SYSADM
ActiveSummary
SYSADM has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252,252 and a net result of -€8,306. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 42% of 10485 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability35▼-3
Solvency55▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.6 in 2024; short-term debt: 18.4% and cash: 0% of total assets), but 69.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-05-2026, 7 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 · 10 filingsDeviation from the deadline
2025
7 d late
2024
on the day
2023
27 d late
2022
272 d late
2021
21 d early
2020
on the day
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 50 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€252,252▼ 3.2%
2024 · €260,558
Total assets
€832,414▼ 0.3%
2024 · €834,871
Net result
-€8,306
2024 · €943
Working capital
€79,652▼ 9.4%
2024 · €87,958
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,336▼ 90.3%€110,189▲ 1,965%-€1,003€1,120€9,545▲ 752%
Net result-€22,608€37,456€5,903▼ 84.2%€943▼ 84.0%-€8,306
Equity€216,257▼ 9.5%€253,713▲ 17.3%€259,615▲ 2.3%€260,558▲ 0.4%€252,252▼ 3.2%
Total assets€1.6m▼ 2.9%€829,289▼ 47.0%€834,706▲ 0.7%€834,871=€832,414▼ 0.3%
Debt€1.3m▼ 1.8%€575,577▼ 57.3%€575,091▼ 0.1%€574,312▼ 0.1%€580,162▲ 1.0%
Working capital-€205,569▼ 52.0%€81,113€87,015▲ 7.3%€87,958▲ 1.1%€79,652▼ 9.4%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 752% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €832,414
Fixed assets
€600,000 =
Current assets
€232,414 ▼ 1.0%
Equity and liabilities €832,414
Equity
€252,252 ▼ 3.2%
Debt
€580,162 ▲ 1.0%
Debt's share of the balance-sheet total rises from 68.8% to 69.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.52▼
2024 · 1.60
Debt to equity
2.30▲
2024 · 2.20
ROE
-3.3%▼
2024 · 0.4%
ROA
-1.0%▼
2024 · 0.1%
Debt ≤ 1 year
€152,762▲
2024 · €146,912
Debt > 1 year
€427,400=
2024 · €427,400
Income taxes
€9,248
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €295,461 | - | - | - | - |
| Remuneration, social security and pensions62 | €76,445 | €33,688 | €2,880 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,251 | - | - | - | - | - |
| Other operating charges640/8 | €35 | €5,773 | - | €3,872 | €62 | ▼ 98.4% |
| Gross operating margin9900 | €127,067 | €149,650 | €1,877 | €4,992 | €9,607 | ▲ 92.5% |
| Operating profit (loss)9901 | €5,336 | €110,189 | -€1,003 | €1,120 | €9,545 | ▲ 752% |
| Financial income75/76B | €0 | - | €7,044 | - | - | - |
| Recurring financial income75 | €0 | - | €7,044 | - | - | - |
| Non-recurring financial income76B | - | - | €7,044 | - | - | - |
| Financial charges65/66B | €27,944 | €66,934 | €139 | €177 | €8,603 | ▲ 4,766% |
| Recurring financial charges65 | €17,025 | €55,621 | €139 | €177 | €8,603 | ▲ 4,766% |
| Non-recurring financial charges66B | €10,919 | €11,314 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€22,608 | €43,255 | €5,903 | €943 | €942 | ▼ 0.1% |
| Income taxes67/77 | - | €5,799 | - | - | €9,248 | - |
| Profit (loss) for the period9904 | -€22,608 | €37,456 | €5,903 | €943 | -€8,306 | ▼ 981% |
| Profit (loss) for the period to be appropriated9905 | -€22,608 | €37,456 | €5,903 | €943 | -€8,306 | ▼ 981% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €829,289 | €834,706 | €834,871 | €832,414 | ▼ 0.3% |
| Fixed assets21/28 | €1.4m | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Tangible fixed assets22/27 | €804,539 | - | - | - | - | - |
| Land and buildings22 | €794,960 | - | - | - | - | - |
| Furniture and vehicles24 | €9,579 | - | - | - | - | - |
| Financial fixed assets28 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Current assets29/58 | €159,173 | €229,289 | €234,706 | €234,871 | €232,414 | ▼ 1.0% |
