Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Of this, €64,931 falls due within a year.
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
About 4 in 100 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 3% of them on solvency, 2% on liquidity, 5% on profitability and 17% on growth.
The bankruptcy probability was computed on 10-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 6,619 companies had the same profile as CABLING & COMPUTER SYSTEMS has now. Each dot stands for 17 companies, two years later.
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CABLING & COMPUTER SYSTEMS itself: 4.4% within 12 months.
The method was tested on the 497,448 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 6,619 companies, not a prediction for CABLING & COMPUTER 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 insufficient, with a current ratio of 0.03 (0.02 in 2024), below 1. Short-term debt is 380.6% and cash 0.9% of total assets. Equity is negative.
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 7 accounts on average 28 days before 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 | ||||
|---|---|---|---|---|
| CABLING & COMPUTER SYSTEMS Brakel | €17,059 | -€1,910 | -284.0% | - |
| EDWIN2WIN Mons | €16,979 | -€18,452 | -496.7% | - |
| JABO SYSTEMS & CONSULTING Leuven | €16,173 | €817 | 96.8% | - |
| LORIC & CO Jette | €18,668 | -€5,533 | 71.0% | - |
| AL SERSIM Soignies | €18,449 | -€653 | 84.8% | - |
| BHL SERVICES Uccle | €15,549 | -€1,224 | -983.6% | - |
| I.D.E.A.S. Meise | €15,816 | -€2,509 | -506.8% | - |
These companies have the same main activity as CABLING & COMPUTER SYSTEMS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €15,500 and €18,700, founded between 1999 and 2003.
CABLING & COMPUTER SYSTEMS files the micro format. That format states no turnover. The gross margin fell from €1,648 in 2008 to -€1,910 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Lower than 95% of 21,208 companies in 2025.
Lower than 95% of 20,571 companies in 2025.
Lower than 95% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
17,059 | 25,173 | 34,921 | 9,670 | 11,833 | 6,109 | 6,062 | 1,308 | 1,547 | 813 | 813 | 1,068 | 1,323 | 1,578 | 1,787 | 1,968 | 3,145 | 7,265 | |
21/28 |
15,055 | 24,236 | 30,764 | 7,455 | 4,484 | 3,672 | 3,639 | 528 | 594 | 0 | 0 | 255 | 510 | 765 | 1,020 | 1,280 | 2,030 | 5,645 | |
22/27 |
15,055 | 24,236 | 30,764 | 7,455 | 4,484 | 3,672 | 3,639 | 528 | 594 | 0 | 0 | 255 | 510 | 765 | 1,020 | 1,280 | 2,030 | 5,645 | |
22 |
0 | 837 | 1,018 | 1,198 | 1,379 | 644 | 741 | 528 | 594 | - | - | - | - | - | - | 5 | 500 | 996 | |
23 |
2,505 | 2,070 | 2,507 | 1,184 | 1,693 | 1,009 | 927 | 0 | 0 | 0 | 0 | 255 | 510 | 765 | 1,020 | 1,275 | 1,530 | 4,649 | |
24 |
12,550 | 17,975 | 23,429 | 806 | 1,412 | 2,019 | 1,971 | - | - | - | - | - | - | - | - | - | - | - | |
26 |
0 | 3,353 | 3,810 | 4,267 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
2,004 | 938 | 4,157 | 2,215 | 7,349 | 2,437 | 2,423 | 780 | 953 | 813 | 813 | 813 | 813 | 813 | 767 | 688 | 1,115 | 1,620 | |
3 |
- | 0 | 901 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 536 | |
30/36 |
- | 0 | 901 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 536 | |
40/41 |
266 | 265 | 2,815 | 0 | 1,921 | 2,290 | 2,313 | 148 | 326 | 813 | 813 | 813 | 813 | 813 | 767 | 685 | 1,019 | 732 | |
40 |
83 | 265 | 1,253 | 0 | 1,921 | 2,225 | 2,225 | - | 326 | - | - | - | - | - | - | - | 379 | 717 | |
41 |
183 | 0 | 1,562 | - | 0 | 66 | 88 | 148 | - | 813 | 813 | 813 | 813 | 813 | 767 | 685 | 640 | 15 | |
54/58 |
146 | 336 | 133 | 144 | 182 | 146 | 110 | 633 | 627 | - | - | - | - | - | - | 3 | 96 | 303 | |
490/1 |
1,592 | 337 | 308 | 2,071 | 5,246 | - | - | - | - | - | - | - | - | - | - | - | - | 49 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
17,059 | 25,173 | 34,921 | 9,670 | 11,833 | 6,109 | 6,062 | 1,308 | 1,547 | 813 | 813 | 1,068 | 1,323 | 1,578 | 1,787 | 1,968 | 3,145 | 7,265 | |
