Financials
Financial year 2025
Systemworks from Destelbergen, company number BE0871705049, closed financial year 2025 with a result of € 38,902 after tax. For that financial year Systemworks recorded a gross margin of € 76,204 and equity of € 278,573. Compared with financial year 2024, the result moved from € 44,295 to € 38,902. The company is profitable. 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 22, 2026.
€ 278,573
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,902
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 82,100
▲ 14% 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 € 203,073.
People and assets in 2025
€ 4,287
▲ 22% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 117,783
▼ 17% vs 2024
€ 25,076 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1,684
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,740
▼ 33% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 58,844 | € 95,571 | € 81,934 | € 76,204 | ▼ 7% |
| Profit after taxes | € 24,019 | € 46,049 | € 44,295 | € 38,902 | ▼ 12% |
| Equity | € 211,665 | € 208,210 | € 239,670 | € 278,573 | ▲ 16% |
| Total debts | € 221,460 | € 246,997 | € 197,408 | € 160,028 | ▼ 19% |
| Cash | € 49,032 | € 74,516 | € 71,907 | € 82,100 | ▲ 14% |
| Land & buildings | € 349,404 | € 339,339 | € 328,433 | € 317,526 | ▼ 3% |
| Retained profit | € 136,165 | € 132,710 | € 164,170 | € 203,073 | ▲ 24% |
| Dividend | € 0 | € 49,505 | € 12,834 | € 0 | ▼ 100% |
| Bank debt | € 192,860 | € 165,959 | € 142,175 | € 117,783 | ▼ 17% |
| Balance sheet total | € 433,126 | € 455,207 | € 437,078 | € 438,601 |
Key figures of Systemworks, 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 Systemworks?
What happened at Systemworks in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 38,902 (▼ 12% vs 2024). Source: NBB ↗
- New establishment in Destelbergen. KBO
- Start of the company according to the CBE. KBO
- Pieter Degraeuwe became a director. NBB
In short
From € 24,019 profit in 2022 to € 38,902 profit in 2025.
Paid € 66,394 in corporate taxes since 2022.
Best year ever: 2023, with € 46,049 profit.
Paid out € 62,339 in dividends to the owners in total.
Management
Behind Systemworks is Pieter Degraeuwe.
Directors
According to the 2025 annual accounts
Pieter Degraeuwe
Director
since 2005
Establishments
Establishment units
Physical locations of this company
Belgiëlaan 61
9070 Destelbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0871.705.049
- VAT number
- BE 0871.705.049
- Registered office
- Belgiëlaan 61, 9070 Destelbergen
- Names & denominations
- Systemworks
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2005
- Peppol
- Active · Active since 22 Jul 2025
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