BETA Systems Software
ActiveSummary
BETA Systems Software has been active since 1997 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €764,894 and a net result of €64,548. Equity is growing by about 53% per year across the filed financial years. Its solvency ranks better than 69% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 0.8 FTE
- Equity
- €764,894
- Profit
- €64,548
- JOSSERAND François Raymond PaulDirector
- Gerald Robert SchmeddingDirector
Why 88raises riskLiquidity: current ratio 41.88, cash €2,491, halvedlowers riskFounded in 1997Size: 0.8 FTE, total assets €1.3mEquity €764,894 (56.9% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 49% on solvency, 30% on liquidity, 33% on profitability and 55% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than doubledcurrent ratio 41.88
- Resignation: Rigas Paschaloudis (director)Appointment: Gerald Robert Schmedding (director)…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 80% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,041 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €50,645 | €50,102 | €59,366 | €59,838 | €62,982 | ▲ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,748 | €34,067 | €34,363 | €34,363 | €34,043 | €33,748 | €33,748 | = |
| Other operating charges640/8 | - | - | €1,160 | €902 | €706 | €1,042 | €1,010 | ▼ 3.1% |
| Gross operating margin9900 | €229,924 | €264,259 | €406,031 | €16,245 | €526,532 | €460,775 | €169,402 | ▼ 63.2% |
| Operating profit (loss)9901 | €104,937 | €178,760 | €319,863 | -€69,122 | €432,417 | €366,147 | €71,662 | ▼ 80.4% |
| Financial income75/76B | - | - | - | - | €9,549 | €24,367 | €19,373 | ▼ 20.5% |
| Recurring financial income75 | - | - | - | - | €9,549 | €24,367 | €19,373 | ▼ 20.5% |
| Financial charges65/66B | - | - | €250 | €827 | €921 | €6,985 | €753 | ▼ 89.2% |
| Recurring financial charges65 | €653 | €755 | €250 | €827 | €921 | €6,985 | €753 | ▼ 89.2% |
| Profit (loss) for the period before taxes9903 | €104,284 | €178,006 | €319,613 | -€69,949 | €441,045 | €383,529 | €90,282 | ▼ 76.5% |
| Income taxes67/77 | €48 | €46 | €7,086 | - | €87,627 | €101,593 | €25,734 | ▼ 74.7% |
| Profit (loss) for the period9904 | €104,236 | €177,960 | €312,527 | -€69,949 | €353,418 | €281,936 | €64,548 | ▼ 77.1% |
| Profit (loss) for the period to be appropriated9905 | €104,236 | €177,960 | €312,527 | -€69,949 | €353,418 | €281,936 | €64,548 | ▼ 77.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.4m | €0.3m | €0.5m | €0.4m | €1.0m | €1.2m | €1.3m | ▲ 7.9% |
| Fixed assets21/28 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.07m | ▼ 31.5% |
| Intangible fixed assets21 | €0.3m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.07m | ▼ 33.3% |
| Tangible fixed assets22/27 | - | €0.002m | €0.001m | €295 | - | - | - | - |
| Furniture and vehicles24 | - | - | €0.001m | €295 | - | - | - | - |
| Financial fixed assets28 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | ▲ 0.5% |
| Current assets29/58 | €0.1m | €0.09m | €0.3m | €0.2m | €0.8m | €1.1m | €1.3m | ▲ 11.7% |
| Amounts receivable within one year40/41 | €0.07m | €0.02m | €0.2m | €0.005m | €0.7m | €1.1m | €1.2m | ▲ 13.9% |
| Trade receivables40 | - | - | €0.2m | €0.005m | €0.5m | €0.1m | €0.1m | ▲ 17.8% |
| Other amounts receivable41 | - | - | - | - | €0.2m | €1.0m | €1.1m | ▲ 13.4% |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.05m | €0.04m | €0.01m | €0.01m | €0.002m | ▼ 75.9% |
| Deferred charges and accrued income490/1 | - | - | €0.02m | €0.2m | €0.1m | €0.03m | €0.02m | ▼ 32.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.4m | €0.3m | €0.5m | €0.4m | €1.0m | €1.2m | €1.3m | ▲ 7.9% |
| Equity10/15 | -€0.4m | -€0.2m | €0.1m | €0.06m | €0.4m | €0.7m | €0.8m | ▲ 9.2% |
| Contributions10/11 | €0.05m | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Non-distributable reserves130/1 | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Reserves not available under the articles1311 | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.2m | €0.08m | €0.01m | €0.4m | €0.6m | €0.7m | ▲ 10.0% |
| Amounts payable17/49 | €0.8m | €0.5m | €0.3m | €0.3m | €0.6m | €0.5m | €0.6m | ▲ 6.3% |
| Amounts payable within one year42/48 | €0.3m | €0.2m | €0.06m | €0.05m | €0.2m | €0.08m | €0.03m | ▼ 61.0% |
| Trade debts44 | €0.02m | €0.008m | €0.002m | €128 | €0.009m | €0.001m | €343 | ▼ 72.2% |
| Suppliers440/4 | - | - | €0.002m | €128 | €0.009m | €0.001m | €343 | ▼ 72.2% |
| Taxes, remuneration and social security45 | - | - | €0.02m | €0.009m | €0.2m | €0.08m | €0.03m | ▼ 61.1% |
| Taxes450/3 | - | - | €0.01m | €0.001m | €0.2m | €0.07m | €0.02m | ▼ 65.6% |
| Remuneration and social security454/9 | - | - | €0.01m | €0.007m | €0.008m | €0.005m | €0.005m | ▲ 1.2% |
| Other amounts payable47/48 | - | - | €0.03m | €0.05m | - | - | €267 | - |
| Accrued charges and deferred income492/3 | - | - | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 17.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,236 | €177,960 | €312,527 | -€69,949 | €353,418 | €281,936 | €64,548 | ▼ 77.1% |
