SCY Systems
ActiveSummary
The annual accounts of SCY Systems for fiscal year 2024 show a net loss of 56% of total assets. The 2024 annual accounts show equity of €23,776 and a net result of -€20,020. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 20786 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-6
Solvency92▲+1
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.85 against 2.78 in 2023; short-term debt: 33.3% and cash: 12.1% of total assets), and 33.3% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
66.7%
Return on assets
-56.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year -€20,020
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-12-2025, 126 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
126 d late
2023
118 d late
2022
112 d late
2021
463 d late
2020
115 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 187 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€23,776▼ 45.7%
2023 · €43,796
Total assets
€35,664▼ 46.1%
2023 · €66,107
Net result
-€20,020▼ 205%
2023 · -€6,558
Working capital
€22,040▼ 44.6%
2023 · €39,756
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€26,950-€9,514▼ 64.7%€27,192▲ 186%-€6,188-€15,222▼ 146%
Net result€21,445within the sector's middle half-€5,499within the sector's middle half▼ 74.4%€19,910within the sector's middle half▲ 262%-€6,558below the sector's middle half-€20,020below the sector's middle half▼ 205%
Equity€24,945below the sector's middle half-€30,445within the sector's middle half▲ 22.0%€50,355within the sector's middle half▲ 65.4%€43,796within the sector's middle half▼ 13.0%€23,776below the sector's middle half▼ 45.7%
Total assets€39,596below the sector's middle half-€70,847within the sector's middle half▲ 78.9%€78,955within the sector's middle half▲ 11.4%€66,107below the sector's middle half▼ 16.3%€35,664below the sector's middle half▼ 46.1%
Debt€14,651-€40,403▲ 176%€28,601▼ 29.2%€22,311▼ 22.0%€11,888▼ 46.7%
Working capital€24,501within the sector's middle half-€7,808below the sector's middle half▼ 68.1%€25,330within the sector's middle half▲ 224%€39,756within the sector's middle half▲ 57.0%€22,040within the sector's middle half▼ 44.6%
Solvency63.0%within the sector's middle half-43.0%within the sector's middle half▼ 20.0pp63.8%within the sector's middle half▲ 20.8pp66.3%within the sector's middle half▲ 2.5pp66.7%within the sector's middle half▲ 0.4pp
Current ratio2.67within the sector's middle half-1.28below the sector's middle half▼ 1.401.97within the sector's middle half▲ 0.692.78within the sector's middle half▲ 0.812.85within the sector's middle half▲ 0.07
Return on assets (ROA)54.2%above the sector's middle half-7.8%within the sector's middle half▼ 46.4pp25.2%within the sector's middle half▲ 17.5pp-9.9%below the sector's middle half▼ 35.1pp-56.1%below the sector's middle half▼ 46.2pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,222 in 2024 against €6,188 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35,664
Fixed assets
€1,736 ▼ 57.0%
Current assets
€33,928 ▼ 45.3%
Equity and liabilities €35,664
Equity
€23,776 ▼ 45.7%
Debt
€11,888 ▼ 46.7%
Debt's share of the balance-sheet total falls from 33.7% to 33.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€13,910▼
2023 · -€3,198
Cash flow
-€18,708▼
2023 · -€3,567
Debt to equity
0.50▼
2023 · 0.51
ROE
-84.2%▼
2023 · -15.0%
Interest coverage
-2.95▲
2023 · -4.74
Debt ≤ 1 year
€11,888▼
2023 · €22,311
Income taxes
€1,969▲
2023 · €674
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,159 | €7,378 | €9,090 | €2,991 | €1,312 | ▼ 56.1% |
| Other operating charges640/8 | - | €1,431 | €854 | €7,653 | €387 | ▼ 94.9% |
| Gross operating margin9900 | €30,159 | €18,322 | €37,136 | €4,456 | -€13,523 | ▼ 404% |
| Operating profit (loss)9901 | €26,950 | €9,514 | €27,192 | -€6,188 | -€15,222 | ▼ 146% |
| Financial income75/76B | - | €183 | €297 | €978 | €1,889 | ▲ 93.1% |
| Recurring financial income75 | €144 | €183 | €297 | €978 | €1,889 | ▲ 93.1% |
| Financial charges65/66B | - | €651 | €468 | €674 | €4,718 | ▲ 600% |
| Recurring financial charges65 | €63 | €651 | €468 | €674 | €4,718 | ▲ 600% |
| Profit (loss) for the period before taxes9903 | €27,031 | €9,046 | €27,021 | -€5,884 | -€18,052 | ▼ 207% |
| Income taxes67/77 | €5,585 | €3,547 | €7,111 | €674 | €1,969 | ▲ 192% |
