Le Système D is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €184k and a net result of €38k. Equity is growing by ~22.1% per year across the filed fiscal years. Its solvency ranks better than 73% of 8018 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-02-2026, 170 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
170 d early
2024
17 d early
2023
16 d early
2022
17 d late
2021
31 d late
2020
30 d late
2019
122 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€184k▼ 13.9%
2024 · €213k
2019: €48k
2020: €86k
2021: €96k
2022: €141k
2023: €178k
2024: €213k
2019 → 2025
Net result
€38k▲ 6.8%
2024 · €35k
2019: €41k
2020: €38k
2021: €20k
2022: €47k
2023: €37k
2024: €35k
2019 → 2025
Total assets
€242k▲ 6.1%
2024 · €228k
2019: €61k
2020: €108k
2021: €131k
2022: €168k
2023: €204k
2024: €228k
2019 → 2025
Solvency
75.9%▼ 17.6pp
2024 · 93.4%
2019: 78.7%
2020: 79.8%
2021: 73.4%
2022: 83.7%
2023: 87.2%
2024: 93.4%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€141k▲ 46.4%€178k▲ 26.2%€213k▲ 19.9%€184k▼ 13.9%
Operating result€30k-€68k▲ 128%€49k▼ 27.2%€51k▲ 2.6%€54k▲ 7.7%
Net result€20k-€47k▲ 134%€37k▼ 21.7%€35k▼ 4.0%€38k▲ 6.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242k
Fixed assets
€3k▼ 12.1%
Current assets
€239k▲ 6.3%
Equity and liabilities €242k
Equity
€184k▼ 13.9%
Debt
€58k▲ 290%
The debt ratio rises from 6.6% to 24.1%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
75.9%▼
2024 · 93.4%
ROE
20.6%▲
2024 · 16.6%
ROA
15.6%▲
2024 · 15.5%
Debt
€58k▲
2024 · €15k
Debt ≤ 1 year
€58k▲
2024 · €15k
Income taxes
€16k▲
2024 · €14k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€228k€242k▲
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€3k▼
Land and buildings22€3k€3k▼
Current assets29/58€225k€239k▲
Amounts receivable after more than one year29€160k€160k=
Other amounts receivable291€160k€160k=
Amounts receivable within one year40/41€18k€22k▲
Trade receivables40€18k€18k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€39k€55k▲
Deferred charges and accrued income490/1€7k€2k▼
Equity and liabilities
Total equity and liabilities10/49€228k€242k▲
Equity10/15€213k€184k▼
Contributions10/11€6k€6k=
Reserves13€207k€177k▼
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€205k€177k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€15k€58k▲
Amounts payable within one year42/48€15k€58k▲
Financial debts43€359€155▼
Credit institutions430/8€359€155▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€12k€14k▲
Taxes450/3€12k€14k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€360€41k▲
Accrued charges and deferred income492/3€200€200=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€364€364=
Other operating charges640/8€2k€3k▲
Gross operating margin9900€53k€58k▲
Operating profit (loss)9901€51k€54k▲
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€49k€53k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€35k€38k▲
Profit (loss) for the period to be appropriated9905€35k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€38k▲
Transfer from equity791/2-€67k
Transfer to equity691/2€35k€38k▲
To other reserves6921€35k€38k▲
Profit to be distributed694/7-€67k
Return on contributions (dividend)694-€67k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €213k ▲19.9%
6 profitable years in a row build equity to €213k.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €178k ▲26.2%
5 profitable years in a row build equity to €178k.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Highest result since 2019net €47k ▲134%
Operating result €68k, net result €47k, both a record.
31-12
Financial
Equity above €100kEq €141k ▲46.4%
4 profitable years in a row build equity to €141k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €20k ▼47.7%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial 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
Registered office, Heist-op-den-Berg · 1 establishment unit since 2018
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.
Libelstraat 142220 Heist-op-den-BergGround area
482 m²
Building footprint
99 m²
Volume, LiDAR
561 m³
Parcel 12014A0736/00V007, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Le Système D
since 20182.278.780.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014A0736/00V007 | Flanders | 482 m² | 1 · 98 m² | 7.1 m · 2 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.
Similar companies · same sector, comparable size
CHARLES ADAM
BE 0677.838.473
Beloeil · Eq €184k
Fehamali
BE 0755.445.797
Beringen · Eq €184k
AVG PARTNERS
BE 1002.938.824
Destelbergen · Eq €184k
JORO
BE 0884.243.585
Wijnegem · Eq €184k
CASTLEDALE
BE 0778.250.794
Oudsbergen · Eq €183k
Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 13,536 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-08-2018
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 7 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.
Contact details
1 entryE-mail:dries.houben@lesystemed.be