| + Depreciation and write-downs630 | €33,748 | €34,067 | €34,363 | €34,363 | €34,043 | €33,748 | €33,748 | = |
| Operating cash flow (approximation) | €137,984 | €212,027 | €346,890 | -€35,586 | €387,461 | €315,684 | €98,296 | ▼ 68.9% |
| Investment in fixed assets (approximation) | - | -€1,843 | €0 | -€0 | €400 | -€30 | -€30 | = |
| Change in cash | - | €33,025 | -€705 | -€12,587 | -€25,857 | €805 | -€7,835 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 23-04-2026 | 2026-00088493 |
| 30-09-2024 | full format | 30-04-2025 | 2025-00090648 |
| 30-09-2023 | full format | 29-04-2024 | 2024-00073536 |
| 30-09-2022 | full format | 18-04-2023 | 2023-00063432 |
| 30-09-2021 | full format | 30-04-2022 | 2022-20017942 |
| 30-09-2020 | full format | 30-04-2021 | 2021-13400523 |
| 30-09-2019 | full format | 19-05-2020 | 2020-12600576 |
| 30-09-2018 | full format | 20-05-2019 | 2019-13700277 |
| 30-09-2017 | full format | 29-05-2018 | 2018-14700559 |
| 30-09-2016 | full format | 18-05-2017 | 2017-12900233 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JOSSERAND François Raymond Paul |
|
| Gerald Robert Schmedding |
|
| Rigas Paschaloudis |
|
| Dr. Andreas HUTH |
|
Owners and capital
Capital and shareholders
- 10-01-2024 Converted to available equity · €49,579.70
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-08
Gazette deed
Resignation: Rigas Paschaloudis (director)Appointment: Gerald Robert Schmedding (director) · Power of attorney6 facts ▸
- General meeting, 24-06-2025
- Director resignation, Rigas Paschaloudis (director)
- Director appointment, Gerald Robert Schmedding (director)
- Board composition, François Josserand (director)
- Board composition, Gerald Robert Schmedding (director)
- Power of attorney, Edwin Heitkamp
10-01
Gazette deed
Resignations: JOSSERAND François Raymond Paul (manager) and PASCHALOUDIS Rigas (manager)Appointments: JOSSERAND François Raymond Paul (director) and PASCHALOUDIS Rigas (director) · Registered office clause · Capital conversion12 facts ▸
- Director resignation, JOSSERAND François Raymond Paul (manager)
- Director resignation, PASCHALOUDIS Rigas (manager)
- Director appointment, JOSSERAND François Raymond Paul (director (not named in the articles))
- Director appointment, PASCHALOUDIS Rigas (director (not named in the articles))
- Other provision, 13-12-2023
- Other provision, “décharge aux gérants démissionnaires pour exécution du mandat, prochaine assemblée générale annuelle” (deed in French)
- Registered office clause, “Avenue Jean Monnet 1,1348 Ottignies-Louvain-la-Neuve, Sixième résolution” (deed in French)
- General meeting, 27-12-2023
- Other provision, “Première résolution - adaptation aux CSA et maintien SRL, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte d'apport librement disponible” (deed in French)
- Other provision, “formes et majorités de la modification des statuts, suppression compte de capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
31-07
Gazette deed
Resignation: Dr. Andreas HUTH (director)Appointment: Rigas PASCHALOUDIS (director)5 facts ▸
- General meeting, 04-07-2023
- Director resignation, Dr. Andreas HUTH (director)
- Director appointment, Rigas PASCHALOUDIS (director)
- Board composition, Rigas PASCHALOUDIS (director)
- Board composition, François JOSSERAND (director)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25384A0101/00W000 | Wallonia | 8.8 ha | 1 · 654 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat,la vente,l’importation,l’exportation,le négoce,l’installation et la mise en œuvre,l’entretien de produits informatiques et plus…” (deed in French)
2 activities (deed in French)
- L’achat,la vente,l’importation,l’exportation,le négoce,l’installation et la mise en œuvre,l’entretien de produits informatiques et plus particulièrement de logiciels,tant pour son propre compte que pour le compte de tiers,en Belgique et à l’étranger
- Accomplir toutes opérations commerciales,industrielles,financières,mobilières ou immobilières se rapportant directement ou indirectement à son objet ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement la réalisation
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BETA Systems Software
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, simple décision” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d’administration” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cédées ou vendues” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, organe qui procède à l’émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Titre V. Assemblée générale Article 17. Tenue et convocation Il est tenu chaque année, au siège, une assemblée générale ordinaire le 3ième…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes des modifications aux statuts, 26” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “27, dissolution pour quelque cause et à quelque moment” (deed in French)