| Profit (loss) for the period9904 | €21,445 | €5,499 | €19,910 | -€6,558 | -€20,020 | ▼ 205% |
| Profit (loss) for the period to be appropriated9905 | €21,445 | €5,499 | €19,910 | -€6,558 | -€20,020 | ▼ 205% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €39,596 | €70,847 | €78,955 | €66,107 | €35,664 | ▼ 46.1% |
| Fixed assets21/28 | €444 | €34,849 | €27,482 | €4,041 | €1,736 | ▼ 57.0% |
| Tangible fixed assets22/27 | €294 | €33,349 | €25,982 | €2,541 | €1,586 | ▼ 37.6% |
| Plant, machinery and equipment23 | - | €2,025 | €1,158 | €1,231 | €409 | ▼ 66.8% |
| Furniture and vehicles24 | - | €31,324 | €24,824 | €1,310 | €1,177 | ▼ 10.1% |
| Financial fixed assets28 | €150 | €1,500 | €1,500 | €1,500 | €150 | ▼ 90.0% |
| Current assets29/58 | €39,152 | €35,999 | €51,474 | €62,067 | €33,928 | ▼ 45.3% |
| Amounts receivable within one year40/41 | €13,554 | €31,546 | €22,802 | €30,768 | €29,186 | ▼ 5.1% |
| Trade receivables40 | - | €26,031 | €7,453 | €6,815 | - | - |
| Other amounts receivable41 | - | €5,516 | €15,349 | €23,953 | €29,186 | ▲ 21.9% |
| Cash at bank and in hand54/58 | €25,598 | €4,017 | €28,612 | €30,053 | €4,310 | ▼ 85.7% |
| Deferred charges and accrued income490/1 | - | €436 | €61 | €1,246 | €431 | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €39,596 | €70,847 | €78,955 | €66,107 | €35,664 | ▼ 46.1% |
| Equity10/15 | €24,945 | €30,445 | €50,355 | €43,796 | €23,776 | ▼ 45.7% |
| Contributions10/11 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €21,445 | €26,945 | €46,855 | €40,296 | €20,276 | ▼ 49.7% |
| Amounts payable17/49 | €14,651 | €40,403 | €28,601 | €22,311 | €11,888 | ▼ 46.7% |
| Amounts payable after more than one year17 | - | €12,212 | €2,457 | €0 | - | - |
| Financial debts170/4 | - | €12,212 | €2,457 | €0 | - | - |
| Amounts payable within one year42/48 | €14,651 | €28,191 | €26,144 | €22,311 | €11,888 | ▼ 46.7% |
| Current portion of amounts payable after more than one year42 | - | €9,637 | €9,755 | €2,457 | - | - |
| Financial debts43 | - | - | - | - | €1,684 | - |
| Credit institutions430/8 | - | - | - | - | €1,684 | - |
| Trade debts44 | €4,223 | €1,750 | €286 | €4,055 | €1,935 | ▼ 52.3% |
| Suppliers440/4 | - | €1,750 | €286 | €4,055 | €1,935 | ▼ 52.3% |
| Taxes, remuneration and social security45 | - | €16,804 | €16,103 | €15,799 | €8,269 | ▼ 47.7% |
| Taxes450/3 | - | €16,804 | €16,103 | €15,799 | €8,269 | ▼ 47.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,445 | €5,499 | €19,910 | -€6,558 | -€20,020 | ▼ 205% |
| + Depreciation and write-downs630 | €3,159 | €7,378 | €9,090 | €2,991 | €1,312 | ▼ 56.1% |
| Operating cash flow (approximation) | €24,604 | €12,877 | €29,000 | -€3,567 | -€18,708 | ▼ 424% |
| Investment in fixed assets (approximation) | - | -€41,782 | -€1,723 | €20,450 | €992 | ▼ 95.1% |
| Change in cash | - | -€21,582 | €24,595 | €1,441 | -€25,742 | ▼ 1,886% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 126 days late
2024
31-12
Financial
Weakest financial yearnet -€20,020
Net result drops to -€20,020, the lowest in the series.
26-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 118 days late
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 112 days late
06-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 463 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Fosses-la-Ville · 1 establishment unit since 2019
Ground area
1.5 ha
Building footprint
1,048 m²
Volume, LiDAR
19,455 m³
2 parcels, Brussels, Wallonia · tallest building 23.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Henri Evenepoelstraat 123, 1030 Schaarbeek
since 20192.296.464.607
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0101/00L002 | Brussels | 9,436 m² | 1 · 961 m² | 23.4 m · 7 fl. |
| 92132B0344/00C000 | Wallonia | 5,348 m² | 1 · 87 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,911 companies in sector 62100 we hold annual accounts for 8,787. 6,060 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63920Other information service activities
82300Organisation of conventions and trade shows
85599Other education
Contact
E-mail
scysystems@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738724977
Also
9925:BE0738724977
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.