GAMMA SYS
ActiveSummary
The computed 12-month bankruptcy probability of GAMMA SYS is 2.8% (moderate). The 2024 annual accounts show equity of €74,256 and a net result of -€34,302. Equity is shrinking by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 8966 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-5
Solvency100=
Growth27▼-17
Track record92
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
short-term debt: 0.5% and cash: 27.7% of total assets, and 0.5% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
99.5%
Return on assets
-46%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€34,302
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
293 d late
2022
659 d late
2021
941 d late
2020
115 d late
2019
480 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 424 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
History
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Financials · fiscal year 2024, micro schema
Turnover
€2,350▲ 23.7%
2019 · €1,900
EBIT margin
-644.1%▲ 162.0pp
2019 · -806.1%
Net result
-€34,302▼ 189%
2023 · -€11,872
Working capital
€71,016▼ 33.1%
2023 · €106,138
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€2,350▲ 23.7%
Operating result-€15,137▲ 1.2%-€25,853▼ 70.8%-€30,394▼ 17.6%-€12,016▲ 60.5%-€18,077▼ 50.4%
Net result-€15,391▲ 1.7%-€26,832▼ 74.3%-€29,581▼ 10.2%-€11,872▲ 59.9%-€34,302▼ 189%
EBIT margin-644.1%▲ 162.0pp
Equity€176,843▼ 8.0%€150,011▼ 15.2%€120,430▼ 19.7%€108,558▼ 9.9%€74,256▼ 31.6%
Total assets€181,743▼ 10.3%€156,067▼ 14.1%€120,608▼ 22.7%€108,919▼ 9.7%€74,641▼ 31.5%
Debt€4,900▼ 53.1%€6,056▲ 23.6%€178▼ 97.1%€361▲ 103%€385▲ 6.8%
Working capital€168,639▼ 10.4%€143,574▼ 14.9%€116,286▼ 19.0%€106,138▼ 8.7%€71,016▼ 33.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18,077 in 2024 against €12,016 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €74,641
Fixed assets
€3,240 ▲ 33.9%
Current assets
€71,402 ▼ 33.0%
Equity and liabilities €74,641
Equity
€74,256 ▼ 31.6%
Debt
€385 ▲ 6.8%
Debt's share of the balance-sheet total rises from 0.3% to 0.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€15,855▼
2023 · -€10,292
Cash flow
-€32,079▼
2023 · -€10,148
Debt to equity
0.01▲
2023 · 0.00
ROE
-46.2%▼
2023 · -10.9%
ROA
-46.0%▼
2023 · -10.9%
Interest coverage
-14.38▲
2023 · -22.31
Debt ≤ 1 year
€385▲
2023 · €361
Income taxes
€16,941▲
2023 · €478
A ratio outside any meaningful range has been withheld (balance sheet total €74,641, equity €74,256).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 5,827 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2,350 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,129 | €1,767 | €2,293 | €1,724 | €2,222 | ▲ 28.9% |
| Other operating charges640/8 | - | €885 | €24,375 | €150 | €195 | ▲ 29.5% |
| Gross operating margin9900 | -€12,008 | -€23,201 | -€3,726 | -€10,142 | -€15,660 | ▼ 54.4% |
| Operating profit (loss)9901 | -€15,137 | -€25,853 | -€30,394 | -€12,016 | -€18,077 | ▼ 50.4% |
| Financial income75/76B | - | - | €1,176 | €1,083 | €1,819 | ▲ 68.0% |
| Recurring financial income75 | - | - | €1,176 | €1,083 | €1,819 | ▲ 68.0% |
| Financial charges65/66B | - | €530 | €186 | €461 | €1,103 | ▲ 139% |
| Recurring financial charges65 | €129 | €530 | €186 | €461 | €1,103 | ▲ 139% |
| Profit (loss) for the period before taxes9903 | -€15,266 | -€26,383 | -€29,405 | -€11,395 | -€17,361 | ▼ 52.4% |
| Income taxes67/77 | €125 | €449 | €176 | €478 | €16,941 | ▲ 3,448% |
| Profit (loss) for the period9904 | -€15,391 | -€26,832 | -€29,581 | -€11,872 | -€34,302 | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | -€15,391 | -€26,832 | -€29,581 | -€11,872 | -€34,302 | ▼ 189% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,743 | €156,067 | €120,608 | €108,919 | €74,641 | ▼ 31.5% |
| Fixed assets21/28 | €8,204 | €6,437 | €4,144 | €2,420 | €3,240 | ▲ 33.9% |
