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smartSD

Active
Dooren 115 ·1785 Merchtem, Belgium
KBO/BCE: BE 0894.523.310
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Age18 yrs
Board3
Staff (FTE)24.7
Connections3
Real estate1 parcel · 4,835 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of smartSD is 0.6% (low). The 2022 annual accounts show equity of €7.90M and a net result of €4.99M. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Trust signals

3 signals
Established
Founded in 2007, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€43.55M
EBIT margin15.6%
Net result€4.99M+104.8%
Working capital€7.56M+127.6%

Annual accounts & ratios

Source: NBB · 2022
Annual accounts filed on 18-07-2025 with the NBB · fiscal year 2024 · volledig
€0€20.00M€40.00MOperating result 2019: €3.60M€3.60MNet result 2019: €2.44M€2.44MRevenue 2022: €43.55M€43.55MOperating result 2022: €6.80M€6.80MNet result 2022: €4.99M€4.99M20192022
RevenueOperating resultNet result
Revenue
€43.55M
- 19-22
EBITDA
€6.88M
+90.3% 19-22
Net profit
€4.99M
+104.8% 19-22
Cash flow
€5.07M
+106.6% 19-22
Total assets
€10.26M
+92.9% 19-22
Equity
€7.90M
+137.3% 19-22
Working capital
€7.56M
+127.6% 19-22
Employees (FTE)
25
+14.9% 19-22
Staff costs
€2.37M
- 19-22
Income taxes
€1.71M
+61.4% 19-22
Dividends
€3.00M
+100.0% 19-22
Debt
€2.35M
+18.5% 19-22
Debt ≤ 1y
€2.31M
+18.5% 19-22
Current ratio
4.28
+58.1% 19-22
Quick ratio
4.27
+58.6% 19-22
Solvency
77.1%
+23.0% 19-22
Debt / equity
0.30
- 19-22
ROE
63.2%
-13.7% 19-22
ROA
48.7%
+6.2% 19-22
Net margin
11.5%
- 19-22
EBITDA margin
15.8%
- 19-22
Interest coverage
496.58
- 19-22
Figures by fiscal year
Fiscal year2022
Revenue€43.55M
EBITDA€6.88M
Net profit€4.99M
Cash flow€5.07M
Staff costs€2.37M
Income taxes€1.71M
Dividends€3.00M
Total assets€10.26M
Equity€7.90M
Debt€2.35M
of which ≤ 1y€2.31M
of which > 1y-
Working capital€7.56M
Employees (FTE)24.7
Ratios (computed)
2022
Current ratio4.28
Quick ratio4.27
Working capital ratio73.8%
Solvency77.1%
Debt / equity0.30
Long-term debt ratio-
Interest coverage496.58
Gross margin26.5%
Net margin11.5%
ROA48.7%
ROE63.2%
EBITDA margin15.8%
Days sales outstanding70d
Days payable outstanding14d
Inventory turnover1200.61
Days inventory (DSI)0d
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€10.26M
Fixed assets 21/28€384k
Tangible fixed assets 22/27€381k
Financial fixed assets 28€3k
Current assets 29/58€9.87M
Stocks & contracts in progress 3€27k
Amounts receivable within one year 40/41€9.46M
Cash & bank 54/58€354k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€10.26M
Equity 10/15€7.90M
Contributions / capital 10/11€62k
Reserves 13€7.84M
Amounts payable 17/49€2.35M
Amounts payable within one year 42/48€2.31M
Trade debts payable within one year 44€1.19M
Income statement
Turnover 70€43.55M
Operating result 9901€6.80M
Financial income 75€12k
Financial charges 65€116k
Result before taxes 9903€6.70M
Income taxes 67/77€1.71M
Net result for the period 9904€4.99M
Result to be appropriated 9905€4.99M
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2022 · computed
100 / 100 Excellent
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

under verification
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (24143341). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Cornelis Hendrik van Ommen
    Director
    State Gazette act 24143341 (04-10-2024)
    Current
    04-10-2024 → present
  • SSD Vertures BVLegal entity
    Director· perm. rep.: John van Willegen
    State Gazette act 24143341 (04-10-2024)
    Current
    04-10-2024 → present
  • SchreursLegal entity
    Director· perm. rep.: Stefan Schreurs
    State Gazette act 24143341 (04-10-2024)
    Current
    07-10-2019 → present
    2 events
    • 04-10-2024 Appointed· Director
    • 07-10-2019 Appointed· Director
Historic, not recently confirmed (6)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • VAN BAUWELLegal entity
    Director· perm. rep.: Robrecht VAN BAUWEL
    State Gazette act 20022570 (07-02-2020)
    Not recently confirmed
    last confirmed in an act from 2020
  • Cormelis VAN OMMEN
    Director
    State Gazette act 15136628 (28-09-2015)
    Not recently confirmed
    last confirmed in an act from 2015
  • Robrecht Van Bauwel
    Director
    State Gazette act 15136628 (28-09-2015)
    Not recently confirmed
    last confirmed in an act from 2015
  • Stefan Schreurs
    Director
    State Gazette act 15136628 (28-09-2015)
    Not recently confirmed
    last confirmed in an act from 2015
  • Alun John
    Managing director
    State Gazette act 10133178 (10-09-2010)
    Not recently confirmed
    last confirmed in an act from 2010
  • Alun Philip John
    Director
    State Gazette act 10133178 (10-09-2010)
    Not recently confirmed
    last confirmed in an act from 2010
Former directors (6)
  • Van Bauwel BVLegal entity
    Director· perm. rep.: Robrecht Van Bauwel
    State Gazette act 24143341 (04-10-2024)
    Former
    - → 04-10-2024
  • Smartwares Security N.V.Legal entity
    Managing director· perm. rep.: Stefan SCHREURS
    State Gazette act 16022424 (11-02-2016)
    Former
    - → 20-01-2016
    2 events
    • 20-01-2016 Resigned· Managing director
    • 02-06-2015 Resigned· Director
  • Cornelis van Ommen
    Director
    State Gazette act 16075746 (02-06-2016)
    Former
    - → 10-12-2015
  • John van Willegen
    Director
    State Gazette act 15136628 (28-09-2015)
    Former
    02-06-2015 → 10-12-2015
    2 events
    • 10-12-2015 Resigned· Director
    • 02-06-2015 Appointed· Director
  • Maikel van den Dungen
    Director
    State Gazette act 15136628 (28-09-2015)
    Former
    02-06-2015 → 10-12-2015
    3 events
    • 10-12-2015 Resigned· Director
    • 02-06-2015 Resigned· Director
    • 02-06-2015 Appointed· Director
  • Wout Jan Wessels Boer
    Director
    State Gazette act 15136628 (28-09-2015)
    Former
    02-06-2015 → 10-12-2015
    2 events
    • 10-12-2015 Resigned· Director
    • 02-06-2015 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

2 auditors
Statutory auditor IRE/IBR number Tenure
KPMG Bedrijfsrevisoren Burg. CVBA
Statutory auditor · represented by Joachim Hoebeeck
 - 05-06-2018 → 05-06-2018
KPMG Réviseurs d'Entreprises
Statutory auditor · represented by Wim Heyndrickx
succeeded by KPMG Bedrijfsrevisoren Burg. CVBA in 2018
 - 02-06-2015 → 05-06-2018
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Groothandel in elektrisch materiaal, inclusief installatiemateriaal(46643)
Legal form Public limited company(014)
Incorporation28-12-2007
StatusActive
Postal code1785

Structure & network

Connections & network

3 connected companies
KPMG Réviseurs d'Entreprises, Parent company KRKPMG Réviseursd'EntreprisesSchreurs, Parent company SSchreursVAN BAUWEL, Parent company VBVAN BAUWELsmartSD smartSD0894.523.310
Group structure
Group structure
KPMG Réviseurs d'Entreprises
Parent · 419 subsidiaries · 7 locations
Control→
Schreurs
Parent · 1 subsidiary · 2 locations
Control→
VAN BAUWEL
Parent · 1 subsidiary · 1 location
Control→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Establishment units

1 location
SmartSD
Dooren 115, 1785 Merchtemde installatie van bewakingssystemen en alarminstallaties tegen diefstal
since 20072.167.915.455
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area4,835 m²
Buildings1
Building footprint550 m²
Volume (LiDAR)2 m³
Tallest building0.1 m

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23602I0068/00N000 Flanders 4,835 m² 1 · 550 m² 0.1 m
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

14 acts
Capital history · 1
11-02-2016
v3.2
Address history · 1
07-04-2021
v3.2
All acts · 14 updated 4 months ago
2026
03-04-2026 Act object · General meeting · Officer resignation · Power of attorney Open-capture extraction
  • Publication: 2026-04-03 · SmartSD
  • Filing: 2026-03-27 · SmartSD
  • Act object: Ontslag · SmartSD
  • General meeting: 2026-03-17 · SmartSD
  • Officer resignation: 2026-03-17 · SSD Ventures B.V.
  • Power of attorney: elk met de bevoegdheid om alleen te handelen en om zich te laten vervangen · Nick Hallemeesch
  • Power of attorney: elk met de bevoegdheid om alleen te handelen en om zich te laten vervangen · Aude Goffaux
  • Power of attorney: elk met de bevoegdheid om alleen te handelen en om zich te laten vervangen · Charlotte Berthe
Summary: Act object · General meeting · Officer resignation · Power of attorney
2025
13-01-2025 Wim Heyndrickx appointed as statutory auditor Director changes
  • Wim Heyndrickx, Commissaris
Summary: v3.2
2024
04-10-2024 3 directors appointed, 1 resigning Director changes
  • Stefan Schreurs, Bestuurder
  • John van Willegen, Bestuurder
  • Cornelis Hendrik van Ommen, Bestuurder
  • Robrecht Van Bauwel, Bestuurder
Summary: v3.2
2021
20-09-2021 Wim Heyndrickx reappointed as statutory auditor Director changes
  • Wim Heyndrickx, Commissaris
Summary: v3.2
07-04-2021 Registered office moved from Wilrijk to Merchtem Registered-office change
  • Neerlandweg 22A, 2610 Wilrijk → Dooren 115, 1785 Merchtem
Summary: v3.2
2020
07-02-2020 2 directors appointed Director changes
  • Stefan SCHREURS, Bestuurder
  • Robrecht VAN BAUWEL, Bestuurder
Summary: v3.2
2018
13-09-2018 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous·Dimitri CLEENEWERCK de CRAYENCOUR
Summary: otherNotary: Dimitri CLEENEWERCK de CRAYENCOUR · Antwerpen
05-06-2018 Joachim Hoebeeck reappointed as statutory auditor Director changes
  • Joachim Hoebeeck, Commissaris
Summary: v3.2
2017
24-01-2017 Change in the board of directors Director changes
Summary: v3.2
2016
02-06-2016 4 resigning Director changes
  • Wout Jan Wessels Boer, Bestuurder
  • Maikel van den Dungen, Bestuurder
  • Cornelis van Ommen, Bestuurder
  • John van Willegen, Bestuurder
Summary: v3.2
18-03-2016 Articles of association amended Statutes amendment
Summary: v3.2
11-02-2016 Transaction in capital or shares Capital & shares
Summary: v3.2
2015
28-09-2015 6 directors appointed, 2 resigning, 1 reappointed Director changes
  • Maikel VAN DEN DUNGEN, Bestuurder
  • Wout Jan WESSELS BOER, Bestuurder
  • Stefan SCHREURS, Bestuurder
  • Robrecht VAN BAUWEL, Bestuurder
  • Cormelis VAN OMMEN, Bestuurder
  • John VAN WILLEGEN, Bestuurder
  • Maikel VAN DEN DUNGEN, Bestuurder
  • Wout Jan WESSELS BOER, Bestuurder
Summary: v3.2
2010
10-09-2010 2 directors appointed Director changes
  • Alun Philip John, Bestuurder
  • Alun John, Gedelegeerd bestuurder
Summary: v3.2

Analysis

Snowflake analysis

financial profile on 5 axes
Health100Profitability87Solvency100Growth78Stability100
93 / 100

Exceptional profile, strong across almost every axis.

Health 100
Profitability 87
Solvency 100
Growth 78
Stability 100

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Groothandel in elektrisch materiaal, inclusief installatiemateriaal46643Groothandel in elektrisch materiaal, inclusief installatiemateriaal46693
Primary activity highlighted.
Names & trade names
Legal nameNL smartSD
Registered office
Dooren 115
1785 Merchtem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.