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 42 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
sistem from Aalter, company number BE0842130739, closed financial year 2025 with a result of € 192,515 after tax. For that financial year sistem recorded a gross margin of € 883,689 and equity of € 704,355. Compared with financial year 2024, the result moved from € 85,552 to € 192,515. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 704,355
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 192,515
▲ 125% vs 2024
Profit after tax over the fiscal year.
€ 208,604
▲ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 69,437 paid out
36 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
5.3
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 363,794
▲ 31% vs 2024
€ 68,600 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.
€ 288,747
▼ 19% vs 2024
Of which on lease € 241,282.
Debts at end 2025
€ 1.3 million
▲ 18% vs 2024
€ 150,589 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 176,462
▲ 18% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,068
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 637,733 | € 716,708 | € 606,303 | € 883,689 | ▲ 46% |
| Profit after taxes | € 111,832 | € 163,864 | € 85,552 | € 192,515 | ▲ 125% |
| Equity | € 448,266 | € 559,824 | € 581,276 | € 704,355 | ▲ 21% |
| Total debts | € 1,423,369 | € 1,331,080 | € 1,325,330 | € 1,546,389 | ▲ 17% |
| Cash | € 97,653 | € 251,367 | € 159,382 | € 208,604 | ▲ 31% |
| Land & buildings | € 1,094,147 | € 1,031,454 | € 1,043,294 | € 960,373 | ▼ 8% |
| Retained profit | € 386,766 | € 498,324 | € 519,776 | € 642,855 | ▲ 24% |
| Dividend | € 27,714 | € 52,306 | € 64,100 | € 69,437 | ▲ 8% |
| Bank debt | € 1,176,429 | € 1,103,331 | € 1,067,398 | € 1,262,523 | ▲ 18% |
| Balance sheet total | € 1,871,635 | € 1,890,904 | € 1,906,606 | € 2,250,743 | ▲ 18% |
| Employees (FTE) | 5.8 | 4.7 | 4.7 | 5.3 | ▲ 0.6 |
Key figures of sistem, 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 sistem?
What happened at sistem in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frederik Saey stepped down as director. NBB
- Pieterjan Saey stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 192,515 (▲ 125% vs 2024). Source: NBB ↗
- Frederik Saey became a director. NBB
- Pieterjan Saey became a director. NBB
- New establishment in Aalter. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,832 profit in 2022 to € 192,515 profit in 2025.
Paid € 176,660 in corporate taxes since 2022.
Best year ever: 2025, with € 192,515 profit.
On average € 166,700 of value added per employee in 2025.
A new publication or filing at sistem? We notify you, reason included.
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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
Management
Directors
According to the 2025 annual accounts
Frederik Saey
Director
since 2022 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Zuidleiestraat 6
9880 Aalter
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
ONECOM, DK
Website info
Features
Security
Network
Details
- Company number
- 0842.130.739
- VAT number
- BE 0842.130.739
- Registered office
- Zuidleiestraat 6, 9880 Aalter
- Names & denominations
- sistem
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2011
- Peppol
- Active · Active since 27 Mar 2026
- Contact
- sistem.be
- Activities · NACE
Schrijnwerk
Vervaardiging van ander schrijn- en timmerwerk
Dakwerkzaamheden
Verhuur en lease van andere huishoudelijke of persoonlijke artikelen, neg
Activiteiten van interieurarchitecten
Ontwikkeling van residentiële bouwprojecten
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Verhuur en lease van andere consumentenartikelen, n.e.g.