ACTIVE

SMARTMAT

Financial year 2024 · closed on 31/12/2024
Net result
2 M €
+11.5% YoY
Revenue
50,4 M €
+36.7% YoY
Equity
9 M €
+27.1% YoY
Workforce
42,1 ETP
-12.7% YoY

What does SMARTMAT do?

SMARTMAT is a Public limited company incorporated in 2011. Its registered office is in Gent. It employs on average 42,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0841.142.626
Incorporation
15/11/2011
Legal form
Public limited company
Registered office
Dok-Noord 6
9000 Gent · FlandreSee on map
Contributed capital
5 942 541,79 €
Latest accounts
31/12/2024
Average workforce
42,1 ETP
Joint committees (7)
  • 100
  • 1000
  • 1190
  • 200
  • 201
  • 2010
  • 20201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202420232022202120202019201420132012
Income statement
Revenue50,4 M €36,9 M €29,7 M €27,4 M €0 €
EBITDA5,4 M €4,5 M €1,9 M €4,1 M €2,3 M €-181,2 k €-5,1 k €2,7 k €5 k €
Operating result3,1 M €2,5 M €-1,2 M €3 M €1,5 M €-1 M €-5,1 k €2,7 k €5 k €
Net result2 M €1,8 M €-1,5 M €2 M €1,3 M €-1,1 M €-18 k €226,6 €3,3 k €
Balance sheet
Equity9 M €7,1 M €5,3 M €6,9 M €4,8 M €3,5 M €105,5 k €123,6 k €123,3 k €
Total assets15,4 M €13,7 M €12,1 M €13,3 M €8 M €5 M €106,2 k €251,3 k €140,5 k €
Cash6 M €3,9 M €2,9 M €3,5 M €3,1 M €503,5 k €6,5 k €9,7 k €1,2 k €
Debts5,7 M €5,8 M €6,1 M €6 M €2,7 M €1,4 M €633,4 €125,4 k €17,1 k €
Other
Workforce42,1 ETP48,2 ETP37,9 ETP26,1 ETP15,2 ETP10,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 7 active · 53 ended

Active mandates

Jessie Maras

Managing director · since 22 avril 2025 · until 31 mars 2026

Active
Fasten Belts

Director · since 03 février 2022 · until 31 mars 2026 · 0657.952.978

Represented by Ronse STÉPHANE

Active
KORYS INVESTMENTS

Director · since 03 février 2022 · until 01 avril 2025 · 0871.963.979

Represented by De Smet Vincent

Active
KORYS MANAGEMENT

Director · since 03 février 2022 · until 01 avril 2025 · 0885.971.571

Represented by Katti Van Oosterwijck

Active
Pieter-Jan Vandevelde

Director · since 03 février 2022 · until 03 février 2028

Active
SLOWGOOSE

Director · since 03 février 2022 · until 01 avril 2025 · 0507.834.392

Represented by Âsarby ANDERS

Active
Tom De Prater

Director · since 03 février 2022 · until 03 février 2028

Active

Ended mandates

Fasten Belts

Director · since 03 février 2022 · until 03 février 2028 · 0657.952.978

Represented by Ronse STÉPHANE

Ended
Fasten Belts

Managing director · since 03 février 2022 · until 03 février 2028 · 0657.952.978

Represented by Stéphane RONSE

Ended
KORYS INVESTMENTS

Director · since 03 février 2022 · until 03 février 2028 · 0871.963.979

Represented by De Smet Vincent

Ended
KORYS INVESTMENTS

Director · since 03 février 2022 · until 03 février 2028 · 0871.963.979

Represented by Vincent DE SMET

Ended
At this address

Other companies at this address

CompanyCBE no.
FOODPREPPERActive
0762.954.290
PunchlineActive
0649.951.171
Annual accounts

Full financial information

202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202526/06/202403/07/202318/07/202220/07/202106/07/2020
General meeting20/06/202521/06/202416/06/202313/07/202218/06/202119/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202420/06/202501/07/2025DutchPDF
Full model31/12/202321/06/202426/06/2024DutchPDF
Full model31/12/202216/06/202303/07/2023DutchPDF
Full model31/12/202113/07/202218/07/2022DutchPDF
Abridged model31/12/202018/06/202120/07/2021DutchPDF
Abridged model31/12/201919/06/202006/07/2020DutchPDF
Abridged model31/12/201821/06/201904/07/2019DutchPDF
Abridged model31/12/201715/06/201820/07/2018DutchPDF
Abridged model31/12/201616/06/201712/07/2017DutchPDF
Abridged model31/12/201517/06/201615/07/2016DutchPDF
Abridged modelCorrection31/12/201419/06/201530/05/2016DutchPDF
Abridged model31/12/201419/06/201510/07/2015DutchPDF
Abridged model31/12/201320/06/201431/08/2014DutchPDF
Abridged model31/12/201221/06/201330/08/2013DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2024 · 7 active · 53 ended

Active mandates

Jessie Maras

Managing director · since 22 avril 2025 · until 31 mars 2026

Active
Fasten Belts

Director · since 03 février 2022 · until 31 mars 2026 · 0657.952.978

Represented by Ronse STÉPHANE

Active
KORYS INVESTMENTS

Director · since 03 février 2022 · until 01 avril 2025 · 0871.963.979

Represented by De Smet Vincent

Active
KORYS MANAGEMENT

Director · since 03 février 2022 · until 01 avril 2025 · 0885.971.571

Represented by Katti Van Oosterwijck

Active
Pieter-Jan Vandevelde

Director · since 03 février 2022 · until 03 février 2028

Active
SLOWGOOSE

Director · since 03 février 2022 · until 01 avril 2025 · 0507.834.392

Represented by Âsarby ANDERS

Active
Tom De Prater

Director · since 03 février 2022 · until 03 février 2028

Active

Ended mandates

Fasten Belts

Director · since 03 février 2022 · until 03 février 2028 · 0657.952.978

Represented by Ronse STÉPHANE

Ended
Fasten Belts

Managing director · since 03 février 2022 · until 03 février 2028 · 0657.952.978

Represented by Stéphane RONSE

Ended
KORYS INVESTMENTS

Director · since 03 février 2022 · until 03 février 2028 · 0871.963.979

Represented by De Smet Vincent

Ended
KORYS INVESTMENTS

Director · since 03 février 2022 · until 03 février 2028 · 0871.963.979

Represented by Vincent DE SMET

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/05/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other12/02/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL
    PDF
  • Registered office23/01/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates01/12/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/10/2022
    ONTSLAGEN - BENOEMINGEN
    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. 2024
    Annual accounts 20242 M €
  2. 2023
    Annual accounts 20231,8 M €
  3. 2022
    Annual accounts 2022-1,5 M €
  4. 2021
    Annual accounts 20212 M €
  5. 2020
    Annual accounts 20201,3 M €
  6. 2019
    Annual accounts 2019-1,1 M €
  7. 2016
    Name changeSmartmat
  8. 2014
    Annual accounts 2014-18 k €
  9. 2013
    Annual accounts 2013226,6 €
  10. 2012
    Annual accounts 20123,3 k €
  11. 2012
    Name changeDA MANAGEMENT
  12. 15/11/2011
    IncorporationPublic limited company