CHEMSYSTEMS
InactiveCHEMSYSTEMS was declared bankrupt on 30-04-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed by liquidation by judgment of 02-12-2025, published in the Belgian State Gazette on 09-12-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-07-2023, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
17 d early
2021
33 d early
2020
15 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 21 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, abbreviated schema
Equity
€188,265▲ 798%
2021 · €20,969
Total assets
€482,497▲ 27.5%
2021 · €378,495
Net result
€167,295▲ 6,147%
2021 · €2,678
Working capital
-€139,748▲ 21.4%
2021 · -€177,825
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€10,540-€68€29,958▲ 44,171%€5,093▼ 83.0%€173,310▲ 3,303%
Net result-€10,753--€268▲ 97.5%€23,062€2,678▼ 88.4%€167,295▲ 6,147%
Equity-€4,503--€4,771▼ 5.9%€18,291€20,969▲ 14.6%€188,265▲ 798%
Total assets€11,899-€258,203▲ 2,070%€468,513▲ 81.5%€378,495▼ 19.2%€482,497▲ 27.5%
Debt€16,402-€262,974▲ 1,503%€450,222▲ 71.2%€357,526▼ 20.6%€294,232▼ 17.7%
Working capital-€7,628--€215,141▼ 2,720%-€178,038▲ 17.2%-€177,825▲ 0.1%-€139,748▲ 21.4%
Staff (FTE)11=1.8▲ 80.0%2▲ 11.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 3,303% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €482,497
Fixed assets
€350,897 ▲ 71.8%
Current assets
€131,600 ▼ 24.5%
Equity and liabilities €482,497
Equity
€188,265 ▲ 798%
Debt
€294,232 ▼ 17.7%
Debt's share of the balance-sheet total falls from 94.5% to 61.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€191,035▲
2021 · €19,770
Cash flow
€185,020▲
2021 · €17,355
Current ratio
0.48▼
2021 · 0.49
Debt to equity
1.56▼
2021 · 17.05
ROE
88.9%▲
2021 · 12.8%
ROA
34.7%▲
2021 · 0.7%
Interest coverage
23.70▲
2021 · 4.37
Debt ≤ 1 year
€271,348▼
2021 · €352,073
Debt > 1 year
€16,106▲
2021 · €1,359
Staff costs
€122,671▲
2021 · €86,311
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €86,311 | €122,671 | ▲ 42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,400 | €14,271 | €14,384 | €14,677 | €17,725 | ▲ 20.8% |
| Other operating charges640/8 | - | - | - | €101 | €112 | ▲ 11.3% |
| Gross operating margin9900 | -€8,140 | €53,862 | €65,327 | €106,182 | €313,818 | ▲ 196% |
| Operating profit (loss)9901 | -€10,540 | €68 | €29,958 | €5,093 | €173,310 | ▲ 3,303% |
| Financial income75/76B | - | - | - | €2,008 | €2,047 | ▲ 1.9% |
| Recurring financial income75 | - | - | €417 | €2,008 | €2,047 | ▲ 1.9% |
| Financial charges65/66B | - | - | - | €4,525 | €8,062 | ▲ 78.2% |
| Recurring financial charges65 | €213 | €336 | €4,075 | €4,525 | €8,062 | ▲ 78.2% |
| Profit (loss) for the period before taxes9903 | -€10,753 | -€268 | €26,300 | €2,576 | €167,295 | ▲ 6,394% |
| Income taxes67/77 | - | - | €3,238 | -€102 | - | - |
| Profit (loss) for the period9904 | -€10,753 | -€268 | €23,062 | €2,678 | €167,295 | ▲ 6,147% |
| Profit (loss) for the period to be appropriated9905 | -€10,753 | -€268 | €23,062 | €2,678 | €167,295 | ▲ 6,147% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,899 | €258,203 | €468,513 | €378,495 | €482,497 | ▲ 27.5% |
| Fixed assets21/28 | €10,041 | €215,493 | €202,999 | €204,248 | €350,897 | ▲ 71.8% |
| Intangible fixed assets21 | - | €207,382 | €198,243 | €197,449 | €324,037 | ▲ 64.1% |
| Tangible fixed assets22/27 | €10,041 | €8,112 | €4,756 | €6,799 | €26,860 | ▲ 295% |
| Plant, machinery and equipment23 | - | - | - | €3,675 | €2,730 | ▼ 25.7% |
| Furniture and vehicles24 | - | - | - | €907 | €507 | ▼ 44.1% |
| Leasing and similar rights25 | - | - | - | €2,217 | €23,622 | ▲ 966% |
| Current assets29/58 | €1,858 | €42,710 | €265,514 | €174,247 | €131,600 | ▼ 24.5% |
| Amounts receivable after more than one year29 | - | - | - | €100,417 | €102,425 | ▲ 2.0% |
| Other amounts receivable291 | - | - | - | €100,417 | €102,425 | ▲ 2.0% |
| Amounts receivable within one year40/41 | €670 | €37,159 | €142,024 | €55,822 | - | - |
| Trade receivables40 | - | - | - | €45,056 | - | - |
| Other amounts receivable41 | - | - | - | €10,766 | - | - |
| Cash at bank and in hand54/58 | €1,020 | €5,383 | €22,906 | €15,622 | €26,677 | ▲ 70.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,387 | €2,498 | ▲ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,899 | €258,203 | €468,513 | €378,495 | €482,497 | ▲ 27.5% |
| Equity10/15 | -€4,503 | -€4,771 | €18,291 | €20,969 | €188,265 | ▲ 798% |
| Contributions10/11 | €6,250 | €6,250 | - | €6,250 | €6,250 | = |
| Reserves13 | - | - | €12,041 | €14,719 | €182,015 | ▲ 1,137% |
| Distributable reserves133 | - | - | - | €14,719 | €182,015 | ▲ 1,137% |
| Profit (loss) carried forward14 | -€10,753 | -€11,021 | -€10,753 | - | - | - |
| Amounts payable17/49 | €16,402 | €262,974 | €450,222 | €357,526 | €294,232 | ▼ 17.7% |
| Amounts payable after more than one year17 | €6,916 | €5,123 | €3,272 | €1,359 | €16,106 | ▲ 1,085% |
| Financial debts170/4 | - | - | - | €1,359 | €16,106 | ▲ 1,085% |
| Amounts payable within one year42/48 | €9,486 | €257,851 | €443,552 | €352,073 | €271,348 | ▼ 22.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,912 | €6,309 | ▲ 230% |
| Financial debts43 | - | - | - | €4,000 | €8,787 | ▲ 120% |
| Credit institutions430/8 | - | - | - | €4,000 | €8,787 | ▲ 120% |
| Trade debts44 | €2,250 | €88,853 | €212,830 | €7,062 | €42,666 | ▲ 504% |
| Suppliers440/4 | - | - | - | €7,062 | €42,666 | ▲ 504% |
| Taxes, remuneration and social security45 | - | - | - | €19,357 | €54,782 | ▲ 183% |
| Taxes450/3 | - | - | - | €3,136 | €30,752 | ▲ 881% |
| Remuneration and social security454/9 | - | - | - | €16,221 | €24,030 | ▲ 48.1% |
| Other amounts payable47/48 | - | - | - | €319,742 | €158,804 | ▼ 50.3% |
| Accrued charges and deferred income492/3 | - | - | - | €4,094 | €6,778 | ▲ 65.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,753 | -€268 | €23,062 | €2,678 | €167,295 | ▲ 6,147% |
| + Depreciation and write-downs630 | €2,400 | €14,271 | €14,384 | €14,677 | €17,725 | ▲ 20.8% |
| Operating cash flow (approximation) | -€8,353 | €14,003 | €37,447 | €17,355 | €185,020 | ▲ 966% |
| Investment in fixed assets (approximation) | - | -€219,723 | -€1,890 | -€15,926 | -€164,374 | ▼ 932% |
| Change in cash | - | €4,363 | €17,523 | -€7,284 | €11,055 | ▲ 252% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
09-12
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 02-12-2025
2024
06-05
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 30-04-2024
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €167,295 ▲6,147%
Operating result €173,310, net result €167,295, both a record.
31-12
Financial
Equity above €150,000Eq €188,265 ▲798%
3 profitable years in a row build equity to €188,265.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €23,062
Net result €23,062 after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
16-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY VAN DENABEELE VAN BEETHOVENSTRAAT 28
BUS 402, 2018 ANTWERPEN 1 |
30-04-2024 → 02-12-2025 |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,000 EUR awarded · 3,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,000 EUR | 3,000 EUR |