PERFORMANCE SYSTEMS
ActiveSummary
The computed 12-month bankruptcy probability of PERFORMANCE SYSTEMS is 4.0% (moderate). The 2024 annual accounts show negative equity (-€53,737) and a net result of -€13,343. Equity is shrinking by ~7.8% per year across the filed fiscal years. The company has been active since 1984 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
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Signals
This company filed its last 6 accounts on average 509 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.0% 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 6,640 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €1,379 | €1,407 | €1,412 | €1,545 | €8,238 | ▲ 433% |
| Gross operating margin9900 | €4,500 | €4,500 | €4,500 | €0 | - | - |
| Operating profit (loss)9901 | €3,121 | €3,093 | €3,088 | -€1,545 | -€8,238 | ▼ 433% |
| Financial charges65/66B | €4,656 | €4,716 | €4,782 | €4,849 | €5,105 | ▲ 5.3% |
| Recurring financial charges65 | €4,656 | €4,716 | €4,782 | €4,849 | €5,105 | ▲ 5.3% |
| Profit (loss) for the period before taxes9903 | -€1,535 | -€1,623 | -€1,694 | -€6,394 | -€13,343 | ▼ 109% |
| Profit (loss) for the period9904 | -€1,535 | -€1,623 | -€1,694 | -€6,394 | -€13,343 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | -€1,535 | -€1,623 | -€1,694 | -€6,394 | -€13,343 | ▼ 109% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,236 | €87,236 | €87,236 | €87,236 | €87,236 | = |
| Fixed assets21/28 | €87,236 | €87,236 | €87,236 | €87,236 | €87,236 | = |
| Tangible fixed assets22/27 | €86,622 | €86,622 | €86,622 | €86,622 | €86,622 | = |
| Land and buildings22 | €86,622 | €86,622 | €86,622 | €86,622 | €86,622 | = |
| Financial fixed assets28 | €614 | €614 | €614 | €614 | €614 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,236 | €87,236 | €87,236 | €87,236 | €87,236 | = |
| Equity10/15 | -€30,683 | -€32,306 | -€34,000 | -€40,394 | -€53,737 | ▼ 33.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,901 | €1,901 | €1,901 | €1,901 | €1,901 | = |
| Non-distributable reserves130/1 | €1,901 | €1,901 | €1,901 | €1,901 | €1,901 | = |
| Legal reserve130 | €1,901 | €1,901 | €1,901 | €1,901 | €1,901 | = |
| Profit (loss) carried forward14 | -€51,176 | -€52,799 | -€54,493 | -€60,887 | -€74,230 | ▼ 21.9% |
| Amounts payable17/49 | €117,919 | €119,542 | €121,236 | €127,630 | €140,973 | ▲ 10.5% |
| Amounts payable within one year42/48 | €117,919 | €119,542 | €121,236 | €127,630 | €140,973 | ▲ 10.5% |
| Financial debts43 | €117,919 | €119,542 | €121,236 | - | - | - |
| Other loans439 | €117,919 | €119,542 | €121,236 | - | - | - |
| Other amounts payable47/48 | - | - | - | €127,630 | €140,973 | ▲ 10.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,535 | -€1,623 | -€1,694 | -€6,394 | -€13,343 | ▼ 109% |
| Operating cash flow (approximation) | -€1,535 | -€1,623 | -€1,694 | -€6,394 | -€13,343 | ▼ 109% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
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
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24302F0108/00M004 | Flanders | 834 m² | 1 · 147 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.