I-SYSTEM
ActiveSummary
I-SYSTEM has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €-8k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-32
Solvency58▼-16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 2.52 in 2024; short-term debt: 30.4% and cash: 7.5% of total assets), but 67.3% of the assets are financed with debt.
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Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more 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
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
32.7%
Return on assets
-3.1%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
30 d late
2023
89 d late
2022
80 d late
2021
61 d late
2020
37 d late
2019
47 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€84k▼ 31.2%
2024 · €122k
Total assets
€256k▲ 3.0%
2024 · €249k
Net result
€-8k
2024 · €2k
Working capital
€56k▼ 38.6%
2024 · €91k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31k▼ 30.9%€2k▼ 93.0%€70k▲ 3,070%€5k▼ 92.6%€-6k
Net result€19k▼ 50.0%€-2k€48k€2k▼ 96.1%€-8k
Equity€97k▲ 21.1%€94k▼ 3.4%€140k▲ 48.9%€122k▼ 13.0%€84k▼ 31.2%
Total assets€224k▼ 9.4%€245k▲ 9.6%€266k▲ 8.5%€249k▼ 6.6%€256k▲ 3.0%
Debt€127k▼ 24.1%€151k▲ 19.6%€126k▼ 16.6%€127k▲ 0.5%€172k▲ 35.8%
Working capital€57k▲ 56.6%€54k▼ 4.0%€106k▲ 94.2%€91k▼ 13.5%€56k▼ 38.6%
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 €6k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256k
Fixed assets
€122k ▲ 25.5%
Current assets
€134k ▼ 11.4%
Equity and liabilities €256k
Equity
€84k ▼ 31.2%
Debt
€172k ▲ 35.8%
Debt's share of the balance-sheet total rises from 51.1% to 67.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€10k▼
2024 · €13k
Cash flow
€8k▼
2024 · €10k
Current ratio
1.72▼
2024 · 2.52
Debt to equity
2.06▲
2024 · 1.04
ROE
-9.5%▼
2024 · 1.5%
ROA
-3.1%▼
2024 · 0.7%
Interest coverage
2.82▼
2024 · 6.77
Debt ≤ 1 year
€78k▲
2024 · €60k
Debt > 1 year
€91k▲
2024 · €65k
Income taxes
€135▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €25k | €20k | €8k | €16k | ▲ 104% |
| Other operating charges640/8 | €6k | €4k | €3k | €14k | €6k | ▼ 60.0% |
| Non-recurring operating charges66A | €4k | - | - | - | - | - |
| Gross operating margin9900 | €67k | €32k | €92k | €28k | €16k | ▼ 43.4% |
| Operating profit (loss)9901 | €31k | €2k | €70k | €5k | €-6k | ▼ 226% |
| Financial income75/76B | €698 | €1k | €2k | €2k | €2k | ▼ 8.4% |
| Recurring financial income75 | €698 | €1k | €2k | €2k | €2k | ▼ 8.4% |
| Financial charges65/66B | €3k | €3k | €2k | €2k | €3k | ▲ 79.3% |
| Recurring financial charges65 | €3k | €3k | €2k | €2k | €3k | ▲ 79.3% |
| Profit (loss) for the period before taxes9903 | €29k | €677 | €69k | €6k | €-8k | ▼ 238% |
| Income taxes67/77 | €10k | €3k | €21k | €4k | €135 | ▼ 96.4% |
| Profit (loss) for the period9904 | €19k | €-2k | €48k | €2k | €-8k | ▼ 527% |
| Profit (loss) for the period to be appropriated9905 | €19k | €-2k | €48k | €2k | €-8k | ▼ 527% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €224k | €245k | €266k | €249k | €256k | ▲ 3.0% |
| Fixed assets21/28 | €144k | €125k | €105k | €97k | €122k | ▲ 25.5% |
| Tangible fixed assets22/27 | €144k | €125k | €105k | €97k | €122k | ▲ 25.5% |
| Land and buildings22 | €97k | €94k | €91k | €89k | €86k | ▼ 3.0% |
| Plant, machinery and equipment23 | €17k | €13k | €9k | €5k | €2k | ▼ 67.6% |
| Furniture and vehicles24 | €31k | €18k | €5k | €4k | €35k | ▲ 786% |
| Financial fixed assets28 | €93 | - | - | - | - | - |
| Current assets29/58 | €80k | €120k | €161k | €151k | €134k | ▼ 11.4% |
| Amounts receivable after more than one year29 | - | - | €35k | €49k | €49k | = |
| Other amounts receivable291 | - | - | €35k | €49k | €49k | = |
| Stocks and contracts in progress3 | €3k | €3k | - | - | - | - |
