SMARTUNIT DEVELOPMENT

Active

Private limited companyfounded 20233 yrs activeKontichsesteenweg 54, 2630 Aartselaar, BelgiumKBO/BCE: BE 0802.769.822

Summary

The computed 12-month bankruptcy probability of SMARTUNIT DEVELOPMENT is 1.9% (moderate). The 2025 annual accounts show equity of €1.24M and a net result of €772k. Its solvency ranks better than 42% of 2198 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability92▼-1

Solvency55▲+10

Growth78

Track record94

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €75k at 30 days acceptable

Liquidity ample (current ratio 1.79 against 1.25 in 2024; short-term debt: 48.9% and cash: 25.4% of total assets), but 69.7% of the assets are financed with debt.

How do we compute the score and the probability?

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

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

30.3%

Return on assets

18.9%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

1 d early

2024

1 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€1.24M▲ 165%

2024 · €468k

2024: €468k

2024 → 2025

Total assets

€4.09M▲ 75.7%

2024 · €2.33M

2024: €2.33M

2024 → 2025

Net result

€772k▲ 69.5%

2024 · €456k

2024: €456k

2024 → 2025

Working capital

€1.58M▲ 333%

2024 · €365k

2024: €365k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€468k-€1.24M▲ 165%

Operating result€613k-€1.08M▲ 76.8%

Net result€456k-€772k▲ 69.5%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 77% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €4.09M

12.5%

87.5%

Fixed assets €511k ▼ 0.8%

Current assets €3.58M ▲ 97.5%

Equity and liabilities €4.09M

30.3%

62.3%

Equity €1.24M ▲ 165%

Provisions €300k ▲ 200%

Debt €2.55M ▲ 44.9%

Debt's share of the balance-sheet total falls from 75.6% to 62.3%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€1.21M▲

2024 · €689k

Cash flow

€896k▲

2024 · €531k

Current ratio

1.79▲

2024 · 1.25

Quick ratio

1.06▲

2024 · 0.56

Debt to equity

2.05▼

2024 · 3.76

ROE

62.3%▼

2024 · 97.4%

ROA

18.9%▼

2024 · 19.6%

Interest coverage

23.02▼

2024 · 35.29

Debt ≤ 1 year

€2.00M▲

2024 · €1.45M

Debt > 1 year

€235k▼

2024 · €303k

Income taxes

€259k▲

2024 · €138k

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 · 53 lines

Balance sheet Code20242025

Assets

Total assets20/58€2.33M€4.09M▲

Fixed assets21/28€515k€511k▼

Tangible fixed assets22/27€515k€511k▼

Plant, machinery and equipment23€105k€157k▲

Furniture and vehicles24€67k€91k▲

Leasing and similar rights25€342k€262k▼

Current assets29/58€1.81M€3.58M▲

Stocks and contracts in progress3€997k€1.45M▲

Stocks30/36€997k€1.45M▲

Amounts receivable within one year40/41€597k€1.05M▲

Trade receivables40€592k€744k▲

Other amounts receivable41€5k€306k▲

Cash at bank and in hand54/58€185k€1.04M▲

Deferred charges and accrued income490/1€32k€35k▲

Equity and liabilities

Total equity and liabilities10/49€2.33M€4.09M▲

Equity10/15€468k€1.24M▲

Contributions10/11€12k€12k=

Reserves13€456k€1.23M▲

Distributable reserves133€456k€1.23M▲

Provisions and deferred taxes16€100k€300k▲

Provisions for liabilities and charges160/5€100k€300k▲

Environmental obligations163€100k€300k▲

Amounts payable17/49€1.76M€2.55M▲

Amounts payable after more than one year17€303k€235k▼

Financial debts170/4€301k€231k▼

Other amounts payable178/9€2k€4k▲

Amounts payable within one year42/48€1.45M€2.00M▲

Current portion of amounts payable after more than one year42€67k€73k▲

Financial debts43-€787k

Credit institutions430/8-€787k

Trade debts44€393k€312k▼

Suppliers440/4€393k€312k▼

Taxes, remuneration and social security45€17k€754▼

Taxes450/3€17k€754▼

Other amounts payable47/48€969k€825k▼

Accrued charges and deferred income492/3€9k€314k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€124k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€100k€200k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€790k€1.41M▲

Operating profit (loss)9901€613k€1.08M▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€20k€52k▲

Recurring financial charges65€20k€52k▲

Profit (loss) for the period before taxes9903€593k€1.03M▲

Income taxes67/77€138k€259k▲

Profit (loss) for the period9904€456k€772k▲

Profit (loss) for the period to be appropriated9905€456k€772k▲

Appropriation of the result

Profit (loss) to be appropriated9906€456k€772k▲

Transfer to equity691/2€456k€772k▲

To other reserves6921€456k€772k▲

Social balance

Average headcount (FTE)90870.0-

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Equity above €1MEq €1.24M ▲165%

2 profitable years in a row build equity to €1.24M.

30-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 4 acts read

About the unread acts

We know of 4 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

4 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, Aartselaar · 1 establishment unit since 2023

seat establishment The establishment unit on the map

Ground area

1.2 ha

Building footprint

2,550 m²

Volume, LiDAR

17,105 m³

Parcel 11001B0081/00G000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.

9 companies at this address See who is registered here

1 establishment unit

SMARTUNIT DEVELOPMENT

Kontichsesteenweg 54, 2630 AartselaarGeneral construction of buildings

since 20232.347.060.597

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11001B0081/00G000	Flanders	1.2 ha	1 · 2,550 m²	7.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel 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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BRG GROUP

BE 0474.210.333

Schaarbeek · Eq €1,085,765

L'Immobilière Montoise de la Construction

Wavre · Eq €1,481,281

Of 333 companies in sector 41002 we hold annual accounts for 133. 47 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 formPrivate limited company

Founded15-06-2023

Fiscal year end31-12

Activities, NACEBEL 2025

41002Construction of residential and non-residential buildings

41001General construction of residential buildings

41003General construction of other non-residential buildings

68110Buying and selling of own real estate

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.