smart systemes
ActiveSummary
smart systemes has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €4k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▲+38
Solvency31▼-69
Growth58▲+6
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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 · 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-05-2026, 71 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
71 d early
2024
16 d early
2023
23 d late
2022
31 d late
2021
51 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1k▼ 88.5%
2024 · €9k
2021: €4k
2022: €9k
2023: €9k
2024: €9k
2021 → 2025
Total assets
€17k▲ 83.7%
2024 · €9k
2021: €7k
2022: €12k
2023: €10k
2024: €9k
2021 → 2025
Net result
€4k
2024 · €-553
2021: €3k
2022: €8k
2023: €223
2024: €-553
2021 → 2025
Working capital
€-74
2024 · €6k
2021: €2k
2022: €2k
2023: €4k
2024: €6k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4k-€9k▲ 113%€9k▲ 2.5%€9k▼ 6.0%€1k▼ 88.5%
Operating result€4k-€11k▲ 176%€591▼ 94.6%€-298€5k
Net result€3k-€8k▲ 148%€223▼ 97.2%€-553€4k
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 €298 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €17k
Fixed assets
€1k ▼ 65.7%
Current assets
€16k ▲ 163%
Equity and liabilities €17k
Equity
€1k ▼ 88.5%
Debt
€16k ▲ 4,245%
Debt's share of the balance-sheet total rises from 4.0% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▲
2024 · €2k
Cash flow
€4k▲
2024 · €1k
Current ratio
1.00▼
2024 · 16.44
Debt to equity
15.60▲
2024 · 0.04
ROE
405.9%▲
2024 · -6.4%
ROA
24.5%▲
2024 · -6.1%
Interest coverage
22.37▲
2024 · 6.85
Debt ≤ 1 year
€16k▲
2024 · €359
Income taxes
€933▲
2024 · €12
Staff costs
€18k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€9k€17k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€292€145▼
Furniture and vehicles24€3k€929▼
Current assets29/58€6k€16k▲
Amounts receivable within one year40/41€4k€332▼
Trade receivables40€3k-
Other amounts receivable41€1k€332▼
Cash at bank and in hand54/58€2k€15k▲
Equity and liabilities
Total equity and liabilities10/49€9k€17k▲
Equity10/15€9k€1k▼
Contributions10/11€1k€1k=
Reserves13€8k-
Distributable reserves133€8k-
Amounts payable17/49€359€16k▲
Amounts payable within one year42/48€359€16k▲
Trade debts44€128€491▲
Suppliers440/4€128€491▲
Taxes, remuneration and social security45€188€3k▲
Taxes450/3€188€1k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€42€12k▲
Income statement
Code20242025
Non-recurring operating income76A€964€695▼
Remuneration, social security and pensions62-€18k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€305▼
Other operating charges640/8€3-
Non-recurring operating charges66A€348-
Gross operating margin9900€2k€24k▲
Operating profit (loss)9901€-298€5k▲
Financial income75/76B€1€4▲
Recurring financial income75€1€4▲
Financial charges65/66B€243€248▲
Recurring financial charges65€243€248▲
Profit (loss) for the period before taxes9903€-541€5k▲
Income taxes67/77€12€933▲
Profit (loss) for the period9904€-553€4k▲
Profit (loss) for the period to be appropriated9905€-553€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-553€4k▲
Transfer from equity791/2€553€8k▲
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-553 ▼348%
Net result drops to €-553, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 16.44
Current ratio from 4.94 to 16.44; short-term debt falls from €1k to €359.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 4.94
Current ratio from 1.57 to 4.94; short-term debt falls from €3k to €1k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €8k ▲148%
Operating result €11k, net result €8k, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Tienen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Leuvensestraat 1313300 TienenGround area
740 m²
Building footprint
469 m²
Volume, LiDAR
2,823 m³
2 parcels, Flanders, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
smart systemes
since 20212.317.699.390
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24593G0715/00A000 | Flanders | 401 m² | 1 · 375 m² | 11.8 m · 2 fl. |
| 63022A0662/00L000 | Wallonia | 338 m² | 1 · 94 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
FREE ENERGY GROUP
BE 0790.283.348
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EGD TECHNOLOGIE
BE 0682.632.946
Estinnes · Eq €803
AV Solutions
BE 1002.672.667
Halle · Eq €1,324
RedElec
BE 0667.806.002
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TST Group
BE 0764.564.490
Halle · Eq €1,564
Of 1,123 companies in sector 43212 we hold annual accounts for 420. 39 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formGeneral partnership
Founded20-05-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43350Other building finishing work
43910Bricklaying and masonry work
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.