Equity
€259,040 ▲ 56.1%
Equity rose in 2025 from €165,959 to €259,040.
SYSTEM DEVELOPMENT AND SIMULATION
Lifetime
8 annual accounts with figures on one time axispeak €141,843 (2025)
€141,843▲ 25.4%
lowest -€10,227 (2019)
€93,940▲ 17.3%
peak €259,040 (2025)
€259,040▲ 56.1%
€58,028▲ 41.7%
Board1 name since 2021
-
Documentsfilings and deeds
23-01-20268 days before the deadline
2025micro format
Gross margin from €113,100 to €141,843Dividend €859Equity from €165,959 to €259,040Debts from €40,962 to €58,028Cash from €84,624 to €231,150
Key points
from the 2025 annual accountsFilings
8 annual accounts since 2018
The last five annual accounts were filed 4 to 9 days before the end of the period.
Position in the sector
€93,940
Higher net result than 91% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
Checked score
98
Excellent
Financially stronger than 87% of micro companies in architecture and engineering (NACE 71)
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: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024highest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged 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: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.81, cash €231,150
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Equity €259,040 (81.7% of total assets)
Size: total assets €317,068
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 71, micro). It does better than 87% of them on solvency, 88% on liquidity, 88% on profitability and 83% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
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 SYSTEM DEVELOPMENT AND SIMULATION 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 SYSTEM DEVELOPMENT AND SIMULATION itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 SYSTEM DEVELOPMENT AND SIMULATION. 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 €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.81 (3.89 in 2024), above the usual 1.5. Short-term debt is 18.3% and cash 72.9% of total assets. 18.3% 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
6 signals, none raises the risk
Six signals.
lowers 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
19202122232425
2019 to 2025 · latest year €259,040
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
8 days early
2024
7 days early
2023
9 days early
2022
6 days early
2021
4 days early
2020
4 days early
2019
4 days early
← 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 6 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 24 January (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
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0664578078
Change of role: Kristoff SIX, from statutory manager to director
Director discharge: Kristoff SIX · General meeting of 01-10-2021 · Gazette deed
Incorporation
published on 14-10-2016 · Gazette deed
First establishment
Lekbaardersstraat 3, Hasselt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SYSTEM DEVELOPMENT AND SIMULATION Hasselt | €317,068 | €141,843 | 81.7% | - |
| Dr. Green Hasselt | €278,691 | €152,663 | 91.7% | - |
| AG STAB Morlanwelz | €342,158 | €128,464 | 25.1% | - |
| Artori Anzegem | €354,961 | €138,630 | 68.6% | - |
| FBWORK CONSULTING Oupeye | €305,371 | €124,516 | 47.5% | 1 |
| GRIGNARD Welkenraedt | €335,821 | €157,826 | 62.4% | 2.5 |
| STATIV PLUS Leuven | €282,541 | €144,328 | 40.0% | - |
These companies have the same main activity as SYSTEM DEVELOPMENT AND SIMULATION: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €279,000 and €355,000, founded between 2015 and 2017.
Official details
Source: KBO- Status
- Active since 12-10-2016Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 4 others
- Establishment unit
- 2.257.465.3603500 Hasselt, since 12-10-2016
- Financial year end
- 30 June
- Peppol
- Reachable since 01-12-2025
Annual accounts to 30-06-2025
- ≈ €290,000estimated
- €317,068▲ 53.2%
- Filing
- Filed on 23-01-2026, 8 days before the end of the filing period
Insights on SYSTEM DEVELOPMENT AND SIMULATION
SYSTEM DEVELOPMENT AND SIMULATION files the micro format. That format states no turnover. The gross margin rose from €14,644 in 2018 to €141,843 in 2025.
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 SYSTEM DEVELOPMENT AND SIMULATION
- What is the company number of SYSTEM DEVELOPMENT AND SIMULATION?
- The company number of SYSTEM DEVELOPMENT AND SIMULATION is 0664.578.078. The VAT number is the same number with BE in front: BE 0664.578.078.
- Where is SYSTEM DEVELOPMENT AND SIMULATION based?
- The registered office is at Lekbaardersstraat 3, 3500 Hasselt.Company details
- What does SYSTEM DEVELOPMENT AND SIMULATION do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of SYSTEM DEVELOPMENT AND SIMULATION?
- SYSTEM DEVELOPMENT AND SIMULATION is a private limited company (BV).
- When was SYSTEM DEVELOPMENT AND SIMULATION founded?
- SYSTEM DEVELOPMENT AND SIMULATION was founded on 12-10-2016.
- Is SYSTEM DEVELOPMENT AND SIMULATION still active?
- Yes, SYSTEM DEVELOPMENT AND SIMULATION is an active enterprise in the KBO register.
- What is the turnover of SYSTEM DEVELOPMENT AND SIMULATION?
- The turnover in financial year 2025 is ≈ €290,000. This figure is estimated from the gross margin of €141,843 and 36 comparable companies (NACE 711). It probably lies between €220,000 and €370,000.Financials
- Is SYSTEM DEVELOPMENT AND SIMULATION profitable?
- In financial year 2025, SYSTEM DEVELOPMENT AND SIMULATION made a profit of €93,940.
- Where can I find the annual accounts of SYSTEM DEVELOPMENT AND SIMULATION?
- SYSTEM DEVELOPMENT AND SIMULATION filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SYSTEM DEVELOPMENT AND SIMULATION due?
- SYSTEM DEVELOPMENT AND SIMULATION must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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