C3 SYSTEM
Open bankruptcyA bankruptcy procedure is open for C3 SYSTEM according to publications in the Belgian State Gazette; curator: GUY KELDER. The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show negative equity (€-2k) and a net result of €-217k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 15-12-2021, 45 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
45 d late
2020
410 d late
2019
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-217k▲ 41.1%
2020 · €-368k
2019: €-288k
2020: €-368k
2019 → 2021
Working capital
€-242k
2020 · €38k
2019: €444k
2020: €38k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€583k-€215k▼ 63.1%€-2k
Operating result€-224k-€-367k▼ 64.0%€-215k▲ 41.4%
Net result€-288k-€-368k▼ 27.9%€-217k▲ 41.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €215k in 2021 against €367k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.81M
Fixed assets
€364k▲ 3.1%
Current assets
€1.45M▲ 67.7%
Key figures and ratios
Solvency
-0.1%▼
2020 · 17.7%
Current ratio
0.86▼
2020 · 1.05
Quick ratio
0.86▼
2020 · 1.05
Debt / equity
-74.17▼
2020 · 0.82
ROA
-11.9%▲
2020 · -30.2%
Debt
€1.81M▲
2020 · €1.00M
Debt ≤ 1 year
€1.69M▲
2020 · €826k
Debt > 1 year
€123k▼
2020 · €176k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€1.22M€1.81M▲
Fixed assets21/28€353k€364k▲
Tangible fixed assets22/27€353k€364k▲
Current assets29/58€864k€1.45M▲
Amounts receivable within one year40/41€366k€999k▲
Cash at bank and in hand54/58€361k€295k▼
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.81M▲
Equity10/15€215k€-2k▼
Reserves13€2k€2k=
Profit (loss) carried forward14€207k€-10k▼
Amounts payable17/49€1.00M€1.81M▲
Amounts payable after more than one year17€176k€123k▼
Amounts payable within one year42/48€826k€1.69M▲
Trade debts44€768k€1.15M▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k-
Gross operating margin9900€-146k€-47k▲
Operating profit (loss)9901€-367k€-215k▲
Recurring financial income75€18-
Recurring financial charges65€683€1k▲
Profit (loss) for the period before taxes9903€-368k€-217k▲
Income taxes67/77€3-
Profit (loss) for the period9904€-368k€-217k▲
Profit (loss) for the period to be appropriated9905€-368k€-217k▲
Timeline · acts, filings and financial milestones
2022
04-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · C3 SYSTEM SPRL RUE DES COLO- NIES 11, 1000 BRUXELLES 1 · event 27-06-2022
03-02
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · transfert_judiciaire · event 26-01-2022
2021
15-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 45 days late
15-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 410 days late
15-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 29 days late
2020
31-03
Financial
Weakest financial yearnet €-368k
Net result drops to €-368k, the lowest in the series.
2019
29-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 224 days late
10-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 587 days late
2016
14-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 14 days late
2015
02-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 397 days late
27-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 27 days late
2014
03-03
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 123 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
3,406 m²
Building footprint
3,354 m²
Volume, LiDAR
88,937 m³
Parcel 21804D1424/00E002, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20112.201.845.560
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18,
1180 BRUXELLES 18 |
27-06-2022 → present |
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Of 16,886 companies in sector 62100 we hold annual accounts for 8,777. 6,517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-07-2011
Fiscal year end31-03
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.