ACTIVE

SYSTEM EDSTRÖM BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-62,9 k €+50,9 %over 1 year

Gross margin430,2 k €-0,3 %over 1 year

Equity722,6 k €+278,6 %over 1 year

Workforce6,2 ETP-21,5 %over 1 year

Identity

Source · BCE/KBO

SYSTEM EDSTRÖM BELGIUM is a Private limited company incorporated in 2004. Its main activity is: Manufacture of electric lighting equipment. Its registered office is in Ranst. It employs on average 6,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0865.589.396
Incorporation: 03/06/2004
Legal form: Private limited company
Registered office: Kromstraat 52
2520 Ranst · FlandreSee on map
Contributed capital: 1 243 271,00 €
Latest accounts: 31/12/2025
Average workforce: 6,2 ETP

Activities (NACE)

27402Manufacture of electric lighting equipment· main 27402Manufacture of electric lighting equipment 45204Maintenance and repair of motor vehicles 74142Specialised design activities 95314Repair of computers and personal and household goods 45201Maintenance and repair of motor vehicles+11

Joint committees (4)

149
14901
200
2000

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	430,2 k €	-0.3%	431,3 k €	+99.0%	216,7 k €	+15.9%	186,9 k €	-52.8%	396 k €
EBITDA	29,6 k €	+207%	-27,6 k €	+77.0%	-119,9 k €	-310%	-29,2 k €	-151%	57,8 k €
Operating result	-46,6 k €	+58.3%	-111,6 k €	+43.7%	-198,4 k €	-71.1%	-115,9 k €	-818%	-12,6 k €
Net result	-62,9 k €	+50.9%	-128,2 k €	+40.8%	-216,5 k €	-63.3%	-132,6 k €	-516%	-21,5 k €
Balance sheet
Equity	722,6 k €	+279%	190,8 k €	-40.2%	319,1 k €	-40.4%	535,5 k €	+1306%	38,1 k €
Total assets	1,9 M €	+58.2%	1,2 M €	-6.9%	1,3 M €	-15.8%	1,6 M €	+38.7%	1,1 M €
Cash	721,5 k €	+1200%	55,5 k €	-78.2%	255 k €	-53.9%	552,7 k €	+813%	60,6 k €
Debts	1,2 M €	+17.5%	1 M €	+6.8%	955,9 k €	-3.1%	986,7 k €	-8.6%	1,1 M €
Other
Workforce	6,2 ETP	-21.5%	7,9 ETP	+58.0%	5,0 ETP	-18.0%	6,1 ETP	-25.6%	8,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Raphaël BRUNEEL	Directorsince 17/11/2022Manager2019 accountsended
Steffen Karlsson	Directorsince 17/11/2022

Ended mandates

Director	Mandates in this company	Period
Werner Beerens	Manager2008 accounts

Full financial information

Source · NBB

	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	29/05/2026	07/07/2025	03/05/2024	10/05/2023	29/07/2022	29/07/2021
General meeting	30/04/2026	19/05/2025	25/04/2024	30/03/2023	28/04/2022	29/04/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/04/2026	29/05/2026	Dutch	PDF
Abridged model	31/12/2024	19/05/2025	07/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/04/2024	03/05/2024	Dutch	PDF
Abridged model	31/12/2022	30/03/2023	10/05/2023	Dutch	PDF
Abridged model	31/12/2021	28/04/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	29/04/2021	29/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/04/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	25/04/2019	25/06/2019	Dutch	PDF
Abridged model	31/12/2017	26/04/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	27/04/2017	17/07/2017	Dutch	PDF
Abridged model	31/12/2015	28/04/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/04/2015	25/08/2015	Dutch	PDF
Abridged model	31/12/2013	24/04/2014	21/10/2014	Dutch	PDF
Abridged model	31/12/2012	25/04/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	26/04/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/04/2011	22/07/2011	Dutch	PDF
Abridged model	31/12/2009	29/04/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	30/04/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/04/2008	19/08/2008	Dutch	PDF
Abridged model	31/12/2006	27/06/2007	18/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period
Raphaël BRUNEEL	Directorsince 17/11/2022Manager2019 accountsended
Steffen Karlsson	Directorsince 17/11/2022

Ended mandates

Director	Mandates in this company	Period
Werner Beerens	Manager2008 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other22/01/2026
DIVERSEN
PDF
Other14/03/2023
BENAMING - DIVERSEN
PDF
Mandates24/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office30/04/2012
Verplaatsing maatschappelijke zetel
PDF
Mandates20/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2010
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2009
Ontslag zaakvoerder
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Steffen Karlsson

Raphaël BRUNEEL

Werner Beerens

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

SYSTEM EDSTRÖM BELGIUM

Kromstraat 52, 2520 Ranst

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Kromstraat 52, 2520 RanstCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00133175

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
SYSTEM EDSTRÖM BELGIUMCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00133175
BRU Systems	accounts 2021	Accounts 2021 · 2022-20263615

Events

2025
Annual accounts 2025-62,9 k €↑
2024
Annual accounts 2024-128,2 k €↑
2023
Annual accounts 2023-216,5 k €↓
2022
Annual accounts 2022-132,6 k €↓
2022
Name changeSYSTEM EDSTRÖM BELGIUM
2021
Annual accounts 2021-21,5 k €↓
2020
Annual accounts 2020466,3 €↑
2019
Annual accounts 2019-12 k €↓
2018
Annual accounts 20186,6 k €↑
2017
Annual accounts 20171 k €↓
2016
Annual accounts 201612,5 k €↓
2015
Annual accounts 201522,6 k €↑
2014
Annual accounts 201411,8 k €↑
2013
Annual accounts 2013-23,3 k €↑
2012
Annual accounts 2012-24,3 k €↓
2011
Annual accounts 2011695,7 €↓
2010
Annual accounts 201011,7 k €↑
2009
Annual accounts 2009-18,2 k €↓
2008
Annual accounts 200816,1 k €↓
2007
Annual accounts 200732,5 k €↑
2006
Annual accounts 2006-2,6 k €
03/06/2004
IncorporationPrivate limited company

SYSTEM EDSTRÖM BELGIUM

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events