Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Smartfin Capital III from Etterbeek, company number BE0800554064, closed financial year 2025 with a result of € -1.9 million after tax. For that financial year Smartfin Capital III recorded a gross margin of € -1.9 million and equity of € 61.7 million. Compared with financial year 2024, the result moved from € -949,747 to € -1.9 million. The company made a loss. 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 June 3, 2026.
€ 61.7 million
▲ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ 103 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10.8 million
▲ € 10.8 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.3 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 528,819
▲ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,524
▲ € 8,673 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -423,620 | € -1,143,741 | € -1,924,867 | ▼ € 781,126 |
| Profit after taxes | € -429,550 | € -949,747 | € -1,924,626 | ▼ € 974,879 |
| Equity | € 26,004,150 | € 37,370,703 | € 61,696,077 | ▲ 65% |
| Total debts | € 143,002 | € 345,879 | € 9,723,117 | ▲ € 9.4 million |
| Cash | € 124,267 | € 58,405 | € 10,845,446 | ▲ € 10.8 million |
| Retained profit | € -429,550 | € -1,379,297 | € -3,303,923 | ▼ € 1.9 million |
| Balance sheet total | € 26,147,152 | € 37,716,582 | € 71,419,194 | ▲ 89% |
Key figures of Smartfin Capital III, 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 Smartfin Capital III?
What happened at Smartfin Capital III in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.9 million. Source: NBB ↗
- New establishment in Sint-Katelijne-Waver. KBO
- Smartfin Management BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 429,550 loss in 2023 to € 1.9 million loss in 2025.
Paid € 14,447 in corporate taxes since 2023.
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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 ASB PROJECTS, I&DP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Smartfin Capital IIIBehind Smartfin Capital III is Smartfin Management BV. The shares are held by ASB PROJECTS (25%) and I&DP (10%). It owns 23.6% of Maxflow, 21.7% of Incard Group Holding Ltd and 10.3% of Fimple itself.
Directors
According to the 2025 annual accounts
Director · represented by Bart Luyten
Also active at: EYESEE, SMARTFIN CAPITAL, Smartfin Capital II, Smartfin Ventures II
since 2023
Shareholders
25%
10%
Participations
Establishments
Establishment units
Physical locations of this company
Priester Cuypersstraat 3
1040 Etterbeek
Walemstraat 20
2860 Sint-Katelijne-Waver
Active since 7 April 2023
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
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
smartfinvc.com
Registered
2018-06-18
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-06-18
Website info
Features
Security
Network
Details
- Company number
- 0800.554.064
- VAT number
- BE 0800.554.064
- Registered office
- Priester Cuypersstraat 3, 1040 Etterbeek
- Names & denominations
- Smartfin Capital III
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 7 April 2023
- Peppol
- Active · Active since 9 Apr 2025
- Activities · NACE
Activiteiten van holdings
Holdings