BAC SYSTEM
ActiveSummary
For BAC SYSTEM, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €64,629 and a net result of €17,286. Equity is growing by ~55.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 36378 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability90▼-10
Solvency90▼-10
Growth72=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six 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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.9%
Return on assets
17.4%
Age of the figures
30 mo
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
raises risk · Annual accounts not filed
The financial year that closed on 31-03-2025 was due at the National Bank by 31-10-2025. Nothing is on record, 335 days later.
NBB · 10 filingsPosition against the passed deadline
31-03-2025 close31-10-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 31-12-2024, 61 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
61 d late
2023
61 d late
2022
28 d early
2021
2 d early
2020
on the day
2019
31 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 10 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
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Financials · fiscal year 2024, micro schema
Turnover
€311,005▼ 17.7%
2021 · €377,744
EBIT margin
1.5%▲ 1.0pp
2021 · 0.5%
Net result
€17,286▼ 36.9%
2023 · €27,403
Working capital
€63,021▲ 34.2%
2023 · €46,952
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€289,104▲ 17.6%€377,744▲ 30.7%€311,005▼ 17.7%
Operating result€8,205€2,047▼ 75.1%€4,641▲ 127%€30,673▲ 561%€20,950▼ 31.7%
Net result€7,727within the sector's middle half€1,556within the sector's middle half▼ 79.9%€4,112within the sector's middle half▲ 164%€27,403within the sector's middle half▲ 567%€17,286within the sector's middle half▼ 36.9%
EBIT margin2.8%▲ 15.3pp0.5%▼ 2.3pp1.5%▲ 1.0pp
Equity€14,272below the sector's middle half▲ 118%€15,828below the sector's middle half▲ 10.9%€19,940below the sector's middle half▲ 26.0%€47,343within the sector's middle half▲ 137%€64,629within the sector's middle half▲ 36.5%
Total assets€31,068below the sector's middle half▲ 97.7%€44,058below the sector's middle half▲ 41.8%€32,882below the sector's middle half▼ 25.4%€62,496below the sector's middle half▲ 90.1%€99,535within the sector's middle half▲ 59.3%
Debt€16,796▲ 83.2%€28,230▲ 68.1%€12,943▼ 54.2%€15,153▲ 17.1%€34,907▲ 130%
Working capital€11,691within the sector's middle half▲ 1,748%€13,935within the sector's middle half▲ 19.2%€20,137within the sector's middle half▲ 44.5%€46,952within the sector's middle half▲ 133%€63,021within the sector's middle half▲ 34.2%
Solvency45.9%within the sector's middle half▲ 4.3pp35.9%within the sector's middle half▼ 10.0pp60.6%within the sector's middle half▲ 24.7pp75.8%above the sector's middle half▲ 15.1pp64.9%within the sector's middle half▼ 10.8pp
Current ratio1.74within the sector's middle half▲ 0.671.49within the sector's middle half▼ 0.242.83within the sector's middle half▲ 1.344.48above the sector's middle half▲ 1.642.81within the sector's middle half▼ 1.67
Return on assets (ROA)24.9%above the sector's middle half▲ 219.9pp3.5%within the sector's middle half▼ 21.3pp12.5%within the sector's middle half▲ 9.0pp43.8%above the sector's middle half▲ 31.3pp17.4%within the sector's middle half▼ 26.5pp
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 falls in 2024; 2024 is 32% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €99,535
Fixed assets
€1,608 ▼ 21.0%
Current assets
€97,927 ▲ 62.0%
Equity and liabilities €99,535
Equity
€64,629 ▲ 36.5%
Debt
€34,907 ▲ 130%
Debt's share of the balance-sheet total rises from 24.2% to 35.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,028▼
2023 · €31,611
Cash flow
€18,364▼
2023 · €28,341
Debt to equity
0.54▲
2023 · 0.32
ROE
26.7%▼
2023 · 57.9%
Interest coverage
121.81▼
2023 · 141.68
Debt ≤ 1 year
€34,907▲
2023 · €13,509
Income taxes
€7,033▲
2023 · €3,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €289,104 | €377,744 | €311,005 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €304,775 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,752 | €2,969 | €1,248 | €938 | €1,078 | ▲ 15.0% |
| Other operating charges640/8 | - | - | €341 | €646 | €588 | ▼ 9.0% |
| Gross operating margin9900 | €12,192 | €5,336 | €6,229 | €32,257 | €22,616 | ▼ 29.9% |
