AL - SYSTEMS
ActiveSummary
AL - SYSTEMS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106,925 and a net result of €7,198. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+22
Solvency84▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.38 against 1.8 in 2023; short-term debt: 19.4% and cash: 23% of total assets), and 41.1% of the assets are financed with debt.
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
72 d late
2022
101 d late
2021
466 d late
2020
831 d late
2019
8 d early
← 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 242 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
In the rankings
#3 oldest company in Boechout, Construction sector
Equity
€106,925▲ 7.2%
2023 · €99,727
Total assets
€181,679▼ 6.7%
2023 · €194,705
Net result
€7,198
2023 · -€14,972
Working capital
€48,506▲ 50.9%
2023 · €32,137
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€89,764-€19,735€29,795-€15,412€14,383
Net result€69,528above the sector's middle half-€18,807below the sector's middle half€22,552within the sector's middle half-€14,972below the sector's middle half€7,198within the sector's middle half
Equity€110,954within the sector's middle half▲ 55.3%€92,147within the sector's middle half▼ 16.9%€114,699within the sector's middle half▲ 24.5%€99,727within the sector's middle half▼ 13.1%€106,925within the sector's middle half▲ 7.2%
Total assets€233,861within the sector's middle half▲ 3.8%€218,031within the sector's middle half▼ 6.8%€237,650within the sector's middle half▲ 9.0%€194,705within the sector's middle half▼ 18.1%€181,679within the sector's middle half▼ 6.7%
Debt€107,338▼ 29.9%€113,931▲ 6.1%€111,564▼ 2.1%€88,268▼ 20.9%€71,090▼ 19.5%
Working capital€36,865▲ 14.3%€30,285▼ 17.8%€40,601▲ 34.1%€32,137▼ 20.8%€48,506▲ 50.9%
Solvency47.4%within the sector's middle half▲ 15.8pp42.3%within the sector's middle half▼ 5.2pp48.3%within the sector's middle half▲ 6.0pp51.2%within the sector's middle half▲ 3.0pp58.9%within the sector's middle half▲ 7.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14,383 after a loss of €15,412 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €181,679
Fixed assets
€97,961 ▼ 20.1%
Current assets
€83,718 ▲ 16.0%
Equity and liabilities €181,679
Equity
€106,925 ▲ 7.2%
Provisions
€3,665 ▼ 45.4%
Debt
€71,090 ▼ 19.5%
Debt's share of the balance-sheet total falls from 45.3% to 39.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,308▲
2023 · €16,237
Cash flow
€34,123▲
2023 · €16,676
Current ratio
2.38▲
2023 · 1.80
Quick ratio
1.93▲
2023 · 1.49
Debt to equity
0.66▼
2023 · 0.89
ROE
6.7%▲
2023 · -15.0%
ROA
4.0%▲
2023 · -7.7%
Interest coverage
12.32▲
2023 · 5.20
Debt ≤ 1 year
€35,212▼
2023 · €40,032
Debt > 1 year
€34,566▼
2023 · €47,604
Income taxes
€7,318▲
2023 · €1,487
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €83,300 | - | €38,814 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,629 | €32,011 | €29,630 | €31,648 | €26,925 | ▼ 14.9% |
| Other operating charges640/8 | €1,030 | €1,484 | €1,201 | €1,225 | €1,156 | ▼ 5.6% |
| Non-recurring operating charges66A | - | - | - | €404 | - | - |
| Gross operating margin9900 | €114,424 | €13,760 | €60,626 | €17,865 | €42,465 | ▲ 138% |
| Operating profit (loss)9901 | €89,764 | -€19,735 | €29,795 | -€15,412 | €14,383 | ▲ 193% |
| Financial income75/76B | €266 | €1,514 | €337 | €371 | €440 | ▲ 18.6% |
| Recurring financial income75 | €266 | €1,514 | €337 | €371 | €440 | ▲ 18.6% |
| Financial charges65/66B | €4,744 | €4,193 | €4,219 | €3,120 | €3,354 | ▲ 7.5% |
