siSYSTEMS
ActiveSummary
siSYSTEMS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-55k) and a net result of €-80k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-98
Solvency0▼-43
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 1.18 in 2024; short-term debt: 409.9% and cash: 26.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-341%
Return on assets
-500.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-55k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
29 d late
2023
28 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-55k
2024 · €25k
2018: €2k
2019: €6k▲ +179% vs 2018
2020: €-2k▼ -127% vs 2019
2021: €-34k▼ -1893% vs 2020
2022: €-38k▼ -11.7% vs 2021
2023: €-8k▲ +78.7% vs 2022
2024: €25k▲ +413% vs 2023highest in 8 years
2025: €-55k▼ -314% vs 2024lowest in 8 years
2018 → 2025
Total assets
€16k▼ 88.8%
2024 · €144k
2018: €21k
2019: €25k▲ +21.9% vs 2018
2020: €60k▲ +135% vs 2019
2021: €44k▼ -26.5% vs 2020
2022: €45k▲ +3.0% vs 2021
2023: €178k▲ +295% vs 2022highest in 8 years
2024: €144k▼ -19.4% vs 2023
2025: €16k▼ -88.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€-80k
2024 · €34k
2018: €-5k
2019: €4k▲ +176% vs 2018
2020: €-8k▼ -299% vs 2019
2021: €-33k▼ -308% vs 2020
2022: €-4k▲ +87.7% vs 2021
2023: €30k▲ +851% vs 2022
2024: €34k▲ +11.8% vs 2023highest in 8 years
2025: €-80k▼ -338% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-58k
2024 · €20k
2018: €2k
2019: €3k▲ +52.2% vs 2018
2020: €-9k▼ -351% vs 2019
2021: €-17k▼ -99.8% vs 2020
2022: €-38k▼ -123% vs 2021
2023: €-7k▲ +81.5% vs 2022
2024: €20k▲ +379% vs 2023highest in 8 years
2025: €-58k▼ -396% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-34k-€-38k▼ 11.7%€-8k▲ 78.7%€25k€-55k
2021: €-34k
2022: €-38k▼ -11.7% vs 2021
2023: €-8k▲ +78.7% vs 2022
2024: €25k▲ +413% vs 2023highest in 5 years
2025: €-55k▼ -314% vs 2024lowest in 5 years
Operating result€-32k-€-4k▲ 88.6%€30k€34k▲ 10.3%€-80k
2021: €-32k
2022: €-4k▲ +88.6% vs 2021
2023: €30k▲ +931% vs 2022
2024: €34k▲ +10.3% vs 2023highest in 5 years
2025: €-80k▼ -337% vs 2024lowest in 5 years
Net result€-33k-€-4k▲ 87.7%€30k€34k▲ 11.8%€-80k
2021: €-33k
2022: €-4k▲ +87.7% vs 2021
2023: €30k▲ +851% vs 2022
2024: €34k▲ +11.8% vs 2023highest in 5 years
2025: €-80k▼ -338% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €80k after €34k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16k
Fixed assets
€9k ▼ 41.7%
Current assets
€7k ▼ 94.3%
Key figures and ratios
EBITDA
€-77k▼
2024 · €42k
Cash flow
€-77k▼
2024 · €42k
Solvency
-341.0%▼
2024 · 17.8%
Current ratio
0.11▼
2024 · 1.18
Debt to equity
-1.29▼
2024 · 4.63
ROA
-500.3%▼
2024 · 23.4%
Interest coverage
-209.34▼
2024 · 112.45
Debt
€71k▼
2024 · €118k
Debt ≤ 1 year
€66k▼
2024 · €109k
Debt > 1 year
€5k▼
2024 · €9k
Income taxes
€0▼
2024 · €4k
Staff costs
€0▼
2024 · €557
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€144k€16k▼
Fixed assets21/28€15k€9k▼
Tangible fixed assets22/27€10k€9k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€1k€2k▲
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€5k€0▼
Current assets29/58€129k€7k▼
Amounts receivable within one year40/41€77k€3k▼
Trade receivables40€72k€599▼
Other amounts receivable41€5k€2k▼
Cash at bank and in hand54/58€51k€4k▼
Deferred charges and accrued income490/1€320€126▼
Equity and liabilities
Total equity and liabilities10/49€144k€16k▼
Equity10/15€25k€-55k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€5k€-75k▼
Amounts payable17/49€118k€71k▼
Amounts payable after more than one year17€9k€5k▼
Financial debts170/4€9k€5k▼
Amounts payable within one year42/48€109k€66k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€12€0▼
Other loans439€12€0▼
Trade debts44€79k€6k▼
Suppliers440/4€79k€6k▼
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€22k€52k▲
Income statement
Code20242025
Remuneration, social security and pensions62€557€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€21k€2k▼
Other operating charges640/8€916€400▼
Non-recurring operating charges66A€4k€0▼
Gross operating margin9900€69k€-75k▼
Operating profit (loss)9901€34k€-80k▼
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€374€367▼
Recurring financial charges65€374€367▼
Profit (loss) for the period before taxes9903€38k€-80k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€34k€-80k▼
Profit (loss) for the period to be appropriated9905€34k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-75k▼
Profit (loss) brought forward from the previous period14P€-29k€5k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €557 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €9k | €8k | €3k | ▼ 65.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €21k | €2k | ▼ 92.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €21k | €-21k | - | - | - | - |
| Other operating charges640/8 | €769 | €992 | €868 | €916 | €400 | ▼ 56.3% |
