Financials
Financial year 2025
SMARTax from Oudenaarde, company number BE0787313168, closed financial year 2025 with a result of € 85,737 after tax. For that financial year SMARTax recorded a gross margin of € 125,160 and equity of € 147,029. Compared with financial year 2024, the result moved from € 82,126 to € 85,737. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 5, 2026.
€ 147,029
▼ 30% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 85,737
▲ 4% vs 2024
Profit after tax over the fiscal year.
€ 124,961
▲ 20% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 150,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 30,964
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 16,471
▼ 33% vs 2024
€ 8,438 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,561
▲ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,917
▼ 35% 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 | € 67,623 | € 105,644 | € 115,149 | € 125,160 | ▲ 9% |
| Profit after taxes | € 53,475 | € 77,956 | € 82,126 | € 85,737 | ▲ 4% |
| Equity | € 52,875 | € 129,165 | € 211,291 | € 147,029 | ▼ 30% |
| Total debts | € 41,323 | € 69,078 | € 77,726 | € 130,175 | ▲ 67% |
| Cash | € 77,733 | € 146,977 | € 104,283 | € 124,961 | ▲ 20% |
| Retained profit | € 51,875 | € 128,165 | € 210,291 | € 146,029 | ▼ 31% |
| Dividend | € 1,600 | € 1,666 | € 0 | € 150,000 | |
| Bank debt | € 0 | € 32,381 | € 24,583 | € 16,471 | ▼ 33% |
| Balance sheet total | € 94,198 | € 198,243 | € 289,018 | € 277,204 | ▼ 4% |
Key figures of SMARTax, 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 SMARTax?
What happened at SMARTax in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 85,737 (▲ 4% vs 2024). Source: NBB ↗
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,475 profit in 2022 to € 85,737 profit in 2025.
Paid € 82,763 in corporate taxes since 2022.
Best year ever: 2025, with € 85,737 profit.
Paid out € 153,266 in dividends to the owners in total.
Management
Behind SMARTax is Matthias Jacques Penninck.
Directors
According to the 2025 annual accounts
Matthias Jacques Penninck
Director
Establishments
Establishment units
Physical locations of this company
Huttegem 57
9700 Oudenaarde
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0787.313.168
- VAT number
- BE 0787.313.168
- Registered office
- Huttegem 57, 9700 Oudenaarde
- Names & denominations
- SMARTax
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 June 2022
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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