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Systal Technology Solutions

Active
Marnixlaan 23 ·1000 Brussel, Belgium
KBO/BCE: BE 0772.670.029
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Age4 yrs
Board2
Staff (FTE)2
Real estate1 parcel · 1,027 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Systal Technology Solutions is 1.3% (low). The 2023 annual accounts show equity of €74k and a net result of €2k. Its solvency ranks better than 30% of 97 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 380 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-12-2025, 503 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 16-12-2025 503 d late 2025-00588861
31-12-2022 31-07-2023 27-06-2025 697 d late 2025-00217698

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.3% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€2k-79.5%
Working capital€113k+310.4%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 16-12-2025 with the NBB · fiscal year 2023 · verkort
€-60k€-40k€-20k€0€20kOperating result 2022: €-45k€-45kNet result 2022: €10k€10kOperating result 2023: €7k€7kNet result 2023: €2k€2k20222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 63 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 20.8% 46.1%
better than 30% of 97 sector peers
Net result €2k €27k
better than 32% of 97 sector peers
Equity €74k €135k
better than 35% of 97 sector peers
Gross operating margin €293k €57k
better than 81% of 94 sector peers
Staff costs €280k €160k
higher than 62% of 30 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€13k
- 22-23
Net profit
€2k
-79.5% 22-23
Cash flow
€8k
-52.7% 22-23
Total assets
€355k
+37.8% 22-23
Equity
€74k
+2.9% 22-23
Working capital
€113k
+310.4% 22-23
Employees (FTE)
2
+17.6% 22-23
Staff costs
€280k
-18.2% 22-23
Income taxes
€2k
- 22-23
Debt
€281k
+51.2% 22-23
Debt ≤ 1y
€216k
+16.1% 22-23
Current ratio
1.52
+32.6% 22-23
Quick ratio
1.52
+32.6% 22-23
Solvency
20.8%
-25.3% 22-23
Debt / equity
3.81
+47.0% 22-23
ROE
2.8%
-80.1% 22-23
ROA
0.6%
-85.1% 22-23
Interest coverage
3.86
- 22-23
Figures by fiscal year
Fiscal year2023
Depositverkort
Revenue-
EBITDA€13k
Net profit€2k
Cash flow€8k
Staff costs€280k
Income taxes€2k
Dividends-
Total assets€355k
Equity€74k
Debt€281k
of which ≤ 1y€216k
of which > 1y-
Working capital€113k
Employees (FTE)2.0
Ratios (computed)
2023
Current ratio1.52
Quick ratio1.52
Working capital ratio31.8%
Solvency20.8%
Debt / equity3.81
Long-term debt ratio-
Interest coverage3.86
Gross margin-
Net margin-
ROA0.6%
ROE2.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€355k
Fixed assets 21/28€26k
Tangible fixed assets 22/27€26k
Current assets 29/58€328k
Amounts receivable within one year 40/41€323k
Cash & bank 54/58€5k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€355k
Equity 10/15€74k
Contributions / capital 10/11€62k
Accumulated profits (losses) 14€12k
Amounts payable 17/49€281k
Amounts payable within one year 42/48€216k
Trade debts payable within one year 44€16k
Income statement
Gross operating margin 9900€293k
Operating result 9901€7k
Financial income 75€0
Financial charges 65€3k
Result before taxes 9903€4k
Income taxes 67/77€2k
Net result for the period 9904€2k
Result to be appropriated 9905€2k
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
66 / 100 Healthy
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
Former directors (2)
  • Stuart KILPATRICK
    Director
    State Gazette act 24172708 (06-12-2024)
    Former
    - → 31-05-2024
  • Scott Allan Taylor
    Director
    State Gazette act 23006602 (13-01-2023)
    Former
    - → 01-11-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

1 auditor
Statutory auditor IRE/IBR number Tenure
Callens, Vandelanotte & Theunissen BVCurrent
Statutory auditor · represented by Lieven Van Brussel
 - 20-11-2025 → present
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten(63100)
Legal form Public limited company(014)
Incorporation19-08-2021
StatusActive
Postal code1000

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
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.

Marnixlaan 231000 Brussel

Establishment units

1 location
Systal Technology Solutions
Marnixlaan 23, 1000 BrusselGroothandel in computers, randapparatuur en software
since 20212.320.708.370
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,027 m²
Buildings1
Building footprint800 m²
Volume (LiDAR)19,374 m³
Tallest building44.0 m · ±8 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21805E0534/00D000 Brussels 1,027 m² 1 · 800 m² 44.0 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

5 acts
All acts · 5 updated 6 months ago
2026
30-01-2026 Lieven Van Brussel reappointed as statutory auditor Director changes
  • Lieven Van Brussel, Commissaris
Summary: v3.2
2024
06-12-2024 Stuart KILPATRICK resigns as director Director changes
  • Stuart KILPATRICK, Bestuurder
Summary: v3.2
2023
13-01-2023 2 directors appointed, 1 resigning Director changes
  • Stuart Charles Kilpatrick, Bestuurder
  • Neil John Nicolson, Bestuurder
  • Scott Allan Taylor, Bestuurder
Summary: v3.2
2021
16-11-2021 Change in the board of directors Director changes
Summary: v3.2
23-08-2021 Incorporation of a new NV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health66Profitability14Solvency38Growth52Stability94
53 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 66
Profitability 14
Solvency 38
Growth 52
Stability 94

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 255 of the 2,724 companies in this sector. 198 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Groothandel in informatie- en communicatieapparatuur46500Groothandel in computers, randapparatuur en software46510Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan46520Webportalen63120Activiteiten van webportalen63910Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990
Primary activity highlighted.
Names & trade names
Legal nameNL Systal Technology Solutions
Registered office
Marnixlaan 23
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.