AUTOMATIC ELECTRONIC SYSTEM
ActiveSummary
AUTOMATIC ELECTRONIC SYSTEM has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €234,401 and a net result of €89,464. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 67% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 1.87 against 2.74 in 2024; short-term debt: 37.1% and cash: 46.3% of total assets), and 37.1% of the assets are financed with debt.
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Signals
Five 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
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
62.9%
Return on assets
24%
Age of the figures
9 mo
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
36 d early
2023
1 d early
2022
30 d late
2021
31 d late
2020
31 d late
2019
92 d late
← 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 11 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 31 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€234,401▼ 5.5%
2024 · €248,037
Total assets
€372,430▲ 22.3%
2024 · €304,416
Net result
€89,464▲ 1.3%
2024 · €88,298
Working capital
€119,420▲ 21.5%
2024 · €98,281
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€110,865€56,524▼ 49.0%€82,968▲ 46.8%€129,043▲ 55.5%€131,733▲ 2.1%
Net result€85,419above the sector's middle half€37,059above the sector's middle half▼ 56.6%€56,638above the sector's middle half▲ 52.8%€88,298above the sector's middle half▲ 55.9%€89,464above the sector's middle half▲ 1.3%
Equity€186,834above the sector's middle half▲ 84.2%€223,094above the sector's middle half▲ 19.4%€203,196above the sector's middle half▼ 8.9%€248,037above the sector's middle half▲ 22.1%€234,401above the sector's middle half▼ 5.5%
Total assets€213,596within the sector's middle half▼ 7.8%€258,365within the sector's middle half▲ 21.0%€260,539within the sector's middle half▲ 0.8%€304,416above the sector's middle half▲ 16.8%€372,430above the sector's middle half▲ 22.3%
Debt€26,762▼ 28.0%€35,271▲ 31.8%€57,343▲ 62.6%€56,379▼ 1.7%€138,029▲ 145%
Working capital€77,871within the sector's middle half▲ 62.4%€53,007within the sector's middle half▼ 31.9%€45,557within the sector's middle half▼ 14.1%€98,281above the sector's middle half▲ 116%€119,420above the sector's middle half▲ 21.5%
Solvency87.5%above the sector's middle half▲ 43.7pp86.3%above the sector's middle half▼ 1.1pp78.0%above the sector's middle half▼ 8.4pp81.5%above the sector's middle half▲ 3.5pp62.9%within the sector's middle half▼ 18.5pp
Current ratio3.91above the sector's middle half▲ 1.242.50within the sector's middle half▼ 1.411.79within the sector's middle half▼ 0.712.74within the sector's middle half▲ 0.951.87within the sector's middle half▼ 0.88
Return on assets (ROA)40.0%above the sector's middle half▲ 46.0pp14.3%within the sector's middle half▼ 25.6pp21.7%above the sector's middle half▲ 7.4pp29.0%above the sector's middle half▲ 7.3pp24.0%above the sector's middle half▼ 5.0pp
Staff (FTE)2.7▲ 50.0%3▲ 11.1%2.9▼ 3.3%2.9=3.1▲ 6.9%
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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372,430
Fixed assets
€114,981 ▼ 23.2%
Current assets
€257,449 ▲ 66.5%
Equity and liabilities €372,430
Equity
€234,401 ▼ 5.5%
Debt
€138,029 ▲ 145%
Debt's share of the balance-sheet total rises from 18.5% to 37.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€166,508▲
2024 · €159,143
Cash flow
€124,239▲
2024 · €118,398
Debt to equity
0.59▲
2024 · 0.23
ROE
38.2%▲
2024 · 35.6%
Interest coverage
2685.61▼
2024 · 3978.58
Debt ≤ 1 year
€138,029▲
2024 · €56,379
Income taxes
€42,877▲
2024 · €41,126
Staff costs
€108,505▲
2024 · €56,515
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 31,370 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 | €66,873 | €101,850 | €88,075 | €56,515 | €108,505 | ▲ 92.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,889 | €21,294 | €29,797 | €30,100 | €34,775 | ▲ 15.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€92,979 | - | - | - | - | - |
| Other operating charges640/8 | €1,972 | €1,993 | €2,491 | €2,973 | €2,243 | ▼ 24.6% |
| Gross operating margin9900 | €132,620 | €181,661 | €203,331 | €218,631 | €277,256 | ▲ 26.8% |
| Operating profit (loss)9901 | €110,865 | €56,524 | €82,968 | €129,043 | €131,733 | ▲ 2.1% |
| Financial income75/76B | €70 | €46 | €206 | €421 | €670 | ▲ 59.1% |
| Recurring financial income75 | €70 | €46 | €206 | €421 | €670 | ▲ 59.1% |
| Financial charges65/66B | €995 | €260 | €49 | €40 | €62 | ▲ 55.0% |
| Recurring financial charges65 | €995 | €260 | €49 | €40 | €62 | ▲ 55.0% |
| Profit (loss) for the period before taxes9903 | €109,940 | €56,310 | €83,125 | €129,424 | €132,341 | ▲ 2.3% |
| Income taxes67/77 | €24,521 | €19,251 | €26,487 | €41,126 | €42,877 | ▲ 4.3% |
| Profit (loss) for the period9904 | €85,419 | €37,059 | €56,638 | €88,298 | €89,464 | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | €85,419 | €37,059 | €56,638 | €88,298 | €89,464 | ▲ 1.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,596 | €258,365 | €260,539 | €304,416 | €372,430 | ▲ 22.3% |
