Simulating population distribution and land use changes in space and time offer opportunities for smart city planning. It provides a holistic and dynamic vision of fast changing urban environment to policy makers. Impacts, such as environmental and health risks or mobility issues, of policies can be assessed and adapted consequently. In this paper, we suppose that “Smart” city developments should be sustainable, dynamic and participative. This paper addresses these three smart objectives in the context of urban risk assessment in Wallonia, Belgium. The sustainable, dynamic and participative solution includes (i) land cover and land use mapping using remote sensing and GIS, (ii) population density mapping using dasymetric mapping, (iii) predictive modelling of land use changes and population dynamics and (iv) risk assessment. The comprehensive and long-term vision of the territory should help to draw sustainable spatial planning policies, to adapt remote sensing acquisition, to update GIS data and to refine risk assessment from regional to city scale.