LISAM SYSTEMS
ActiveLISAM SYSTEMS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146.49M and a net result of €2.78M. Equity is growing by ~61.3% per year across the filed fiscal years. Its solvency ranks better than 93% of 4107 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+7
Solvency97=
Growth80▼-1
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 1.85 against 1.87 in 2024), and 13.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86.1%
Return on assets
1.6%
Age of the figures
8 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
89 d late
2022
28 d late
2021
30 d late
2020
30 d early
2019
3 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€21.17M▲ 13.1%
2024 · €18.72M
2019: €8.77M
2020: €9.67M
2021: €10.75M
2022: €13.13M
2023: €15.08M
2024: €18.72M
2019 → 2025
EBIT margin
11.0%▲ 5.3pp
2024 · 5.7%
2019: 24.4%
2020: 26.4%
2021: 17.4%
2022: 16.2%
2023: 11.5%
2024: 5.7%
2019 → 2025
Net result
€2.78M▲ 53.9%
2024 · €1.81M
2018: €1.05M
2019: €2.12M
2020: €2.34M
2021: €2.58M
2022: €2.54M
2023: €2.83M
2024: €1.81M
2018 → 2025
Working capital
€9.04M▲ 12.8%
2024 · €8.02M
2018: €55k
2019: €1.75M
2020: €2.30M
2021: €182k
2022: €6.07M
2023: €9.07M
2024: €8.02M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€10.75M-€13.13M▲ 22.1%€15.08M▲ 14.8%€18.72M▲ 24.2%€21.17M▲ 13.1%
Equity€26.39M-€38.34M▲ 45.3%€140.35M▲ 266%€145.98M▲ 4.0%€146.49M▲ 0.4%
Operating result€1.87M-€2.13M▲ 13.8%€1.74M▼ 18.3%€1.07M▼ 38.4%€2.34M▲ 118%
Net result€2.58M-€2.54M▼ 1.9%€2.83M▲ 11.5%€1.81M▼ 36.1%€2.78M▲ 53.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 118% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170.04M
Fixed assets
€150.37M▼ 1.0%
Current assets
€19.67M▲ 14.1%
Equity and liabilities €170.04M
Equity
€146.49M▲ 0.4%
Debt
€23.55M▲ 1.7%
The debt ratio rises from 13.7% to 13.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€6.06M▲
2024 · €4.26M
Cash flow
€6.51M▲
2024 · €4.99M
Solvency
86.1%▼
2024 · 86.3%
Current ratio
1.85▼
2024 · 1.87
Quick ratio
1.85▼
2024 · 1.87
Debt / equity
0.16▲
2024 · 0.16
ROE
1.9%▲
2024 · 1.2%
ROA
1.6%▲
2024 · 1.1%
Interest coverage
16.18▲
2024 · 14.46
Debt
€23.55M▲
2024 · €23.15M
Debt ≤ 1 year
€10.63M▲
2024 · €9.23M
Debt > 1 year
€12.64M▼
2024 · €13.90M
Income taxes
€2k▼
2024 · €5k
Staff costs
€6.75M▲
2024 · €6.58M
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€169.13M€170.04M▲
Fixed assets21/28€151.88M€150.37M▼
Intangible fixed assets21€11.58M€11.14M▼
Tangible fixed assets22/27€935k€1.11M▲
Plant, machinery and equipment23-€0
Furniture and vehicles24€379k€638k▲
Leasing and similar rights25€498k€438k▼
Other tangible fixed assets26€58k€35k▼
Financial fixed assets28€139.37M€138.12M▼
Affiliated companies280/1€139.37M€138.12M▼
Participating interests280€139.37M€138.12M▼
Current assets29/58€17.25M€19.67M▲
Amounts receivable after more than one year29€13.93M€14.93M▲
Other amounts receivable291€13.93M€14.93M▲
Stocks and contracts in progress3€5k€0▼
Stocks30/36€5k€0▼
Goods purchased for resale34€5k€0▼
Amounts receivable within one year40/41€2.49M€4.20M▲
Trade receivables40€1.49M€3.61M▲
Other amounts receivable41€995k€587k▼
Cash at bank and in hand54/58€551k€340k▼
Deferred charges and accrued income490/1€277k€201k▼
Equity and liabilities
Total equity and liabilities10/49€169.13M€170.04M▲
Equity10/15€145.98M€146.49M▲
Contributions10/11€3.08M€3.07M=
Capital10€3.08M€3.07M=
Issued capital100€3.08M€3.07M=
Revaluation surpluses12€128.73M€127.07M▼
Reserves13€326k€326k=
Non-distributable reserves130/1€308k€308k=
Legal reserve130€308k€308k=
Distributable reserves133€18k€18k=
Profit (loss) carried forward14€13.84M€16.02M▲
Amounts payable17/49€23.15M€23.55M▲
Amounts payable after more than one year17€13.90M€12.64M▼
Financial debts170/4€12.34M€10.97M▼
Subordinated loans170€32k€0▼
Credit institutions173€3.16M€3.47M▲
Other loans174€9.15M€7.50M▼
Trade debts175€1.56M€1.67M▲
Suppliers1750€1.56M€1.67M▲
Amounts payable within one year42/48€9.23M€10.63M▲
Current portion of amounts payable after more than one year42€1.45M€1.70M▲
Financial debts43€4.80M€5.20M▲
Credit institutions430/8€4.80M€5.20M▲
Trade debts44€1.46M€2.36M▲
Suppliers440/4€1.41M€2.36M▲
Bills of exchange payable441€46k-
Taxes, remuneration and social security45€913k€766k▼
Taxes450/3€125k€70k▼
