Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Shrinking team NBB
FTE fell two years in a row, from 2.5 to 2.1.
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Busy address KBO
63 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Smooth Sailing from Leuven, company number BE0787723538, closed financial year 2025 with a result of € -33,010 after tax. For that financial year Smooth Sailing recorded a gross margin of € 154,561 and equity of € -25,683. Compared with financial year 2024, the result moved from € 182,180 to € -33,010. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -25,683
▼ € 33,010 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,010
▼ still € 182,180 profit in 2024
Profit after tax over the fiscal year.
€ 31,486
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -28,683.
People and assets in 2025
2.1
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 185,277
▲ 14% vs 2024
€ 88,200 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.
€ 1,452
▼ 69% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 123,543
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,905
▼ 59% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 356,979 | € 350,738 | € 154,561 | ▼ 56% |
| Profit after taxes | € 72,146 | € 182,180 | € -33,010 | ▼ € 215,190 |
| Equity | € 5,146 | € 7,326 | € -25,683 | ▼ € 33,010 |
| Total debts | € 161,337 | € 294,233 | € 135,670 | ▼ 54% |
| Cash | € 57,309 | € 215,483 | € 31,486 | ▼ 85% |
| Retained profit | € 2,146 | € 4,326 | € -28,683 | ▼ € 33,010 |
| Dividend | € 70,000 | € 180,000 | € 0 | ▼ 100% |
| Bank debt | € 13,530 | € 0 | € 0 | |
| Balance sheet total | € 166,484 | € 301,559 | € 109,986 | ▼ 64% |
| Employees (FTE) | 2.5 | 2.4 | 2.1 | ▼ 0.3 |
Key figures of Smooth Sailing, fiscal years 2023 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 Smooth Sailing?
What happened at Smooth Sailing in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 33,010 (▼ € 215,190 vs 2024). filed late Source: NBB ↗
- Mrs & Mr VOF stepped down as director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,146 profit in 2023 to € 33,010 loss in 2025.
Paid € 7,285 in corporate taxes since 2023.
Best year ever: 2024, with € 182,180 profit.
On average € 73,600 of value added per employee in 2025.
Management
The stake of madewithlove comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Smooth SailingBehind Smooth Sailing is madewithlove BV. The shares are held by madewithlove (100%).
Directors
According to the 2025 annual accounts
Director · represented by Andreas Creten
Director · represented by Hannes D'Hulster
· until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sluisstraat 79 box 3.01
3000 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 63 companies are registered at this address.
All companies at this address →Landelijke Vereniging Outward Bound School België
€ 231,684 gross margin · 2025
ALTERA
€ 77,593 gross margin · 2025
OUTWARD BOUND TRAINING CENTER
€ 395,615 gross margin · 2025
TENFORCE
€ 7.8 million revenue · 2025
VECTOR BROSS
€ 563,585 gross margin · 2025
+58 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
DNS
Cloudflare DNS
Website info
Features
Security
Details
- Company number
- 0787.723.538
- VAT number
- BE 0787.723.538
- Registered office
- Sluisstraat 79 bus 3.01, 3000 Leuven
- Names & denominations
- Smooth Sailing
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2022
- Peppol
- Active · Active since 31 Oct 2023
- Contact
- smoothsailing.be [email protected]
- Activities · NACE
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