BitSystems
ActiveSummary
BitSystems has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,066 and a net result of €3,066. Its solvency ranks better than 20% of 34,728 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
- Equity
- €7,066
- Profit
- €3,066
- BIJNENS SimonDirector
Why 63raises riskFounded in 2023Size: total assets €40,555Equity €7,066 (17.4% of total assets)lowers riskLiquidity: current ratio 1.10, cash €16,459Show the evidence
Checked score
About 1 in 100 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 43, micro): better than 19% on solvency, 52% on liquidity and 56% on profitability.
The bankruptcy probability was computed on 26-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: BIJNENS Simon (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 7,976 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €602 |
| Other operating charges640/8 | €1,067 |
| Gross operating margin9900 | €6,110 |
| Operating profit (loss)9901 | €4,441 |
| Financial income75/76B | €6 |
| Recurring financial income75 | €6 |
| Financial charges65/66B | €431 |
| Recurring financial charges65 | €431 |
| Profit (loss) for the period before taxes9903 | €4,015 |
| Income taxes67/77 | €948 |
| Profit (loss) for the period9904 | €3,066 |
| Profit (loss) for the period to be appropriated9905 | €3,066 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €40,555 | |
| Fixed assets21/28 | €4,070 | |
| Tangible fixed assets22/27 | €4,070 | |
| Furniture and vehicles24 | €1,218 | |
| Other tangible fixed assets26 | €2,852 | |
| Current assets29/58 | €36,485 | |
| Amounts receivable within one year40/41 | €19,301 | |
| Trade receivables40 | €19,301 | |
| Cash at bank and in hand54/58 | €16,459 | |
| Deferred charges and accrued income490/1 | €725 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €40,555 | |
| Equity10/15 | €7,066 | |
| Contributions10/11 | €4,000 | |
| Profit (loss) carried forward14 | €3,066 | |
| Amounts payable17/49 | €33,488 | |
| Amounts payable within one year42/48 | €33,025 | |
| Trade debts44 | €16,299 | |
| Suppliers440/4 | €16,299 | |
| Taxes, remuneration and social security45 | €3,899 | |
| Taxes450/3 | €3,899 | |
| Other amounts payable47/48 | €12,827 | |
| Accrued charges and deferred income492/3 | €464 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €3,066 |
| + Depreciation and write-downs630 | €602 |
| Operating cash flow (approximation) | €3,669 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017710 |
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
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BIJNENS Simon |
|
Owners and capital
Capital and shareholders
- BIJNENS Simon 100 shares (100%) · €4,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-10-2023 Incorporation · €4,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-10
Gazette deed
IncorporationAppointment: BIJNENS Simon (director) · Registered office clause · Board rule13 facts ▸
- Other provision, 2025, “eerste algemene vergadering” (deed in Dutch)
- Registered office clause, “3740 Bilzen,Meershoven 109” (deed in Dutch)
- Board rule, 1
- Pre-incorporation commitments, “takeover, verbintenissen en verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Incorporation, “BitSystems” (deed in Dutch)
- Founder, BIJNENS Simon
- Founding capital, “euro 4.000” (deed in Dutch)
- Other provision, “financieel plan, voorafgaandelijk aan verlijden oprichtingsakte” (deed in Dutch)
- Bank account, -, “bijzondere rekening namens vennootschap in oprichting” (deed in Dutch)
- Other provision, “beschikking aanvangsvermogen”, 4000 (deed in Dutch)
- Other provision, “aanvangsvermogen beschikbaar voor uitkering en geboekt als beschikbare reserve, vergadering” (deed in Dutch)
- Other provision, “e-mailadres” (deed in Dutch)
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1001.442.450
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 |
|---|---|---|---|---|
| 73006G0056/00D000 | Flanders | 2,766 m² | 1 · 227 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groothandel in computers,randapparatuur en software; Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan…” (deed in Dutch)
15 activities (deed in Dutch)
- Groothandel in computers,randapparatuur en software;
- Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan;
- Detailhandel in computers,randapparatuur en software in gespecialiseerde winkels;
- Detailhandel in telecommunicatieapparatuur in gespecialiseerde winkels;
- Detailhandel in audio- en videoapparatuur in gespecialiseerde winkels;
- Groothandel in andere kantoormachines en kantoorbenodigdheden,met uitzondering van computers en randapparatuur;
- Computerconsultancy-activiteiten;
- Beheer van computerfaciliteiten;
- Overige diensten op het gebied van informatietechnologie en computers;
- Gegevensverwerking,webhosting en aanverwante activiteiten;
- Reparatie van computers en randapparatuur;
- Reparatie van communicatieapparatuur;
- Elektrotechnische installatiewerken aan gebouwen;
- Groothandel in elektrisch materiaal,inclusief;installatiemateriaal;
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren onder om het even welke vorm;in dit kader kan zij zicht ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bevoegdheid, 1” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie indien geen andere vereffenaar benoemd, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding…” (deed in Dutch)