CONCEPT SYSTEMS +
Open bankruptcyA bankruptcy procedure is open for CONCEPT SYSTEMS + according to publications in the Belgian State Gazette; curator: JEROME HENRI.
Summary
The 2021 annual accounts show equity of €24k and a net result of €60k.
Signals
Three 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 31-12-2021 was due by 31-07-2022 and was filed on 27-07-2022, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
4 d early
2020
20 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€24k
2020 · €-36k
2018: €-31k
2019: €-37k▼ -21.4% vs 2018lowest in 4 years
2020: €-36k▲ +3.9% vs 2019
2021: €24k▲ +166% vs 2020highest in 4 years
2018 → 2021
Total assets
€96k▲ 1,463%
2020 · €6k
2018: €2k
2019: €2k▼ -1.1% vs 2018lowest in 4 years
2020: €6k▲ +235% vs 2019
2021: €96k▲ +1463% vs 2020highest in 4 years
2018 → 2021
Net result
€60k▲ 4,005%
2020 · €1k
2018: €-19klowest in 4 years
2019: €-7k▲ +64.9% vs 2018
2020: €1k▲ +122% vs 2019
2021: €60k▲ +4005% vs 2020highest in 4 years
2018 → 2021
Working capital
€18k
2020 · €-37k
2018: €-32k
2019: €-39k▼ -20.1% vs 2018lowest in 4 years
2020: €-37k▲ +3.2% vs 2019
2021: €18k▲ +148% vs 2020highest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-31k-€-37k▼ 21.4%€-36k▲ 3.9%€24k
2018: €-31k
2019: €-37k▼ -21.4% vs 2018lowest in 4 years
2020: €-36k▲ +3.9% vs 2019
2021: €24k▲ +166% vs 2020highest in 4 years
Operating result€28k-€-5k€3k€70k▲ 1,951%
2018: €28k
2019: €-5k▼ -117% vs 2018lowest in 4 years
2020: €3k▲ +173% vs 2019
2021: €70k▲ +1951% vs 2020highest in 4 years
Net result€-19k-€-7k▲ 64.9%€1k€60k▲ 4,005%
2018: €-19klowest in 4 years
2019: €-7k▲ +64.9% vs 2018
2020: €1k▲ +122% vs 2019
2021: €60k▲ +4005% vs 2020highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 1,951% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €96k
Fixed assets
€6k ▲ 306%
Current assets
€90k ▲ 1,832%
Equity and liabilities €96k
Equity
€24k
Debt
€72k
Debt finances 75.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€70k▲
2020 · €4k
Cash flow
€61k▲
2020 · €2k
Current ratio
1.25▲
2020 · 0.11
Debt to equity
3.01
ROE
250.8%
ROA
62.5%▲
2020 · 23.8%
Interest coverage
39.39
Debt ≤ 1 year
€72k▲
2020 · €42k
Income taxes
€8k
Staff costs
€55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet
Code20202021
Assets
Total assets20/58€6k€96k▲
Fixed assets21/28€1k€6k▲
Tangible fixed assets22/27€232€3k▲
Furniture and vehicles24-€3k
Financial fixed assets28€1k€3k▲
Current assets29/58€5k€90k▲
Amounts receivable within one year40/41€5k€7k▲
Trade receivables40-€7k
Deferred charges and accrued income490/1-€83k
Equity and liabilities
Total equity and liabilities10/49€6k€96k▲
Equity10/15€-36k€24k▲
Contributions10/11€12k€12k=
Capital10-€12k
Issued capital100-€19k
Uncalled capital101-€6k
Profit (loss) carried forward14€-48k€11k▲
Amounts payable17/49€42k€72k▲
Amounts payable within one year42/48€42k€72k▲
Financial debts43-€12k
Credit institutions430/8-€12k
Trade debts44€492€36k▲
Suppliers440/4-€36k
Taxes, remuneration and social security45-€20k
Taxes450/3-€20k
Other amounts payable47/48-€4k
Income statement
Code20202021
Remuneration, social security and pensions62-€55k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114€646▲
Other operating charges640/8-€614
Gross operating margin9900€9k€126k▲
Operating profit (loss)9901€3k€70k▲
Financial charges65/66B-€2k
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€1k€68k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€1k€60k▲
Profit (loss) for the period to be appropriated9905€1k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€11k
Profit (loss) brought forward from the previous period14P-€-48k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €55k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €125 | €125 | €114 | €646 | ▲ 468% |
| Other operating charges640/8 | - | - | - | €614 | - |
