Fox Systems
ActiveSummary
Fox Systems has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €141,674 and a net result of €5,454. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-18
Solvency72▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.45 in 2023; short-term debt: 17.8% and cash: 15.9% of total assets), and 53.1% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
33 d early
2022
32 d early
2021
31 d early
2020
25 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€141,674▲ 4.0%
2023 · €136,220
Total assets
€302,318▼ 6.1%
2023 · €321,975
Net result
€5,454▼ 80.8%
2023 · €28,365
Working capital
€21,727▼ 22.1%
2023 · €27,881
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20202021202220232024
Operating result€29,224▼ 1.9%€19,287▼ 34.0%€34,870▲ 80.8%€45,764▲ 31.2%€12,000▼ 73.8%
Net result€19,047within the sector's middle half▲ 26.8%€9,345within the sector's middle half▼ 50.9%€20,064within the sector's middle half▲ 115%€28,365within the sector's middle half▲ 41.4%€5,454within the sector's middle half▼ 80.8%
Equity€80,446within the sector's middle half▲ 31.0%€89,791within the sector's middle half▲ 11.6%€107,855within the sector's middle half▲ 20.1%€136,220within the sector's middle half▲ 26.3%€141,674within the sector's middle half▲ 4.0%
Total assets€289,312above the sector's middle half▲ 3.2%€296,938above the sector's middle half▲ 2.6%€304,448above the sector's middle half▲ 2.5%€321,975above the sector's middle half▲ 5.8%€302,318above the sector's middle half▼ 6.1%
Debt€208,866▼ 4.6%€207,147▼ 0.8%€196,593▼ 5.1%€185,755▼ 5.5%€160,644▼ 13.5%
Working capital€785€1,337▲ 70.2%€10,142▲ 659%€27,881▲ 175%€21,727▼ 22.1%
Solvency27.8%below the sector's middle half▲ 5.9pp30.2%below the sector's middle half▲ 2.4pp35.4%within the sector's middle half▲ 5.2pp42.3%within the sector's middle half▲ 6.9pp46.9%within the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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 falls in 2024; 2024 is 74% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €302,318
Fixed assets
€226,843 ▼ 2.2%
Current assets
€75,475 ▼ 16.1%
Equity and liabilities €302,318
Equity
€141,674 ▲ 4.0%
Debt
€160,644 ▼ 13.5%
Debt's share of the balance-sheet total falls from 57.7% to 53.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,361▼
2023 · €51,997
Cash flow
€11,816▼
2023 · €34,598
Current ratio
1.40▼
2023 · 1.45
Debt to equity
1.13▼
2023 · 1.36
ROE
3.8%▼
2023 · 20.8%
ROA
1.8%▼
2023 · 8.8%
Interest coverage
4.93▼
2023 · 8.76
Debt ≤ 1 year
€53,747▼
2023 · €62,087
Debt > 1 year
€106,896▼
2023 · €123,488
Income taxes
€2,819▼
2023 · €11,467
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 10,891 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,928 | €6,232 | €6,232 | €6,232 | €6,362 | ▲ 2.1% |
| Other operating charges640/8 | - | €3,185 | €1,897 | €3,211 | €2,090 | ▼ 34.9% |
| Gross operating margin9900 | €36,867 | €28,704 | €42,999 | €55,208 | €20,452 | ▼ 63.0% |
| Operating profit (loss)9901 | €29,224 | €19,287 | €34,870 | €45,764 | €12,000 | ▼ 73.8% |
| Financial income75/76B | - | €0 | €0 | €0 | - | - |
| Recurring financial income75 | €18 | €0 | €0 | €0 | - | - |
| Financial charges65/66B | - | €5,648 | €5,680 | €5,933 | €3,726 | ▼ 37.2% |
| Recurring financial charges65 | €5,662 | €5,648 | €5,680 | €5,933 | €3,726 | ▼ 37.2% |
| Profit (loss) for the period before taxes9903 | €23,580 | €13,640 | €29,190 | €39,832 | €8,273 | ▼ 79.2% |
| Income taxes67/77 | €4,534 | €4,295 | €9,126 | €11,467 | €2,819 | ▼ 75.4% |
| Profit (loss) for the period9904 | €19,047 | €9,345 | €20,064 | €28,365 | €5,454 | ▼ 80.8% |
| Profit (loss) for the period to be appropriated9905 | €19,047 | €9,345 | €20,064 | €28,365 | €5,454 | ▼ 80.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €289,312 | €296,938 | €304,448 | €321,975 | €302,318 | ▼ 6.1% |
| Fixed assets21/28 | €250,705 | €244,472 | €238,240 | €232,007 | €226,843 | ▼ 2.2% |
| Tangible fixed assets22/27 | €250,705 | €244,472 | €238,240 | €232,007 | €226,843 | ▼ 2.2% |
