AB MILIEUSYSTEMEN
ActiveSummary
AB MILIEUSYSTEMEN has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €624k and a net result of €91k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▼-16
Solvency86▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.23 against 3.11 in 2023; short-term debt: 30.9% and cash: 54.9% of total assets), and 39.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
60.9%
Return on assets
8.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
37 d early
2022
39 d early
2021
38 d early
2020
37 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€624k▲ 17.0%
2023 · €533k
2018: €242k
2019: €256k
2020: €304k
2021: €359k
2022: €402k
2023: €533k
2018 → 2024
Total assets
€1.02M▲ 20.4%
2023 · €850k
2018: €403k
2019: €482k
2020: €681k
2021: €836k
2022: €825k
2023: €850k
2018 → 2024
Net result
€91k▼ 30.7%
2023 · €131k
2018: €18k
2019: €15k
2020: €47k
2021: €55k
2022: €43k
2023: €131k
2018 → 2024
Working capital
€707k▲ 22.5%
2023 · €577k
2018: €319k
2019: €326k
2020: €349k
2021: €405k
2022: €474k
2023: €577k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€304k-€359k▲ 18.1%€402k▲ 12.1%€533k▲ 32.6%€624k▲ 17.0%
Operating result€64k-€74k▲ 15.7%€100k▲ 34.0%€152k▲ 52.7%€98k▼ 35.7%
Net result€47k-€55k▲ 15.6%€43k▼ 21.0%€131k▲ 202%€91k▼ 30.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €1.02M
Equity
€624k ▲ 17.0%
Debt
€401k ▲ 26.2%
Debt's share of the balance-sheet total rises from 37.3% to 39.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
3.23▲
2023 · 3.11
Debt to equity
0.64▲
2023 · 0.60
ROE
14.5%▼
2023 · 24.6%
ROA
8.9%▼
2023 · 15.4%
Debt ≤ 1 year
€317k▲
2023 · €273k
Income taxes
€26k▼
2023 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€850k€1.02M▲
Current assets29/58€850k€1.02M▲
Amounts receivable within one year40/41€171k€251k▲
Trade receivables40€171k€245k▲
Other amounts receivable41€0€7k▲
Current investments50/53€195k€210k▲
Cash at bank and in hand54/58€484k€563k▲
Deferred charges and accrued income490/1-€180
Equity and liabilities
Total equity and liabilities10/49€850k€1.02M▲
Equity10/15€533k€624k▲
Contributions10/11€19k€19k=
Reserves13€514k€605k▲
Distributable reserves133€514k€605k▲
Amounts payable17/49€317k€401k▲
Amounts payable within one year42/48€273k€317k▲
Trade debts44€233k€311k▲
Suppliers440/4€233k€311k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€40k€6k▼
Taxes450/3€40k€6k▼
Accrued charges and deferred income492/3€44k€84k▲
Income statement
Code20232024
Other operating charges640/8€1k€703▼
Gross operating margin9900€153k€99k▼
Operating profit (loss)9901€152k€98k▼
Financial income75/76B€3k€5k▲
Recurring financial income75€3k€5k▲
Financial charges65/66B€-15k€-15k▲
Recurring financial charges65€-15k€-15k▲
Profit (loss) for the period before taxes9903€170k€117k▼
Income taxes67/77€39k€26k▼
Profit (loss) for the period9904€131k€91k▼
Profit (loss) for the period to be appropriated9905€131k€91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€131k€91k▼
Transfer to equity691/2€131k€91k▼
To other reserves6921€131k€91k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €131k ▲202%
Operating result €152k, net result €131k, both a record.
31-12
Financial
Equity above €500kEq €533k ▲32.6%
6 profitable years in a row build equity to €533k.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €15k ▼20.4%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Izegem · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hazelaarstraat 698870 IzegemGround area
805 m²
Building footprint
281 m²
Volume, LiDAR
1,089 m³
Parcel 36494D0741/00L000, Flanders · tallest building 6.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Hazelaarstraat 69, 8870 Izegem
since 20022.060.236.646
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0741/00L000 | Flanders | 805 m² | 1 · 281 m² | 6.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Gevelconcept Waelkens
BE 0866.415.678
Deerlijk · Eq €624,182
LIEBO
BE 0477.278.008
Herzele · Eq €624,286
SPEYBROECK BART
BE 0880.548.083
Nazareth · Eq €624,599
MACROPOL
BE 0452.760.564
Gavere · Eq €621,982
W-CARE
BE 0474.904.179
Mechelen · Eq €625,491
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,122 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.