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Cisco Systems Belgium

Active
Private limited companyfounded 1992active for 34 yearsDe Kleetlaan 6A, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 0447.138.227

From the official registers: KBO 37 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Cisco Systems Belgium has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.3m and a net result of €8.1m. Equity has been stable since 2019 (±1.3% per year). Its solvency ranks better than 27% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

Official details

KBO
Status
Active since 14-04-1992 Normal situation
Activity
Computer consultancy and computer facilities management NACE 62200
Establishment units
3 establishment units
Financial year end
31 July
Peppol
Reachable since 22-12-2025

Board and ownership

Board
Shareholders
Holdings
Shares in 1 company Cisco Systems Senegal SARL

Financial position

81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts to 31-07-2025
Turnover
€177.9m
▲ 10.2%
Profit
€8.1m
▼ 0.3%
Equity
€9.3m
▲ 1.3%
Total assets
€66.4m
▲ 17.9%
Staff
383.9 FTE
▼ 11.6%
Standalone figures, without subsidiaries
Filed on 10-02-2026, 18 days before the deadlinePDF
Score breakdownraises riskLiquidity: current ratio 1.09, cash €41,635Equity €9.3m (14.0% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: turnover €177.9m, 383.9 FTE, total assets €66.4m, files consolidated accountsShow the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 38% of large companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Weak
Solvency 39-2
equity 14.0% of total assets
Liquidity 4-2
short-term debt 83.1% · cash 0.1%
Profitability 73-4
return on assets 12.2%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (39 companies, NACE 62, large)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.5%▲ +0.1 percentage points vs 01-2025 03-2025: 0.7%▲ +0.2 percentage points vs 02-2025highest value 04-2025: 0.4%▼ -0.3 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025lowest value 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.5%▲ +0.1 percentage points vs 01-2026 03-2026: 0.4%▼ -0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.09 (1.11 in 2024), below the usual 1.5. Short-term debt is 83.1% and cash 0.1% of total assets. 86% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, large). It does better than 14% of them on solvency, 3% on liquidity, 76% on profitability and 60% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.09, cash €41,635
NBB · annual accounts
raises risk · Equity €9.3m (14.0% of total assets)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: turnover €177.9m, 383.9 FTE, total assets €66.4m, files consolidated accounts
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 10-02-2026, 18 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
18 days early
2025
15 days early
2024
1 day early
2024
183 days late
2023
22 days early
2022
13 days early
2021
18 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 95% of companies in computer programming and consultancysector median €35,694 · 1,684 companies €8.1m View
  • Merger with SPLUNK SERVICES BELGIUMmerger on 30-06-2026 2026 View
  • Positive: 7 profitable years in a rowprofit 2025: €8.1m 7 years View
  • Flemish supportawarded from 2022 to 2025 €101,369 View

Comparable companies

These companies have the same main activity as Cisco Systems Belgium: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €39m and €122m, founded between 1987 and 1999.

CompanyTotal assetsTurnover
Cisco Systems Belgium Machelen (Brab.)€66.4m€177.9m
EASI Nivelles€86.6m€123.4m
PAUWELS CONSULTING Machelen (Brab.)€49.7m€89.2m
COMPUTACENTER Zaventem€59.5m€160.2m
SAVACO Kortrijk€53.8m€66.9m
CHEOPS TECHNOLOGY Kontich€39.3m€74.3m
FUJITSU TECHNOLOGY SOLUTIONS Machelen (Brab.)€121.7m€168.0m
Full comparison

Documents

Annual accounts at the NBB

All 37 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Cisco Systems Belgium

What is the company number of Cisco Systems Belgium?
The company number of Cisco Systems Belgium is 0447.138.227. The VAT number is the same number with BE in front: BE 0447.138.227.
Where is Cisco Systems Belgium based?
The registered office is at De Kleetlaan 6A, 1831 Machelen (Brab.).Company details
What does Cisco Systems Belgium do?
According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
What is the legal form of Cisco Systems Belgium?
The legal form of Cisco Systems Belgium is Private limited company (BV).
When was Cisco Systems Belgium founded?
Cisco Systems Belgium was founded on 14-04-1992.
Is Cisco Systems Belgium still active?
Yes, Cisco Systems Belgium is an active enterprise in the KBO register.
How many employees does Cisco Systems Belgium have?
Cisco Systems Belgium had an average of 383.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Cisco Systems Belgium?
The turnover of Cisco Systems Belgium was €177.9m in financial year 2025, according to the filed annual accounts.
Is Cisco Systems Belgium profitable?
In financial year 2025, Cisco Systems Belgium made a profit of €8.1m.
Where can I find the annual accounts of Cisco Systems Belgium?
Cisco Systems Belgium filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)

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