ACTIVE

SMARTBIT

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Financial year 2018 · closed on 31/08/2018

Net result

318,3 k €

+35.0% YoY

Gross margin

2,1 M €

+17.0% YoY

Equity

798,2 k €

+0.7% YoY

What does SMARTBIT do?

SMARTBIT is a Limited partnership incorporated in 2003. Its main activity is: Computer programming activities. Its registered office is in Oudsbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.803.174

Incorporation

19/03/2003

Legal form

Limited partnership

Registered office

Hoogstraat 13
3670 Oudsbergen · FlandreSee on map

Latest accounts

31/08/2019

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 72600Scientific research and development+3

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	2,1 M €	+17.0%	1,8 M €	+20.7%	1,5 M €	+40.5%	1,1 M €	+21.8%	866,7 k €	+13.3%	765,3 k €	+19.4%	641,2 k €	+20.3%	533,1 k €	-3.3%	551,2 k €	-23.3%	718,4 k €	-12.3%	819,6 k €	+173%	300 k €
EBITDA	965,9 k €	+24.4%	776,7 k €	+36.0%	571 k €	+123%	256,3 k €	+9.7%	233,6 k €	-0.2%	234,1 k €	+26.2%	185,5 k €	+26.7%	146,4 k €	-25.6%	196,7 k €	-53.4%	422,4 k €	-15.9%	502,5 k €	+192%	172,1 k €
Operating result	504,6 k €	+38.1%	365,3 k €	+218%	114,8 k €	+1796%	6,1 k €	-65.4%	17,5 k €	-42.3%	30,3 k €	-34.4%	46,2 k €	+376%	-16,7 k €	-123%	72,5 k €	-77.4%	321,2 k €	-17.0%	386,9 k €	+249%	110,8 k €
Net result	318,3 k €	+35.0%	235,8 k €	+149%	94,9 k €	+715%	11,6 k €	-49.9%	23,2 k €	-37.0%	36,8 k €	-12.1%	41,9 k €	+246%	12,1 k €	-87.6%	97,8 k €	-49.4%	193,2 k €	-27.4%	266 k €	+240%	78,3 k €
Balance sheet
Equity	798,2 k €	+0.7%	792,5 k €	+0.9%	785,7 k €	+13.7%	690,9 k €	+1.7%	679,2 k €	-5.0%	714,7 k €	+3.3%	691,7 k €	+4.2%	663,5 k €	+1.9%	651,4 k €	+14.8%	567,5 k €	+51.3%	375,1 k €	+241%	109,9 k €
Total assets	2 M €	-5.3%	2,1 M €	-25.1%	2,8 M €	+52.6%	1,8 M €	+11.4%	1,6 M €	-1.9%	1,7 M €	+37.9%	1,2 M €	+9.1%	1,1 M €	-29.2%	1,6 M €	+14.8%	1,4 M €	+46.2%	940,3 k €	+31.2%	716,8 k €
Cash	366,9 k €	+44.3%	254,3 k €	-81.9%	1,4 M €	+60.1%	876 k €	-0.9%	883,6 k €	-0.2%	885,7 k €		–		–		–		–		462,3 k €	-5.3%	488,4 k €
Debts	1,2 M €	-9.5%	1,3 M €	-35.2%	2 M €	+76.1%	1,1 M €	+18.2%	969,3 k €	+0.3%	966,2 k €	+83.4%	526,9 k €	+16.1%	453,8 k €	-51.0%	926,5 k €	+14.8%	807 k €	+42.8%	565,2 k €	+126%	250,5 k €
Other
Workforce	17,9 ETP	+8.5%	16,5 ETP	+10.7%	14,9 ETP	-0.7%	15,0 ETP	+36.4%	11,0 ETP	+19.6%	9,2 ETP	+15.0%	8,0 ETP	+14.3%	7,0 ETP	+9.4%	6,4 ETP	+18.5%	5,4 ETP	+1.9%	5,3 ETP	+39.5%	3,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/08/2019 · 2 active · 3 ended

Active mandates

Geert Schuer

Director

Active

Jan Schuer

Director

Active

Ended mandates

Jan SCHUER

Mandate · since 25 février 2014

Ended

Geert SCHUER

Manager · since 01 octobre 2008

Ended

Jan SCHUER

Manager · since 27 mars 2003

Ended

Annual accounts

Full financial information

	2019	2018	2017	2016	2015	2014
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/09/2018	01/09/2017	01/09/2016	01/09/2015	01/09/2014	01/09/2013
Closing of the financial year	31/08/2019	31/08/2018	31/08/2017	31/08/2016	31/08/2015	31/08/2014
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/02/2020	28/02/2019	12/02/2018	28/02/2017	25/02/2016	24/02/2015
General meeting	24/01/2020	25/01/2019	26/01/2018	27/01/2017	29/01/2016	30/01/2015
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/08/2019	24/01/2020	19/02/2020	Dutch	PDF
Abridged model	31/08/2018	25/01/2019	28/02/2019	Dutch	PDF
Abridged model	31/08/2017	26/01/2018	12/02/2018	Dutch	PDF
Abridged model	31/08/2016	27/01/2017	28/02/2017	Dutch	PDF
Abridged model	31/08/2015	29/01/2016	25/02/2016	Dutch	PDF
Abridged model	31/08/2014	30/01/2015	24/02/2015	Dutch	PDF
Abridged model	31/08/2013	31/01/2014	28/02/2014	Dutch	PDF
Abridged model	31/08/2012	25/01/2013	28/02/2013	Dutch	PDF
Abridged model	31/08/2011	27/01/2012	28/02/2012	Dutch	PDF
Abridged model	31/08/2010	28/01/2011	28/02/2011	Dutch	PDF
Abridged model	31/08/2009	15/01/2010	26/02/2010	Dutch	PDF
Abridged model	31/08/2008	23/01/2009	27/02/2009	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	27/07/2007	Dutch	PDF

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.

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 31/08/2019 · 2 active · 3 ended

Active mandates

Geert Schuer

Director

Active

Jan Schuer

Director

Active

Ended mandates

Jan SCHUER

Mandate · since 25 février 2014

Ended

Geert SCHUER

Manager · since 01 octobre 2008

Ended

Jan SCHUER

Manager · since 27 mars 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/01/2022
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring03/09/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates27/08/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring29/06/2020
WIJZIGING RECHTSVORM - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares07/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2018
Annual accounts 2018318,3 k €↑
2017
Annual accounts 2017235,8 k €↑
2016
Annual accounts 201694,9 k €↑
2015
Annual accounts 201511,6 k €↓
2014
Annual accounts 201423,2 k €↓
2013
Annual accounts 201336,8 k €↓
2012
Annual accounts 201241,9 k €↑
2011
Annual accounts 201112,1 k €↓
2010
Annual accounts 201097,8 k €↓
2009
Annual accounts 2009193,2 k €↓
2008
Annual accounts 2008266 k €↑
2006
Annual accounts 200678,3 k €
19/03/2003
IncorporationLimited partnership

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

SMARTBIT

Overview

What does SMARTBIT do?

Trend over 12 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