| Land and buildings22 | - | €241,014 | €235,307 | €229,600 | €223,894 | ▼ 2.5% |
| Furniture and vehicles24 | - | €3,459 | €2,933 | €2,407 | €2,950 | ▲ 22.5% |
| Current assets29/58 | €38,607 | €52,465 | €66,208 | €89,968 | €75,475 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €19,302 | €14,618 | €20,128 | €17,422 | €25,661 | ▲ 47.3% |
| Trade receivables40 | - | €8,978 | €10,800 | €10,800 | €20,400 | ▲ 88.9% |
| Other amounts receivable41 | - | €5,640 | €9,328 | €6,622 | €5,261 | ▼ 20.6% |
| Cash at bank and in hand54/58 | €18,714 | €36,707 | €42,564 | €69,820 | €48,211 | ▼ 30.9% |
| Deferred charges and accrued income490/1 | - | €1,140 | €3,515 | €2,726 | €1,603 | ▼ 41.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €289,312 | €296,938 | €304,448 | €321,975 | €302,318 | ▼ 6.1% |
| Equity10/15 | €80,446 | €89,791 | €107,855 | €136,220 | €141,674 | ▲ 4.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €68,046 | €77,391 | €95,455 | €123,820 | €129,274 | ▲ 4.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | €75,531 | €93,595 | €121,960 | €129,274 | ▲ 6.0% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €208,866 | €207,147 | €196,593 | €185,755 | €160,644 | ▼ 13.5% |
| Amounts payable after more than one year17 | €170,801 | €155,425 | €139,654 | €123,488 | €106,896 | ▼ 13.4% |
| Financial debts170/4 | - | €155,425 | €139,654 | €123,488 | €106,896 | ▼ 13.4% |
| Amounts payable within one year42/48 | €37,822 | €51,129 | €56,066 | €62,087 | €53,747 | ▼ 13.4% |
| Current portion of amounts payable after more than one year42 | - | €15,376 | €15,771 | €16,166 | €16,592 | ▲ 2.6% |
| Financial debts43 | - | €0 | - | €299 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €299 | €0 | ▼ 100% |
| Other loans439 | - | €0 | - | - | - | - |
| Trade debts44 | €731 | €1,144 | €2,471 | €2,403 | €2,496 | ▲ 3.9% |
| Suppliers440/4 | - | €1,144 | €2,471 | €2,403 | €2,496 | ▲ 3.9% |
| Taxes, remuneration and social security45 | - | €6,073 | €3,133 | €6,715 | €3,913 | ▼ 41.7% |
| Taxes450/3 | - | €6,073 | €3,133 | €5,215 | €3,913 | ▼ 25.0% |
| Remuneration and social security454/9 | - | - | - | €1,500 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €28,537 | €34,691 | €36,505 | €30,747 | ▼ 15.8% |
| Accrued charges and deferred income492/3 | - | €593 | €872 | €180 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,047 | €9,345 | €20,064 | €28,365 | €5,454 | ▼ 80.8% |
| + Depreciation and write-downs630 | €5,928 | €6,232 | €6,232 | €6,232 | €6,362 | ▲ 2.1% |
| Operating cash flow (approximation) | €24,975 | €15,578 | €26,297 | €34,598 | €11,816 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€1,198 | - |
| Change in cash | - | €17,993 | €5,857 | €27,256 | -€21,609 | ▼ 179% |
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
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €5,454 ▼80.8%
Net result drops to €5,454, the lowest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €28,365 ▲41.4%
Operating result €45,764, net result €28,365, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €107,855 ▲20.1%
5 profitable years in a row build equity to €107,855.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 15 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, Sint-Joost-ten-Node · 1 establishment unit since 2014
Ground area
440 m²
Building footprint
338 m²
Volume, LiDAR
5,560 m³
Parcel 21572B0114/00D005, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Fox Systems
since 20142.237.793.859
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0114/00D005 | Brussels | 440 m² | 1 · 337 m² | 19.3 m · 6 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 30,007 companies in sector 62200 we hold annual accounts for 18,400. 15,383 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
Founded04-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58190Other publishing activities, excluding software publishing
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505940617
Also
9925:BE0505940617
Registered
04-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.