Systemat Document Solutions
ActiveSummary
Systemat Document Solutions has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,177 and a net result of €21,718, of which €113,257 non-recurring income. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Other information technology and computer services
NACE 62900Wholesale trade NACE 46492
7th largest company by total assets in Lasne, Telecoms and IT sector1 site
Size
≈ €3.9mturnover 2025, estimated
- Staff
- 19 FTE
- Equity
- €52,177
- Profit
- €21,718
Turnover estimated from the gross margin
Structure
- Parent
- Systemat Holding · 100%
- Board
- 4 members
Auditor: EY Réviseurs d'entreprises2025 accounts filed 31 days late9 of 30 deeds summarised
Why 83raises riskEquity €52,177 (2.8% of total assets)Last filed accounts filed 31 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 0.95, cash €430,779Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
Score 2025
83
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 37% of its sector peers (NACE 62, small)
Financial strength · tick = 2024
Weak
Solvency
28+12
equity 2.8% of total assets
Liquidity
29+15
short-term debt 97.2% · cash 22.9%
Profitability
29-38
return on assets 1.2%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%
12-2024: 2.3%● unchanged vs 11-2024
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 2.4%▲ +0.1 percentage points vs 01-2025
03-2025: 2.7%▲ +0.3 percentage points vs 02-2025
04-2025: 2.7%● unchanged vs 03-2025
05-2025: 2.7%● unchanged vs 04-2025
06-2025: 2.8%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.5%▼ -2.3 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 0.3%▼ -0.6 percentage points vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.95, compared with 0.92 in 2024, below 1; short-term debt: 97.2% and cash: 22.9% of total assets), and 97.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, small): better than 11% on solvency, 24% on liquidity, 19% on profitability and 92% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1682 sector peers (2025).
NBB · sector comparisonPosition among 1682 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
57 days early
2023
61 days early
2022
69 days early
2021
51 days early
2020
57 days early
2019
39 days early
← 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 43 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% 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 4 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · Amendment of…Capital increase · Bank account…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
In the rankings
#7 company by total assets in Lasne, Telecoms and IT sector
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00461084.
Turnover
€11.3m▼ 5.4%
2023 · €12.0m
EBIT margin
3.1%▲ 9.4pp
2023 · -6.3%
Net result
€21,718▼ 92.8%
2024 · €300,873
Working capital
-€91,838▲ 58.6%
2024 · -€221,803
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 86% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€11.3m
2024
Operating result€0.05m
2025
Net result€0.02m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.9m
2025
Equity€0.05m
2025
Debt€1.8m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.09m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin3.1%
2024
Return on assets (ROA)1.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency2.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.95
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)19
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€15.5m-€18.8m▲ 21.6%€15.2m▼ 18.9%€14.4m▼ 5.3%€13.9m▼ 4.0%€12.0m▼ 13.6%€11.3m▼ 5.4%
Operating result-€0.007m--€1.1m▼ 16,073%-€1.5m▼ 39.6%-€1.4m▲ 4.2%€0.2m-€0.8m€0.3m€0.05m▼ 85.6%
Net result-€0.1m--€1.2m▼ 830%-€1.5mbelow the sector's middle half▼ 24.3%-€1.4mbelow the sector's middle half▲ 1.9%€0.2mabove the sector's middle half-€0.8mbelow the sector's middle half€0.3mabove the sector's middle half€0.02mwithin the sector's middle half▼ 92.8%
EBIT margin0.0%--5.6%▼ 5.6pp-9.7%▼ 4.1pp-9.8%▼ 0.1pp1.4%▲ 11.2pp-6.3%▼ 7.7pp3.1%▲ 9.4pp
Equity€1.9m-€0.7m▼ 61.9%-€0.7mbelow the sector's middle half-€2.2mbelow the sector's middle half▼ 194%-€2.0mbelow the sector's middle half▲ 8.7%-€1.8mbelow the sector's middle half▲ 8.6%-€0.2mbelow the sector's middle half▲ 87.8%€0.05mbelow the sector's middle half
Total assets€13.1m-€9.5m▼ 27.7%€5.8mabove the sector's middle half▼ 38.4%€3.9mabove the sector's middle half▼ 34.0%€2.7mwithin the sector's middle half▼ 29.0%€2.6mwithin the sector's middle half▼ 6.2%€2.5mwithin the sector's middle half▼ 2.6%€1.9mwithin the sector's middle half▼ 24.7%
Debt€11.2m-€8.7m▼ 21.9%€6.6m▼ 24.9%€6.0m▼ 8.5%€4.7m▼ 21.7%€4.4m▼ 7.2%€2.7m▼ 37.7%€1.8m▼ 32.7%
Working capital-€1.5m--€2.1m▼ 40.1%-€2.3mbelow the sector's middle half▼ 10.6%-€2.5mbelow the sector's middle half▼ 7.7%-€2.0mbelow the sector's middle half▲ 20.1%-€1.8mbelow the sector's middle half▲ 8.6%-€0.2mbelow the sector's middle half▲ 87.7%-€0.09mbelow the sector's middle half▲ 58.6%
Solvency14.4%-7.6%▼ 6.8pp-12.6%below the sector's middle half▼ 20.2pp-56.0%below the sector's middle half▼ 43.5pp-72.0%below the sector's middle half▼ 16.0pp-70.2%below the sector's middle half▲ 1.8pp-8.8%below the sector's middle half▲ 61.4pp2.8%below the sector's middle half▲ 11.6pp
Current ratio0.86-0.76▼ 0.100.65below the sector's middle half▼ 0.110.59below the sector's middle half▼ 0.060.58below the sector's middle half▼ 0.010.59below the sector's middle half▲ 0.010.92below the sector's middle half▲ 0.330.95below the sector's middle half▲ 0.03
Return on assets (ROA)-1.0%--12.4%▼ 11.4pp-24.9%below the sector's middle half▼ 12.6pp-37.0%below the sector's middle half▼ 12.1pp6.9%within the sector's middle half▲ 43.9pp-32.4%below the sector's middle half▼ 39.2pp12.0%within the sector's middle half▲ 44.4pp1.2%within the sector's middle half▼ 10.9pp
Staff (FTE)23.2-23.1▼ 0.4%25.7within the sector's middle half▲ 11.3%29.4within the sector's middle half▲ 14.4%26.2within the sector's middle half▼ 10.9%22.1within the sector's middle half▼ 15.6%20.3within the sector's middle half▼ 8.1%19within the sector's middle half▼ 6.4%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2024 Equity +88% on 2023. Capital increase of €1,000,000 (Official Gazette 11-10-2024).
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€69,986 ▲ 31×
Current assets
€1.7m ▼ 30.4%
Equity and liabilities €1.9m
Equity
€52,177
Debt
€1.8m
Debt finances 97.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€50,986▼
2024 · €350,079
Cash flow
€22,518▼
2024 · €301,673
Debt to equity
35.07
ROE
41.6%
Interest coverage
1.10▼
2024 · 8.15
Debt ≤ 1 year
€1.8m▼
2024 · €2.7m
Income taxes
€0▼
2024 · €2,671
Staff costs
€1.7m▼
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95.6% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
2.1%
stopped otherwise
95.6%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,448 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €14.7m | €15.2m | €12.3m | €11.3m | - | - |
| Turnover70 | €15.5m | €18.8m | €15.2m | €14.4m | €13.9m | €12.0m | €11.3m | - | - |
| Other operating income74 | - | - | - | €0.2m | €0.4m | €0.3m | €0.02m | - | - |
| Non-recurring operating income76A | - | - | - | - | €1.0m | - | - | €0.1m | - |
| Operating charges60/66A | - | - | - | €16.1m | €15.0m | €13.1m | €11.0m | - | - |
| Goods for resale, raw materials and consumables60 | - | - | - | €11.3m | €11.1m | €9.7m | €8.2m | - | - |
| Purchases600/8 | - | - | - | €11.1m | €10.7m | €9.5m | €8.2m | - | - |
| Change in stocks: decrease (increase)609 | - | - | - | €0.2m | €0.4m | €0.2m | - | - | - |
| Services and other goods61 | - | - | - | €1.5m | €1.6m | €1.2m | €1.0m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €2.0m | €2.0m | €2.1m | €1.8m | €1.7m | ▼ 4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.9m | €1.2m | €1.2m | €1.2m | €0.3m | €0.001m | €0.001m | €0.001m | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.004m | -€0.03m | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | - | -€0.1m | - |
| Other operating charges640/8 | - | - | - | €0.003m | €0.003m | €0.04m | €0.002m | €0.005m | ▲ 165% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €0.2m | - |
| Gross operating margin9900 | - | - | - | - | - | - | - | €1.8m | - |
| Operating profit (loss)9901 | -€0.007m | -€1.1m | -€1.5m | -€1.4m | €0.2m | -€0.8m | €0.3m | €0.05m | ▼ 85.6% |
| Financial income75/76B | - | - | - | €0.001m | €360 | €261 | €138 | €0.02m | ▲ 131× |
| Recurring financial income75 | €0.004m | €4 | €0.001m | €0.001m | €360 | €261 | €138 | €0.02m | ▲ 131× |
| Income from current assets751 | - | - | - | - | €359 | €257 | €138 | - | - |
| Other financial income752/9 | - | - | - | €0.001m | €1 | €4 | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.009m | €0.003m | €0.07m | €0.05m | €0.05m | ▲ 1.4% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.03m | €0.009m | €0.003m | €0.07m | €0.05m | €0.05m | ▲ 1.4% |
| Debt charges650 | €0.1m | €0.04m | €0.02m | €0.004m | €29 | €0.07m | €0.04m | - | - |
| Other financial charges652/9 | - | - | - | €0.005m | €0.003m | €0.003m | €0.003m | - | - |
| Profit (loss) for the period before taxes9903 | -€0.1m | -€1.2m | -€1.4m | -€1.4m | €0.2m | -€0.8m | €0.3m | €0.02m | ▼ 92.8% |
| Income taxes67/77 | -€0.02m | €0.004m | €0.004m | €0.003m | €0.004m | €0.004m | €0.003m | €0 | ▼ 100% |
| Taxes670/3 | - | - | - | €0.003m | €0.004m | €0.004m | €0.003m | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €261 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€0.1m | -€1.2m | -€1.5m | -€1.4m | €0.2m | -€0.8m | €0.3m | €0.02m | ▼ 92.8% |
| Profit (loss) for the period to be appropriated9905 | -€0.1m | -€1.2m | -€1.5m | -€1.4m | €0.2m | -€0.8m | €0.3m | €0.02m | ▼ 92.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €13.1m | €9.5m | €5.8m | €3.9m | €2.7m | €2.6m | €2.5m | €1.9m | ▼ 24.7% |
| Formation expenses20 | - | - | - | - | - | - | - | €0.08m | - |
| Fixed assets21/28 | €4.1m | €2.8m | €1.6m | €0.3m | €0.004m | €0.003m | €0.002m | €0.07m | ▲ 31× |
| Intangible fixed assets21 | €4.1m | €2.8m | €1.6m | €0.3m | €0.004m | €0.003m | €0.002m | €0.001m | ▼ 35.3% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €0.03m | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €0.03m | - |
| Financial fixed assets28 | €0.02m | €0.02m | - | - | - | - | - | €0.04m | - |
| Current assets29/58 | €9.0m | €6.6m | €4.3m | €3.5m | €2.7m | €2.6m | €2.5m | €1.7m | ▼ 30.4% |
| Stocks and contracts in progress3 | €0.9m | €1.1m | €0.8m | €0.6m | €0.2m | - | - | - | - |
| Stocks30/36 | - | - | - | €0.6m | €0.2m | - | - | - | - |
| Goods purchased for resale34 | - | - | - | €0.6m | €0.2m | - | - | - | - |
| Amounts receivable within one year40/41 | €4.9m | €4.7m | €3.4m | €2.9m | €2.5m | €2.5m | €2.2m | €1.3m | ▼ 41.7% |
| Trade receivables40 | - | - | - | €2.9m | €2.5m | €2.5m | €2.2m | €1.3m | ▼ 40.2% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | €0.002m | €0.06m | €329 | ▼ 99.4% |
| Cash at bank and in hand54/58 | €2.8m | €0.8m | €0.04m | €0.04m | €0.07m | €0.04m | €0.3m | €0.4m | ▲ 57.4% |
| Deferred charges and accrued income490/1 | - | - | - | €460 | - | €0.002m | €0.007m | €0.01m | ▲ 92.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €13.1m | €9.5m | €5.8m | €3.9m | €2.7m | €2.6m | €2.5m | €1.9m | ▼ 24.7% |
| Equity10/15 | €1.9m | €0.7m | -€0.7m | -€2.2m | -€2.0m | -€1.8m | -€0.2m | €0.05m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.3m | €0.6m | ▲ 73.2% |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.3m | €0.6m | ▲ 73.2% |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.3m | €0.6m | ▲ 73.2% |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Profit (loss) carried forward14 | €1.4m | €0.2m | -€1.3m | -€2.7m | -€2.5m | -€2.3m | -€1.0m | -€1.0m | ▲ 2.1% |
| Amounts payable17/49 | €11.2m | €8.7m | €6.6m | €6.0m | €4.7m | €4.4m | €2.7m | €1.8m | ▼ 32.7% |
| Amounts payable after more than one year17 | €0.7m | €0.03m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €10.5m | €8.7m | €6.6m | €6.0m | €4.7m | €4.4m | €2.7m | €1.8m | ▼ 32.7% |
| Financial debts43 | - | - | - | - | - | - | - | €0.8m | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €0.8m | - |
| Trade debts44 | €5.7m | €7.2m | €5.0m | €5.0m | €3.6m | €3.6m | €2.3m | €0.7m | ▼ 71.4% |
| Suppliers440/4 | - | - | - | €5.0m | €3.6m | €3.6m | €2.3m | €0.7m | ▼ 71.4% |
| Advances received on contracts in progress46 | - | - | - | - | - | €0.3m | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 53.3% |
| Taxes450/3 | - | - | - | €0.2m | €0.1m | €0.08m | €0.08m | €0.006m | ▼ 92.4% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 42.1% |
| Other amounts payable47/48 | - | - | - | €0.5m | €0.7m | €0.1m | €0.06m | €0.2m | ▲ 227% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €4 | €0.001m | ▲ 224× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€1.2m | -€1.5m | -€1.4m | €0.2m | -€0.8m | €0.3m | €0.02m | ▼ 92.8% |
| + Depreciation and write-downs630 | €0.9m | €1.2m | €1.2m | €1.2m | €0.3m | €0.001m | €0.001m | €0.001m | = |
| Operating cash flow (approximation) | €0.8m | €0.08m | -€0.2m | -€0.2m | €0.5m | -€0.8m | €0.3m | €0.02m | ▼ 92.5% |
| Investment in fixed assets (approximation) | - | -€363 | €0.02m | €0 | -€0.004m | €0 | €0 | -€0.07m | - |
| Change in cash | - | -€2.0m | -€0.8m | -€301 | €0.03m | -€0.03m | €0.2m | €0.2m | ▼ 32.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00461084 |
| 31-12-2024 | full format | 04-06-2025 | 2025-00119977 |
| 31-12-2023 | full format | 31-05-2024 | 2024-00109318 |
| 31-12-2022 | full format | 23-05-2023 | 2023-00097089 |
| 31-12-2021 | full format | 10-06-2022 | 2022-20070850 |
| 31-12-2020 | full format | 04-06-2021 | 2021-17300014 |
| 31-12-2019 | full format | 22-06-2020 | 2020-19400396 |
| 31-12-2018 | full format | 19-08-2019 | 2019-48100045 |
| 31-03-2018 | full format | 04-04-2019 | 2019-09600452 |
| 31-03-2017 | full format | 25-10-2017 | 2017-67600244 |
Similar companies · same sector, comparable size
Fold
BE 0817.568.359
Kortrijk · equity €52,146
Synapsis Group
BE 0467.084.197
Ukkel · equity €51,951
Namic
BE 0824.010.149
Bierbeek · equity €51,888
1 CLIC
BE 0844.690.450
Sint-Genesius-Rode · equity €51,825
Appelblauwzeegroen
BE 0818.965.852
Edegem · equity €52,744
Of the 3,177 active companies whose main activity is other information technology and computer services (NACE 62900), figures are known for 1,810. 1,410 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
European Union, budget
2021 to 2024 · 9 entries · €220,931 in total| Year | Entries | Awarded |
|---|---|---|
| 2024 | 1 | €18,151 |
| 2023 | 1 | €29,292 |
| 2022 | 2 | €34,916 |
| 2021 | 5 | €138,572 |
Projects
MATÉRIEL ET INSTALLATIONS TECHNIQUES GÉNÉRALES
SUPPORT DES SYSTÈMES INFORMATIQUES