| Gross operating margin9900 | €29k | €-5k | €9k | €126k | ▲ 1,299% |
| Operating profit (loss)9901 | €28k | €-5k | €3k | €70k | ▲ 1,951% |
| Financial charges65/66B | - | - | - | €2k | - |
| Recurring financial charges65 | €2k | €2k | €2k | €2k | ▼ 7.9% |
| Profit (loss) for the period before taxes9903 | €-19k | €-7k | €1k | €68k | ▲ 4,556% |
| Income taxes67/77 | - | - | - | €8k | - |
| Profit (loss) for the period9904 | €-19k | €-7k | €1k | €60k | ▲ 4,005% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-7k | €1k | €60k | ▲ 4,005% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2k | €2k | €6k | €96k | ▲ 1,463% |
| Fixed assets21/28 | €1k | €1k | €1k | €6k | ▲ 306% |
| Tangible fixed assets22/27 | €125 | - | €232 | €3k | ▲ 1,293% |
| Furniture and vehicles24 | - | - | - | €3k | - |
| Financial fixed assets28 | €1k | €1k | €1k | €3k | ▲ 122% |
| Current assets29/58 | €474 | €580 | €5k | €90k | ▲ 1,832% |
| Amounts receivable within one year40/41 | €474 | €580 | €5k | €7k | ▲ 43.6% |
| Trade receivables40 | - | - | - | €7k | - |
| Deferred charges and accrued income490/1 | - | - | - | €83k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2k | €2k | €6k | €96k | ▲ 1,463% |
| Equity10/15 | €-31k | €-37k | €-36k | €24k | ▲ 166% |
| Contributions10/11 | €12k | €12k | €12k | €12k | = |
| Capital10 | - | - | - | €12k | - |
| Issued capital100 | - | - | - | €19k | - |
| Uncalled capital101 | - | - | - | €6k | - |
| Profit (loss) carried forward14 | €-43k | €-50k | €-48k | €11k | ▲ 124% |
| Amounts payable17/49 | €33k | €39k | €42k | €72k | ▲ 70.7% |
| Amounts payable within one year42/48 | €33k | €39k | €42k | €72k | ▲ 70.7% |
| Financial debts43 | - | - | - | €12k | - |
| Credit institutions430/8 | - | - | - | €12k | - |
| Trade debts44 | €1k | €925 | €492 | €36k | ▲ 7,319% |
| Suppliers440/4 | - | - | - | €36k | - |
| Taxes, remuneration and social security45 | - | - | - | €20k | - |
| Taxes450/3 | - | - | - | €20k | - |
| Other amounts payable47/48 | - | - | - | €4k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €-7k | €1k | €60k | ▲ 4,005% |
| + Depreciation and write-downs630 | €125 | €125 | €114 | €646 | ▲ 468% |
| Operating cash flow (approximation) | €-19k | €-6k | €2k | €61k | ▲ 3,749% |
| Investment in fixed assets (approximation) | - | €0 | €-346 | €-5k | ▼ 1,397% |
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
2025
06-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-06-2025
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €60k ▲4,005%
Operating result €70k, net result €60k, both a record.
31-12
Financial
Liquidity times 11current ratio 1.25
Current ratio from 0.11 to 1.25.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
2015
17-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
11-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has 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.
Directors · office · real estate
Directors
11 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, Brussel · 1 establishment unit since 2008
Ground area
1,062 m²
Building footprint
741 m²
Volume, LiDAR
8,347 m³
2 parcels, Brussels, Flanders · tallest building 21.1 m, ±5 floors. Linked by address, not a title deed.
278
companies at this address
See who is registered here
1 establishment unit
Concept Systems
since 20082.174.614.888
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22302C0229/00H000 | Flanders | 726 m² | 1 · 402 m² | 17.2 m · 4 fl. |
| 21809K0170/02B005 | Brussels | 336 m² | 1 · 340 m² | 21.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
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 | JEROME HENRI AVENUE ROGER VANDEN-
DRIESSCHE 18, 1150 WOLUWE-SAINT-PIERRE- curateur@bazacle-
solon.eu |
02-06-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-11-2008
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.