ACTIVE

START SMART

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1,1 k €

-50.8% YoY

Gross margin

6,6 k €

+10.4% YoY

Equity

9,3 k €

+13.7% YoY

What does START SMART do?

START SMART is a Private limited company incorporated in 2010. Its registered office is in Seneffe.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.344.413

Incorporation

18/02/2010

Legal form

Private limited company

Registered office

Rue de Luxensart 16
7181 Seneffe · WallonieSee on map

Contributed capital

8 060,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	6,6 k €	+10.4%	6 k €	-51.6%	12,4 k €	+91.7%	6,5 k €	+127%	2,9 k €	+23.4%	2,3 k €	-90.9%	25,5 k €	+70.1%	15 k €	-43.8%	26,6 k €	+337%	-11,2 k €	-477%	3 k €	-10.5%	3,3 k €	-75.5%	13,6 k €	-50.5%	27,4 k €	+46.9%	18,7 k €	+33.1%	14 k €
EBITDA	3,3 k €	-40.7%	5,6 k €	-47.7%	10,7 k €	+85.2%	5,8 k €	+163%	2,2 k €	+190%	-2,4 k €	-110%	24 k €	+67.0%	14,4 k €	-44.8%	26,1 k €	+322%	-11,7 k €	-2982%	-380,9 €	-113%	2,9 k €	-77.6%	13,1 k €	-51.1%	26,7 k €	+45.9%	18,3 k €	+34.4%	13,6 k €
Operating result	3,3 k €	+2.8%	3,2 k €	-24.7%	4,3 k €	+764%	-644 €	+84.8%	-4,2 k €	+50.4%	-8,5 k €	-153%	16 k €	+91.9%	8,4 k €	-57.8%	19,8 k €	+212%	-17,8 k €	-160%	-6,8 k €	-353%	-1,5 k €	-117%	8,8 k €	-59.7%	21,7 k €	+65.4%	13,1 k €	+33.8%	9,8 k €
Net result	1,1 k €	-50.8%	2,3 k €	+747%	-353 €	+71.7%	-1,2 k €	+73.4%	-4,7 k €	+48.8%	-9,2 k €	-184%	10,9 k €	+86.0%	5,9 k €	-67.1%	17,9 k €	+198%	-18,2 k €	-152%	-7,2 k €	-315%	-1,7 k €	-125%	6,9 k €	-65.9%	20,3 k €	+99.5%	10,2 k €	+85.1%	5,5 k €
Balance sheet
Equity	9,3 k €	+13.7%	8,2 k €	+38.5%	5,9 k €	-5.6%	6,3 k €	-16.5%	7,5 k €	-38.4%	12,2 k €	-42.8%	21,4 k €	+104%	10,5 k €	+128%	4,6 k €	+135%	-13,3 k €	-368%	5 k €	-61.9%	13 k €	-11.8%	14,8 k €	-17.3%	17,8 k €	+1.6%	17,6 k €	+114%	8,2 k €
Total assets	30,5 k €	-43.4%	53,9 k €	-61.0%	138,1 k €	+1.5%	136 k €	+101%	67,6 k €	-22.0%	86,7 k €	-11.2%	97,6 k €	+43.7%	67,9 k €	-4.0%	70,7 k €	+28.7%	55 k €	-17.7%	66,8 k €	+90.9%	35 k €	+6.8%	32,8 k €	-39.4%	54,1 k €	+22.0%	44,3 k €	+3.1%	43 k €
Cash	4,7 k €	-84.2%	29,7 k €	-56.9%	68,9 k €	+142%	28,5 k €	-12.1%	32,5 k €	+37.6%	23,6 k €	-11.4%	26,6 k €	-39.0%	43,7 k €	+80.6%	24,2 k €	+2.8%	23,5 k €	-37.0%	37,3 k €	+60.6%	23,2 k €	+25.9%	18,5 k €	-37.9%	29,8 k €	+47.2%	20,2 k €	+13.7%	17,8 k €
Debts	21,2 k €	-53.7%	45,7 k €	-65.4%	132,2 k €	+1.9%	129,7 k €	+116%	60,1 k €	-19.3%	74,4 k €	-2.3%	76,2 k €	+32.7%	57,5 k €	-13.1%	66,1 k €	-3.1%	68,2 k €	+10.4%	61,8 k €	+181%	22 k €	+22.0%	18 k €	-50.3%	36,2 k €	+39.3%	26 k €	-23.6%	34 k €

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 · 2 active · 3 ended

Active mandates

Julie DUCHATEAU

Director · since 12 février 2024

Active

Nicolas FILALI

Mandate

Active

Ended mandates

Julie Duchateau

Manager

Ended

JULIE DUCHATEAU

Mandate

Ended

Nicolas FILALI

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	25/06/2026	13/08/2025	30/08/2024	29/08/2023	10/08/2022	11/08/2021
General meeting	27/05/2026	31/07/2025	23/08/2024	16/08/2023	22/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	27/05/2026	25/06/2026	French	PDF
Micro model	31/12/2024	31/07/2025	13/08/2025	French	PDF
Micro model	31/12/2023	23/08/2024	30/08/2024	French	PDF
Micro model	31/12/2022	16/08/2023	29/08/2023	French	PDF
Micro model	31/12/2021	22/06/2022	10/08/2022	French	PDF
Micro model	31/12/2020	30/06/2021	11/08/2021	French	PDF
Micro modelCorrection	31/12/2019	29/06/2020	04/09/2020	French	PDF
Micro model	31/12/2019	29/06/2020	26/08/2020	French	PDF
Micro model	31/12/2018	28/06/2019	06/08/2019	French	PDF
Micro model	31/12/2017	30/05/2018	05/07/2018	French	PDF
Micro model	31/12/2016	15/02/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	13/06/2016	17/06/2016	French	PDF
Abridged model	31/12/2014	25/04/2015	28/05/2015	French	PDF
Abridged model	31/12/2013	16/06/2014	03/07/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	03/06/2013	French	PDF
Abridged model	31/12/2011	16/04/2012	10/05/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	06/06/2011	French	PDF

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 · 2 active · 3 ended

Active mandates

Julie DUCHATEAU

Director · since 12 février 2024

Active

Nicolas FILALI

Mandate

Active

Ended mandates

Julie Duchateau

Manager

Ended

JULIE DUCHATEAU

Mandate

Ended

Nicolas FILALI

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office10/08/2018
SIEGE SOCIAL
PDF
Mandates28/11/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates11/01/2013
SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Other05/03/2010
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

2025
Annual accounts 20251,1 k €↓
2024
Annual accounts 20242,3 k €↑
2023
Annual accounts 2023-353 €↑
2022
Annual accounts 2022-1,2 k €↑
2021
Annual accounts 2021-4,7 k €↑
2020
Annual accounts 2020-9,2 k €↓
2019
Annual accounts 201910,9 k €↑
2018
Annual accounts 20185,9 k €↓
2017
Annual accounts 201717,9 k €↑
2016
Annual accounts 2016-18,2 k €↓
2015
Annual accounts 2015-7,2 k €↓
2014
Annual accounts 2014-1,7 k €↓
2013
Annual accounts 20136,9 k €↓
2012
Annual accounts 201220,3 k €↑
2011
Annual accounts 201110,2 k €↑
2010
Annual accounts 20105,5 k €
18/02/2010
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

START SMART

Overview

What does START SMART do?

Trend over 16 financial years

Indicative valuation

Board of directors

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