PURCHASE OF INFORMATION TECHNOLOGIES AND/OR COMMUNICATION EQUIPMENT
PRINCESSE II FRAMEWORK CONTRACT DI/07640 - SPIE - RENOUVELLEMENT MAINTENANCE SCANNER PMO BXL- LUX - IPR
ORDER FORM CEA-200052-4 - MAINTENANCE
Show 1 more projects
DI/07640 - PURCHASE ORDER FORM CEA-100012 - CEA100013 - CEA100014
Public contracts
14 awards · 2017 to 2025
Levering toners: 24139 - 1
Achat, location sans option d’achat, entretien d’appareils multifonctions et d’imprimantes et services connexes: FORCMS-COPY-152 - 1
Achat, location sans option d’achat, entretien d’appareils multifonctions et d’imprimantes et services connexes: FORCMS-COPY-152 - 5
Achat, location sans option d’achat, entretien d’appareils multifonctions et d’imprimantes et services connexes: FORCMS-COPY-152 - 7
Levering van kantoorbenodigdheden en verbruiksartikelen voor informatica: FORCMS-FBBB-153 - 6
Show 9 more contracts
QOP24-3350 - Raamovereenkomst levering voor een uitgebreid assortiment aan printsupplies: QOP24-3350 - 1
Accord-Cadre pour l'achat et maintenance de MFP (imprimantes multi-fonctions)
Acquisition d'imprimantes et contrat de maintenance 2024-2029: imprimantes dites de bureau
Acquisition d'imprimantes et contrat de maintenance 2024-2029: Imprimantes de Service
Raamovereenkomst voor levering en duurzaam terugnamesysteem van toners en inktcartridges: Raamovereenkomst voor levering van originele toners en inktcartridges
Location, en quatre lots, d’une quantité présumée de 110 photocopieurs multifonctions, à l’état neuf, avec contrat omnium d’entretien pour une durée de cinq ans, destinés à différents services de la Ville de Liège: Location de photocopieurs multifonctions type 45 ppm couleurs
Marché portant sur la fourniture d’équipements informatiques: Imprimantes + toners
DMP1801039 — marché de fournitures de consommables informatiques divers: Fourniture de consommables informatiques divers
PrinCESSe II — Lot 2 — acquisition of personal printers, group A3 printers, document scanners, non-reference and channel devices, and their options, extensions, and consumables: Princesse II Lot 2
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
under verification, last change in 2024
This board is reconstructed from a single act (25023556). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
Herteleer
CurrentDirector · since 30-12-2024 · Limited partnership · permanent representative: Jens Herteleer
HI1
CurrentDirector · since 30-12-2024 · Private limited company · permanent representative: Oscar Van Hool
SAS Invest
CurrentDirector · since 30-12-2024 · Public limited company · permanent representative: Jef Stalmans
H11
CurrentDirector · since 14-02-2025 · Legal entity · from a recent deed
Permanent representatives 3
Jef Stalmans
CurrentPermanent representative · since 30-12-2024 · for SAS Invest
Jens Herteleer
CurrentPermanent representative · since 30-12-2024 · for Herteleer
Oscar Van Hool
CurrentPermanent representative · since 30-12-2024 · for HI1
Statutory auditor 1
EY Réviseurs d'entreprises
CurrentStatutory auditor · since 03-07-2024 · permanent representative: Thomas Meurice
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
21 of this company's 30 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
10 people since 2023, 5 in office
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Herteleer |
|
| HI1 |
|
| SAS Invest |
|
| H11from an act |
|
| EY Réviseurs d'entreprises |
|
| Audrey Van Impe |
|
| Pascal Lekeu |
|
| Scopos-H. Dirix & Associates |
|
| Jean-Pierre Butacide |
|
| SRL Nove Consulting |
|
The directors' other companies
4 current directors with another company that went bankrupt, was dissolved or struck off
3 other companies of this director went bankrupt (2026).
