SYS concept

Active

Private limited companyfounded 20215 yrs activeRue du Couvent(FL) 14, 6220 Fleurus, BelgiumKBO/BCE: BE 0764.494.117

The computed 12-month bankruptcy probability of SYS concept is 4.0% (moderate). The 2024 annual accounts show equity of €213k and a net result of €114k. Equity is growing by ~110.7% per year across the filed fiscal years. Its solvency ranks better than 50% of 26043 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

62 / 100

Healthy

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability91▼-9

Solvency58▲+16

Growth78=

Track record94

Bankruptcy probability, 12 months

4.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €13k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 1.13 in 2023; short-term debt: 62.7% and cash: 53.5% of total assets), and 67.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

90 d late

2023

19 d late

2022

31 d late

2021

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€213k▲ 116%

2023 · €99k

2021: €25k 2022: €33k 2023: €99k

2021 → 2024

Total assets

€650k▲ 13.9%

2023 · €571k

2021: €132k 2022: €304k 2023: €571k

2021 → 2024

Net result

€114k▼ 25.7%

2023 · €154k

2021: €72k 2022: €127k 2023: €154k

2021 → 2024

Working capital

€153k▲ 150%

2023 · €61k

2021: €14k 2022: €11k 2023: €61k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€25k-€33k▲ 35.6%€99k▲ 197%€213k▲ 116%

Operating result€90k-€173k▲ 92.1%€207k▲ 19.6%€171k▼ 17.2%

Net result€72k-€127k▲ 77.9%€154k▲ 20.7%€114k▼ 25.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 17% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €650k

13.7%

86.3%

Fixed assets €89k▲ 143%

Current assets €561k▲ 5.1%

Equity and liabilities €650k

32.8%

67.2%

Equity €213k▲ 116%

Debt €437k▼ 7.4%

The debt ratio falls from 82.7% to 67.2%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€195k▼

2023 · €218k

Cash flow

€139k▼

2023 · €166k

Solvency

32.8%▲

2023 · 17.3%

Current ratio

1.38▲

2023 · 1.13

Quick ratio

1.10▲

2023 · 0.98

Debt / equity

2.05▼

2023 · 4.78

ROE

53.7%▼

2023 · 155.9%

ROA

17.6%▼

2023 · 27.0%

Interest coverage

15.91▼

2023 · 817.76

Debt

€437k▼

2023 · €472k

Debt ≤ 1 year

€407k▼

2023 · €472k

Debt > 1 year

€30k

Income taxes

€44k▼

2023 · €52k

Staff costs

€178k▲

2023 · €175k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€571k€650k▲

Formation expenses20€620€333▼

Fixed assets21/28€37k€89k▲

Intangible fixed assets21€2k€2k▼

Tangible fixed assets22/27€31k€84k▲

Plant, machinery and equipment23€2k€7k▲

Furniture and vehicles24€28k€73k▲

Other tangible fixed assets26€1k€4k▲

Financial fixed assets28€3k€3k=

Current assets29/58€533k€561k▲

Amounts receivable after more than one year29€60k€60k=

Other amounts receivable291€60k€60k=

Stocks and contracts in progress3€71k€111k▲

Stocks30/36€71k€111k▲

Amounts receivable within one year40/41€110k€37k▼

Trade receivables40€89k€8k▼

Other amounts receivable41€21k€30k▲

Cash at bank and in hand54/58€287k€348k▲

Deferred charges and accrued income490/1€5k€5k▼

Equity and liabilities

Total equity and liabilities10/49€571k€650k▲

Equity10/15€99k€213k▲

Contributions10/11€10k€10k=

Reserves13€1k€1k=

Non-distributable reserves130/1€1k€1k=

Reserves not available under the articles1311€1k€1k=

Profit (loss) carried forward14€88k€202k▲

Amounts payable17/49€472k€437k▼

Amounts payable after more than one year17-€30k

Financial debts170/4-€30k

Amounts payable within one year42/48€472k€407k▼

Current portion of amounts payable after more than one year42-€10k

Financial debts43-€74

Credit institutions430/8-€74

Trade debts44€181k€35k▼

Suppliers440/4€181k€35k▼

Advances received on contracts in progress46-€98k

Taxes, remuneration and social security45€216k€265k▲

Taxes450/3€195k€225k▲

Remuneration and social security454/9€21k€39k▲

Other amounts payable47/48€75k-

Income statement Code20232024

Remuneration, social security and pensions62€175k€178k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€24k▲

Other operating charges640/8€2k€5k▲

Gross operating margin9900€396k€378k▼

Operating profit (loss)9901€207k€171k▼

Financial income75/76B€3€2▼

Recurring financial income75€3€2▼

Financial charges65/66B€267€12k▲

Recurring financial charges65€267€12k▲

Profit (loss) for the period before taxes9903€206k€159k▼

Income taxes67/77€52k€44k▼

Profit (loss) for the period9904€154k€114k▼

Profit (loss) for the period to be appropriated9905€154k€114k▼

Appropriation of the result

Profit (loss) to be appropriated9906€176k€202k▲

Profit (loss) brought forward from the previous period14P€22k€88k▲

Profit to be distributed694/7€88k-

Return on contributions (dividend)694€88k-

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

29-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 90 days late

2024

31-12

Financial Equity above €200kEq €213k ▲116%

4 profitable years in a row build equity to €213k.

19-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

31-12

Financial Highest result since 2021net €154k ▲20.7%

Operating result €207k, net result €154k, both a record.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Fleurus · 4 establishment units since 2021

establishment All 4 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Couvent(FL) 146220 Fleurus

Ground area

1,932 m²

Building footprint

335 m²

Volume, LiDAR

1,620 m³

4 parcels, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.

4 establishment units

SYS concept

Rue du Couvent(FL) 14, 6220 FleurusRetail sale of women's outerwear

since 20212.314.616.176

SYS Concept

Rue du Centre 7, 5590 CineyRetail sale of women's outerwear

since 20222.340.158.355

SYS concept

Chaussée de Charleroi(FL) 273, 6220 FleurusRetail trade

since 20232.348.209.553

Les Capricieuses

Rue Lucien-Ponlot, Ligny 37, 5140 SombreffeRetail sale of women's outerwear

since 20262.391.174.615

4 parcels

Wallonia 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
92074B0332/00T011	Wallonia	1,313 m²	1 · 86 m²	-
52021D0747/00B005	Wallonia	371 m²	1 · 91 m²	11.5 m · 3 fl.
91030A0481/00L000	Wallonia	167 m²	1 · 94 m²	-
52021D0644/00E000	Wallonia	81 m²	1 · 64 m²	13.9 m · 4 fl.