| Amounts receivable after more than one year29 | €52,045 | €51,145 | €51,145 | €52,645 | €52,535 | ▼ 0.2% |
| Other amounts receivable291 | €52,045 | €51,145 | €51,145 | €52,645 | €52,535 | ▼ 0.2% |
| Amounts receivable within one year40/41 | €106,281 | €177,065 | €183,099 | €182,167 | €179,828 | ▼ 1.3% |
| Trade receivables40 | €87,181 | €24,880 | €31,535 | €22,779 | €27,752 | ▲ 21.8% |
| Other amounts receivable41 | €19,100 | €152,185 | €151,564 | €159,388 | €152,077 | ▼ 4.6% |
| Cash at bank and in hand54/58 | €847 | €1,079 | €462 | €59 | €51 | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €829,289 | €834,706 | €834,871 | €832,414 | ▼ 0.3% |
| Equity10/15 | €216,257 | €253,713 | €259,615 | €260,558 | €252,252 | ▼ 3.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €195,805 | €233,261 | €239,164 | €240,107 | €231,801 | ▼ 3.5% |
| Amounts payable17/49 | €1.3m | €575,577 | €575,091 | €574,312 | €580,162 | ▲ 1.0% |
| Amounts payable after more than one year17 | €982,714 | €427,400 | €427,400 | €427,400 | €427,400 | = |
| Financial debts170/4 | €555,314 | - | €427,400 | €427,400 | €427,400 | = |
| Other amounts payable178/9 | €427,400 | €427,400 | - | - | - | - |
| Amounts payable within one year42/48 | €364,741 | €148,177 | €147,691 | €146,912 | €152,762 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €98,559 | - | - | - | - | - |
| Financial debts43 | €676 | - | - | - | - | - |
| Credit institutions430/8 | €676 | - | - | - | - | - |
| Trade debts44 | €16,225 | - | - | - | - | - |
| Suppliers440/4 | €16,225 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €59,807 | - | - | - | €1,950 | - |
| Taxes450/3 | €54,249 | - | - | - | €1,950 | - |
| Remuneration and social security454/9 | €5,558 | - | - | - | - | - |
| Other amounts payable47/48 | €189,475 | €148,177 | €147,691 | €146,912 | €150,812 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,608 | €37,456 | €5,903 | €943 | -€8,306 | ▼ 981% |
| + Depreciation and write-downs630 | €45,251 | - | - | - | - | - |
| Operating cash flow (approximation) | €22,644 | €37,456 | €5,903 | €943 | -€8,306 | ▼ 981% |
| Investment in fixed assets (approximation) | - | €804,539 | €0 | €0 | €0 | - |
| Change in cash | - | €232 | -€617 | -€403 | -€8 | ▲ 98.1% |
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
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 272 days late
2022
30-09
Financial
Back to profitnet €37,456
Net result €37,456 after one loss-making year.
30-09
Financial
Liquidity quadruplescurrent ratio 1.55
Current ratio from 0.44 to 1.55; short-term debt falls from €364,741 to €148,177.
09-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€22,608
Net result drops to -€22,608, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
30-09
Financial
Highest result since 2018net €41,139 ▲85.3%
Net result €41,139, the highest in the series.
30-09
Financial
Equity above €200,000Eq €210,786 ▲24.2%
2 profitable years in a row build equity to €210,786.
Show earlier events
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Landen · 1 establishment unit since 1999
Ground area
3,393 m²
Building footprint
230 m²
Volume, LiDAR
1,811 m³
Parcel 24732B0366/00D000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Bosstraat 2, 3401 Landen
since 19992.092.518.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24732B0366/00D000 | Flanders | 3,393 m² | 1 · 230 m² | 12.6 m · 3 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.
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Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. 1,307 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 (pre-2019)
Founded09-09-1999
Fiscal year end30-09
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466817547
Also
9925:BE0466817547
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.