System and Development
0446.529.206 · rovalta.com · 21/09/2026
ACTIVE
System and Development
Financial year 2025 · closed on 31/12/2025
Net result
419,1 €
+104.9% YoY
Revenue
46 k €
+44.8% YoY
Equity
22,3 k €
+1.9% YoY
Overview
What does System and Development do?
System and Development is a Public limited company incorporated in 1992. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Watermael-Boitsfort.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0446.529.206
Incorporation
29/01/1992
Legal form
Public limited company
Registered office
Drève de La Louve 9
1170 Watermael-Boitsfort · BruxellesSee on map
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
347 050,93 €
Latest accounts
31/12/2025
Activities (NACE)
Signals
ProfitablePositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Revenue | 46 k € | +44.8% | 31,8 k € | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||||||||
| EBITDA | 4 k € | +149% | -8,2 k € | +91.2% | -93,9 k € | -4503% | -2 k € | +77.9% | -9,2 k € | -2.6% | -9 k € | -717% | -1,1 k € | +43.8% | -2 k € | -154% | 3,6 k € | +126% | -14,1 k € | -10206% | 139,7 € | -85.1% | 940,2 € | -35.6% | 1,5 k € | -10.1% | 1,6 k € | +52.3% | 1,1 k € | -9.6% | 1,2 k € | -31.0% | 1,7 k € | +951% | 162,7 € | +127% | -593 € | -125% | 2,4 k € |
| Operating result | 4 k € | +149% | -8,2 k € | +91.2% | -93,9 k € | -4503% | -2 k € | +78.1% | -9,3 k € | +0.2% | -9,3 k € | -549% | -1,4 k € | +37.4% | -2,3 k € | -170% | 3,3 k € | +123% | -14,4 k € | -10388% | 139,7 € | -85.1% | 940,2 € | -35.6% | 1,5 k € | -10.1% | 1,6 k € | +52.3% | 1,1 k € | -9.6% | 1,2 k € | -31.0% | 1,7 k € | +951% | 162,7 € | +102% | -9,9 k € | -42.7% | -7 k € |
| Net result | 419,1 € | +105% | -8,6 k € | +90.8% | -94,1 k € | -3536% | -2,6 k € | +72.8% | -9,5 k € | +65.1% | -27,3 k € | -1389% | -1,8 k € | +27.0% | -2,5 k € | -180% | 3,1 k € | +122% | -14,4 k € | -68190% | 21,1 € | -97.1% | 739 € | +788% | -107,4 € | -111% | 938,3 € | +144% | 385,2 € | -28.5% | 538,5 € | -50.9% | 1,1 k € | +385% | -384,6 € | +96.3% | -10,5 k € | -39.2% | -7,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 22,3 k € | +1.9% | 21,9 k € | -28.3% | 30,5 k € | -75.5% | 124,6 k € | -2.0% | 127,2 k € | -7.0% | 136,7 k € | -16.6% | 164 k € | -1.1% | 165,8 k € | -1.5% | 168,3 k € | +1.9% | 165,2 k € | -8.0% | 179,6 k € | +0.0% | 179,5 k € | +0.4% | 178,8 k € | -0.1% | 178,9 k € | +0.5% | 178 k € | +0.2% | 177,6 k € | +0.3% | 177 k € | +0.6% | 176 k € | -0.2% | 176,3 k € | -5.6% | 186,8 k € |
| Total assets | 175,7 k € | -0.4% | 176,4 k € | -0.1% | 176,4 k € | -0.4% | 177,1 k € | -0.5% | 178 k € | -12.1% | 202,5 k € | +14.7% | 176,6 k € | -0.2% | 176,9 k € | -0.3% | 177,4 k € | -4.5% | 185,8 k € | +3.5% | 179,6 k € | -1.6% | 182,5 k € | +0.1% | 182,3 k € | +0.1% | 182,1 k € | +2.3% | 178 k € | -1.4% | 180,5 k € | +0.3% | 180 k € | +2.0% | 176,4 k € | +0.1% | 176,3 k € | -6.8% | 189,2 k € |
| Cash | 689,1 € | +434% | 129 € | -22.5% | 166,5 € | -83.3% | 998,6 € | -51.4% | 2,1 k € | -92.3% | 26,6 k € | +8715% | 301,7 € | -5.0% | 317,7 € | +109% | 152,2 € | -77.4% | 672,3 € | +20.5% | 557,9 € | -77.2% | 2,5 k € | -42.9% | 4,3 k € | +40.1% | 3,1 k € | +217% | 966,8 € | -6.6% | 1 k € | -79.1% | 4,9 k € | +244% | 1,4 k € | +8.0% | 1,3 k € | -72.4% | 4,8 k € |
