ACTIVE

SMARTWATT

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Financial year 2025 · closed on 30/06/2025

Net result

1,6 k €

-99.3% YoY

Gross margin

168,7 k €

-67.9% YoY

Equity

412,9 k €

+0.4% YoY

Workforce

2,0 ETP

What does SMARTWATT do?

SMARTWATT is a Private limited company incorporated in 2003. Its main activity is: Electrical installation. Its registered office is in Genappe. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.565.327

Incorporation

17/02/2003

Legal form

Private limited company

Registered office

Chemin des Casses 2
1472 Genappe · WallonieSee on map

Contributed capital

8 060,00 €

Latest accounts

30/06/2025

Average workforce

2,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2022		2021		2020		2019		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	168,7 k €	-67.9%	526 k €	+380%	109,6 k €	+79.9%	60,9 k €	+110%	29 k €	-63.5%	79,5 k €	+38.4%	57,4 k €	-7.9%	62,3 k €	+19.0%	52,4 k €	+130%	22,7 k €	-70.1%	76 k €	+28.4%	59,1 k €	+0.1%	59,1 k €	-42.4%	102,5 k €	+6.6%	96,2 k €
EBITDA	11 k €	-96.7%	335,9 k €	+661%	44,1 k €	+20.6%	36,6 k €	+80.5%	20,3 k €	-67.2%	61,9 k €	+190%	21,4 k €	-24.1%	28,2 k €	+54.1%	18,3 k €	+216%	-15,8 k €	-138%	41,4 k €	+67.0%	24,8 k €	+5.1%	23,6 k €	-65.7%	68,8 k €	+7.9%	63,8 k €
Operating result	-7,8 k €	-103%	306 k €	+1073%	26,1 k €	+33.2%	19,6 k €	+212%	6,3 k €	-87.8%	51,5 k €	+1259%	3,8 k €	-78.8%	17,9 k €	+129%	7,8 k €	+127%	-29,3 k €	-171%	41,4 k €	+93.5%	21,4 k €	+51.2%	14,2 k €	-76.1%	59,3 k €	+4.4%	56,8 k €
Net result	1,6 k €	-99.3%	231,2 k €	+794%	25,9 k €	+31.6%	19,7 k €	+238%	5,8 k €	-87.9%	48 k €	+873%	4,9 k €	-67.7%	15,3 k €	-51.8%	31,7 k €	+208%	-29,4 k €	-170%	42,1 k €	+118%	19,3 k €	+104%	9,4 k €	-82.4%	53,6 k €	+3.8%	51,6 k €
Balance sheet
Equity	412,9 k €	+0.4%	411,3 k €	+128%	180,1 k €	+16.8%	154,2 k €	+14.6%	134,6 k €	+4.5%	128,8 k €	-36.8%	203,7 k €	+2.5%	198,7 k €	+8.3%	183,4 k €	+20.9%	151,7 k €	-16.2%	181,1 k €	+10.4%	164,1 k €	+5.3%	155,8 k €	+6.4%	146,4 k €	+19.2%	122,8 k €
Total assets	470,5 k €	-7.4%	508,2 k €	+166%	191 k €	+19.2%	160,2 k €	-0.5%	161 k €	+13.1%	142,4 k €	-38.6%	231,7 k €	+4.6%	221,6 k €	+4.7%	211,6 k €	+2.5%	206,4 k €	-15.9%	245,6 k €	+14.2%	215,1 k €	+5.7%	203,5 k €	-6.0%	216,5 k €	+26.3%	171,5 k €
Cash	21,6 k €	+104%	10,6 k €	-66.3%	31,5 k €	-44.6%	56,8 k €	+5.2%	54 k €	+378%	11,3 k €	-89.6%	108,7 k €	+3.5%	105 k €	+85.8%	56,5 k €	-37.1%	89,9 k €	-35.4%	139,1 k €	-3.4%	143,9 k €	-15.1%	169,6 k €	-3.9%	176,4 k €	+229%	53,6 k €
Debts	57,6 k €	-40.5%	96,9 k €	+791%	10,9 k €	+83.5%	5,9 k €	-77.6%	26,4 k €	+94.2%	13,6 k €	-51.5%	28,1 k €	+22.8%	22,9 k €	-18.9%	28,2 k €	+4.2%	27,1 k €	-58.0%	64,4 k €	+26.4%	51 k €	+6.9%	47,7 k €	-32.0%	70,1 k €	+44.0%	48,7 k €
Other
Workforce	2,0 ETP		–		–		1,0 ETP	+150%	0,4 ETP	-42.9%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	0.0%	0,7 ETP	-30.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 2 ended

Active mandates

Daniel GALINSKI

Mandate

Active

Ended mandates

Daniel GALINSKI

Manager · since 30 juin 2017

Ended

Jerzy Galinski

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2022	2021	2020	2019
Type of account	Abridged model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	30/06/2024	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	11/02/2026	27/02/2025	21/03/2024	29/12/2022	11/11/2021	07/10/2020
General meeting	15/12/2025	15/12/2024	18/05/2023	19/05/2022	21/05/2021	15/05/2020
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	15/12/2025	11/02/2026	French	PDF
Micro model	30/06/2024	15/12/2024	27/02/2025	French	PDF
Micro model	31/12/2022	18/05/2023	21/03/2024	French	PDF
Abridged model	31/12/2021	19/05/2022	29/12/2022	French	PDF
Abridged model	31/12/2020	21/05/2021	11/11/2021	French	PDF
Abridged model	31/12/2019	15/05/2020	07/10/2020	French	PDF
Abridged model	31/12/2016	05/05/2017	30/09/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	29/09/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	30/11/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	24/03/2015	French	PDF
Abridged model	31/12/2012	28/06/2013	05/11/2013	French	PDF
Abridged model	31/12/2011	29/06/2012	25/10/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	24/11/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	04/07/2011	French	PDF
Abridged model	31/12/2008	30/06/2009	01/03/2010	French	PDF
Abridged model	31/12/2007	30/06/2008	01/03/2010	French	PDF
Abridged model	31/12/2006	29/06/2007	01/03/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 1 active · 2 ended

Active mandates

Daniel GALINSKI

Mandate

Active

Ended mandates

Daniel GALINSKI

Manager · since 30 juin 2017

Ended

Jerzy Galinski

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other21/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE - ANNEE COMPTABLE - MODIFICATION FORME JURIDIQUE
PDF
Mandates16/11/2022
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates08/09/2017
DEMISSIONS, NOMINATIONS
PDF
Other25/02/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 20251,6 k €↓
2024
Annual accounts 2024231,2 k €↑
2022
Annual accounts 202225,9 k €↑
2021
Annual accounts 202119,7 k €↑
2020
Annual accounts 20205,8 k €↓
2019
Annual accounts 201948 k €↑
2016
Annual accounts 20164,9 k €↓
2015
Annual accounts 201515,3 k €↓
2014
Annual accounts 201431,7 k €↑
2013
Annual accounts 2013-29,4 k €↓
2012
Annual accounts 201242,1 k €↑
2011
Annual accounts 201119,3 k €↑
2010
Annual accounts 20109,4 k €↓
2009
Annual accounts 200953,6 k €↑
2008
Annual accounts 200851,6 k €
17/02/2003
IncorporationPrivate 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

SMARTWATT

Overview

What does SMARTWATT do?

Trend over 15 financial years

Indicative valuation

Board of directors

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