SYSTEMEN, TELECOM & PROCESSING
ActiveSummary
SYSTEMEN, TELECOM & PROCESSING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,549 and a net result of -€3,535. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
cash: 49.4% of total assets, and 0% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-13.8%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,535
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
53 d early
2023
7 d early
2022
86 d early
2021
83 d early
2020
72 d early
2019
72 d 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 58 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€25,549▼ 12.2%
2024 · €29,084
Total assets
€25,549▼ 18.3%
2024 · €31,254
Net result
-€3,535▲ 14.2%
2024 · -€4,120
Working capital
€26,445▼ 7.5%
2023 · €28,584
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€1,525▼ 72.1%€1,314-€6,245-€4,112▲ 34.2%-€3,569▲ 13.2%
Net result-€1,549▼ 78.6%€1,263-€6,298-€4,120▲ 34.6%-€3,535▲ 14.2%
Equity€38,239▼ 3.9%€39,501▲ 3.3%€33,204▼ 15.9%€29,084▼ 12.4%€25,549▼ 12.2%
Total assets€45,528▲ 7.0%€44,650▼ 1.9%€34,324▼ 23.1%€31,254▼ 8.9%€25,549▼ 18.3%
Debt€7,289▲ 165%€5,149▼ 29.4%€1,120▼ 78.2%€2,171▲ 93.8%
Working capital€30,751▲ 4.7%€33,155▲ 7.8%€28,584▼ 13.8%€26,445▼ 7.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,569 in 2025 against €4,112 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25,549
Fixed assets
€1,911 ▼ 36.9%
Current assets
€23,638 ▼ 16.3%
Key figures and ratios
EBITDA
-€2,453▼
2024 · -€2,134
Cash flow
-€2,419▼
2024 · -€2,142
Solvency
100.0%▲
2024 · 93.1%
ROE
-13.8%▲
2024 · -14.2%
ROA
-13.8%▼
2024 · -13.2%
Interest coverage
-34.07▼
2024 · -24.19
Income taxes
€29
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,089 | €2,061 | €1,978 | €1,978 | €1,116 | ▼ 43.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €150 | €58 | - | - | - |
| Other operating charges640/8 | - | €450 | €493 | €569 | €131 | ▼ 76.9% |
| Gross operating margin9900 | €1,423 | €3,975 | -€3,715 | -€1,565 | -€2,322 | ▼ 48.4% |
| Operating profit (loss)9901 | -€1,525 | €1,314 | -€6,245 | -€4,112 | -€3,569 | ▲ 13.2% |
| Financial income75/76B | - | €10 | €0 | €80 | €135 | ▲ 68.8% |
| Recurring financial income75 | €7 | €10 | €0 | €80 | €135 | ▲ 68.8% |
| Financial charges65/66B | - | €62 | €53 | €88 | €72 | ▼ 18.4% |
| Recurring financial charges65 | €32 | €62 | €53 | €88 | €72 | ▼ 18.4% |
| Profit (loss) for the period before taxes9903 | -€1,549 | €1,263 | -€6,298 | -€4,120 | -€3,506 | ▲ 14.9% |
| Income taxes67/77 | - | - | - | - | €29 | - |
| Profit (loss) for the period9904 | -€1,549 | €1,263 | -€6,298 | -€4,120 | -€3,535 | ▲ 14.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,549 | €1,263 | -€6,298 | -€4,120 | -€3,535 | ▲ 14.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,528 | €44,650 | €34,324 | €31,254 | €25,549 | ▼ 18.3% |
| Fixed assets21/28 | €7,835 | €6,694 | €5,005 | €3,026 | €1,911 | ▼ 36.9% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €7,835 | €6,694 | €5,005 | €3,026 | €1,911 | ▼ 36.9% |
| Plant, machinery and equipment23 | - | €4,259 | €3,444 | €2,630 | €1,815 | ▼ 31.0% |
| Furniture and vehicles24 | - | €1,083 | €884 | €397 | €95 | ▼ 76.0% |
| Other tangible fixed assets26 | - | €1,353 | €676 | - | - | - |
| Current assets29/58 | €37,693 | €37,956 | €29,319 | €28,228 | €23,638 | ▼ 16.3% |
| Stocks and contracts in progress3 | €459 | €390 | €95 | €44 | €34 | ▼ 23.1% |
| Stocks30/36 | - | €390 | €95 | €44 | €34 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €7,283 | €13,954 | €10,166 | €10,758 | €10,992 | ▲ 2.2% |
| Trade receivables40 | - | €11,105 | €10,007 | €10,574 | €10,315 | ▼ 2.5% |
| Other amounts receivable41 | - | €2,850 | €159 | €184 | €677 | ▲ 268% |
| Cash at bank and in hand54/58 | €29,951 | €23,361 | €18,808 | €17,165 | €12,612 | ▼ 26.5% |
| Deferred charges and accrued income490/1 | - | €251 | €251 | €261 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,528 | €44,650 | €34,324 | €31,254 | €25,549 | ▼ 18.3% |
| Equity10/15 | €38,239 | €39,501 | €33,204 | €29,084 | €25,549 | ▼ 12.2% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €15,493 | €15,493 | €15,493 | €15,493 | €15,493 | = |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Profit (loss) carried forward14 | -€8,241 | -€6,979 | -€13,276 | -€17,396 | -€20,931 | ▼ 20.3% |
| Amounts payable17/49 | €7,289 | €5,149 | €1,120 | €2,171 | - | - |
| Amounts payable within one year42/48 | €6,942 | €4,801 | €736 | €1,783 | - | - |
| Trade debts44 | €2,243 | €1,248 | €536 | €492 | - | - |
| Suppliers440/4 | - | €1,248 | €536 | €492 | - | - |
| Taxes, remuneration and social security45 | - | - | €101 | €141 | - | - |
| Taxes450/3 | - | - | €101 | €141 | - | - |
| Other amounts payable47/48 | - | €3,553 | €99 | €1,150 | - | - |
| Accrued charges and deferred income492/3 | - | €348 | €384 | €387 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,549 | €1,263 | -€6,298 | -€4,120 | -€3,535 | ▲ 14.2% |
| + Depreciation and write-downs630 | €2,089 | €2,061 | €1,978 | €1,978 | €1,116 | ▼ 43.6% |
| Operating cash flow (approximation) | €540 | €3,324 | -€4,320 | -€2,142 | -€2,419 | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | -€920 | -€288 | €0 | €0 | - |
| Change in cash | - | -€6,590 | -€4,554 | -€1,642 | -€4,553 | ▼ 177% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€6,298
Net result drops to -€6,298, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 5current ratio 39.85
Current ratio from 7.91 to 39.85; short-term debt falls from €4,801 to €736.
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €1,263
Net result €1,263 after 2 loss-making years.
06-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €377
Net result €377 after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 35.42
Current ratio from 15.89 to 35.42; short-term debt falls from €1,855 to €815.
Show earlier events
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mortsel · 1 establishment unit since 1992
Ground area
1,029 m²
Building footprint
179 m²
Volume, LiDAR
662 m³
Parcel 11513C0464/00H004, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Liersesteenweg 310, 2640 Mortsel
since 19922.056.913.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0464/00H004 | Flanders | 1,029 m² | 1 · 179 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 236 EUR awarded · 236 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 236 EUR | 236 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,712 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-03-1992
Fiscal year end30-09
Abbreviation NL
S.TE.P.CO
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446819513
Also
9925:BE0446819513
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.