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SYSTEMD

Active Private limited companyfounded 2015active for 11 yearsKlaterboslaan 20, 1070 AnderlechtKBO/BCE: BE 0631.971.430

Overview

Lifetime

10 annual accounts with figures on one time axis
peak €103,046 (2024)
€93,194▼ 9.6%
peak €75,059 (2024)
€69,295▼ 7.7%
peak €140,331 (2025)
€140,331▲ 20.9%
€71,415▼ 24.9%
Board1 name since 2015
Documentsfilings and deeds
16-12-202546 days before the deadline
2025micro format
Dividend €45,000Equity from €116,036 to €140,331Debts from €95,128 to €71,415

Key points

from the 2025 annual accounts

Equity

€140,331 ▲ 20.9%
116,0362024+69,295Profit-45,000Dividend140,3312025

SYSTEMD paid out €45,000 in dividends. That is 65% of the 2025 profit.

Filings

10 annual accounts since 2016
deadline20202025

The last five annual accounts were filed 40 to 53 days before the end of the period.

Position in the sector

€69,295

Higher net result than 90% of companies in wholesale trade. Sector median €5,606 · 13,811 companies.

Checked score

98
Excellent
Financially stronger than 82% of micro companies in wholesale trade (NACE 46)
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: 0.4% across 26,891 companies (NACE 46, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1%highest value 01-2025: 0.1%● unchanged vs 12-2024 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%▼ -0.1 percentage points 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 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

91+11equity 66.3% of total assets
85+7short-term debt 33.7% · cash 60.8%
100=return on assets 32.7%

Score breakdown

raises risk
Sector: Wholesale trade (NACE 46)
lowers risk
Liquidity: current ratio 2.95, cash €128,798
Equity €140,331 (66.3% of total assets)
Founded in 2015
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 46, micro). It does better than 72% of them on solvency, 86% on liquidity, 95% on profitability and 76% 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 SYSTEMD 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
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of SYSTEMD 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 SYSTEMD. 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 €13,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.95 (2.21 in 2024), above the usual 1.5. Short-term debt is 33.7% and cash 60.8% of total assets. 33.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.95, cash €128,798
NBB · annual accounts
lowers risk · Equity €140,331 (66.3% of total assets)
NBB · annual accounts
lowers risk · Founded in 2015
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Sector: Wholesale trade (NACE 46)
KBO
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 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
43 days early
2023
40 days early
2022
53 days early
2021
46 days early
2020
48 days early
2019
46 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 46 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 16 December (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HD
Director, since 12-06-2015
  • HENRARD David Daniel 80 sharesdeed of 04-05-2023
  • BARILLOT Florence Emma Victorine Anne Chantal 20 sharesdeed of 04-05-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0631971430
Change of role: HENRARD David Daniel, from manager to director HENRARD David Daniel holds 80 shares · BARILLOT Florence Emma Victorine Anne Chantal holds 20 shares · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 02-05-2023 · Gazette deed
First establishment Klaterboslaan 20, Anderlecht
Incorporation published on 16-06-2015 · Gazette deed
All 17 events

Comparable companies

same main activity, similar in size and age
Company
SYSTEMD Anderlecht €211,746 €93,194 66.3% -
Future Software Solutions Bilzen-Hoeselt €246,709 €115,813 38.1% 2
AIMHIGH Genk €252,630 €70,993 20.9% -
INSETIS Anderlecht €273,799 €86,817 88.6% -
VISITAC Schaerbeek €173,953 €59,641 73.8% -
b32.be Grez-Doiceau €166,676 €101,283 24.9% -
REALEASE CAPITAL BELGIUM Charleroi €241,026 €77,797 73.9% 0

These companies have the same main activity as SYSTEMD: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €167,000 and €274,000, founded between 2015 and 2016.

