SYSSITOP
ActiveSummary
SYSSITOP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,049 and a net result of €24,988. Equity is shrinking by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 18973 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+53
Solvency44▲+12
Growth67▲+14
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.05 in 2024; short-term debt: 80.9% and cash: 5.5% of total assets), and 80.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
19.1%
Return on assets
13.2%
Age of the figures
9 mo
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 €36,049
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
47 d late
2024
28 d late
2023
31 d late
2022
25 d late
2021
22 d late
2020
31 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
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. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€615,057▲ 8.2%
2024 · €568,598
EBIT margin
6.4%▲ 6.6pp
2024 · -0.2%
Net result
€24,988
2024 · -€1,230
Working capital
€31,437▲ 366%
2024 · €6,741
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€583,771▲ 28.5%€553,539▼ 5.2%€524,330▼ 5.3%€568,598▲ 8.4%€615,057▲ 8.2%
Operating result-€751-€15,962▼ 2,027%-€3,623▲ 77.3%-€1,065▲ 70.6%€39,263
Net result-€5,319below the sector's middle half-€20,790below the sector's middle half▼ 291%-€8,191below the sector's middle half▲ 60.6%-€1,230within the sector's middle half▲ 85.0%€24,988above the sector's middle half
EBIT margin-0.1%▼ 4.1pp-2.9%▼ 2.8pp-0.7%▲ 2.2pp-0.2%▲ 0.5pp6.4%▲ 6.6pp
Equity€41,271within the sector's middle half▼ 11.4%€20,481within the sector's middle half▼ 50.4%€12,290within the sector's middle half▼ 40.0%€11,060within the sector's middle half▼ 10.0%€36,049within the sector's middle half▲ 226%
Total assets€145,650within the sector's middle half▲ 17.2%€161,434within the sector's middle half▲ 10.8%€153,391within the sector's middle half▼ 5.0%€152,552within the sector's middle half▼ 0.5%€188,824within the sector's middle half▲ 23.8%
Debt€104,379▲ 34.4%€140,953▲ 35.0%€141,101▲ 0.1%€141,492▲ 0.3%€152,775▲ 8.0%
Working capital€32,641within the sector's middle half▼ 19.5%€22,873within the sector's middle half▼ 29.9%€16,174within the sector's middle half▼ 29.3%€6,741within the sector's middle half▼ 58.3%€31,437within the sector's middle half▲ 366%
Solvency28.3%within the sector's middle half▼ 9.2pp12.7%within the sector's middle half▼ 15.6pp8.0%within the sector's middle half▼ 4.7pp7.3%within the sector's middle half▼ 0.8pp19.1%within the sector's middle half▲ 11.8pp
Current ratio1.32within the sector's middle half▼ 0.291.17within the sector's middle half▼ 0.151.12within the sector's middle half▼ 0.051.05within the sector's middle half▼ 0.081.21within the sector's middle half▲ 0.16
Return on assets (ROA)-3.7%below the sector's middle half▼ 13.4pp-12.9%below the sector's middle half▼ 9.2pp-5.3%below the sector's middle half▲ 7.5pp-0.8%within the sector's middle half▲ 4.5pp13.2%above the sector's middle half▲ 14.0pp
Staff (FTE)2▲ 66.7%2=1▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €39,263 after a loss of €1,065 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,824
Fixed assets
€4,612 ▲ 6.8%
Current assets
€184,212 ▲ 24.3%
Equity and liabilities €188,824
Equity
€36,049 ▲ 226%
Debt
€152,775 ▲ 8.0%
Debt's share of the balance-sheet total falls from 92.7% to 80.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,149▲
2024 · €424
Cash flow
€26,874▲
2024 · €259
Quick ratio
0.53▲
2024 · 0.47
Debt to equity
4.24▼
2024 · 12.79
ROE
69.3%▲
2024 · -11.1%
Interest coverage
7.85▲
2024 · 0.07
Debt ≤ 1 year
€152,775▲
2024 · €141,492
Income taxes
€9,058▲
2024 · -€6,284
Staff costs
€34,847▲
2024 · €33,741
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €583,771 | €553,539 | €524,330 | €568,598 | €615,057 | ▲ 8.2% |
| Goods, raw materials, services and sundry goods60/61 | €564,625 | €542,921 | €515,591 | €543,958 | €557,237 | ▲ 2.4% |
| Remuneration, social security and pensions62 | €35,069 | €37,098 | €34,293 | €33,741 | €34,847 | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,588 | €5,751 | €1,492 | €1,489 | €1,886 | ▲ 26.7% |
| Other operating charges640/8 | €415 | €1,233 | €790 | €631 | €548 | ▼ 13.1% |
| Non-recurring operating charges66A | €6,860 | €7,660 | €6,460 | €18,730 | €2,660 | ▼ 85.8% |
| Gross operating margin9900 | €51,182 | €35,780 | €39,413 | €53,526 | €79,204 | ▲ 48.0% |
| Operating profit (loss)9901 | -€751 | -€15,962 | -€3,623 | -€1,065 | €39,263 | ▲ 3,787% |
| Financial income75/76B | €1,586 | €365 | €78 | €0 | €25 | - |
| Recurring financial income75 | €1,586 | €365 | €78 | €0 | €25 | - |
| Financial charges65/66B | €4,628 | €4,969 | €4,310 | €6,449 | €5,242 | ▼ 18.7% |
| Recurring financial charges65 | €4,628 | €4,969 | €4,310 | €6,449 | €5,242 | ▼ 18.7% |
| Profit (loss) for the period before taxes9903 | -€3,793 | -€20,566 | -€7,855 | -€7,514 | €34,046 | ▲ 553% |
| Income taxes67/77 | €1,526 | €224 | €336 | -€6,284 | €9,058 | ▲ 244% |
| Profit (loss) for the period9904 | -€5,319 | -€20,790 | -€8,191 | -€1,230 | €24,988 | ▲ 2,132% |
| Profit (loss) for the period to be appropriated9905 | -€5,319 | -€20,790 | -€8,191 | -€1,230 | €24,988 | ▲ 2,132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,650 | €161,434 | €153,391 | €152,552 | €188,824 | ▲ 23.8% |
| Fixed assets21/28 | €11,984 | €7,300 | €5,808 | €4,319 | €4,612 | ▲ 6.8% |
| Tangible fixed assets22/27 | €10,844 | €6,160 | €4,668 | €3,179 | €3,472 | ▲ 9.2% |
| Land and buildings22 | €4,674 | €3,930 | €3,186 | €2,442 | €1,698 | ▼ 30.5% |
| Plant, machinery and equipment23 | €486 | €486 | €359 | €232 | €127 | ▼ 45.3% |
| Furniture and vehicles24 | €5,683 | €1,743 | €1,122 | €504 | €1,646 | ▲ 226% |
| Leasing and similar rights25 | €0 | €0 | €0 | - | - | - |
| Financial fixed assets28 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | = |
| Current assets29/58 | €133,667 | €154,135 | €147,583 | €148,233 | €184,212 | ▲ 24.3% |
| Stocks and contracts in progress3 | €59,581 | €63,245 | €64,250 | €81,120 | €103,489 | ▲ 27.6% |
| Stocks30/36 | €59,581 | €63,245 | €64,250 | €81,120 | €103,489 | ▲ 27.6% |
| Amounts receivable within one year40/41 | €33,519 | €60,169 | €57,996 | €60,770 | €69,198 | ▲ 13.9% |
| Trade receivables40 | €0 | €3,751 | €0 | €0 | €0 | - |
| Other amounts receivable41 | €33,519 | €56,419 | €57,996 | €60,770 | €69,198 | ▲ 13.9% |
| Cash at bank and in hand54/58 | €40,567 | €28,824 | €23,371 | €5,104 | €10,457 | ▲ 105% |
| Deferred charges and accrued income490/1 | €0 | €1,896 | €1,966 | €1,239 | €1,067 | ▼ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,650 | €161,434 | €153,391 | €152,552 | €188,824 | ▲ 23.8% |
