ACTIVE

SMARTFIN MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

83,4 k €

-73.4% YoY

Gross margin

190 k €

+20.3% YoY

Equity

569,2 k €

+17.2% YoY

Workforce

1,1 ETP

-21.4% YoY

What does SMARTFIN MANAGEMENT do?

SMARTFIN MANAGEMENT is a Private limited company incorporated in 2019. Its main activity is: Fund management activities. Its registered office is in Etterbeek. It employs on average 1,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0737.561.076

Incorporation

08/11/2019

Legal form

Private limited company

Registered office

Rue Abbé Cuypers 3
1040 Etterbeek · BruxellesSee on map

Contributed capital

60 000,00 €

Latest accounts

31/12/2025

Average workforce

1,1 ETP

Activities (NACE)

66300Fund management activities· main 66300Fund management activities 70200Management consultancy activities 70220Business and other management consultancy activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (2)

200
2000

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 6 financial years

	2025		2024		2023		2022		2021		2020
Income statement
Gross margin	190 k €	+20.3%	158 k €	+11.5%	141,7 k €	+629%	19,4 k €	-45.4%	35,6 k €	+63.3%	21,8 k €
EBITDA	98,1 k €	-0.3%	98,4 k €	+4.2%	94,5 k €	+395%	19,1 k €	-45.9%	35,3 k €	+67.0%	21,1 k €
Operating result	97,3 k €	-0.0%	97,3 k €	+4.0%	93,6 k €	+399%	18,7 k €	-46.3%	34,9 k €	+68.5%	20,7 k €
Net result	83,4 k €	-73.4%	313,7 k €	+397%	63,1 k €	+511%	10,3 k €	-58.5%	24,9 k €	+79.9%	13,8 k €
Balance sheet
Equity	569,2 k €	+17.2%	485,8 k €	+182%	172,1 k €	+57.9%	109 k €	+10.5%	98,7 k €	+125%	43,8 k €
Total assets	1,8 M €	+8.1%	1,6 M €	+29.4%	1,3 M €	+31.3%	962,2 k €	+33.2%	722,6 k €	+4.4%	692 k €
Cash	24,7 k €	+294%	6,3 k €	-90.6%	67,1 k €	-46.8%	126,1 k €	+130%	55 k €	-80.2%	277,9 k €
Debts	1,2 M €	+4.3%	1,1 M €	+4.9%	1,1 M €	+28.4%	848,1 k €	+36.8%	620,1 k €	-3.9%	645,1 k €
Other
Workforce	1,1 ETP	-21.4%	1,4 ETP	+55.6%	0,9 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 6 ended

Active mandates

Sebastien THIEL

Director · since 09 avril 2021

Active

Bart LUYTEN

Director · since 08 novembre 2019

Active

Jürgen Ingels

Director · since 08 novembre 2019

Active

Thomas Depuydt

Director · since 08 novembre 2019

Active

Ended mandates

Bert BAECK

Director · since 08 novembre 2019 · until 22 décembre 2021

Ended

Bert BAECK

Director · since 08 novembre 2019

Ended

Bart Luyten

Director

Ended

Jürgen Ingels

Director

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged 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	08/11/2019
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	14 months
Filing date	17/06/2026	26/06/2025	19/06/2024	16/06/2023	27/06/2022	05/07/2021
General meeting	11/06/2026	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

6 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	19/06/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	16/06/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	05/07/2021	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 4 active · 6 ended

Active mandates

Sebastien THIEL

Director · since 09 avril 2021

Active

Bart LUYTEN

Director · since 08 novembre 2019

Active

Jürgen Ingels

Director · since 08 novembre 2019

Active

Thomas Depuydt

Director · since 08 novembre 2019

Active

Ended mandates

Bert BAECK

Director · since 08 novembre 2019 · until 22 décembre 2021

Ended

Bert BAECK

Director · since 08 novembre 2019

Ended

Bart Luyten

Director

Ended

Jürgen Ingels

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other13/11/2019
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 202583,4 k €↓
2024
Annual accounts 2024313,7 k €↑
2023
Annual accounts 202363,1 k €↑
2022
Annual accounts 202210,3 k €↓
2021
Annual accounts 202124,9 k €↑
2020
Annual accounts 202013,8 k €
08/11/2019
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

SMARTFIN MANAGEMENT

Overview

What does SMARTFIN MANAGEMENT do?

Trend over 6 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