ACTIVE

SMARD

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Financial year 2025 · closed on 31/12/2025

Net result

-81,4 k €

-197.9% YoY

Gross margin

417,8 k €

-23.8% YoY

Equity

547,5 k €

-12.9% YoY

Workforce

13,9 ETP

+5.3% YoY

What does SMARD do?

SMARD is a Private limited company incorporated in 2012. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Bruxelles. It employs on average 13,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0848.993.389

Incorporation

25/09/2012

Legal form

Private limited company

Registered office

Rue du Dobbelenberg 7
1130 Bruxelles · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

13,9 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.81220Other building and industrial cleaning activities 81220Other building and industrial cleaning activities

Joint committees (2)

Signals

Solid equityLow riskGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	417,8 k €	-23.8%	548,5 k €	-28.5%	766,6 k €	-4.1%	799,5 k €	+0.6%	794,7 k €	+24.0%	640,6 k €	-2.0%	653,7 k €	+12.4%	581,5 k €	+21.1%	480,2 k €	+20.4%	398,7 k €	+43.7%	277,5 k €	+626%	38,2 k €	+3431%	-1,1 k €
EBITDA	-72,2 k €	-158%	124,9 k €	+63.3%	76,5 k €	+3.0%	74,3 k €	-39.2%	122,1 k €	+3.9%	117,5 k €	-17.0%	141,6 k €	-26.7%	193,3 k €	+135%	82,2 k €	+138%	34,5 k €	-53.9%	74,8 k €	+371%	15,9 k €	+922%	-1,9 k €
Operating result	-79,4 k €	-168%	117,2 k €	+71.8%	68,2 k €	+6.1%	64,3 k €	-41.6%	110,2 k €	+3.1%	106,9 k €	-17.4%	129,5 k €	-28.4%	180,8 k €	+157%	70,5 k €	+195%	23,9 k €	-63.0%	64,4 k €	+360%	14 k €	+824%	-1,9 k €
Net result	-81,4 k €	-198%	83,2 k €	+86.0%	44,7 k €	+11.5%	40,1 k €	-47.3%	76 k €	+6.9%	71,1 k €	-15.9%	84,5 k €	-25.8%	113,9 k €	+158%	44,2 k €	+393%	9 k €	-75.0%	35,8 k €	+263%	9,9 k €	+571%	-2,1 k €
Balance sheet
Equity	547,5 k €	-12.9%	628,9 k €	+15.2%	545,7 k €	+8.9%	501 k €	+8.7%	461 k €	+19.8%	384,9 k €	+27.7%	301,4 k €	+39.0%	216,8 k €	+111%	102,9 k €	+75.2%	58,8 k €	+18.0%	49,8 k €	+256%	14 k €	+240%	4,1 k €
Total assets	786,4 k €	-4.5%	823,6 k €	+7.9%	763,3 k €	+3.1%	740,4 k €	+15.0%	643,8 k €	+18.8%	541,8 k €	+3.5%	523,4 k €	+16.5%	449,4 k €	+127%	198,1 k €	+56.0%	127 k €	-2.4%	130,1 k €	+116%	60,3 k €	+1022%	5,4 k €
Cash	333,1 k €	+0.8%	330,6 k €	+62.9%	203 k €	-43.0%	356 k €	-6.0%	378,9 k €	-7.4%	409 k €	+6.6%	383,7 k €	+67.1%	229,7 k €	+765%	26,6 k €	-37.3%	42,4 k €	-36.8%	67,1 k €	+2105%	3 k €	-37.9%	4,9 k €
Debts	238,9 k €	+22.7%	194,7 k €	-10.5%	217,6 k €	-6.9%	233,6 k €	+27.8%	182,8 k €	+21.7%	150,2 k €	-32.2%	221,5 k €	-4.6%	232,2 k €	+145%	94,8 k €	+51.2%	62,7 k €	-21.9%	80,3 k €	+74.7%	46 k €	+3540%	1,3 k €
Other
Workforce	13,9 ETP	+5.3%	13,2 ETP	-41.3%	22,5 ETP	-2.2%	23,0 ETP	-1.3%	23,3 ETP	+24.6%	18,7 ETP	+6.9%	17,5 ETP		–		–		–		6,8 ETP	+467%	1,2 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 19 ended

Active mandates

Abdulkadir SAKIZCI

administrateur

Active

Ended mandates

Abdulkadir SAKIZCI

Manager

Ended

ALI DZHOSKUN AHMED

Associate

Ended

ANATOLIEV YUNUS RUMENOV

Associate

Ended

BEYZAT HAMDIEV BASRIEV

Associate

Ended

At this address

Other companies at this address

Company	CBE no.
ACK GROUP● Active	0899.563.152
A.K.S. GROUP● Active	0877.270.176
DM & C GROUP● Active	0838.309.137
ELANIS CLEANING● Active	0551.836.364
ENRJ● Active	0466.393.717
MDS GROUP INVEST● Active	1011.754.045

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	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	27/08/2026	29/08/2025	15/07/2024	29/08/2023	24/08/2022	07/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	27/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	15/07/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	24/08/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	07/07/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	16/07/2020	French	PDF
Micro model	31/12/2018	24/06/2019	29/08/2019	French	PDF
Micro model	31/12/2017	25/06/2018	24/08/2018	French	PDF
Micro model	31/12/2016	26/06/2017	25/07/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/08/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 1 active · 19 ended

Active mandates

Abdulkadir SAKIZCI

administrateur

Active

Ended mandates

Abdulkadir SAKIZCI

Manager

Ended

ALI DZHOSKUN AHMED

Associate

Ended

ANATOLIEV YUNUS RUMENOV

Associate

Ended

BEYZAT HAMDIEV BASRIEV

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office01/04/2026
SIEGE SOCIAL
PDF
Mandates21/03/2024
MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Registered office01/03/2017
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Capital / shares29/04/2016
CAPITAL, ACTIONS
PDF
Mandates21/04/2016
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2016
CAPITAL, ACTIONS
PDF
Capital / shares25/09/2015
CAPITAL, ACTIONS
PDF
Capital / shares20/03/2015
CAPITAL, ACTIONS
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 2025-81,4 k €↓
2024
Annual accounts 202483,2 k €↑
2023
Annual accounts 202344,7 k €↑
2023
Name changeSMARD
2022
Annual accounts 202240,1 k €↓
2021
Annual accounts 202176 k €↑
2021
Name change4 ALL SERVICES GROUP
2020
Annual accounts 202071,1 k €↓
2019
Annual accounts 201984,5 k €↓
2018
Annual accounts 2018113,9 k €↑
2017
Annual accounts 201744,2 k €↑
2016
Annual accounts 20169 k €↓
2015
Annual accounts 201535,8 k €↑
2014
Annual accounts 20149,9 k €↑
2013
Annual accounts 2013-2,1 k €
25/09/2012
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

SMARD

Overview

What does SMARD do?

Trend over 13 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