Systemworks
0871.705.049 · rovalta.com · 21/09/2026
ACTIVE
Systemworks
Financial year 2025 · closed on 31/12/2025
Net result
38,9 k €
-12.2% YoY
Gross margin
76,2 k €
-7.0% YoY
Equity
278,6 k €
+16.2% YoY
Overview
What does Systemworks do?
Systemworks is a Private limited company incorporated in 2005. Its registered office is in Destelbergen.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0871.705.049
Incorporation
04/02/2005
Legal form
Private limited company
Registered office
Belgiëlaan 61
9070 Destelbergen · FlandreSee on map
9070 Destelbergen · FlandreSee on map
Contributed capital
75 500,00 €
Latest accounts
31/12/2025
Joint committees (2)
- 100
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 76,2 k € | -7.0% | 81,9 k € | -14.3% | 95,6 k € | +62.4% | 58,8 k € | +13.4% | 51,9 k € | -11.2% | 58,5 k € | +20.5% | 48,5 k € | +51.1% | 32,1 k € | +28.7% | 24,9 k € | -47.4% | 47,4 k € | +31.3% | 36,1 k € | -5.9% | 38,3 k € | +45.8% | 26,3 k € | -57.4% | 61,7 k € | +12.4% | 54,9 k € | -8.9% | 60,2 k € | +83.1% | 32,9 k € | +15.4% | 28,5 k € | +15.3% | 24,7 k € | -61.5% | 64,2 k € |
| EBITDA | 73 k € | -7.4% | 78,9 k € | -14.9% | 92,7 k € | +64.6% | 56,3 k € | +13.3% | 49,7 k € | -11.4% | 56,1 k € | +21.2% | 46,3 k € | +57.6% | 29,4 k € | +36.2% | 21,6 k € | -52.2% | 45,2 k € | +33.5% | 33,8 k € | -10.2% | 37,7 k € | +47.8% | 25,5 k € | -58.3% | 61 k € | +12.6% | 54,2 k € | -9.1% | 59,6 k € | +86.6% | 31,9 k € | +116% | 14,8 k € | -38.6% | 24,1 k € | -61.4% | 62,5 k € |
| Operating result | 59,1 k € | -10.4% | 66 k € | -10.8% | 74 k € | +89.0% | 39,2 k € | +19.9% | 32,7 k € | -15.5% | 38,7 k € | +34.1% | 28,8 k € | +120% | 13,1 k € | +130% | 5,7 k € | -67.6% | 17,6 k € | +15.8% | 15,2 k € | -6.5% | 16,2 k € | -25.7% | 21,8 k € | -62.2% | 57,8 k € | +13.3% | 51 k € | -8.1% | 55,5 k € | +163% | 21,1 k € | +106% | 10,2 k € | -46.8% | 19,2 k € | -58.3% | 46 k € |
| Net result | 38,9 k € | -12.2% | 44,3 k € | -3.8% | 46 k € | +91.7% | 24 k € | +40.4% | 17,1 k € | -22.3% | 22 k € | +45.1% | 15,2 k € | +306% | 3,7 k € | +220% | -3,1 k € | -156% | 5,6 k € | +88.9% | 3 k € | -28.4% | 4,1 k € | -80.7% | 21,4 k € | -47.7% | 41 k € | +15.1% | 35,6 k € | -4.4% | 37,2 k € | +83.2% | 20,3 k € | +1651% | 1,2 k € | -92.1% | 14,7 k € | -53.4% | 31,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 278,6 k € | +16.2% | 239,7 k € | +15.1% | 208,2 k € | -1.6% | 211,7 k € | +12.8% | 187,6 k € | +10.0% | 170,5 k € | +14.8% | 148,5 k € | +11.4% | 133,3 k € | +2.9% | 129,6 k € | -2.3% | 132,7 k € | +4.4% | 127,1 k € | +2.4% | 124,2 k € | +3.4% | 120 k € | -5.0% | 126,3 k € | +48.0% | 85,4 k € | +71.5% | 49,8 k € | +296% | 12,6 k € | -76.6% | 53,6 k € | +2.2% | 52,5 k € | +38.9% | 37,8 k € |
| Total assets | 438,6 k € | +0.3% | 437,1 k € | -4.0% | 455,2 k € | +5.1% | 433,1 k € | -1.9% | 441,5 k € | -1.6% | 448,7 k € | -0.9% | 452,7 k € | +5.8% | 427,8 k € | -1.7% | 435,3 k € | -7.9% | 472,8 k € | -7.7% | 512 k € | +68.3% | 304,2 k € | +81.9% | 167,2 k € | +4.7% | 159,7 k € | +26.6% | 126,1 k € | +28.0% | 98,5 k € | -3.0% | 101,5 k € | +27.4% | 79,7 k € | -11.9% | 90,5 k € | +20.3% | 75,2 k € |
