Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
Smartvalue Distribution from Liège, company number BE1004124303, closed financial year 2026 with a result of € 4,195 after tax. For that financial year Smartvalue Distribution recorded a gross margin of € 8,039 and equity of € 21,929. Compared with financial year 2025, the result moved from € -32,266 to € 4,195. 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 September 21, 2026.
€ 21,929
▲ 24% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 4,195
▲ still € 32,266 loss in 2025
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € -28,071.
Debts at end 2026
€ 8,202
Loans from banks and other lenders, long and short.
€ 26,385
▼ 36% vs 2025
Supplier invoices still open on the last day of the fiscal year.
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| 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|
| Gross margin | € -30,765 | € 8,039 | ▲ € 38,804 |
| Profit after taxes | € -32,266 | € 4,195 | ▲ € 36,461 |
| Equity | € 17,734 | € 21,929 | ▲ 24% |
| Total debts | € 42,072 | € 34,587 | ▼ 18% |
| Cash | € 487 | - | |
| Retained profit | € -32,266 | € -28,071 | ▲ € 4,195 |
| Bank debt | € 0 | € 8,202 | |
| Balance sheet total | € 59,806 | € 56,516 | ▼ 6% |
Key figures of Smartvalue Distribution, fiscal years 2025 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to Smartvalue Distribution?
What happened at Smartvalue Distribution in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 4,195. Source: NBB ↗
- MICHAEL HAMELRIJCK became a director. NBB
- Stefaan Vandamme stepped down as director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
- Stefan Goethaert became a director. NBB
- Kris Castelein became a director. NBB
- Jo Willemyns became a director. NBB
In short
From € 32,266 loss in 2025 to € 4,195 profit in 2026.
Best year ever: 2026, with € 4,195 profit.
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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
Behind Smartvalue Distribution are MICHAEL HAMELRIJCK, Stefan Goethaert, Kris Castelein and Jo Willemyns. The shares are held by Newpharma Group (100%).
Directors
According to the 2026 annual accounts
since 2026
since 2023
since 2023
since 2023
since 2023 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Charbonnage 9
4020 Liège
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.
Details
- Company number
- 1004.124.303
- VAT number
- BE 1004.124.303
- Registered office
- Rue du Charbonnage 9, 4020 Liège
- Names & denominations
- Smartvalue Distribution
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 2024
- Peppol
- Active · Active since 3 Sept 2025
- Activities · NACE
Groothandel in farmaceutische en medische artikelen
Detailhandel in farmaceutische producten