| Fixed assets21/28 | €108,963 | €170,087 | €157,639 | €149,756 | €114,981 | ▼ 23.2% |
| Tangible fixed assets22/27 | €108,343 | €169,467 | €157,019 | €149,136 | €114,361 | ▼ 23.3% |
| Land and buildings22 | €91,961 | €79,842 | €67,129 | €58,491 | €49,853 | ▼ 14.8% |
| Plant, machinery and equipment23 | €0 | €17,282 | €14,759 | €12,235 | €9,712 | ▼ 20.6% |
| Furniture and vehicles24 | €16,382 | €72,343 | €75,131 | €78,410 | €54,796 | ▼ 30.1% |
| Financial fixed assets28 | €620 | €620 | €620 | €620 | €620 | = |
| Current assets29/58 | €104,633 | €88,278 | €102,900 | €154,660 | €257,449 | ▲ 66.5% |
| Stocks and contracts in progress3 | - | €0 | - | - | - | - |
| Stocks30/36 | €0 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €51,724 | €77,500 | €63,490 | €48,561 | €73,145 | ▲ 50.6% |
| Trade receivables40 | €21,613 | €29,358 | €52,920 | €34,262 | €62,560 | ▲ 82.6% |
| Other amounts receivable41 | €30,111 | €48,142 | €10,570 | €14,299 | €10,585 | ▼ 26.0% |
| Cash at bank and in hand54/58 | €41,466 | €7,221 | €37,378 | €94,542 | €172,566 | ▲ 82.5% |
| Deferred charges and accrued income490/1 | €11,443 | €3,557 | €2,032 | €11,557 | €11,738 | ▲ 1.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,596 | €258,365 | €260,539 | €304,416 | €372,430 | ▲ 22.3% |
| Equity10/15 | €186,834 | €223,094 | €203,196 | €248,037 | €234,401 | ▼ 5.5% |
| Contributions10/11 | €30,987 | €30,987 | €1 | €1 | €1 | = |
| Reserves13 | €155,750 | €191,651 | €203,157 | €247,700 | €233,600 | ▼ 5.7% |
| Non-distributable reserves130/1 | €3,099 | - | - | - | - | - |
| Reserves not available under the articles1311 | €3,099 | - | - | - | - | - |
| Distributable reserves133 | €152,651 | €191,651 | €203,157 | €247,700 | €233,600 | ▼ 5.7% |
| Profit (loss) carried forward14 | €97 | €456 | €38 | €336 | €800 | ▲ 138% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €0 | - | - | - | - | - |
| Other liabilities and charges164/5 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €26,762 | €35,271 | €57,343 | €56,379 | €138,029 | ▲ 145% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,762 | €35,271 | €57,343 | €56,379 | €138,029 | ▲ 145% |
| Current portion of amounts payable after more than one year42 | €8,416 | - | - | - | - | - |
| Financial debts43 | - | - | - | - | €694 | - |
| Credit institutions430/8 | - | - | - | - | €694 | - |
| Trade debts44 | €11,015 | €14,357 | €2,600 | €1,560 | €2,556 | ▲ 63.8% |
| Suppliers440/4 | €11,015 | €14,357 | €2,600 | €1,560 | €2,556 | ▲ 63.8% |
| Taxes, remuneration and social security45 | €7,331 | €8,810 | €4,836 | €6,262 | €21,172 | ▲ 238% |
| Taxes450/3 | €0 | €240 | €1 | €1,127 | €2,296 | ▲ 104% |
| Remuneration and social security454/9 | €7,331 | €8,570 | €4,835 | €5,135 | €18,876 | ▲ 268% |
| Other amounts payable47/48 | - | €12,104 | €49,907 | €48,557 | €113,607 | ▲ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,419 | €37,059 | €56,638 | €88,298 | €89,464 | ▲ 1.3% |
| + Depreciation and write-downs630 | €45,889 | €21,294 | €29,797 | €30,100 | €34,775 | ▲ 15.5% |
| Operating cash flow (approximation) | €131,308 | €58,353 | €86,435 | €118,398 | €124,239 | ▲ 4.9% |
| Investment in fixed assets (approximation) | - | -€82,418 | -€17,349 | -€22,217 | €0 | ▲ 100% |
| Change in cash | - | -€34,245 | €30,157 | €57,164 | €78,024 | ▲ 36.5% |
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €89,464 ▲1.3%
Operating result €131,733, net result €89,464, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Equity above €200,000Eq €223,094 ▲19.4%
2 profitable years in a row build equity to €223,094.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €85,419
Net result €85,419 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €186,834 ▲84.2%
Equity rises from €101,415 to €186,834.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Weakest financial yearnet -€24,118
Net result drops to -€24,118, the lowest in the series; recovery starts the following year.
Show earlier events
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
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, Charleroi · 1 establishment unit since 1989
Ground area
1,292 m²
Building footprint
152 m²
Volume, LiDAR
850 m³
2 parcels, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AES
since 19892.041.486.051
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52342A0149/00V005 | Wallonia | 969 m² | 1 · 87 m² | 8.0 m · 2 fl. |
| 52342A0179/00W002 | Wallonia | 323 m² | 1 · 66 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,014 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
Founded01-07-1981
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
26300Manufacture of computer, electronic and optical products
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0421860027
Registered
22-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.