Financials
Financial year 2025
ThinkITsmart from Grâce-Hollogne, company number BE0683610567, closed financial year 2025 with a result of € 43,567 after tax. For that financial year ThinkITsmart recorded a gross margin of € 957,116 and equity of € 444,189. Compared with financial year 2024, the result moved from € -53,654 to € 43,567. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 444,189
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,567
▲ still € 53,654 loss in 2024
Profit after tax over the fiscal year.
€ 65,887
▼ 5% 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 € -647,059.
People and assets in 2025
8.4
▲ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 629,933
▲ 101% vs 2024
€ 75,000 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.
€ 4,524
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 234,043
▼ 10% vs 2024
€ 72,600 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 87,326
▲ 132% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 103,618
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 420,944 | € 489,806 | € 388,598 | € 957,116 | ▲ 146% |
| Profit after taxes | € -30,416 | € 993 | € -53,654 | € 43,567 | ▲ € 97,222 |
| Equity | € 510,776 | € 604,921 | € 408,046 | € 444,189 | ▲ 9% |
| Total debts | € 624,929 | € 682,135 | € 979,594 | € 984,870 | ▲ 1% |
| Cash | € 84,089 | € 68,037 | € 69,182 | € 65,887 | ▼ 5% |
| Retained profit | € -637,966 | € -636,972 | € -690,627 | € -647,059 | ▲ € 43,567 |
| Bank debt | € 260,000 | € 250,910 | € 259,040 | € 234,043 | ▼ 10% |
| Balance sheet total | € 1,135,704 | € 1,287,056 | € 1,387,640 | € 1,429,059 | ▲ 3% |
| Employees (FTE) | - | - | 4.8 | 8.4 | ▲ 3.6 |
Key figures of ThinkITsmart, 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 ThinkITsmart?
What happened at ThinkITsmart in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- THOMAS MARECHAL stepped down as director. NBB
- Lode DEBACKERE stepped down as director. NBB
- AXEL PALMAERS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 43,567. Source: NBB ↗
- THOMAS MARECHAL became a director. NBB
- Lode DEBACKERE became a director. NBB
- AXEL PALMAERS became a director. NBB
- New establishment in Seraing. KBO
In short
From € 30,416 loss in 2022 to € 43,567 profit in 2025.
Best year ever: 2025, with € 43,567 profit.
On average € 113,900 of value added per employee in 2025.
Management
The stake of LEANSQUARE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ThinkITsmartThe shares are held by LEANSQUARE (16.1%).
Directors
According to the 2025 annual accounts
since 2026 · until 2032
since 2026 · until 2032
since 2026 · until 2032
Shareholders
16.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Fort 3/6
4460 Grâce-Hollogne
Rue du Bois St-Jean 15 box 1
4102 Seraing
Active since 23 October 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0683.610.567
- VAT number
- BE 0683.610.567
- Registered office
- Rue du Fort 3/6, 4460 Grâce-Hollogne
- Names & denominations
- ThinkITsmart
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 October 2017
- Peppol
- Active · Active since 10 Apr 2024
- Activities · NACE
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