INTEGRAL SYSTEMS
ActiveSummary
INTEGRAL SYSTEMS has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69,467 and a net result of €23,968. Equity is growing by ~32% per year across the filed fiscal years. Its solvency ranks better than 74% of 2278 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+31
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 5.21 against 4.66 in 2023; short-term debt: 17.2% and cash: 78.5% of total assets), and 20.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% 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 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
49 d early
2022
41 d early
2021
48 d early
2020
58 d early
2019
58 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 51 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#2 oldest company in Mechelen, Telecoms and IT sector
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€69,467▲ 50.0%
2023 · €46,300
Total assets
€87,780▲ 37.2%
2023 · €63,987
Net result
€23,968▲ 14,094%
2023 · €169
Working capital
€63,651▲ 70.0%
2023 · €37,441
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service 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€28,256▲ 29.5%€8,192▼ 71.0%€16,166▲ 97.3%€2,469▼ 84.7%€34,882▲ 1,313%
Net result€20,308within the sector's middle half▼ 5.0%€5,713within the sector's middle half▼ 71.9%€10,922within the sector's middle half▲ 91.2%€169within the sector's middle half▼ 98.5%€23,968within the sector's middle half▲ 14,094%
Equity€31,096within the sector's middle half▲ 168%€36,009within the sector's middle half▲ 15.8%€46,131within the sector's middle half▲ 28.1%€46,300within the sector's middle half▲ 0.4%€69,467within the sector's middle half▲ 50.0%
Total assets€82,950within the sector's middle half▲ 150%€80,662within the sector's middle half▼ 2.8%€69,756within the sector's middle half▼ 13.5%€63,987within the sector's middle half▼ 8.3%€87,780within the sector's middle half▲ 37.2%
Debt€51,854▲ 140%€44,653▼ 13.9%€23,625▼ 47.1%€17,687▼ 25.1%€18,312▲ 3.5%
Working capital€14,675within the sector's middle half▲ 14.4%€22,125within the sector's middle half▲ 50.8%€33,992within the sector's middle half▲ 53.6%€37,441within the sector's middle half▲ 10.1%€63,651within the sector's middle half▲ 70.0%
Solvency37.5%within the sector's middle half▲ 2.5pp44.6%within the sector's middle half▲ 7.2pp66.1%within the sector's middle half▲ 21.5pp72.4%within the sector's middle half▲ 6.2pp79.1%within the sector's middle half▲ 6.8pp
Current ratio1.67within the sector's middle half▲ 0.011.97within the sector's middle half▲ 0.314.74above the sector's middle half▲ 2.764.66above the sector's middle half▼ 0.085.21above the sector's middle half▲ 0.55
Return on assets (ROA)24.5%above the sector's middle half▼ 39.9pp7.1%within the sector's middle half▼ 17.4pp15.7%within the sector's middle half▲ 8.6pp0.3%below the sector's middle half▼ 15.4pp27.3%within the sector's middle half▲ 27.0pp
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service 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 recovers in 2024; 2024 is 1,313% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €87,780
Fixed assets
€9,015 ▼ 44.7%
Current assets
€78,764 ▲ 65.2%
Equity and liabilities €87,780
Equity
€69,467 ▲ 50.0%
Debt
€18,312 ▲ 3.5%
Debt's share of the balance-sheet total falls from 27.6% to 20.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45,310▲
2023 · €12,821
Cash flow
€34,396▲
2023 · €10,521
Debt to equity
0.26▼
2023 · 0.38
ROE
34.5%▲
2023 · 0.4%
Interest coverage
132.27▲
2023 · 29.49
Debt ≤ 1 year
€15,114▲
2023 · €10,234
Income taxes
€10,571▲
2023 · €1,865
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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 31,349 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 | €5,286 | €10,500 | €10,268 | €10,352 | €10,428 | ▲ 0.7% |
| Other operating charges640/8 | - | €1,469 | €952 | €1,026 | €1,004 | ▼ 2.1% |
| Gross operating margin9900 | €34,815 | €20,161 | €27,386 | €13,847 | €46,313 | ▲ 234% |
| Operating profit (loss)9901 | €28,256 | €8,192 | €16,166 | €2,469 | €34,882 | ▲ 1,313% |
| Financial income75/76B | - | €0 | - | - | €0 | - |
| Recurring financial income75 | - | €0 | - | - | €0 | - |
| Financial charges65/66B | - | €748 | €591 | €435 | €343 | ▼ 21.2% |
| Recurring financial charges65 | €1,044 | €748 | €591 | €435 | €343 | ▼ 21.2% |
| Profit (loss) for the period before taxes9903 | €27,212 | €7,444 | €15,575 | €2,034 | €34,539 | ▲ 1,598% |
