BETA - SYSTEMS
ActiveSummary
BETA - SYSTEMS has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33,415 and a net result of -€5. Equity has been shrinking by about 5% per year since 2018. Its solvency ranks better than 95% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-09-1994 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 2 others
- Establishment unit
- 2.068.301.504 9630 Zwalm, since 20-09-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Turnover
- €42,636
- Loss
- €5
- Equity
- €33,415
- ▼ 9.0%
- Total assets
- €36,129
- ▼ 19.2%
- Staff
- ≈ 0 FTE
- estimated
- 2025 accounts filed 1 day after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Last filed accounts filed 1 day late; 1 of the last 3 accounts lateSize: turnover €42,636, total assets €36,129lowers riskFounded in 1994Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 51% on liquidity, 21% on profitability and 25% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 1 day after the deadline Filed on 1 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00371445.
Annual accounts 2025 filed on 01-08-2026 at the NBB all 29 filings
Every figure per financial year
The operating result for 2025 is 67% lower than in 2024.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,194 | €17,506 | - | - | - |
| Financial fixed assets | - | - | - | €50 | - |
| Depreciation and write-downs of the year | €3,626 | €3,519 | €5,954 | €4,172 | €1,176 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | - | €42,636 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | - | €40,227 | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €796 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €1,624 | €1,824 | €3,626 | €3,519 | €5,954 | €4,172 | €1,176 | ▼ 71.8% |
| Other operating charges640/8 | - | - | - | €1,972 | €122 | €154 | €306 | €35 | ▼ 88.5% |
| Gross operating margin9900 | €25,032 | €4,299 | €1,859 | €5,875 | -€3,229 | -€3,538 | €5,706 | €2,410 | ▼ 57.8% |
| Operating profit (loss)9901 | €16,245 | €2,542 | -€85 | €278 | -€6,870 | -€9,646 | €1,229 | €403 | ▼ 67.2% |
| Financial income75/76B | - | - | - | €380 | €1,346 | €3 | €574 | €19 | ▼ 96.6% |
| Recurring financial income75 | €420 | €655 | €540 | €380 | €1,346 | €3 | €574 | €19 | ▼ 96.6% |
| Financial charges65/66B | - | - | - | €209 | €738 | €86 | €261 | €428 | ▲ 63.9% |
| Recurring financial charges65 | €65 | €41 | €140 | €209 | €738 | €86 | €261 | €428 | ▲ 63.9% |
| Profit (loss) for the period before taxes9903 | €16,600 | €3,156 | €315 | €449 | -€6,261 | -€9,729 | €1,542 | -€5 | - |
| Income taxes67/77 | €8,911 | €711 | €54 | €0 | €0 | - | €140 | - | - |
| Profit (loss) for the period9904 | €7,689 | €2,445 | €261 | €449 | -€6,261 | -€9,729 | €1,401 | -€5 | - |
| Profit (loss) for the period to be appropriated9905 | €7,689 | €2,445 | €261 | €449 | -€6,261 | -€9,729 | €1,401 | -€5 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €64,803 | €61,705 | €53,896 | €49,594 | €46,125 | €41,768 | €44,710 | €36,129 | ▼ 19.2% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €14,796 | €18,045 | €18,778 | €21,346 | €35,333 | €29,379 | €25,257 | €19,754 | ▼ 21.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €14,796 | €18,045 | €18,778 | €21,346 | €35,333 | €29,379 | €25,207 | €19,754 | ▼ 21.6% |
| Plant, machinery and equipment23 | - | - | - | €14,796 | €23,356 | €21,555 | €19,754 | €19,754 | = |
| Furniture and vehicles24 | - | - | - | €6,550 | €11,977 | €7,824 | €5,453 | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - | €50 | - | - |
| Current assets29/58 | €50,008 | €43,661 | €35,118 | €28,248 | €10,793 | €12,389 | €19,453 | €16,375 | ▼ 15.8% |
| Amounts receivable after more than one year29 | - | - | - | €18,500 | €0 | - | €13,429 | €5,973 | ▼ 55.5% |
| Other amounts receivable291 | - | - | - | €18,500 | €0 | - | €13,429 | €5,973 | ▼ 55.5% |
| Stocks and contracts in progress3 | €0 | - | €5,579 | €8,125 | €3,235 | €3,154 | €3,474 | €3,474 | = |
| Stocks30/36 | - | - | - | €8,125 | €3,235 | €3,154 | €3,474 | €3,474 | = |
| Amounts receivable within one year40/41 | €236 | €3,303 | €7,329 | €1,622 | €2,500 | €7,600 | €2,550 | €1,060 | ▼ 58.5% |
| Trade receivables40 | - | - | - | €1,622 | €2,500 | €5,839 | €2,058 | €786 | ▼ 61.8% |
| Other amounts receivable41 | - | - | - | - | - | €1,761 | €493 | €274 | ▼ 44.5% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €19,772 | €4,858 | €3,710 | €0 | €3,817 | €0 | - | €1,336 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,241 | €1,635 | €0 | €4,533 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €64,803 | €61,705 | €53,896 | €49,594 | €46,125 | €41,768 | €44,710 | €36,129 | ▼ 19.2% |