Official details

Source: KBO
Status
Active since 12-06-2015Normal situation
Activity
Wholesale of information and communication equipmentNACE 46500and 4 others
Establishment unit
2.243.185.5741070 Anderlecht, since 03-07-2015
Financial year end
30 June
Peppol
Reachable since 16-10-2025
Company details

Annual accounts to 30-06-2025

€93,194▼ 9.6%
≈ €500,000estimated
€69,295▼ 7.7%
€140,331▲ 20.9%
€211,746▲ 0.3%
Filing
Filed on 16-12-2025, 46 days before the end of the filing period
Financials

Insights on SYSTEMD

SYSTEMD files the micro format. That format states no turnover. The gross margin rose from €44,410 in 2016 to €93,194 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 16-12-2025, 46 days before the deadline
€93,194
▼ 9.6%
€93,065
▼ 7.7%
€69,295
▼ 7.7%
€139,361
▲ 21.3%
66.3%
▲ 11.3 percentage points
2.95
▲ 0.74

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €500,000. Estimated: probably between €250,000 and €880,000.

Balance sheet

balance sheet total €211,746 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

66.3%

Higher than 71% of 13,805 companies in 2025.

2.95

Higher than 70% of 13,186 companies in 2025.

32.7%

Higher than 91% of 13,365 companies in 2025.

SYSTEMD Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016
Balance sheet: assets
20/58 211,746211,163180,007153,724111,93385,02897,86291,70677,14471,501
21/28 9701,0993,3134,0855,9871,0946,08613,74425,61226,979
22/27 9701,0993,3134,0855,9871,0946,08613,74425,61226,979
23 --2203802106094108331,740225
24 --1,8643,7055,7784851,0002,0004,252-
26 9701,0991,229---4651,0854,1815,701
29/58 210,776210,064176,694149,639105,94683,93491,77677,96251,53244,521
40/41 81,13089,30062,72619,00315,89914,88963,74724,51222,19414,266
40 71,69087,29752,17917,86115,86313,23057,61824,36521,69914,266
41 9,4402,00210,5471,142361,6596,129147495-
54/58 128,798120,115111,950128,36387,77266,82325,76851,13927,54528,469
490/1 8486502,0182,2722,2752,2222,2612,3111,7931,786
Balance sheet: equity and liabilities
10/49 211,746211,163180,007153,724111,93385,02897,86291,70677,14471,501
10/15 140,331116,03681,97786,21154,64951,10543,71510,44935,29916,084
10/11 18,60018,60018,60018,60010,50010,50010,5006,5006,5006,500
100 -----18,60018,60018,60018,60018,600
101 -----8,1008,10012,10012,10012,100
13 1,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 1,8601,8601,8601,8601,860-----
130 -----1,8601,8601,8601,8601,860
1311 1,8601,8601,8601,8601,860-----
14 119,87195,57661,51765,75142,28938,74531,3552,08926,9397,724
17/49 71,41595,12898,03067,51257,28433,92454,14781,25741,84555,416
17 -------8,87813,92218,916
170/4 -------8,87813,92218,916
42/48 71,41595,12898,03067,51257,28433,92454,14772,37927,92336,500
42 ------8,8785,0444,9944,945
44 8,50629,89140,9778,1921,83214,18516,2085,11710,8423,428
440/4 8,50629,89140,9778,1921,83214,18516,2085,11710,8423,428
45 17,26724,2378,54211,21419,5049,73810,22712,21810,73613,868
450/3 17,26724,2378,54211,21419,5049,73810,22712,21810,73613,868
47/48 45,64141,00048,51048,10635,94810,00018,83450,0001,35114,259
Income statement
76A -8,648--------
9900 93,194103,04660,87697,89753,81233,11764,57351,57439,71344,410
630 1302,2142,0572,3696636,3148,2708,1429,6869,076
640/8 --63-----102
66A --10----3,727--
9901 93,065100,83258,74595,52753,14926,80356,30439,70530,01735,332
75/76B 688463033950-3
75 688463033950-3
65/66B 1812858413288200811186733
65 1812858413288200811186733
9903 93,572101,01058,66195,39853,06426,61256,22839,58829,95035,302
67/77 24,27625,95215,89524,93614,2199,22211,96114,43810,73613,718
9904 69,29575,05942,76670,46238,84517,39044,26625,15019,21421,584
9905 69,29575,05942,76670,46238,84517,39044,26625,15019,21421,584
Appropriation of the result
9906 164,871136,576108,517112,75177,58948,74546,35552,08926,93921,584
14P 95,57661,51765,75142,289------
691/2 ---------1,860
6920 ---------1,860
694/7 45,00041,00047,00047,00035,30010,00015,00050,000-12,000
694 45,00041,00047,00047,00035,30010,00015,00050,000-12,000
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 16-12-2025.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 16-12-2025 2025-00582320 PDF
30-06-2024 micro format 19-12-2024 2024-00619595 PDF
30-06-2023 micro format 22-12-2023 2023-00534937 PDF
30-06-2022 micro format 09-12-2022 2022-20534599 PDF
30-06-2021 micro format 16-12-2021 2021-80500344 PDF
30-06-2020 micro format 14-12-2020 2020-75500455 PDF
30-06-2019 micro format 16-12-2019 2019-76200499 PDF
30-06-2018 micro format 03-12-2018 2018-73500434 PDF
30-06-2017 micro format 11-12-2017 2017-71600155 PDF
30-06-2016 full format 07-12-2016 2016-69600183 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016
93,194103,04660,80297,89753,81233,11764,57347,84739,70344,408
69,42577,27244,82372,83139,50823,70452,53633,29228,90030,660
001,2954675,5571,323612-3,7278,31936,055
8,6838,165-16,41340,59120,94941,055-25,37123,594-924-
139,361114,93778,66482,12648,66250,01037,6295,58323,6098,021
66.3%55.0%45.5%56.1%48.8%60.1%44.7%11.4%45.8%22.5%
2.952.211.802.221.852.471.691.081.851.22
0.510.821.200.781.050.661.247.781.193.45
49.4%64.7%52.2%81.7%71.1%34.0%101.3%240.7%54.4%134.2%
32.7%35.5%23.8%45.8%34.7%20.5%45.2%27.4%24.9%30.2%
over 100over 100over 100over 100------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-06-202530-06-202430-06-202330-06-2022
Tangible fixed assets--€1,295€467
€130€2,214€2,057€2,369

