Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Business Systems and Software Research from Gent, company number BE0420595859, closed financial year 2025 with a result of € -1,327 after tax. For that financial year Business Systems and Software Research recorded a gross margin of € -1,162 and equity of € -46,535. Compared with financial year 2024, the result moved from € -2,974 to € -1,327. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ -46,535
▼ € 1,327 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1,327
▲ 55 % less loss than in 2024
Profit after tax over the fiscal year.
€ 202
▲ 131% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -65,127.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 7,437
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,002 | € -971 | € -2,810 | € -1,162 | ▲ € 1,647 |
| Profit after taxes | € -1,221 | € -1,151 | € -2,974 | € -1,327 | ▲ € 1,647 |
| Equity | € -41,083 | € -42,234 | € -45,208 | € -46,535 | ▼ € 1,327 |
| Total debts | € 41,147 | € 42,296 | € 45,296 | € 46,738 | ▲ 3% |
| Cash | € 63 | € 62 | € 88 | € 202 | ▲ 131% |
| Retained profit | € -59,675 | € -60,826 | € -63,800 | € -65,127 | ▼ € 1,327 |
| Bank debt | € 7,437 | € 7,437 | € 7,437 | € 7,437 | |
| Balance sheet total | € 63 | € 62 | € 88 | € 202 | ▲ 131% |
Key figures of Business Systems and Software Research, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Business Systems and Software Research?
What happened at Business Systems and Software Research in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1,327. Source: NBB ↗
- David GESQUIERE became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,221 loss in 2022 to € 1,327 loss in 2025.
Management
Behind Business Systems and Software Research is David GESQUIERE.
Directors
According to the 2025 annual accounts
David GESQUIERE
Director
since 2013
Establishments
Establishment units
Physical locations of this company
Koersenstraat 34
9000 Gent
Citadellaan 101
9000 Gent
Active since 19 July 1980
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0420.595.859
- VAT number
- BE 0420.595.859
- Registered office
- Koersenstraat 34, 9000 Gent
- Names & denominations
- Business Systems and Software Research · B.S.S.R.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 July 1980
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
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