ACTIVE

sistem

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Financial year 2025 · closed on 31/12/2025
Net result
192,5 k €
+125.0% YoY
Gross margin
883,7 k €
+45.8% YoY
Equity
704,4 k €
+21.2% YoY
Workforce
5,3 ETP
+12.8% YoY

What does sistem do?

sistem is a Public limited company incorporated in 2011. Its main activity is: Joinery installation. Its registered office is in Aalter. It employs on average 5,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0842.130.739
Incorporation
22/12/2011
Legal form
Public limited company
Registered office
Zuidleiestraat 6
9880 Aalter · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
5,3 ETP
Activities (NACE)
43320Joinery installation· main43320Joinery installation16230Manufacture of other builders' carpentry and joinery16230Manufacture of other builders' carpentry and joinery41101Development of building projects43410Specialised construction activities+8
Joint committees (5)
  • 124
  • 1260
  • 12624
  • 200
  • 218
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212018201720162015201420132012
Income statement
Gross margin883,7 k €606,3 k €716,7 k €637,7 k €580,3 k €345 k €426,2 k €409,6 k €286,2 k €226,9 k €127,3 k €92,2 k €
EBITDA501,5 k €302,3 k €425,5 k €306,9 k €253,3 k €71,7 k €169 k €206,5 k €144,8 k €141,1 k €101,4 k €88,3 k €
Operating result299,3 k €145,2 k €275,8 k €166,1 k €102,7 k €-40,4 k €42,4 k €124,5 k €72,6 k €98,9 k €65,9 k €44,8 k €
Net result192,5 k €85,6 k €163,9 k €111,8 k €71,5 k €-61,5 k €12,6 k €67,5 k €38,8 k €58,1 k €42,2 k €27,7 k €
Balance sheet
Equity704,4 k €581,3 k €559,8 k €448,3 k €364,1 k €105,1 k €166,7 k €166,7 k €127,2 k €116,4 k €86,3 k €46,3 k €
Total assets2,3 M €1,9 M €1,9 M €1,9 M €1,7 M €1,1 M €1,3 M €688,6 k €524,9 k €377,3 k €295,1 k €253 k €
Cash208,6 k €159,4 k €251,4 k €97,7 k €62,9 k €4,3 k €39,1 k €138,4 k €49,4 k €140,6 k €42 k €19,8 k €
Debts1,5 M €1,3 M €1,3 M €1,4 M €1,4 M €1 M €1,1 M €521,9 k €397,7 k €260,9 k €208,8 k €206,6 k €
Other
Workforce5,3 ETP4,7 ETP4,7 ETP5,8 ETP6,0 ETP5,2 ETP5,7 ETP4,3 ETP3,0 ETP1,9 ETP1,0 ETP0,4 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 31/12/2025 · 2 active · 9 ended

Active mandates

Frederik Saey

Director · since 22 juin 2022 · until 22 juin 2028

Active
Pieterjan Saey

Director · since 22 juin 2022 · until 22 juin 2028

Active

Ended mandates

Frederik Saey

Director · since 29 juin 2022

Ended
Pieterjan Saey

Director · since 29 juin 2022

Ended
Frderik SAEY

Manager

Ended
Frederik Saey

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date09/06/202601/07/202515/04/202423/02/202307/11/202207/06/2021
General meeting06/06/202607/06/202515/04/202407/02/202304/06/202205/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202506/06/202609/06/2026DutchPDF
Abridged model31/12/202407/06/202501/07/2025DutchPDF
Abridged model31/12/202315/04/202415/04/2024DutchPDF
Abridged model31/12/202207/02/202323/02/2023DutchPDF
Abridged model31/12/202104/06/202207/11/2022DutchPDF
Abridged model31/12/202005/06/202107/06/2021DutchPDF
Abridged model31/12/201919/02/202021/02/2020DutchPDF
Abridged model31/12/201801/06/201928/06/2019DutchPDF
Abridged model31/12/201702/06/201806/07/2018DutchPDF
Abridged model31/12/201603/06/201723/06/2017DutchPDF
Abridged model31/12/201504/06/201618/06/2016DutchPDF
Abridged model31/12/201406/06/201514/06/2015DutchPDF
Abridged model31/12/201307/06/201409/06/2014DutchPDF
Abridged model31/12/201201/06/201319/06/2013DutchPDF
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 · 9 ended

Active mandates

Frederik Saey

Director · since 22 juin 2022 · until 22 juin 2028

Active
Pieterjan Saey

Director · since 22 juin 2022 · until 22 juin 2028

Active

Ended mandates

Frederik Saey

Director · since 29 juin 2022

Ended
Pieterjan Saey

Director · since 29 juin 2022

Ended
Frderik SAEY

Manager

Ended
Frederik Saey

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/07/2022
    WIJZIGING RECHTSVORM - BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/02/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - DOEL
    PDF
  • Registered office21/08/2020
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office12/04/2016
    BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares15/05/2012
    KAPITAAL - AANDELEN
    PDF
  • Other06/01/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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. 2025
    Annual accounts 2025192,5 k €↑
  2. 2024
    Annual accounts 202485,6 k €↓
  3. 2023
    Annual accounts 2023163,9 k €↑
  4. 2022
    Annual accounts 2022111,8 k €↑
  5. 2022
    Name changesistem
  6. 2021
    Annual accounts 202171,5 k €↑
  7. 2021
    Name changeSaai
  8. 2018
    Annual accounts 2018-61,5 k €↓
  9. 2017
    Annual accounts 201712,6 k €↓
  10. 2016
    Annual accounts 201667,5 k €↑
  11. 2015
    Annual accounts 201538,8 k €↓
  12. 2014
    Annual accounts 201458,1 k €↑
  13. 2013
    Annual accounts 201342,2 k €↑
  14. 2012
    Annual accounts 201227,7 k €
  15. 22/12/2011
    IncorporationPublic limited company