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on SYSTEMD

The operating result for 2025 is 8% lower than in 2024.

Debt's share of the balance-sheet total falls from 45.0% to 33.7%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2023
Director (not named in the articles)
since 12-06-2015 term without a fixed end
earlier manager, until 04-05-2023
listed in the 2025 annual accounts, filed on 16-12-2025
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 04-05-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
HENRARD David Daniel
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • HENRARD David Daniel
    • Director (not named in the articles), from 12-06-2015 to date
    • Manager, until 04-05-2023

See the board, name and registered office on a given date →

Control

Shareholders
HENRARD David Daniel, BARILLOT Florence Emma Victorine Anne Chantal
This company
SYSTEMD
Equity €140,331
Profit €69,295 in 2025

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 04-05-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d'actions acquises, cessions entre…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of December at 18:00

Shareholders

Stated in the deed deed of 04-05-2023 ↗

Network & group

No group

SYSTEMD has no parent and no holdings in its annual accounts. HENRARD David Daniel is the only director. SYSTEMD shares no director with another company.

At the same address

Klaterboslaan 20, 1070 Anderlecht · 5 other companies
ADIFISC
registered office since 01-08-2022 · founded in 2021
total assets €202,824 (2025)
0767.408.174
JYMT SOLUTIONS
registered office since 28-05-2025 · founded in 2025
total assets €55,029 (2025)
1023.809.066
Bourgeois, Maxime (sole trader)
establishment since 01-07-2025
founded in 2025
1025.200.126
Massart, Jérémy (sole trader)
establishment since 01-04-2019
founded in 2019
0723.879.722
Offshore Sailing Service
registered office since 10-05-1978
founded in 1978
0418.674.071

