ACTIVE

SYSTEM DEVELOPMENT AND ENGINEERING

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Financial year 2025 · closed on 31/12/2025

Net result

61,5 k €

-18.1% YoY

Gross margin

151,3 k €

-3.5% YoY

Equity

701,8 k €

+9.6% YoY

What does SYSTEM DEVELOPMENT AND ENGINEERING do?

SYSTEM DEVELOPMENT AND ENGINEERING is a Public limited company incorporated in 1989. Its main activity is: Warehousing and storage. Its registered office is in Gingelom.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0436.849.990

Incorporation

27/02/1989

Legal form

Public limited company

Registered office

Ambachtsweg 11
3890 Gingelom · FlandreSee on map

Contributed capital

83 264,39 €

Latest accounts

31/12/2025

Activities (NACE)

52100Warehousing and storage· main 52100Warehousing and storage 63122Web portals 74855Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	151,3 k €	-3.5%	156,8 k €	+118%	71,8 k €	-36.3%	112,7 k €	+45.8%	77,3 k €	-10.0%	85,9 k €	-1.3%	87,1 k €	-7.1%	93,7 k €	-0.7%	94,4 k €	+825%	10,2 k €	-13.4%	11,8 k €	+13.2%	10,4 k €	-0.0%	10,4 k €	-17.5%	12,6 k €	+46.2%	8,6 k €	-13.6%	10 k €	+34.5%	7,4 k €	+1.4%	7,3 k €	-6.5%	7,8 k €
EBITDA	123,8 k €	-5.4%	130,8 k €	+182%	46,4 k €	-36.4%	73 k €	+29.0%	56,6 k €	-13.6%	65,5 k €	-3.2%	67,7 k €	-9.6%	74,9 k €	-1.5%	76 k €	+977%	7,1 k €	-19.2%	8,7 k €	+16.3%	7,5 k €	-0.2%	7,5 k €	-24.2%	9,9 k €	+74.0%	5,7 k €	-23.8%	7,5 k €	+49.2%	5 k €	+1.4%	5 k €	-12.9%	5,7 k €
Operating result	82,3 k €	-17.1%	99,3 k €	+457%	17,8 k €	-54.5%	39,2 k €	+16.2%	33,7 k €	-22.3%	43,4 k €	+28.9%	33,7 k €	-32.1%	49,6 k €	-13.4%	57,3 k €	+3489%	1,6 k €	-51.0%	3,3 k €	+61.2%	2 k €	+0.2%	2 k €	-53.0%	4,3 k €	+3300%	126,4 €	-93.2%	1,9 k €	+281%	-1 k €	-58.0%	-650,4 €	-655%	-86,1 €
Net result	61,5 k €	-18.1%	75,1 k €	+460%	13,4 k €	-54.7%	29,6 k €	+16.3%	25,4 k €	-27.8%	35,2 k €	+33.4%	26,4 k €	-24.6%	35 k €	-8.6%	38,3 k €	+1901%	1,9 k €	-44.8%	3,5 k €	+23.9%	2,8 k €	-14.9%	3,3 k €	-32.2%	4,8 k €	+131%	2,1 k €	-49.5%	4,2 k €	+156%	1,6 k €	+125%	719,3 €	+7.1%	671,5 €
Balance sheet
Equity	701,8 k €	+9.6%	640,4 k €	+13.3%	565,3 k €	+2.4%	551,9 k €	+5.7%	522,4 k €	+5.1%	497 k €	+7.6%	461,7 k €	+6.1%	435,3 k €	+8.7%	400,3 k €	+200%	133,6 k €	+1.5%	131,7 k €	+2.7%	128,2 k €	+2.2%	125,4 k €	+2.7%	122,1 k €	+4.1%	117,3 k €	+1.8%	115,2 k €	+3.7%	111 k €	+1.5%	109,4 k €	+0.2%	109,1 k €
Total assets	820,1 k €	+8.2%	758 k €	+11.7%	678,5 k €	+1.0%	671,8 k €	+24.8%	538,3 k €	-4.3%	562,7 k €	+18.0%	476,9 k €	+7.0%	445,5 k €	+0.6%	442,9 k €	+225%	136,1 k €	-0.6%	136,9 k €	+4.2%	131,5 k €	+2.1%	128,8 k €	-2.6%	132,2 k €	+7.1%	123,5 k €	+1.3%	121,9 k €	-3.0%	125,7 k €	+3.6%	121,3 k €	+2.8%	118 k €
Cash	357,2 k €	+42.1%	251,4 k €	+52.7%	164,6 k €	+71.7%	95,9 k €	-50.7%	194,5 k €	-0.8%	196,1 k €	+35.5%	144,7 k €	+144%	59,3 k €	-72.7%	217,5 k €	+117%	100,4 k €	+6.2%	94,6 k €	+25.1%	75,6 k €	+22.0%	62 k €	+14.3%	54,2 k €	+76.0%	30,8 k €	+89.3%	16,3 k €	+32.7%	12,3 k €	+1.6%	12,1 k €	-46.9%	22,7 k €
Debts	118,2 k €	+0.5%	117,6 k €	+3.9%	113,1 k €	-4.7%	118,7 k €	+644%	16 k €	-75.7%	65,8 k €	+335%	15,1 k €	+48.9%	10,2 k €	-76.1%	42,6 k €	+1730%	2,3 k €	-50.9%	4,7 k €	+95.1%	2,4 k €	+9.6%	2,2 k €	-74.4%	8,6 k €	+95.1%	4,4 k €	-5.3%	4,7 k €	-49.9%	9,3 k €	+49.1%	6,3 k €	+6.3%	5,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Michèle Jeanine Van Hove

Managing director · since 20 décembre 2023 · until 20 décembre 2029

Active

Serge Leon Celis

Managing director · since 20 décembre 2023 · until 20 décembre 2029

Active

Ended mandates

Michèle Van Hove

Director · since 20 décembre 2023 · until 20 décembre 2029

Ended

Serge Celis

Director · since 20 décembre 2023 · until 20 décembre 2029

Ended

Michèle Jeanine Van Hove

Managing director · since 06 mai 2019 · until 06 mai 2025

Ended

Michèle Van Hove

Managing director · since 06 mai 2019 · until 06 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
MP Fleet Services● Active	0632.989.039
PENXTEN - MOMMEN● Active	0415.192.959
PENXTEN TRANSPORT SOLUTIONS● Active	0479.029.451
THE OAK - MANAGEMENT AND CONSULTANCY● Active	0441.565.774

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	26/06/2025	12/07/2024	24/05/2023	01/06/2022	28/05/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	02/05/2023	02/05/2022	03/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/05/2026	16/06/2026	Dutch	PDF
Micro model	31/12/2024	05/05/2025	26/06/2025	Dutch	PDF
Micro model	31/12/2023	06/05/2024	12/07/2024	Dutch	PDF
Micro model	31/12/2022	02/05/2023	24/05/2023	Dutch	PDF
Micro model	31/12/2021	02/05/2022	01/06/2022	Dutch	PDF
Micro model	31/12/2020	03/05/2021	28/05/2021	Dutch	PDF
Micro model	31/12/2019	04/05/2020	10/07/2020	Dutch	PDF
Micro model	31/12/2018	06/05/2019	21/05/2019	Dutch	PDF
Micro model	31/12/2017	07/05/2018	08/05/2018	Dutch	PDF
Micro model	31/12/2016	02/05/2017	22/05/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	20/07/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	13/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

Michèle Jeanine Van Hove

Managing director · since 20 décembre 2023 · until 20 décembre 2029

Active

Serge Leon Celis

Managing director · since 20 décembre 2023 · until 20 décembre 2029

Active

Ended mandates

Michèle Van Hove

Director · since 20 décembre 2023 · until 20 décembre 2029

Ended

Serge Celis

Director · since 20 décembre 2023 · until 20 décembre 2029

Ended

Michèle Jeanine Van Hove

Managing director · since 06 mai 2019 · until 06 mai 2025

Ended

Michèle Van Hove

Managing director · since 06 mai 2019 · until 06 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring09/01/2017
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring11/04/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates18/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2009
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202561,5 k €↓
2024
Annual accounts 202475,1 k €↑
2023
Annual accounts 202313,4 k €↓
2022
Annual accounts 202229,6 k €↑
2021
Annual accounts 202125,4 k €↓
2021
Name changeS.D.E.
2020
Annual accounts 202035,2 k €↑
2019
Annual accounts 201926,4 k €↓
2018
Annual accounts 201835 k €↓
2017
Annual accounts 201738,3 k €↑
2015
Annual accounts 20151,9 k €↓
2014
Annual accounts 20143,5 k €↑
2013
Annual accounts 20132,8 k €↓
2012
Annual accounts 20123,3 k €↓
2011
Annual accounts 20114,8 k €↑
2010
Annual accounts 20102,1 k €↓
2009
Annual accounts 20094,2 k €↑
2008
Annual accounts 20081,6 k €↑
2007
Annual accounts 2007719,3 €↑
2006
Annual accounts 2006671,5 €
2006
Name changeSYSTEM DEVELOPMENT AND ENGINEERING
27/02/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SYSTEM DEVELOPMENT AND ENGINEERING

Overview

What does SYSTEM DEVELOPMENT AND ENGINEERING do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline