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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Tight liquidity NBB
Cash and receivables cover 39 % 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
SISTEMA from Waterloo, company number BE0742727119, closed financial year 2025 with a result of € 29,161 after tax. For that financial year SISTEMA recorded a gross margin of € 31,146 and equity of € -59,529. Compared with financial year 2024, the result moved from € -21,398 to € 29,161. Profitable, and profit is growing. 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 August 7, 2026.
€ -59,529
▲ € 29,161 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 29,161
▲ still € 21,398 loss in 2024
Profit after tax over the fiscal year.
€ 1,320
▲ 21% 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 € -62,529.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,542
▲ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,237 | € 10,186 | € -14,956 | € 31,146 | ▲ € 46,102 |
| Profit after taxes | € 5,378 | € -6,671 | € -21,398 | € 29,161 | ▲ € 50,560 |
| Equity | € -60,621 | € -67,292 | € -88,691 | € -59,529 | ▲ € 29,161 |
| Total debts | € 102,546 | € 117,274 | € 97,697 | € 97,241 | |
| Cash | € 8,445 | € 2,827 | € 1,089 | € 1,320 | ▲ 21% |
| Retained profit | € -63,621 | € -70,292 | € -91,691 | € -62,529 | ▲ € 29,161 |
| Balance sheet total | € 41,925 | € 49,982 | € 9,007 | € 37,712 | ▲ € 28,705 |
Key figures of SISTEMA, 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 SISTEMA?
What happened at SISTEMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 29,161. filed late Source: NBB ↗
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,378 profit in 2022 to € 29,161 profit in 2025.
Best year ever: 2025, with € 29,161 profit.
Management
Behind SISTEMA is Nicolas Frings. Nicolas Frings is also behind BEVEBE, NYCO, BBW and GENERAL LAUNDRY BELGIUM.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Drève Richelle 118
1410 Waterloo
Avenue Albert 1er 46
5000 Namur
Active since 30 January 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0742.727.119
- VAT number
- BE 0742.727.119
- Registered office
- Drève Richelle 118, 1410 Waterloo
- Names & denominations
- SISTEMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2020
- Peppol
- Not registered
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Activiteiten van syndici van onroerend goed
Schatten en evalueren van onroerend goed voor een vast bedrag of op contractbasis