NORMAL SITUATION

SMARTDEV

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Financial year 2025 · closed on 23/12/2025

Net result

5,4 k €

-94.0% YoY

Gross margin

4,0 k €

-97.2% YoY

Equity

301,7 k €

+1.8% YoY

Company — Normal situation.

What does SMARTDEV do?

SMARTDEV is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.309.291

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

23/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,0 k €	-97.2%	142,1 k €	+81.2%	78,4 k €	+48.7%	52,8 k €	-28.5%	73,8 k €	-14.1%	85,9 k €	+27.6%	67,3 k €	-3.4%	69,7 k €	+34.2%	51,9 k €	-46.6%	97,2 k €	+171%	35,9 k €	-25.3%	48,0 k €	-46.0%	89,0 k €	+55.9%	57,1 k €	+5.8%	53,9 k €	-38.6%	87,8 k €	+58.5%	55,4 k €	+307%	13,6 k €	-46.7%	25,6 k €	+13.0%	22,6 k €
EBITDA	4,0 k €	-97.2%	141,2 k €	+82.1%	77,5 k €	+50.8%	51,4 k €	-29.5%	72,9 k €	+2.1%	71,4 k €	+13.5%	62,9 k €	-7.7%	68,2 k €	+54.8%	44,0 k €	-53.8%	95,4 k €	+182%	33,8 k €	-26.1%	45,7 k €	-46.7%	85,8 k €	+55.5%	55,2 k €	+6.7%	51,7 k €	-39.6%	85,5 k €	+58.7%	53,9 k €	+338%	12,3 k €	-49.8%	24,6 k €	+21.0%	20,3 k €
Operating result	4,0 k €	-96.9%	129,2 k €	+116%	59,7 k €	+65.6%	36,0 k €	-41.7%	61,8 k €	+0.9%	61,3 k €	+53.1%	40,0 k €	+6.0%	37,8 k €	+209%	12,2 k €	-81.4%	65,8 k €	+3183%	2,0 k €	-79.0%	9,5 k €	-78.6%	44,6 k €	+75.3%	25,5 k €	+15.4%	22,1 k €	-59.6%	54,6 k €	+266%	14,9 k €	+153%	-28,2 k €	-135%	-12,0 k €	-218%	10,2 k €
Net result	5,4 k €	-94.0%	90,6 k €	+119%	41,3 k €	+72.3%	24,0 k €	-43.6%	42,6 k €	-12.5%	48,7 k €	+88.4%	25,8 k €	+16.8%	22,1 k €	+1010%	2,0 k €	-95.1%	40,8 k €	+2399%	-1,8 k €	+93.7%	-28,0 k €	-234%	21,0 k €	+172%	7,7 k €	+135%	3,3 k €	-92.8%	45,4 k €	+1972%	-2,4 k €	+94.7%	-45,7 k €	-180%	-16,3 k €	-386%	5,7 k €
Balance sheet
Equity	301,7 k €	+1.8%	296,3 k €	+44.0%	205,7 k €	+10.3%	186,5 k €	+13.4%	164,5 k €	+12.1%	146,8 k €	+38.4%	106,1 k €	+30.6%	81,2 k €	+35.2%	60,0 k €	+1.7%	59,0 k €	+207%	19,2 k €	-12.5%	22,0 k €	-56.9%	50,9 k €	+64.8%	30,9 k €	+28.0%	24,2 k €	+10.6%	21,8 k €	+197%	-22,5 k €	+4.7%	-23,7 k €	-1417%	1,8 k €	-90.1%	18,1 k €
Total assets	301,7 k €	-5.3%	318,7 k €	+0.9%	315,9 k €	+17.6%	268,5 k €	-5.6%	284,4 k €	+18.5%	240,0 k €	-25.4%	321,9 k €	-0.3%	322,9 k €	-0.2%	323,5 k €	+6.5%	303,7 k €	+6.2%	286,0 k €	-5.2%	301,8 k €	-19.7%	376,0 k €	+4.4%	360,1 k €	-4.0%	375,2 k €	+0.3%	374,2 k €	+14.4%	327,2 k €	-1.3%	331,4 k €	-0.8%	334,1 k €	+717%	40,9 k €
Cash	0,2 €	-100.0%	216,3 k €	+92.4%	112,4 k €	-37.2%	179,1 k €	-1.9%	182,5 k €	+21.1%	150,7 k €	+138%	63,3 k €	-16.3%	75,6 k €	+9.8%	68,9 k €	+4.0%	66,2 k €	+102%	32,8 k €	+1912%	1,6 k €	-93.0%	23,2 k €	+240%	6,8 k €	-83.4%	41,0 k €	+473%	7,1 k €	-20.9%	9,0 k €	+6.7%	8,5 k €	+4.8%	8,1 k €	+3295%	238,2 €
Debts	–		22,5 k €	-59.8%	55,9 k €	+40.9%	39,7 k €	-48.9%	77,7 k €	+55.2%	50,1 k €	-71.2%	173,9 k €	-13.2%	200,3 k €	-12.7%	229,5 k €	-5.0%	241,7 k €	-9.4%	266,8 k €	-4.7%	279,9 k €	-13.9%	325,1 k €	-1.3%	329,2 k €	-6.2%	351,0 k €	-0.4%	352,4 k €	+0.7%	349,8 k €	-1.5%	355,1 k €	+6.8%	332,3 k €	+1360%	22,8 k €

