ACTIVE

SmartSec

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Financial year 2025 · closed on 31/12/2025
Net result
6 M €
-76.0% YoY
Revenue
2,3 M €
+9.1% YoY
Equity
126,7 M €
+4.9% YoY

What does SmartSec do?

SmartSec is a Private limited company incorporated in 2022. Its main activity is: Activities of head offices. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0792.305.601
Incorporation
11/10/2022
Legal form
Private limited company
Registered office
Rue Rennequin-Sualem 34
4000 Liège · WallonieSee on map
Contributed capital
95 363 090,00 €
Latest accounts
31/12/2025
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 2 financial years

20252024
Income statement
Revenue2,3 M €2,1 M €
EBITDA76,8 k €78,9 k €
Operating result76,8 k €78,9 k €
Net result6 M €24,8 M €
Balance sheet
Equity126,7 M €120,8 M €
Total assets149,1 M €159 M €
Cash–96,4 k €
Debts22,4 M €38,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active

Active mandates

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 28 août 2025 · until 02 juin 2028 · 0253.445.063

Represented by Leon Cappaert

Active
Arnaud DIEDEREN

Mandate

Active
Bart LUYTEN

Mandate

Active
Harry HAECK

Mandate

Active
Ilfak GUILFANOV

Mandate

Active
Leon CAPPAERT

Mandate

Active
ZEVEN EECKEN EN VIER ESCHEN

Mandate · 0805.293.406

Represented by Philippe-Alexandre Leroux

Active
At this address

Other companies at this address

CompanyCBE no.
HEX - RAYS● Active
0873.473.914
Smartsec Partners● Active
0792.753.383
SmartSec Partners II● Active
1024.961.881
Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202411/10/2022
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months15 months
Filing date16/06/202624/06/202527/06/2024
General meeting05/06/202620/06/202507/06/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202505/06/202616/06/2026FrenchPDF
Abridged model31/12/202420/06/202524/06/2025FrenchPDF
Abridged model31/12/202307/06/202427/06/2024FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 7 active

Active mandates

SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT

Director · since 28 août 2025 · until 02 juin 2028 · 0253.445.063

Represented by Leon Cappaert

Active
Arnaud DIEDEREN

Mandate

Active
Bart LUYTEN

Mandate

Active
Harry HAECK

Mandate

Active
Ilfak GUILFANOV

Mandate

Active
Leon CAPPAERT

Mandate

Active
ZEVEN EECKEN EN VIER ESCHEN

Mandate · 0805.293.406

Represented by Philippe-Alexandre Leroux

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other04/06/2026
    DIVERS
    PDF
  • Mandates07/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/11/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/12/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other24/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Capital / shares21/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    PDF
  • Other13/10/2022
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 20256 M €↓
  2. 28/08/2025
    nominationSociété Federale de Participations et d'Investissement — administrateur
  3. 2024
    Annual accounts 202424,8 M €
  4. 13/11/2024
    augmentation_capital
  5. 14/10/2022
    nominationNicolas Dhaene — observateur
  6. 14/10/2022
    nominationIfak Guilfanov — président de l'organe d'administration
  7. 12/10/2022
    augmentation_capital
  8. 11/10/2022
    IncorporationPrivate limited company