Remuneration and social security454/9€788k€696k▼
Other amounts payable47/48€606k€600k▼
Accrued charges and deferred income492/3€26k€286k▲
Income statement
Code20242025
Operating income70/76A€19.86M€23.17M▲
Turnover70€18.72M€21.17M▲
Own construction capitalised72€899k€905k▲
Other operating income74€245k€1.09M▲
Operating charges60/66A€18.79M€20.83M▲
Goods for resale, raw materials and consumables60€49k€103k▲
Purchases600/8€46k€98k▲
Change in stocks: decrease (increase)609€3k€5k▲
Services and other goods61€8.88M€10.15M▲
Remuneration, social security and pensions62€6.58M€6.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.19M€3.73M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k€7k▲
Other operating charges640/8€93k€94k▲
Operating profit (loss)9901€1.07M€2.34M▲
Financial income75/76B€1.07M€906k▼
Recurring financial income75€1.07M€906k▼
Income from financial fixed assets750€178k€68k▼
Income from current assets751€1k€72k▲
Other financial income752/9€890k€765k▼
Financial charges65/66B€331k€461k▲
Recurring financial charges65€295k€461k▲
Debt charges650€295k€375k▲
Other financial charges652/9€24€86k▲
Non-recurring financial charges66B€36k-
Profit (loss) for the period before taxes9903€1.81M€2.78M▲
Income taxes67/77€5k€2k▼
Taxes670/3€25k€14k▼
Tax adjustments and reversals of tax provisions77€20k€12k▼
Profit (loss) for the period9904€1.81M€2.78M▲
Profit (loss) for the period to be appropriated9905€1.81M€2.78M▲
Appropriation of the result
Profit (loss) to be appropriated9906€14.44M€16.62M▲
Profit (loss) brought forward from the previous period14P€12.64M€13.84M▲
Profit to be distributed694/7€600k€600k=
Directors or managers695€600k€600k=
Social balance
Average headcount (FTE)908779.485.3▲
The notes to these accounts (86 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 89 days late
2023
31-12
Financial
Highest result since 2018net €2.83M ▲11.5%
Net result €2.83M, the highest in the series.
31-12
Financial
Equity above €100MEq €140.35M ▲266%
6 profitable years in a row build equity to €140.35M.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 2.13
Current ratio from 1.02 to 2.13; short-term debt falls from €8.64M to €5.36M.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Equity above €25MEq €26.39M ▲31.1%
4 profitable years in a row build equity to €26.39M.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €10MEq €11.96M ▲98.9%
2 profitable years in a row build equity to €11.96M.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
19 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, Ecaussinnes · 6 establishment units since 1999
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.
Boulevard de la Sennette 427190 EcaussinnesGround area
1.1 ha
Building footprint
2,838 m²
Volume, LiDAR
18,614 m³
7 parcels, Flanders, Wallonia · tallest building 21.3 m, ±6 floors. Linked by address, not a title deed.
6 establishment units
Rue Jean Jaurès 5, 7190 Ecaussinnes
since 19992.091.971.680
Otegemstraat(Z) 100, 8550 Zwevegem
since 20142.231.680.186
Rue de France 1, 4280 Hannut
since 20172.263.838.557
Rue du Bosquet 8, 1400 Nivelles
since 20232.343.475.557
Rue Chéri 40, 4000 Liège
since 20252.374.307.404
Rue de la Grande Triperie 21, 7000 Mons
since 20262.386.968.278
7 parcels
Flanders
1
(14.3%)
Wallonia
6
(85.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0027/00L002 | Wallonia | 4,778 m² | 1 · 1,179 m² | 6.8 m · 2 fl. |
| 64034A0822/00B000 | Wallonia | 2,963 m² | 1 · 365 m² | - |
| 62810B0812/00M002 | Wallonia | 1,399 m² | 1 · 197 m² | 19.9 m · 6 fl. |
| 55008B0027/00V004 | Wallonia | 670 m² | 1 · 392 m² | - |
| 55008B0196/00L002 | Wallonia | 660 m² | 1 · 82 m² | - |
| 53053H0614/00V000 | Wallonia | 363 m² | 1 · 364 m² | 19.9 m · 6 fl. |
| 34042B0921/00A000 | Flanders | 271 m² | 1 · 259 m² | 21.3 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 6
7 of 7 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6488WS1573NQI6JE6216
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Of 3,210 companies in sector 47400 we hold annual accounts for 1,795. 6 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-08-1999
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
52487
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@lisam.com
Phone:067 49 00 03
Fax:067 49 02 11