Equity
€129,119 ▲ 71.5%
Equity rose in 2025 from €75,302 to €129,119.
SYSCON
Lifetime
17 annual accounts with figures on one time axispeak €51,739 (2024)
€46,202▼ 10.7%
lowest -€31,120 (2015)
€71,417▲ 138%
peak €129,119 (2025)
€129,119▲ 71.5%
€84,057▲ 4.0%
peak 1.8 FTE (2010)
-not published
Board1 name since 2021
1 directorHAYEN Michel
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Result from €30,050 to €71,417Equity from €75,302 to €129,119Investments €89,505
Key points
from the 2025 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Investments
€89,505 12.4 × depreciation
Green is investment, beige is depreciation.
Liquidity
2.16 was 1.34 in 2024
Short-term debts fell from €80,795 to €38,339.
Filings
17 annual accounts since 2009
Five of the last ten came late. The 2019 accounts came latest: 69 days after the end of the period.
Position in the sector
€71,417
Higher net result than 90% of companies in telecommunications. Sector median €6,785 · 333 companies.
Checked score
96
Excellent
Financially stronger than 82% of micro companies in telecommunications (NACE 61)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 527 companies (NACE 61, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Telecommunications (NACE 61)
lowers risk
Liquidity: current ratio 2.16, cash €62,348
Founded in 2008
Equity €129,119 (60.6% of total assets)
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 61, micro). It does better than 69% of them on solvency, 81% on liquidity, 91% on profitability and 86% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 34,693 companies had the same profile as SYSCON has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of SYSCON itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 34,693 companies, not a prediction for SYSCON. 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 €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.16 (1.34 in 2024), above the usual 1.5. Short-term debt is 18% and cash 29.2% of total assets. 39.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €129,119
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
2 days early
2023
1 day early
2022
4 days early
2021
2 days early
2020
30 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0899530884
Registered office moved to Jeuk
New registered office: Houtstraat 76, 3890 Jeuk · Board meeting of 15-07-2022 · Gazette deed
Merger: SYSCON takes over WEBCORE
Resignations: KEN JE KLANTEN (director, formerly manager) and HAYEN Michel (director, formerly manager) · Permanent representative: HANSEN Jasper · The company holds all the shares of WEBCORE · General meeting of 20-10-2021 · Gazette deed
Merger: SYSCON takes over MH SYSTEMS
Change of role: HAYEN Michel, from manager to director · “Alle activiteiten in meest uitgebreide zin van een managementvennootschap; Het beheren van beleggingen en…” (deed in Dutch) · The company holds all the shares of MH SYSTEMS · General meeting of 20-10-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SYSCON Gingelom | €213,176 | €46,202 | 60.6% | - |
| SATFINDER INTERNATIONAL Evergem | €313,584 | €56,428 | 53.5% | - |
| T'com-Life Eghezée | €139,687 | €60,366 | 39.6% | - |
| FREE BELGIAN NETWORK Dendermonde | €141,946 | €75,277 | 5.5% | - |
| RENOVA HOUSE M.D. Arlon | €156,179 | €44,542 | 85.0% | - |
| SYNSIP Mont-Saint-Guibert | €180,644 | €69,468 | 10.5% | - |
| ITMINDS Aalst | €281,105 | €96,753 | 71.7% | - |
These companies have the same main activity as SYSCON: telecommunications resale and intermediation services (NACE 61200). They are comparable in size and age: total assets between €140,000 and €314,000, founded between 2003 and 2010.
Official details
Source: KBO- Status
- Active since 14-07-2008Normal situation
- Activity
- Telecommunications resale and intermediation servicesNACE 61200and 5 others
- Establishment unit
- 2.173.746.0463800 Sint-Truiden, since 14-07-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 20-03-2025
Annual accounts 2025
- €213,176▲ 36.6%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on SYSCON
SYSCON files the micro format. That format states no turnover. The gross margin rose from €41,855 in 2009 to €46,202 in 2025.
The balance sheet grew most from 2023 to 2025 through fixed assets.
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 SYSCON
- What is the company number of SYSCON?
- The company number of SYSCON is 0899.530.884. The VAT number is the same number with BE in front: BE 0899.530.884.
- Where is SYSCON based?
- The registered office is at Houtstraat 76, 3890 Gingelom.Company details
- What does SYSCON do?
- According to the KBO register, the main activity is telecommunications resale and intermediation services (NACE 61200).
- What is the legal form of SYSCON?
- SYSCON is a private limited company (BV).
- When was SYSCON founded?
- SYSCON was founded on 14-07-2008.
- Is SYSCON still active?
- Yes, SYSCON is an active enterprise in the KBO register.
- What is the turnover of SYSCON?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €46,202 and 2,934 comparable companies of the same size. It probably lies between €110,000 and €330,000. It is a rough estimate. In financial year 2019 turnover was €73,898.Financials
- Is SYSCON profitable?
- In financial year 2025, SYSCON made a profit of €71,417.
- Where can I find the annual accounts of SYSCON?
- SYSCON filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SYSCON due?
- SYSCON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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