Financials
- Fiscal year
- 2024
- Turnover
- €1.7m
- Loss
- -€454,217
- Solvency
- 10.9%
Turnover▼ 27.5%
Net result
20182024
Bowe Systec
ActiveSummary
The annual accounts of Bowe Systec for fiscal year 2024 show a net loss of 72% of total assets and of 87% of the equity at the start of that year. The 2024 annual accounts show equity of €68,893 and a net result of -€454,217. Equity is shrinking by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 16% of 9085 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
What they do
Wholesale of electrical equipment, including installation materials
NACE 46643Wholesale of other machinery and equipment NACE 46649NACE 46693
1 site
How big
€1.7mturnover 2024
- Staff
- 8.8 FTE
- Equity
- €68,893
- Loss
- -€454,217
Who decides
- Parent
- Böwe Systec Benelux B.V. · 100%
- Board
- 2 members
Accounts 63 d overdue
Why 43- Higher-failure-rate region- Annual accounts: weaker financial profile- Higher-failure-rate sector- Persistent losses- Weak solvency vs sector+ Long track record+ Lower-risk legal formFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency36▼-50
Growth22=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.26 against 2.51 in 2023; short-term debt: 77.1% and cash: 34.5% of total assets), and 89.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Eight 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 · 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
10.9%
Return on assets
-71.7%
Age of the figures
21 mo
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€454,217
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9085 sector peers (2024).
NBB · sector comparisonPosition among 9085 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-09-2025, 34 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 confirmed
2024
34 d late
2023
72 d late
2022
4 d early
2021
58 d early
2020
57 d early
2019
57 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 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Registered officeRegistered-office move · Power of…
- Resignation: Harmjan CUPPEN (director)Director discharge
- Appointment: Loïc René BUSNEL (director)State Gazette act
Key points
- Risk: 4 loss-making years in a rowloss fiscal year 2024 -€454,217 View
- Caution: Equity fell in 2024from €523,110 to €68,893 ▼ 86.8% View
- Caution: Among the weakest 5% on net resultsector median €40,118 · 9,080 companies -€454,217 View
- Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
- Controlled by Böwe Systec Benelux B.V.known shareholders 100% 100% View
- Board changedlatest change 19-06-2026 · 2 in office 1 joined · 1 left View
By topic
Board & ownership
- Board
- 2 members
- Parent
- Böwe Systec Benelux B.V. · 100%
- Known shareholders
- 100%
Go to Board & ownership
Network & group
- Group
- L. Possehl & Co…
Timeline
- Events
- 34
- Since
- 2008
- 04-09-2026Registered office
- 19-06-2026Resignation: Harmjan CUPPEN (director)
- 06-01-2026Appointment: Loïc René BUSNEL (director)
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of electrical equipment, including installation materialsNACE 46643
- Founded
- 10-07-1996
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De handel in machines, met name in machines voor geautomatiseerde postverwerking...…
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.