| Equity10/15 | €45,298 | €47,744 | €48,004 | €48,453 | €45,035 | €35,306 | €36,708 | €33,415 | ▼ 9.0% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €26,706 | €29,152 | €29,412 | €29,861 | €26,443 | €16,714 | €18,116 | €14,828 | ▼ 18.1% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €28,002 | €24,584 | €16,714 | €18,116 | €14,828 | ▼ 18.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | -€5 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €19,505 | €13,962 | €5,891 | €1,141 | €1,090 | €6,462 | €8,003 | €2,714 | ▼ 66.1% |
| Amounts payable after more than one year17 | €962 | €109 | €47 | €0 | €91 | €138 | €0 | €342 | - |
| Other amounts payable178/9 | - | - | - | €0 | €91 | €138 | €0 | €342 | - |
| Amounts payable within one year42/48 | €18,543 | €13,853 | €5,844 | €1,141 | €999 | €6,324 | €8,003 | €2,372 | ▼ 70.4% |
| Financial debts43 | - | - | - | €633 | €0 | €162 | €2,394 | - | - |
| Credit institutions430/8 | - | - | - | €633 | €0 | €162 | €2,394 | - | - |
| Trade debts44 | €9,632 | €4,231 | €1,184 | €0 | - | €6,162 | €5,468 | €2,342 | ▼ 57.2% |
| Suppliers440/4 | - | - | - | €0 | - | €6,162 | €5,468 | €2,342 | ▼ 57.2% |
| Taxes, remuneration and social security45 | - | - | - | €508 | €999 | €0 | €140 | €29 | ▼ 79.1% |
| Taxes450/3 | - | - | - | €508 | €999 | €0 | €140 | €29 | ▼ 79.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,689 | €2,445 | €261 | €449 | -€6,261 | -€9,729 | €1,401 | -€5 | - |
| + Depreciation and write-downs630 | €0 | €1,624 | €1,824 | €3,626 | €3,519 | €5,954 | €4,172 | €1,176 | ▼ 71.8% |
| Operating cash flow (approximation) | €7,689 | €4,070 | €2,085 | €4,074 | -€2,742 | -€3,775 | €5,574 | €1,170 | ▼ 79.0% |
| Investment in fixed assets (approximation) | - | -€4,873 | -€2,558 | -€6,194 | -€17,506 | €0 | -€50 | €4,327 | - |
| Change in cash | - | -€14,914 | -€1,148 | -€3,710 | €3,817 | -€3,817 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as BETA - SYSTEMS has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BETA - SYSTEMS itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for BETA - SYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 01-08-2026 | 2026-00371445 | |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00503755 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00402548 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00377760 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20372592 | |
| 31-12-2020 | micro format | 30-09-2021 | 2021-69300085 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-46700514 | |
| 31-12-2018 | micro format | 28-08-2019 | 2019-52000382 | |
| 31-12-2017 | micro format | 25-07-2018 | 2018-38600174 | |
| 31-12-2016 | abbreviated format | 03-06-2018 | 2018-15800001 |
Board & ownership
Directors
Owners and capital
Shareholders
- VAN GEERTRUY Ludwig Gustaaf all shares
Capital transactions
- 13-11-2023 Converted to unavailable equity · €20,451.21
Articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “750, gelijk recht in winstverdeling en vereffeningsaldo”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid verworven aantal, Artikel 9”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen vanaf openstelling intekening, inbreng in geld met uitgifte nieuwe aandelen-recht van voorkeur”
Audit, dissolution and liquidation
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Recht algemene vergadering om één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en vergoeding te bepalen, ontbinding om…”
Articles of association, deed of 13-11-2023 (in Dutch)
Network & group
BETA - SYSTEMS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BETA - SYSTEMS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
13-11
Gazette deed
Appointment: VAN GEERTRUY Ludwig Gustaaf (statutory director)Registered office clause · Shareholding · Amendment of the articles11 points ▸
- Director appointment, VAN GEERTRUY Ludwig Gustaaf (statutory director)
- Registered office clause, “9630 Zwalm,Noordlaan 92” (deed in Dutch)
- General meeting, 06-11-2023
- Other provision, “samenstelling bureau, gering aantal aanwezigen” (deed in Dutch)
- VAN GEERTRUY Ludwig Gustaaf holds all the shares
- Other provision, “comparanten, afstand formaliteiten bijeenroeping” (deed in Dutch)
- Other provision, “eenhoofdigheid, artikel 2:8,§4 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, vormen en meerderheden statutenwijziging” (deed in Dutch)
- Other provision, “adres van de zetel”, 4 (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Text of the purpose
“Fabricatie en verkoop van technische installaties,onderdelen,machines,software,automatisatie,PLC’s voor gebruik in verwarming-ventilatie–airconditioning,apparatuur zoals warmtepompen en zonnepanelen”
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0453.322.768
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45016A0576/00X000 | Flanders | 706 m² | 1 · 184 m² | 8.8 m · 1 |