| Recurring financial charges65 | €4,744 | €4,193 | €4,219 | €3,120 | €3,354 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €85,285 | -€22,413 | €25,914 | -€18,161 | €11,470 | ▲ 163% |
| Transfer from deferred taxes780 | €1,911 | €3,616 | €3,867 | €4,676 | €3,045 | ▼ 34.9% |
| Transfer to deferred taxes680 | €16,660 | - | €3,300 | - | - | - |
| Income taxes67/77 | €1,008 | €10 | €3,928 | €1,487 | €7,318 | ▲ 392% |
| Profit (loss) for the period9904 | €69,528 | -€18,807 | €22,552 | -€14,972 | €7,198 | ▲ 148% |
| Transfer from tax-exempt reserves789 | €7,233 | €14,055 | €15,467 | €18,704 | €12,182 | ▼ 34.9% |
| Transfer to tax-exempt reserves689 | €66,640 | - | €13,200 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €10,121 | -€4,752 | €24,820 | €3,731 | €19,380 | ▲ 419% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €233,861 | €218,031 | €237,650 | €194,705 | €181,679 | ▼ 6.7% |
| Fixed assets21/28 | €174,954 | €146,743 | €146,908 | €122,537 | €97,961 | ▼ 20.1% |
| Tangible fixed assets22/27 | €174,954 | €146,743 | €146,908 | €122,537 | €97,961 | ▼ 20.1% |
| Land and buildings22 | €112,200 | €102,850 | €93,500 | €84,150 | €74,800 | ▼ 11.1% |
| Plant, machinery and equipment23 | €44,764 | €31,764 | €21,399 | €7,338 | €1,933 | ▼ 73.7% |
| Furniture and vehicles24 | €14,115 | €9,315 | €30,141 | €29,637 | €20,273 | ▼ 31.6% |
| Other tangible fixed assets26 | €3,876 | €2,813 | €1,868 | €1,412 | €956 | ▼ 32.3% |
| Current assets29/58 | €58,907 | €71,289 | €90,742 | €72,168 | €83,718 | ▲ 16.0% |
| Amounts receivable after more than one year29 | €270 | €270 | - | - | - | - |
| Other amounts receivable291 | €270 | €270 | - | - | - | - |
| Stocks and contracts in progress3 | €5,491 | €5,612 | €9,014 | €12,638 | €15,625 | ▲ 23.6% |
| Stocks30/36 | €5,491 | €5,612 | €9,014 | €12,638 | €15,625 | ▲ 23.6% |
| Amounts receivable within one year40/41 | €26,291 | €36,545 | €50,913 | €55,625 | €24,537 | ▼ 55.9% |
| Trade receivables40 | €26,291 | €34,400 | €47,371 | €52,781 | €22,002 | ▼ 58.3% |
| Other amounts receivable41 | - | €2,145 | €3,543 | €2,844 | €2,535 | ▼ 10.9% |
| Cash at bank and in hand54/58 | €24,841 | €27,716 | €29,388 | €2,433 | €41,761 | ▲ 1,617% |
| Deferred charges and accrued income490/1 | €2,015 | €1,146 | €1,427 | €1,472 | €1,795 | ▲ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €233,861 | €218,031 | €237,650 | €194,705 | €181,679 | ▼ 6.7% |
| Equity10/15 | €110,954 | €92,147 | €114,699 | €99,727 | €106,925 | ▲ 7.2% |
| Contributions10/11 | €6,605 | €6,605 | €6,605 | €8,505 | €8,505 | = |
| Capital10 | €6,605 | €6,605 | €6,605 | - | - | - |
| Issued capital100 | €19,000 | €19,000 | €19,000 | - | - | - |
| Uncalled capital101 | €12,395 | €12,395 | €12,395 | - | - | - |
| Outside capital11 | - | - | - | €8,505 | €8,505 | = |
| Other1109/19 | - | - | - | €8,505 | €8,505 | = |
| Reserves13 | €104,349 | €70,294 | €92,846 | €75,973 | €83,171 | ▲ 9.5% |
| Non-distributable reserves130/1 | €1,900 | €1,900 | €1,900 | - | - | - |
| Legal reserve130 | €1,900 | €1,900 | €1,900 | - | - | - |
| Tax-exempt reserves132 | €72,966 | €58,912 | €56,644 | €37,940 | €25,759 | ▼ 32.1% |
| Distributable reserves133 | €29,482 | €9,482 | €34,302 | €38,033 | €57,413 | ▲ 51.0% |
| Profit (loss) carried forward14 | - | €15,248 | €15,248 | €15,248 | €15,248 | = |
| Provisions and deferred taxes16 | €15,569 | €11,953 | €11,386 | €6,710 | €3,665 | ▼ 45.4% |
| Deferred taxes168 | €15,569 | €11,953 | €11,386 | €6,710 | €3,665 | ▼ 45.4% |
| Amounts payable17/49 | €107,338 | €113,931 | €111,564 | €88,268 | €71,090 | ▼ 19.5% |
