SysOp Management
ActiveSummary
SysOp Management has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €40k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-15
Solvency33▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.21 in 2024; short-term debt: 19.7% and cash: 1.2% of total assets), and 92.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
7.9%
Return on assets
6.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 15%
← weakest
strongest →
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 · 6 filingsDeviation from the deadline
2025
3 d early
2024
22 d late
2023
22 d late
2022
32 d late
2021
28 d late
2020
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 35.4%
2024 · €81k
2020: €13klowest in 6 years
2021: €39k▲ +187% vs 2020
2022: €33k▼ -14.1% vs 2021
2023: €54k▲ +63.9% vs 2022
2024: €81k▲ +48.4% vs 2023highest in 6 years
2025: €52k▼ -35.4% vs 2024
2020 → 2025
Total assets
€659k▲ 2.5%
2024 · €643k
2020: €42klowest in 6 years
2021: €95k▲ +125% vs 2020
2022: €500k▲ +428% vs 2021
2023: €651k▲ +30.0% vs 2022
2024: €643k▼ -1.2% vs 2023
2025: €659k▲ +2.5% vs 2024highest in 6 years
2020 → 2025
Net result
€40k▼ 65.2%
2024 · €115k
2020: €8k
2021: €25k▲ +198% vs 2020
2022: €-5k▼ -122% vs 2021lowest in 6 years
2023: €51k▲ +1037% vs 2022
2024: €115k▲ +125% vs 2023highest in 6 years
2025: €40k▼ -65.2% vs 2024
2020 → 2025
Working capital
€35k▲ 20.4%
2024 · €29k
2020: €11klowest in 6 years
2021: €35k▲ +209% vs 2020
2022: €50k▲ +43.8% vs 2021
2023: €64k▲ +27.6% vs 2022highest in 6 years
2024: €29k▼ -54.0% vs 2023
2025: €35k▲ +20.4% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€33k▼ 14.1%€54k▲ 63.9%€81k▲ 48.4%€52k▼ 35.4%
2021: €39k
2022: €33k▼ -14.1% vs 2021lowest in 5 years
2023: €54k▲ +63.9% vs 2022
2024: €81k▲ +48.4% vs 2023highest in 5 years
2025: €52k▼ -35.4% vs 2024
Operating result€35k-€-30€71k€173k▲ 143%€73k▼ 57.7%
2021: €35k
2022: €-30▼ -100% vs 2021lowest in 5 years
2023: €71k▲ +234203% vs 2022
2024: €173k▲ +143% vs 2023highest in 5 years
2025: €73k▼ -57.7% vs 2024
Net result€25k-€-5k€51k€115k▲ 125%€40k▼ 65.2%
2021: €25k
2022: €-5k▼ -122% vs 2021lowest in 5 years
2023: €51k▲ +1037% vs 2022
2024: €115k▲ +125% vs 2023highest in 5 years
2025: €40k▼ -65.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €659k
Fixed assets
€494k ▲ 4.0%
Current assets
€165k ▼ 1.9%
Equity and liabilities €659k
Equity
€52k ▼ 35.4%
Debt
€607k ▲ 7.9%
Debt's share of the balance-sheet total rises from 87.4% to 92.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€109k▼
2024 · €197k
Cash flow
€76k▼
2024 · €139k
Current ratio
1.27▲
2024 · 1.21
Debt to equity
11.62▲
2024 · 6.96
ROE
76.8%▼
2024 · 142.6%
ROA
6.1%▼
2024 · 17.9%
Interest coverage
7.73▼
2024 · 13.64
Debt ≤ 1 year
€130k▼
2024 · €139k
Debt > 1 year
€429k▲
2024 · €423k
Income taxes
€19k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€643k€659k▲
Fixed assets21/28€475k€494k▲
Tangible fixed assets22/27€475k€494k▲
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€11k€42k▲
Other tangible fixed assets26€451k€441k▼
Current assets29/58€168k€165k▼
Amounts receivable after more than one year29€58k-
Other amounts receivable291€58k-
Amounts receivable within one year40/41€23k€54k▲
Trade receivables40€17k€53k▲
Other amounts receivable41€6k€404▼
