Checked.be
Active
BE 0431.009.008Private limited company (pre-2019)
CONCEPT SYSTEMS
Rue Moray 43 ·4218 Héron, Belgium· 39 yrs active
Sector: Computer programming
(62100)
Conclusion
CONCEPT SYSTEMS has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €221k and a net result of €18k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 92% of 20795 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €221k |
| Net result | €18k |
| Better than sector | 92% |
| Active | 39 yrs |
Financial profile
89
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
81
Solvency
100
Growth
62
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1987, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
94
2022
100
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 10.42 (≥ 1.5)
+10
Quick ratio
Quick ratio 10.42 (≥ 1.0)
+5
Leverage
Debt/equity 0.07 (< 1.0)
+10
Profitability
ROE 8%
+3
EBITDA margin
EBITDA-marge 72% (≥ 10%)
+8
Interest coverage
Interest coverage 17.5× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-09-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~8.4%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 93.1% | 62.9% | |
| Net result | €18k | €27k | |
| Equity | €221k | €74k | |
| Gross operating margin | €34k | €53k | |
| Total assets | €237k | €136k |
€44k
-1.9%
22-24
€32k
+11.1%
22-24
€18k
+18.5%
22-24
€30k
+10.6%
22-24
€237k
+4.7%
22-24
€221k
+9.1%
22-24
€154k
+24.2%
22-24
€8k
+16.6%
22-24
€16k
-32.4%
22-24
€16k
-32.4%
22-24
10.42
+70.0%
22-24
10.42
+70.0%
22-24
93.1%
+4.2%
22-24
0.07
-38.0%
22-24
8.3%
+8.7%
22-24
7.7%
+13.3%
22-24
42.2%
+20.8%
22-24
72.5%
+13.2%
22-24
17.51
+27.9%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | €44k | €44k | €44k |
| EBITDA | €32k | €28k | €26k |
| Net profit | €18k | €16k | €12k |
| Cash flow | €30k | €27k | €24k |
| Staff costs | - | - | - |
| Income taxes | €8k | €6k | €5k |
| Dividends | - | - | - |
| Total assets | €237k | €227k | €213k |
| Equity | €221k | €203k | €187k |
| Debt | €16k | €24k | €26k |
| of which ≤ 1y | €16k | €24k | €26k |
| of which > 1y | - | - | - |
| Working capital | €154k | €124k | €97k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 10.42 | 6.13 | 4.77 |
| Quick ratio | 10.42 | 6.13 | 4.77 |
| Working capital ratio | 64.8% | 54.6% | 45.5% |
| Solvency | 93.1% | 89.3% | 87.9% |
| Debt / equity | 0.07 | 0.12 | 0.14 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 17.51 | 13.69 | 7.68 |
| Gross margin | 79.2% | 72.7% | 65.3% |
| Net margin | 42.2% | 35.0% | 27.0% |
| ROA | 7.7% | 6.8% | 5.6% |
| ROE | 8.3% | 7.7% | 6.3% |
| EBITDA margin | 72.5% | 64.0% | 57.9% |
| Days sales outstanding | 1175d | 971d | 766d |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €237k | €227k | €213k |
| Fixed assets | 21/28 | €67k | €79k | €90k |
| Tangible fixed assets | 22/27 | €67k | €79k | €90k |
| Financial fixed assets | 28 | €62 | €62 | €62 |
| Current assets | 29/58 | €170k | €148k | €122k |
| Amounts receivable within one year | 40/41 | €140k | €118k | €92k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €237k | €227k | €213k |
| Equity | 10/15 | €221k | €203k | €187k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €201k | €182k | €167k |
| Amounts payable | 17/49 | €16k | €24k | €26k |
| Amounts payable within one year | 42/48 | €16k | €24k | €26k |
| Income statement | ||||
| Turnover | 70 | €44k | €44k | €44k |
| Gross operating margin | 9900 | €34k | €32k | €29k |
| Operating result | 9901 | €20k | €17k | €14k |
| Financial income | 75 | €8k | €7k | €6k |
| Financial charges | 65 | €2k | €2k | €3k |
| Result before taxes | 9903 | €26k | €22k | €17k |
| Income taxes | 67/77 | €8k | €6k | €5k |
| Net result for the period | 9904 | €18k | €16k | €12k |
| Result to be appropriated | 9905 | €18k | €16k | €12k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 13-04-1987 |
| Status | Active |
| Postal code | 4218 |
Establishment units
Rue Moray 19, 4218 Héron
since 19872.031.660.050
Real-estate footprint
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61015B0902/00F000 | Wallonia | 2,748 m² | 1 · 97 m² | 10.0 m · 3 fl. |
| 61015C0053/00K000 | Wallonia | 247 m² | 1 · 80 m² | 8.6 m · 3 fl. |
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.
Updates
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-12
Financial
Highest result since 2022net €18k ▲18.5%
Operating result €20k, net result €18k, both a record.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Equity above €200kEq €203k ▲8.3%
2 profitable years in a row build equity to €203k.
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 53 days late
2022
03-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 34 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 78 days late
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 90 days late
29-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 455 days late
29-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 820 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming6210072220
Names & trade names
| Legal nameFR | CONCEPT SYSTEMS |
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