- Systemat Infrastructure Solutions bankruptcy on 18-06-2026Official Gazettemandate since 2024
- Artdeco bankruptcy according to the KBO registermandate since 2025
- Design in Mind bankruptcy according to the KBO registermandate since 2025
3 other companies of this director went bankrupt (2026).
- Systemat Infrastructure Solutions bankruptcy on 18-06-2026Official Gazettemandate since 2024
- Artdeco bankruptcy according to the KBO registermandate since 2025
- Design in Mind bankruptcy according to the KBO registermandate since 2025
1 other company of this director went bankrupt (2026).
- Systemat Infrastructure Solutions bankruptcy on 18-06-2026Official Gazettemandate since 2024
Scopos-H. Dirix & Associates
1 other company of this director went bankrupt (2026).
- Systemat Infrastructure Solutions bankruptcy on 18-06-2026Official Gazettemandate since 2024
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Owners
1 ownerChain of control
- CIM Ventures
- Systemat Holding
- Systemat Document Solutions
Highest known parent: CIM Ventures. The sources do not say who stands above it.
Owners 1
-
100%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
According to the 2024 annual accounts of Systemat Document Solutions and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Shareholders according to the deeds
After the capital increase
act of 29-11-2023 ↗
- SPIE Belgium (BE 0434.499.028) €1,000,000 in cash
Stated in the act
act of 29-11-2023 ↗
- SPIE Belgium (BE 0434.499.028) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 11-06-2025 Capital increase of €250,000 · to €591,754 · no new shares · in cash
- 30-12-2024 Capital increase of €280,254 · to €341,754 · in cash
- 11-10-2024 Capital increase of €1,000,000 · to €1,061,500 · “sans émission d’actions nouvelles”
- 11-10-2024 Capital reduction of €1,000,000 · to €61,500 · to absorb losses
- 29-11-2023 Capital increase of €1,000,000 · to €1,061,500 · no new shares · in cash
- 29-11-2023 Capital reduction of €1,000,000 · to €61,500 · to absorb losses
Group and network
Connections & network
23 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Artdeco
Shared corporate director
→
Axis
Shared corporate director
→
BELFI
Shared corporate director
→
Belgian Paper Convertors
Shared corporate director
→
Show 19 more companies with a shared director
BOSSUYT GROOTKEUKEN
Shared corporate director
→
CCR Partners II
Shared corporate director
→
CIM Ventures
Shared corporate director
→
CVI Partners
Shared corporate director
→
Design in Mind
Shared corporate director
→
IMMO NADS
Shared corporate director
→
JNS Betonboringen
Shared corporate director
→
MAES INOX
Shared corporate director
→
Pillco Medical
Shared corporate director
→
SKY MAN INTERNATIONAL
Shared corporate director
→
SKY MAN INTERNATIONAL Holding
Shared corporate director
→
SPIE ICS Cloud Solutions
Shared corporate director
→
SPIE ICS Financial Solutions
Shared corporate director
→
SPIE ICS IT Talent Solutions
Shared corporate director
→
Steen Holding
Shared corporate director
→
STONE
Shared corporate director
→
STONE IMMO
Shared corporate director
→
Systemat Infrastructure Solutions
Shared corporate director
→
VYBOSS
Shared corporate director
→
History
Systemat Document Solutions was incorporated on 27 August 2007.1 Between 2023 and 2025 the capital was increased 4 times, most recently to €591,754.234 Since 2024 the company has been called Systemat Document Solutions.3 Turnover fell from €15.5m in 2018 to €11.3m in 2024 and headcount from 23.2 full-time equivalents in 2018 to 19 in 2025.5
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
financial year 2025 · full format · 31 days late
2025
11-06
Gazette deed
Capital & shares · Amendment of the articlesCapital increase · Bank account · Capital7 facts ▸
Gazette deed
Capital & shares · Amendment of the articles
Capital increase · Bank account · Capital7 facts ▸
- General meeting, 03-06-2025
- Other provision, “renonciation aux rapports pour augmentation de capital, PREMIÈRERÉSOLUTION” (deed in French)
- Capital increase, €250,000
- Bank account, 62500, “compte spécial au nom de la Société” (deed in French)
- Capital, €591,754
- Other provision, “respect des conditions légales de souscription et libération du capital” (deed in French)
- Amendment of the articles, 5
04-06
NBB filing
Annual accounts filed
financial year 2024 · full format
14-02
Gazette deed
Resignations: Pascal Lekeu (director) and Audrey Van Impe (director)Appointments: SAS INVEST, H11 and HERTELEER · Permanent representatives: Jef Stalmans, Oscar Van Hool and Jens Herteleer · Director discharge17 facts ▸
Gazette deed
Resignations: Pascal Lekeu (director) and Audrey Van Impe (director)
Appointments: SAS INVEST, H11 and HERTELEER · Permanent representatives: Jef Stalmans, Oscar Van Hool and Jens Herteleer · Director discharge17 facts ▸
- General meeting, “décision écrite unanime, assemblée générale spécial des actionnaires” (deed in French)
- Director resignation, Pascal Lekeu (director)
- Director resignation, Audrey Van Impe (director)
- Director discharge, Pascal Lekeu (2 times)
- Director discharge, Audrey Van Impe
- Director resignation, Pascal Lekeu (day-to-day manager)
- Director appointment, SAS INVEST (director)
- Director appointment, H11 (director)
- Director appointment, HERTELEER (director)
- Board composition, SAS INVEST (director)
- Board composition, H11 (director)
- Board composition, HERTELEER (director)
- +5 further facts in this act
2024
31-12
Financial
Back to profitnet €300,873
Net result €300,873 after one loss-making year.
30-12
Gazette deed
Capital & shares · Amendment of the articles · NameName change · Capital increase · Capital7 facts ▸
Gazette deed
Capital & shares · Amendment of the articles · Name
Name change · Capital increase · Capital7 facts ▸
- General meeting, 23-12-2024
- Name change, Systemat Document Solutions
- Other provision, “renonciation aux rapports en cas d'augmentation de capital, actionnaire unique” (deed in French)
- Capital increase, €280,254
- Capital, €341,754
- Amendment of the articles, 5
- Power of attorney (2 times)
11-10
Gazette deed
Amendment of the articlesCapital increase · Capital contribution · Capital9 facts ▸
Gazette deed
Amendment of the articles
Capital increase · Capital contribution · Capital9 facts ▸
- General meeting, 08-10-2024
- Other provision, “renonciation aux rapports pour augmentation de capital, actionnaire unique” (deed in French)
- Capital increase, €1,000,000
- Capital contribution, €1,000,000
- Capital, €1,061,500
- Capital decrease, €1,000,000
- Capital, €61,500
- Amendment of the articles, 5
- Power of attorney
15-07
Gazette deed
Resignation: Scopos H. Dirix & Associates (director)Permanent representative: Hein Dirix · Appointment: Pascal Lekeu (director) · Registered office clause8 facts ▸
Gazette deed
Resignation: Scopos H. Dirix & Associates (director)
Permanent representative: Hein Dirix · Appointment: Pascal Lekeu (director) · Registered office clause8 facts ▸
- Registered office clause, “Chaussée de Louvain 431 C, 1380 Lasne (Belgique)” (deed in French)
- General meeting, 27-06-2024
- Director resignation, Scopos H. Dirix & Associates (director)
- Permanent representative, Hein Dirix
- Director appointment, Pascal Lekeu (director)
- Board meeting, 28-06-2024
- Director resignation, Scopos H. Dirix & Associates (daily management delegate)
- Director appointment, Pascal Lekeu (daily management delegate)
03-07
Gazette deed
Resignation: Jean-Pierre Butacide (director)Reappointments: Scopos-H. Dirix & Associates (director) and EY Réviseurs d'Entreprises (statutory auditor) · Appointment: Audrey Van Impe (director) · Permanent representative: Hein Dirix8 facts ▸
Gazette deed
Resignation: Jean-Pierre Butacide (director)
Reappointments: Scopos-H. Dirix & Associates (director) and EY Réviseurs d'Entreprises (statutory auditor) · Appointment: Audrey Van Impe (director) · Permanent representative: Hein Dirix8 facts ▸
