SYSADM
ActiveSummary
SYSADM has been active since 1999 and the Belgian Official 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 about 2.7% per year across the filed financial years. Its solvency ranks better than 43% of 12,672 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (7 days) Filed on 7 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00105322.
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
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8.5 times 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.01m
2025
Net result-€0.008m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.8m
2025
Equity€0.3m
2025
Debt€0.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.08m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-1.0%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency30.3%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.52
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.09m-€0.06m▼ 36.3%€0.005m▼ 90.3%€0.1m▲ 21×-€0.001m€0.001m€0.01m▲ 752%
Net result€0.04m-€0.03mabove the sector's middle half▼ 31.7%-€0.02mbelow the sector's middle half€0.04mabove the sector's middle half€0.006mwithin the sector's middle half▼ 84.2%€0.001mbelow the sector's middle half▼ 84.0%-€0.008mbelow the sector's middle half
Equity€0.2m-€0.2mabove the sector's middle half▲ 13.3%€0.2mabove the sector's middle half▼ 9.5%€0.3mabove the sector's middle half▲ 17.3%€0.3mwithin the sector's middle half▲ 2.3%€0.3mwithin the sector's middle half▲ 0.4%€0.3mwithin the sector's middle half▼ 3.2%
Total assets€1.6m-€1.6mabove the sector's middle half▼ 1.0%€1.6mabove the sector's middle half▼ 2.9%€0.8mabove the sector's middle half▼ 47.0%€0.8mwithin the sector's middle half▲ 0.7%€0.8mwithin the sector's middle half=€0.8mwithin the sector's middle half▼ 0.3%
Debt€1.4m-€1.4m▼ 3.2%€1.3m▼ 1.8%€0.6m▼ 57.3%€0.6m▼ 0.1%€0.6m▼ 0.1%€0.6m▲ 1.0%
Working capital-€0.1m--€0.1mbelow the sector's middle half▼ 22.1%-€0.2mbelow the sector's middle half▼ 52.0%€0.08mwithin the sector's middle half€0.09mwithin the sector's middle half▲ 7.3%€0.09mwithin the sector's middle half▲ 1.1%€0.08mwithin the sector's middle half▼ 9.4%
Solvency13.0%-14.8%within the sector's middle half▲ 1.9pp13.8%within the sector's middle half▼ 1.0pp30.6%within the sector's middle half▲ 16.8pp31.1%within the sector's middle half▲ 0.5pp31.2%within the sector's middle half▲ 0.1pp30.3%within the sector's middle half▼ 0.9pp
Current ratio0.54-0.54below the sector's middle half=0.44below the sector's middle half▼ 0.111.55within the sector's middle half▲ 1.111.59within the sector's middle half▲ 0.041.60within the sector's middle half▲ 0.011.52within the sector's middle half▼ 0.08
Return on assets (ROA)2.5%-1.7%within the sector's middle half▼ 0.8pp-1.4%below the sector's middle half▼ 3.2pp4.5%within the sector's middle half▲ 6.0pp0.7%within the sector's middle half▼ 3.8pp0.1%below the sector's middle half▼ 0.6pp-1.0%below the sector's middle half▼ 1.1pp
Staff (FTE)2-
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
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
Debt to equity
2.30▲
2024 · 2.20
ROE
-3.3%▼
2024 · 0.4%
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 | 2019 | 2020 | 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 | €45,754 | €45,351 | €45,251 | - | - | - | - | - |
| Other operating charges640/8 | - | - | €35 | €5,773 | - | €3,872 | €62 | ▼ 98.4% |
| Gross operating margin9900 | €220,503 | €196,419 | €127,067 | €149,650 | €1,877 | €4,992 | €9,607 | ▲ 92.5% |
| Operating profit (loss)9901 | €86,644 | €55,220 | €5,336 | €110,189 | -€1,003 | €1,120 | €9,545 | ▲ 752% |
| Financial income75/76B | - | - | €0 | - | €7,044 | - | - | - |
| Recurring financial income75 | €9 | - | €0 | - | €7,044 | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €7,044 | - | - | - |
| Financial charges65/66B | - | - | €27,944 | €66,934 | €139 | €177 | €8,603 | ▲ 49× |
| Recurring financial charges65 | €33,770 | €17,141 | €17,025 | €55,621 | €139 | €177 | €8,603 | ▲ 49× |
| Non-recurring financial charges66B | - | - | €10,919 | €11,314 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €52,883 | €38,079 | -€22,608 | €43,255 | €5,903 | €943 | €942 | ▼ 0.1% |
| Income taxes67/77 | €11,744 | €10,000 | - | €5,799 | - | - | €9,248 | - |