Current investments50/53€50k€100k▲
Cash at bank and in hand54/58€33k€8k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€643k€659k▲
Equity10/15€81k€52k▼
Contributions10/11€5k€5k=
Reserves13€76k€42k▼
Tax-exempt reserves132€42k€42k=
Distributable reserves133€34k-
Profit (loss) carried forward14-€5k
Amounts payable17/49€562k€607k▲
Amounts payable after more than one year17€423k€429k▲
Financial debts170/4€423k€429k▲
Amounts payable within one year42/48€139k€130k▼
Current portion of amounts payable after more than one year42€19k€29k▲
Trade debts44€8k€12k▲
Suppliers440/4€8k€12k▲
Advances received on contracts in progress46-€150
Taxes, remuneration and social security45€27k€16k▼
Taxes450/3€27k€16k▼
Other amounts payable47/48€86k€73k▼
Accrued charges and deferred income492/3-€48k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€44k-
Other operating charges640/8€4k€5k▲
Gross operating margin9900€245k€114k▼
Operating profit (loss)9901€173k€73k▼
Financial income75/76B€16€384▲
Recurring financial income75€16€384▲
Financial charges65/66B€14k€14k▼
Recurring financial charges65€14k€14k▼
Profit (loss) for the period before taxes9903€159k€59k▼
Income taxes67/77€43k€19k▼
Profit (loss) for the period9904€115k€40k▼
Transfer to tax-exempt reserves689€42k-
Profit (loss) for the period to be appropriated9905€73k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€40k▼
Profit (loss) brought forward from the previous period14P€16k-
Transfer from equity791/2-€34k
Profit to be distributed694/7€89k€69k▼
Return on contributions (dividend)694€89k€69k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €6k | €19k | €24k | €36k | ▲ 51.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9k | - | €44k | - | - |
| Other operating charges640/8 | €438 | €49k | €3k | €4k | €5k | ▲ 6.8% |
| Gross operating margin9900 | €37k | €64k | €94k | €245k | €114k | ▼ 53.5% |
| Operating profit (loss)9901 | €35k | €-30 | €71k | €173k | €73k | ▼ 57.7% |
| Financial income75/76B | €108 | €3 | €1k | €16 | €384 | ▲ 2,303% |
| Recurring financial income75 | €108 | €3 | €13 | €16 | €384 | ▲ 2,303% |
| Non-recurring financial income76B | - | - | €1k | - | - | - |
| Financial charges65/66B | €124 | €5k | €14k | €14k | €14k | ▼ 2.0% |
| Recurring financial charges65 | €124 | €5k | €14k | €14k | €14k | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €35k | €-5k | €58k | €159k | €59k | ▼ 62.5% |
| Income taxes67/77 | €10k | €112 | €7k | €43k | €19k | ▼ 55.4% |
| Profit (loss) for the period9904 | €25k | €-5k | €51k | €115k | €40k | ▼ 65.2% |
| Transfer to tax-exempt reserves689 | - | - | - | €42k | - | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €-5k | €51k | €73k | €40k | ▼ 45.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €95k | €500k | €651k | €643k | €659k | ▲ 2.5% |
| Fixed assets21/28 | €4k | €394k | €478k | €475k | €494k | ▲ 4.0% |
| Tangible fixed assets22/27 | €4k | €394k | €478k | €475k | €494k | ▲ 4.0% |
| Land and buildings22 | - | - | €6k | €8k | €7k | ▼ 11.2% |
| Plant, machinery and equipment23 | - | - | €5k | €4k | €3k | ▼ 19.3% |
| Furniture and vehicles24 | €4k | €2k | €3k | €11k | €42k | ▲ 279% |
| Other tangible fixed assets26 | - | €392k | €464k | €451k | €441k | ▼ 2.3% |
