INSTAL SYSTEM
ActiveSummary
INSTAL SYSTEM has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €17k. Equity is growing by ~32.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-3
Solvency96▲+12
Growth73▼-5
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 7.15 against 5.96 in 2024; short-term debt: 10.5% and cash: 1.6% of total assets), and 28.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three 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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
on the day
2022
3 d late
2021
2 d late
2020
11 d late
2019
61 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Turnover
€496k▼ 10.6%
2024 · €555k
2019: €296klowest value
2020: €370k▲ +25.1% vs 2019
2022: €326k
2023: €395k▲ +21.3% vs 2022
2024: €555k▲ +40.5% vs 2023highest value
2025: €496k▼ -10.6% vs 2024
2019 → 2025
EBIT margin
4.9%▼ 0.5pp
2024 · 5.4%
2019: 1.3%lowest value
2020: 5.2%▲ +302% vs 2019
2022: 6.7%highest value
2023: 4.9%▼ -27.6% vs 2022
2024: 5.4%▲ +11.6% vs 2023
2025: 4.9%▼ -8.8% vs 2024
2019 → 2025
Net result
€17k▼ 22.8%
2024 · €22k
2019: €3klowest in 7 years
2020: €14k▲ +437% vs 2019
2021: €4k▼ -69.3% vs 2020
2022: €15k▲ +251% vs 2021
2023: €13k▼ -10.1% vs 2022
2024: €22k▲ +68.3% vs 2023highest in 7 years
2025: €17k▼ -22.8% vs 2024
2019 → 2025
Working capital
€90k▼ 17.3%
2024 · €109k
2019: €9k
2020: €217▼ -97.5% vs 2019lowest in 7 years
2021: €17k▲ +7698% vs 2020
2022: €33k▲ +96.8% vs 2021
2023: €54k▲ +62.1% vs 2022
2024: €109k▲ +101% vs 2023highest in 7 years
2025: €90k▼ -17.3% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€326k€395k▲ 21.3%€555k▲ 40.5%€496k▼ 10.6%
2022: €326klowest in 4 years
2023: €395k▲ +21.3% vs 2022
2024: €555k▲ +40.5% vs 2023highest in 4 years
2025: €496k▼ -10.6% vs 2024
Equity€32k-€47k▲ 45.6%€60k▲ 28.1%€82k▲ 37.0%€99k▲ 20.8%
2021: €32klowest in 5 years
2022: €47k▲ +45.6% vs 2021
2023: €60k▲ +28.1% vs 2022
2024: €82k▲ +37.0% vs 2023
2025: €99k▲ +20.8% vs 2024highest in 5 years
Operating result€7k-€22k▲ 225%€19k▼ 12.1%€30k▲ 56.8%€25k▼ 18.5%
2021: €7klowest in 5 years
2022: €22k▲ +225% vs 2021
2023: €19k▼ -12.1% vs 2022
2024: €30k▲ +56.8% vs 2023highest in 5 years
2025: €25k▼ -18.5% vs 2024
Net result€4k-€15k▲ 251%€13k▼ 10.1%€22k▲ 68.3%€17k▼ 22.8%
2021: €4klowest in 5 years
2022: €15k▲ +251% vs 2021
2023: €13k▼ -10.1% vs 2022
2024: €22k▲ +68.3% vs 2023highest in 5 years
2025: €17k▼ -22.8% vs 2024
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 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139k
Fixed assets
€34k ▲ 273%
Current assets
€104k ▼ 20.0%
Equity and liabilities €139k
Equity
€99k ▲ 20.8%
Debt
€40k ▼ 31.0%
Debt's share of the balance-sheet total falls from 41.4% to 28.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €38k
Cash flow
€27k▼
2024 · €30k
Current ratio
7.15▲
2024 · 5.96
Debt to equity
0.40▼
2024 · 0.71
ROE
17.2%▼
2024 · 27.0%
ROA
12.3%▼
2024 · 15.8%
Interest coverage
21.04▼
2024 · 151.14
Debt ≤ 1 year
€15k▼
2024 · €22k
Debt > 1 year
€25k▼
2024 · €36k
Income taxes
€6k▼
2024 · €8k
Staff costs
€2k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€139k▼
Fixed assets21/28€9k€34k▲
Tangible fixed assets22/27€9k€34k▲
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€2k€29k▲
Current assets29/58€130k€104k▼
Amounts receivable within one year40/41€96k€101k▲
Trade receivables40€51k€49k▼
Other amounts receivable41€45k€51k▲
Cash at bank and in hand54/58€33k€2k▼
Deferred charges and accrued income490/1€1k€1k=
Equity and liabilities
Total equity and liabilities10/49€140k€139k▼
Equity10/15€82k€99k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€81k€98k▲
Amounts payable17/49€58k€40k▼
Amounts payable after more than one year17€36k€25k▼
Financial debts170/4€36k€25k▼
Amounts payable within one year42/48€22k€15k▼
Trade debts44€9k€4k▼
Suppliers440/4€9k€4k▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€12k€10k▼
Income statement
Code20242025
Turnover70€555k€496k▼
Non-recurring operating income76A€5k-
Goods, raw materials, services and sundry goods60/61€520k€465k▼
Remuneration, social security and pensions62€1k€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€10k▲
Other operating charges640/8€950€1k▲
Gross operating margin9900€40k€38k▼
Operating profit (loss)9901€30k€25k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€250€2k▲
Recurring financial charges65€250€2k▲
Profit (loss) for the period before taxes9903€30k€23k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€22k€17k▼
Profit (loss) for the period to be appropriated9905€22k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€81k€98k▲
Profit (loss) brought forward from the previous period14P€59k€81k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €326k | €395k | €555k | €496k | ▼ 10.6% |
