ACTIVE

SMART

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Financial year 2024 · closed on 31/12/2024

Net result

1,3 M €

-41.2% YoY

Revenue

34,3 M €

+0.8% YoY

Equity

9,4 M €

+15.4% YoY

Workforce

29,7 ETP

+17.4% YoY

What does SMART do?

SMART is a Public limited company incorporated in 1992. Its main activity is: Manufacture of games and toys. Its registered office is in Kontich. It employs on average 29,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0448.827.611

Incorporation

07/12/1992

Legal form

Public limited company

Registered office

Neerveld 14
2550 Kontich · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2024

Average workforce

29,7 ETP

Activities (NACE)

32400Manufacture of games and toys· main 32400Manufacture of games and toys 46496Wholesale of other household goods 46496Wholesale of other household goods 51476Air transport 73110Advertising agencies+2

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	34,3 M €	+0.8%	34 M €	+12.2%	30,3 M €	+7.6%	28,2 M €	+12.5%	25,1 M €	+4.1%	24,1 M €	+30.8%	18,4 M €	+7.7%	17,1 M €	+42.4%	12 M €	-1.4%	12,2 M €		–		–		–		–		–		–		–		–		–
EBITDA	1,9 M €	-55.5%	4,3 M €	+63.1%	2,7 M €	-32.2%	3,9 M €	+18.3%	3,3 M €	+10.3%	3 M €	+67.9%	1,8 M €	-0.9%	1,8 M €	+71.5%	1,1 M €	+24.8%	842,1 k €	-37.6%	1,3 M €	+107%	651,5 k €	-32.7%	968,1 k €	+44.5%	669,8 k €	-2.7%	688,3 k €	+49.8%	459,4 k €	+103%	226,8 k €	-35.9%	353,8 k €	+14.7%	308,5 k €
Operating result	1,8 M €	-36.7%	2,8 M €	+62.8%	1,7 M €	-44.1%	3,1 M €	+22.9%	2,5 M €	+25.6%	2 M €	+35.0%	1,5 M €	+61.5%	922 k €	+246%	266,4 k €	-22.1%	341,8 k €	-56.2%	780,6 k €	+110%	371,5 k €	-43.5%	657,6 k €	+50.3%	437,6 k €	+8.3%	404 k €	+63.7%	246,8 k €	+92.4%	128,3 k €	-28.5%	179,4 k €	+14.0%	157,3 k €
Net result	1,3 M €	-41.2%	2,1 M €	+62.6%	1,3 M €	-41.3%	2,2 M €	+28.3%	1,7 M €	+29.5%	1,3 M €	+32.5%	1 M €	+70.9%	592,3 k €	+277%	157,2 k €	-92.3%	2 M €	+119%	932,7 k €	+56.2%	597 k €	-51.1%	1,2 M €	+31.4%	929,6 k €	+52.4%	609,9 k €	+301%	151,9 k €	+1544%	-10,5 k €	-113%	82 k €	+106%	39,9 k €
Balance sheet
Equity	9,4 M €	+15.4%	8,1 M €	+35.4%	6 M €	-34.7%	9,2 M €	+31.9%	7 M €	+17.2%	6 M €	+6.1%	5,6 M €	-3.2%	5,8 M €	+2.9%	5,6 M €	-3.0%	5,8 M €	+8.8%	5,3 M €	+21.2%	4,4 M €	+15.7%	3,8 M €	+47.3%	2,6 M €	+54.0%	1,7 M €	+173%	614,5 k €	+18.5%	518,5 k €	-2.0%	529 k €	+18.3%	447 k €
Total assets	22,1 M €	+6.4%	20,8 M €	+11.8%	18,6 M €	+1.8%	18,3 M €	+10.9%	16,5 M €	+14.5%	14,4 M €	-2.9%	14,8 M €	+15.2%	12,9 M €	-1.1%	13 M €	+11.3%	11,7 M €	+23.3%	9,5 M €	+14.1%	8,3 M €	+24.9%	6,7 M €	+49.7%	4,4 M €	+38.1%	3,2 M €	+67.3%	1,9 M €	-5.3%	2 M €	-4.2%	2,1 M €	+22.9%	1,7 M €
Cash	801,7 k €	-63.0%	2,2 M €	+63.5%	1,3 M €	-56.2%	3 M €	-33.9%	4,6 M €	+97.8%	2,3 M €	+92.9%	1,2 M €	+25.3%	957,6 k €	-28.8%	1,3 M €	+44.2%	932,6 k €	-18.2%	1,1 M €	-23.6%	1,5 M €	+78.1%	837,9 k €	+135%	356,1 k €	-1.1%	359,9 k €	+40.0%	257,2 k €	+532%	40,7 k €	-78.4%	188,6 k €	+131%	81,5 k €
Debts	12,7 M €	+0.6%	12,6 M €	+1.0%	12,5 M €	+39.6%	9 M €	-5.1%	9,4 M €	+12.4%	8,4 M €	-8.6%	9,2 M €	+31.1%	7 M €	+1.1%	6,9 M €	+19.9%	5,8 M €	+41.1%	4,1 M €	+4.7%	3,9 M €	+37.2%	2,9 M €	+55.8%	1,8 M €	+24.8%	1,5 M €	+16.5%	1,3 M €	-16.4%	1,5 M €	-5.4%	1,6 M €	+24.6%	1,3 M €
Other
Workforce	29,7 ETP	+17.4%	25,3 ETP	+19.9%	21,1 ETP	+7.1%	19,7 ETP	+7.7%	18,3 ETP	+13.0%	16,2 ETP	+21.8%	13,3 ETP	+1.5%	13,1 ETP	-21.6%	16,7 ETP	+2.5%	16,3 ETP	+10.1%	14,8 ETP	+10.4%	13,4 ETP	-3.6%	13,9 ETP	+16.8%	11,9 ETP	+63.0%	7,3 ETP	+23.7%	5,9 ETP	0.0%	5,9 ETP	+5.4%	5,6 ETP	+30.2%	4,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 33 ended