- General meeting, 21-05-2024
- Other provision, “administrateur, expiration mandats administrateurs” (deed in French)
- Director resignation, Jean-Pierre Butacide (director)
- Director reappointment, Scopos-H. Dirix & Associates (director)
- Director appointment, Audrey Van Impe (director)
- Permanent representative, Hein Dirix
- Other provision, “commissaire, expiration mandat commissaire” (deed in French)
- Auditor reappointment, EY Réviseurs d'Entreprises (statutory auditor) (2 times)
31-05
NBB filing
Annual accounts filed
financial year 2023 · full format
2023
29-11
Gazette deed
Amendment of the articlesShareholding · Power of attorney · Capital increase11 facts ▸
Gazette deed
Amendment of the articles
Shareholding · Power of attorney · Capital increase11 facts ▸
- General meeting, 20-11-2023
- Shareholding, “actionnaire unique” (deed in French)
- Power of attorney, MOULART Marie
- Other provision, “renonciation aux rapports d'augmentation de capital, rapport organe d'administration article 7:179 §1 alinéa 1 et rapport commissaire article 7:179 §1 alinéa 2” (deed in French)
- Capital increase, €1,000,000
- Capital contribution, €1,000,000
- Capital, €1,061,500
- Capital decrease, €1,000,000
- Capital, €61,500
- Amendment of the articles, 5
- Power of attorney
13-11
Gazette deed
Resignation: SRL Nove Consulting (director)Permanent representatives: Guy Verstraeten and Hein Dirix6 facts ▸
Gazette deed
Resignation: SRL Nove Consulting (director)
Permanent representatives: Guy Verstraeten and Hein Dirix6 facts ▸
- General meeting, 15-09-2023
- Director resignation, SRL Nove Consulting (director)
- Board meeting, 15-09-2023
- Director resignation, SRL Nove Consulting (daily management delegate)
- Permanent representative, Guy Verstraeten
- Permanent representative, Hein Dirix
Show earlier events
23-05
NBB filing
Annual accounts filed
financial year 2022 · full format
21-02
Gazette deed
Permanent representatives: Romuald Bilem and Thomas Meurice3 facts ▸
Gazette deed
Permanent representatives: Romuald Bilem and Thomas Meurice
3 facts ▸
- Board meeting, 19-10-2022
- Permanent representative, Romuald Bilem (représentant permanent du commissaire)
- Permanent representative, Thomas Meurice (représentant permanent du commissaire)
2022
31-12
Financial
Back to profitnet €187,817
Net result €187,817 after 4 loss-making years.
10-06
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
04-06
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
financial year 2019 · full format
2019
19-08
NBB filing
Annual accounts filed
financial year 2018 · full format · 19 days late
04-04
NBB filing
Annual accounts filed
financial year 2018 · full format · 155 days late
2017
25-10
NBB filing
Annual accounts filed
financial year 2017 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 19 annual accounts filed, the latest 10 are here; all 19 are under Financials.
9 of 30 deeds read
About the unread acts
Of the 30 Belgian Official Gazette deeds we know for this company, 9 have been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPublic limited company
Founded27-08-2007
Financial year end31-12
Activities, NACEBEL 2025
46492Wholesale trade
62900Other information technology and computer services
77330Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891633797
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Lasne · 1 establishment unit since 2015
Ground area
3,200 m²
Building footprint
156 m²
Building volume
767 m³
Parcel 25076F0006/00S005, Wallonia · tallest building 12.8 m. Linked by address, not a title deed.
114
companies at this address
See who is registered here
1 establishment unit
SPIE ICS Document Solutions
since 2015unit no. 2.241.154.316
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25076F0006/00S005 | Wallonia | 3,200 m² | 1 · 156 m² | 12.8 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.