ACTIVE

The Smart Group

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Financial year 2025 · closed on 31/12/2025
Net result
245,5 k €
-30.2% YoY
Gross margin
2,1 M €
-9.3% YoY
Equity
1,3 M €
+22.4% YoY
Workforce
21,2 ETP
-17.5% YoY

What does The Smart Group do?

The Smart Group is a Private limited company incorporated in 2014. Its main activity is: Wireless telecommunications activities. Its registered office is in Zedelgem. It employs on average 21,2 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0554.665.992
Incorporation
19/06/2014
Legal form
Private limited company
Registered office
Torhoutsesteenweg 236
8210 Zedelgem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
21,2 ETP
Activities (NACE)
61200Wireless telecommunications activities· main61900Other telecommunications activities
Joint committees (2)
  • 14901
  • 200
Contacts
2 public details 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 10 financial years

2025202420232022202120192018201720162015
Income statement
Gross margin2,1 M €2,3 M €2 M €1,9 M €1,9 M €1,3 M €1 M €479,1 k €260,9 k €135,4 k €
EBITDA530,9 k €579,2 k €316,1 k €226,3 k €218,4 k €262,3 k €23,8 k €25,2 k €157,2 k €99,2 k €
Operating result357,6 k €466,5 k €156 k €115 k €167,2 k €223,4 k €4,9 k €16,5 k €141,3 k €95,8 k €
Net result245,5 k €352 k €98,3 k €67,3 k €121,5 k €192,6 k €-4,1 k €10,6 k €106,4 k €80,3 k €
Balance sheet
Equity1,3 M €1,1 M €815,4 k €745,1 k €685 k €214,3 k €111,8 k €115,9 k €105,2 k €48,9 k €
Total assets2,4 M €2,1 M €1,9 M €1,8 M €2 M €849,6 k €691,2 k €540,8 k €570,2 k €256,4 k €
Cash784,6 k €216,2 k €576,9 k €792,9 k €682,7 k €200,4 k €26,8 k €5 k €12,7 k €105,9 k €
Debts919,7 k €834,4 k €882,8 k €763,4 k €1,1 M €524,1 k €425,6 k €424,2 k €460,1 k €207,3 k €
Other
Workforce21,2 ETP25,7 ETP30,8 ETP27,7 ETP28,8 ETP21,0 ETP24,8 ETP11,4 ETP2,6 ETP1,0 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 31/12/2025 · 2 active · 12 ended

Active mandates

CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Renders Rob

Active
INVESTEL

Director · since 19 juin 2014 · 0880.420.795

Represented by Windels Filip

Active

Ended mandates

CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Rob RENDERS

Ended
CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Renders ROB

Ended
CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Renders ROB

Ended
INVESTEL

Director · since 19 juin 2014 · 0880.420.795

Represented by Filip WINDELS

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date25/08/202630/06/202524/06/202412/06/202328/06/202229/07/2021
General meeting01/06/202602/06/202503/06/202430/05/202307/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202625/08/2026DutchPDF
Abridged model31/12/202402/06/202530/06/2025DutchPDF
Abridged model31/12/202303/06/202424/06/2024DutchPDF
Abridged model31/12/202230/05/202312/06/2023DutchPDF
Abridged model31/12/202107/06/202228/06/2022DutchPDF
Abridged model31/12/202007/06/202129/07/2021DutchPDF
Abridged model31/12/201902/06/202030/07/2020DutchPDF
Abridged model31/12/201803/06/201930/08/2019DutchPDF
Abridged model31/12/201704/06/201830/08/2018DutchPDF
Abridged model31/12/201606/06/201726/10/2017DutchPDF
Abridged model31/12/201506/06/201627/08/2016DutchPDF
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 31/12/2025 · 2 active · 12 ended

Active mandates

CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Renders Rob

Active
INVESTEL

Director · since 19 juin 2014 · 0880.420.795

Represented by Windels Filip

Active

Ended mandates

CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Rob RENDERS

Ended
CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Renders ROB

Ended
CYLBYD

Director · since 19 juin 2014 · 0887.200.206

Represented by Renders ROB

Ended
INVESTEL

Director · since 19 juin 2014 · 0880.420.795

Represented by Filip WINDELS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/09/2021
    WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/04/2017
    DIVERSEN
    PDF
  • Registered office06/05/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other02/07/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025245,5 k €↓
  2. 2024
    Annual accounts 2024352 k €↑
  3. 2023
    Annual accounts 202398,3 k €↑
  4. 2022
    Annual accounts 202267,3 k €↓
  5. 2021
    Annual accounts 2021121,5 k €↓
  6. 2019
    Annual accounts 2019192,6 k €↑
  7. 2018
    Annual accounts 2018-4,1 k €↓
  8. 2017
    Annual accounts 201710,6 k €↓
  9. 2016
    Annual accounts 2016106,4 k €↑
  10. 2015
    Annual accounts 201580,3 k €
  11. 19/06/2014
    IncorporationPrivate limited company