HIGH-TECH MICROSYSTEM
ActiveSummary
HIGH-TECH MICROSYSTEM has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,703 and a net result of -€3,088. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 26% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+13
Solvency48▼-10
Growth22=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.4 in 2024; short-term debt: 76.8% and cash: 54.5% of total assets), and 76.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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
23.2%
Return on assets
-4.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€3,088
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
22 d late
2024
27 d late
2023
28 d early
2022
53 d early
2021
11 d early
2020
1 d early
2019
7 d early
← 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 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
Turnover
€105,741▲ 7.4%
2020 · €98,500
EBIT margin
-2.8%▼ 4.4pp
2020 · 1.6%
Net result
-€3,088▼ 55.9%
2024 · -€1,981
Working capital
€12,323▼ 12.9%
2024 · €14,141
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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€105,741▲ 7.4%
Operating result-€2,977€19,154€2,865▼ 85.0%-€1,774€3,210
Net result-€4,278below the sector's middle half€14,530within the sector's middle half€1,358below the sector's middle half▼ 90.7%-€1,981below the sector's middle half-€3,088below the sector's middle half▼ 55.9%
EBIT margin-2.8%▼ 4.4pp
Equity€15,449within the sector's middle half▼ 21.7%€29,979below the sector's middle half▲ 94.1%€19,772below the sector's middle half▼ 34.0%€17,791below the sector's middle half▼ 10.0%€14,703below the sector's middle half▼ 17.4%
Total assets€48,464below the sector's middle half▼ 29.7%€63,322below the sector's middle half▲ 30.7%€58,166below the sector's middle half▼ 8.1%€53,388below the sector's middle half▼ 8.2%€63,310below the sector's middle half▲ 18.6%
Debt€33,015▼ 32.9%€33,343▲ 1.0%€38,394▲ 15.2%€35,597▼ 7.3%€48,607▲ 36.5%
Working capital€10,817▲ 30.6%€22,382▲ 107%€14,927▼ 33.3%€14,141▼ 5.3%€12,323▼ 12.9%
Solvency31.9%within the sector's middle half▲ 3.3pp47.3%within the sector's middle half▲ 15.5pp34.0%within the sector's middle half▼ 13.4pp33.3%within the sector's middle half▼ 0.7pp23.2%within the sector's middle half▼ 10.1pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,210 after a loss of €1,774 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,310
Fixed assets
€2,380 ▼ 34.8%
Current assets
€60,930 ▲ 22.5%
Equity and liabilities €63,310
Equity
€14,703 ▼ 17.4%
Debt
€48,607 ▲ 36.5%
Debt's share of the balance-sheet total rises from 66.7% to 76.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5,248▲
2024 · €670
Cash flow
-€1,050▼
2024 · €463
Current ratio
1.25▼
2024 · 1.40
Debt to equity
3.31▲
2024 · 2.00
ROE
-21.0%▼
2024 · -11.1%
ROA
-4.9%▼
2024 · -3.7%
Interest coverage
27.18▲
2024 · 4.34
Debt ≤ 1 year
€48,607▲
2024 · €35,597
Income taxes
€6,105▲
2024 · €77
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 2,448 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €105,741 | - | - | - | - | - |
| Non-recurring operating income76A | €22,423 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €103,812 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,610 | €2,484 | €2,752 | €2,445 | €2,038 | ▼ 16.6% |
| Other operating charges640/8 | €25,719 | €2,544 | - | €125 | - | - |
| Gross operating margin9900 | €24,352 | €24,182 | €5,617 | €795 | €5,248 | ▲ 560% |
| Operating profit (loss)9901 | -€2,977 | €19,154 | €2,865 | -€1,774 | €3,210 | ▲ 281% |
| Financial income75/76B | - | €0 | €48 | €25 | - | - |
| Recurring financial income75 | - | €0 | €48 | €25 | - | - |
| Financial charges65/66B | €341 | €199 | €568 | €154 | €193 | ▲ 25.1% |
| Recurring financial charges65 | €341 | €199 | €568 | €154 | €193 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | -€3,318 | €18,955 | €2,345 | -€1,904 | €3,017 | ▲ 258% |
| Income taxes67/77 | €960 | €4,425 | €987 | €77 | €6,105 | ▲ 7,804% |
| Profit (loss) for the period9904 | -€4,278 | €14,530 | €1,358 | -€1,981 | -€3,088 | ▼ 55.9% |