| Equity10/15 | €41,271 | €20,481 | €12,290 | €11,060 | €36,049 | ▲ 226% |
| Contributions10/11 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Capital10 | - | - | €0 | - | - | - |
| Issued capital100 | - | - | €0 | - | - | - |
| Uncalled capital101 | - | - | €0 | - | - | - |
| Outside capital11 | - | - | €8,060 | - | - | - |
| Other1109/19 | - | - | €8,060 | - | - | - |
| Reserves13 | €0 | - | - | - | - | - |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Other1319 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | €33,211 | €12,421 | €4,230 | €3,000 | €27,989 | ▲ 833% |
| Amounts payable17/49 | €104,379 | €140,953 | €141,101 | €141,492 | €152,775 | ▲ 8.0% |
| Amounts payable after more than one year17 | €3,354 | €9,691 | €9,691 | €0 | - | - |
| Financial debts170/4 | €3,354 | €9,691 | €9,691 | €0 | - | - |
| Amounts payable within one year42/48 | €101,025 | €131,262 | €131,410 | €141,492 | €152,775 | ▲ 8.0% |
| Current portion of amounts payable after more than one year42 | €19,413 | €19,188 | €0 | €0 | - | - |
| Financial debts43 | €3,307 | €3,307 | €3,370 | €3,376 | €3,376 | = |
| Credit institutions430/8 | €3,307 | €3,307 | €3,370 | €3,376 | €3,376 | = |
| Trade debts44 | €18,894 | €34,365 | €22,740 | €46,540 | €61,550 | ▲ 32.3% |
| Suppliers440/4 | €18,894 | €34,365 | €22,740 | €46,540 | €61,550 | ▲ 32.3% |
| Taxes, remuneration and social security45 | €59,411 | €74,394 | €105,299 | €91,575 | €87,849 | ▼ 4.1% |
| Taxes450/3 | €52,349 | €66,420 | €99,583 | €91,174 | €80,910 | ▼ 11.3% |
| Remuneration and social security454/9 | €7,062 | €7,974 | €5,715 | €401 | €6,938 | ▲ 1,629% |
| Other amounts payable47/48 | €0 | €7 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,319 | -€20,790 | -€8,191 | -€1,230 | €24,988 | ▲ 2,132% |
| + Depreciation and write-downs630 | €9,588 | €5,751 | €1,492 | €1,489 | €1,886 | ▲ 26.7% |
| Operating cash flow (approximation) | €4,270 | -€15,039 | -€6,699 | €259 | €26,874 | ▲ 10,279% |
| Investment in fixed assets (approximation) | - | -€1,067 | €0 | €0 | -€2,179 | - |
| Change in cash | - | -€11,743 | -€5,453 | -€18,267 | €5,353 | ▲ 129% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 47 days late
2025
31-12
Financial
Back to profitnet €24,988
Net result €24,988 after 4 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet -€20,790
Net result drops to -€20,790, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Back to profitnet €5,597
Net result €5,597 after one loss-making year.
02-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Herve · 1 establishment unit since 2017
Ground area
1,681 m²
Building footprint
255 m²
Volume, LiDAR
2,181 m³
2 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SYSSI
since 20172.260.424.652
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63006C0735/00H000 | Wallonia | 1,551 m² | 1 · 121 m² | 7.3 m · 2 fl. |
| 63006B0005/00E000 | Wallonia | 130 m² | 1 · 133 m² | 14.3 m · 4 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 6,488 companies in this sector we hold annual accounts for 2,442. 1,785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47715Retail trade
47721Retail sale of footwear
47722Retail trade
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0669593473
Also
9925:BE0669593473
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.