NORMAL SITUATION

SYSTEM D

Financial year 2021 · closed on 31/12/2021
Net result
109 k €
+1956.5% YoY
Gross margin
127,4 k €
+9851.2% YoY
Equity
73,2 k €
+304.8% YoY

Company — Normal situation.

What does SYSTEM D do?

SYSTEM D is a company registered in Belgium.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0462.800.064
Legal form
Private limited company
Contributed capital
17 415,74 €
Latest accounts
31/12/2021
Joint committees (3)
  • 100
  • 124
  • 218
Signals
ProfitableSolid equityPositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin127,4 k €1,3 k €-5,2 k €-3,7 k €5,2 k €26,8 k €20,7 k €23 k €24,6 k €7,1 k €28,4 k €39,9 k €60,4 k €60,1 k €82,2 k €56,4 k €
EBITDA125,8 k €1,2 k €-5,2 k €-4,6 k €4,5 k €25,8 k €20 k €20,8 k €23 k €-10,5 k €27,2 k €26,5 k €30,7 k €34,1 k €62,9 k €47 k €
Operating result125,7 k €-3,2 k €-11 k €-10,4 k €-1,6 k €17,6 k €10,9 k €9,6 k €12 k €-23,1 k €16,6 k €17,3 k €8,3 k €4,7 k €29,4 k €22,4 k €
Net result109 k €-5,9 k €-14,8 k €-12,7 k €-5,1 k €7,7 k €866 €-1,5 k €13,8 k €-32,2 k €1,5 k €11 k €-3,1 k €-10,7 k €14,6 k €4,9 k €
Balance sheet
Equity73,2 k €-35,8 k €-29,9 k €-15,1 k €-2,3 k €2,8 k €-4,9 k €-5,8 k €-4,3 k €-18,1 k €14,1 k €5,1 k €-5,9 k €-2,8 k €7,9 k €-6,7 k €
Total assets73,2 k €70,2 k €75,1 k €82,1 k €92,1 k €111,8 k €115,8 k €114,5 k €139 k €166 k €169,5 k €166,4 k €166 k €217,9 k €236,6 k €165 k €
Cash1,4 k €5,3 k €6,6 k €228,6 €293,9 €437,7 €95,6 €19 k €40,3 k €
Debts106 k €105 k €97,2 k €94,4 k €109,1 k €120,7 k €120,3 k €143,3 k €184,1 k €155,3 k €161,3 k €171,9 k €220,7 k €228,7 k €171,7 k €
Other
Workforce0,1 ETP0,3 ETP0,6 ETP0,6 ETP0,3 ETP
Governance

Board of directors

Seen on filing of 31/12/2021 · 1 active · 10 ended

Active mandates

SOULAIMANE BUNTINX

Mandate

Active

Ended mandates

Majid LAHMINE

Manager · since 03 octobre 2019 · until 30 octobre 2020

Ended
Soulaimane BUNTINX

Manager · since 12 janvier 2016

Ended
Yacine ENNAMIR

Manager · since 21 mai 2013 · until 12 janvier 2016

Ended
Yacine ENNAMIR

Manager · since 21 mai 2013 · until 02 juin 2017

Ended
Annual accounts

Full financial information

202120202019201820172016
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202101/01/202001/01/201901/01/201801/01/201701/01/2016
Closing of the financial year31/12/202131/12/202031/12/201931/12/201831/12/201731/12/2016
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/11/202226/07/202127/11/202027/09/201914/11/201805/09/2017
General meeting25/11/202230/06/202127/11/202030/06/201915/10/201830/06/2017
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

24 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202125/11/202230/11/2022FrenchPDF
Micro model31/12/202030/06/202126/07/2021FrenchPDF
Micro model31/12/201927/11/202027/11/2020FrenchPDF
Micro model31/12/201830/06/201927/09/2019FrenchPDF
Micro model31/12/201715/10/201814/11/2018FrenchPDF
Micro model31/12/201630/06/201705/09/2017FrenchPDF
Abridged model31/12/201529/05/201602/10/2016FrenchPDF
Abridged model31/12/201429/05/201522/12/2015FrenchPDF
Abridged model31/12/201330/05/201417/10/2014FrenchPDF
Abridged model31/12/201229/06/201309/08/2013FrenchPDF
Abridged model31/12/201130/06/201217/07/2012FrenchPDF
Abridged model31/12/201030/06/201130/08/2011FrenchPDF
Abridged model31/12/200930/06/201013/07/2010FrenchPDF
Abridged model31/12/200830/06/200920/08/2009FrenchPDF
Abridged model31/12/200731/07/200826/08/2008FrenchPDF
Abridged model31/12/200631/05/200729/06/2007FrenchPDF
Abridged model31/12/200530/06/200620/07/2006FrenchPDF
Abridged model31/12/200408/09/200526/09/2005FrenchPDF
Abridged model31/12/200328/05/200415/07/2004FrenchPDF
Abridged model31/12/200230/05/200331/07/2003FrenchPDF
Abridged model31/12/200126/08/200230/09/2002FrenchPDF
Abridged model31/12/200030/05/200124/09/2001FrenchPDF
Abridged model31/12/199931/05/200005/09/2000FrenchPDF
Abridged model31/12/199831/05/199929/07/1999FrenchPDF
Estimate

Indicative valuation

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 31/12/2021 · 1 active · 10 ended

Active mandates

SOULAIMANE BUNTINX

Mandate

Active

Ended mandates

Majid LAHMINE

Manager · since 03 octobre 2019 · until 30 octobre 2020

Ended
Soulaimane BUNTINX

Manager · since 12 janvier 2016

Ended
Yacine ENNAMIR

Manager · since 21 mai 2013 · until 12 janvier 2016

Ended
Yacine ENNAMIR

Manager · since 21 mai 2013 · until 02 juin 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution26/06/2023
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...)
    PDF
  • Mandates19/02/2021
    ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office05/11/2019
    MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates28/10/2019
    SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/01/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/05/2013
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
    PDF
  • Registered office19/04/2012
    SIEGE SOCIAL
    PDF
  • Mandates18/06/2010
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2021
    Annual accounts 2021109 k €
  2. 2020
    Annual accounts 2020-5,9 k €
  3. 2019
    Annual accounts 2019-14,8 k €
  4. 2018
    Annual accounts 2018-12,7 k €
  5. 2017
    Annual accounts 2017-5,1 k €
  6. 2016
    Annual accounts 20167,7 k €
  7. 2015
    Annual accounts 2015866 €
  8. 2014
    Annual accounts 2014-1,5 k €
  9. 2013
    Annual accounts 201313,8 k €
  10. 2012
    Annual accounts 2012-32,2 k €
  11. 2011
    Annual accounts 20111,5 k €
  12. 2010
    Annual accounts 201011 k €
  13. 2009
    Annual accounts 2009-3,1 k €
  14. 2008
    Annual accounts 2008-10,7 k €
  15. 2007
    Annual accounts 200714,6 k €
  16. 2006
    Annual accounts 20064,9 k €