Equity
Equity fell by 69% in 4 years.
Equity fell by 69% in 4 years.
The result rose in 2025 from €160,093 to €237,812.
Of this, €380,376 falls due within a year.
Green is investment, beige is depreciation.
The 2020 accounts came latest: 28 days after the end of the period.
Lower solvency than 89% of companies in computer programming and consultancy. Sector median 60.0% · 21,205 companies.
The dashed line is the sector median: 0.1% across 25,930 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 12% of them on solvency, 23% on liquidity, 82% on profitability and 47% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 875 companies had the same profile as BOX SYSTEMS has now. Each dot stands for 3 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BOX SYSTEMS itself is lower: 0.1% within 12 months. It rests on far more data about BOX SYSTEMS than the profile alone.
The method was tested on the 497,447 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 875 companies, not a prediction for BOX 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.
Liquidity is tight, with a current ratio of 1.01 (1.02 in 2024), below the usual 1.5. Short-term debt is 82% and cash 34.2% of total assets. 95.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 21 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BOX SYSTEMS Chaumont-Gistoux | €463,651 | €350,674 | 4.1% | - |
| JUMATEM Ottignies-Louvain-la-Neuve | €426,521 | €340,181 | 27.3% | - |
| Simple Group Verviers | €543,519 | €349,695 | 82.2% | - |
| Unpaid Ghent | €411,676 | €377,427 | 56.8% | - |
| Fotosoft Liège | €544,380 | €380,123 | 7.1% | - |
| Konfidi IT Services Lier | €521,901 | €369,092 | 28.5% | - |
| YAPLA Ghent | €542,068 | €310,481 | 33.4% | 3.1 |
These companies have the same main activity as BOX SYSTEMS: computer programming (NACE 62100). They are comparable in size and age: total assets between €412,000 and €544,000, founded between 2017 and 2019.
BOX SYSTEMS files the micro format. That format states no turnover. The gross margin rose from €77,563 in 2020 to €350,674 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
See how customers, suppliers and banks see your own company and what to improve first.
If something looks wrong or is missing, please tell us.