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.
€ 9.1 million
▲ € 8 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8 million
▲ still € 8 million loss in 2024
Profit after tax over the fiscal year.
€ 1.1 million
▼ 11% 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 € 9.1 million.
People and assets in 2025
30.8
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 13,660
▼ 21% 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.
€ 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.
€ 2 million
▲ 66% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 43,545,055 | € 48,548,167 | € 53,695,746 | € 65,361,492 | ▲ 22% |
| Profit after taxes | € 4,993,631 | € 4,260,558 | € -8,006,539 | € 7,960,030 | ▲ € 16 million |
| Equity | € 7,902,356 | € 9,162,919 | € 1,156,380 | € 9,116,411 | ▲ € 8 million |
| Total debts | € 2,352,738 | € 2,654,951 | € 18,920,305 | € 4,070,289 | ▼ 78% |
| Cash | € 353,740 | € 652,671 | € 1,274,187 | € 1,138,641 | ▼ 11% |
| Retained profit | € 7,840,856 | € 9,101,419 | € 1,094,880 | € 9,054,911 | ▲ € 8 million |
| Dividend | € 2,999,995 | € 2,999,995 | € 0 | € 0 | |
| Balance sheet total | € 10,255,094 | € 11,817,870 | € 20,076,685 | € 13,186,699 | ▼ 34% |
| Employees (FTE) | 24.7 | 30 | 31.1 | 30.8 | ▼ 0.3 |
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.
What happened to smartSD?
What happened at smartSD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SCHREURS BV stepped down as director. NBB
- Cornelis Van Ommen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8 million. Source: NBB ↗
- SSD Ventures BV stepped down as director. NBB
- SCHREURS BV became a director. NBB
- Cornelis Van Ommen became a director. NBB
- SSD Ventures BV became a director. NBB
- Start of the company according to the CBE. KBO
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.
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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 shares are held by SSD Ventures (100%).
Directors
According to the 2025 annual accounts
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
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.
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