What does smartSD do?

smartSD is a wholesaler in Merchtem. Public Limited, started on 28 December 2007, 1 establishment.

What is the address of smartSD?

The registered office of smartSD is located at Dooren 115, 1785 Merchtem.

Is smartSD still active?

Yes. According to the CBE (15 November 2026) smartSD is active, legal situation “Normale toestand”, started on 28 December 2007.

Is smartSD registered on Peppol?

Yes, smartSD is registered on the Peppol network with ID 0208:0894523310.

What is the enterprise number of smartSD?

The enterprise number of smartSD is BE0894523310.

When was smartSD founded?

smartSD was founded on 28 December 2007.

Who are the directors of smartSD?

According to the 2025 annual accounts, the directors of smartSD are: SCHREURS BV, Cornelis Van Ommen, SSD Ventures BV.

Is smartSD a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 December 2007; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account; 1 events from the Belgian Official Gazette processed.

How much profit did smartSD make in 2025?

smartSD posted a profit after taxes of € 7,960,030 in financial year 2025.

What is the revenue of smartSD?

In its most recent annual accounts (2025), smartSD reported revenue of € 65,361,492.

How much does an employee at smartSD earn?

The average wage cost per full-time employee at smartSD was € 116,600 in 2025: staff costs of € 3.6 million for 30.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does smartSD have?

According to the 2025 annual accounts, smartSD has 30.8 full-time equivalents (FTE).

smartSD (Public Limited) - Merchtem - BE0894523310

Dossier smartSD, printed on 15 November 2026 from databakkes.be/en/0894523310/smartsd. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

smartSD from Merchtem, company number BE0894523310, closed financial year 2025 with a result of € 8 million after tax. For that financial year smartSD recorded revenue of € 65.4 million and equity of € 9.1 million. Compared with financial year 2024, the result moved from € -8 million to € 8 million. 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 July 9, 2026.

What it is worth Growing

€ 9.1 million

▲ € 8 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 8 million

▲ still € 8 million loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.1 million

▼ 11% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 9.1 million.

People and assets in 2025

Full-time equivalents

30.8

▼ 0.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 3.6 million

▲ 10% vs 2024

€ 116,600 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.

Vehicles and equipment

€ 13,660

▼ 21% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 1.1 million

▼ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 8 days on average.

