Equity
€15,879 from €79,468 in 2024
Equity fell by 80% in 1 year.
INTEGRATED SYSTEMS
Lifetime
17 annual accounts with figures on one time axispeak €261,231 (2024)
€119,524▼ 54.2%
lowest -€82,666 (2018)
-€63,589▼ €81,055
peak €79,468 (2024)
€15,879▼ 80.0%
€368,483▼ 22.4%
peak 2.3 FTE (2018)
-not published
Board1 name since 2008
-
Documentsfilings and deeds
19-01-202612 days before the deadline
2025micro format
Gross margin from €261,231 to €119,524Loss of €63,589Equity from €79,468 to €15,879Debts from €474,934 to €368,483Cash from €533 to €7,957
Key points
from the 2025 annual accountsResult
-€63,589 -€63,589
From profit to loss in 2025, after a profit of €17,466 in 2024.
Turnover
≈ €360,000 estimated
The micro format states no turnover.
Debts
€368,483 96% of the balance sheet
Financial debts 56%Suppliers 9%Taxes and wages 9%Other 26%
Of this, €213,777 falls due within a year.
Staff
2 employees on 30-06-2025
In 2025, 1 person joined and 3 left.
Position in the sector
-€63,589
Lower net result than 95% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
Checked score
53
Fair
Financially stronger than 8% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.6%▲ +0.2 percentage points vs 12-2024
02-2025: 0.9%▲ +0.3 percentage points vs 01-2025
03-2025: 0.8%▼ -0.1 percentage points vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.7%▼ -0.1 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.9%▲ +0.2 percentage points vs 12-2025
02-2026: 1.3%▲ +0.4 percentage points vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.3%● unchanged vs 07-2026highest value
09-2026: 1.3%● unchanged vs 08-2026highest value
10-2026: 1.2%▼ -0.1 percentage points vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €63,589 (financial year 2025)
Sector: Specialised construction activities (NACE 43)
Equity €15,879 (4.1% of total assets)
lowers risk
Size: total assets €384,362
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 10% of them on solvency, 14% on liquidity, 4% on profitability and 5% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as INTEGRATED SYSTEMS has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of INTEGRATED SYSTEMS itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for INTEGRATED SYSTEMS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.85 (1.14 in 2024), below 1. Short-term debt is 55.6% and cash 2.1% of total assets. 95.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-01-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 days early
2024
14 days late
2023
43 days early
2022
41 days early
2021
41 days early
2020
3 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0895224579
Resignation: Eeckelaert Wim (manager)
Reappointment: Eeckelaert Wim (director) · General meeting of 18-01-2023 · Gazette deed
Registered office moved from Sint-Niklaas to Destelbergen
New registered office: Burgstraat 78 bus 003 te 9070 Destelbergen · Previous registered office: De Gravestraat 17 te 9100 Sint-Niklaas · Board meeting of 29-12-2017 · Gazette deed
Incorporation
published on 05-02-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| INTEGRATED SYSTEMS Destelbergen | €384,362 | €119,524 | 4.1% | - |
| JAVADA Maldegem | €336,139 | €115,945 | 53.3% | - |
| DRS Elec Deinze | €429,732 | €107,013 | 91.1% | - |
| KRIS STROEF Maldegem | €433,639 | €106,191 | 94.2% | - |
| Electriciteitswerken Bart Almeye Nazareth-De Pinte | €350,278 | €103,381 | 74.2% | - |
| Electrima Nazareth-De Pinte | €454,267 | €100,742 | 43.1% | - |
| Electriciteitswerken Boon Lokeren | €353,336 | €152,449 | 40.6% | - |
These companies have the same main activity as INTEGRATED SYSTEMS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €336,000 and €454,000, founded between 2007 and 2008.
Official details
Source: KBO- Status
- Active since 25-01-2008Normal situation
- Registered office
- 13 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- General electrical installation workNACE 43211and 5 others
- Joint committees
- 201Independent retail
- 149.01Electricians: installation and distribution · annual accounts 30-06-2025
- Establishment unit
- 2.168.324.6379070 Destelbergen, since 25-01-2008
- Financial year end
- 30 June
- Peppol
- Reachable since 08-06-2025
Annual accounts to 30-06-2025
- €384,362▼ 30.7%
- Employeeson 30-06-2025
- 2▼ 50.0%
- Filing
- Filed on 19-01-2026, 12 days before the end of the filing period
Insights on INTEGRATED SYSTEMS
INTEGRATED SYSTEMS files the micro format. That format states no turnover. The gross margin rose from €13,109 in 2009 to €119,524 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about INTEGRATED SYSTEMS
- What is the company number of INTEGRATED SYSTEMS?
- The company number of INTEGRATED SYSTEMS is 0895.224.579. The VAT number is the same number with BE in front: BE 0895.224.579.
- Where is INTEGRATED SYSTEMS based?
- The registered office is at Burgstraat 78, 9070 Destelbergen.Company details
- What does INTEGRATED SYSTEMS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of INTEGRATED SYSTEMS?
- INTEGRATED SYSTEMS is a private limited company (BV).
- When was INTEGRATED SYSTEMS founded?
- INTEGRATED SYSTEMS was founded on 25-01-2008.
- Is INTEGRATED SYSTEMS still active?
- Yes, INTEGRATED SYSTEMS is an active enterprise in the KBO register.
- How many employees does INTEGRATED SYSTEMS have?
- INTEGRATED SYSTEMS had an average of 2.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does INTEGRATED SYSTEMS fall under?
- In its 30-06-2025 annual accounts, INTEGRATED SYSTEMS states joint committees 201 (Independent retail) and 149.01 (Electricians: installation and distribution).
- What is the turnover of INTEGRATED SYSTEMS?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €119,524 and 38 comparable companies (NACE 43211). It probably lies between €240,000 and €440,000.
- Is INTEGRATED SYSTEMS profitable?
- In financial year 2025, INTEGRATED SYSTEMS made a loss of €63,589.
- Where can I find the annual accounts of INTEGRATED SYSTEMS?
- INTEGRATED SYSTEMS filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of INTEGRATED SYSTEMS due?
- INTEGRATED SYSTEMS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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