SMART GROUP
0427.969.839 · rovalta.com · 22/09/2026
ACTIVE
SMART GROUP
Financial year 2025 · closed on 31/12/2025
Net result
761 k €
+21.7% YoY
Gross margin
2,7 M €
+25.0% YoY
Equity
1,1 M €
+46.5% YoY
Workforce
21,7 ETP
+38.2% YoY
Overview
What does SMART GROUP do?
SMART GROUP is a Private limited company incorporated in 1985. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Waremme. It employs on average 21,7 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0427.969.839
Incorporation
24/01/1985
Legal form
Private limited company
Registered office
Avenue Reine Astrid 27
4300 Waremme · WallonieSee on map
4300 Waremme · WallonieSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
21,7 ETP
Activities (NACE)
66220Activities of insurance agents and brokers· main66220Activities of insurance agents and brokers69201Accounting, bookkeeping and auditing activities; tax consultancy69209Accounting, bookkeeping and auditing activities; tax consultancy66199Other activities auxiliary to financial services, except insurance and pension funding66199Other activities auxiliary to financial services, except insurance and pension funding+10
Joint committees (2)
- 218
- 307
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 2,7 M € | +25.0% | 2,2 M € | +60.3% | 1,4 M € | +29.4% | 1,1 M € | +26.6% | 833,2 k € | -3.2% | 860,8 k € | +44.0% | 597,9 k € | -2.5% | 613,5 k € | +2.7% | 597,1 k € | -2.3% | 611,3 k € | -1.6% | 621,2 k € | -9.4% | 685,6 k € | +8.4% | 632,7 k € | -0.6% | 636,2 k € | +57.7% | 403,4 k € | -2.6% | 414,1 k € | +952% | 39,4 k € | -6.9% | 42,3 k € | -35.5% | 65,6 k € | -2.9% | 67,6 k € |
| EBITDA | 1,5 M € | +24.6% | 1,2 M € | +108% | 571,5 k € | +11.2% | 513,9 k € | +65.4% | 310,7 k € | -32.8% | 462,1 k € | +97.4% | 234,1 k € | -18.4% | 287 k € | +9.1% | 263,1 k € | -30.5% | 378,3 k € | -20.1% | 473,6 k € | -6.9% | 508,9 k € | +32.1% | 385,4 k € | +1.1% | 381,1 k € | +108% | 183,4 k € | -13.2% | 211,3 k € | +448% | 38,5 k € | -5.3% | 40,7 k € | -35.6% | 63,2 k € | -4.6% | 66,3 k € |
| Operating result | 1,1 M € | +23.5% | 879,1 k € | +144% | 359,6 k € | +13.9% | 315,6 k € | +117% | 145,6 k € | -52.3% | 305,1 k € | +331% | 70,8 k € | -40.0% | 118 k € | +23.7% | 95,4 k € | -55.0% | 212,3 k € | -31.3% | 309,2 k € | -12.6% | 353,6 k € | +55.2% | 227,9 k € | +1.7% | 224,2 k € | +453% | 40,5 k € | -45.0% | 73,6 k € | +175% | 26,8 k € | -21.3% | 34 k € | -42.2% | 58,8 k € | -2.3% | 60,2 k € |
| Net result | 761 k € | +21.7% | 625,6 k € | +161% | 239,2 k € | +10.9% | 215,7 k € | +143% | 88,9 k € | -57.5% | 209,4 k € | +634% | 28,5 k € | -53.9% | 62 k € | +50.1% | 41,3 k € | -65.1% | 118,2 k € | -32.8% | 175,9 k € | -19.5% | 218,4 k € | +66.4% | 131,3 k € | -0.0% | 131,3 k € | +928% | 12,8 k € | -73.0% | 47,3 k € | +133% | 20,3 k € | -18.4% | 24,9 k € | -38.2% | 40,3 k € | +1.6% | 39,7 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 1,1 M € | +46.5% | 777,1 k € | +25.9% | 617,2 k € | -0.1% | 618 k € | +2.6% | 602,2 k € | 0.0% | 602,2 k € | +49.7% | 402,4 k € | +7.6% | 373,9 k € | +19.9% | 311,9 k € | +15.3% | 270,6 k € | -38.1% | 437,4 k € | +55.4% | 281,5 k € | -24.9% | 374,8 k € | +53.9% | 243,5 k € | -13.7% | 282,2 k € | +4.7% | 269,4 k € | +21.3% | 222,1 k € | +5.6% | 210,3 k € | +8.4% | 193,9 k € | +19.6% | 162,1 k € |
| Total assets | 3,6 M € | +17.7% | 3,1 M € | +33.3% | 2,3 M € | +14.7% | 2 M € | -1.0% | 2 M € | +8.5% | 1,9 M € | +12.7% | 1,7 M € | -5.5% | 1,8 M € | -14.3% | 2,1 M € | +133% | 880,8 k € | -15.4% | 1 M € | -28.9% | 1,5 M € | +17.3% | 1,2 M € | +5.8% | 1,2 M € | -4.6% | 1,2 M € | +7.8% | 1,1 M € | +365% | 246,1 k € | +1.8% | 241,9 k € | +4.7% | 231,1 k € | +9.0% | 212,1 k € |
| Cash | 428,8 k € | -1.7% | 436 k € | +135% | 185,5 k € | +85.1% | 100,2 k € | -49.8% | 199,7 k € | -6.2% | 212,8 k € | -3.8% | 221,1 k € | +69.2% | 130,7 k € | -49.2% | 257 k € | -17.5% | 311,5 k € | -7.2% | 335,6 k € | -43.5% | 593,9 k € | +52.6% | 389,2 k € | +785% | 44 k € | -64.7% | 124,6 k € | -46.6% | 233,2 k € | +2550% | 8,8 k € | -70.9% | 30,3 k € | -9.9% | 33,6 k € | +195% | 11,4 k € |
| Debts | 2,5 M € | +7.9% | 2,3 M € | +36.4% | 1,7 M € | +21.0% | 1,4 M € | -2.3% | 1,4 M € | +15.0% | 1,2 M € | +0.9% | 1,2 M € | -7.2% | 1,3 M € | -23.7% | 1,7 M € | +184% | 610,1 k € | +1.2% | 602,9 k € | -46.1% | 1,1 M € | +37.8% | 812,4 k € | -13.1% | 934,8 k € | -1.9% | 952,5 k € | +8.8% | 875,5 k € | +3552% | 24 k € | -22.4% | 30,9 k € | -15.7% | 36,7 k € | -24.9% | 48,8 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 21,7 ETP | +38.2% | 15,7 ETP | +21.7% | 12,9 ETP | +34.4% | 9,6 ETP | +1.1% | 9,5 ETP | +13.1% | 8,4 ETP | +20.0% | 7,0 ETP | -1.4% | 7,1 ETP | +6.0% | 6,7 ETP | +42.6% | 4,7 ETP | +42.4% | 3,3 ETP | -5.7% | 3,5 ETP | -7.9% | 3,8 ETP | -20.8% | 4,8 ETP | +9.1% | 4,4 ETP | +22.2% | 3,6 ETP | – | – | – | – | ||||
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 19 ended
Active mandates
Active
Active
Active
VINCENT PIERLET
ActiveActive
SELIM EL HANI
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
UNITE WARUPA● Active | 0670.732.135 |
WARUPA GROUP● Active | 0659.842.696 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 21/08/2026 | 10/10/2025 | 23/08/2024 | 31/08/2023 | 04/10/2022 | 31/08/2021 |
| General meeting | 18/08/2026 | 01/03/2025 | 20/06/2024 | 04/03/2023 | 05/03/2022 | 06/03/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
21 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 18/08/2026 | 21/08/2026 | French | |
| Abridged model | 31/12/2024 | 01/03/2025 | 10/10/2025 | French | |
| Abridged model | 31/12/2023 | 20/06/2024 | 23/08/2024 | French | |
| Abridged model | 31/12/2022 | 04/03/2023 | 31/08/2023 | French | |
| Abridged modelCorrection | 31/12/2021 | 05/03/2022 | 04/10/2022 | French | |
| Abridged model | 31/12/2021 | 05/03/2022 | 20/09/2022 | French | |
| Abridged model | 31/12/2020 | 06/03/2021 | 31/08/2021 | French | |
| Abridged model | 31/12/2019 | 07/03/2020 | 31/08/2020 | French | |
| Abridged model | 31/12/2018 | 02/03/2019 | 23/08/2019 | French | |
| Abridged model | 31/12/2017 | 03/03/2018 | 02/08/2018 | French | |
| Abridged model | 31/12/2016 | 30/06/2017 | 31/08/2017 | French | |
| Abridged model | 31/12/2015 | 30/06/2016 | 30/08/2016 | French | |
| Abridged model | 31/12/2014 | 30/06/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 30/06/2014 | 29/08/2014 | French | |
| Abridged model | 31/12/2012 | 28/06/2013 | 30/08/2013 | French | |
| Abridged model | 31/12/2011 | 29/06/2012 | 27/08/2012 | French | |
| Abridged model | 31/12/2010 | 30/06/2011 | 29/08/2011 | French | |
| Abridged model | 31/12/2009 | 02/06/2010 | 31/08/2010 | French | |
| Abridged model | 31/12/2008 | 30/06/2009 | 10/08/2009 | French | |
| Abridged model | 31/12/2007 | 30/06/2008 | 29/07/2008 | French | |
| Abridged model | 31/12/2006 | 30/06/2007 | 31/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 6 active · 19 ended
Active mandates
Active
Active
Active
VINCENT PIERLET
ActiveActive
SELIM EL HANI
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/08/2026DEMISSION D'UN ADMINISTRATEUR
- Mandates30/01/2025DEMISSIONS, NOMINATIONS
- Restructuring10/10/2024DENOMINATION - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring11/07/2024RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates22/12/2023DEMISSIONS, NOMINATIONS
- Restructuring01/12/2023RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Mandates20/09/2023DEMISSIONS, NOMINATIONS
- Mandates06/07/2021DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025761 k €↑
- 2024Annual accounts 2024625,6 k €↑
- 2024Name changeSMART GROUP
- 2023Annual accounts 2023239,2 k €↑
- 2022Annual accounts 2022215,7 k €↑
- 2021Annual accounts 202188,9 k €↓
- 2021Name changeWARUPA
- 2020Annual accounts 2020209,4 k €↑
- 2019Annual accounts 201928,5 k €↓
- 2018Annual accounts 201862 k €↑
- 2017Annual accounts 201741,3 k €↓
- 2016Annual accounts 2016118,2 k €↓
- 2015Annual accounts 2015175,9 k €↓
- 2014Annual accounts 2014218,4 k €↑
- 2013Annual accounts 2013131,3 k €↓
- 2012Annual accounts 2012131,3 k €↑
- 2011Annual accounts 201112,8 k €↓
- 2010Annual accounts 201047,3 k €↑
- 2009Annual accounts 200920,3 k €↓
- 2008Annual accounts 200824,9 k €↓
- 2007Annual accounts 200740,3 k €↑
- 2006Annual accounts 200639,7 k €
- 24/01/1985IncorporationPrivate limited company