AMS SYSTEMS
ActiveSummary
AMS SYSTEMS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €318,052. Equity is growing by ~73.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency79▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.73 in 2024; short-term debt: 38.3% and cash: 2.4% of total assets), and 45.9% of the assets are financed with debt.
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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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.1%
Return on assets
14.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 7 filingsDeviation from the deadline
2025
27 d late
2024
7 d early
2023
6 d late
2022
3 d early
2021
30 d late
2020
9 d late
2019
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 7 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by equity in Glabbeek, Construction sector#4 company by total assets in Glabbeek, Construction sector
Equity
€1.2m▲ 6.2%
2024 · €1.1m
Total assets
€2.1m▲ 1.1%
2024 · €2.1m
Net result
€318,052▼ 57.2%
2024 · €743,715
Working capital
€262,099▼ 40.9%
2024 · €443,310
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
Line20212022202320242025
Operating result€256,210▲ 1,760%€228,189▼ 10.9%€508,102▲ 123%€1.0m▲ 99.1%€448,173▼ 55.7%
Net result€190,657above the sector's middle half▲ 2,045%€166,050above the sector's middle half▼ 12.9%€374,045above the sector's middle half▲ 125%€743,715above the sector's middle half▲ 98.8%€318,052above the sector's middle half▼ 57.2%
Equity€242,289above the sector's middle half▲ 369%€408,340above the sector's middle half▲ 68.5%€546,385within the sector's middle half▲ 33.8%€1.1mabove the sector's middle half▲ 99.5%€1.2mabove the sector's middle half▲ 6.2%
Total assets€799,083above the sector's middle half▲ 549%€788,902above the sector's middle half▼ 1.3%€1.3mwithin the sector's middle half▲ 65.3%€2.1mabove the sector's middle half▲ 62.4%€2.1mabove the sector's middle half▲ 1.1%
Debt€556,794▲ 678%€380,562▼ 31.7%€757,612▲ 99.1%€1.0m▲ 35.6%€982,012▼ 4.4%
Working capital€42,133within the sector's middle half▲ 70.5%€204,560above the sector's middle half▲ 386%€395,258within the sector's middle half▲ 93.2%€443,310within the sector's middle half▲ 12.2%€262,099within the sector's middle half▼ 40.9%
Solvency30.3%within the sector's middle half▼ 11.6pp51.8%within the sector's middle half▲ 21.4pp41.9%within the sector's middle half▼ 9.9pp51.5%within the sector's middle half▲ 9.6pp54.1%within the sector's middle half▲ 2.6pp
Current ratio1.11within the sector's middle half▼ 0.601.96within the sector's middle half▲ 0.842.08within the sector's middle half▲ 0.121.73within the sector's middle half▼ 0.351.32within the sector's middle half▼ 0.41
Return on assets (ROA)23.9%above the sector's middle half▲ 16.6pp21.0%above the sector's middle half▼ 2.8pp28.7%above the sector's middle half▲ 7.6pp35.1%above the sector's middle half▲ 6.4pp14.9%above the sector's middle half▼ 20.3pp
Staff (FTE)0below the sector's middle half0below the sector's middle half
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 abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +125% on 2022. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.1m ▼ 0.6%
Current assets
€1.1m ▲ 2.8%
Equity and liabilities €2.1m
Equity
€1.2m ▲ 6.2%
Debt
€982,012 ▼ 4.4%
Debt's share of the balance-sheet total falls from 48.5% to 45.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€520,654▼
2024 · €1.1m
Cash flow
€390,533▼
2024 · €803,728
Quick ratio
0.66▼
2024 · 0.88
Debt to equity
0.85▼
2024 · 0.94
ROE
27.5%▼
2024 · 68.2%
Interest coverage
16.31▼
2024 · 59.67
Debt ≤ 1 year
€820,531▲
2024 · €609,539
Debt > 1 year
€159,797▼
2024 · €415,394
Income taxes
€107,575▼
2024 · €257,459
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,778 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 6,778 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €503 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,899 | €27,843 | €23,009 | €60,013 | €72,481 | ▲ 20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7,338 | - |
| Other operating charges640/8 | €6,758 | €10,053 | €102,274 | €25,931 | €21,645 | ▼ 16.5% |
| Non-recurring operating charges66A | €376 | - | €17,105 | €5,521 | €0 | ▼ 100% |
| Gross operating margin9900 | €278,242 | €266,085 | €650,490 | €1.1m | €549,637 | ▼ 50.2% |
| Operating profit (loss)9901 | €256,210 | €228,189 | €508,102 | €1.0m | €448,173 | ▼ 55.7% |
| Financial income75/76B | €186 | €452 | €5,079 | €7,631 | €9,368 | ▲ 22.8% |
| Recurring financial income75 | €186 | €452 | €5,079 | €7,631 | €9,368 | ▲ 22.8% |
| Financial charges65/66B | €7,220 | €7,493 | €12,905 | €17,959 | €31,914 | ▲ 77.7% |
| Recurring financial charges65 | €7,220 | €7,493 | €12,905 | €17,959 | €31,914 | ▲ 77.7% |
| Profit (loss) for the period before taxes9903 | €249,176 | €221,149 | €500,276 | €1.0m | €425,628 | ▼ 57.5% |
| Income taxes67/77 | €58,520 | €55,098 | €126,231 | €257,459 | €107,575 | ▼ 58.2% |
| Profit (loss) for the period9904 | €190,657 | €166,050 | €374,045 | €743,715 | €318,052 | ▼ 57.2% |
| Profit (loss) for the period to be appropriated9905 | €190,657 | €166,050 | €374,045 | €743,715 | €318,052 | ▼ 57.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €799,083 | €788,902 | €1.3m | €2.1m | €2.1m | ▲ 1.1% |
| Fixed assets21/28 | €386,771 | €370,638 | €541,531 | €1.1m | €1.1m | ▼ 0.6% |
| Tangible fixed assets22/27 | €386,771 | €370,638 | €541,531 | €1.1m | €1.1m | ▼ 0.6% |
| Land and buildings22 | €358,981 | €336,766 | €405,473 | €866,758 | €894,600 | ▲ 3.2% |
| Plant, machinery and equipment23 | €25,879 | €32,655 | €61,996 | €78,180 | €70,074 | ▼ 10.4% |
| Furniture and vehicles24 | €1,911 | €1,218 | €74,063 | €119,268 | €92,861 | ▼ 22.1% |
| Current assets29/58 | €412,312 | €418,264 | €762,466 | €1.1m | €1.1m | ▲ 2.8% |
| Stocks and contracts in progress3 | - | - | €516,500 | €517,598 | €537,598 | ▲ 3.9% |
| Stocks30/36 | - | - | €516,500 | €517,598 | €537,598 | ▲ 3.9% |
| Amounts receivable within one year40/41 | €294,198 | €377,195 | €228,149 | €352,194 | €467,333 | ▲ 32.7% |
| Trade receivables40 | €267,063 | €288,280 | €160,851 | €161,385 | €266,238 | ▲ 65.0% |
| Other amounts receivable41 | €27,136 | €88,914 | €67,298 | €190,810 | €201,095 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €112,516 | €33,186 | €11,917 | €166,718 | €51,234 | ▼ 69.3% |
| Deferred charges and accrued income490/1 | €5,598 | €7,884 | €5,900 | €16,338 | €26,465 | ▲ 62.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €799,083 | €788,902 | €1.3m | €2.1m | €2.1m | ▲ 1.1% |
| Equity10/15 | €242,289 | €408,340 | €546,385 | €1.1m | €1.2m | ▲ 6.2% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €26,633 | €26,633 | €26,633 | €26,633 | €84 | ▼ 99.7% |
| Distributable reserves133 | €26,633 | €26,633 | €26,633 | €26,633 | €84 | ▼ 99.7% |
| Profit (loss) carried forward14 | €190,657 | €356,707 | €494,753 | €1.0m | €1.1m | ▲ 9.1% |
| Amounts payable17/49 | €556,794 | €380,562 | €757,612 | €1.0m | €982,012 | ▼ 4.4% |
| Amounts payable after more than one year17 | €186,110 | €165,758 | €382,008 | €415,394 | €159,797 | ▼ 61.5% |
| Financial debts170/4 | €186,110 | €165,758 | €382,008 | €415,394 | €159,797 | ▼ 61.5% |
| Amounts payable within one year42/48 | €370,179 | €213,704 | €367,208 | €609,539 | €820,531 | ▲ 34.6% |
| Current portion of amounts payable after more than one year42 | €20,013 | €20,352 | €30,977 | €220,671 | €447,597 | ▲ 103% |
| Trade debts44 | €264,989 | €93,672 | €64,000 | €80,698 | €99,352 | ▲ 23.1% |
| Suppliers440/4 | €264,989 | €93,672 | €64,000 | €80,698 | €99,352 | ▲ 23.1% |
| Advances received on contracts in progress46 | - | €23,140 | - | - | - | - |
| Taxes, remuneration and social security45 | €58,696 | €55,098 | €36,231 | €108,170 | €23,582 | ▼ 78.2% |
| Taxes450/3 | €58,696 | €55,098 | €36,231 | €108,170 | €23,582 | ▼ 78.2% |
| Other amounts payable47/48 | €26,481 | €21,441 | €236,000 | €200,000 | €250,000 | ▲ 25.0% |
| Accrued charges and deferred income492/3 | €505 | €1,101 | €8,397 | €2,022 | €1,684 | ▼ 16.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €190,657 | €166,050 | €374,045 | €743,715 | €318,052 | ▼ 57.2% |
| + Depreciation and write-downs630 | €14,899 | €27,843 | €23,009 | €60,013 | €72,481 | ▲ 20.8% |
| Operating cash flow (approximation) | €205,555 | €193,894 | €397,054 | €803,728 | €390,533 | ▼ 51.4% |
| Investment in fixed assets (approximation) | - | -€11,710 | -€193,902 | -€582,687 | -€65,810 | ▲ 88.7% |
| Change in cash | - | -€79,330 | -€21,269 | €154,801 | -€115,484 | ▼ 175% |
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €743,715 ▲98.8%
Operating result €1.0m, net result €743,715, both a record.
31-12
Financial
Equity above €1mEq €1.1m ▲99.5%
6 profitable years in a row build equity to €1.1m.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 6 days late
2023
31-12
Financial
Equity above €500,000Eq €546,385 ▲33.8%
5 profitable years in a row build equity to €546,385.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €200,000Eq €242,289 ▲369%
3 profitable years in a row build equity to €242,289.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Weakest financial yearnet €8,890 ▼49.9%
Net result drops to €8,890, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Glabbeek · 1 establishment unit since 2018
Ground area
2,185 m²
Building footprint
360 m²
Volume, LiDAR
1,723 m³
Parcel 24030C0173/00K000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Steenbergestraat 39, 3380 Glabbeek
since 20182.281.470.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24030C0173/00K000 | Flanders | 2,185 m² | 1 · 360 m² | 9.2 m · 1 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 8,576 companies in sector 43410 we hold annual accounts for 4,368. 1,885 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
Founded04-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43230Insulation installation
43421Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697615090
Also
9925:BE0697615090
Registered
15-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.