| Non-recurring operating income76A | - | €4k | €5k | €5k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €290k | €364k | €520k | €465k | ▼ 10.7% |
| Remuneration, social security and pensions62 | - | €1k | €775 | €1k | €2k | ▲ 38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €16k | €14k | €8k | €10k | ▲ 33.3% |
| Other operating charges640/8 | - | €840 | €2k | €950 | €1k | ▲ 21.2% |
| Gross operating margin9900 | €24k | €40k | €36k | €40k | €38k | ▼ 5.7% |
| Operating profit (loss)9901 | €7k | €22k | €19k | €30k | €25k | ▼ 18.5% |
| Financial income75/76B | - | €0 | - | €0 | €1 | ▲ 4,067% |
| Recurring financial income75 | €1 | €0 | - | €0 | €1 | ▲ 4,067% |
| Financial charges65/66B | - | €1k | €181 | €250 | €2k | ▲ 561% |
| Recurring financial charges65 | €45 | €930 | €181 | €250 | €2k | ▲ 561% |
| Non-recurring financial charges66B | - | €288 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €7k | €21k | €19k | €30k | €23k | ▼ 23.3% |
| Income taxes67/77 | €3k | €6k | €6k | €8k | €6k | ▼ 24.6% |
| Profit (loss) for the period9904 | €4k | €15k | €13k | €22k | €17k | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €4k | €15k | €13k | €22k | €17k | ▼ 22.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €77k | €83k | €105k | €140k | €139k | ▼ 0.6% |
| Fixed assets21/28 | €36k | €22k | €9k | €9k | €34k | ▲ 273% |
| Tangible fixed assets22/27 | €36k | €22k | €9k | €9k | €34k | ▲ 273% |
| Plant, machinery and equipment23 | - | €2k | €3k | €7k | €5k | ▼ 23.7% |
| Furniture and vehicles24 | - | €20k | €7k | €2k | €29k | ▲ 1,079% |
| Current assets29/58 | €41k | €61k | €95k | €130k | €104k | ▼ 20.0% |
| Amounts receivable within one year40/41 | €40k | €58k | €85k | €96k | €101k | ▲ 5.1% |
| Trade receivables40 | - | €40k | €42k | €51k | €49k | ▼ 3.8% |
| Other amounts receivable41 | - | €18k | €43k | €45k | €51k | ▲ 15.1% |
| Cash at bank and in hand54/58 | €163 | €3k | €9k | €33k | €2k | ▼ 93.1% |
| Deferred charges and accrued income490/1 | - | - | €2k | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €77k | €83k | €105k | €140k | €139k | ▼ 0.6% |
| Equity10/15 | €32k | €47k | €60k | €82k | €99k | ▲ 20.8% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €31k | €46k | €59k | €81k | €98k | ▲ 21.1% |
| Amounts payable17/49 | €45k | €36k | €45k | €58k | €40k | ▼ 31.0% |
| Amounts payable after more than one year17 | €20k | €9k | €4k | €36k | €25k | ▼ 29.6% |
| Financial debts170/4 | - | €9k | €4k | €36k | €25k | ▼ 29.6% |
| Amounts payable within one year42/48 | €24k | €27k | €41k | €22k | €15k | ▼ 33.2% |
| Financial debts43 | - | €5k | €5k | - | - | - |
| Credit institutions430/8 | - | €5k | €5k | - | - | - |
| Trade debts44 | €19k | €11k | €23k | €9k | €4k | ▼ 54.6% |
| Suppliers440/4 | - | €11k | €23k | €9k | €4k | ▼ 54.6% |
| Taxes, remuneration and social security45 | - | €11k | €13k | €12k | €10k | ▼ 16.9% |
| Taxes450/3 | - | €11k | €13k | €12k | €10k | ▼ 16.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €15k | €13k | €22k | €17k | ▼ 22.8% |
| + Depreciation and write-downs630 | €15k | €16k | €14k | €8k | €10k | ▲ 33.3% |
| Operating cash flow (approximation) | €19k | €30k | €28k | €30k | €27k | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €-2k | €-2k | €-8k | €-35k | ▼ 367% |
| Change in cash | - | €3k | €6k | €24k | €-31k | ▼ 226% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €22k ▲68.3%
Operating result €30k, net result €22k, both a record.
31-03
Financial
Liquidity triplescurrent ratio 5.96
Current ratio from 2.31 to 5.96; short-term debt falls from €41k to €22k.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2018
20-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
26 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, Steenokkerzeel · 1 establishment unit since 2014
Ground area
831 m²
Building footprint
120 m²
Volume, LiDAR
986 m³
Parcel 23081B0194/00A000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
INSTAL SYSTEM
since 20142.236.793.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23081B0194/00A000 | Flanders | 831 m² | 1 · 120 m² | 10.7 m · 3 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 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,810 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
Founded07-11-2014
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
41003General construction of other non-residential buildings
43240Other construction installation
49410Freight transport by road
53200Other postal and courier activities
56301Cafés and bars
81230Other cleaning activities
Scores and ratios are computed by Checked and are not a credit decision.