COMPOSITE SYSTEMS
ActiveSummary
COMPOSITE SYSTEMS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-216) and a net result of €-12k. Equity is shrinking by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 15% of 128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency24▼-76
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.08 against 4.42 in 2024; short-term debt: 92.5% and cash: 98.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-0.8%
Return on assets
-43.9%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-216
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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
27 d late
2024
27 d late
2023
28 d late
2022
26 d late
2021
28 d late
2020
28 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€-216
2024 · €72k
Total assets
€27k▼ 70.7%
2024 · €93k
Net result
€-12k
2024 · €35k
Working capital
€2k▼ 97.2%
2024 · €72k
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
Line20212022202320242025
Operating result€-19k▼ 77.9%€-8k▲ 60.3%€35k€40k▲ 16.0%€-8k
Net result€-19k▼ 71.6%€-8k▲ 59.0%€35k€35k▲ 0.2%€-12k
Equity€43k▼ 30.6%€27k▼ 38.2%€56k▲ 109%€72k▲ 29.0%€-216
Total assets€48k▼ 31.4%€32k▼ 32.3%€59k▲ 82.7%€93k▲ 56.5%€27k▼ 70.7%
Debt€5k▼ 37.5%€6k▲ 19.2%€4k▼ 38.1%€21k▲ 477%€27k▲ 30.5%
Working capital€45k▼ 29.3%€27k▼ 41.0%€57k▲ 114%€72k▲ 26.5%€2k▼ 97.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €8k after €40k in 2024.
Key figures and ratios
Solvency
-0.8%▼
2024 · 77.4%
Current ratio
1.08▼
2024 · 4.42
ROA
-43.9%▼
2024 · 37.5%
Debt ≤ 1 year
€25k▲
2024 · €21k
Income taxes
€3k▼
2024 · €6k
Equity ratios withheld: equity of €-216 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €478 | €412 | €581 | €483 | ▼ 16.9% |
| Gross operating margin9900 | €-18k | €-7k | €35k | €41k | €-7k | ▼ 118% |
| Operating profit (loss)9901 | €-19k | €-8k | €35k | €40k | €-8k | ▼ 119% |
| Financial income75/76B | - | €250 | €250 | €251 | €1 | ▼ 99.5% |
| Recurring financial income75 | €254 | €250 | €250 | €251 | €1 | ▼ 99.5% |
| Financial charges65/66B | - | €501 | €493 | €507 | €2k | ▲ 222% |
| Recurring financial charges65 | €293 | €501 | €493 | €507 | €2k | ▲ 222% |
| Profit (loss) for the period before taxes9903 | €-19k | €-8k | €35k | €40k | €-9k | ▼ 123% |
| Income taxes67/77 | - | - | - | €6k | €3k | ▼ 53.5% |
| Profit (loss) for the period9904 | €-19k | €-8k | €35k | €35k | €-12k | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €-19k | €-8k | €35k | €35k | €-12k | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €32k | €59k | €93k | €27k | ▼ 70.7% |
| Current assets29/58 | €48k | €32k | €59k | €93k | €27k | ▼ 70.7% |
| Amounts receivable within one year40/41 | €7k | €8k | €9k | €10k | €402 | ▼ 96.0% |
| Trade receivables40 | - | €8k | €9k | - | - | - |
| Other amounts receivable41 | - | €7 | €13 | €10k | €402 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €41k | €25k | €51k | €83k | €27k | ▼ 67.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €32k | €59k | €93k | €27k | ▼ 70.7% |
| Equity10/15 | €43k | €27k | €56k | €72k | €-216 | ▼ 100% |
| Contributions10/11 | - | €19k | €19k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €23k | €6k | €35k | €70k | €-2k | ▼ 103% |
| Amounts payable17/49 | €5k | €6k | €4k | €21k | €27k | ▲ 30.5% |
| Amounts payable within one year42/48 | €3k | €6k | €3k | €21k | €25k | ▲ 19.8% |
| Trade debts44 | €61 | €64 | €147 | €101 | - | - |
| Suppliers440/4 | - | €64 | €147 | €101 | - | - |
| Taxes, remuneration and social security45 | - | €4k | €2k | - | €18k | - |
| Taxes450/3 | - | €4k | €2k | - | €18k | - |
| Other amounts payable47/48 | - | €2k | €24 | €21k | €7k | ▼ 65.9% |
| Accrued charges and deferred income492/3 | - | - | €1k | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-19k | €-8k | €35k | €35k | €-12k | ▼ 134% |
| Operating cash flow (approximation) | €-19k | €-8k | €35k | €35k | €-12k | ▼ 134% |
| Change in cash | - | €-16k | €26k | €32k | €-56k | ▼ 274% |
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
Next filing, fiscal year 2026, expected by
2026
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
30-06
Financial
Highest result since 2019net €35k ▲0.2%
Operating result €40k, net result €35k, both a record.
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-06
Financial
Back to profitnet €35k
Net result €35k after 4 loss-making years.
30-06
Financial
Liquidity quadruplescurrent ratio 23.23
Current ratio from 5.52 to 23.23; short-term debt falls from €6k to €3k.
26-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-06
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
25-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 25 days late
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 26 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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
Registered office, Liège · 1 establishment unit since 2001
Ground area
6,169 m²
Building footprint
5,834 m²
Volume, LiDAR
75,989 m³
2 parcels, Wallonia · tallest building 24.0 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Rue du Prince 12, 4800 Verviers
since 20012.094.438.252
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62814C0151/00R000 | Wallonia | 5,418 m² | 1 · 4,935 m² | 24.0 m · 5 fl. |
| 63572B0034/00A009 | Wallonia | 751 m² | 1 · 899 m² | 17.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 629 companies in sector 22240 we hold annual accounts for 360. 252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-06-2001
Fiscal year end30-06
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
Scores and ratios are computed by Checked and are not a credit decision.