Systemat Infrastructure Solutions
Open bankruptcyA bankruptcy procedure is open for Systemat Infrastructure Solutions according to publications in the Belgian State Gazette; curator: MARC-ALAIN SPEIDEL. The 2024 annual accounts show equity of €583k and a net result of €-379k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
61 d early
2022
70 d early
2021
51 d early
2020
57 d early
2019
18 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€4.81M▲ 26.1%
2023 · €3.81M
2018: €6.09M
2019: €7.75M
2020: €8.56M
2021: €6.68M
2022: €5.46M
2023: €3.81M
2018 → 2024
EBIT margin
-4.3%▲ 44.5pp
2023 · -48.7%
2018: -2.3%
2019: -16.1%
2020: -12.0%
2021: -16.6%
2022: 10.0%
2023: -48.7%
2018 → 2024
Net result
€-379k▲ 81.1%
2023 · €-2.01M
2018: €-198k
2019: €-1.38M
2020: €-1.04M
2021: €-1.12M
2022: €538k
2023: €-2.01M
2018 → 2024
Working capital
€533k
2023 · €-4.21M
2018: €4k
2019: €-1.38M
2020: €-3.00M
2021: €-3.97M
2022: €-3.29M
2023: €-4.21M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8.56M-€6.68M▼ 22.0%€5.46M▼ 18.3%€3.81M▼ 30.2%€4.81M▲ 26.1%
Equity€-2.41M-€-3.53M▼ 46.3%€-2.99M▲ 15.2%€-4.00M▼ 33.8%€583k
Operating result€-1.03M-€-1.11M▼ 7.9%€546k€-1.86M€-205k▲ 89.0%
Net result€-1.04M-€-1.12M▼ 7.8%€538k€-2.01M€-379k▲ 81.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €205k in 2024 against €1.86M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.45M
Fixed assets
€50k▼ 75.9%
Current assets
€1.40M▲ 18.9%
Equity and liabilities €1.45M
Equity
€583k
Debt
€870k
Debt finances 59.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€-43k▲
2023 · €-1.71M
Cash flow
€-217k▲
2023 · €-1.86M
Solvency
40.1%▲
2023 · -288.7%
Current ratio
1.61▲
2023 · 0.22
Quick ratio
1.61▲
2023 · 0.22
Debt / equity
1.49▲
2023 · -1.35
ROE
-65.0%
ROA
-26.1%▲
2023 · -145.0%
Interest coverage
-0.25▲
2023 · -11.77
Debt
€870k▼
2023 · €5.39M
Debt ≤ 1 year
€870k▼
2023 · €5.39M
Income taxes
€4k▼
2023 · €6k
Staff costs
€2.08M▼
2023 · €3.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.39M€1.45M▲
Fixed assets21/28€206k€50k▼
Intangible fixed assets21€198k€46k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€7k€4k▼
Current assets29/58€1.18M€1.40M▲
Amounts receivable within one year40/41€1.16M€546k▼
Trade receivables40€1.15M€535k▼
Other amounts receivable41€4k€11k▲
Cash at bank and in hand54/58€13k€782k▲
Deferred charges and accrued income490/1€11k€76k▲
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.45M▲
Equity10/15€-4.00M€583k▲
Contributions10/11€63k€4.03M▲
Capital10€63k€4.03M▲
Issued capital100€63k€4.03M▲
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-4.07M€-3.45M▲
Amounts payable17/49€5.39M€870k▼
Amounts payable within one year42/48€5.39M€870k▼
Trade debts44€408k€326k▼
Suppliers440/4€408k€326k▼
Advances received on contracts in progress46€375k€97k▼
Taxes, remuneration and social security45€528k€431k▼
Taxes450/3€198k€133k▼
Remuneration and social security454/9€330k€298k▼
Other amounts payable47/48€4.08M€17k▼
Accrued charges and deferred income492/3€41€2▼
Income statement
Code20232024
Operating income70/76A€4.08M€4.84M▲
Turnover70€3.81M€4.81M▲
Other operating income74€263k€28k▼
Operating charges60/66A€5.93M€5.04M▼
Goods for resale, raw materials and consumables60€1.90M€2.28M▲
Purchases600/8€1.90M€2.28M▲
Services and other goods61€883k€513k▼
Remuneration, social security and pensions62€3.00M€2.08M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151k€162k▲
Other operating charges640/8€3k€2k▼
Operating profit (loss)9901€-1.86M€-205k▲
Financial income75/76B€2€1▼
Recurring financial income75€2€1▼
Other financial income752/9€2€1▼
Financial charges65/66B€146k€170k▲
Recurring financial charges65€146k€170k▲
Debt charges650€145k€169k▲
Other financial charges652/9€1k€900▼
Profit (loss) for the period before taxes9903€-2.00M€-375k▲
Income taxes67/77€6k€4k▼
Taxes670/3€6k€4k▼
Profit (loss) for the period9904€-2.01M€-379k▲
Profit (loss) for the period to be appropriated9905€-2.01M€-379k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.07M€-4.45M▲
Profit (loss) brought forward from the previous period14P€-3.06M€-4.07M▼
Transfer from equity791/2€1.00M€1.00M=
From contributions791€1.00M€1.00M=
Social balance
Average headcount (FTE)908730.324.8▼
The notes to these accounts (37 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
25-06
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · SYSTEMAT INFRASTRUCTURE SOLU- TIONS SA CHAUSSEE DE LOUVAIN 431 C, 1380 LASNE · event 18-06-2026
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity times 7current ratio 1.61
Current ratio from 0.22 to 1.61; short-term debt falls from €5.39M to €870k.
31-12
Financial
Equity above €500kEq €583k
Equity rises from €-4.00M to €583k.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-2.01M ▼474%
Net result drops to €-2.01M, the lowest in the series.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €538k
Net result €538k after 4 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 155 days late
2017
13-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 67 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Lasne · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Louvain 431 C1380 LasneGround area
5,193 m²
Building footprint
960 m²
Volume, LiDAR
7,475 m³
2 parcels, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SYSTEMAT SOURCING CENTER
since 20152.262.681.584
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25076F0006/00S005 | Wallonia | 3,200 m² | 1 · 156 m² | 12.8 m · 2 fl. |
| 25076F0005/00P002 | Wallonia | 1,992 m² | 1 · 804 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC-ALAIN SPEIDEL CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
18-06-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
984500DEC78F77BAC149
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Of 174 companies in sector 77330 we hold annual accounts for 109. 69 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-2015
Fiscal year end31-12
Activities, NACEBEL
47400Retail sale of information and communication equipment
47410Retail trade
77330Rental and leasing activities
46500Wholesale of information and communication equipment
46510Wholesale trade
62010Computer programming, consultancy and related activities
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.