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LISAM SYSTEMS

Active Public limited companyfounded 1999active for 27 yearsBoulevard de la Sennette 42, 7190 EcaussinnesKBO/BCE: BE 0466.618.795 subsidiary of LISAM EHS SOFTWARE#1 company by total assets in Hainaut, Retail trade sector
Part of the group LISAM EHS SOFTWARE 20 companies in 16 countries
See the group

Lifetime

20 annual accounts with figures on one time axis, 26 filings since 2000
peak €21.2m (2025)
€21.2m▲ 13.1%
lowest -€17,966 (2007)
€2.8m▲ 53.9%
peak €146.5m (2025)
€146.5m▲ 0.4%
€23.6m▲ 1.7%
peak 85.3 FTE (2025)
85.3 FTE▲ 7.4%
Board8 names since 2019
3 directorsElodie HEMBERG and 2 others
Owners4 names in the annual accounts
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Turnover from €18.7m to €21.2mResult from €1.8m to €2.8m1 establishment registeredCash from €551,398 to €339,753

Key points

from the 2025 annual accounts

Equity

€146.5m ▲ 0.4%

LISAM SYSTEMS has made a profit without a break since 2008.

Result

€2.8m ▲ 53.9%
€1.8m2024€2.8m2025

The result rose in 2025 from €1.8m to €2.8m.

Growth

6 years
20182019202020212022202320242025

6 years of growth in a row. Turnover 2025: €21.2m.

Payment terms

84 days to suppliers
Suppliers
60 to 84
Customers
29 to 62

LISAM SYSTEMS pays its suppliers 24 days later than in 2024. Customers pay 33 days later.

Filings

26 annual accounts since 2000
AprilJune31 JulyOctober200020102020

Three of the last ten came late. The 2023 accounts came latest: 89 days after the end of the period.

Position in the sector

€2.8m

Higher net result than 95% of companies in retail trade. Sector median €39,909 · 5,066 companies.

Checked score

88
Excellent
Financially stronger than 79% of medium-sized companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

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).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.4%▼ -0.1 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.3%▼ -0.1 percentage points vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026

Financial strength
Strong

100=equity 86.1% of total assets
50=short-term debt 6.3% · cash 0.2%
81+1return on assets 1.6%

Score breakdown

raises risk
Liquidity: current ratio 1.85, cash €339,753
1 of the last 3 accounts late
lowers risk
Founded in 1999
Equity €146.5m (86.1% of total assets)
Calculation

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).

Credit verdict

Credit of up to €2,100,000 on 30-day terms is acceptable

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.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.85, cash €339,753
NBB · annual accounts
lowers risk · Founded in 1999
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 of the last 3 accounts late
NBB · filings
lowers risk · Equity €146.5m (86.1% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
30 days early
2024
31 days early
2023
89 days late
2022
28 days late
2021
30 days late
2020
30 days early
2019
3 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

IS
Managing director, Michel HEMBERG
EH
Director, since 03-11-2021
PH
Director, since 03-11-2021
TL
Director, since 03-11-2021
ER
Auditor, Marie-Laure Moreau

Shares in 17 companies, including LISAM AMERICA INC and LISAM AUSTRALIA PTY LTD

Board & ownership

Recent changes

New establishment in Mons Rue de la Grande Triperie 21
Registered in the Peppol Directory Reachable for e-invoices through 0208:0466618795
New establishment in Liège Rue Chéri 40
Appointment: EY Réviseurs d'Entreprises SRL (statutory auditor) General meeting of 06-09-2024 · Gazette deed
All 51 events

Comparable companies

same main activity, similar in size and age
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
-10%0%10%20%€20m€200m€2bnLISAM SYSTEMSEBIT margin

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.

Official details

Source: KBO
Status
Active since 02-08-1999Normal situation
Activity
Retail sale of information and communication equipmentNACE 47400and 2 others
Establishment units
2.091.971.6807190 Ecaussinnes, since 24-08-1999
2.231.680.1868550 Zwevegem, since 01-05-2014and 4 others
Financial year end
31 December
Peppol
Reachable since 08-09-2025
Company details

Annual accounts 2025

€170.0m▲ 0.5%
Employeeson 31-12-2025
92▲ 7.0%
Filing
Filed on 01-07-2026, 30 days before the end of the filing period
Financials

Companies linked to LISAM SYSTEMS

Insights on LISAM SYSTEMS

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.

Key facts about LISAM SYSTEMS

What is the company number of LISAM SYSTEMS?
The company number of LISAM SYSTEMS is 0466.618.795. The VAT number is the same number with BE in front: BE 0466.618.795.
Where is LISAM SYSTEMS based?
The registered office is at Boulevard de la Sennette 42, 7190 Ecaussinnes.Company details
What does LISAM SYSTEMS do?
According to the KBO register, the main activity is retail sale of information and communication equipment (NACE 47400).
What is the legal form of LISAM SYSTEMS?
LISAM SYSTEMS is a public limited company (NV).
When was LISAM SYSTEMS founded?
LISAM SYSTEMS was founded on 02-08-1999.
Is LISAM SYSTEMS still active?
Yes, LISAM SYSTEMS is an active enterprise in the KBO register.
How many employees does LISAM SYSTEMS have?
LISAM SYSTEMS had an average of 85.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LISAM SYSTEMS?
The turnover of LISAM SYSTEMS was €21.2m in financial year 2025, according to the filed annual accounts.
Is LISAM SYSTEMS profitable?
In financial year 2025, LISAM SYSTEMS made a profit of €2.8m.
Where can I find the annual accounts of LISAM SYSTEMS?
LISAM SYSTEMS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LISAM SYSTEMS due?
LISAM SYSTEMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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