| Cash | 82,1 k € | +14.2% | 71,9 k € | -3.5% | 74,5 k € | +52.0% | 49 k € | -9.4% | 54,1 k € | +13.5% | 47,7 k € | +51.0% | 31,6 k € | +29.9% | 24,3 k € | +95.4% | 12,4 k € | -44.7% | 22,5 k € | -17.6% | 27,3 k € | -57.8% | 64,7 k € | -46.3% | 120,5 k € | +2.7% | 117,3 k € | +18.1% | 99,4 k € | +42.8% | 69,6 k € | +8.8% | 64 k € | +20.6% | 53 k € | +337% | 12,1 k € | -73.0% | 44,9 k € |
| Debts | 159,1 k € | -18.6% | 195,5 k € | -20.3% | 245,1 k € | +11.2% | 220,5 k € | -12.9% | 253,2 k € | -8.4% | 276,5 k € | -8.9% | 303,4 k € | +3.1% | 294,3 k € | -3.6% | 305,5 k € | -10.1% | 339,6 k € | -11.6% | 384,2 k € | +114% | 179,4 k € | +280% | 47,2 k € | +41.6% | 33,3 k € | -18.2% | 40,8 k € | -16.4% | 48,7 k € | -45.2% | 89 k € | +253% | 25,2 k € | -33.3% | 37,8 k € | +1.0% | 37,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | 0,3 ETP | – | – | |||||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Pieter Degraeuwe
ActiveEnded mandates
Pieter Degraeuwe
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 22/07/2026 | 01/07/2025 | 05/06/2024 | 08/06/2023 | 16/06/2022 | 23/07/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 31/05/2024 | 26/05/2023 | 30/05/2022 | 28/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 30/06/2026 | 22/07/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 01/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 31/05/2024 | 05/06/2024 | Dutch | |
| Micro model | 31/12/2022 | 26/05/2023 | 08/06/2023 | Dutch | |
| Micro model | 31/12/2021 | 30/05/2022 | 16/06/2022 | Dutch | |
| Micro model | 31/12/2020 | 28/06/2021 | 23/07/2021 | Dutch | |
| Micro model | 31/12/2019 | 30/06/2020 | 06/07/2020 | Dutch | |
| Micro model | 31/12/2018 | 30/06/2019 | 09/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 25/05/2018 | 02/08/2018 | Dutch | |
| Micro model | 31/12/2016 | 30/06/2017 | 27/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 24/06/2016 | 07/07/2016 | Dutch | |
| Abridged model | 31/12/2014 | 29/05/2015 | 14/09/2015 | Dutch | |
| Abridged model | 31/12/2013 | 02/05/2014 | 02/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 03/06/2013 | 26/06/2013 | Dutch | |
| Abridged model | 31/12/2011 | 04/05/2012 | 31/05/2012 | Dutch | |
| Abridged model | 31/12/2010 | 06/05/2011 | 27/05/2011 | Dutch | |
| Abridged model | 31/12/2009 | 07/06/2010 | 02/07/2010 | Dutch | |
| Abridged model | 31/12/2008 | 29/05/2009 | 03/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 30/05/2008 | 17/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 25/05/2007 | 21/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 k€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 1 ended
Active mandates
Pieter Degraeuwe
ActiveEnded mandates
Pieter Degraeuwe
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202538,9 k €↓
- 2024Annual accounts 202444,3 k €↓
- 2023Annual accounts 202346 k €↑
- 2022Annual accounts 202224 k €↑
- 2021Annual accounts 202117,1 k €↓
- 2020Annual accounts 202022 k €↑
- 2019Annual accounts 201915,2 k €↑
- 2018Annual accounts 20183,7 k €↑
- 2017Annual accounts 2017-3,1 k €↓
- 2016Annual accounts 20165,6 k €↑
- 2015Annual accounts 20153 k €↓
- 2014Annual accounts 20144,1 k €↓
- 2013Annual accounts 201321,4 k €↓
- 2012Annual accounts 201241 k €↑
- 2011Annual accounts 201135,6 k €↓
- 2010Annual accounts 201037,2 k €↑
- 2009Annual accounts 200920,3 k €↑
- 2008Annual accounts 20081,2 k €↓
- 2007Annual accounts 200714,7 k €↓
- 2006Annual accounts 200631,6 k €
- 04/02/2005IncorporationPrivate limited company