ACTIVE

SMARTORTHO

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Financial year 2025 · closed on 31/12/2025

Net result

87,4 k €

-55.9% YoY

Gross margin

187,2 k €

-41.5% YoY

Equity

754,2 k €

-6.5% YoY

What does SMARTORTHO do?

SMARTORTHO is a Private limited company incorporated in 2006. Its main activity is: Specialist medical practice activities. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.223.530

Incorporation

24/03/2006

Legal form

Private limited company

Registered office

Jos Ratinckxstraat 1 box 54
2600 Antwerpen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	187,2 k €	-41.5%	320,3 k €	+26.3%	253,6 k €	+62.4%	156,2 k €	-4.7%	163,9 k €	+39.0%	117,9 k €	-31.7%	172,7 k €	+97.0%	87,7 k €	-62.2%	232 k €	-28.0%	322,1 k €	+75.5%	183,5 k €	-12.7%	210,2 k €	-24.7%	279,2 k €	-29.4%	395,4 k €	+121%	179,1 k €	-32.5%	265,5 k €	+11.3%	238,5 k €	+36.5%	174,8 k €	-13.3%	201,6 k €
EBITDA	184,5 k €	-42.1%	318,3 k €	+26.8%	251 k €	+63.5%	153,6 k €	-4.9%	161,5 k €	+40.7%	114,8 k €	-32.2%	169,4 k €	+101%	84,5 k €	-62.6%	226 k €	-28.7%	316,9 k €	+77.8%	178,3 k €	-13.5%	206,2 k €	-24.9%	274,4 k €	-29.3%	388,3 k €	+123%	174,3 k €	-34.0%	264,1 k €	+11.3%	237,3 k €	+36.5%	173,8 k €	-13.3%	200,5 k €
Operating result	138,7 k €	-49.5%	274,7 k €	+33.0%	206,6 k €	+84.8%	111,8 k €	-7.1%	120,4 k €	+61.0%	74,8 k €	-41.2%	127,2 k €	+189%	44 k €	-76.1%	183,9 k €	-30.4%	264,2 k €	+107%	127,7 k €	-16.7%	153,3 k €	-30.8%	221,4 k €	-34.7%	339,2 k €	+158%	131,6 k €	-40.6%	221,6 k €	-1.7%	225,4 k €	+38.5%	162,8 k €	-16.4%	194,8 k €
Net result	87,4 k €	-55.9%	198,3 k €	+39.9%	141,8 k €	+85.8%	76,3 k €	-36.6%	120,5 k €	+144%	49,4 k €	-38.6%	80,4 k €	+298%	20,2 k €	-81.5%	108,9 k €	-23.2%	141,9 k €	+75.0%	81,1 k €	+0.2%	80,9 k €	-38.7%	131,9 k €	-35.9%	205,8 k €	+187%	71,8 k €	-47.0%	135,3 k €	-6.7%	145,1 k €	+43.8%	100,8 k €	-22.3%	129,7 k €
Balance sheet
Equity	754,2 k €	-6.5%	806,8 k €	+28.2%	629,5 k €	+17.3%	536,7 k €	-5.7%	569 k €	-23.0%	739,2 k €	-4.0%	770,4 k €	+11.7%	690 k €	-16.3%	824,2 k €	+15.2%	715,3 k €	+24.7%	573,4 k €	+152%	227,9 k €	-48.3%	440,8 k €	+42.7%	308,9 k €	-10.4%	344,9 k €	-34.1%	523,3 k €	+34.9%	388 k €	+59.7%	242,9 k €	+71.0%	142,1 k €
Total assets	762,6 k €	-10.8%	855,3 k €	+28.3%	666,5 k €	+7.9%	617,4 k €	-8.1%	671,6 k €	-21.3%	853,4 k €	-8.7%	934,8 k €	+4.6%	894 k €	-14.6%	1 M €	+6.5%	982,9 k €	+11.2%	884 k €	+6.4%	830,8 k €	+3.7%	801 k €	-10.2%	892,5 k €	+4.6%	853,5 k €	-3.1%	880,5 k €	+19.0%	740 k €	+87.7%	394,2 k €	+116%	182,9 k €
Cash	368,9 k €	+20.7%	305,7 k €	+15.2%	265,3 k €	+8.5%	244,6 k €	-21.8%	312,7 k €	+6.7%	293,1 k €	-12.7%	335,7 k €	+24.7%	269,2 k €	-10.7%	301,5 k €	+24.0%	243,1 k €	-36.5%	382,5 k €	+35.2%	283 k €	+23.3%	229,5 k €	-12.3%	261,7 k €	+9.2%	239,6 k €	+0.9%	237,5 k €	-27.9%	329,6 k €	+49.6%	220,3 k €	+94.5%	113,3 k €
Debts	8,4 k €	-82.8%	48,5 k €	+31.1%	37 k €	-54.2%	80,8 k €	-21.2%	102,6 k €	-10.1%	114,2 k €	-30.6%	164,4 k €	-19.4%	204 k €	-8.2%	222,2 k €	-17.0%	267,6 k €	-13.8%	310,5 k €	-48.3%	600,8 k €	+69.9%	353,5 k €	-38.2%	572,2 k €	+12.6%	508 k €	+42.5%	356,6 k €	+1.5%	351,4 k €	+133%	150,7 k €	+275%	40,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Peter Mertens

Director · since 29 janvier 2024

Active

Sofie Ria Claes

Director · since 29 janvier 2024

Active

Ended mandates

Peter Mertens

Director · since 20 juin 2015 · until 21 juin 2025

Ended

Sofie Claes

Manager · since 13 novembre 2009

Ended

Peter Mertens

Director

Ended

Peter Mertens

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GEWRICHTSKLINIEK● Active	0547.977.150
INSTITUUT VOOR DE WAARDERING VAN ONDERNEMINGEN● Active	0820.801.924
SEATEC CONSULT● Active	0456.210.596

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	23/07/2026	30/07/2025	17/07/2024	12/07/2023	26/07/2022	28/07/2021
General meeting	30/06/2026	27/06/2025	29/06/2024	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	23/07/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	30/07/2025	Dutch	PDF
Micro model	31/12/2023	29/06/2024	17/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	26/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	16/06/2018	26/07/2018	Dutch	PDF
Micro model	31/12/2016	17/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	27/07/2016	Dutch	PDF
Abridged model	31/12/2014	20/06/2015	13/07/2015	Dutch	PDF
Abridged model	31/12/2013	21/06/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	23/07/2013	Dutch	PDF
Abridged model	31/12/2011	16/06/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	18/06/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	19/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	20/06/2009	22/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	16/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 2 active · 6 ended

Active mandates

Peter Mertens

Director · since 29 janvier 2024

Active

Sofie Ria Claes

Director · since 29 janvier 2024

Active

Ended mandates

Peter Mertens

Director · since 20 juin 2015 · until 21 juin 2025

Ended

Sofie Claes

Manager · since 13 novembre 2009

Ended

Peter Mertens

Director

Ended

Peter Mertens

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/04/2018
KAPITAAL - AANDELEN
PDF
Mandates01/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/10/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares16/04/2014
KAPITAAL - AANDELEN
PDF
Mandates12/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Other29/12/2009
DIVERSEN
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 202587,4 k €↓
2024
Annual accounts 2024198,3 k €↑
2024
Name changeSMARTORTHO
2023
Annual accounts 2023141,8 k €↑
2022
Annual accounts 202276,3 k €↓
2021
Annual accounts 2021120,5 k €↑
2021
Name changeDr. Peter Mertens
2020
Annual accounts 202049,4 k €↓
2019
Annual accounts 201980,4 k €↑
2018
Annual accounts 201820,2 k €↓
2016
Annual accounts 2016108,9 k €↓
2015
Annual accounts 2015141,9 k €↑
2014
Annual accounts 201481,1 k €↑
2013
Annual accounts 201380,9 k €↓
2012
Annual accounts 2012131,9 k €↓
2011
Annual accounts 2011205,8 k €↑
2010
Annual accounts 201071,8 k €↓
2009
Annual accounts 2009135,3 k €↓
2008
Annual accounts 2008145,1 k €↑
2007
Annual accounts 2007100,8 k €↓
2006
Annual accounts 2006129,7 k €
24/03/2006
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

SMARTORTHO

Overview

What does SMARTORTHO do?

Trend over 19 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