Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
SMART SQUARE DEVELOPMENT from Torhout, company number BE0669677409, closed financial year 2025 with a result of € -53,973 after tax. For that financial year SMART SQUARE DEVELOPMENT recorded a gross margin of € -52,777 and equity of € 7,962. Compared with financial year 2024, the result moved from € -70,955 to € -53,973. The company made a loss. The buffer shrank hard: equity is 87 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 7,962
▼ 87% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -53,973
▲ 24 % less loss than in 2024
Profit after tax over the fiscal year.
€ 4,215
▲ € 3,391 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -942,038.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 229,706
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 461
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -229,093 | € -171,236 | € 24,687 | € -52,777 | ▼ € 77,465 |
| Profit after taxes | € -340,220 | € -257,028 | € -70,955 | € -53,973 | ▲ € 16,982 |
| Equity | € 389,917 | € 132,889 | € 61,935 | € 7,962 | ▼ 87% |
| Total debts | € 2,942,677 | € 3,179,347 | € 3,303,125 | € 3,268,310 | ▼ 1% |
| Cash | € 1,664 | € 43 | € 824 | € 4,215 | ▲ € 3,391 |
| Retained profit | € -560,083 | € -817,111 | € -888,065 | € -942,038 | ▼ € 53,973 |
| Balance sheet total | € 3,332,594 | € 3,312,236 | € 3,365,059 | € 3,276,271 | ▼ 3% |
Key figures of SMART SQUARE DEVELOPMENT, 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 SQUARE DEVELOPMENT?
What happened at SMART SQUARE DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 53,973. Source: NBB ↗
- New establishment in Torhout. KBO
- Start of the company according to the CBE. KBO
In short
From € 340,220 loss in 2022 to € 53,973 loss in 2025.
A new publication or filing at SMART SQUARE DEVELOPMENT? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of woodstok comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SMART SQUARE DEVELOPMENTBehind SMART SQUARE DEVELOPMENT is Xavier Cappelle. The shares are held by woodstok (99.9%).
Directors
According to the 2025 annual accounts
Xavier Cappelle
Director
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortemarkstraat 64
8820 Torhout
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0669.677.409
- VAT number
- BE 0669.677.409
- Registered office
- Kortemarkstraat 64, 8820 Torhout
- Names & denominations
- SMART SQUARE DEVELOPMENT · SmartSquareD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 January 2017
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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