RIADATA SYSTEMS
ActiveSummary
RIADATA SYSTEMS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,754 and a net result of -€30,084. Equity has been shrinking by about 15% per year since 2019. Its solvency ranks better than 13% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 06-06-1989 Normal situation
- Activity
- Computer programming NACE 62100
- Establishment unit
- 2.043.784.555 9031 Gent, since 20-06-1989
- Financial year end
- 30 September
- Peppol
- Reachable since 30-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- -€25,163
- Loss
- €30,084
- Equity
- €50,754
- ▼ 37.2%
- Total assets
- €643,508
- ▲ 23.2%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskLiquidity: current ratio 0.891 of the last 3 accounts lateLoss of €30,084 (financial year 2025)lowers riskSize: total assets €643,508Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 15% of them on solvency, 2% on liquidity, 13% on profitability and 18% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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 check for an amount and term of your choice
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.
Signals
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-04-2026 PDF all 36 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €28,190, after a profit of €19,189 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €9,091 | - | - | - |
| Depreciation and write-downs of the year | €606 | €1,818 | €1,818 | €1,818 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as RIADATA SYSTEMS: computer programming (NACE 62100). They are comparable in size and age: total assets between €415,000 and €667,000, founded between 1983 and 1993.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| RIADATA SYSTEMS Gent | 1989 | €643,508 | €50,754 | -€25,163 | -€30,084 | 2025 |
| M.C.S. - MOTTES COMPUTER SCIENCE Oudergem | 1987 | €666,798 | €662,950 | -€8,105 | -€2,379 | 2025 |
| PROGAN Brussel | 1988 | €576,457 | €331,017 | -€31,723 | -€34,868 | 2025 |
| Optimum Production Systems Boortmeerbeek | 1983 | €641,927 | €440,094 | -€4,410 | €194,750 | 2025 |
| EXPERT SOFTWARE SYSTEMS Gent | 1984 | €504,004 | €260,913 | -€20,075 | -€41,843 | 2025 |
| INSOFTMATIC Assenede | 1990 | €414,865 | €410,775 | -€38,649 | -€41,165 | 2025 |
| QUIPU Huldenberg | 1993 | €513,197 | €308,690 | -€27,671 | -€57,715 | 2025 |
They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 1,104 companies had the same profile as RIADATA SYSTEMS has now. Two years later, 1.8% had gone bankrupt and 94.3% were still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RIADATA SYSTEMS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,104 companies, not a prediction for RIADATA SYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €176,716 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €4,766 | -€55 | -€983 | €57 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €606 | €1,818 | €1,818 | €1,818 | = |
| Other operating charges640/8 | - | - | - | €8,314 | €1,103 | €10,183 | €1,153 | ▼ 88.7% |
| Gross operating margin9900 | €62,938 | €38,003 | -€21,195 | €5,671 | €12,737 | €30,207 | -€25,163 | - |
| Operating profit (loss)9901 | €2,008 | €13,776 | -€28,404 | -€8,016 | €9,871 | €19,189 | -€28,190 | - |
| Financial charges65/66B | - | - | - | €31,524 | €2,062 | €4,023 | €1,687 | ▼ 58.1% |
| Recurring financial charges65 | €751 | €738 | €1,012 | €31,524 | €2,062 | €4,023 | €1,687 | ▼ 58.1% |
| Profit (loss) for the period before taxes9903 | €1,257 | €13,038 | -€29,415 | -€39,540 | €7,809 | €15,166 | -€29,878 | - |
| Income taxes67/77 | €2,516 | €1,751 | €36,627 | - | €2,291 | €12,039 | €206 | ▼ 98.3% |
| Profit (loss) for the period9904 | -€1,259 | €11,287 | -€17,337 | -€39,540 | €5,518 | €3,128 | -€30,084 | - |
| Profit (loss) for the period to be appropriated9905 | -€1,259 | €11,287 | €77,253 | -€39,540 | €5,518 | €3,128 | -€30,084 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €285,223 | €350,899 | €287,661 | €261,975 | €252,462 | €522,380 | €643,508 | ▲ 23.2% |
| Fixed assets21/28 | €164,500 | €164,500 | €164,500 | €143,535 | €141,717 | €139,898 | €138,080 | ▼ 1.3% |
| Tangible fixed assets22/27 | - | - | - | €8,485 | €6,667 | €4,848 | €3,030 | ▼ 37.5% |
