Equity
€213,083 ▲ 116%
Equity rose in 2024 from €98,682 to €213,083.
SYS concept
Lifetime
4 annual accounts with figures on one time axispeak €395,525 (2023)
€378,439▼ 4.3%
peak €153,884 (2023)
€114,402▼ 25.7%
peak €213,083 (2024)
€213,083▲ 116%
€437,008▼ 7.4%
Board2 names since 2021
1 directorCOVATO Sarah
Documentsfilings and deeds
29-10-202590 days late
2024micro format
Result from €153,884 to €114,402Equity from €98,682 to €213,083Investments €76,695
Key points
from the 2024 annual accountsTurnover
≈ €1.4m estimated
The micro format states no turnover.
Investments
€76,408 3.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 278.9% higher than in 2023.
Filings
4 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€10,000 100 shares
Position in the sector
€114,402
Higher net result than 95% of companies in retail trade. Sector median €4,566 · 25,532 companies.
Checked score
52
Fair
Financially stronger than 75% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025lowest value
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 1.0%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.5%▲ +0.5 percentage points vs 07-2025
09-2025: 1.7%▲ +0.2 percentage points vs 08-2025
10-2025: 2.5%▲ +0.8 percentage points vs 09-2025
11-2025: 1.0%▼ -1.5 percentage points vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.1 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.8%▲ +0.7 percentage points vs 07-2026
09-2026: 2.0%▲ +0.2 percentage points vs 08-2026
10-2026: 3.2%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 3.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2024 (filed on 31-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 90 days late; 2 of the last 3 accounts late
Founded in 2021
lowers risk
Size: total assets €650,091
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, micro). It does better than 48% of them on solvency, 74% on liquidity, 85% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as SYS concept has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
The bankruptcy probability of SYS concept itself is higher: 3.2% within 12 months. It rests on far more data about SYS concept than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,782 companies, not a prediction for SYS concept. 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.
Credit verdict
Credit of up to €11,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is tight, with a current ratio of 1.38 (1.13 in 2023), below the usual 1.5. Short-term debt is 62.7% and cash 53.5% of total assets. 67.2% of the assets are financed with debt and provisions.
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
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 90 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
90 days late
2023
19 days late
2022
31 days late
2021
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 43 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 (1)
Recent changes
New establishment in Sombreffe
Les Capricieuses, Rue Lucien-Ponlot, Ligny 37
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0764494117
Resignation: Demoulin Manon (director)
General meeting of 20-03-2023 · Gazette deed
New establishment in Fleurus
Chaussée de Charleroi 273
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SYS concept Fleurus | €650,091 | €378,439 | 32.8% | - |
| Jenna Leuven | €662,535 | €429,665 | 53.5% | - |
| TOPPIO Ypres | €774,405 | €352,396 | 56.9% | 4 |
| Saint Colette Oostkamp | €647,043 | €430,827 | 21.9% | 4.8 |
| House of Ella Mechelen | €700,318 | €269,482 | 31.6% | - |
| CORVENTS Maldegem | €727,956 | €247,518 | 10.3% | - |
| Pure Sense Liedekerke | €803,177 | €347,241 | 39.7% | 6.2 |
These companies have the same main activity as SYS concept: retail sale of women's outerwear (NACE 47711). They are comparable in size and age: total assets between €647,000 and €803,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 01-03-2021Normal situation
- Activity
- Retail sale of women's outerwearNACE 47711and 3 others
- Establishment units
- 2.314.616.1766220 Fleurus, since 01-03-2021
- 2.340.158.3555590 Ciney, since 30-07-2022and 2 others
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Insights on SYS concept
SYS concept files the micro format. That format states no turnover. The gross margin rose from €126,264 in 2021 to €378,439 in 2024.
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 SYS concept
- What is the company number of SYS concept?
- The company number of SYS concept is 0764.494.117. The VAT number is the same number with BE in front: BE 0764.494.117.
- Where is SYS concept based?
- The registered office is at Rue du Couvent 14, 6220 Fleurus.Company details
- What does SYS concept do?
- According to the KBO register, the main activity is retail sale of women's outerwear (NACE 47711).
- What is the legal form of SYS concept?
- SYS concept is a private limited company (BV).
- When was SYS concept founded?
- SYS concept was founded on 01-03-2021.
- Is SYS concept still active?
- Yes, SYS concept is an active enterprise in the KBO register.
- How many employees does SYS concept have?
- SYS concept had an average of 4 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of SYS concept?
- The turnover in financial year 2024 is ≈ €1.4m. This figure is estimated from the gross margin of €378,439 and 67 comparable companies (NACE 477). It probably lies between €920,000 and €2.1m.
- Is SYS concept profitable?
- In financial year 2024, SYS concept made a profit of €114,402.
- Where can I find the annual accounts of SYS concept?
- SYS concept filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.