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EMbedded Scanning sYStems for PAPERTRACING

Active Public limited companyfounded 1968active for 58 yearsJordaenskaai 25, 2000 AntwerpKBO/BCE: BE 0404.901.655 subsidiary of TASTE INVEST
Part of the group STETA 7 companies
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Lifetime

20 annual accounts with figures on one time axis, 48 filings since 1977
peak €1.6m (2008)
-€12,448▼ €70,136
lowest -€896,869 (2020)
-€13,201▼ €58,084
peak €559,591 (2011)
-€577,625▼ €13,201
€592,600▼ 8.9%
peak 20.4 FTE (2007)
-not published
Board10 names since 2011
3 directorsImmobiliën Roby NV and 2 others
Owners3 names in the annual accounts
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Gross margin from €57,689 to -€12,448Loss of €13,2012 directors appointed, 2 resignations 17-06Cash from €1,489 to €3,447

Key points

from the 2025 annual accounts

Equity

-€577,625
202020212022202320242025

Debts exceed assets in financial year 2025.

Result

-€13,201 -€13,201
€44,9002024-€13,2002025

From profit to loss in 2025, after a profit of €44,883 in 2024.

Debts

€592,600 3,957% of the balance sheet

Filings

48 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

Five of the last ten came late. The 2021 accounts came latest: 60 days after the end of the period.

Position in the sector

-3857.4%

Lower solvency than 95% of companies in computer programming and consultancy. Sector median 39.3% · 1,687 companies.

Checked score

53
Fair
Financially stronger than 14% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,925 companies (NACE 62, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.8%▼ -0.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.1%▲ +0.1 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025highest value 10-2025: 0.5%▼ -0.6 percentage points vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026 05-2026: 0.5%● unchanged vs 04-2026 06-2026: 0.4%▼ -0.1 percentage points vs 05-2026 07-2026: 0.5%▲ +0.1 percentage points vs 06-2026 08-2026: 0.7%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%▼ -0.4 percentage points vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value

Financial strength
Weak

0=equity -3857.4% of total assets
29+27short-term debt 3957.4% · cash 23.0%
0-100return on assets -88.2%

Score breakdown

raises risk
Capped at 59: negative equity
Loss of €13,201 (financial year 2025)
Negative equity -€577,625
lowers risk
Size: total assets €14,975
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation

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, 11% on liquidity, 5% on profitability and 37% on growth.

The bankruptcy probability was computed on 06-11-2026 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 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 6,619 companies had the same profile as EMbedded Scanning sYStems for PAPERTRACING has now. Each dot stands for 17 companies, two years later.

84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 1.0% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of EMbedded Scanning sYStems for PAPERTRACING itself is lower: 0.3% within 12 months. It rests on far more data about EMbedded Scanning sYStems for PAPERTRACING than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 EMbedded Scanning sYStems for PAPERTRACING. 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.

Credit verdict

No credit on open account

Liquidity is insufficient, with a current ratio of 0.03 (0.13 in 2024), below 1. Cash is 23% of total assets. Equity is negative.

Credit check for an amount and term of your choice

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.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €14,975
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €13,201 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€577,625
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€577,625
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
28 days late
2024
43 days late
2023
30 days late
2022
31 days late
2021
60 days late
2020
46 days early
2019
43 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 15 days after 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.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

WH
Managing director, Westerlund Tanguy
IR
Managing director
TI
Managing director, Tanguy Westerlund
WM
Director, Verboven Hans, since 14-01-2022
TY
Director, Westerlund Stephanie
Board & ownership

Recent changes

1 director appointed, 1 resignation, 2 reappointments Resignation: J-STAR · Permanent representatives: Westeriund Stephanie, Westerlund Stephanie, Westerlund Tanguy and Verboven Hans · Appointment: TASTE YACHTING · General meeting of 24-04-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0404901655
2 directors appointed, 2 resignations Resignations: Winvest Management BV and Taste Invest NV · Permanent representatives: Hans Verboven, Geert Soetewey, Tanguy Westerlund and Stephanie Westerlund · Appointments: Immobiliën Roby NV (managing director) and J-Star BV · General meeting of 16-01-2025 · Gazette deed
Registered office moved within Antwerp New registered office: Jordaenskaai 25, 2000 Antwerpen · Previous registered office: Brouwersvliet 19, 2000 Antwerpen · Permanent representatives: Jean-Jacques Westerlund, Tanguy Westerlund, Philip De Mulder and Geert Soetewey · General meeting of 14-01-2022 · Gazette deed
All 62 events

