NORMAL SITUATION

SYSTEM SOLUTIONS BELGIUM

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Financial year 2023 · closed on 30/04/2023

Net result

56,9 k €

-43.4% YoY

Gross margin

670,5 k €

-1.8% YoY

Equity

208,3 k €

+37.6% YoY

Workforce

6,8 ETP

+4.6% YoY

Company — Normal situation.

What does SYSTEM SOLUTIONS BELGIUM do?

SYSTEM SOLUTIONS BELGIUM is a company registered in Belgium. It employs on average 6,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0824.101.310

Legal form

Public limited company

Contributed capital

61 500,00 €

Latest accounts

30/04/2023

Average workforce

6,8 ETP

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011
Income statement
Gross margin	670,5 k €	-1.8%	682,9 k €	+53.8%	444,2 k €	+39.8%	317,7 k €	-21.3%	403,6 k €	-31.8%	591,3 k €	+19.3%	495,6 k €	-15.3%	585,2 k €	+32.0%	443,2 k €	+1703%	24,6 k €	-81.9%	135,9 k €	+3035%	-4,6 k €
EBITDA	106,9 k €	-39.8%	177,6 k €	+249%	50,8 k €	-28.8%	71,5 k €	+42.6%	50,1 k €	+5.8%	47,4 k €	-23.1%	61,6 k €	-47.4%	117,1 k €	+217%	36,9 k €	+118%	-200,9 k €	-10421%	1,9 k €	+102%	-92 k €
Operating result	98,8 k €	-40.9%	167,2 k €	+343%	37,8 k €	-39.1%	62 k €	+56.7%	39,6 k €	+7.5%	36,8 k €	-39.5%	60,9 k €	-41.5%	104,1 k €	+312%	25,3 k €	+112%	-212,6 k €	-22610%	944,4 €	+101%	-93,6 k €
Net result	56,9 k €	-43.4%	100,4 k €	+707%	12,4 k €	-49.1%	24,4 k €	+149%	9,8 k €	+2192%	428 €	-97.0%	14,4 k €	-69.7%	47,5 k €	+524%	7,6 k €	+104%	-201,3 k €	-7461%	2,7 k €	+103%	-93,6 k €
Balance sheet
Equity	208,3 k €	+37.6%	151,5 k €	+197%	51 k €	+32.3%	38,6 k €	+173%	14,1 k €	+226%	4,3 k €	+10.9%	3,9 k €	+137%	-10,5 k €	+81.9%	-58 k €	+74.9%	-230,7 k €	-684%	-29,4 k €	+8.5%	-32,1 k €
Total assets	822,4 k €	-18.6%	1 M €	-6.5%	1,1 M €	-0.6%	1,1 M €	+66.7%	652,3 k €	-13.3%	752,6 k €	+58.3%	475,5 k €	-56.6%	1,1 M €	+58.0%	693,9 k €	+22.7%	565,4 k €	-43.2%	996,2 k €	+305%	245,8 k €
Cash	95,1 k €	-33.3%	142,6 k €	+374%	30,1 k €	-52.4%	63,2 k €	+523%	10,2 k €	+42204%	24 €	-99.9%	24,6 k €	+59873%	41 €	-99.9%	50,4 k €	+12.1%	45 k €	+79.9%	25 k €	-26.0%	33,8 k €
Debts	544,2 k €	-29.6%	773,1 k €	-19.3%	957,9 k €	-2.4%	981,5 k €	+66.7%	588,7 k €	-10.2%	655,2 k €	+68.8%	388,2 k €	-63.7%	1,1 M €	+53.0%	699 k €	-10.9%	784,5 k €	-23.5%	1 M €	+269%	278 k €
Other
Workforce	6,8 ETP	+4.6%	6,5 ETP	+3.2%	6,3 ETP	+53.7%	4,1 ETP	-6.8%	4,4 ETP	-40.5%	7,4 ETP	+57.4%	4,7 ETP	-19.0%	5,8 ETP	-14.7%	6,8 ETP	+106%	3,3 ETP	+26.9%	2,6 ETP	+13.0%	2,3 ETP

