SYSTEM TECHNOLOGIES
ActiveSummary
SYSTEM TECHNOLOGIES has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €302k and a net result of €113k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▲+10
Solvency71▼-27
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 3.59 in 2024; short-term debt: 48.6% and cash: 0.6% of total assets), but 53.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Sector 26
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.2%
Return on assets
17.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
23 d early
2023
71 d early
2022
11 d early
2021
17 d early
2020
31 d late
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€302k▼ 27.6%
2024 · €417k
2019: €251k
2020: €215k
2021: €321k
2022: €395k
2023: €440k
2024: €417k
2019 → 2025
Total assets
€653k▲ 15.0%
2024 · €568k
2019: €320k
2020: €417k
2021: €469k
2022: €530k
2023: €517k
2024: €568k
2019 → 2025
Net result
€113k▲ 123%
2024 · €51k
2019: €85k
2020: €73k
2021: €121k
2022: €74k
2023: €45k
2024: €51k
2019 → 2025
Working capital
€257k▼ 34.3%
2024 · €391k
2019: €246k
2020: €210k
2021: €312k
2022: €351k
2023: €406k
2024: €391k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€321k-€395k▲ 23.1%€440k▲ 11.3%€417k▼ 5.2%€302k▼ 27.6%
Operating result€152k-€78k▼ 48.6%€49k▼ 37.6%€46k▼ 4.7%€138k▲ 198%
Net result€121k-€74k▼ 38.9%€45k▼ 39.6%€51k▲ 13.4%€113k▲ 123%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 198% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €653k
Fixed assets
€79k ▲ 200%
Current assets
€574k ▲ 6.0%
Equity and liabilities €653k
Equity
€302k ▼ 27.6%
Debt
€351k ▲ 133%
Debt's share of the balance-sheet total rises from 26.6% to 53.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€161k▲
2024 · €56k
Cash flow
€136k▲
2024 · €61k
Current ratio
1.81▼
2024 · 3.59
Debt to equity
1.16▲
2024 · 0.36
ROE
37.5%▲
2024 · 12.2%
ROA
17.3%▲
2024 · 8.9%
Interest coverage
40.44▲
2024 · 15.65
Debt ≤ 1 year
€317k▲
2024 · €151k
Debt > 1 year
€34k
Income taxes
€49k▲
2024 · €22k
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 · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€568k€653k▲
Fixed assets21/28€26k€79k▲
Tangible fixed assets22/27€26k€79k▲
Plant, machinery and equipment23€3k€16k▲
Furniture and vehicles24€23k€63k▲
Other tangible fixed assets26€500€500=
Financial fixed assets28€50-
Current assets29/58€542k€574k▲
Stocks and contracts in progress3€101-
Stocks30/36€101-
Amounts receivable within one year40/41€530k€567k▲
Trade receivables40€1k€29k▲
Other amounts receivable41€529k€537k▲
Cash at bank and in hand54/58€10k€4k▼
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€568k€653k▲
Equity10/15€417k€302k▼
Contributions10/11€20k€20k=
Reserves13€397k€282k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€25k€25k=
Distributable reserves133€370k€255k▼
Amounts payable17/49€151k€351k▲
Amounts payable after more than one year17-€34k
Financial debts170/4-€34k
Amounts payable within one year42/48€151k€317k▲
Current portion of amounts payable after more than one year42-€35k
Financial debts43€49k-
Credit institutions430/8€40k-
Other loans439€8k-
Trade debts44€6k€19k▲
Suppliers440/4€6k€19k▲
Taxes, remuneration and social security45€23k€35k▲
Taxes450/3€23k€35k▲
Other amounts payable47/48€74k€228k▲
Accrued charges and deferred income492/3€212-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€23k▲
Other operating charges640/8€901€987▲
Gross operating margin9900€57k€162k▲
Operating profit (loss)9901€46k€138k▲
Financial income75/76B€30k€28k▼
Recurring financial income75€30k€28k▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€73k€162k▲
Income taxes67/77€22k€49k▲
Profit (loss) for the period9904€51k€113k▲
Profit (loss) for the period to be appropriated9905€51k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€113k▲
Transfer from equity791/2€74k€228k▲
Transfer to equity691/2€51k€113k▲
To other reserves6921€51k€113k▲
Profit to be distributed694/7€74k€228k▲
Return on contributions (dividend)694€74k€228k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €45k ▼39.6%
Net result drops to €45k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €121k ▲65.3%
Operating result €152k, net result €121k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2018
05-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
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.
Directors · office · real estate
Directors
4 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, Kortemark · 1 establishment unit since 1995
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.
Stationsstraat 48610 KortemarkGround area
631 m²
Building footprint
170 m²
Volume, LiDAR
1,447 m³
Parcel 32011C0487/00B000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SYSTEM TECHNOLOGIES en LIGHTS UP
since 19952.073.543.363
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011C0487/00B000 | Flanders | 631 m² | 1 · 170 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Resus Industries
BE 0543.946.009
Brugge · Eq €304k
CABLI
BE 0465.600.493
Duffel · Eq €291k
ANNITÉ
BE 0457.466.945
Kapellen · Eq €261k
QUALITY ASSEMBLIES
BE 0465.215.463
Harelbeke · Eq €249k
QUIST Legato
BE 0860.924.290
Temse · Eq €371k
Of 249 companies in sector 26110 we hold annual accounts for 182. 105 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
26110Manufacture of computer, electronic and optical products
46643Wholesale of electrical equipment, including installation materials
70200Business and other management consultancy
77399Renting and leasing of other machinery, equipment and tangible goods
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.