ACTIVE

SMART GROUP

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Financial year 2025 · Closed on 31/12/2025

Net result761 k €+21,7 %over 1 year

Gross margin2,7 M €+25,0 %over 1 year

Equity1,1 M €+46,5 %over 1 year

Workforce21,7 ETP+38,2 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital: 100 000,00 €
Latest accounts: 31/12/2025
Average workforce: 21,7 ETP

Activities (NACE)

66220Activities of insurance agents and brokers· main 66220Activities of insurance agents and brokers 69201Accounting, bookkeeping and auditing activities; tax consultancy 69209Accounting, bookkeeping and auditing activities; tax consultancy 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding+10

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	1,5 M €	+24.6%	1,2 M €	+108%	571,5 k €	+11.2%	513,9 k €	+65.4%	310,7 k €
Operating result	1,1 M €	+23.5%	879,1 k €	+144%	359,6 k €	+13.9%	315,6 k €	+117%	145,6 k €
Net result	761 k €	+21.7%	625,6 k €	+161%	239,2 k €	+10.9%	215,7 k €	+143%	88,9 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 €
Total assets	3,6 M €	+17.7%	3,1 M €	+33.3%	2,3 M €	+14.7%	2 M €	-1.0%	2 M €
Cash	428,8 k €	-1.7%	436 k €	+135%	185,5 k €	+85.1%	100,2 k €	-49.8%	199,7 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 €
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

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LEOCAM0739.729.819Represented by CAROLINE MAQUET	Directorsince 30/09/2024
BC-D0774.941.512Represented by BRICE COLLARD	Director01/10/2023 → 30/09/2028
GSE CONSULTING0776.648.019Represented by GILLES SEUTIN	Director01/10/2023 → 30/09/2028
VINCENT PIERLET	Directorsince 01/10/2023
WARUPA GROUP0659.842.696Represented by HENRY DE MARNEFFE	Director23/12/2016 → 30/09/2028Managing director23/12/2016 → 22/12/2022ended
SELIM EL HANI	Directorsince 03/07/2013Managing director01/10/2016 → 2020 accountsendedAdministrator - manager01/10/2016 → 30/09/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BRICE COLLARD	Director12/10/2020 → 2020 accounts
GILLES SEUTIN	Director01/10/2020 → 2020 accounts
ARCO FINANCES0668.897.152	Director01/01/2018 → 31/07/2020Administrator - manager01/01/2018 → 2022 accounts

Other companies at this address

Avenue Reine Astrid 27 4300 Waremme

Company	CBE no.
UNITE WARUPA● Active	0670.732.135
WARUPA GROUP● Active	0659.842.696

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/08/2026	21/08/2026	French	PDF
Abridged model	31/12/2024	01/03/2025	10/10/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	23/08/2024	French	PDF
Abridged model	31/12/2022	04/03/2023	31/08/2023	French	PDF
Abridged modelCorrection	31/12/2021	05/03/2022	04/10/2022	French	PDF
Abridged model	31/12/2021	05/03/2022	20/09/2022	French	PDF
Abridged model	31/12/2020	06/03/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	07/03/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	02/03/2019	23/08/2019	French	PDF
Abridged model	31/12/2017	03/03/2018	02/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	27/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	10/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	31/08/2007	French	PDF

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 9 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
LEOCAM0739.729.819Represented by CAROLINE MAQUET	Directorsince 30/09/2024
BC-D0774.941.512Represented by BRICE COLLARD	Director01/10/2023 → 30/09/2028
GSE CONSULTING0776.648.019Represented by GILLES SEUTIN	Director01/10/2023 → 30/09/2028
VINCENT PIERLET	Directorsince 01/10/2023
WARUPA GROUP0659.842.696Represented by HENRY DE MARNEFFE	Director23/12/2016 → 30/09/2028Managing director23/12/2016 → 22/12/2022ended
SELIM EL HANI	Directorsince 03/07/2013Managing director01/10/2016 → 2020 accountsendedAdministrator - manager01/10/2016 → 30/09/2022ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BRICE COLLARD	Director12/10/2020 → 2020 accounts
GILLES SEUTIN	Director01/10/2020 → 2020 accounts
ARCO FINANCES0668.897.152	Director01/01/2018 → 31/07/2020Administrator - manager01/01/2018 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/08/2026
DEMISSION D'UN ADMINISTRATEUR
PDF
Mandates30/01/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring10/10/2024
DENOMINATION - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring11/07/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates22/12/2023
DEMISSIONS, NOMINATIONS
PDF
Restructuring01/12/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates20/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates06/07/2021
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

LEOCAM

BC-D

GSE CONSULTING

VINCENT PIERLET

WARUPA GROUP

SELIM EL HANI

BRICE COLLARD

GILLES SEUTIN

ARCO FINANCES

OLIVIER CRANINX

CELESTE WERA

Henry DE MARNEFFE

Show the 3 other mandates

19851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

SMART GROUPWARUPA

Avenue Reine Astrid 27, 4300 Waremme

Director

DirectorManaging director

DirectorManaging directorAdministrator - manager

DirectorAdministrator - manager

Director

Managing directorAdministrator - managerDirector

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue Reine Astrid 27, 4300 WaremmeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00411834

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SMART GROUPCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00411834
WARUPA	accounts 2021 → 2023	Accounts 2023 · 2024-00369894

Events

2025
Annual accounts 2025761 k €↑
2024
Annual accounts 2024625,6 k €↑
2024
Name changeSMART GROUP
2023
Annual accounts 2023239,2 k €↑
2022
Annual accounts 2022215,7 k €↑
2021
Annual accounts 202188,9 k €↓
2020
Annual accounts 2020209,4 k €↑
2019
Annual accounts 201928,5 k €↓
2018
Annual accounts 201862 k €↑
2017
Annual accounts 201741,3 k €↓
2016
Annual accounts 2016118,2 k €↓
2015
Annual accounts 2015175,9 k €↓
2014
Annual accounts 2014218,4 k €↑
2013
Annual accounts 2013131,3 k €↓
2012
Annual accounts 2012131,3 k €↑
2011
Annual accounts 201112,8 k €↓
2010
Annual accounts 201047,3 k €↑
2009
Annual accounts 200920,3 k €↓
2008
Annual accounts 200824,9 k €↓
2007
Annual accounts 200740,3 k €↑
2006
Annual accounts 200639,7 k €
24/01/1985
IncorporationPrivate limited company

SMART GROUP

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events