Danco Systems
ActiveSummary
Danco Systems has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165k and a net result of €69k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency81▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.49 against 2.26 in 2024; short-term debt: 23.7% and cash: 40.2% of total assets), and 44.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
55.7%
Return on assets
23.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
6 d early
2024
on the day
2023
39 d early
2022
4 d early
2021
9 d early
2020
30 d early
2019
30 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€165k▲ 49.2%
2024 · €111k
2018: €23k
2019: €25k
2020: €40k
2021: €51k
2022: €65k
2023: €70k
2024: €111k
2018 → 2025
Total assets
€297k▲ 78.3%
2024 · €166k
2018: €61k
2019: €70k
2020: €114k
2021: €151k
2022: €136k
2023: €120k
2024: €166k
2018 → 2025
Net result
€69k▲ 7.9%
2024 · €64k
2018: €14k
2019: €2k
2020: €51k
2021: €55k
2022: €23k
2023: €5k
2024: €64k
2018 → 2025
Working capital
€105k▲ 52.0%
2024 · €69k
2018: €15k
2019: €19k
2020: €11k
2021: €697
2022: €27k
2023: €28k
2024: €69k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€51k-€65k▲ 29.0%€70k▲ 7.8%€111k▲ 57.5%€165k▲ 49.2%
Operating result€56k-€27k▼ 51.1%€6k▼ 78.1%€82k▲ 1,262%€88k▲ 6.9%
Net result€55k-€23k▼ 58.8%€5k▼ 77.5%€64k▲ 1,164%€69k▲ 7.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €297k
Fixed assets
€122k ▲ 186%
Current assets
€175k ▲ 41.4%
Equity and liabilities €297k
Equity
€165k ▲ 49.2%
Debt
€131k ▲ 136%
Debt's share of the balance-sheet total rises from 33.4% to 44.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€110k▲
2024 · €98k
Cash flow
€92k▲
2024 · €81k
Current ratio
2.49▲
2024 · 2.26
Debt to equity
0.80▲
2024 · 0.50
ROE
42.1%▼
2024 · 58.2%
ROA
23.4%▼
2024 · 38.7%
Interest coverage
119.98▼
2024 · 362.17
Debt ≤ 1 year
€70k▲
2024 · €55k
Debt > 1 year
€61k
Income taxes
€18k▲
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€166k€297k▲
Fixed assets21/28€42k€122k▲
Tangible fixed assets22/27€42k€122k▲
Plant, machinery and equipment23€10k€6k▼
Furniture and vehicles24€33k€116k▲
Current assets29/58€124k€175k▲
Amounts receivable within one year40/41€42k€49k▲
Trade receivables40€22k€32k▲
Other amounts receivable41€20k€17k▼
Cash at bank and in hand54/58€75k€119k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€166k€297k▲
Equity10/15€111k€165k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€44k€84k▲
Tax-exempt reserves132€2k€2k=
Distributable reserves133€42k€82k▲
Profit (loss) carried forward14€48k€63k▲
Amounts payable17/49€56k€131k▲
Amounts payable after more than one year17-€61k
Financial debts170/4-€61k
Amounts payable within one year42/48€55k€70k▲
Current portion of amounts payable after more than one year42€2k€15k▲
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€19k€20k▲
Taxes450/3€19k€20k▲
Other amounts payable47/48€32k€27k▼
Accrued charges and deferred income492/3€732-
Income statement
Code20242025
Non-recurring operating income76A€28k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€23k▲
Other operating charges640/8€5k€7k▲
Non-recurring operating charges66A€10k-
Gross operating margin9900€113k€118k▲
Operating profit (loss)9901€82k€88k▲
Financial income75/76B€309€1k▲
Recurring financial income75€309€1k▲
Financial charges65/66B€271€918▲
Recurring financial charges65€271€918▲
Profit (loss) for the period before taxes9903€82k€88k▲
Income taxes67/77€18k€18k▲
Profit (loss) for the period9904€64k€69k▲
Profit (loss) for the period to be appropriated9905€64k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€112k€118k▲
Profit (loss) brought forward from the previous period14P€48k€48k▲
Transfer to equity691/2€40k€40k=
To the legal reserve6920-€40k
To other reserves6921€40k-
Profit to be distributed694/7€24k€15k▼
Return on contributions (dividend)694€24k-
Directors or managers695-€15k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €69k ▲7.9%
Operating result €88k, net result €69k, both a record.
30-09
Financial
Equity above €150kEq €165k ▲49.2%
8 profitable years in a row build equity to €165k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €100kEq €111k ▲57.5%
7 profitable years in a row build equity to €111k.
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €2k ▼84.4%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Ramillies · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Gilbert Detry 191367 RamilliesGround area
1,808 m²
Building footprint
166 m²
Volume, LiDAR
1,175 m³
Parcel 25030A0709/00T000, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Danco Systems
since 20172.263.641.389
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25030A0709/00T000 | Wallonia | 1,808 m² | 1 · 166 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ECF & ASSOCIÉS
BE 0552.844.372
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LI-TECH
BE 0780.691.533
Lede · Eq €165,194
Jans-Elek
BE 0732.623.083
Hasselt · Eq €165,191
VV-Technics
BE 0775.847.570
Houthulst · Eq €165,097
Maris Security
BE 0841.372.753
Heusden-Zolder · Eq €165,092
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,523 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2017
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
47559Retail sale of other household articles
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.