| Stocks30/36 | €3k | €3k | - | - | - | - |
| Amounts receivable within one year40/41 | €35k | €89k | €63k | €54k | €63k | ▲ 17.5% |
| Trade receivables40 | €13k | €45k | €41k | €36k | €43k | ▲ 20.0% |
| Other amounts receivable41 | €22k | €44k | €22k | €18k | €20k | ▲ 12.3% |
| Cash at bank and in hand54/58 | €38k | €26k | €61k | €48k | €19k | ▼ 59.5% |
| Deferred charges and accrued income490/1 | €4k | €3k | €2k | €885 | €3k | ▲ 187% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €224k | €245k | €266k | €249k | €256k | ▲ 3.0% |
| Equity10/15 | €97k | €94k | €140k | €122k | €84k | ▼ 31.2% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €70k | €70k | €114k | €95k | €65k | ▼ 31.6% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €68k | €68k | €114k | €95k | €65k | ▼ 31.6% |
| Profit (loss) carried forward14 | €9k | €6k | €5k | €6k | €-2k | ▼ 127% |
| Amounts payable17/49 | €127k | €151k | €126k | €127k | €172k | ▲ 35.8% |
| Amounts payable after more than one year17 | €103k | €85k | €71k | €65k | €91k | ▲ 39.5% |
| Financial debts170/4 | €103k | €85k | €71k | €65k | €91k | ▲ 39.5% |
| Amounts payable within one year42/48 | €23k | €66k | €55k | €60k | €78k | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | €18k | €24k | €19k | €9k | €17k | ▲ 78.0% |
| Financial debts43 | €3k | €3k | €3k | €2k | - | - |
| Credit institutions430/8 | €3k | €3k | €3k | €2k | - | - |
| Trade debts44 | €30 | €33k | €20k | €12k | €26k | ▲ 120% |
| Suppliers440/4 | €30 | €33k | €20k | €12k | €26k | ▲ 120% |
| Taxes, remuneration and social security45 | €1k | €5k | €11k | €14k | €3k | ▼ 78.6% |
| Taxes450/3 | €1k | €119 | €11k | €14k | €3k | ▼ 78.6% |
| Remuneration and social security454/9 | - | €5k | - | - | - | - |
| Other amounts payable47/48 | €2k | €800 | €2k | €22k | €32k | ▲ 45.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2k | €4k | ▲ 85.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €-2k | €48k | €2k | €-8k | ▼ 527% |
| + Depreciation and write-downs630 | €26k | €25k | €20k | €8k | €16k | ▲ 104% |
| Operating cash flow (approximation) | €44k | €23k | €68k | €10k | €8k | ▼ 14.4% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €0 | €-41k | - |
| Change in cash | - | €-13k | €35k | €-13k | €-28k | ▼ 113% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 89 days late
2023
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-12
Financial
Equity above €100kEq €140k ▲48.9%
Equity rises from €94k to €140k.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 37 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 47 days late
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Braine-l'Alleud · 1 establishment unit since 1982
Ground area
1,342 m²
Building footprint
170 m²
Volume, LiDAR
1,132 m³
Parcel 25078B0105/00T002, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
I-SYSTEM
since 19822.019.897.217
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25078B0105/00T002 | Wallonia | 1,342 m² | 1 · 170 m² | 10.3 m · 2 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.
Similar companies · same sector, comparable size
DM PRO Technics
BE 1008.743.679
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KV SYSTEM
BE 0685.887.691
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Volta-Elec
BE 0740.907.576
Mons · Eq €83,828
SICALEC
BE 0417.763.063
Menen · Eq €83,836
VDT SERVICES
BE 1003.981.672
Affligem · Eq €83,843
Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,804 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
Founded04-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47742Retail sale of prescription glasses, lenses and sunglasses
Scores and ratios are computed by Checked and are not a credit decision.