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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
SMART FLOW EUROPE from Mouscron, company number BE0472047134, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year SMART FLOW EUROPE recorded revenue of € 21 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 1.5 million to € 1.4 million. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 5.7 million
▲ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▼ 10% vs 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.6 million.
People and assets in 2025
26.9
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 18% vs 2024
€ 77,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.2 million
▼ 14% vs 2024
Of which on lease € 2.2 million.
Debts at end 2025
€ 9.6 million
▼ 16% vs 2024
€ 600,567 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 3.1 million
▲ 126% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 76 days on average.
€ 311,627
▲ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,450,522 | € 18,591,164 | € 19,348,383 | € 21,007,819 | ▲ 9% |
| Profit after taxes | € -2,017,764 | € 416,749 | € 1,549,876 | € 1,397,426 | ▼ 10% |
| Equity | € 2,518,492 | € 2,845,986 | € 4,345,179 | € 5,660,855 | ▲ 30% |
| Total debts | € 19,618,628 | € 16,163,291 | € 13,769,374 | € 13,501,082 | ▼ 2% |
| Cash | € 2,030,273 | € 1,304,129 | € 1,473,149 | € 1,128,008 | ▼ 23% |
| Land & buildings | € 1,985,316 | € 1,946,177 | € 1,767,114 | € 1,627,835 | ▼ 8% |
| Retained profit | € -706,834 | € -290,085 | € 1,259,791 | € 2,626,150 | ▲ 108% |
| Bank debt | € 13,450,410 | € 12,404,004 | € 11,438,015 | € 9,635,242 | ▼ 16% |
| Balance sheet total | € 22,137,120 | € 19,009,278 | € 18,114,553 | € 19,161,937 | ▲ 6% |
| Employees (FTE) | 23.7 | 24.4 | 26.9 | 26.9 |
Key figures of SMART FLOW EUROPE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SMART FLOW EUROPE?
What happened at SMART FLOW EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gesepar SC stepped down as director. NBB
- Jan Vandewiele stepped down as director. NBB
- Pascale Rona stepped down as director. NBB
- Jonathan Vandewiele stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▼ 10% vs 2024). Source: NBB ↗
- Miaceeum SRL became a director. NBB
- Glemyrium SRL became a director. NBB
- Gregory Vandewiele stepped down as director. NBB
In short
From € 2 million loss in 2022 to € 1.4 million profit in 2025.
Paid € 346,528 in corporate taxes since 2022.
Best year ever: 2024, with € 1.5 million profit.
Pays suppliers within 76 days on average.
Management
Behind SMART FLOW EUROPE are Miaceeum SRL and Glemyrium SRL. The same people are also behind ELYSIUM. Miaceeum SRL is also behind GAMMA-WOPLA.
Directors
According to the 2025 annual accounts
since 2025
since 2025
since 2023 · until 2029
Gregory Vandewiele
Director
since 2023 · until 2025
since 2023 · until 2029
Jonathan Vandewiele
Director
since 2023 · until 2029
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Plavitoutstraat 133
7700 Mouscron
Royennestraat 47 box B
7700 Mouscron
Active since 28 September 2000
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.047.134
- VAT number
- BE 0472.047.134
- Registered office
- Plavitoutstraat 133, 7700 Mouscron
- Names & denominations
- SMART FLOW EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 June 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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