ACTIVE

smartSD

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Financial year 2025 · Closed on 31/12/2025

Net result8 M €+199,4 %over 1 year

Revenue65,4 M €+21,7 %over 1 year

Equity9,1 M €+688,4 %over 1 year

Workforce30,8 ETP-1,0 %over 1 year

Identity

Source · BCE/KBO

smartSD is a Public limited company incorporated in 2007. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Merchtem. It employs on average 30,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0894.523.310
Incorporation: 28/12/2007
Legal form: Public limited company
Registered office: Dooren 115
1785 Merchtem · FlandreSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025
Average workforce: 30,8 ETP

Activities (NACE)

46643Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46693Wholesale of other machinery and equipment

Joint committees (4)

200
20000
200000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 18 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	65,4 M €	+21.7%	53,7 M €	+10.6%	48,5 M €	+11.5%	43,5 M €	+20.8%	36 M €
EBITDA	9,4 M €	+230%	-7,2 M €	-222%	5,9 M €	-13.9%	6,9 M €	+20.1%	5,7 M €
Operating result	9,3 M €	+228%	-7,3 M €	-225%	5,9 M €	-14.0%	6,8 M €	+20.0%	5,7 M €
Net result	8 M €	+199%	-8 M €	-288%	4,3 M €	-14.7%	5 M €	+20.6%	4,1 M €
Balance sheet
Equity	9,1 M €	+688%	1,2 M €	-87.4%	9,2 M €	+16.0%	7,9 M €	+33.7%	5,9 M €
Total assets	13,2 M €	-34.3%	20,1 M €	+69.9%	11,8 M €	+15.2%	10,3 M €	+33.0%	7,7 M €
Cash	1,1 M €	-10.6%	1,3 M €	+95.2%	652,7 k €	+84.5%	353,7 k €	-45.9%	653,7 k €
Debts	4 M €	-78.7%	18,9 M €	+619%	2,6 M €	+13.8%	2,3 M €	+31.5%	1,8 M €
Other
Workforce	30,8 ETP	-1.0%	31,1 ETP	+3.7%	30,0 ETP	+21.5%	24,7 ETP	+13.3%	21,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cornelis Van Ommen	Director02/06/2015 → 09/05/2030
Schreurs0733.688.105Represented by Stefan Schreurs	Director07/10/2019 → 09/05/2030
SSD Ventures BVRepresented by John Van Willigen	Director28/03/2024 → 09/05/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cornelis Hendrik Van Ommen	Directorlisted until the 2023 accounts
VAN BAUWEL0735.797.953Represented by Robrecht Van Bauwel	Director07/10/2019 → 2024 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/07/2026	18/07/2025	13/09/2024	21/06/2023	23/06/2022	09/06/2021
General meeting	19/06/2026	30/06/2025	30/08/2024	25/05/2023	30/05/2022	13/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	30/08/2024	13/09/2024	Dutch	PDF
Full model	31/12/2022	25/05/2023	21/06/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	13/05/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	14/05/2020	08/06/2020	Dutch	PDF
Abridged model	31/12/2018	09/05/2019	05/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/05/2018	14/05/2018	Dutch	PDF
Abridged model	31/12/2016	11/05/2017	15/05/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	25/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	23/07/2015	Dutch	PDF
Full model	31/12/2013	08/05/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	10/05/2013	06/06/2013	Dutch	PDF
Full model	30/04/2012	27/11/2012	18/12/2012	Dutch	PDF
Full model	30/04/2011	17/10/2011	14/11/2011	Dutch	PDF
Abridged model	30/04/2010	15/10/2010	23/11/2010	Dutch	PDF
Abridged model	30/04/2009	15/10/2009	24/11/2009	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cornelis Van Ommen	Director02/06/2015 → 09/05/2030
Schreurs0733.688.105Represented by Stefan Schreurs	Director07/10/2019 → 09/05/2030
SSD Ventures BVRepresented by John Van Willigen	Director28/03/2024 → 09/05/2030

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Cornelis Hendrik Van Ommen	Directorlisted until the 2023 accounts
VAN BAUWEL0735.797.953Represented by Robrecht Van Bauwel	Director07/10/2019 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/04/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Other13/09/2018
DIVERSEN
PDF
Mandates05/06/2018
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

Schreurs

SSD Ventures BV

Cornelis Van Ommen

Cornelis Hendrik Van Ommen

VAN BAUWEL

KPMG Réviseurs d'Entreprises

Robrecht Van Bauwel

Wout Jan Wessels Boer

Maikel van den Dungen

John Van Willegen

Stefan Schreurs

Paul Sandberg

Show the 7 other mandates

200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

smartSDSMARTWARES SECURITY BELGIUMNORBAIN BELGIUM

Dooren 115, 1785 Merchtem

Director

Registered auditor

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Dooren 115, 1785 MerchtemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00301799

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
smartSDCurrent	accounts 2015 → 2025	Accounts 2025 · 2026-00301799
SMARTWARES SECURITY BELGIUM	accounts 2012 → 2014	Accounts 2014 · 2015-34300053
NORBAIN BELGIUM	accounts 2009 → 2012	Accounts 2012 · 2012-66900055

Events

2025
Annual accounts 20258 M €↑
2024
Annual accounts 2024-8 M €↓
2023
Annual accounts 20234,3 M €↓
2022
Annual accounts 20225 M €↑
2021
Annual accounts 20214,1 M €↑
2018
Annual accounts 20182,3 M €↑
2017
Annual accounts 20171,6 M €↑
2016
Annual accounts 20161,2 M €↑
2015
Annual accounts 2015992 k €↑
2015
Name changesmartSD
2014
Annual accounts 2014911,7 k €↑
2013
Annual accounts 2013211,3 k €↑
2012
Annual accounts 2012114,4 k €↑
2012
Name changeSMARTWARES SECURITY BELGIUM
2012
Annual accounts 201258,2 k €↓
2011
Annual accounts 2011325,4 k €↑
2010
Annual accounts 2010-5,4 k €↑
2009
Annual accounts 2009-614,8 k €
28/12/2007
IncorporationPublic limited company

smartSD

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events