BELSYS
ActiveSummary
BELSYS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €587k and a net result of €-7k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 82% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-33
Solvency100▲+2
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 12.4 against 2.5 in 2024; short-term debt: 1.7% and cash: 6.7% of total assets), and 18.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
81.4%
Return on assets
-1%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
53 d late
2023
14 d early
2021
25 d late
2020
23 d late
2019
73 d late
2018
22 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€17k▼ 76.4%
2020 · €71k
2018: €144k
2020: €71k
2018 → 2021
EBIT margin
-180.8%▼ 207.5pp
2020 · 26.7%
2018: 15.0%
2020: 26.7%
2018 → 2021
Net result
€-7k
2024 · €329k
2018: €14k
2019: €10k
2020: €14k
2021: €-29k
2023: €-12k
2024: €329k
2018 → 2025
Working capital
€141k▼ 2.9%
2024 · €145k
2018: €-3k
2019: €16k
2020: €42k
2021: €30k
2023: €36k
2024: €145k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Turnover€71k-€17k▼ 76.4%
Equity€307k-€278k▼ 9.4%€265k▼ 4.7%€594k▲ 124%€587k▼ 1.3%
Operating result€19k-€-30k€-7k▲ 78.0%€457k€-11k
Net result€14k-€-29k€-12k▲ 58.4%€329k€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €457k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720k
Fixed assets
€567k ▼ 1.2%
Current assets
€153k ▼ 36.7%
Equity and liabilities €720k
Equity
€587k ▼ 1.3%
Provisions
€121k ▼ 2.8%
Debt
€12k ▼ 87.3%
Debt's share of the balance-sheet total falls from 11.9% to 1.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10k▼
2024 · €459k
Cash flow
€13k▼
2024 · €331k
Current ratio
12.40▲
2024 · 2.50
Debt to equity
0.02▼
2024 · 0.16
ROE
-1.3%▼
2024 · 55.4%
ROA
-1.0%▼
2024 · 40.3%
Interest coverage
9.47▼
2024 · 162.20
Debt ≤ 1 year
€12k▼
2024 · €97k
Income taxes
€341▲
2024 · €287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€816k€720k▼
Fixed assets21/28€574k€567k▼
Tangible fixed assets22/27€574k€567k▼
Land and buildings22€558k€541k▼
Plant, machinery and equipment23€16k€25k▲
Furniture and vehicles24-€1k
Current assets29/58€242k€153k▼
Amounts receivable within one year40/41€175k€104k▼
Trade receivables40€49k€82k▲
Other amounts receivable41€127k€22k▼
Cash at bank and in hand54/58€65k€48k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€816k€720k▼
Equity10/15€594k€587k▼
Contributions10/11€120k€120k=
Reserves13€482k€471k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€375k€364k▼
Distributable reserves133€107k€107k=
Profit (loss) carried forward14€-8k€-4k▲
Provisions and deferred taxes16€125k€121k▼
Deferred taxes168€125k€121k▼
Amounts payable17/49€97k€12k▼
Amounts payable within one year42/48€97k€12k▼
Financial debts43€0€2k▲
Credit institutions430/8€0€2k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€86k€668▼
Taxes450/3€86k€668▼
Other amounts payable47/48€7k€7k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€20k▲
Other operating charges640/8€5k€3k▼
Gross operating margin9900€464k€13k▼
Operating profit (loss)9901€457k€-11k▼
Financial income75/76B€0€996▲
Recurring financial income75€0€996▲
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€454k€-11k▼
Transfer from deferred taxes780€374€4k▲
Transfer to deferred taxes680€125k€0▼
Income taxes67/77€287€341▲
Profit (loss) for the period9904€329k€-7k▼
Transfer from tax-exempt reserves789€1k€11k▲
Transfer to tax-exempt reserves689€376k€0▼
Profit (loss) for the period to be appropriated9905€-46k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-4k▲
Profit (loss) brought forward from the previous period14P€38k€-8k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 5current ratio 12.40
Current ratio from 2.50 to 12.40; short-term debt falls from €97k to €12k.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-12
Financial
Back to profitnet €329k
Net result €329k after 2 loss-making years.
31-12
Financial
Equity above €500kEq €594k ▲124%
Equity rises from €265k to €594k.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €-29k ▼303%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Chaumont-Gistoux · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Corroy 131325 Chaumont-GistouxGround area
4,359 m²
Building footprint
510 m²
Parcel 25018A0642/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Corroy 13, 1325 Chaumont-Gistoux
since 19892.041.925.224
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25018A0642/00A000 | Wallonia | 4,359 m² | 1 · 510 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 2,122 companies in sector 46500 we hold annual accounts for 1,403. 984 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:bernard.stevenot@skynet.be
E-mail:bstevenot@gmail.com