Comparable companies

same main activity, similar in size and age
Company
EMbedded Scanning sYStems for PAPERTRACING Antwerp €14,975 -€12,448 -3857.4% -
LOGICAL PLUS Uccle €13,645 -€2,086 19.1% -
KANTOOR VAN DER CRUYS Ternat €16,336 -€10,080 -209.2% -
IDIOM Translations Tielt-Winge €18,887 -€1,761 52.8% -
BUREAU LEFEBVRE Brussels €19,377 -€4,575 -49.0% -
artichok.net sprl Watermael-Boitsfort €18,590 -€1,263 -241.5% -
I.T.M. - Software Sint-Martens-Latem €18,336 -€3,521 -195.3% -

These companies have the same main activity as EMbedded Scanning sYStems for PAPERTRACING: computer programming (NACE 62100). They are comparable in size and age: total assets between €13,600 and €19,400, founded between 1983 and 1989.

Official details

Source: KBO
Status
ActiveNormal situation
Registered office
29 active companies are registered at this addressSource: KBO register, as of 7 November 2026.
Activity
Computer programmingNACE 62100
Establishment unit
2.004.694.7432000 Antwerp, since 01-10-1970
Financial year end
31 December
Peppol
Reachable since 17-11-2025
Company details

Annual accounts 2025

€14,975▼ 82.6%
Filing
Filed on 28-08-2026
Financials

Companies linked to EMbedded Scanning sYStems for PAPERTRACING

Insights on EMbedded Scanning sYStems for PAPERTRACING

EMbedded Scanning sYStems for PAPERTRACING has existed since 1968. The gross margin fell from €769,391 in 2010 to €63,421 in 2013 and staff from 7.5 to 4.6 full-time equivalents.

Solvency fell in 2025 from -656.2% to -3857.4% because of the loss.

TASTE INVEST holds 96.79% of the shares. In June 2025, the Official Gazette published the appointment of Immobiliën Roby NV as managing director.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about EMbedded Scanning sYStems for PAPERTRACING

What is the company number of EMbedded Scanning sYStems for PAPERTRACING?
The company number of EMbedded Scanning sYStems for PAPERTRACING is 0404.901.655. The VAT number is the same number with BE in front: BE 0404.901.655.
Where is EMbedded Scanning sYStems for PAPERTRACING based?
The registered office is at Jordaenskaai 25, 2000 Antwerp.Company details
What does EMbedded Scanning sYStems for PAPERTRACING do?
According to the KBO register, the main activity is computer programming (NACE 62100).
What is the legal form of EMbedded Scanning sYStems for PAPERTRACING?
EMbedded Scanning sYStems for PAPERTRACING is a public limited company (NV).
When was EMbedded Scanning sYStems for PAPERTRACING founded?
EMbedded Scanning sYStems for PAPERTRACING was founded on 01-01-1968.
Is EMbedded Scanning sYStems for PAPERTRACING still active?
Yes, EMbedded Scanning sYStems for PAPERTRACING is an active enterprise in the KBO register.
How many employees does EMbedded Scanning sYStems for PAPERTRACING have?
EMbedded Scanning sYStems for PAPERTRACING had an average of 3 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of EMbedded Scanning sYStems for PAPERTRACING?
The annual accounts for financial year 2025 state no turnover.
Is EMbedded Scanning sYStems for PAPERTRACING profitable?
In financial year 2025, EMbedded Scanning sYStems for PAPERTRACING made a loss of €13,201.
Where can I find the annual accounts of EMbedded Scanning sYStems for PAPERTRACING?
EMbedded Scanning sYStems for PAPERTRACING filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of EMbedded Scanning sYStems for PAPERTRACING due?
EMbedded Scanning sYStems for PAPERTRACING must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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