| Current assets29/58 | €91k | €106k | €172k | €168k | €165k | ▼ 1.9% |
| Amounts receivable after more than one year29 | - | €45k | €58k | €58k | - | - |
| Other amounts receivable291 | - | €45k | €58k | €58k | - | - |
| Amounts receivable within one year40/41 | €37k | €18k | €48k | €23k | €54k | ▲ 131% |
| Trade receivables40 | €37k | €17k | €45k | €17k | €53k | ▲ 218% |
| Other amounts receivable41 | €443 | €1k | €3k | €6k | €404 | ▼ 93.8% |
| Current investments50/53 | - | - | - | €50k | €100k | ▲ 101% |
| Cash at bank and in hand54/58 | €53k | €42k | €63k | €33k | €8k | ▼ 76.8% |
| Deferred charges and accrued income490/1 | €607 | €1k | €3k | €4k | €3k | ▼ 18.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €95k | €500k | €651k | €643k | €659k | ▲ 2.5% |
| Equity10/15 | €39k | €33k | €54k | €81k | €52k | ▼ 35.4% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €34k | €34k | €34k | €76k | €42k | ▼ 44.4% |
| Tax-exempt reserves132 | - | - | - | €42k | €42k | = |
| Distributable reserves133 | €34k | €34k | €34k | €34k | - | - |
| Profit (loss) carried forward14 | - | €-5k | €16k | - | €5k | - |
| Amounts payable17/49 | €56k | €467k | €596k | €562k | €607k | ▲ 7.9% |
| Amounts payable after more than one year17 | - | €411k | €442k | €423k | €429k | ▲ 1.3% |
| Financial debts170/4 | - | €411k | €442k | €423k | €429k | ▲ 1.3% |
| Amounts payable within one year42/48 | €56k | €56k | €109k | €139k | €130k | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | €24k | €18k | €19k | €29k | ▲ 56.7% |
| Trade debts44 | €5k | €11k | €20k | €8k | €12k | ▲ 52.5% |
| Suppliers440/4 | €5k | €11k | €20k | €8k | €12k | ▲ 52.5% |
| Advances received on contracts in progress46 | - | - | €33k | - | €150 | - |
| Taxes, remuneration and social security45 | €18k | €16k | €8k | €27k | €16k | ▼ 40.6% |
| Taxes450/3 | €18k | €16k | €8k | €27k | €16k | ▼ 40.6% |
| Other amounts payable47/48 | €32k | €5k | €30k | €86k | €73k | ▼ 15.0% |
| Accrued charges and deferred income492/3 | - | - | €46k | - | €48k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €-5k | €51k | €115k | €40k | ▼ 65.2% |
| + Depreciation and write-downs630 | €1k | €6k | €19k | €24k | €36k | ▲ 51.4% |
| Operating cash flow (approximation) | €26k | €1k | €71k | €139k | €76k | ▼ 45.2% |
| Investment in fixed assets (approximation) | - | €-397k | €-103k | €-20k | €-55k | ▼ 172% |
| Change in cash | - | €-11k | €21k | €-30k | €-26k | ▲ 14.8% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Highest result since 2020net €115k ▲125%
Operating result €173k, net result €115k, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Namur · 2 establishment units since 2020
Ground area
2,312 m²
Building footprint
244 m²
Volume, LiDAR
1,534 m³
2 parcels, Wallonia · tallest building 9.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SysOp Management
since 20202.302.629.352
Avenue de la Pairelle 32, 5000 Namur
since 20252.372.377.401
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92039B0035/00D000 | Wallonia | 1,391 m² | 1 · 200 m² | 8.0 m · 2 fl. |
| 92302E0292/00P000 | Wallonia | 921 m² | 1 · 44 m² | 9.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,305 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
Founded05-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.