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.
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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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 35.4%
2024 · €81k
Total assets
€659k▲ 2.5%
2024 · €643k
Net result
€40k▼ 65.2%
2024 · €115k
Working capital
€35k▲ 20.4%
2024 · €29k
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€35k▲ 183%€-30€71k€173k▲ 143%€73k▼ 57.7%
Net result€25k▲ 198%€-5k€51k€115k▲ 125%€40k▼ 65.2%
Equity€39k▲ 187%€33k▼ 14.1%€54k▲ 63.9%€81k▲ 48.4%€52k▼ 35.4%
Total assets€95k▲ 125%€500k▲ 428%€651k▲ 30.0%€643k▼ 1.2%€659k▲ 2.5%
Debt€56k▲ 96.3%€467k▲ 732%€596k▲ 27.6%€562k▼ 5.7%€607k▲ 7.9%
Working capital€35k▲ 209%€50k▲ 43.8%€64k▲ 27.6%€29k▼ 54.0%€35k▲ 20.4%
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.
Annual accounts
| 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 82,632 companies in sector 70200 we hold annual accounts for 52,587. 38,299 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.