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 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Smudged from Antwerpen, company number BE0799667307, closed financial year 2025 with a result of € 30,114 after tax. For that financial year Smudged recorded a gross margin of € 453,312 and equity of € -72,893. Compared with financial year 2024, the result moved from € -28,095 to € 30,114. Profitable, and profit is growing. 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 July 30, 2026.
€ -72,893
▲ € 30,114 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 30,114
▲ still € 28,095 loss in 2024
Profit after tax over the fiscal year.
€ 18,050
▼ 52% 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 € -82,893.
People and assets in 2025
8.7
Average over the fiscal year, from the social balance sheet.
€ 348,042
▲ 23% vs 2024
€ 40,000 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.
€ 22,557
▼ 31% vs 2024
Of which on lease € 3,548.
Debts at end 2025
€ 263,093
▼ 24% vs 2024
€ 25,647 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 49,805
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 74,025
▼ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -61,438 | € 327,969 | € 453,312 | ▲ 38% |
| Profit after taxes | € -84,912 | € -28,095 | € 30,114 | ▲ € 58,209 |
| Equity | € -74,912 | € -103,007 | € -72,893 | ▲ € 30,114 |
| Total debts | € 433,220 | € 486,064 | € 391,249 | ▼ 20% |
| Cash | € 14,206 | € 37,426 | € 18,050 | ▼ 52% |
| Retained profit | € -84,912 | € -113,007 | € -82,893 | ▲ € 30,114 |
| Bank debt | € 381,000 | € 344,010 | € 263,093 | ▼ 24% |
| Balance sheet total | € 358,308 | € 383,057 | € 318,356 | ▼ 17% |
| Employees (FTE) | - | - | 8.7 |
Key figures of Smudged, 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 Smudged?
What happened at Smudged in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 30,114. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Didier Van den Broeck became a director. NBB
- Lieven Pauwelyn became a director. NBB
- Niels Eysermans became a director. NBB
- Marco Min became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 84,912 loss in 2023 to € 30,114 profit in 2025.
Best year ever: 2025, with € 30,114 profit.
On average € 52,100 of value added per employee in 2025.
A new publication or filing at Smudged? 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 DOGMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SmudgedBehind Smudged are Didier Van den Broeck, Lieven Pauwelyn, Niels Eysermans and Marco Min. The shares are held by DOGMA (20%).
Directors
According to the 2025 annual accounts
Shareholders
20%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Paulusplaats 20
2000 Antwerpen
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.
Website
Technologies
Hosting & Email
Email provider
one.com Mail
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0799.667.307
- VAT number
- BE 0799.667.307
- Registered office
- Sint-Paulusplaats 20, 2000 Antwerpen
- Names & denominations
- Smudged
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 2023
- Peppol
- Active · Active since 19 Jul 2024
- Contact
- smudged.be
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Cafés en bars
Eetgelegenheden met volledige bediening