| Non-recurring operating charges66A | - | €18k | - | €4k | €0 | ▼ 100% |
| Gross operating margin9900 | €-2k | €2k | €40k | €69k | €-75k | ▼ 209% |
| Operating profit (loss)9901 | €-32k | €-4k | €30k | €34k | €-80k | ▼ 337% |
| Financial income75/76B | - | - | €0 | €4k | €0 | ▼ 100.0% |
| Recurring financial income75 | - | - | €0 | €4k | €0 | ▼ 100.0% |
| Financial charges65/66B | €330 | €335 | €399 | €374 | €367 | ▼ 1.9% |
| Recurring financial charges65 | €330 | €335 | €399 | €374 | €367 | ▼ 1.9% |
| Profit (loss) for the period before taxes9903 | €-33k | €-4k | €30k | €38k | €-80k | ▼ 314% |
| Income taxes67/77 | - | - | €0 | €4k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €-33k | €-4k | €30k | €34k | €-80k | ▼ 338% |
| Profit (loss) for the period to be appropriated9905 | €-33k | €-4k | €30k | €34k | €-80k | ▼ 338% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44k | €45k | €178k | €144k | €16k | ▼ 88.8% |
| Fixed assets21/28 | €26k | €17k | €12k | €15k | €9k | ▼ 41.7% |
| Tangible fixed assets22/27 | €26k | €17k | €12k | €10k | €9k | ▼ 9.3% |
| Plant, machinery and equipment23 | €3k | €2k | €4k | €5k | €4k | ▼ 24.8% |
| Furniture and vehicles24 | €23k | €16k | €9k | €1k | €2k | ▲ 56.2% |
| Other tangible fixed assets26 | - | - | - | €4k | €3k | ▼ 10.3% |
| Financial fixed assets28 | - | - | - | €5k | €0 | ▼ 100% |
| Current assets29/58 | €18k | €28k | €166k | €129k | €7k | ▼ 94.3% |
| Amounts receivable within one year40/41 | €3k | €10k | €9k | €77k | €3k | ▼ 96.2% |
| Trade receivables40 | €2k | €8k | €8k | €72k | €599 | ▼ 99.2% |
| Other amounts receivable41 | €1k | €2k | €1k | €5k | €2k | ▼ 57.2% |
| Cash at bank and in hand54/58 | €2k | €5k | €156k | €51k | €4k | ▼ 91.8% |
| Deferred charges and accrued income490/1 | €13k | €13k | €277 | €320 | €126 | ▼ 60.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44k | €45k | €178k | €144k | €16k | ▼ 88.8% |
| Equity10/15 | €-34k | €-38k | €-8k | €25k | €-55k | ▼ 314% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €-55k | €-59k | €-29k | €5k | €-75k | ▼ 1,590% |
| Provisions and deferred taxes16 | €21k | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €21k | - | - | - | - | - |
| Other liabilities and charges164/5 | €21k | - | - | - | - | - |
| Amounts payable17/49 | €57k | €83k | €186k | €118k | €71k | ▼ 40.2% |
| Amounts payable after more than one year17 | €22k | €18k | €13k | €9k | €5k | ▼ 45.9% |
| Financial debts170/4 | €22k | €18k | €13k | €9k | €5k | ▼ 45.9% |
| Amounts payable within one year42/48 | €35k | €66k | €173k | €109k | €66k | ▼ 39.7% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | €4k | €4k | ▲ 1.0% |
| Financial debts43 | - | - | - | €12 | €0 | ▼ 100% |
| Other loans439 | - | - | - | €12 | €0 | ▼ 100% |
| Trade debts44 | €14k | €14k | €130k | €79k | €6k | ▼ 92.8% |
| Suppliers440/4 | €14k | €14k | €130k | €79k | €6k | ▼ 92.8% |
| Taxes, remuneration and social security45 | €162 | €71 | €3k | €4k | €4k | ▲ 0.9% |
| Taxes450/3 | €162 | €71 | €3k | €4k | €4k | ▲ 0.9% |
| Other amounts payable47/48 | €17k | €48k | €35k | €22k | €52k | ▲ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-33k | €-4k | €30k | €34k | €-80k | ▼ 338% |
| + Depreciation and write-downs630 | €8k | €8k | €9k | €8k | €3k | ▼ 65.1% |
| Operating cash flow (approximation) | €-24k | €4k | €39k | €42k | €-77k | ▼ 283% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-11k | €3k | ▲ 130% |
| Change in cash | - | €3k | €151k | €-105k | €-47k | ▲ 55.4% |
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
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-80k
Net result drops to €-80k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €34k ▲11.8%
Operating result €34k, net result €34k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Schoten · 1 establishment unit since 2009
Ground area
1,931 m²
Building footprint
256 m²
Volume, LiDAR
1,600 m³
Parcel 11040D0190/00F003, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zilverstraat 31, 2900 Schoten
since 20092.285.858.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0190/00F003 | Flanders | 1,931 m² | 1 · 256 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
RandD
BE 0751.689.127
Putte · Eq €25,845
EL-IT CONSULTING
BE 0656.671.687
Wezembeek-Oppem · Eq €25,109
CLIJSTERS CONSULTING
BE 0743.389.093
Tremelo · Eq €26,067
I-MANAGER
BE 1001.958.233
Oudsbergen · Eq €24,928
NOTE CONSULT
BE 0715.944.330
Kortrijk · Eq €24,916
Of 3,152 companies in sector 63920 we hold annual accounts for 1,525. 1,125 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
Founded12-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
70200Business and other management consultancy
79110Travel agency activities
82300Organisation of conventions and trade shows
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.