ACTIVE

Smart MSquare

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Financial year 2025 · Closed on 31/12/2025

Net result
278,9 k €
+2,8 %over 1 year
Gross margin
527,5 k €
+4,0 %over 1 year
Equity
416,6 k €
-46,8 %over 1 year
Workforce
1,2 ETP
-20,0 %over 1 year

Identity

Source · BCE/KBO

Smart MSquare is a Private limited company incorporated in 2016. Its main activity is: Other business support service activities n.e.c.. Its registered office is in Wingene. It employs on average 1,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0649.572.475
Incorporation
02/03/2016
Legal form
Private limited company
Registered office
Hoogstraat 6
8750 Wingene · FlandreSee on map
Contributed capital
18 550,00 €
Latest accounts
31/12/2025
Average workforce
1,2 ETP
Contacts
3 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 9 filings

Trend over 9 financial years

20252024202320222021
Income statement
Gross margin527,5 k €507,2 k €425,7 k €293,5 k €278,2 k €
EBITDA426,6 k €391,1 k €308,6 k €190 k €181,8 k €
Operating result370,1 k €349,3 k €262 k €170,9 k €156,6 k €
Net result278,9 k €271,3 k €176,7 k €116,8 k €107,5 k €
Balance sheet
Equity416,6 k €783,2 k €633,3 k €482,8 k €365,3 k €
Total assets824,8 k €1 M €756,1 k €547,1 k €430,7 k €
Cash136,3 k €243,7 k €262,8 k €162,7 k €251,4 k €
Debts408,2 k €230,1 k €122,8 k €64,2 k €65,5 k €
Other
Workforce1,2 ETP1,5 ETP1,5 ETP1,5 ETP1,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 2 ended

Active mandates

Emanuel Marreel

Director

Active
Michael Marreel

Director

Active

Ended mandates

Emanuel Marreel

Manager

Ended
Michael Marreel

Manager

Ended

Full financial information

Source · NBB
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 date22/07/202628/08/202529/08/202431/08/202330/08/202225/08/2021
General meeting26/06/202606/06/202507/06/202418/08/202324/08/202211/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 9 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202622/07/2026DutchPDF
Abridged model31/12/202406/06/202528/08/2025DutchPDF
Abridged model31/12/202307/06/202429/08/2024DutchPDF
Abridged model31/12/202218/08/202331/08/2023DutchPDF
Abridged model31/12/202124/08/202230/08/2022DutchPDF
Abridged model31/12/202011/08/202125/08/2021DutchPDF
Abridged model31/12/201920/07/202008/09/2020DutchPDF
Abridged model31/12/201809/08/201914/08/2019DutchPDF
Abridged model31/12/201702/07/201831/08/2018DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

2 active · 2 ended

Active mandates

Emanuel Marreel

Director

Active
Michael Marreel

Director

Active

Ended mandates

Emanuel Marreel

Manager

Ended
Michael Marreel

Manager

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates10/06/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/03/2016
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025278,9 k €↑
  2. 2024
    Annual accounts 2024271,3 k €↑
  3. 2023
    Annual accounts 2023176,7 k €↑
  4. 2022
    Annual accounts 2022116,8 k €↑
  5. 2021
    Annual accounts 2021107,5 k €↑
  6. 2020
    Annual accounts 202098,6 k €↓
  7. 2019
    Annual accounts 2019121,6 k €↑
  8. 2018
    Annual accounts 201833,7 k €↑
  9. 2017
    Annual accounts 2017-5,9 k €
  10. 02/03/2016
    IncorporationPrivate limited company