Keeping the meaning the same:
* Is: He is a smart child. (Present tense)
* Has been: He has been a smart child. (Present perfect, emphasizing a continued state)
* Used to be: He used to be a smart child. (Past tense, implying a change)
* Was considered: He was considered a smart child. (Passive voice, emphasizing perception)
Changing the meaning slightly:
* Seems: He seems like a smart child. (Implies an observation)
* Appears: He appears to be a smart child. (Implies a belief)
* Could be: He could be a smart child. (Implies possibility)
For a more informal style:
* He's: He's a smart kid. (Contraction for "He is")
The best replacement depends on the context and the intended meaning.