ACTIVE

Smart Ends

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Financial year 2025 · closed on 31/12/2025

Net result

228,2 k €

+42.8% YoY

Gross margin

402,2 k €

+8.3% YoY

Equity

625,5 k €

+57.4% YoY

What does Smart Ends do?

Smart Ends is a Private limited company incorporated in 2017. Its main activity is: Computer programming activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0673.512.273

Incorporation

27/03/2017

Legal form

Private limited company

Registered office

Jules de Saint-Genoisstraat 123
9050 Gent · FlandreSee on map

Contributed capital

266 004,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 62010Computer programming activities 62030Computer facilities management activities+9

Joint committees (2)

200
2000

Contacts

3 public details availableLog in to view

Signals

ProfitableLow 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 8 financial years

	2025		2024		2023		2022		2021		2020		2019		2018
Income statement
Gross margin	402,2 k €	+8.3%	371,4 k €	+252%	105,4 k €	-64.2%	294,2 k €	+2.5%	287,1 k €	+499%	-71,9 k €	-473%	19,3 k €	+138%	-50,9 k €
EBITDA	321,4 k €	+24.2%	258,8 k €	+438%	48,1 k €	-77.8%	216,8 k €	-5.3%	228,9 k €	+250%	-152,5 k €	-921%	18,6 k €	+136%	-52 k €
Operating result	266,5 k €	+17.7%	226,4 k €	+1280%	-19,2 k €	-117%	114,4 k €	-27.4%	157,6 k €	+184%	-188,3 k €	-1136%	18,2 k €	+134%	-54 k €
Net result	228,2 k €	+42.8%	159,8 k €	+401%	-53,1 k €	-153%	99,7 k €	-31.6%	145,9 k €	+180%	-182,8 k €	-1208%	16,5 k €	+130%	-54,6 k €
Balance sheet
Equity	625,5 k €	+57.4%	397,4 k €	+67.3%	237,6 k €	-18.3%	290,7 k €	+52.2%	190,9 k €	+324%	45,1 k €	-49.3%	88,9 k €	+347%	-36 k €
Total assets	2,7 M €	+65.3%	1,6 M €	+17.1%	1,4 M €	-14.6%	1,6 M €	+52.0%	1,1 M €	+90.5%	554,4 k €	+163%	210,5 k €	+159%	81,3 k €
Cash	72,7 k €	+238%	21,5 k €	-70.3%	72,4 k €	+36.9%	52,9 k €	-83.2%	315,1 k €	+27.0%	248,1 k €	+602%	35,4 k €	+4.4%	33,9 k €
Debts	2 M €	+70.7%	1,2 M €	+4.8%	1,1 M €	+45.0%	781,4 k €	+15.4%	676,9 k €	+32.9%	509,3 k €	+319%	121,6 k €	+3.6%	117,4 k €
Other
Workforce	–		–		1,0 ETP	-33.3%	1,5 ETP	+15.4%	1,3 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Imdad LASKAR

Director · since 20 juin 2019

Active

Noman AHMED

Director · since 20 juin 2019

Active

Ended mandates

Imdad Laskar

Director · since 21 janvier 2019

Ended

Noman Ahmed

Director · since 20 mars 2017

Ended

AHMED NOMAN

Administrator - manager · since 01 mars 2017

Ended

Noman Ahmed

Director · since 01 mars 2017

Ended

At this address

Other companies at this address

Company	CBE no.
Solve ICT● Active	0549.987.030

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	25/07/2025	26/05/2025	31/08/2023	29/07/2022	23/06/2021
General meeting	03/07/2026	25/07/2025	20/05/2025	30/06/2023	31/05/2022	31/05/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	03/07/2026	10/07/2026	Dutch	PDF
Micro model	31/12/2024	25/07/2025	25/07/2025	Dutch	PDF
Abridged modelCorrection	31/12/2023	20/05/2025	26/05/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	23/06/2021	Dutch	PDF
Micro model	31/12/2019	30/04/2020	08/06/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	20/06/2019	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 5 ended

Active mandates

Imdad LASKAR

Director · since 20 juin 2019

Active

Noman AHMED

Director · since 20 juin 2019

Active

Ended mandates

Imdad Laskar

Director · since 21 janvier 2019

Ended

Noman Ahmed

Director · since 20 mars 2017

Ended

AHMED NOMAN

Administrator - manager · since 01 mars 2017

Ended

Noman Ahmed

Director · since 01 mars 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares20/03/2026
KAPITAAL - AANDELEN
PDF
Capital / shares17/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates08/07/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other29/03/2017
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

2025
Annual accounts 2025228,2 k €↑
2024
Annual accounts 2024159,8 k €↑
2023
Annual accounts 2023-53,1 k €↓
2022
Annual accounts 202299,7 k €↓
2021
Annual accounts 2021145,9 k €↑
2020
Annual accounts 2020-182,8 k €↓
2019
Annual accounts 201916,5 k €↑
2018
Annual accounts 2018-54,6 k €
27/03/2017
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

Smart Ends

Overview

What does Smart Ends do?

Trend over 8 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