Equity
SysAndCode paid out €26,519 in dividends. That is 100% of the 2025 profit.
In July 2024, 26,973 companies had the same profile as SysAndCode has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,973 companies, not a prediction for SysAndCode. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SysAndCode Overijse | €77,001 | €43,063 | 38.3% | - |
| RINBO BELGIUM Antwerp | €79,746 | €49,084 | 65.7% | - |
| VITAL Herent | €132,239 | €40,943 | -55.1% | 1 |
| NOBARO Evergem | €98,223 | €58,725 | 1.5% | - |
| CHEZ MARTHA Ixelles | €73,172 | €33,850 | 84.3% | - |
| BE! vzw Merelbeke-Melle | €102,096 | €52,120 | 98.7% | - |
| Mandaille Productions Schaerbeek | €73,791 | €35,188 | -8.0% | - |
These companies have the same main activity as SysAndCode: promotion and organisation of arts and performing arts events (NACE 90391). They are comparable in size and age: total assets between €73,200 and €132,000, founded between 2018 and 2020.
SysAndCode files the micro format. That format states no turnover. The gross margin fell from €64,386 in 2019 to €43,063 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €71,000 and €200,000.
Higher than 42% of 2,608 companies in 2025.
Higher than 42% of 2,468 companies in 2025.
Higher than 87% of 2,513 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
77,001 | 89,866 | 85,278 | 45,299 | 60,933 | 53,462 | 42,726 | |
21/28 |
7,745 | 14,411 | 19,693 | 16,484 | 7,355 | 4,008 | 1,320 | |
22/27 |
7,745 | 14,411 | 19,693 | 16,484 | 7,355 | 4,008 | 1,320 | |
23 |
5,223 | 5,535 | 3,765 | 5,274 | 3,793 | 1,997 | 612 | |
24 |
2,522 | 8,875 | 15,928 | 11,210 | 3,562 | 2,011 | 708 | |
29/58 |
69,256 | 75,455 | 65,585 | 28,815 | 53,578 | 49,454 | 41,406 | |
40/41 |
63,533 | 24,589 | 34,161 | 4,656 | 23,460 | 27,143 | 24,334 | |
40 |
19,433 | - | - | - | 19,738 | 26,639 | 24,332 | |
41 |
44,101 | 24,589 | 34,161 | 4,656 | 3,722 | 504 | 2 | |
54/58 |
1,236 | 48,209 | 30,006 | 12,313 | 29,982 | 20,717 | 6,863 | |
490/1 |
4,487 | 2,657 | 1,418 | 11,846 | 136 | 1,593 | 10,208 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
77,001 | 89,866 | 85,278 | 45,299 | 60,933 | 53,462 | 42,726 | |
10/15 |
29,457 | 29,457 | 29,457 | 29,457 | 29,457 | 24,041 | 16,644 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 6,200 | |
11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | |
1109/19 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | |
13 |
23,257 | 23,257 | 23,257 | 23,257 | 23,257 | 17,841 | 10,444 | |
130/1 |
620 | 620 | 620 | 620 | 620 | 620 | - | |
130 |
- | - | - | - | - | - | 620 | |
1311 |
620 | 620 | 620 | 620 | 620 | 620 | - | |
133 |
22,637 | 22,637 | 22,637 | 22,637 | 22,637 | 17,221 | 9,824 | |
14 |
- | - | - | - | - | - | 0 | |
17/49 |
47,544 | 60,409 | 55,821 | 15,842 | 31,477 | 29,420 | 26,082 | |
42/48 |
47,544 | 60,409 | 55,821 | 15,817 | 31,477 | 29,420 | 26,082 | |
44 |
1,205 | 152 | 78 | 1,992 | 748 | 931 | 129 | |
440/4 |
1,205 | 152 | 78 | 1,992 | 748 | 931 | 129 | |
45 |
19,821 | 12,818 | 19,906 | 6,823 | 11,217 | 11,092 | 11,444 | |
450/3 |
19,821 | 12,818 | 19,906 | 6,823 | 11,217 | 11,092 | 11,444 | |
47/48 |
26,519 | 47,438 | 35,837 | 7,002 | 19,512 | 17,397 | 14,509 | |
