ACTIVE

SUSIN SYSTEM

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Financial year 2024 · closed on 31/12/2024

Net result

46,2 k €

+68.9% YoY

Gross margin

731,1 k €

+18.5% YoY

Equity

447,4 k €

+11.5% YoY

Workforce

10,2 ETP

-9.7% YoY

What does SUSIN SYSTEM do?

SUSIN SYSTEM is a Private limited company incorporated in 2010. Its registered office is in Stoumont. It employs on average 10,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0832.210.015

Incorporation

26/12/2010

Legal form

Private limited company

Registered office

Rahier 11
4987 Stoumont · WallonieSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2024

Average workforce

10,2 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	731,1 k €	+18.5%	617,1 k €	-20.4%	775,5 k €	+43.3%	541,2 k €	+35.4%	399,6 k €	-5.8%	424,4 k €	-16.3%	507,2 k €	-0.8%	511,4 k €	+60.5%	318,6 k €	+189%	110,2 k €	+67212%	-164,3 €	+92.1%	-2,1 k €	-211%	1,9 k €	-32.1%	2,8 k €
EBITDA	188,6 k €	+132%	81,3 k €	-67.1%	246,9 k €	+123%	110,9 k €	+159%	42,9 k €	+290%	-22,6 k €	-130%	76 k €	-48.6%	147,8 k €	+43.0%	103,3 k €	+111%	48,9 k €	+9647%	-511,8 €	+93.0%	-7,3 k €	-626%	1,4 k €	-39.0%	2,3 k €
Operating result	71,8 k €	+65.9%	43,3 k €	-79.8%	214 k €	+159%	82,7 k €	+512%	13,5 k €	+123%	-58 k €	-267%	34,8 k €	-68.1%	109,1 k €	+20.2%	90,7 k €	+127%	39,9 k €	+7894%	-511,8 €	+93.0%	-7,3 k €	-257%	-2 k €	-127%	-897 €
Net result	46,2 k €	+68.9%	27,3 k €	-83.4%	164,3 k €	+149%	66,1 k €	+834%	7,1 k €	+111%	-65 k €	-333%	27,9 k €	-67.8%	86,7 k €	+6.1%	81,8 k €	+178%	29,4 k €	+5795%	-516,2 €	+93.0%	-7,3 k €	-290%	-1,9 k €	-78.0%	-1,1 k €
Balance sheet
Equity	447,4 k €	+11.5%	401,2 k €	+7.3%	373,9 k €	+78.4%	209,6 k €	+46.1%	143,5 k €	+5.2%	136,4 k €	-32.3%	201,4 k €	+10.6%	182,1 k €	+90.9%	95,4 k €	+263%	26,3 k €	+1515%	1,6 k €	-24.1%	2,1 k €	-77.4%	9,5 k €	-16.5%	11,3 k €
Total assets	1 M €	-1.4%	1 M €	+8.3%	941,9 k €	+11.2%	847,2 k €	+18.1%	717,6 k €	+2.5%	700,1 k €	-22.5%	903,4 k €	+10.5%	817,7 k €	+136%	346,9 k €	+92.8%	180 k €	+9351%	1,9 k €	-47.2%	3,6 k €	-75.6%	14,8 k €	-81.0%	77,7 k €
Cash	115 k €	-32.5%	170,3 k €	-4.1%	177,6 k €	-8.9%	195,1 k €	+159%	75,4 k €	+42.8%	52,8 k €	-12.4%	60,3 k €	-52.0%	125,5 k €	+13.9%	110,2 k €	+548%	17 k €	+2201%	739,5 €	-70.6%	2,5 k €	+163%	955,9 €	+152%	379 €
Debts	557,6 k €	-9.9%	619,1 k €	+9.0%	568 k €	-10.9%	637,6 k €	+11.0%	574,1 k €	+1.9%	563,7 k €	-19.7%	701,9 k €	+10.5%	635,5 k €	+204%	209 k €	+36.4%	153,2 k €	+55114%	277,4 €	-81.1%	1,5 k €	-72.5%	5,3 k €	-44.0%	9,5 k €
Other
Workforce	10,2 ETP	-9.7%	11,3 ETP	-0.9%	11,4 ETP	+12.9%	10,1 ETP	-1.0%	10,2 ETP	-4.7%	10,7 ETP	+9.2%	9,8 ETP		–		–		1,2 ETP		–		–		–		–

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 31/12/2024 · 1 active · 3 ended

Active mandates

Didier VANHEES

Director

Active

Ended mandates

Didier VANHEES

Manager

Ended

RUGGERO SUSIN

Mandate

Ended

RUGGERO SUSIN

Manager

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	08/01/2025	26/10/2023	20/11/2022	30/08/2021	30/12/2020
General meeting	27/06/2025	28/06/2024	02/05/2023	02/05/2022	03/05/2021	04/05/2020
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	31/12/2024	27/06/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	08/01/2025	French	PDF
Abridged model	31/12/2022	02/05/2023	26/10/2023	French	PDF
Abridged model	31/12/2021	02/05/2022	20/11/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	04/05/2020	30/12/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	31/08/2019	French	PDF
Micro model	31/12/2017	30/06/2018	08/12/2018	French	PDF
Micro model	31/12/2016	30/06/2017	11/01/2018	French	PDF
Abridged model	31/12/2015	02/05/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	30/04/2015	04/08/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	19/08/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	01/08/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	21/08/2012	French	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 31/12/2024 · 1 active · 3 ended

Active mandates

Didier VANHEES

Director

Active

Ended mandates

Didier VANHEES

Manager

Ended

RUGGERO SUSIN

Mandate

Ended

RUGGERO SUSIN

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/09/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office13/05/2019
SIEGE SOCIAL
PDF
Mandates12/05/2015
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other29/12/2010
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2024
Annual accounts 202446,2 k €↑
2023
Annual accounts 202327,3 k €↓
2022
Annual accounts 2022164,3 k €↑
2021
Annual accounts 202166,1 k €↑
2020
Annual accounts 20207,1 k €↑
2019
Annual accounts 2019-65 k €↓
2018
Annual accounts 201827,9 k €↓
2017
Annual accounts 201786,7 k €↑
2016
Annual accounts 201681,8 k €↑
2015
Annual accounts 201529,4 k €↑
2014
Annual accounts 2014-516,2 €↑
2013
Annual accounts 2013-7,3 k €↓
2012
Annual accounts 2012-1,9 k €↓
2011
Annual accounts 2011-1,1 k €
26/12/2010
IncorporationPrivate 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

SUSIN SYSTEM

Overview

What does SUSIN SYSTEM do?

Trend over 14 financial years

Indicative valuation

Board of directors

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