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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
System and Development from Watermaal-Bosvoorde, company number BE0446529206, closed financial year 2025 with a result of € 419 after tax. For that financial year System and Development recorded revenue of € 46,000 and equity of € 22,273. Compared with financial year 2024, the result moved from € -8,613 to € 419. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 20, 2026.
€ 22,273
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 419
▲ still € 8,613 loss in 2024
Profit after tax over the fiscal year.
€ 689
▲ € 560 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -324,778.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 37,209
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 90,487
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 31,775 | € 46,000 | ▲ 45% |
| Gross margin | € 6,539 | € 9,053 | € -623 | € 11,059 | ▲ € 11,682 |
| Profit after taxes | € -2,588 | € -94,106 | € -8,613 | € 419 | ▲ € 9,032 |
| Equity | € 124,573 | € 30,466 | € 21,854 | € 22,273 | ▲ 2% |
| Total debts | € 52,563 | € 145,979 | € 154,500 | € 153,421 | ▼ 1% |
| Cash | € 999 | € 166 | € 129 | € 689 | ▲ € 560 |
| Land & buildings | € 175,004 | € 175,004 | € 175,004 | € 175,004 | |
| Retained profit | € -222,478 | € -316,585 | € -325,197 | € -324,778 | |
| Balance sheet total | € 177,136 | € 176,445 | € 176,354 | € 175,694 |
Key figures of System and Development, 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 System and Development?
What happened at System and Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 419. filed late Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,588 loss in 2022 to € 419 profit in 2025.
Paid € 3,424 in corporate taxes since 2022.
Best year ever: 2025, with € 419 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Wolvindreef 9
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.529.206
- VAT number
- BE 0446.529.206
- Registered office
- Wolvindreef 9, 1170 Watermaal-Bosvoorde
- Names & denominations
- System and Development · S & D
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 January 1992
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen