FALCON SYSTEMS
ActiveSummary
FALCON SYSTEMS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€2,466) and a net result of -€2,870. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency0▼-29
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.46 against 0.61 in 2024; short-term debt: 138.6% and cash: 58.8% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
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
-38.6%
Return on assets
-45%
Age of the figures
9 mo
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
1819202122232425
2018 to 2025 · latest year -€2,466
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 05-05-2026, 87 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
87 d early
2024
27 d late
2023
28 d late
2022
161 d early
2021
23 d early
2020
39 d early
2019
90 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
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. Usually files around 8 July (4 of the last 5 filed years within 64 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 oldest company in Jodoigne, Manufacturing sector
Turnover
€56,387
EBIT margin
2.7%
Net result
-€2,870
2024 · €71
Working capital
-€4,746▼ 33.3%
2024 · -€3,561
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€1,640€2,496-€3,940€140-€2,603
Net result-€1,760within the sector's middle half€2,398within the sector's middle half-€3,928within the sector's middle half€71within the sector's middle half-€2,870within the sector's middle half
EBIT margin
Equity€1,863below the sector's middle half▼ 48.6%€4,261below the sector's middle half▲ 129%€333below the sector's middle half▼ 92.2%€404below the sector's middle half▲ 21.3%-€2,466below the sector's middle half
Total assets€11,168below the sector's middle half▼ 36.2%€12,804below the sector's middle half▲ 14.6%€8,175below the sector's middle half▼ 36.2%€9,636below the sector's middle half▲ 17.9%€6,384below the sector's middle half▼ 33.7%
Debt€9,305▼ 33.0%€8,543▼ 8.2%€7,842▼ 8.2%€9,232▲ 17.7%€8,850▼ 4.1%
Working capital-€4,065below the sector's middle half▼ 2.0%-€787within the sector's middle half▲ 80.6%-€3,436below the sector's middle half▼ 337%-€3,561below the sector's middle half▼ 3.7%-€4,746below the sector's middle half▼ 33.3%
Solvency16.7%below the sector's middle half▼ 4.0pp33.3%within the sector's middle half▲ 16.6pp4.1%below the sector's middle half▼ 29.2pp4.2%below the sector's middle half▲ 0.1pp-38.6%below the sector's middle half▼ 42.8pp
Current ratio0.54below the sector's middle half▼ 0.170.91below the sector's middle half▲ 0.360.56below the sector's middle half▼ 0.350.61below the sector's middle half▲ 0.050.46below the sector's middle half▼ 0.15
Return on assets (ROA)-15.8%below the sector's middle half▼ 67.1pp18.7%above the sector's middle half▲ 34.5pp-48.1%below the sector's middle half▼ 66.8pp0.7%within the sector's middle half▲ 48.8pp-45.0%below the sector's middle half▼ 45.7pp
above
within
below
the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings.
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 €2,603 after €140 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6,384
Fixed assets
€2,280 ▼ 42.5%
Current assets
€4,103 ▼ 27.6%
Key figures and ratios
EBITDA
-€918▼
2024 · €1,754
Cash flow
-€1,185▼
2024 · €1,684
Quick ratio
0.42▼
2024 · 0.58
Debt to equity
-3.59
Interest coverage
-3.44▼
2024 · 25.30
Debt ≤ 1 year
€8,850▼
2024 · €9,232
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,280 | €1,280 | €1,280 | €1,614 | €1,685 | ▲ 4.4% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €0 | ▼ 100% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | -€13 | €4,123 | -€2,276 | €2,141 | -€918 | ▼ 143% |
| Operating profit (loss)9901 | -€1,640 | €2,496 | -€3,940 | €140 | -€2,603 | ▼ 1,959% |
| Financial income75/76B | - | - | €0 | €0 | - | - |
| Recurring financial income75 | - | - | €0 | €0 | - | - |
| Financial charges65/66B | €120 | €98 | -€11 | €69 | €267 | ▲ 285% |
| Recurring financial charges65 | €120 | €98 | -€11 | €69 | €267 | ▲ 285% |
| Profit (loss) for the period before taxes9903 | -€1,760 | €2,398 | -€3,928 | €71 | -€2,870 | ▼ 4,157% |
| Profit (loss) for the period9904 | -€1,760 | €2,398 | -€3,928 | €71 | -€2,870 | ▼ 4,157% |
| Profit (loss) for the period to be appropriated9905 | -€1,760 | €2,398 | -€3,928 | €71 | -€2,870 | ▼ 4,157% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11,168 | €12,804 | €8,175 | €9,636 | €6,384 | ▼ 33.7% |
| Fixed assets21/28 | €6,328 | €5,048 | €3,769 | €3,965 | €2,280 | ▼ 42.5% |
| Tangible fixed assets22/27 | €6,328 | €5,048 | €3,769 | €3,965 | €2,280 | ▼ 42.5% |
| Furniture and vehicles24 | €396 | €198 | €0 | €1,278 | €674 | ▼ 47.2% |
| Other tangible fixed assets26 | €5,931 | €4,850 | €3,769 | €2,687 | €1,606 | ▼ 40.2% |
| Current assets29/58 | €4,841 | €7,756 | €4,406 | €5,671 | €4,103 | ▼ 27.6% |
| Stocks and contracts in progress3 | €1,800 | €1,800 | €850 | €350 | €350 | = |
| Stocks30/36 | €1,800 | €1,800 | €850 | €350 | €350 | = |
| Amounts receivable within one year40/41 | €265 | €1,264 | €243 | €1,367 | €0 | ▼ 100% |
| Trade receivables40 | €265 | €1,264 | €243 | €1,367 | €0 | ▼ 100% |
| Other amounts receivable41 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,775 | €4,692 | €3,314 | €3,954 | €3,753 | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11,168 | €12,804 | €8,175 | €9,636 | €6,384 | ▼ 33.7% |
| Equity10/15 | €1,863 | €4,261 | €333 | €404 | -€2,466 | ▼ 711% |
| Contributions10/11 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Capital10 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Issued capital100 | €180,000 | €180,000 | €180,000 | €180,000 | €180,000 | = |
| Profit (loss) carried forward14 | -€178,137 | -€175,739 | -€179,667 | -€179,597 | -€182,466 | ▼ 1.6% |
| Amounts payable17/49 | €9,305 | €8,543 | €7,842 | €9,232 | €8,850 | ▼ 4.1% |
| Amounts payable within one year42/48 | €8,905 | €8,543 | €7,842 | €9,232 | €8,850 | ▼ 4.1% |
| Trade debts44 | €672 | €166 | €121 | €1,304 | €408 | ▼ 68.8% |
| Suppliers440/4 | €672 | €166 | €121 | €1,304 | €408 | ▼ 68.8% |
| Taxes, remuneration and social security45 | €656 | €962 | €572 | €264 | €590 | ▲ 124% |
| Taxes450/3 | €656 | €962 | €572 | €264 | €590 | ▲ 124% |
| Other amounts payable47/48 | €7,577 | €7,415 | €7,150 | €7,664 | €7,853 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | €400 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,760 | €2,398 | -€3,928 | €71 | -€2,870 | ▼ 4,157% |
| + Depreciation and write-downs630 | €1,280 | €1,280 | €1,280 | €1,614 | €1,685 | ▲ 4.4% |
| Operating cash flow (approximation) | -€480 | €3,678 | -€2,649 | €1,684 | -€1,185 | ▼ 170% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,810 | €0 | ▲ 100% |
| Change in cash | - | €1,916 | -€1,378 | €640 | -€200 | ▼ 131% |
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
30-07
State Gazette act
Appointments: Pierre REYGAERDTS (day-to-day manager) and Lloyd REYGAERDTS (director)Resignation: Pierre REYGAERDTS (director) · Registered-office move6 facts ▸
State Gazette act
Appointments: Pierre REYGAERDTS (day-to-day manager) and Lloyd REYGAERDTS (director)
Resignation: Pierre REYGAERDTS (director) · Registered-office move6 facts ▸
- General meeting, 16-06-2026
- Registered-office move, Chaussée de Charleroi(Jod.) 99 boîte A2,1370 Jodoigne
- Director appointment, Pierre REYGAERDTS (day-to-day manager)
- Director appointment, Lloyd REYGAERDTS (director)
- Director resignation, Pierre REYGAERDTS (director)
- Director resignation, Pierre REYGAERDTS (managing director)
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €71
Net result €71 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet -€3,928
Net result drops to -€3,928, the lowest in the series; recovery starts the following year.
20-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2,398
Net result €2,398 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8,992
Net result €8,992 after one loss-making year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Show earlier events
2019
31-12
Financial
Liquidity times 6current ratio 68.99
Current ratio from 12.48 to 68.99; short-term debt falls from €2,651 to €424.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, 1 in day-to-day management, last change in 2026
Board 1
Lloyd REYGAERDTS
CurrentDirector · since 16-06-2026
Day-to-day management 1
Pierre REYGAERDTS
CurrentDay-to-day manager · since 16-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Jodoigne · 1 establishment unit since 1994
Ground area
4,146 m²
Building footprint
532 m²
Volume, LiDAR
6,349 m³
2 parcels, Wallonia · tallest building 16.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
FALCON SYSTEMS
since 19942.068.956.946
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25048F0095/00P000 | Wallonia | 3,283 m² | 1 · 425 m² | 16.3 m · 4 fl. |
| 92135E0404/00A000 | Wallonia | 863 m² | 1 · 107 m² | 11.6 m · 3 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.
Mandate history
2 people since 2026, 2 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Lloyd REYGAERDTS |
|
| Pierre REYGAERDTS |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
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Shareholding
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Of 146 companies in sector 26200 we hold annual accounts for 84. 3 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-08-1994
Fiscal year end31-12
Activities, NACEBEL 2025
26200Manufacture of computer, electronic and optical products
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453322669
Also
9925:BE0453322669
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.