| Tangible fixed assets22/27 | €8,204 | €6,437 | €4,144 | €2,420 | €3,240 | ▲ 33.9% |
| Plant, machinery and equipment23 | - | €382 | €254 | €126 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €6,055 | €3,890 | €2,294 | €3,240 | ▲ 41.2% |
| Current assets29/58 | €173,538 | €149,630 | €116,463 | €106,499 | €71,402 | ▼ 33.0% |
| Amounts receivable within one year40/41 | €46,741 | €49,415 | €39,317 | €45,539 | €50,096 | ▲ 10.0% |
| Trade receivables40 | - | €6,308 | €7,639 | €7,639 | €7,639 | = |
| Other amounts receivable41 | - | €43,107 | €31,677 | €37,900 | €42,456 | ▲ 12.0% |
| Cash at bank and in hand54/58 | €126,798 | €100,215 | €77,127 | €60,951 | €20,676 | ▼ 66.1% |
| Deferred charges and accrued income490/1 | - | - | €20 | €9 | €630 | ▲ 7,100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,743 | €156,067 | €120,608 | €108,919 | €74,641 | ▼ 31.5% |
| Equity10/15 | €176,843 | €150,011 | €120,430 | €108,558 | €74,256 | ▼ 31.6% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Capital10 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Uncalled capital101 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Profit (loss) carried forward14 | €164,448 | €137,616 | €108,035 | €96,163 | €61,862 | ▼ 35.7% |
| Amounts payable17/49 | €4,900 | €6,056 | €178 | €361 | €385 | ▲ 6.8% |
| Amounts payable within one year42/48 | €4,900 | €6,056 | €178 | €361 | €385 | ▲ 6.8% |
| Trade debts44 | €4,900 | €6,056 | €1 | €133 | €158 | ▲ 18.4% |
| Suppliers440/4 | - | €6,056 | €1 | €133 | €158 | ▲ 18.4% |
| Taxes, remuneration and social security45 | - | - | €176 | €228 | €228 | = |
| Taxes450/3 | - | - | €176 | €228 | €228 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,391 | -€26,832 | -€29,581 | -€11,872 | -€34,302 | ▼ 189% |
| + Depreciation and write-downs630 | €3,129 | €1,767 | €2,293 | €1,724 | €2,222 | ▲ 28.9% |
| Operating cash flow (approximation) | -€12,262 | -€25,064 | -€27,288 | -€10,148 | -€32,079 | ▼ 216% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€3,042 | - |
| Change in cash | - | -€26,582 | -€23,088 | -€16,176 | -€40,275 | ▼ 149% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
20-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 293 days late
20-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 659 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 941 days late
14-02
KBO administration
UBO non-compliance
event 03-02-2025
2024
31-12
Financial
Weakest financial yearnet -€34,302
Net result drops to -€34,302, the lowest in the series.
2022
31-12
Financial
Liquidity times 27current ratio 655.91
Current ratio from 24.71 to 655.91; short-term debt falls from €6,056 to €178.
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 115 days late
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 480 days late
23-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 846 days late
23-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1211 days late
2017
08-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 130 days late
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 108 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 1996
Ground area
3,162 m²
Building footprint
1,131 m²
Volume, LiDAR
28,756 m³
2 parcels, Brussels · tallest building 28.8 m, ±9 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Levallois-Perretstraat 26, 1080 Sint-Jans-Molenbeek
since 19962.075.682.610
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0307/00K002 | Brussels | 2,996 m² | 1 · 1,082 m² | 28.8 m · 9 fl. |
| 21524C0065/00W005 | Brussels | 166 m² | 1 · 50 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,711 companies in sector 73200 we hold annual accounts for 1,781. 1,264 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-01-1996
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457083497
Also
9925:BE0457083497
Registered
04-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.