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 43 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
LISAM SYSTEMS from Ecaussinnes, company number BE0466618795, closed financial year 2025 with a result of € 2.8 million after tax. For that financial year LISAM SYSTEMS recorded revenue of € 21.2 million and equity of € 146.5 million. Compared with financial year 2024, the result moved from € 1.8 million to € 2.8 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 146.5 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.8 million
▲ 54% vs 2024
Profit after tax over the fiscal year.
€ 339,753
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 600,000 paid out
22 % of the profit went to the shareholders, mostly to Lisam EHS Software SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
85.3
▲ 5.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.7 million
▲ 3% vs 2024
€ 79,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.1 million
▲ 23% vs 2024
Of which on lease € 438,028.
Debts at end 2025
€ 17.9 million
▼ 4% vs 2024
€ 1.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 2.4 million
▲ 62% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 765,795
▼ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,129,913 | € 15,077,338 | € 18,718,563 | € 21,166,928 | ▲ 13% |
| Profit after taxes | € 2,535,579 | € 2,828,084 | € 1,806,082 | € 2,779,813 | ▲ 54% |
| Equity | € 38,342,391 | € 138,691,113 | € 145,976,811 | € 146,490,137 | |
| Total debts | € 14,745,322 | € 18,390,010 | € 23,152,662 | € 23,553,417 | ▲ 2% |
| Cash | € 256,123 | € 537,616 | € 551,398 | € 339,753 | ▼ 38% |
| Retained profit | € 10,135,975 | € 12,964,059 | € 14,170,141 | € 16,349,954 | ▲ 15% |
| Dividend | € 0 | € 0 | € 600,000 | € 600,000 | |
| Bank debt | € 9,814,370 | € 12,938,044 | € 18,588,676 | € 17,868,119 | ▼ 4% |
| Balance sheet total | € 53,087,713 | € 157,081,123 | € 169,129,473 | € 170,043,555 | ▲ 1% |
| Employees (FTE) | 60.3 | 73.9 | 79.4 | 85.3 | ▲ 5.9 |
Key figures of LISAM SYSTEMS, 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 LISAM SYSTEMS?
What happened at LISAM SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Elodie HEMBERG stepped down as director. NBB
- Pol-Henry BONTE stepped down as director. NBB
- IT SPIN OFF SA stepped down as director. NBB
- Thierry LEVINTOFF stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.8 million (▲ 54% vs 2024). Source: NBB ↗
- New establishment in Mons. KBO
- New establishment in Liège. KBO
- New establishment in Nivelles. KBO
In short
From € 2.5 million profit in 2022 to € 2.8 million profit in 2025.
Paid € 33,134 in corporate taxes since 2022.
Best year ever: 2023, with € 2.8 million profit.
Paid out € 1.2 million in dividends to the owners in total.
Management
The shares are held by Lisam EHS Software SA (100%). It owns 100% of LISAM TELEGIS SARL, 100% of LISAM SYSTEMS LTD, 100% of LISAM ITALY SRL, 100% of LISAM.CLOUD, 100% of LISAM SYSTEMS SRL and 100% of LISAM SYSTEMS KOREA CO LTD itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2027
since 2021 · until 2027
Managing director · represented by Michel HEMBERG
since 2021 · until 2027
Thierry LEVINTOFF
Director
Owns 27.2% via Lisam EHS Software SA
Also active at: EURODYE-CTC, FMTE, MEGABYTE CONSULTING, GESPAC, HYDRO ECOLO METEO MANAGEMENT INFORMATION SYSTEMS, DECISION ENGINEERING, HIGH TECHNOLOGY SYSTEMS Assembly, COGEN REAL ESTATE & BUSINESS SERVICES +5 more
since 2021 · until 2027
Shareholders
Lisam EHS Software SA · holding of Thierry LEVINTOFF
100%
Participations
LISAM TELEGIS SARL
100%
LISAM SYSTEMS LTD
100%
LISAM ITALY SRL
100%
100%
LISAM SYSTEMS SRL
100%
LISAM SYSTEMS KOREA CO LTD
100%
LISAM AUSTRALIA PTY LTD
100%
LISAM SYSTEMS DEUTSCHLAND
100%
LISAM AMERICA INC
100%
LISAM SYSTEMS INDIA PVT LTD
99%
LISAM TECH (BEIJING) CO
96%
LISAM YAZILIM LIMITED SIRKETI
90%
LISAM IBERIA
90%
LISAM SOUTH AFRICA
85%
LISAM NEDERLAND
80%
LISAM ECOADVISORS SYSTEMS
66%
Establishments
Establishment units
Physical locations of this company
Boulevard de la Sennette 42 box A
7190 Ecaussinnes
Rue Jean Jaurès 5
7190 Ecaussinnes
Active since 24 August 1999
Otegemstraat(Z) 100
8550 Zwevegem
Active since 1 May 2014
Rue de France 1
4280 Hannut
Active since 1 February 2017
Rue du Bosquet 8
1400 Nivelles
Active since 4 April 2023
Rue de la Grande Triperie 21
7000 Mons
Active since 30 March 2026
Rue Chéri 40
4000 Liège
Active since 19 May 2025
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
- 0466.618.795
- VAT number
- BE 0466.618.795
- Registered office
- Boulevard de la Sennette 42 bus A, 7190 Ecaussinnes
- Names & denominations
- LISAM SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 1999
- Peppol
- Active · Active since 8 Sept 2025
- Activities · NACE
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