10/15 |
-48,442 | -34,839 | -25,419 | -11,998 | -25,651 | -48,847 | -47,420 | -48,941 | -50,110 | -51,377 | -50,379 | -49,173 | -47,993 | -46,741 | -47,304 | -45,302 | -42,534 | -37,188 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-68,902 | -55,299 | -45,879 | -32,458 | -46,111 | -69,307 | -67,880 | -69,401 | -70,570 | -71,837 | -70,839 | -69,633 | -68,453 | -67,201 | -67,764 | -65,762 | -62,994 | -57,648 | |
17/49 |
65,501 | 60,013 | 60,340 | 21,668 | 37,484 | 54,956 | 53,482 | 50,250 | 51,657 | 52,190 | 51,192 | 50,240 | 49,316 | 48,319 | 49,091 | 47,270 | 45,679 | 44,453 | |
42/48 |
64,931 | 59,450 | 58,593 | 21,296 | 37,073 | 53,933 | 52,752 | 49,512 | 50,504 | 50,778 | 49,782 | 48,831 | 47,907 | 45,938 | 47,326 | 46,201 | 44,725 | 41,303 | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 27 | 27 | - | 11,220 | 11,220 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 27 | 27 | - | 11,220 | 11,220 | |
44 |
0 | 502 | 1,495 | 77 | 1,200 | 341 | - | 1,255 | 39 | 125 | 125 | 124 | 122 | 561 | 22 | 555 | 4,097 | 37 | |
440/4 |
0 | 502 | 1,495 | 77 | 1,200 | 341 | - | 1,255 | 39 | 125 | 125 | 124 | 122 | 561 | 22 | 555 | 4,097 | 37 | |
46 |
- | 0 | 73 | - | - | 0 | 73 | 73 | - | - | - | - | - | - | - | - | - | - | |
45 |
332 | 613 | 172 | 1,982 | 1,003 | 981 | 349 | 502 | 619 | - | - | - | - | - | 2,553 | 2,553 | 3,588 | 3,294 | |
450/3 |
332 | 613 | 172 | 1,982 | 1,003 | 981 | 349 | 502 | 619 | - | - | - | - | - | 2,553 | 2,553 | 3,588 | 3,294 | |
47/48 |
64,599 | 58,335 | 56,853 | 19,237 | 34,870 | 52,611 | 52,331 | 47,683 | 49,846 | 50,653 | 49,657 | 48,707 | 47,784 | 45,350 | 44,723 | 43,093 | 25,820 | 26,752 | |
492/3 |
570 | 563 | 1,747 | 372 | 411 | 1,023 | 729 | 737 | 1,153 | 1,412 | 1,410 | 1,410 | 1,409 | 2,380 | 1,765 | 1,069 | 954 | 3,150 | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | 10,179 | - | - | - | - | - | - | - | - | - | |
9900 |
-1,910 | -1,650 | -7,261 | 15,944 | 24,554 | -127 | 2,952 | 1,479 | 2,379 | -771 | -727 | -801 | -858 | -1,368 | -1,505 | -257 | -1,347 | 1,648 | |
60/61 |
- | - | - | - | - | - | - | - | 8,004 | 771 | 727 | 801 | 858 | - | - | - | - | - | |
630 |
6,270 | 6,830 | 5,457 | 1,602 | 1,073 | 875 | 821 | 66 | 66 | - | 255 | 255 | 255 | 255 | 260 | 750 | 3,615 | 3,673 | |
631/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 27,065 | |
640/8 |
5,145 | 703 | 479 | 575 | 240 | 382 | 547 | 236 | 1,044 | 227 | 225 | 124 | 122 | 329 | 208 | 113 | 315 | 1,090 | |
66A |
0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
-13,325 | -9,183 | -13,197 | 13,767 | 23,242 | -1,383 | 1,584 | 1,177 | 1,269 | -998 | -1,206 | -1,180 | -1,235 | -1,951 | -1,973 | -1,120 | -5,277 | -30,180 | |
75/76B |
0 | 0 | 0 | 11 | - | 0 | 0 | 2 | - | - | - | - | - | 2,514 | - | - | - | - | |
75 |
0 | 0 | 0 | 11 | - | 0 | 0 | 2 | - | - | - | - | - | 2,514 | - | - | - | - | |
65/66B |
46 | 42 | 52 | 125 | 46 | 44 | 62 | 9 | 2 | - | - | - | 17 | - | 29 | 1,648 | 69 | 1,807 | |
65 |
46 | 42 | 52 | 125 | 46 | 44 | 62 | 9 | 2 | - | - | - | 17 | - | 29 | 1,648 | 69 | 1,807 | |
9903 |
-13,372 | -9,225 | -13,249 | 13,653 | 23,196 | -1,428 | 1,522 | 1,169 | 1,267 | -998 | -1,206 | -1,180 | -1,252 | 563 | -2,002 | -2,768 | -5,346 | -31,987 | |
67/77 |
231 | 195 | 172 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
-13,603 | -9,420 | -13,421 | 13,653 | 23,196 | -1,428 | 1,522 | 1,169 | 1,267 | -998 | -1,206 | -1,180 | -1,252 | 563 | -2,002 | -2,768 | -5,346 | -31,987 | |
9905 |
-13,603 | -9,420 | -13,421 | 13,653 | 23,196 | -1,428 | 1,522 | 1,169 | 1,267 | -998 | -1,206 | -1,180 | -1,252 | 563 | -2,002 | -2,768 | -5,346 | -31,987 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-68,902 | -55,299 | -45,879 | -32,458 | -46,111 | -69,307 | -67,880 | -69,401 | -70,570 | -71,837 | -70,839 | -69,633 | -68,453 | -67,201 | -67,764 | -65,762 | -62,994 | -57,648 | |
14P |