Governance

Board of directors

Seen on filing of 23/12/2025 · 1 active · 2 ended

Active mandates

Sophie VOITURON

Director

Active

Ended mandates

Sophie VOITURON

Manager · since 27 juillet 2005

Ended

Sophie VOITURON

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	23/12/2025	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	18/02/2026	15/05/2025	11/06/2024	28/07/2023	18/07/2022	29/07/2021
General meeting	–	14/05/2025	07/06/2024	30/06/2023	30/06/2022	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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	23/12/2025	—	18/02/2026	French	PDF
Micro model	31/12/2024	14/05/2025	15/05/2025	French	PDF
Micro model	31/12/2023	07/06/2024	11/06/2024	French	PDF
Micro model	31/12/2022	30/06/2023	28/07/2023	French	PDF
Micro model	31/12/2021	30/06/2022	18/07/2022	French	PDF
Micro model	31/12/2020	30/06/2021	29/07/2021	French	PDF
Micro model	31/12/2019	30/06/2020	31/07/2020	French	PDF
Micro model	31/12/2018	14/06/2019	19/06/2019	French	PDF
Micro modelCorrection	31/12/2017	24/05/2018	03/07/2018	French	PDF
Micro model	31/12/2017	24/05/2018	01/06/2018	French	PDF
Micro model	31/12/2016	14/06/2017	29/06/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	15/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	11/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	31/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	14/06/2009	19/06/2009	French	PDF
Abridged model	31/12/2007	14/06/2008	27/06/2008	French	PDF
Abridged model	31/12/2006	14/06/2007	18/06/2007	French	PDF

Estimate

Indicative valuation

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 23/12/2025 · 1 active · 2 ended

Active mandates

Sophie VOITURON

Director

Active

Ended mandates

Sophie VOITURON

Manager · since 27 juillet 2005

Ended

Sophie VOITURON

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20255,4 k €↓
2024
Annual accounts 202490,6 k €↑
2023
Annual accounts 202341,3 k €↑
2022
Annual accounts 202224,0 k €↓
2021
Annual accounts 202142,6 k €↓
2020
Annual accounts 202048,7 k €↑
2019
Annual accounts 201925,8 k €↑
2018
Annual accounts 201822,1 k €↑
2017
Annual accounts 20172,0 k €↓
2016
Annual accounts 201640,8 k €↑
2015
Annual accounts 2015-1,8 k €↑
2014
Annual accounts 2014-28,0 k €↓
2013
Annual accounts 201321,0 k €↑
2012
Annual accounts 20127,7 k €↑
2011
Annual accounts 20113,3 k €↓
2010
Annual accounts 201045,4 k €↑
2009
Annual accounts 2009-2,4 k €↑
2008
Annual accounts 2008-45,7 k €↓
2007
Annual accounts 2007-16,3 k €↓
2006
Annual accounts 20065,7 k €

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

SMARTDEV

Overview

What does SMARTDEV do?

Trend over 20 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline