A³ SYSTEM
ActiveSummary
A³ SYSTEM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16,658 and a net result of -€4,650. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 17% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-21
Solvency44▼-16
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.84 in 2023; short-term debt: 29.8% and cash: 0.3% of total assets), and 81% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19%
Return on assets
-5.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
35 d late
2022
31 d late
2021
74 d late
2020
96 d late
2019
150 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 75 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€16,658▼ 21.8%
2023 · €21,308
Total assets
€87,852▲ 42.8%
2023 · €61,517
Net result
-€4,650
2023 · €7,245
Working capital
-€7,091▼ 7.3%
2023 · -€6,606
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,548▲ 129%€4,529▲ 77.7%-€17,555€11,070-€1,373
Net result-€132▼ 27.3%€1,474-€19,037€7,245-€4,650
Equity€25,826▼ 0.5%€27,300▲ 5.7%€8,263▼ 69.7%€21,308▲ 158%€16,658▼ 21.8%
Total assets€64,145▲ 25.7%€63,819▼ 0.5%€66,497▲ 4.2%€61,517▼ 7.5%€87,852▲ 42.8%
Debt€38,319▲ 53.0%€36,519▼ 4.7%€58,233▲ 59.5%€40,209▼ 31.0%€71,194▲ 77.1%
Working capital€532▼ 97.1%€6,997▲ 1,214%-€21,080-€6,606▲ 68.7%-€7,091▼ 7.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1,373 after €11,070 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87,852
Fixed assets
€68,749 ▲ 146%
Current assets
€19,103 ▼ 43.1%
Equity and liabilities €87,852
Equity
€16,658 ▼ 21.8%
Debt
€71,194 ▲ 77.1%
Debt's share of the balance-sheet total rises from 65.4% to 81.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,077▼
2023 · €20,406
Cash flow
€4,800▼
2023 · €16,581
Current ratio
0.73▼
2023 · 0.84
Debt to equity
4.27▲
2023 · 1.89
ROE
-27.9%▼
2023 · 34.0%
ROA
-5.3%▼
2023 · 11.8%
Interest coverage
8.27▼
2023 · 25.29
Debt ≤ 1 year
€26,194▼
2023 · €40,209
Debt > 1 year
€45,000
Income taxes
€2,309▼
2023 · €3,024
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,588 | €6,294 | €8,086 | €9,336 | €9,450 | ▲ 1.2% |
| Other operating charges640/8 | - | €4,977 | €19,050 | €864 | €1,226 | ▲ 41.9% |
| Non-recurring operating charges66A | - | - | - | €5,318 | - | - |
| Gross operating margin9900 | €8,136 | €15,800 | €9,582 | €26,588 | €9,303 | ▼ 65.0% |
| Operating profit (loss)9901 | €2,548 | €4,529 | -€17,555 | €11,070 | -€1,373 | ▼ 112% |
| Financial income75/76B | - | - | - | €6 | €9 | ▲ 49.5% |
| Recurring financial income75 | €0 | - | - | €6 | €9 | ▲ 49.5% |
| Financial charges65/66B | - | €670 | €788 | €807 | €977 | ▲ 21.1% |
| Recurring financial charges65 | €812 | €670 | €688 | €807 | €977 | ▲ 21.1% |
| Non-recurring financial charges66B | - | - | €100 | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,736 | €3,859 | -€18,343 | €10,269 | -€2,341 | ▼ 123% |
| Income taxes67/77 | €1,868 | €2,385 | €694 | €3,024 | €2,309 | ▼ 23.6% |
| Profit (loss) for the period9904 | -€132 | €1,474 | -€19,037 | €7,245 | -€4,650 | ▼ 164% |
| Profit (loss) for the period to be appropriated9905 | -€132 | €1,474 | -€19,037 | €7,245 | -€4,650 | ▼ 164% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,145 | €63,819 | €66,497 | €61,517 | €87,852 | ▲ 42.8% |
| Fixed assets21/28 | €25,294 | €20,303 | €29,343 | €27,915 | €68,749 | ▲ 146% |
| Tangible fixed assets22/27 | €25,001 | €19,817 | €28,957 | €27,529 | €68,363 | ▲ 148% |
| Plant, machinery and equipment23 | - | - | €5,594 | €11,777 | €11,153 | ▼ 5.3% |
| Furniture and vehicles24 | - | €19,817 | €23,363 | €15,752 | €57,211 | ▲ 263% |
| Financial fixed assets28 | €293 | €486 | €386 | €386 | €386 | = |
| Current assets29/58 | €38,851 | €43,517 | €37,154 | €33,602 | €19,103 | ▼ 43.1% |
| Amounts receivable within one year40/41 | €35,977 | €31,027 | €19,031 | €22,165 | €10,868 | ▼ 51.0% |
| Trade receivables40 | - | €25,027 | €16,548 | €9,027 | €10,868 | ▲ 20.4% |
| Other amounts receivable41 | - | €6,000 | €2,483 | €13,138 | - | - |
| Cash at bank and in hand54/58 | €2,874 | €12,489 | €18,123 | €4,879 | €234 | ▼ 95.2% |
| Deferred charges and accrued income490/1 | - | - | - | €6,559 | €8,001 | ▲ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,145 | €63,819 | €66,497 | €61,517 | €87,852 | ▲ 42.8% |
| Equity10/15 | €25,826 | €27,300 | €8,263 | €21,308 | €16,658 | ▼ 21.8% |
| Contributions10/11 | - | €14,660 | €14,660 | €18,600 | €18,600 | = |
| Reserves13 | €5,751 | €5,751 | €5,751 | €14,811 | €14,811 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €5,751 | €5,751 | €5,751 | €5,751 | = |
| Distributable reserves133 | - | - | - | €7,200 | €7,200 | = |
| Profit (loss) carried forward14 | €5,415 | €6,889 | -€12,148 | -€12,103 | -€16,753 | ▼ 38.4% |
| Amounts payable17/49 | €38,319 | €36,519 | €58,233 | €40,209 | €71,194 | ▲ 77.1% |
| Amounts payable after more than one year17 | - | - | - | - | €45,000 | - |
| Financial debts170/4 | - | - | - | - | €45,000 | - |
| Amounts payable within one year42/48 | €38,319 | €36,519 | €58,233 | €40,209 | €26,194 | ▼ 34.9% |
| Current portion of amounts payable after more than one year42 | - | €9,358 | €13,148 | €7,681 | €3,870 | ▼ 49.6% |
| Trade debts44 | €8,852 | €3,151 | €14,374 | €10,850 | €5,842 | ▼ 46.2% |
| Suppliers440/4 | - | €3,151 | €14,374 | €10,850 | €5,842 | ▼ 46.2% |
| Taxes, remuneration and social security45 | - | €6,871 | €4,736 | €10,355 | €9,292 | ▼ 10.3% |
| Taxes450/3 | - | €6,871 | €4,736 | €10,355 | €6,338 | ▼ 38.8% |
| Remuneration and social security454/9 | - | - | - | - | €2,954 | - |
| Other amounts payable47/48 | - | €17,139 | €25,975 | €11,322 | €7,190 | ▼ 36.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€132 | €1,474 | -€19,037 | €7,245 | -€4,650 | ▼ 164% |
| + Depreciation and write-downs630 | €5,588 | €6,294 | €8,086 | €9,336 | €9,450 | ▲ 1.2% |
| Operating cash flow (approximation) | €5,456 | €7,768 | -€10,951 | €16,581 | €4,800 | ▼ 71.0% |
| Investment in fixed assets (approximation) | - | -€1,303 | -€17,126 | -€7,908 | -€50,285 | ▼ 536% |
| Change in cash | - | €9,615 | €5,633 | -€13,244 | -€4,645 | ▲ 64.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
31-12
Financial
Back to profitnet €7,245
Net result €7,245 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€19,037
Net result drops to -€19,037, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Back to profitnet €1,474
Net result €1,474 after 2 loss-making years.
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 96 days late
2020
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 150 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
05-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 66 days late
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, La Hulpe · 1 establishment unit since 2006
Ground area
699 m²
Building footprint
115 m²
Volume, LiDAR
715 m³
Parcel 25050C0190/00S002, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue du Bois Jacob 5, 1310 La Hulpe
since 20062.158.450.631
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0190/00S002 | Wallonia | 698 m² | 1 · 115 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 12,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-11-2006
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
18200Printing and reproduction of recorded media
43211General electrical installation work
46500Wholesale of information and communication equipment
62100Computer programming
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.