492/3 |
- | - | - | 25 | - | - | - | |
| Income statement | ||||||||
9900 |
43,063 | 72,736 | 61,431 | 15,420 | 11,873 | 13,265 | 64,386 | |
630 |
9,383 | 10,182 | 9,540 | 6,131 | 2,427 | 911 | 45,228 | |
640/8 |
617 | 1,623 | 876 | 136 | 360 | 645 | - | |
66A |
- | - | 4,471 | - | - | - | - | |
9901 |
33,062 | 60,932 | 46,544 | 9,153 | 9,085 | 11,708 | 19,158 | |
75/76B |
1,913 | 304 | 575 | 870 | - | - | - | |
75 |
1,913 | 304 | 575 | 870 | - | - | - | |
65/66B |
100 | 328 | 144 | 646 | 530 | 1,306 | 176 | |
65 |
100 | 328 | 77 | 646 | 530 | 1,306 | 176 | |
66B |
- | - | 67 | - | - | - | - | |
9903 |
34,875 | 60,908 | 46,975 | 9,377 | 8,555 | 10,403 | 18,982 | |
67/77 |
8,356 | 13,469 | 11,138 | 2,375 | 3,140 | 3,005 | 5,314 | |
9904 |
26,519 | 47,438 | 35,837 | 7,002 | 5,415 | 7,397 | 13,668 | |
9905 |
26,519 | 47,438 | 35,837 | 7,002 | 5,415 | 7,397 | 13,668 | |
| Appropriation of the result | ||||||||
9906 |
26,519 | 47,438 | 35,837 | 7,002 | 5,415 | 7,397 | 13,668 | |
691/2 |
- | - | - | - | 5,415 | 7,397 | 10,444 | |
6920 |
- | - | - | - | - | 7,397 | 620 | |
6921 |
- | - | - | - | 5,415 | - | 9,824 | |
694/7 |
26,519 | 47,438 | 35,837 | 7,002 | - | - | 3,224 | |
694 |
26,519 | 47,438 | 35,837 | 7,002 | - | - | 3,224 | |
| Document | ||||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 18-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-03-2026 | 2026-00056483 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00273966 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00395003 | |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00340575 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20320867 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-60300473 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-51100028 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 42,446 | 71,114 | 56,084 | 15,284 | 11,513 | 12,620 | 64,386 | ||
| 35,902 | 57,620 | 45,377 | 13,132 | 7,843 | 8,309 | 58,896 | ||
| 2,717 | 4,899 | 17,272 | 15,259 | 5,774 | 3,600 | 1,561 | ||
| -46,973 | 18,203 | 17,692 | -17,669 | 9,265 | 13,854 | - | ||
| 21,712 | 15,046 | 9,763 | 12,998 | 22,102 | 20,033 | 15,324 | ||
| 38.3% | 32.8% | 34.5% | 65.0% | 48.3% | 45.0% | 39.0% | ||
| 1.46 | 1.25 | 1.17 | 1.82 | 1.70 | 1.68 | 1.59 | ||
| 1.61 | 2.05 | 1.90 | 0.54 | 1.07 | 1.22 | 1.57 | ||
| 90.0% | 161.0% | 121.7% | 23.8% | 18.4% | 30.8% | 82.1% | ||
| 34.4% | 52.8% | 42.0% | 15.5% | 8.9% | 13.8% | 32.0% | ||
| over 100 | over 100 | over 100 | 23.65 | 21.71 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,717 | €4,899 | €17,272 | €15,259 | €5,774 |
| €9,383 | €10,182 | €9,540 | €6,131 | €2,427 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 46% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 67.2% to 61.7%. Debt is lower.
SysAndCode has no parent and no holdings in its annual accounts. is the only director. SysAndCode shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Gebr. Danhieuxstraat 18 registered office 3090 Overijse | 23-05-2019 | 2.290.028.458 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23544D0227/00A002 | 216 m² | 1 · 117 m² | 8.1 m · 2 |
If something looks wrong or is missing, please tell us.