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smartSD

Active
Public limited companyfounded 2007active for 18 yearsDooren 115, 1785 Merchtem, BelgiumKBO/BCE: BE 0894.523.310

From the official registers: KBO 18 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

smartSD has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of €8.0m. Equity has been growing by about 21% per year since 2018. Its solvency ranks better than 75% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active since 28-12-2007 Normal situation
Legal form
Public limited company
Registered office
Dooren 115, 1785 Merchtem
Activity
Wholesale of electrical equipment, including installation materials NACE 46643
Establishment unit
2.167.915.455 1785 Merchtem, since 21-12-2007
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
Shareholders

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€65.4m
▲ 21.7%
Profit
€8.0m
Equity
€9.1m
▲ 688%
Total assets
€13.2m
▼ 34.3%
Staff
30.8 FTE
▼ 1.0%
2025 accounts filed 22 days before the deadline
Filed on 09-07-2026at the National Bank
Score breakdownlowers riskFounded in 2007Size: turnover €65.4m, 30.8 FTE, total assets €13.2mProfit of €8.0m (financial year 2025)Equity €9.1m (69.1% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 81% of small companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 94+63
equity 69.1% of total assets
Liquidity 48-5
short-term debt 30.4% · cash 8.6%
Profitability 93+93
return on assets 60.4%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,376 companies, NACE 46, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 1.2%▲ +1.1 percentage points vs 07-2025 09-2025: 1.2%● unchanged vs 08-2025 10-2025: 1.2%● unchanged vs 09-2025 11-2025: 1.2%● unchanged vs 10-2025 12-2025: 1.2%● unchanged vs 11-2025 01-2026: 1.2%● unchanged vs 12-2025 02-2026: 1.2%● unchanged vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026highest value 08-2026: 0.1%▼ -1.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €850,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.23 (5.29 in 2024), above the usual 1.5. Short-term debt is 30.4% and cash 8.6% of total assets. 30.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small). It does better than 78% of them on solvency, 58% on liquidity, 94% on profitability and 95% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 2007
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €65.4m, 30.8 FTE, total assets €13.2m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Profit of €8.0m (financial year 2025)
NBB · annual accounts
lowers risk · Equity €9.1m (69.1% of total assets)
NBB · annual accounts
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
13 days early
2023
44 days late
2022
40 days early
2021
38 days early
2020
52 days early
2019
53 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Equity rose in 2025from €1.2m to €9.1m ▲ 688% View
  • Positive: Higher net result than 95% of companies in wholesale tradesector median €112,000 · 6,101 companies €8.0m View
  • Positive: 5 years of growth in a rowturnover 2025: €65.4m 5 years View
  • A director leftlatest change 03-04-2026 · 2 in office 1 left View

Documents

Annual accounts at the NBB

All 18 annual accounts

Articles and registers

Key facts about smartSD

What is the company number of smartSD?
The company number of smartSD is 0894.523.310. The VAT number is the same number with BE in front: BE 0894.523.310.
Where is smartSD based?
The registered office is at Dooren 115, 1785 Merchtem.Company details
What does smartSD do?
According to the KBO register, the main activity is wholesale of electrical equipment, including installation materials (NACE 46643).
What is the legal form of smartSD?
The legal form of smartSD is Public limited company (NV).
When was smartSD founded?
smartSD was founded on 28-12-2007.
Is smartSD still active?
Yes, smartSD is an active enterprise in the KBO register.
How many employees does smartSD have?
smartSD had an average of 30.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of smartSD?
The turnover of smartSD was €65.4m in financial year 2025, according to the filed annual accounts.
Is smartSD profitable?
In financial year 2025, smartSD made a profit of €8.0m.
Where can I find the annual accounts of smartSD?
smartSD filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of smartSD due?
smartSD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as smartSD: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €18m and €39m, founded between 1992 and 2014.

CompanyTotal assetsTurnover
smartSD Merchtem€13.2m€65.4m
Kappa Data Nazareth-De Pinte€21.1m€56.5m
AGEMAT Herstal€20.8m€38.7m
EASYKIT GROUP Rotselaar€18.1m€23.7m
FANUC BENELUX Mechelen€28.4m€40.8m
TP VISION BELGIUM Gent€39.5m€38.0m
WEG BENELUX S.A. Nivelles€35.3m€69.5m
Full comparison

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