| Debts | 153,4 k € | +1.1% | 151,8 k € | +4.3% | 145,5 k € | +177% | 52,6 k € | +3.3% | 50,9 k € | -22.8% | 65,8 k € | +424% | 12,6 k € | +13.7% | 11,1 k € | +21.7% | 9,1 k € | -56.0% | 20,7 k € | – | 2,9 k € | -16.6% | 3,5 k € | +10.7% | 3,2 k € | – | 3 k € | +1.6% | 2,9 k € | +492% | 491 € | – | 2,3 k € | ||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2024 · 1 active · 11 ended
Active mandates
CHRISTIANE BERTIN
ActiveEnded mandates
Christiane Bertin
EndedEric Becker
EndedChristiane Bertin
EndedEric Becker
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0446.952.541 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Abridged 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 | 20/08/2026 | 29/08/2025 | 13/11/2024 | 30/07/2023 | 31/08/2022 | 30/07/2021 |
| General meeting | 31/07/2026 | 18/06/2025 | 06/11/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 31/07/2026 | 20/08/2026 | French | |
| Micro model | 31/12/2024 | 18/06/2025 | 29/08/2025 | French | |
| Abridged model | 31/12/2023 | 06/11/2024 | 13/11/2024 | French | |
| Micro model | 31/12/2022 | 30/06/2023 | 30/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/06/2022 | 31/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 30/06/2021 | 30/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 08/09/2020 | 07/10/2020 | Dutch | |
| Abridged model | 31/12/2018 | 30/06/2019 | 30/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 30/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 21/06/2017 | 18/07/2017 | Dutch | |
| Abridged model | 31/03/2016 | 07/09/2016 | 07/10/2016 | Dutch | |
| Abridged model | 31/03/2015 | 02/09/2015 | 16/09/2015 | Dutch | |
| Abridged model | 31/03/2014 | 03/09/2014 | 30/09/2014 | Dutch | |
| Abridged model | 31/03/2013 | 04/09/2013 | 20/09/2013 | Dutch | |
| Abridged model | 31/03/2012 | 05/09/2012 | 11/09/2012 | Dutch | |
| Abridged model | 31/03/2011 | 07/09/2011 | 08/09/2011 | Dutch | |
| Abridged model | 31/03/2010 | 01/09/2010 | 02/09/2010 | Dutch | |
| Abridged model | 31/03/2009 | 23/09/2009 | 12/10/2009 | Dutch | |
| Abridged model | 31/03/2008 | 03/09/2008 | 19/09/2008 | Dutch | |
| Abridged model | 31/03/2007 | 26/09/2007 | 25/10/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 0 € and 100 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 1 active · 11 ended
Active mandates
CHRISTIANE BERTIN
ActiveEnded mandates
Christiane Bertin
EndedEric Becker
EndedChristiane Bertin
EndedEric Becker
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025419,1 €↑
- 2024Annual accounts 2024-8,6 k €↑
- 2023Annual accounts 2023-94,1 k €↓
- 2023Name changeSystem and Development
- 2022Annual accounts 2022-2,6 k €↑
- 2021Annual accounts 2021-9,5 k €↑
- 2021Name changeSystem & Development
- 2020Annual accounts 2020-27,3 k €↓
- 2019Annual accounts 2019-1,8 k €↑
- 2018Annual accounts 2018-2,5 k €↓
- 2017Annual accounts 20173,1 k €↑
- 2016Annual accounts 2016-14,4 k €↓
- 2016Annual accounts 201621,1 €↓
- 2015Annual accounts 2015739 €↑
- 2014Annual accounts 2014-107,4 €↓
- 2013Annual accounts 2013938,3 €↑
- 2012Annual accounts 2012385,2 €↓
- 2011Annual accounts 2011538,5 €↓
- 2010Annual accounts 20101,1 k €↑
- 2009Annual accounts 2009-384,6 €↑
- 2008Annual accounts 2008-10,5 k €↓
- 2007Annual accounts 2007-7,5 k €
- 29/01/1992IncorporationPublic limited company