ACTIVE

RES SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

69,9 k €

+169.1% YoY

Gross margin

99,7 k €

+5.6% YoY

Equity

1,4 M €

+5.3% YoY

Workforce

0,0 ETP

What does RES SYSTEMS do?

RES SYSTEMS is a Private limited company incorporated in 2003. Its main activity is: Agents involved in the sale of a variety of goods. Its registered office is in Keerbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.937.455

Incorporation

08/10/2003

Legal form

Private limited company

Registered office

Oudstrijderslaan 48 box 1.1
3140 Keerbergen · FlandreSee on map

Contributed capital

131 050,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

46190Agents involved in the sale of a variety of goods· main 46190Agents involved in the sale of a variety of goods 51190Passenger air transport 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding 67130Autres auxiliaires financiers

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	99,7 k €	+5.6%	94,4 k €	-2.6%	96,9 k €	-18.0%	118,1 k €	-18.4%	144,7 k €	+1.1%	143 k €	-1.9%	145,8 k €	-37.9%	234,8 k €	+93.0%	121,6 k €	+20.4%	101 k €	-4.1%	105,3 k €	+80.1%	58,5 k €	+537%	9,2 k €	-81.6%	49,8 k €	-39.2%	82 k €	-62.8%	220,3 k €	+192%	75,4 k €	-12.7%	86,4 k €	+30.0%	66,5 k €	-47.0%	125,3 k €
EBITDA	98,6 k €	+9.2%	90,3 k €	-6.2%	96,3 k €	+2.1%	94,3 k €	-26.8%	128,8 k €	+7.0%	120,3 k €	+23.8%	97,2 k €	-58.1%	231,9 k €	+97.9%	117,2 k €	+22.3%	95,8 k €	-5.4%	101,3 k €	+92.3%	52,7 k €	+632%	7,2 k €	-84.7%	47,2 k €	-39.9%	78,6 k €	-63.3%	214,1 k €	+191%	73,5 k €	-13.6%	85,1 k €	+29.0%	66 k €	-46.4%	123,1 k €
Operating result	88,9 k €	+189%	-100,3 k €	+37.8%	-161,4 k €	+7.9%	-175,2 k €	-23.3%	-142,1 k €	+6.0%	-151,3 k €	-6269%	2,5 k €	-98.8%	200,8 k €	+105%	98,2 k €	+29.2%	76 k €	-11.7%	86,1 k €	+111%	40,8 k €	+669%	-7,2 k €	-184%	8,5 k €	-62.4%	22,6 k €	-76.5%	96,4 k €	+5605%	1,7 k €	+114%	-12 k €	+62.2%	-31,7 k €	-324%	14,1 k €
Net result	69,9 k €	+169%	-101,2 k €	+38.1%	-163,4 k €	+8.1%	-177,9 k €	-24.3%	-143,1 k €	+6.3%	-152,7 k €	-51532%	-295,8 €	-100%	1,7 M €	+1832%	89,6 k €	+79.9%	49,8 k €	-21.1%	63,1 k €	+38.7%	45,5 k €	+586%	6,6 k €	-10.4%	7,4 k €	-55.1%	16,5 k €	-80.2%	83,2 k €	+2368%	-3,7 k €	+82.4%	-20,9 k €	+52.6%	-44,1 k €	-1075%	4,5 k €
Balance sheet
Equity	1,4 M €	+5.3%	1,3 M €	-7.1%	1,4 M €	-10.3%	1,6 M €	-10.1%	1,8 M €	-7.5%	1,9 M €	-7.4%	2,1 M €	-0.0%	2,1 M €	+525%	329,9 k €	+19.4%	276,3 k €	+5.4%	262,3 k €	+31.7%	199,1 k €	+8.4%	183,6 k €	+3.7%	177 k €	+4.4%	169,6 k €	+10.8%	153,1 k €	+119%	70 k €	-5.0%	73,6 k €	-22.1%	94,5 k €	-31.8%	138,6 k €
Total assets	1,5 M €	+4.2%	1,4 M €	-8.3%	1,6 M €	-9.5%	1,7 M €	-16.9%	2,1 M €	-3.1%	2,1 M €	-10.3%	2,4 M €	+1.9%	2,3 M €	+104%	1,1 M €	+30.0%	878,9 k €	+20.1%	732,1 k €	+29.4%	565,7 k €	+27.0%	445,5 k €	+28.2%	347,5 k €	+38.6%	250,8 k €	-21.3%	318,7 k €	-15.3%	376 k €	+0.7%	373,6 k €	-11.0%	419,6 k €	-14.6%	491,1 k €
Cash	321,5 k €	+747762%	43 €	-77.9%	194,4 €	+221%	60,6 €	-63.0%	163,5 €	+173%	60 €	-100.0%	527,7 k €	+64.3%	321,2 k €	+30984%	1 k €	+69.6%	609,2 €	-20.8%	769 €	-82.0%	4,3 k €	+1852%	218,8 €	-99.8%	93,1 k €	-42.3%	161,4 k €	-18.4%	197,9 k €	+85216%	231,9 €	-77.4%	1 k €	-97.7%	44,1 k €	+34345%	128,2 €
Debts	91,4 k €	-9.4%	100,9 k €	-21.0%	127,7 k €	+0.9%	126,5 k €	-57.5%	297,8 k €	+34.6%	221,2 k €	-29.3%	312,9 k €	+16.9%	267,7 k €	-67.1%	812,4 k €	+34.8%	602,6 k €	+28.3%	469,8 k €	+28.2%	366,5 k €	+40.0%	261,8 k €	+53.6%	170,5 k €	+110%	81,2 k €	-48.6%	158 k €	-47.2%	299,1 k €	-0.3%	300 k €	-7.7%	325,1 k €	+13.2%	287,2 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 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 · 1 active · 16 ended