Governance

Board of directors

Seen on filing of 30/04/2023 · 7 active · 7 ended

Active mandates

T.T. HOLDINGS

Director · since 22 août 2023 · until 22 août 2029 · 0712.691.464

Represented by Valérie Deseyn

Active

Trustteam Group

Director · since 22 août 2023 · until 22 août 2029 · 0787.918.132

Represented by Pieter Spiesschaert

Active

Jean-Paul DE CANNIERE

Director · until 22 août 2023

Active

Peter André DE PROOST

Director · until 30 septembre 2021

Active

Robert ROUX

Managing director · until 22 août 2023

Active

T.T. HOLDINGS

Mandate · 0712.691.464

Active

Trustteam Group

Mandate · 0787.918.132

Active

Ended mandates

Jean-Paul DE CANNIERE

Director · since 11 mai 2010 · until 17 septembre 2015

Ended

Robert ROUX

Managing director · since 11 mai 2010 · until 17 septembre 2015

Ended

Jean-Paul DE CANNIERE

Director · since 12 mars 2010 · until 17 septembre 2015

Ended

Peter André DE PROOST

Director · since 12 mars 2010 · until 17 septembre 2015

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/05/2022	01/05/2021	01/05/2020	01/05/2019	01/05/2018	01/05/2017
Closing of the financial year	30/04/2023	30/04/2022	30/04/2021	30/04/2020	30/04/2019	30/04/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/02/2024	14/11/2022	30/11/2021	13/11/2020	23/10/2019	29/10/2018
General meeting	27/09/2023	15/09/2022	27/09/2021	17/09/2020	22/09/2019	21/09/2018
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/04/2023	27/09/2023	21/02/2024	French	PDF
Abridged model	30/04/2023	27/09/2023	21/12/2023	French	PDF
Abridged model	30/04/2022	15/09/2022	14/11/2022	French	PDF
Abridged model	30/04/2021	27/09/2021	30/11/2021	French	PDF
Abridged model	30/04/2020	17/09/2020	13/11/2020	French	PDF
Abridged model	30/04/2019	22/09/2019	23/10/2019	French	PDF
Abridged model	30/04/2018	21/09/2018	29/10/2018	French	PDF
Abridged model	30/04/2017	21/09/2017	27/10/2017	French	PDF
Abridged model	30/04/2016	29/09/2016	31/10/2016	French	PDF
Abridged model	30/04/2015	30/09/2015	30/10/2015	French	PDF
Abridged model	30/04/2014	04/07/2014	11/09/2014	French	PDF
Abridged model	30/04/2013	17/06/2013	09/08/2013	French	PDF
Abridged model	30/04/2012	20/09/2012	30/10/2012	French	PDF
Abridged model	30/04/2011	30/09/2011	23/12/2011	French	PDF

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 30/04/2023 · 7 active · 7 ended

Active mandates

T.T. HOLDINGS

Director · since 22 août 2023 · until 22 août 2029 · 0712.691.464

Represented by Valérie Deseyn

Active

Trustteam Group

Director · since 22 août 2023 · until 22 août 2029 · 0787.918.132

Represented by Pieter Spiesschaert

Active

Jean-Paul DE CANNIERE

Director · until 22 août 2023

Active

Peter André DE PROOST

Director · until 30 septembre 2021

Active

Robert ROUX

Managing director · until 22 août 2023

Active

T.T. HOLDINGS

Mandate · 0712.691.464

Active

Trustteam Group

Mandate · 0787.918.132

Active

Ended mandates

Jean-Paul DE CANNIERE

Director · since 11 mai 2010 · until 17 septembre 2015

Ended

Robert ROUX

Managing director · since 11 mai 2010 · until 17 septembre 2015

Ended

Jean-Paul DE CANNIERE

Director · since 12 mars 2010 · until 17 septembre 2015

Ended

Peter André DE PROOST

Director · since 12 mars 2010 · until 17 septembre 2015

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2023
Annual accounts 202356,9 k €↓
2022
Annual accounts 2022100,4 k €↑
2021
Annual accounts 202112,4 k €↓
2020
Annual accounts 202024,4 k €↑
2019
Annual accounts 20199,8 k €↑
2018
Annual accounts 2018428 €↓
2017
Annual accounts 201714,4 k €↓
2016
Annual accounts 201647,5 k €↑
2015
Annual accounts 20157,6 k €↑
2013
Annual accounts 2013-201,3 k €↓
2012
Annual accounts 20122,7 k €↑
2011
Annual accounts 2011-93,6 k €

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 SOLUTIONS BELGIUM

Overview

What does SYSTEM SOLUTIONS BELGIUM do?

Trend over 12 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline