AT-SYSTEMS
ActiveSummary
AT-SYSTEMS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290,426 and a net result of €100,550. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+15
Solvency42▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.0 in 2024; short-term debt: 40.2% and cash: 3.7% of total assets), and 83.5% 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
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
16.5%
Return on assets
5.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 407 sector peers (2025).
NBB · sector comparisonPosition among 407 sector peers
Solvency
better than 20%
← weakest
strongest →
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
107 d early
2023
40 d early
2022
48 d early
2021
9 d early
2020
25 d early
2019
65 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 59 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€290,426▲ 0.1%
2024 · €290,137
Total assets
€1.8m▲ 13.7%
2024 · €1.5m
Net result
€100,550▲ 859%
2024 · €10,484
Working capital
€113,205▲ 8,498%
2024 · €1,317
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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€12,877▼ 38.7%€135,689▲ 954%€43,147▼ 68.2%€24,092▼ 44.2%€152,777▲ 534%
Net result€6,931below the sector's middle half▼ 74.7%€119,170above the sector's middle half▲ 1,619%€20,939within the sector's middle half▼ 82.4%€10,484within the sector's middle half▼ 49.9%€100,550within the sector's middle half▲ 859%
Equity€120,643below the sector's middle half▲ 6.1%€260,314above the sector's middle half▲ 116%€279,653above the sector's middle half▲ 7.4%€290,137within the sector's middle half▲ 3.7%€290,426within the sector's middle half▲ 0.1%
Total assets€816,104within the sector's middle half▲ 39.4%€1.2mabove the sector's middle half▲ 48.4%€1.2mabove the sector's middle half▲ 2.8%€1.5mwithin the sector's middle half▲ 24.1%€1.8mwithin the sector's middle half▲ 13.7%
Debt€695,462▲ 47.4%€951,129▲ 36.8%€965,346▲ 1.5%€1.3m▲ 30.0%€1.5m▲ 16.8%
Working capital€45,669▼ 68.6%€34,415▼ 24.6%€17,841▼ 48.2%€1,317▼ 92.6%€113,205▲ 8,498%
Solvency14.8%below the sector's middle half▼ 4.6pp21.5%within the sector's middle half▲ 6.7pp22.5%within the sector's middle half▲ 1.0pp18.8%below the sector's middle half▼ 3.7pp16.5%below the sector's middle half▼ 2.2pp
Staff (FTE)11below the sector's middle half=1below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
- 2022 Net result +1,619% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 534% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€937,178 ▲ 4.1%
Current assets
€819,124 ▲ 27.1%
Equity and liabilities €1.8m
Equity
€290,426 ▲ 0.1%
Debt
€1.5m ▲ 16.8%
Debt's share of the balance-sheet total rises from 81.2% to 83.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€209,202▲
2024 · €77,207
Cash flow
€156,975▲
2024 · €63,600
Current ratio
1.16▲
2024 · 1.00
Quick ratio
0.61▲
2024 · 0.52
Debt to equity
5.05▲
2024 · 4.32
ROE
34.6%▲
2024 · 3.6%
ROA
5.7%▲
2024 · 0.7%
Interest coverage
9.56▲
2024 · 4.98
Debt ≤ 1 year
€705,919▲
2024 · €643,360
Debt > 1 year
€759,957▲
2024 · €610,990
Income taxes
€35,861▲
2024 · €3,969
Staff costs
€61,190▲
2024 · €58,214
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 5,049 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,068 | €1,669 | €8,870 | €58,214 | €61,190 | ▲ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,415 | €29,980 | €46,438 | €53,116 | €56,426 | ▲ 6.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €409 | €428 | €783 | €6,095 | €6,500 | ▲ 6.6% |
| Gross operating margin9900 | €22,769 | €167,767 | €99,238 | €141,516 | €276,892 | ▲ 95.7% |
| Operating profit (loss)9901 | €12,877 | €135,689 | €43,147 | €24,092 | €152,777 | ▲ 534% |
| Financial income75/76B | €2,252 | €9,150 | €3,192 | €5,863 | €5,515 | ▼ 5.9% |
| Recurring financial income75 | €2,252 | €9,150 | €3,192 | €5,863 | €5,515 | ▼ 5.9% |
| Financial charges65/66B | €8,199 | €13,753 | €18,497 | €15,501 | €21,881 | ▲ 41.2% |
| Recurring financial charges65 | €8,199 | €13,753 | €18,497 | €15,501 | €21,881 | ▲ 41.2% |
| Profit (loss) for the period before taxes9903 | €6,931 | €131,087 | €27,842 | €14,453 | €136,411 | ▲ 844% |
| Income taxes67/77 | €0 | €11,917 | €6,903 | €3,969 | €35,861 | ▲ 803% |
| Profit (loss) for the period9904 | €6,931 | €119,170 | €20,939 | €10,484 | €100,550 | ▲ 859% |
| Profit (loss) for the period to be appropriated9905 | €6,931 | €119,170 | €20,939 | €10,484 | €100,550 | ▲ 859% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €816,104 | €1.2m | €1.2m | €1.5m | €1.8m | ▲ 13.7% |
| Fixed assets21/28 | €430,141 | €898,652 | €904,386 | €900,039 | €937,178 | ▲ 4.1% |
| Tangible fixed assets22/27 | €430,141 | €898,652 | €904,386 | €900,039 | €937,178 | ▲ 4.1% |
| Land and buildings22 | €385,843 | €863,989 | €861,328 | €864,709 | €918,810 | ▲ 6.3% |
| Plant, machinery and equipment23 | - | - | €8,322 | €10,348 | €7,583 | ▼ 26.7% |
| Furniture and vehicles24 | €44,298 | €34,663 | €34,736 | €24,982 | €10,786 | ▼ 56.8% |
| Current assets29/58 | €385,963 | €312,791 | €340,613 | €644,677 | €819,124 | ▲ 27.1% |
| Stocks and contracts in progress3 | €130,980 | €108,614 | €157,601 | €307,699 | €390,442 | ▲ 26.9% |
| Stocks30/36 | €130,980 | €108,614 | €157,601 | €307,699 | €390,442 | ▲ 26.9% |
| Amounts receivable within one year40/41 | €237,497 | €168,715 | €175,016 | €309,037 | €361,223 | ▲ 16.9% |
| Trade receivables40 | €234,947 | €166,165 | €171,869 | €304,287 | €358,336 | ▲ 17.8% |
| Other amounts receivable41 | €2,550 | €2,550 | €3,147 | €4,750 | €2,887 | ▼ 39.2% |
| Cash at bank and in hand54/58 | €17,486 | €35,259 | €7,784 | €25,507 | €65,519 | ▲ 157% |
| Deferred charges and accrued income490/1 | €0 | €203 | €212 | €2,433 | €1,940 | ▼ 20.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €816,104 | €1.2m | €1.2m | €1.5m | €1.8m | ▲ 13.7% |
| Equity10/15 | €120,643 | €260,314 | €279,653 | €290,137 | €290,426 | ▲ 0.1% |
| Contributions10/11 | €18,600 | €39,102 | €39,102 | €39,102 | €39,102 | = |
| Reserves13 | €102,043 | €221,212 | €240,551 | €251,035 | €251,324 | ▲ 0.1% |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €100,183 | €221,212 | €240,551 | €251,035 | €251,324 | ▲ 0.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €695,462 | €951,129 | €965,346 | €1.3m | €1.5m | ▲ 16.8% |
| Amounts payable after more than one year17 | €355,168 | €672,753 | €642,083 | €610,990 | €759,957 | ▲ 24.4% |
| Financial debts170/4 | €355,168 | €672,753 | €642,083 | €610,990 | €759,957 | ▲ 24.4% |
| Amounts payable within one year42/48 | €340,293 | €278,376 | €322,772 | €643,360 | €705,919 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | €30,254 | €30,670 | €31,093 | €38,435 | ▲ 23.6% |
| Financial debts43 | €75,000 | €75,000 | €125,000 | €125,000 | €125,000 | = |
| Credit institutions430/8 | €75,000 | €75,000 | €125,000 | €125,000 | €125,000 | = |
| Trade debts44 | €195,227 | €59,373 | €40,461 | €355,700 | €400,309 | ▲ 12.5% |
| Suppliers440/4 | €195,227 | €59,373 | €40,461 | €355,700 | €400,309 | ▲ 12.5% |
| Taxes, remuneration and social security45 | €19,340 | €38,034 | €33,662 | €25,109 | €26,006 | ▲ 3.6% |
| Taxes450/3 | €19,340 | €38,034 | €33,116 | €20,466 | €21,402 | ▲ 4.6% |
| Remuneration and social security454/9 | - | - | €546 | €4,643 | €4,604 | ▼ 0.8% |
| Other amounts payable47/48 | €50,727 | €75,715 | €92,978 | €106,459 | €116,169 | ▲ 9.1% |
| Accrued charges and deferred income492/3 | - | - | €491 | €228 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,931 | €119,170 | €20,939 | €10,484 | €100,550 | ▲ 859% |
| + Depreciation and write-downs630 | €8,415 | €29,980 | €46,438 | €53,116 | €56,426 | ▲ 6.2% |
| Operating cash flow (approximation) | €15,345 | €149,150 | €67,377 | €63,600 | €156,975 | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€498,491 | -€52,172 | -€48,768 | -€93,565 | ▼ 91.9% |
| Change in cash | - | €17,773 | -€27,475 | €17,723 | €40,012 | ▲ 126% |
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €119,170 ▲1,619%
Net result €119,170, the highest in the series.
31-12
Financial
Equity above €200,000Eq €260,314 ▲116%
5 profitable years in a row build equity to €260,314.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €6,931 ▼74.7%
Net result drops to €6,931, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €113,712 ▲31.7%
3 profitable years in a row build equity to €113,712.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Hoogstraten · 1 establishment unit since 2016
Ground area
2,878 m²
Building footprint
1,234 m²
Volume, LiDAR
1 m³
Parcel 13014F0251/00A000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
AT-SYSTEMS
since 20162.249.031.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13014F0251/00A000 | Flanders | 2,878 m² | 1 · 1,234 m² | 0.1 m |
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
2022 to 2023 · 2 entries · 1,041 EUR awarded · 1,042 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 785 EUR |
| 2022 | 1 | 1,041 EUR | 257 EUR |
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Of 263 companies in sector 28300 we hold annual accounts for 197. 139 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
Founded30-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
01110Growing of cereals (except rice), leguminous crops and oil seeds
01610Support activities for crop production
26400Manufacture of computer, electronic and optical products
46610Wholesale trade
46643Wholesale of electrical equipment, including installation materials
77310Rental and leasing activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645603591
Also
9925:BE0645603591
Registered
27-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.