Equity
LISAM SYSTEMS has made a profit without a break since 2008.
LISAM SYSTEMS has made a profit without a break since 2008.
The result rose in 2025 from €1.8m to €2.8m.
6 years of growth in a row. Turnover 2025: €21.2m.
LISAM SYSTEMS pays its suppliers 24 days later than in 2024. Customers pay 33 days later.
Three of the last ten came late. The 2023 accounts came latest: 89 days after the end of the period.
Higher net result than 95% of companies in retail trade. Sector median €39,909 · 5,066 companies.
The dashed line is the sector median: 0.4% across 385 companies (NACE 47, medium-sized).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, medium-sized). It does better than 96% of them on solvency, 71% on liquidity, 87% on profitability and 60% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Liquidity is ample, with a current ratio of 1.85 (1.87 in 2024), above the usual 1.5. Short-term debt is 6.3% and cash 0.2% of total assets. 13.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Shares in 17 companies, including LISAM AMERICA INC and LISAM AUSTRALIA PTY LTD
Board & ownership| Company | ||||
|---|---|---|---|---|
| LISAM SYSTEMS Ecaussinnes | €21.2m | 11.0% | 86.1% | 85.3 |
| ORACLE BELGIUM Vilvoorde | €58.1m | 7.3% | 25.1% | 175.2 |
| LENOVO (BELGIUM) Machelen (Brab.) | €184.9m | 2.3% | 20.2% | 38.7 |
| PRIMINFO Fernelmont | €26.8m | 5.7% | 86.4% | 33.6 |
| COPACO BELGIUM Aalst | €216.6m | 1.5% | 58.6% | 60.3 |
| ECE Anderlecht | €19.8m | 12.4% | 12.7% | 73.4 |
| AD ULTIMA Kortrijk | €40.2m | 9.7% | 28.4% | 114.8 |
Grey: the largest companies of the sector (retail trade (NACE 47)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as LISAM SYSTEMS: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €22m and €96m, founded between 1985 and 2008.
LISAM SYSTEMS has existed since 1999. Turnover fell from €11.2m in 2006 to €1.6m in 2007.
Turnover has grown every year since 2019.
LISAM EHS SOFTWARE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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