.21 | 0.67 |
| Working capital ratio | 27.5% | -14.1% | -109.8% | 15.9% | -23.7% |
| Solvency | 30.0% | 19.6% | -49.0% | 25.8% | 27.7% |
| Debt / equity | 2.33 | 4.11 | -3.04 | 2.88 | - |
| Long-term debt ratio | 0.53 | - | - | - | - |
| Interest coverage | 0.11 | 33.87 | -3.69 | 10.95 | - |
| Gross margin | 26.4% | 53.4% | 70.8% | 59.1% | - |
| Net margin | -13.7% | 12.6% | -9.5% | 1.4% | -2.7% |
| ROA | -4.5% | 63.0% | -93.1% | 9.0% | -15.6% |
| ROE | -14.9% | 322.4% | 189.9% | 35.1% | -56.3% |
| EBITDA margin | 0.3% | 14.5% | -6.8% | 2.0% | 1.1% |
| Days sales outstanding | 866d | 47d | 1d | 41d | 11d |
| Days payable outstanding | 85d | 50d | 48d | 23d | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €281k | €16k | €14k | €24k | €15k |
| Fixed assets | 21/28 | €52k | €5k | €9k | €2k | €8k |
| Tangible fixed assets | 22/27 | €46k | €3k | €6k | €0 | €5k |
| Financial fixed assets | 28 | €6k | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €229k | €11k | €6k | €22k | €7k |
| Amounts receivable within one year | 40/41 | €219k | €10k | €5k | €20k | €2k |
| Cash & bank | 54/58 | €10k | €169 | €463 | €2k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €281k | €16k | €14k | €24k | €15k |
| Equity | 10/15 | €84k | €3k | €-7k | €6k | €4k |
| Contributions / capital | 10/11 | €31k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €4k | €156 | €156 | €156 | €156 |
| Accumulated profits (losses) | 14 | €49k | €-3k | €-13k | €-95 | €-2k |
| Amounts payable | 17/49 | €197k | €13k | €21k | €18k | €11k |
| Amounts payable after one year | 17 | €45k | - | - | - | - |
| Amounts payable within one year | 42/48 | €152k | €13k | €21k | €18k | €11k |
| Trade debts payable within one year | 44 | €16k | €5k | €5k | €4k | €5k |
| Income statement | ||||||
| Turnover | 70 | €92k | €80k | €139k | €153k | €84k |
| Gross operating margin | 9900 | €24k | €43k | €98k | €96k | €44k |
| Operating result | 9901 | €-10k | €11k | €-11k | €3k | €-5k |
| Financial income | 75 | - | €0 | €0 | - | - |
| Financial charges | 65 | €2k | €343 | €3k | €283 | €127 |
| Result before taxes | 9903 | €-12k | €10k | €-13k | €2k | €-5k |
| Income taxes | 67/77 | €345 | €132 | - | €151 | - |
| Net result for the period | 9904 | €-13k | €10k | €-13k | €2k | €-5k |
| Result to be appropriated | 9905 | €-13k | €10k | €-13k | €2k | €-5k |
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 13-10-2016 |
| Status | Active |
| Postal code | 5660 |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
15-09-2025 Restructuring of share classes
Technical details
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}26-07-2023 Registered office moved to Couvin
- 5660 Couvin, rue les Allées, numéro 12
Technical details
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}| Legal nameFR | SMART.COM |