| Amounts payable after more than one year17 | €84,199 | €72,406 | €60,212 | €47,604 | €34,566 | ▼ 27.4% |
| Financial debts170/4 | €84,199 | €72,406 | €60,212 | €47,604 | €34,566 | ▼ 27.4% |
| Amounts payable within one year42/48 | €22,042 | €41,003 | €50,141 | €40,032 | €35,212 | ▼ 12.0% |
| Current portion of amounts payable after more than one year42 | €11,405 | €11,793 | €12,194 | €12,609 | €13,037 | ▲ 3.4% |
| Financial debts43 | - | €875 | - | €5,562 | - | - |
| Credit institutions430/8 | - | €875 | - | €5,562 | - | - |
| Trade debts44 | €5,856 | €1,582 | €4,549 | €4,332 | €2,739 | ▼ 36.8% |
| Suppliers440/4 | €5,856 | €1,582 | €4,549 | €4,332 | €2,739 | ▼ 36.8% |
| Taxes, remuneration and social security45 | €1,320 | €1,573 | €4,742 | €6,163 | €4,317 | ▼ 30.0% |
| Taxes450/3 | €1,320 | €1,573 | €4,742 | €6,163 | €4,317 | ▼ 30.0% |
| Other amounts payable47/48 | €3,462 | €25,180 | €28,655 | €11,366 | €15,118 | ▲ 33.0% |
| Accrued charges and deferred income492/3 | €1,097 | €522 | €1,211 | €633 | €1,312 | ▲ 107% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,528 | -€18,807 | €22,552 | -€14,972 | €7,198 | ▲ 148% |
| + Depreciation and write-downs630 | €23,629 | €32,011 | €29,630 | €31,648 | €26,925 | ▼ 14.9% |
| Operating cash flow (approximation) | €93,157 | €13,204 | €52,182 | €16,676 | €34,123 | ▲ 105% |
| Investment in fixed assets (approximation) | - | -€3,799 | -€29,795 | -€7,278 | -€2,349 | ▲ 67.7% |
| Change in cash | - | €2,875 | €1,672 | -€26,955 | €39,328 | ▲ 246% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7,198
Net result €7,198 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €106,925 ▲7.2%
Equity rises from €99,727 to €106,925.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
09-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 466 days late
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 831 days late
2022
31-12
Financial
Back to profitnet €22,552
Net result €22,552 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €114,699 ▲24.5%
Equity rises from €92,147 to €114,699.
2021
31-12
Financial
Weakest financial yearnet -€18,807
Net result drops to -€18,807, the lowest in the series; recovery starts the following year.
2020
31-12
Financial
Back to profitnet €69,528
Net result €69,528 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €110,954 ▲55.3%
Equity rises from €71,426 to €110,954.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 358 days late
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 279 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 91 days late
2016
29-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 151 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, Boechout · 1 establishment unit since 2003
Ground area
1,929 m²
Building footprint
188 m²
Volume, LiDAR
1,050 m³
Parcel 11004A0364/00K002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AL-SYSTEMS BVBA
since 20032.134.989.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004A0364/00K002 | Flanders | 1,929 m² | 1 · 188 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 549 EUR awarded · 549 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 72 EUR | 72 EUR |
| 2023 | 1 | 477 EUR | 477 EUR |
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Of 8,576 companies in sector 43410 we hold annual accounts for 4,367. 3,814 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
Founded17-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449623011
Also
9925:BE0449623011
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.