| Operating profit (loss)9901 | €8,205 | €2,047 | €4,641 | €30,673 | €20,950 | ▼ 31.7% |
| Financial income75/76B | - | - | €4 | €10 | €3,549 | ▲ 35,181% |
| Recurring financial income75 | €168 | €25 | €4 | €10 | €3,549 | ▲ 35,181% |
| Financial charges65/66B | - | - | €134 | €223 | €181 | ▼ 19.0% |
| Recurring financial charges65 | €246 | €515 | €134 | €223 | €181 | ▼ 19.0% |
| Profit (loss) for the period before taxes9903 | €8,127 | €1,556 | €4,512 | €30,460 | €24,318 | ▼ 20.2% |
| Income taxes67/77 | €400 | - | €400 | €3,057 | €7,033 | ▲ 130% |
| Profit (loss) for the period9904 | €7,727 | €1,556 | €4,112 | €27,403 | €17,286 | ▼ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €7,727 | €1,556 | €4,112 | €27,403 | €17,286 | ▼ 36.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,068 | €44,058 | €32,882 | €62,496 | €99,535 | ▲ 59.3% |
| Fixed assets21/28 | €3,481 | €1,893 | €1,755 | €2,035 | €1,608 | ▼ 21.0% |
| Tangible fixed assets22/27 | €3,481 | €1,893 | €1,755 | €2,035 | €1,608 | ▼ 21.0% |
| Plant, machinery and equipment23 | - | - | €1,755 | €825 | €257 | ▼ 68.8% |
| Furniture and vehicles24 | - | - | - | €1,210 | €1,351 | ▲ 11.6% |
| Current assets29/58 | €27,587 | €42,165 | €31,127 | €60,461 | €97,927 | ▲ 62.0% |
| Amounts receivable within one year40/41 | €15,724 | €22,639 | €29,460 | €56,405 | €92,887 | ▲ 64.7% |
| Trade receivables40 | - | - | €21,354 | €4,447 | €8,270 | ▲ 86.0% |
| Other amounts receivable41 | - | - | €8,106 | €51,958 | €84,617 | ▲ 62.9% |
| Cash at bank and in hand54/58 | €11,465 | €18,578 | €645 | €3,314 | €327 | ▼ 90.1% |
| Deferred charges and accrued income490/1 | - | - | €1,022 | €742 | €4,712 | ▲ 535% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,068 | €44,058 | €32,882 | €62,496 | €99,535 | ▲ 59.3% |
| Equity10/15 | €14,272 | €15,828 | €19,940 | €47,343 | €64,629 | ▲ 36.5% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,860 | €5,860 | €9,860 | €9,860 | €27,146 | ▲ 175% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €8,000 | €8,000 | €25,286 | ▲ 216% |
| Profit (loss) carried forward14 | -€10,188 | -€8,632 | -€8,520 | €18,883 | €18,883 | = |
| Amounts payable17/49 | €16,796 | €28,230 | €12,943 | €15,153 | €34,907 | ▲ 130% |
| Amounts payable within one year42/48 | €15,896 | €28,230 | €10,990 | €13,509 | €34,907 | ▲ 158% |
| Trade debts44 | €9,746 | €17,406 | €4,589 | €10,452 | €25,874 | ▲ 148% |
| Suppliers440/4 | - | - | €4,589 | €10,452 | €25,874 | ▲ 148% |
| Taxes, remuneration and social security45 | - | - | €4,478 | €3,057 | €9,033 | ▲ 195% |
| Taxes450/3 | - | - | €4,478 | €3,057 | €9,033 | ▲ 195% |
| Other amounts payable47/48 | - | - | €1,922 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €1,953 | €1,644 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,727 | €1,556 | €4,112 | €27,403 | €17,286 | ▼ 36.9% |
| + Depreciation and write-downs630 | €3,752 | €2,969 | €1,248 | €938 | €1,078 | ▲ 15.0% |
| Operating cash flow (approximation) | €11,480 | €4,526 | €5,359 | €28,341 | €18,364 | ▼ 35.2% |
| Investment in fixed assets (approximation) | - | -€1,381 | -€1,110 | -€1,217 | -€652 | ▲ 46.5% |
| Change in cash | - | €7,113 | -€17,933 | €2,669 | -€2,987 | ▼ 212% |
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
2024
31-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
31-03
Financial
Highest result since 2019net €27,403 ▲567%
Operating result €30,673, net result €27,403, both a record.
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €7,727
Net result €7,727 after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2009
Ground area
1.1 ha
Building footprint
2,263 m²
Volume, LiDAR
13,779 m³
Parcel 52058B0561/00P122, Wallonia · tallest building 17.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BAC SYSTEM
since 20092.178.848.048
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52058B0561/00P122indicative | Wallonia | 1.1 ha | 1 · 2,263 m² | 17.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 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 11,128 companies in this sector we hold annual accounts for 5,494. 4,781 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded22-05-2009
Fiscal year end31-03
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
43410Roofing work
E-invoicing
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