| Profit (loss) for the period to be appropriated9905 | -€4,278 | €14,530 | €1,358 | -€1,981 | -€3,088 | ▼ 55.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,464 | €63,322 | €58,166 | €53,388 | €63,310 | ▲ 18.6% |
| Fixed assets21/28 | €4,632 | €7,597 | €4,845 | €3,650 | €2,380 | ▼ 34.8% |
| Tangible fixed assets22/27 | €4,632 | €7,597 | €4,845 | €3,650 | €2,380 | ▼ 34.8% |
| Land and buildings22 | €618 | €515 | €412 | €309 | €206 | ▼ 33.3% |
| Plant, machinery and equipment23 | €3,325 | €4,489 | €3,043 | €1,597 | €626 | ▼ 60.8% |
| Furniture and vehicles24 | €689 | €2,593 | €1,390 | €1,744 | €1,548 | ▼ 11.2% |
| Current assets29/58 | €43,832 | €55,725 | €53,321 | €49,738 | €60,930 | ▲ 22.5% |
| Amounts receivable within one year40/41 | €21,949 | €15,198 | €22,970 | €17,395 | €26,455 | ▲ 52.1% |
| Trade receivables40 | €7,660 | €0 | €7,773 | €2,197 | €11,177 | ▲ 409% |
| Other amounts receivable41 | €14,290 | €15,198 | €15,198 | €15,198 | €15,278 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €21,883 | €40,527 | €30,351 | €32,343 | €34,474 | ▲ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,464 | €63,322 | €58,166 | €53,388 | €63,310 | ▲ 18.6% |
| Equity10/15 | €15,449 | €29,979 | €19,772 | €17,791 | €14,703 | ▼ 17.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,350 | €1,350 | €1,350 | €1,350 | €1,350 | = |
| Non-distributable reserves130/1 | €1,350 | €1,350 | €1,350 | €1,350 | €1,350 | = |
| Legal reserve130 | - | €1,350 | €1,350 | €1,350 | €1,350 | = |
| Reserves not available under the articles1311 | €1,350 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€4,494 | €10,037 | -€171 | -€2,152 | -€5,239 | ▼ 144% |
| Amounts payable17/49 | €33,015 | €33,343 | €38,394 | €35,597 | €48,607 | ▲ 36.5% |
| Amounts payable within one year42/48 | €33,015 | €33,343 | €38,394 | €35,597 | €48,607 | ▲ 36.5% |
| Trade debts44 | €997 | €8,715 | €13,160 | €15,617 | €37,916 | ▲ 143% |
| Suppliers440/4 | €452 | €8,715 | €13,160 | €15,617 | €37,916 | ▲ 143% |
| Bills of exchange payable441 | €545 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €7,018 | €5,627 | €22,169 | €3,670 | €6,569 | ▲ 79.0% |
| Taxes450/3 | €7,018 | €5,627 | €4,669 | €3,670 | €6,569 | ▲ 79.0% |
| Remuneration and social security454/9 | - | - | €17,500 | - | - | - |
| Other amounts payable47/48 | €25,000 | €19,000 | €3,065 | €16,311 | €4,122 | ▼ 74.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,278 | €14,530 | €1,358 | -€1,981 | -€3,088 | ▼ 55.9% |
| + Depreciation and write-downs630 | €1,610 | €2,484 | €2,752 | €2,445 | €2,038 | ▼ 16.6% |
| Operating cash flow (approximation) | -€2,668 | €17,015 | €4,110 | €463 | -€1,050 | ▼ 327% |
| Investment in fixed assets (approximation) | - | -€5,449 | €0 | -€1,249 | -€768 | ▲ 38.5% |
| Change in cash | - | €18,645 | -€10,177 | €1,993 | €2,131 | ▲ 6.9% |
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
22-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 22 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €14,530
Net result €14,530 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€4,278
Net result drops to -€4,278, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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, Brussel · 1 establishment unit since 1998
Ground area
427 m²
Building footprint
182 m²
Volume, LiDAR
813 m³
2 parcels, Brussels, Flanders · tallest building 8.0 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hendrik I-lei 372, 1800 Vilvoorde
since 19982.089.319.127
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643G0528/00H003 | Flanders | 323 m² | 1 · 182 m² | 8.0 m · 1 fl. |
| 21810L2197/00C020 | Brussels | 103 m² | - | - |
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.
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BE 0833.653.236
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PLATINIFY
BE 0749.563.936
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Of 2,119 companies in sector 46500 we hold annual accounts for 1,403. 543 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
Founded17-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46500Wholesale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464586349
Also
9925:BE0464586349
Registered
12-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.