Equity
€228,311 ▲ 64.7%
Equity rose in 2025 from €138,608 to €228,311.
ALLVAC SYSTEMS
Overview
Lifetime
2 annual accounts with figures on one time axispeak €430,747 (2024)
€338,762▼ 21.4%
peak €136,908 (2024)
€89,704▼ 34.5%
peak €228,311 (2025)
€228,311▲ 64.7%
€117,672▼ 50.7%
peak 4 FTE (2025)
4 FTE
Board1 name since 2023
1 directorVAN LATHEM Mathias Frans Lieven Jan
Documentsfilings and deeds
30-06-202631 days before the deadline
2025abbreviated format
Gross margin from €430,747 to €338,762Result from €136,908 to €89,704Equity from €138,608 to €228,311Debts from €238,790 to €117,672Cash from €30,983 to €59,483
Key points
from the 2025 annual accountsInvestments
€20,134 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 104.8% higher than in 2024.
Liquidity
2.73 was 1.51 in 2024
Short-term debts fell from €238,790 to €117,672.
Checked score
69
Healthy
Financially stronger than 76% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.0%
01-2025: 4.5%▲ +0.5 percentage points vs 12-2024
02-2025: 4.5%● unchanged vs 01-2025
03-2025: 5.0%▲ +0.5 percentage points vs 02-2025
04-2025: 5.2%▲ +0.2 percentage points vs 03-2025
05-2025: 5.3%▲ +0.1 percentage points vs 04-2025
06-2025: 5.1%▼ -0.2 percentage points vs 05-2025
07-2025: 5.2%▲ +0.1 percentage points vs 06-2025
08-2025: 5.5%▲ +0.3 percentage points vs 07-2025
09-2025: 5.6%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 3.5%▼ -2.1 percentage points vs 09-2025
11-2025: 3.5%● unchanged vs 10-2025
12-2025: 3.5%● unchanged vs 11-2025
01-2026: 3.5%● unchanged vs 12-2025
02-2026: 3.5%● unchanged vs 01-2026
03-2026: 3.4%▼ -0.1 percentage points vs 02-2026
04-2026: 4.2%▲ +0.8 percentage points vs 03-2026
05-2026: 4.6%▲ +0.4 percentage points vs 04-2026
06-2026: 4.6%● unchanged vs 05-2026
07-2026: 1.8%▼ -2.8 percentage points vs 06-2026
08-2026: 1.8%● unchanged vs 07-2026
09-2026: 1.0%▼ -0.8 percentage points vs 08-2026lowest value
10-2026: 1.0%● unchanged vs 09-2026lowest value
11-2026: 1.0%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.73, cash €59,483
Equity €228,311 (66.0% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 72% of them on solvency, 53% on liquidity, 92% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as ALLVAC SYSTEMS has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ALLVAC SYSTEMS itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for ALLVAC SYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.73 (1.51 in 2024), above the usual 1.5. Short-term debt is 34% and cash 17.2% of total assets. 34% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
31 days early
2024
53 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 11 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0805629342
Registered office moved from Beersel to Sint-Pieters-Leeuw
New registered office: Bergensesteenweg 709a bus 4, 1600 Sint-Pieters-Leeuw · Previous registered office: G. Demeurslaan 98, 1654 Beersel · General meeting of 23-04-2024 · Gazette deed
Incorporation
Founding capital of €1,700, 170 shares · Founder: VAN LATHEM Mathias Frans Lieven Jan · Appointment: VAN LATHEM Mathias Frans Lieven Jan (director) · published on 12-09-2023 · Gazette deed
First establishment
Bergensesteenweg 709a, Sint-Pieters-Leeuw
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ALLVAC SYSTEMS Sint-Pieters-Leeuw | €345,984 | €338,762 | 66.0% | 4 |
| SB VERWARMING EN SANITAIR Lommel | €450,566 | €224,399 | 69.0% | 3.8 |
| HEAT and TECHNICS Liège | €300,996 | €284,553 | 23.0% | 4.6 |
| CLIMATISATION JEHAES Herstal | €408,365 | €304,908 | 56.9% | 2.3 |
| BANDE CHAUFFAGE Nassogne | €478,022 | €263,342 | 57.8% | 2.7 |
| BeL Energy Herve | €305,466 | €202,227 | 33.3% | 3.7 |
| Dhollander Depagas Bruges | €335,882 | €582,809 | 67.9% | 4.5 |
These companies have the same main activity as ALLVAC SYSTEMS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €301,000 and €478,000, founded between 2021 and 2025.
Official details
Source: KBO- Status
- Active since 08-09-2023Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 2 others
- Establishment unit
- 2.349.491.0421600 Sint-Pieters-Leeuw, since 08-09-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 27-12-2025
Annual accounts 2025
- €338,762▼ 21.4%
- ≈ €870,000estimated
- €89,704▼ 34.5%
- €228,311▲ 64.7%
- €345,984▼ 8.3%
- Employeeson 31-12-2025
- 4
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on ALLVAC SYSTEMS
ALLVAC SYSTEMS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €228,311 and a net result of €89,704.
Its solvency ranks better than 75% of 9,967 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 30-06-2026, 31 days before the deadline€338,762
▼ 21.4%
€121,648
▼ 33.3%
€89,704
▼ 34.5%
€203,289
▲ 68.1%
66.0%
▲ 29.3 percentage points
2.73
▲ 1.22
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €870,000. Estimated: probably between €730,000 and €1.1m.
Balance sheet
balance sheet total €345,984 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
66.0%
Higher than 75% of 9,967 companies in 2025.
2.73
Higher than 71% of 9,830 companies in 2025.
25.9%
Higher than 91% of 9,899 companies in 2025.
ALLVAC SYSTEMS
Middle half of the sector
80% of the sector
Abbreviated accounts in specialised construction (NACE 43)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€48,438
Staff costs divided by the average number of full-time equivalents.
+1 person
people who joined
people who left
In 2025, 2 people joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
345,984 | 377,397 | |
21/28 |
25,022 | 17,694 | |
22/27 |
25,022 | 17,694 | |
23 |
7,149 | 3,491 | |
24 |
17,873 | 14,202 | |
29/58 |
320,962 | 359,704 | |
3 |
4,218 | 4,988 | |
30/36 |
4,218 | 4,988 | |
40/41 |
254,092 | 323,511 | |
40 |
173,168 | 270,917 | |
41 |
80,924 | 52,594 | |
54/58 |
59,483 | 30,983 | |
490/1 |
3,168 | 222 | |
| Balance sheet: equity and liabilities | |||
10/49 |
345,984 | 377,397 | |
10/15 |
228,311 | 138,608 | |
10/11 |
1,700 | 1,700 | |
14 |
226,611 | 136,908 | |
17/49 |
117,672 | 238,790 | |
42/48 |
117,672 | 238,790 | |
42 |
5,559 | - | |
44 |
20,146 | 133,513 | |
440/4 |
20,146 | 133,513 | |
46 |
- | 52,635 | |
45 |
91,967 | 52,642 | |
450/3 |
66,690 | 42,735 | |
454/9 |
25,278 | 9,907 | |
| Income statement | |||
9900 |
338,762 | 430,747 | |
62 |
193,753 | 228,267 | |
630 |
12,805 | 8,633 | |
640/8 |
10,556 | 9,121 | |
66A |
- | 2,240 | |
9901 |
121,648 | 182,486 | |
75/76B |
158 | 32 | |
75 |
158 | 32 | |
65/66B |
3,900 | 2,876 | |
65 |
1,048 | 2,876 | |
66B |
2,852 | - | |
9903 |
117,906 | 179,642 | |
67/77 |
28,202 | 42,735 | |
9904 |
89,704 | 136,908 | |
9905 |
89,704 | 136,908 | |
| Appropriation of the result | |||
9906 |
226,611 | 136,908 | |
14P |
136,908 | - | |
| Social balance sheet | |||
9087 |
4 | - | |
Hours worked1013 |
5,344 | - | |
| Document | |||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 134,453 | 191,119 | ||
| 102,509 | 145,541 | ||
| 20,134 | 26,327 | ||
| 28,500 | - | ||
| 203,289 | 120,914 | ||
| 66.0% | 36.7% | ||
| 2.73 | 1.51 | ||
| 2.69 | 1.49 | ||
| 0.52 | 1.72 | ||
| 39.3% | 98.8% | ||
| 25.9% | 36.3% | ||
| over 100 | 66.46 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 4 |
| full-time | 4 |
| in full-time equivalents | 4 |
| 3.6 | |
| On a permanent contract | 3 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €20,134 | €26,327 |
| Intangible fixed assets | €0 | - |
| €12,805 | €8,633 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on ALLVAC SYSTEMS
The operating result for 2025 is 33% lower than in 2024.
Debt's share of the balance-sheet total falls from 63.3% to 34.0%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 12-09-2023
term without a fixed end
listed in the 2024 annual accounts, filed on 22-09-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “De vennootschap is verbonden door de handelingen die verricht zijn door haar bestuurder(s) zelfs indien die handelingen buiten haar voorwerp…”deed of 12-09-2023
Mandates through the years
1 name, the dashed line is todayVAN LATHEM Mathias Frans Lieven Jan
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- VAN LATHEM Mathias Frans Lieven Jan
- Director (not named in the articles), appointed by deed of 12-09-2023, still in office
Control
This company
ALLVAC SYSTEMS
Equity €228,311
Profit €89,704 in 2025
Capital
- Contribution
- €1,700
- Shares
- 170
- Contribution per share
- €10
- Equity per share
- €1,343 in 2025
- Source
- deed of 12-09-2023
Articles of association
deed of 12-09-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Founder
At incorporation
deed of 12-09-2023 ↗
- VAN LATHEM Mathias Frans Lieven Jan sole founder · 100% at incorporation
Network & group
No group
ALLVAC SYSTEMS has no parent and no holdings in its annual accounts. VAN LATHEM Mathias Frans Lieven Jan is the only director. ALLVAC SYSTEMS shares no director with another company.
At the same address
Bergensesteenweg 709A, 1600 Sint-Pieters-Leeuw · 2 other companies| C.C.T.
registered office since 22-12-2022 · founded in 2022 · accounts filed late |
total assets €102,705 (2024) 0795.258.458 |
| PHOENIX SERVICES
establishment since 15-10-2024 · founded in 2024 |
total assets €63,827 (2025) 1015.126.774 |
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBabbreviated format · 31 days before the deadline
2025
Equity above €200,000 equity €228,311 ▲64.7% With a profit in every financial year since 2024, equity grows to €228,311.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0805629342
Annual accounts 2024 filed PDFabbreviated format · 53 days late
2024
Registered office moved from Beersel to Sint-Pieters-LeeuwNew registered office: Bergensesteenweg 709a bus 4, 1600 Sint-Pieters-Leeuw · Previous registered office: G. Demeurslaan 98, 1654 Beersel · General meeting of 23-04-20242 points ▸
- General meeting, 23-04-2024
- Registered-office move, Bergensesteenweg 709a bus 4, 1600 Sint-Pieters-Leeuw
2023
IncorporationFounding capital of €1,700, 170 shares · Founder: VAN LATHEM Mathias Frans Lieven Jan · Appointment: VAN LATHEM Mathias Frans Lieven Jan (director) · published on 12-09-20236 points ▸
- Founder, VAN LATHEM Mathias Frans Lieven Jan
- Founding capital, €1,700, 170 shares
- 170 shares
- Registered office clause, Gustaaf Demeurslaan 98, 1654 Beersel
- Board rule, 1
- Director appointment, VAN LATHEM Mathias Frans Lieven Jan (director (not named in the articles))
- The deed holds 5 more points.
First establishment Bergensesteenweg 709a, Sint-Pieters-Leeuw
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
ALLVAC SYSTEMS was incorporated on 8 September 2023 as a private limited company by one natural person, with a starting capital of €1,700.12 The registered office was moved to Sint-Pieters-Leeuw in 2024.3 VAN LATHEM Mathias Frans Lieven Jan is director of the company, appointed by deed of 12-09-2023.2
Company details
Identity
- Enterprise number
- 0805.629.342
- VAT number
- BE 0805.629.342
- Peppol ID
- 0208:0805629342
- Other Peppol ID
- 9925:BE0805629342
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 08-09-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of June at 20:00deed of 12-09-2023 (in Dutch)
- Peppol
- Reachable since 27-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- ALLVAC SYSTEMS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 12-09-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
43222
Installation of electric heating, air conditioning, cooling and ventilation main activity
Social security (RSZ) activities
43211
General electrical installation work main activity
Codes under NACEBEL 2008
VAT activities
43222
Specialised construction activities main activity
33120
Repair, maintenance and installation of machinery and equipment
Social security (RSZ) activities
43211
Specialised construction activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Installatie van verwarming, klimaatregeling en ventilatie”deed of 12-09-2023 (in Dutch)
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Bergensesteenweg 709a registered office 1600 Sint-Pieters-Leeuw | 08-09-2023 | 2.349.491.042 |
1 former office
- G. Demeurslaan 98, 1654 Beersel until 08-04-2024 · deed of 26-08-2024
Buildings and parcels at the address
- Ground area
- 5,043 m²
- Buildings
- 912 m²
- Volume, LiDAR
- 4,755 m³
- Tallest building
- 7.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23583F0543/00D002 | 5,043 m² | 1 · 911 m² | 7.2 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0805.629.342