Active mandates

Walther Smets

Director · since 27 décembre 2023

Active

Ended mandates

WALTHER SMETS

Administrator - manager · since 27 décembre 2023

Ended

WALTHER SMETS

Director · since 01 avril 2022

Ended

WALTHER SMETS

Administrator - manager · since 01 avril 2022

Ended

Rose Marie Van Wauwe

Manager · since 17 décembre 2014

Ended

At this address

Other companies at this address

Company	CBE no.
ADMIN LEUVEN● Active	0877.665.797
RES● Active	0456.589.985
RES GROEP● Active	0675.957.366
ROBIS● Active	0824.917.692

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/06/2026	03/07/2025	18/07/2024	18/07/2023	28/06/2022	20/07/2021
General meeting	05/06/2026	06/06/2025	28/06/2024	30/06/2023	03/06/2022	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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	18/07/2023	Dutch	PDF
Abridged model	31/12/2021	03/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	08/07/2016	Dutch	PDF
Abridged modelCorrection	31/12/2014	30/06/2015	22/10/2015	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	12/07/2011	Dutch	PDF
Abridged model	30/06/2009	17/12/2009	14/01/2010	Dutch	PDF
Abridged model	30/06/2008	30/12/2008	05/02/2009	Dutch	PDF
Abridged model	30/06/2007	28/12/2007	29/05/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	25/04/2007	Dutch	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 31/12/2025 · 1 active · 16 ended

Active mandates

Walther Smets

Director · since 27 décembre 2023

Active

Ended mandates

WALTHER SMETS

Administrator - manager · since 27 décembre 2023

Ended

WALTHER SMETS

Director · since 01 avril 2022

Ended

WALTHER SMETS

Administrator - manager · since 01 avril 2022

Ended

Rose Marie Van Wauwe

Manager · since 17 décembre 2014

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2026
Ontslag bestuurder - benoeming bestuurders
PDF
Registered office09/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other08/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Registered office02/09/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/12/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates18/01/2016
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 202569,9 k €↑
2024
Annual accounts 2024-101,2 k €↑
2023
Annual accounts 2023-163,4 k €↑
2022
Annual accounts 2022-177,9 k €↓
2021
Annual accounts 2021-143,1 k €↑
2020
Annual accounts 2020-152,7 k €↓
2019
Annual accounts 2019-295,8 €↓
2018
Annual accounts 20181,7 M €↑
2017
Annual accounts 201789,6 k €↑
2016
Annual accounts 201649,8 k €↓
2015
Annual accounts 201563,1 k €↑
2014
Annual accounts 201445,5 k €↑
2013
Annual accounts 20136,6 k €↓
2012
Annual accounts 20127,4 k €↓
2011
Annual accounts 201116,5 k €↓
2010
Annual accounts 201083,2 k €↑
2010
Name changeRES Systems
2009
Annual accounts 2009-3,7 k €↑
2008
Annual accounts 2008-20,9 k €↑
2007
Annual accounts 2007-44,1 k €↓
2006
Annual accounts 20064,5 k €
2006
Name changeWALTH
08/10/2003
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

RES SYSTEMS

Overview

What does RES SYSTEMS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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