Active mandates

ARIANE VAN DEN BOSSCHE

Director · since 27 juillet 2022 · until 24 juin 2030

Active

GREEN SPIRIT INDUSTRIES

Director · since 27 juillet 2022 · until 24 juin 2030 · 0447.811.683

Represented by JEAN-LUC HEUZER

Active

ROLF VANDOREN

Managing director · since 27 juillet 2022 · until 24 juin 2030

Active

Ended mandates

ARIANE VAN DEN BOSSCHE

Director · since 27 juillet 2022 · until 26 juin 2028

Ended

GREEN SPIRIT INDUSTRIES

Director · since 27 juillet 2022 · until 26 juin 2028 · 0447.811.683

Represented by JEAN-LUC HEUZER

Ended

ROLF VANDOREN

Managing director · since 27 juillet 2022 · until 26 juin 2028

Ended

ARIANE VAN DEN BOSSCHE

Director · since 27 septembre 2016 · until 27 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
BIOTOPIA● Active	0465.961.175
KAAIMAN LIFESTYLE● Active	0871.965.563
SMART INDUSTRIES● Active	0403.631.945
Smart Products● Active	0462.447.894
WOLVENNEST● Active	0403.660.352

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/07/2025	13/01/2025	05/01/2024	28/07/2022	26/07/2021	10/12/2020
General meeting	10/07/2025	10/01/2025	03/10/2023	27/07/2022	26/07/2021	12/11/2020
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

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	10/07/2025	11/07/2025	Dutch	PDF
Full model	31/12/2023	10/01/2025	13/01/2025	Dutch	PDF
Full model	31/12/2022	03/10/2023	05/01/2024	Dutch	PDF
Full model	31/12/2021	27/07/2022	28/07/2022	Dutch	PDF
Full model	31/12/2020	26/07/2021	26/07/2021	Dutch	PDF
Full model	31/12/2019	12/11/2020	10/12/2020	Dutch	PDF
Full model	31/12/2018	30/09/2019	17/10/2019	Dutch	PDF
Full model	31/12/2017	30/10/2018	07/11/2018	Dutch	PDF
Full model	31/12/2016	19/06/2017	23/06/2017	Dutch	PDF
Full model	31/12/2015	27/09/2016	16/12/2016	Dutch	PDF
Abridged model	31/12/2014	20/11/2015	25/11/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	24/09/2014	Dutch	PDF
Abridged model	31/12/2012	24/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	27/06/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	28/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	25/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 33 ended

Active mandates

ARIANE VAN DEN BOSSCHE

Director · since 27 juillet 2022 · until 24 juin 2030

Active

GREEN SPIRIT INDUSTRIES

Director · since 27 juillet 2022 · until 24 juin 2030 · 0447.811.683

Represented by JEAN-LUC HEUZER

Active

ROLF VANDOREN

Managing director · since 27 juillet 2022 · until 24 juin 2030

Active

Ended mandates

ARIANE VAN DEN BOSSCHE

Director · since 27 juillet 2022 · until 26 juin 2028

Ended

GREEN SPIRIT INDUSTRIES

Director · since 27 juillet 2022 · until 26 juin 2028 · 0447.811.683

Represented by JEAN-LUC HEUZER

Ended

ROLF VANDOREN

Managing director · since 27 juillet 2022 · until 26 juin 2028

Ended

ARIANE VAN DEN BOSSCHE

Director · since 27 septembre 2016 · until 27 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/01/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/12/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/01/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20232,1 M €↑
2022
Annual accounts 20221,3 M €↓
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 20201,7 M €↑
2019
Annual accounts 20191,3 M €↑
2018
Annual accounts 20181 M €↑
2017
Annual accounts 2017592,3 k €↑
2016
Annual accounts 2016157,2 k €↓
2015
Annual accounts 20152 M €↑
2014
Annual accounts 2014932,7 k €↑
2013
Annual accounts 2013597 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011929,6 k €↑
2010
Annual accounts 2010609,9 k €↑
2009
Annual accounts 2009151,9 k €↑
2008
Annual accounts 2008-10,5 k €↓
2007
Annual accounts 200782 k €↑
2006
Annual accounts 200639,9 k €
07/12/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SMART

Overview

What does SMART do?

Trend over 19 financial years

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