ACTIVE

Smartfin Capital II

Financial year 2025 · Closed on 31/12/2025

Net result20,8 M €+589,5 %over 1 year
Gross margin-2 M €-50,2 %over 1 year
Equity90 M €-22,0 %over 1 year

Identity

Source · BCE/KBO

Smartfin Capital II is a Limited partnership incorporated in 2019. Its main activity is: Activities of holding companies. Its registered office is in Etterbeek.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0737.910.771
Incorporation
21/11/2019
Legal form
Limited partnership
Registered office
Rue Abbé Cuypers 3
1040 Etterbeek · BruxellesSee on map
Contributed capital
86 080 046,01 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow

Financials

Source · NBB, 7 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin-2 M €-1,3 M €-1,3 M €-1,3 M €-1,4 M €
EBITDA-2 M €-1,3 M €-1,3 M €-1,3 M €-1,4 M €
Operating result-2 M €-1,4 M €-1,3 M €-1,3 M €-1,4 M €
Net result20,8 M €3 M €-6,7 M €-8,5 M €-3,3 M €
Balance sheet
Equity90 M €115,4 M €118,4 M €113,2 M €75,1 M €
Total assets90,4 M €115,7 M €118,7 M €113,5 M €75,5 M €
Cash110,1 k €7,1 M €10,2 M €3 M €17,1 M €
Debts456,3 k €364,2 k €305,9 k €320,1 k €355,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 4 ended

Active mandates

SMARTFIN MANAGEMENT

Director · since 21 novembre 2019 · 0737.561.076

Represented by Bart Luyten

Active

Ended mandates

SMARTFIN MANAGEMENT

Manager · since 21 novembre 2019 · 0737.561.076

Represented by Bart LUYTEN

Ended
SMARTFIN MANAGEMENT

Director · since 20 novembre 2019 · 0737.561.076

Represented by Bart LUYTEN

Ended
SMARTFIN MANAGEMENT

Manager · since 20 novembre 2019 · 0737.561.076

Represented by Bart LUYTEN

Ended
SMARTFIN MANAGEMENT

Manager · since 20 novembre 2019 · 0737.561.076

Represented by Bart Luyten

Ended

Other companies at this address

Rue Abbé Cuypers 3 1040 Etterbeek
CompanyCBE no.
2MBT● Active
0745.492.213
3C GROUP● Active
0687.939.539
AB2● Active
0436.055.580
ABH● Active
0438.466.922
AB HOMEMADE● Bankrupt
0663.948.469
ACOLIT● Active
0476.557.040
0540.757.776
ADRA GROUP● Active
1014.780.049
0877.922.947
AKRONOS● Active
0838.112.860
0738.573.143
ALL COMMERCE● Active
0738.499.008
ALPHA 55● Bankrupt
0753.555.584
ANTRASIET● Bankrupt
0884.200.629
0847.212.945
AS DEV STACK● Active
0684.919.869
ASSIMA● Bankrupt
0680.736.003
0461.925.876
Atelier 3● Active
0653.877.790
0479.021.830

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202120/11/2019
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 months14 months
Filing date02/06/202617/06/202517/06/202509/06/202302/06/202231/05/2021
General meeting26/05/202627/05/202528/05/202430/05/202331/05/202225/05/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/05/202602/06/2026DutchPDF
Micro model31/12/202427/05/202517/06/2025DutchPDF
Micro modelCorrection31/12/202328/05/202417/06/2025DutchPDF
Micro model31/12/202328/05/202419/06/2024DutchPDF
Micro model31/12/202230/05/202309/06/2023DutchPDF
Micro model31/12/202131/05/202202/06/2022DutchPDF
Micro model31/12/202025/05/202131/05/2021DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

1 active · 4 ended

Active mandates

SMARTFIN MANAGEMENT

Director · since 21 novembre 2019 · 0737.561.076

Represented by Bart Luyten

Active

Ended mandates

SMARTFIN MANAGEMENT

Manager · since 21 novembre 2019 · 0737.561.076

Represented by Bart LUYTEN

Ended
SMARTFIN MANAGEMENT

Director · since 20 novembre 2019 · 0737.561.076

Represented by Bart LUYTEN

Ended
SMARTFIN MANAGEMENT

Manager · since 20 novembre 2019 · 0737.561.076

Represented by Bart LUYTEN

Ended
SMARTFIN MANAGEMENT

Manager · since 20 novembre 2019 · 0737.561.076

Represented by Bart Luyten

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/05/2025
    DIVERSEN
    PDF
  • Capital / shares25/09/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates21/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares02/01/2020
    KAPITAAL - AANDELEN
    PDF
  • Other25/11/2019
    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 202520,8 M €↑
  2. 27/05/2025
    reconductionFinvision Bedrijfsrevisoren BV — commissaris
  3. 2024
    Annual accounts 20243 M €↑
  4. 19/09/2024
    reduction_capital
  5. 2023
    Annual accounts 2023-6,7 M €↑
  6. 2023
    Name changeSmartfin Capital II
  7. 2022
    Annual accounts 2022-8,5 M €↓
  8. 31/05/2022
    reconductionFinvision Bedrijfsrevisoren Antwerpen BV — commissaris
  9. 2021
    Annual accounts 2021-3,3 M €↓
  10. 2021
    Name changeSmartfin Capital II - Private Privak naar Belgisch recht
  11. 2020
    Annual accounts 2020-1,5 M €
  12. 21/11/2019
    IncorporationLimited partnership