-55,299 | -45,879 | -32,458 | -46,111 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 15 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-12-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-12-2025 | 2025-00591361 | |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00013814 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00016575 | |
| 30-06-2022 | micro format | 23-12-2022 | 2022-20544854 | |
| 30-06-2021 | micro format | 22-12-2021 | 2021-81400357 | |
| 30-06-2020 | micro format | 21-12-2020 | 2020-76400049 | |
| 30-06-2019 | micro format | 20-12-2019 | 2019-77000491 | |
| 30-06-2018 | micro format | 21-12-2018 | 2018-75300429 | |
| 30-06-2017 | micro format | 22-12-2017 | 2017-72800381 | |
| 30-06-2016 | abbreviated format | 22-12-2016 | 2016-71000366 | |
| 30-06-2015 | abbreviated format | 22-12-2015 | 2015-69900209 | |
| 30-06-2014 | abbreviated format | 23-12-2014 | 2014-70200581 | |
| 30-06-2013 | abbreviated format | 23-12-2013 | 2013-69600548 | |
| 30-06-2012 | abbreviated format | 21-12-2012 | 2012-67600133 | |
| 30-06-2011 | abbreviated format | 26-07-2012 | 2012-34700042 | |
| 30-06-2010 | abbreviated format | 31-01-2011 | 2011-02200049 | |
| 30-06-2009 | abbreviated format | 29-01-2010 | 2010-03100282 | |
| 30-06-2008 | abbreviated format | 31-01-2009 | 2009-03100020 | |
| 30-06-2005 | abbreviated format | 28-04-2006 | 2006-12801923 | |
| 30-06-2004 | abbreviated format | 25-02-2005 | 2005-06003712 | |
| 30-06-2003 | abbreviated format | 29-12-2003 | 2003-86105293 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -7,055 | -2,353 | -7,740 | 15,369 | 24,314 | -509 | 2,405 | 1,243 | 1,335 | - | -951 | -925 | -980 | -1,696 | -1,713 | -370 | -1,662 | -26,507 | ||
| -7,332 | -2,590 | -7,964 | 15,255 | 24,268 | -553 | 2,343 | 1,235 | 1,333 | - | -951 | -925 | -997 | 818 | -1,742 | -2,018 | -1,731 | -28,314 | ||
| 1,280 | 302 | 28,766 | 4,573 | 1,884 | 908 | 3,932 | 0 | 660 | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | ||
| -190 | 203 | -11 | -38 | 36 | 36 | -523 | 5 | - | - | - | - | - | - | - | -93 | -207 | - | ||
| -62,927 | -58,512 | -54,436 | -19,081 | -29,724 | -51,496 | -50,329 | -48,732 | -49,551 | -49,965 | -48,969 | -48,018 | -47,094 | -45,125 | -46,559 | -45,513 | -43,610 | -39,683 | ||
| - | - | - | - | - | - | - | - | 12.5% | - | - | - | - | - | - | - | - | - | ||
| -284.0% | -138.4% | -72.8% | -124.1% | -216.8% | -799.6% | -782.2% | - | - | - | - | - | - | - | - | - | - | -511.9% | ||
| 0.03 | 0.02 | 0.07 | 0.10 | 0.20 | 0.05 | 0.05 | - | - | - | - | - | - | - | - | - | - | 0.04 | ||
| 0.03 | 0.02 | 0.06 | 0.10 | 0.20 | 0.05 | 0.05 | - | - | - | - | - | - | - | - | - | - | 0.03 | ||
| -79.7% | -37.4% | -38.4% | 141.2% | 196.0% | -23.4% | 25.1% | - | - | - | - | - | - | - | - | - | - | -440.3% | ||
| -151.95 | -55.51 | -149.65 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 12 days | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 2 days | 59 days | 63 days | 57 days | 52 days | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €1,280 | €302 | €28,766 | €4,573 |
| €6,270 | €6,830 | €5,457 | €1,602 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,325, larger than the loss of €9,183 in 2024. It is the lowest result since 2008.
Equity is negative. Debt (€65,501) exceeds the balance-sheet total (€17,059).
CABLING & COMPUTER SYSTEMS has no parent and no holdings in its annual accounts. De Vreese, Guy is the only director. CABLING & COMPUTER SYSTEMS shares no director with another company.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
CABLING & COMPUTER SYSTEMS was incorporated on 14 May 2002.1 The registered office was moved to Brakel in 2025.2 De Vreese, Guy is statutory director of the company according to the deed of 08-02-2023.3 Total assets rose from €6,062 in 2019 to €17,059 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Kruisstraat 91 registered office 9660 Brakel 4321101 General electrical installation work | 11-06-2002 | 2.096.072.109 |
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