| Income taxes67/77 | €6,904 | €1,732 | €4,653 | €1,865 | €10,571 | ▲ 467% |
| Profit (loss) for the period9904 | €20,308 | €5,713 | €10,922 | €169 | €23,968 | ▲ 14,094% |
| Profit (loss) for the period to be appropriated9905 | €20,308 | €5,713 | €10,922 | €169 | €23,968 | ▲ 14,094% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,950 | €80,662 | €69,756 | €63,987 | €87,780 | ▲ 37.2% |
| Fixed assets21/28 | €46,279 | €35,779 | €26,664 | €16,312 | €9,015 | ▼ 44.7% |
| Tangible fixed assets22/27 | €46,079 | €35,579 | €26,464 | €16,112 | €8,815 | ▼ 45.3% |
| Furniture and vehicles24 | - | €35,579 | €26,464 | €16,112 | €8,815 | ▼ 45.3% |
| Financial fixed assets28 | €200 | €200 | €200 | €200 | €200 | = |
| Current assets29/58 | €36,671 | €44,882 | €43,091 | €47,675 | €78,764 | ▲ 65.2% |
| Amounts receivable within one year40/41 | €9,932 | €12,049 | €11,816 | €9,085 | €9,208 | ▲ 1.4% |
| Trade receivables40 | - | €10,193 | €9,886 | €8,950 | €9,208 | ▲ 2.9% |
| Other amounts receivable41 | - | €1,856 | €1,930 | €135 | - | - |
| Cash at bank and in hand54/58 | €26,003 | €32,272 | €22,122 | €37,939 | €68,877 | ▲ 81.5% |
| Deferred charges and accrued income490/1 | - | €562 | €9,154 | €652 | €679 | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,950 | €80,662 | €69,756 | €63,987 | €87,780 | ▲ 37.2% |
| Equity10/15 | €31,096 | €36,009 | €46,131 | €46,300 | €69,467 | ▲ 50.0% |
| Contributions10/11 | - | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Reserves13 | €21,355 | €27,067 | €27,067 | €27,067 | €50,067 | ▲ 85.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €25,207 | €25,207 | €25,207 | €48,207 | ▲ 91.2% |
| Profit (loss) carried forward14 | -€100,259 | -€101,058 | -€90,936 | -€90,767 | -€90,600 | ▲ 0.2% |
| Amounts payable17/49 | €51,854 | €44,653 | €23,625 | €17,687 | €18,312 | ▲ 3.5% |
| Amounts payable after more than one year17 | €26,494 | €19,309 | €11,964 | €4,456 | - | - |
| Financial debts170/4 | - | €19,309 | €11,964 | €4,456 | - | - |
| Amounts payable within one year42/48 | €21,995 | €22,757 | €9,100 | €10,234 | €15,114 | ▲ 47.7% |
| Current portion of amounts payable after more than one year42 | - | €7,185 | €7,345 | €7,508 | €4,456 | ▼ 40.6% |
| Trade debts44 | €521 | €1,938 | €288 | €132 | €1,401 | ▲ 960% |
| Suppliers440/4 | - | €1,938 | €288 | €132 | €1,401 | ▲ 960% |
| Taxes, remuneration and social security45 | - | €7,129 | €577 | €1,283 | €4,274 | ▲ 233% |
| Taxes450/3 | - | €7,129 | €577 | €1,283 | €4,274 | ▲ 233% |
| Other amounts payable47/48 | - | €6,505 | €890 | €1,311 | €4,982 | ▲ 280% |
| Accrued charges and deferred income492/3 | - | €2,587 | €2,561 | €2,997 | €3,198 | ▲ 6.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,308 | €5,713 | €10,922 | €169 | €23,968 | ▲ 14,094% |
| + Depreciation and write-downs630 | €5,286 | €10,500 | €10,268 | €10,352 | €10,428 | ▲ 0.7% |
| Operating cash flow (approximation) | €25,594 | €16,213 | €21,190 | €10,521 | €34,396 | ▲ 227% |
| Investment in fixed assets (approximation) | - | €0 | -€1,153 | €0 | -€3,131 | - |
| Change in cash | - | €6,268 | -€10,150 | €15,817 | €30,938 | ▲ 95.6% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €23,968 ▲14,094%
Operating result €34,882, net result €23,968, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.74
Current ratio from 1.97 to 4.74; short-term debt falls from €22,757 to €9,100.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €21,379
Net result €21,379 after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.66
Current ratio from 0.34 to 1.66; short-term debt falls from €21,692 to €19,403.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mechelen · 1 establishment unit since 1996
Ground area
131 m²
Building footprint
66 m²
Volume, LiDAR
429 m³
Parcel 12404F0031/00S002, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Polderstraat 57, 2800 Mechelen
since 19962.025.206.580
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404F0031/00S002 | Flanders | 131 m² | 1 · 66 m² | 9.8 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 495 EUR awarded · 495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 495 EUR | 495 EUR |
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,274. 972 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
Founded25-09-1979
Fiscal year end31-12
Abbreviation NL
I.S.
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419824413
Also
9925:BE0419824413
Registered
12-09-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.