SMART SOLUTION BXL
ActiveSummary
The computed 12-month bankruptcy probability of SMART SOLUTION BXL is 2.2% (moderate). The 2025 annual accounts show equity of €7k and a net result of €5k. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 79% of 7500 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency97▲+53
Growth32=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.52 against 1.23 in 2024; short-term debt: 28.4% and cash: 46.2% of total assets), and 28.4% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.6%
Return on assets
47.6%
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 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
217 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
€80k
EBIT margin
10.7%
Net result
€5k
2024 · €-6k
2023: €7khighest in 3 years
2024: €-6k▼ -182% vs 2023lowest in 3 years
2025: €5k▲ +186% vs 2024
2023 → 2025
Working capital
€7k▲ 198%
2024 · €2k
2023: €8khighest in 3 years
2024: €2k▼ -69.8% vs 2023lowest in 3 years
2025: €7k▲ +198% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€80k-
Equity€8k-€2k▼ 69.8%€7k▲ 198%
2023: €8khighest in 3 years
2024: €2k▼ -69.8% vs 2023lowest in 3 years
2025: €7k▲ +198% vs 2024
Operating result€9k-€-6k€5k
2023: €9khighest in 3 years
2024: €-6k▼ -165% vs 2023lowest in 3 years
2025: €5k▲ +194% vs 2024
Net result€7k-€-6k€5k
2023: €7khighest in 3 years
2024: €-6k▼ -182% vs 2023lowest in 3 years
2025: €5k▲ +186% 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 returns to profit in 2025: €5k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €10k
Equity
€7k ▲ 198%
Debt
€3k ▼ 72.8%
Debt's share of the balance-sheet total falls from 81.3% to 28.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.52▲
2024 · 1.23
Debt to equity
0.40▼
2024 · 4.34
ROE
66.5%▲
2024 · -231.1%
ROA
47.6%▲
2024 · -43.3%
Debt ≤ 1 year
€3k▼
2024 · €11k
Income taxes
€261
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13k€10k▼
Current assets29/58€13k€10k▼
Amounts receivable within one year40/41€9k€5k▼
Trade receivables40€3k€5k▲
Other amounts receivable41€6k€585▼
Cash at bank and in hand54/58€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€13k€10k▼
Equity10/15€2k€7k▲
Contributions10/11€1k€1k=
Reserves13-€6k
Distributable reserves133-€6k
Profit (loss) carried forward14€1k-
Amounts payable17/49€11k€3k▼
Amounts payable within one year42/48€11k€3k▼
Trade debts44€577€1k▲
Suppliers440/4€577€1k▲
Taxes, remuneration and social security45€10k€261▼
Taxes450/3€10k€261▼
Other amounts payable47/48-€1k
Income statement
Code20242025
Other operating charges640/8€818€1k▲
Gross operating margin9900€-5k€7k▲
Operating profit (loss)9901€-6k€5k▲
Financial income75/76B-€13
Recurring financial income75-€13
Financial charges65/66B€71€161▲
Recurring financial charges65€71€161▲
Profit (loss) for the period before taxes9903€-6k€5k▲
Income taxes67/77-€261
Profit (loss) for the period9904€-6k€5k▲
Profit (loss) for the period to be appropriated9905€-6k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€6k▲
Profit (loss) brought forward from the previous period14P€7k€1k▼
Transfer to equity691/2-€6k
To other reserves6921-€6k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €80k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €71k | - | - | - |
| Other operating charges640/8 | - | €818 | €1k | ▲ 54.3% |
| Gross operating margin9900 | €9k | €-5k | €7k | ▲ 237% |
| Operating profit (loss)9901 | €9k | €-6k | €5k | ▲ 194% |
| Financial income75/76B | - | - | €13 | - |
| Recurring financial income75 | - | - | €13 | - |
| Financial charges65/66B | €44 | €71 | €161 | ▲ 126% |
| Recurring financial charges65 | €44 | €71 | €161 | ▲ 126% |
| Profit (loss) for the period before taxes9903 | €9k | €-6k | €5k | ▲ 190% |
| Income taxes67/77 | €2k | - | €261 | - |
| Profit (loss) for the period9904 | €7k | €-6k | €5k | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-6k | €5k | ▲ 186% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €31k | €13k | €10k | ▼ 22.0% |
| Current assets29/58 | €31k | €13k | €10k | ▼ 22.0% |
| Amounts receivable within one year40/41 | €15k | €9k | €5k | ▼ 38.6% |
| Trade receivables40 | €15k | €3k | €5k | ▲ 62.7% |
| Other amounts receivable41 | - | €6k | €585 | ▼ 90.1% |
| Cash at bank and in hand54/58 | €17k | €4k | €5k | ▲ 13.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €31k | €13k | €10k | ▼ 22.0% |
| Equity10/15 | €8k | €2k | €7k | ▲ 198% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | - | - | €6k | - |
| Distributable reserves133 | - | - | €6k | - |
| Profit (loss) carried forward14 | €7k | €1k | - | - |
| Amounts payable17/49 | €23k | €11k | €3k | ▼ 72.8% |
| Amounts payable within one year42/48 | €23k | €11k | €3k | ▼ 72.8% |
| Trade debts44 | €21k | €577 | €1k | ▲ 156% |
| Suppliers440/4 | €21k | €577 | €1k | ▲ 156% |
| Taxes, remuneration and social security45 | €2k | €10k | €261 | ▼ 97.4% |
| Taxes450/3 | €2k | €10k | €261 | ▼ 97.4% |
| Other amounts payable47/48 | - | - | €1k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-6k | €5k | ▲ 186% |
| Operating cash flow (approximation) | €7k | €-6k | €5k | ▲ 186% |
| Change in cash | - | €-12k | €565 | ▲ 105% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.52
Current ratio from 1.23 to 3.52; short-term debt falls from €11k to €3k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 217 days late
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gistel · 1 establishment unit since 2023
Ground area
3,395 m²
Building footprint
777 m²
Volume, LiDAR
10,656 m³
2 parcels, Flanders · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SMART SOLUTION BXL
since 20232.344.112.094
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0372/00D000 | Flanders | 2,683 m² | 1 · 669 m² | 20.0 m · 5 fl. |
| 35012B0414/00K000 | Flanders | 711 m² | 1 · 108 m² | 8.5 m · 2 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.
Similar companies · same sector, comparable size
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 7,977 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
Founded11-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
81210General cleaning of buildings
Scores and ratios are computed by Checked and are not a credit decision.