Timeline

Timeline

17 events since 2015

Deadline for the 2026 accounts: 31-01-2027

2025
Annual accounts 2025 filed PDFmicro format · 46 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0631971430
2024
Annual accounts 2024 filed PDFmicro format · 43 days before the deadline
Highest result from 2016 to 2025 net €75,059 ▲75.5% The operating result of €100,832 and the net result of €75,059 are both a record.
Equity above €100,000 equity €116,036 ▲41.5% Equity rises from €81,977 to €116,036.
2023
Annual accounts 2023 filed PDFmicro format · 40 days before the deadline
Change of role: HENRARD David Daniel, from manager to directorHENRARD David Daniel holds 80 shares · BARILLOT Florence Emma Victorine Anne Chantal holds 20 shares · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 02-05-202310 points ▸
  • General meeting, 02-05-2023
  • HENRARD David Daniel holds 80 shares
  • BARILLOT Florence Emma Victorine Anne Chantal holds 20 shares
  • 100 shares
  • Power of attorney, Michaelina de Radzitzky
  • Legal-form conversion, from private limited company (pre-2019) to private limited company
  • Director resignation, HENRARD David Daniel (manager)
  • Director appointment, HENRARD David Daniel (director (not named in the articles))
  • Director discharge, HENRARD David Daniel (gérant démissionnaire)
  • Registered office clause, avenue Claeterbosch 20/16, 1070 Anderlecht
  • The deed holds 17 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFmicro format · 53 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 46 days before the deadline
2020
Annual accounts 2020 filed PDFmicro format · 48 days before the deadline
Weakest financial year net €17,390 ▼60.7% The net result drops to €17,390, the lowest from 2016 to 2025. It recovers the following year.
2019
Annual accounts 2019 filed PDFmicro format · 46 days before the deadline
2018
Annual accounts 2018 filed PDFmicro format · 59 days before the deadline
2017
Annual accounts 2017 filed PDFmicro format · 51 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 55 days before the deadline
2015
First establishment Klaterboslaan 20, Anderlecht
Incorporation PDFpublished on 16-06-2015

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 June 2015, SYSTEMD was incorporated.1 Total assets went from €97,862 in 2019 to €211,746 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0631.971.430
VAT number
BE 0631.971.430
Peppol ID
0208:0631971430
Other Peppol ID
9925:BE0631971430
Legal form
Private limited company
Status
Active, normal situation
Founded
12-06-2015
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of December at 18:00
deed of 04-05-2023 (in French)
Peppol
Reachable since 16-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
SYSTEMD in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 04-05-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 04-05-2023 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
46510 Wholesale trade main activity
62010 Computer programming, consultancy and related activities
62020 IT consultancy
62030 Computer programming, consultancy and related activities
62090 Computer programming, consultancy and related activities
63120 Computing infrastructure, data processing, hosting and other information service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“La société a pour objet le commerce de matériel informatique et électronique de toute nature en ce compris toutes les activités annexes…”
Text of the purpose

“La société a pour objet le commerce de matériel informatique et électronique de toute nature en ce compris toutes les activités annexes telles que la conception,la réalisation et la commercialisation de logiciels et programmes,la production,l’entretien et la maintenance de matériel électronique et informatique,cette énumération étant exemplative et non limitative.”

deed of 04-05-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Klaterboslaan 20 registered office 1070 Anderlecht 03-07-2015 2.243.185.574

Buildings and parcels at the address

Ground area
3,217 m²
Buildings
318 m²
Volume, LiDAR
4,794 m³
Tallest building
17.2 m
Buildings to scale, each on its own parcel
318 m², 17.2 m 318 m², 17.2 m

Location

registered office establishment The establishment unit on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21308H0322/00D0003,217 m² 1 · 318 m² 17.2 m · 5

Contact

E-mail d.henrard@systemd.be establishment in Anderlecht
Phone +32 475 37 57 50 establishment in Anderlecht