ICT SYSTEMS
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 27-11-2023, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
65 d early
2022
53 d early
2021
53 d early
2020
11 d early
2019
80 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€85,427▲ 15.7%
2022 · €73,848
Total assets
€98,805▲ 21.6%
2022 · €81,232
Net result
€11,580
2022 · -€3,366
Working capital
€84,205▲ 19.8%
2022 · €70,293
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
Line20192020202120222023
Operating result€17,529-€1,150▼ 93.4%€10,527▲ 816%-€891€16,203
Net result€11,305-€422▼ 96.3%€5,696▲ 1,251%-€3,366€11,580
Equity€71,097-€71,518▲ 0.6%€77,214▲ 8.0%€73,848▼ 4.4%€85,427▲ 15.7%
Total assets€221,749-€90,932▼ 59.0%€99,937▲ 9.9%€81,232▼ 18.7%€98,805▲ 21.6%
Debt€150,653-€19,414▼ 87.1%€22,723▲ 17.0%€7,385▼ 67.5%€13,377▲ 81.2%
Working capital€60,506-€64,406▲ 6.4%€71,544▲ 11.1%€70,293▼ 1.7%€84,205▲ 19.8%
Staff (FTE)2.4-2.8▲ 16.7%2▼ 28.6%1.4▼ 30.0%0.4▼ 71.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €16,203 after a loss of €891 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €98,805
Fixed assets
€1,256 ▼ 66.6%
Current assets
€97,549 ▲ 25.9%
Equity and liabilities €98,805
Equity
€85,427 ▲ 15.7%
Debt
€13,377 ▲ 81.2%
Debt's share of the balance-sheet total rises from 9.1% to 13.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18,705▲
2022 · €1,727
Cash flow
€14,082▲
2022 · -€749
Current ratio
7.31▼
2022 · 10.79
Debt to equity
0.16▲
2022 · 0.10
ROE
13.6%▲
2022 · -4.6%
ROA
11.7%▲
2022 · -4.1%
Interest coverage
50.18▲
2022 · 0.75
Debt ≤ 1 year
€13,344▲
2022 · €7,181
Income taxes
€4,251▲
2022 · €193
Staff costs
€18,374▼
2022 · €64,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €64,798 | €18,374 | ▼ 71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,276 | €5,511 | €2,513 | €2,618 | €2,502 | ▼ 4.4% |
| Other operating charges640/8 | - | - | - | €526 | €467 | ▼ 11.1% |
| Gross operating margin9900 | €87,243 | €85,822 | €94,351 | €67,051 | €37,546 | ▼ 44.0% |
| Operating profit (loss)9901 | €17,529 | €1,150 | €10,527 | -€891 | €16,203 | ▲ 1,919% |
| Financial income75/76B | - | - | - | €12 | €0 | ▼ 99.8% |
| Recurring financial income75 | €46 | €510 | €317 | €12 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | €2,295 | €373 | ▼ 83.8% |
| Recurring financial charges65 | €463 | €818 | €2,326 | €2,295 | €373 | ▼ 83.8% |
| Profit (loss) for the period before taxes9903 | €17,111 | €841 | €8,518 | -€3,174 | €15,830 | ▲ 599% |
| Income taxes67/77 | €5,806 | €420 | €2,823 | €193 | €4,251 | ▲ 2,106% |
| Profit (loss) for the period9904 | €11,305 | €422 | €5,696 | -€3,366 | €11,580 | ▲ 444% |
| Profit (loss) for the period to be appropriated9905 | €11,305 | €422 | €5,696 | -€3,366 | €11,580 | ▲ 444% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €221,749 | €90,932 | €99,937 | €81,232 | €98,805 | ▲ 21.6% |
| Fixed assets21/28 | €11,021 | €7,113 | €6,376 | €3,758 | €1,256 | ▼ 66.6% |
| Tangible fixed assets22/27 | €11,021 | €7,113 | €6,376 | €3,758 | €1,256 | ▼ 66.6% |
| Furniture and vehicles24 | - | - | - | €3,758 | €1,256 | ▼ 66.6% |
| Current assets29/58 | €210,729 | €83,820 | €93,561 | €77,474 | €97,549 | ▲ 25.9% |
| Amounts receivable within one year40/41 | €96,126 | €75,992 | €61,447 | €69,134 | €72,831 | ▲ 5.3% |
| Trade receivables40 | - | - | - | €67,112 | €72,831 | ▲ 8.5% |
| Other amounts receivable41 | - | - | - | €2,022 | - | - |
| Cash at bank and in hand54/58 | €114,173 | €7,596 | €31,950 | €7,926 | €24,718 | ▲ 212% |
| Deferred charges and accrued income490/1 | - | - | - | €414 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €221,749 | €90,932 | €99,937 | €81,232 | €98,805 | ▲ 21.6% |
| Equity10/15 | €71,097 | €71,518 | €77,214 | €73,848 | €85,427 | ▲ 15.7% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | = |
| Reserves13 | €12,793 | €12,793 | €12,793 | €12,793 | €12,793 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €10,793 | €10,793 | = |
| Profit (loss) carried forward14 | €38,303 | €38,725 | €44,421 | €41,054 | €52,634 | ▲ 28.2% |
| Amounts payable17/49 | €150,653 | €19,414 | €22,723 | €7,385 | €13,377 | ▲ 81.2% |
| Amounts payable within one year42/48 | €150,223 | €19,414 | €22,017 | €7,181 | €13,344 | ▲ 85.8% |
| Trade debts44 | €90,195 | €13,678 | €9,967 | €2,641 | €9,575 | ▲ 263% |
| Suppliers440/4 | - | - | - | €2,641 | €9,575 | ▲ 263% |
| Taxes, remuneration and social security45 | - | - | - | €4,540 | €3,770 | ▼ 17.0% |
| Taxes450/3 | - | - | - | €2,062 | €3,770 | ▲ 82.8% |
| Remuneration and social security454/9 | - | - | - | €2,478 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €203 | €33 | ▼ 83.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,305 | €422 | €5,696 | -€3,366 | €11,580 | ▲ 444% |
| + Depreciation and write-downs630 | €7,276 | €5,511 | €2,513 | €2,618 | €2,502 | ▼ 4.4% |
| Operating cash flow (approximation) | €18,581 | €5,933 | €8,208 | -€749 | €14,082 | ▲ 1,981% |
| Investment in fixed assets (approximation) | - | -€1,603 | -€1,776 | €0 | €0 | - |
| Change in cash | - | -€106,577 | €24,355 | -€24,024 | €16,792 | ▲ 170% |
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
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Back to profitnet €11,580
Net result €11,580 after one loss-making year.
2022
09-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Weakest financial yearnet -€3,366
Net result drops to -€3,366, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 10.79
Current ratio from 4.25 to 10.79; short-term debt falls from €22,017 to €7,181.
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
20-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Liquidity triplescurrent ratio 4.32
Current ratio from 1.40 to 4.32; short-term debt falls from €150,223 to €19,414.
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
03-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
14-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2014
16-12
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 ownerChain of control
- TWELVE
- ICT SYSTEMS
Highest known parent: TWELVE. The sources do not say who stands above it.
Owners 1
- TWELVEparentSourceaccounts TWELVE 202299%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Dual-learning approval
1 endedPc-technicus (so)