Warning lights
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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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SMARTOVATION from Kruisem, company number BE0727886317, closed financial year 2025 with a result of € 31,564 after tax. For that financial year SMARTOVATION recorded a gross margin of € 41,728 and equity of € 196,488. Compared with financial year 2024, the result moved from € 29,287 to € 31,564. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 196,488
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,564
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 2,869
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 3,466 paid out
11 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 30,067
▼ 54% vs 2024
€ 23,598 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 4,979
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 20,427
▼ 13% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 42,847 | € 56,199 | € 38,745 | € 41,728 | ▲ 8% |
| Profit after taxes | € 32,224 | € 42,404 | € 29,287 | € 31,564 | ▲ 8% |
| Equity | € 98,892 | € 140,462 | € 168,390 | € 196,488 | ▲ 17% |
| Total debts | € 169,322 | € 142,161 | € 116,054 | € 83,693 | ▼ 28% |
| Cash | € 8,126 | € 1,917 | € 4,692 | € 2,869 | ▼ 39% |
| Retained profit | € 80,292 | € 121,862 | € 149,790 | € 177,888 | ▲ 19% |
| Dividend | € 800 | € 833 | € 1,359 | € 3,466 | ▲ 155% |
| Bank debt | € 135,797 | € 100,897 | € 65,655 | € 30,067 | ▼ 54% |
| Balance sheet total | € 268,213 | € 282,624 | € 284,444 | € 280,181 | ▼ 1% |
Key figures of SMARTOVATION, 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 SMARTOVATION?
What happened at SMARTOVATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,564 (▲ 8% vs 2024). filed late Source: NBB ↗
- New establishment in Nazareth. KBO
- Fréderick Van Poucke became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 32,224 profit in 2022 to € 31,564 profit in 2025.
Paid € 36,159 in corporate taxes since 2022.
Best year ever: 2023, with € 42,404 profit.
Paid out € 6,458 in dividends to the owners in total.
Management
Behind SMARTOVATION is Fréderick Van Poucke. It owns 100% of West Light itself.
Directors
According to the 2025 annual accounts
Fréderick Van Poucke
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Huisgaverstraat 13
9750 Kruisem
Veldstraat 1/A
9810 Nazareth
Active since 7 June 2019
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0727.886.317
- VAT number
- BE 0727.886.317
- Registered office
- Huisgaverstraat 13, 9750 Kruisem
- Names & denominations
- SMARTOVATION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 2019
- Peppol
- Active · Active since 6 Feb 2026
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