| Profit (loss) for the period9904 | €41,139 | €28,079 | -€22,608 | €37,456 | €5,903 | €943 | -€8,306 | - |
| Profit (loss) for the period to be appropriated9905 | €41,139 | €28,079 | -€22,608 | €37,456 | €5,903 | €943 | -€8,306 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.6m | €1.6m | €1.6m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 0.3% |
| Fixed assets21/28 | €1.5m | €1.4m | €1.4m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Tangible fixed assets22/27 | €0.9m | €0.8m | €0.8m | - | - | - | - | - |
| Land and buildings22 | - | - | €0.8m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | €0.01m | - | - | - | - | - |
| Financial fixed assets28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Amounts receivable after more than one year29 | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 0.2% |
| Other amounts receivable291 | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▼ 0.2% |
| Amounts receivable within one year40/41 | €0.09m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.3% |
| Trade receivables40 | - | - | €0.09m | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 21.8% |
| Other amounts receivable41 | - | - | €0.02m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 4.6% |
| Cash at bank and in hand54/58 | €0.004m | €0.001m | €0.001m | €0.001m | €462 | €59 | €51 | ▼ 13.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.6m | €0.8m | €0.8m | €0.8m | €0.8m | ▼ 0.3% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 3.2% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | €0.02m | €0.02m | - | €0.02m | €0.02m | = |
| Issued capital100 | - | - | €0.02m | €0.02m | - | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | - | - | - | - |
| Legal reserve130 | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.5% |
| Amounts payable17/49 | €1.4m | €1.4m | €1.3m | €0.6m | €0.6m | €0.6m | €0.6m | ▲ 1.0% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €1.0m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Financial debts170/4 | - | - | €0.6m | - | €0.4m | €0.4m | €0.4m | = |
| Other amounts payable178/9 | - | - | €0.4m | €0.4m | - | - | - | - |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.4m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | - | - | €0.1m | - | - | - | - | - |
| Financial debts43 | - | - | €0.001m | - | - | - | - | - |
| Credit institutions430/8 | - | - | €0.001m | - | - | - | - | - |
| Trade debts44 | €0.05m | €0.04m | €0.02m | - | - | - | - | - |
| Suppliers440/4 | - | - | €0.02m | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €0.06m | - | - | - | €0.002m | - |
| Taxes450/3 | - | - | €0.05m | - | - | - | €0.002m | - |
| Remuneration and social security454/9 | - | - | €0.006m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 2.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,139 | €28,079 | -€22,608 | €37,456 | €5,903 | €943 | -€8,306 | - |
| + Depreciation and write-downs630 | €45,754 | €45,351 | €45,251 | - | - | - | - | - |
| Operating cash flow (approximation) | €86,893 | €73,430 | €22,644 | €37,456 | €5,903 | €943 | -€8,306 | - |
| Investment in fixed assets (approximation) | - | -€0 | €0 | €804,539 | €0 | €0 | €0 | - |
| Change in cash | - | -€3,212 | €0 | €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.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | abbreviated format | 07-05-2026 | 2026-00105322 |
| 30-09-2024 | abbreviated format | 30-04-2025 | 2025-00085212 |
| 30-09-2023 | abbreviated format | 27-05-2024 | 2024-00101576 |
| 30-09-2022 | micro format | 27-01-2024 | 2024-00007756 |
| 30-09-2021 | micro format | 09-04-2022 | 2022-20002428 |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13400423 |
| 30-09-2019 | micro format | 07-07-2020 | 2020-27100363 |
| 30-09-2018 | abbreviated format | 28-03-2019 | 2019-08500503 |
| 30-09-2017 | abbreviated format | 03-04-2018 | 2018-08800511 |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-56000408 |
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Of the 3,171 active companies whose main activity is retail sale of information and communication equipment (NACE 47400), figures are known for 1,797. 1,293 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.