| Furniture and vehicles24 | - | - | - | €8,485 | €6,667 | €4,848 | €3,030 | ▼ 37.5% |
| Financial fixed assets28 | €164,500 | €164,500 | €164,500 | €135,050 | €135,050 | €135,050 | €135,050 | = |
| Current assets29/58 | €120,723 | €186,399 | €123,161 | €118,440 | €110,745 | €382,481 | €505,428 | ▲ 32.1% |
| Amounts receivable after more than one year29 | - | - | - | €20,232 | €20,232 | €20,232 | €20,232 | = |
| Trade receivables290 | - | - | - | €20,232 | €20,232 | €20,232 | €20,232 | = |
| Amounts receivable within one year40/41 | €93,045 | €165,030 | €102,903 | €98,181 | €90,514 | €362,250 | €485,196 | ▲ 33.9% |
| Trade receivables40 | - | - | - | - | - | €273,750 | €394,317 | ▲ 44.0% |
| Other amounts receivable41 | - | - | - | €98,181 | €90,514 | €88,500 | €90,880 | ▲ 2.7% |
| Cash at bank and in hand54/58 | €750 | €1,137 | €27 | €27 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €285,223 | €350,899 | €287,661 | €261,975 | €252,462 | €522,380 | €643,508 | ▲ 23.2% |
| Equity10/15 | €117,781 | €129,069 | €111,732 | €72,192 | €77,710 | €80,837 | €50,754 | ▼ 37.2% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | - | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Issued capital100 | - | - | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €121,060 | €121,060 | €26,471 | €26,471 | €26,471 | €26,471 | €26,471 | = |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €23,372 | €23,372 | €23,372 | €23,372 | = |
| Profit (loss) carried forward14 | -€34,265 | -€22,978 | €54,275 | €14,735 | €20,252 | €23,380 | -€6,704 | - |
| Provisions and deferred taxes16 | €48,706 | €48,706 | - | - | - | - | - | - |
| Amounts payable17/49 | €118,735 | €173,124 | €175,929 | €189,783 | €174,752 | €441,542 | €592,754 | ▲ 34.2% |
| Amounts payable after more than one year17 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Financial debts170/4 | - | - | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Amounts payable within one year42/48 | €93,735 | €148,124 | €150,929 | €164,783 | €149,752 | €416,542 | €567,754 | ▲ 36.3% |
| Financial debts43 | - | - | - | €9,307 | €9,944 | €9,972 | - | - |
| Credit institutions430/8 | - | - | - | €9,307 | €9,944 | €9,972 | - | - |
| Trade debts44 | €75 | - | €13,680 | €28,450 | €9,577 | €29,376 | €183,534 | ▲ 525% |
| Suppliers440/4 | - | - | - | €28,450 | €9,577 | €29,376 | €183,534 | ▲ 525% |
| Advances received on contracts in progress46 | - | - | - | - | - | €258,335 | €258,335 | = |
| Taxes, remuneration and social security45 | - | - | - | €33,937 | €27,732 | €5,295 | €5,203 | ▼ 1.7% |
| Taxes450/3 | - | - | - | €33,937 | €27,732 | €5,295 | €5,203 | ▼ 1.7% |
| Other amounts payable47/48 | - | - | - | €93,089 | €102,499 | €113,564 | €120,683 | ▲ 6.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,259 | €11,287 | -€17,337 | -€39,540 | €5,518 | €3,128 | -€30,084 | - |
| + Depreciation and write-downs630 | - | - | - | €606 | €1,818 | €1,818 | €1,818 | = |
| Operating cash flow (approximation) | -€1,259 | €11,287 | -€17,337 | -€38,934 | €7,336 | €4,946 | -€28,266 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €20,359 | €0 | €0 | €0 | - |
| Change in cash | - | €387 | -€1,110 | €0 | - | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 30-04-2026 | 2026-00094845 | |
| 30-09-2024 | micro format | 23-04-2025 | 2025-00073228 | |
| 30-09-2023 | micro format | 31-05-2024 | 2024-00103254 | |
| 30-09-2022 | micro format | 18-12-2023 | 2023-00529649 | |
| 30-09-2021 | micro format | 30-03-2022 | 2022-09100091 | |
| 30-09-2020 | micro format | 19-05-2021 | 2021-14400227 | |
| 30-09-2019 | micro format | 21-02-2020 | 2020-05400279 | |
| 30-09-2018 | micro format | 27-09-2019 | 2019-66700255 | |
| 30-09-2017 | abbreviated format | 28-12-2017 | 2017-73100557 | |
| 30-09-2016 | abbreviated format | 07-03-2017 | 2017-05900511 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- SYSTRAY SOLUTIONSsubsidiarySourceown accounts 30-09-2025Equity -€121,563 Loss of €32,166 in 2024 (loss of €62,589 in 2023) Checked score 0100%
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of RIADATA SYSTEMS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44017C0838/00H000 | Flanders | 725 m² | 1 · 181 m² | 5.9 m · 2 |