Taxes and wages

€ 2 million

▲ 66% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 43,545,055 Revenue 2022: € 43,545,055 First fiscal year in the series	€ 48,548,167 Revenue 2023: € 48,548,167 ▲ 11% vs 2022 (€ 43,545,055) Favourable step	€ 53,695,746 Revenue 2024: € 53,695,746 ▲ 11% vs 2023 (€ 48,548,167) Favourable step	€ 65,361,492 Revenue 2025: € 65,361,492 ▲ 22% vs 2024 (€ 53,695,746) Favourable step	▲ 22%
Profit after taxes	€ 4,993,631 Profit after taxes 2022: € 4,993,631 First fiscal year in the series	€ 4,260,558 Profit after taxes 2023: € 4,260,558 ▼ 15% vs 2022 (€ 4,993,631) Unfavourable step	€ -8,006,539 Profit after taxes 2024: € -8,006,539 ▼ € 12.3 million vs 2023 (€ 4,260,558) Unfavourable step	€ 7,960,030 Profit after taxes 2025: € 7,960,030 ▲ € 16 million vs 2024 (€ -8,006,539) Favourable step	▲ € 16 million
Equity	€ 7,902,356 Equity 2022: € 7,902,356 First fiscal year in the series	€ 9,162,919 Equity 2023: € 9,162,919 ▲ 16% vs 2022 (€ 7,902,356) Favourable step	€ 1,156,380 Equity 2024: € 1,156,380 ▼ 87% vs 2023 (€ 9,162,919) Unfavourable step	€ 9,116,411 Equity 2025: € 9,116,411 ▲ € 8 million vs 2024 (€ 1,156,380) Favourable step	▲ € 8 million
Total debts	€ 2,352,738 Total debts 2022: € 2,352,738 First fiscal year in the series	€ 2,654,951 Total debts 2023: € 2,654,951 ▲ 13% vs 2022 (€ 2,352,738) Unfavourable step	€ 18,920,305 Total debts 2024: € 18,920,305 ▲ € 16.3 million vs 2023 (€ 2,654,951) Unfavourable step	€ 4,070,289 Total debts 2025: € 4,070,289 ▼ 78% vs 2024 (€ 18,920,305) Favourable step	▼ 78%
Cash	€ 353,740 Cash 2022: € 353,740 First fiscal year in the series	€ 652,671 Cash 2023: € 652,671 ▲ 85% vs 2022 (€ 353,740) Favourable step	€ 1,274,187 Cash 2024: € 1,274,187 ▲ 95% vs 2023 (€ 652,671) Favourable step	€ 1,138,641 Cash 2025: € 1,138,641 ▼ 11% vs 2024 (€ 1,274,187) Unfavourable step	▼ 11%
Retained profit	€ 7,840,856 Retained profit 2022: € 7,840,856 First fiscal year in the series	€ 9,101,419 Retained profit 2023: € 9,101,419 ▲ 16% vs 2022 (€ 7,840,856) Favourable step	€ 1,094,880 Retained profit 2024: € 1,094,880 ▼ 88% vs 2023 (€ 9,101,419) Unfavourable step	€ 9,054,911 Retained profit 2025: € 9,054,911 ▲ € 8 million vs 2024 (€ 1,094,880) Favourable step	▲ € 8 million
Dividend	€ 2,999,995 Dividend 2022: € 2,999,995 First fiscal year in the series	€ 2,999,995 Dividend 2023: € 2,999,995 Unchanged (€ 2,999,995) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 2,999,995) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 10,255,094 Balance sheet total 2022: € 10,255,094 First fiscal year in the series	€ 11,817,870 Balance sheet total 2023: € 11,817,870 ▲ 15% vs 2022 (€ 10,255,094) Unchanged	€ 20,076,685 Balance sheet total 2024: € 20,076,685 ▲ 70% vs 2023 (€ 11,817,870) Unchanged	€ 13,186,699 Balance sheet total 2025: € 13,186,699 ▼ 34% vs 2024 (€ 20,076,685) Unchanged	▼ 34%
Employees (FTE)	24.7 Employees (FTE) 2022: 24.7 First fiscal year in the series	30 Employees (FTE) 2023: 30 ▲ 5.3 vs 2022 (24.7) Unchanged	31.1 Employees (FTE) 2024: 31.1 ▲ 1.1 vs 2023 (30) Unchanged	30.8 Employees (FTE) 2025: 30.8 ▼ 0.3 vs 2024 (31.1) Unchanged	▼ 0.3

By revenue, smartSD ranks 11th of 46 companies with main activity “Groothandel in elektrisch materiaal, inclusief installatiemateriaal” in Flemish Brabant that publish figures (fiscal year 2025).

Key figures of smartSD, 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.

Ask about smartSD the way you would ask their accountant.

Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.

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What happened to smartSD?

What happened at smartSD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 SCHREURS BV stepped down as director. NBB
2030 Cornelis Van Ommen stepped down as director. NBB
Jul 9, 2026 New annual accounts for financial year 2025: profit of € 8 million. Source: NBB ↗
2026 SSD Ventures BV stepped down as director. NBB
2024 SCHREURS BV became a director. NBB
2024 Cornelis Van Ommen became a director. NBB
2024 SSD Ventures BV became a director. NBB
Jan 8, 2008 Incorporation, published in the Gazette. Source: Staatsblad ↗

In short

From € 5 million profit in 2022 to € 8 million profit in 2025.

Paid € 3.9 million in corporate taxes since 2022.

Best year ever: 2025, with € 8 million profit.

Paid out € 6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

SSD Ventures 100%

smartSD

The shares are held by SSD Ventures (100%).

Directors

According to the 2025 annual accounts

SCHREURS BV

Director · represented by Stefan Schreurs

since 2024 · until 2030

Cornelis Van Ommen

Director

since 2024 · until 2030

SSD Ventures BV

Director · represented by John Van Willigen

since 2024 · until 2026

Shareholders

SSD Ventures

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Dooren 115

1785 Merchtem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

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All companies with this activity → Largest companies in Merchtem →

Shareholders according to the Official Gazette deeds

Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.

Incorporation

8 January 2008 Source: Deed ↗

NORBAIN LIMITED(oprichter) 99.8%
LAZARUS William lan David(oprichter) 0.2%

Details

Company number: 0894.523.310
VAT number: BE 0894.523.310
Registered office: Dooren 115, 1785 Merchtem
Names & denominations: smartSD
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 28 December 2007
Peppol: Active · Active since 1 Jan 2001
Activities · NACE: Groothandel in elektrisch materiaal, inclusief installatiemateriaal

View on CBE Public ↗ Annual accounts (NBB) ↗