CURSOR SYSTEMS
ActiveSummary
CURSOR SYSTEMS has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €38k. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 129 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+3
Solvency67▼-3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.83 in 2024; short-term debt: 56% and cash: 4.5% of total assets), but 58.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.5%
Return on assets
11.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
7 d early
2023
13 d early
2022
14 d early
2021
16 d early
2020
44 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€38k▲ 37.0%
2024 · €28k
Working capital
€124k▲ 1.3%
2024 · €123k
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€42k▼ 10.9%€42k=€31k▼ 27.0%€40k▲ 28.6%€52k▲ 31.8%
Net result€31k▼ 11.8%€31k▼ 0.2%€22k▼ 29.8%€28k▲ 29.9%€38k▲ 37.0%
Equity€127k▲ 4.7%€133k▲ 4.5%€135k▲ 1.2%€138k▲ 2.2%€141k▲ 2.4%
Total assets€236k▲ 2.6%€299k▲ 26.4%€290k▼ 2.8%€304k▲ 4.6%€339k▲ 11.7%
Debt€109k▲ 0.2%€166k▲ 51.9%€156k▼ 6.0%€166k▲ 6.6%€198k▲ 19.3%
Working capital€124k▲ 10.6%€129k▲ 4.4%€121k▼ 5.9%€123k▲ 1.1%€124k▲ 1.3%
Staff (FTE)00
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €339k
Fixed assets
€25k ▼ 24.8%
Current assets
€314k ▲ 16.1%
Equity and liabilities €339k
Equity
€141k ▲ 2.4%
Debt
€198k ▲ 19.3%
Debt's share of the balance-sheet total rises from 54.7% to 58.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61k▲
2024 · €48k
Cash flow
€47k▲
2024 · €36k
Current ratio
1.65▼
2024 · 1.83
Quick ratio
1.43▼
2024 · 1.56
Debt to equity
1.41▲
2024 · 1.21
ROE
27.2%▲
2024 · 20.4%
ROA
11.3%▲
2024 · 9.2%
Interest coverage
81.04▲
2024 · 51.26
Debt ≤ 1 year
€190k▲
2024 · €148k
Debt > 1 year
€8k▼
2024 · €18k
Income taxes
€13k▲
2024 · €11k
Staff costs
€6k▲
2024 · €4k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | €5k | €4k | €6k | ▲ 38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €2k | €1k | €8k | €8k | ▼ 0.2% |
| Other operating charges640/8 | €1k | €2k | €1k | €859 | €868 | ▲ 1.1% |
| Gross operating margin9900 | €50k | €46k | €38k | €53k | €67k | ▲ 26.9% |
| Operating profit (loss)9901 | €42k | €42k | €31k | €40k | €52k | ▲ 31.8% |
| Financial income75/76B | €18 | €481 | €162 | €19 | €55 | ▲ 193% |
| Recurring financial income75 | €18 | €481 | €162 | €19 | €55 | ▲ 193% |
| Financial charges65/66B | €359 | €470 | €697 | €935 | €747 | ▼ 20.1% |
| Recurring financial charges65 | €359 | €470 | €697 | €935 | €747 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €42k | €42k | €30k | €39k | €52k | ▲ 33.2% |
| Income taxes67/77 | €11k | €12k | €9k | €11k | €13k | ▲ 23.3% |
| Profit (loss) for the period9904 | €31k | €31k | €22k | €28k | €38k | ▲ 37.0% |
| Profit (loss) for the period to be appropriated9905 | €31k | €31k | €22k | €28k | €38k | ▲ 37.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €236k | €299k | €290k | €304k | €339k | ▲ 11.7% |
| Fixed assets21/28 | €4k | €4k | €41k | €33k | €25k | ▼ 24.8% |
| Intangible fixed assets21 | €2k | - | - | - | - | - |
| Tangible fixed assets22/27 | €738 | €2k | €39k | €31k | €23k | ▼ 26.1% |
| Plant, machinery and equipment23 | €738 | €2k | €2k | €1k | €762 | ▼ 40.2% |
| Leasing and similar rights25 | - | - | €38k | €30k | €22k | ▼ 25.5% |
| Financial fixed assets28 | €1k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €233k | €295k | €249k | €271k | €314k | ▲ 16.1% |
| Stocks and contracts in progress3 | €31k | €31k | €32k | €39k | €43k | ▲ 8.7% |
| Stocks30/36 | €31k | €31k | €32k | €39k | €43k | ▲ 8.7% |
| Amounts receivable within one year40/41 | €173k | €252k | €200k | €226k | €256k | ▲ 13.2% |
| Trade receivables40 | €173k | €252k | €200k | €226k | €256k | ▲ 13.2% |
| Cash at bank and in hand54/58 | €29k | €12k | €16k | €5k | €15k | ▲ 229% |
| Deferred charges and accrued income490/1 | - | - | €1k | €557 | €234 | ▼ 58.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €236k | €299k | €290k | €304k | €339k | ▲ 11.7% |
| Equity10/15 | €127k | €133k | €135k | €138k | €141k | ▲ 2.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €65k | €71k | €73k | €76k | €79k | ▲ 4.4% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €59k | €65k | €66k | €69k | €73k | ▲ 4.8% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €109k | €166k | €156k | €166k | €198k | ▲ 19.3% |
| Amounts payable after more than one year17 | - | - | €28k | €18k | €8k | ▼ 54.5% |
| Financial debts170/4 | - | - | €28k | €18k | €8k | ▼ 54.5% |
| Amounts payable within one year42/48 | €109k | €166k | €128k | €148k | €190k | ▲ 28.3% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €10k | €9k | ▼ 8.7% |
| Trade debts44 | €69k | €116k | €85k | €93k | €131k | ▲ 41.8% |
| Suppliers440/4 | €69k | €116k | €85k | €93k | €131k | ▲ 41.8% |
| Taxes, remuneration and social security45 | €16k | €25k | €14k | €21k | €15k | ▼ 28.6% |
| Taxes450/3 | €16k | €25k | €14k | €21k | €15k | ▼ 28.6% |
| Other amounts payable47/48 | €25k | €25k | €20k | €25k | €35k | ▲ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €31k | €22k | €28k | €38k | ▲ 37.0% |
| + Depreciation and write-downs630 | €6k | €2k | €1k | €8k | €8k | ▼ 0.2% |
| Operating cash flow (approximation) | €37k | €33k | €23k | €36k | €47k | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | €-2k | €-38k | €0 | €0 | - |
| Change in cash | - | €-16k | €4k | €-11k | €11k | ▲ 193% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €22k ▼29.8%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €51k ▲36.7%
Operating result €73k, net result €51k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Katelijne-Waver · 1 establishment unit since 1998
Ground area
183 m²
Building footprint
151 m²
Volume, LiDAR
790 m³
Parcel 12422D0238/00V000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CURSOR SYSTEMS
since 19982.086.022.414
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422D0238/00V000 | Flanders | 183 m² | 1 · 151 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 213 companies in sector 26510 we hold annual accounts for 166. 91 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
26510Manufacture of computer, electronic and optical products
Contact
E-mail
eric@cursor-systems.beSint-Katelijne-Waver
Phone
015273985Sint-Katelijne-Waver
Scores and ratios are computed by Checked and are not a credit decision.