SYSTEM B
ActiveSummary
The computed 12-month bankruptcy probability of SYSTEM B is 2.5% (moderate). The 2025 annual accounts show negative equity (€-250k) and a net result of €-189k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.57 in 2024; short-term debt: 348.7% and cash: 2% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-374.5%
Return on assets
-282%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-250k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-09-2026, 39 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
39 d late
2024
26 d late
2023
63 d early
2022
36 d early
2021
27 d early
2020
14 d early
2019
31 d early
← 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
€-250k▼ 282%
2024 · €-65k
2018: €-30k
2019: €-34k▼ -12.8% vs 2018
2020: €-32k▲ +6.7% vs 2019
2021: €-29k▲ +8.6% vs 2020
2022: €7k▲ +125% vs 2021
2023: €9k▲ +18.8% vs 2022highest in 8 years
2024: €-65k▼ -869% vs 2023
2025: €-250k▼ -282% vs 2024lowest in 8 years
2018 → 2025
Total assets
€67k▼ 72.9%
2024 · €247k
2018: €19k
2019: €20k▲ +4.9% vs 2018
2020: €23k▲ +12.8% vs 2019
2021: €14k▼ -36.5% vs 2020lowest in 8 years
2022: €39k▲ +168% vs 2021
2023: €55k▲ +41.9% vs 2022
2024: €247k▲ +351% vs 2023highest in 8 years
2025: €67k▼ -72.9% vs 2024
2018 → 2025
Net result
€-189k▼ 155%
2024 · €-74k
2018: €-11k
2019: €-4k▲ +65.2% vs 2018
2020: €2k▲ +159% vs 2019
2021: €3k▲ +19.4% vs 2020
2022: €36k▲ +1221% vs 2021highest in 8 years
2023: €1k▼ -96.3% vs 2022
2024: €-74k▼ -5589% vs 2023
2025: €-189k▼ -155% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-201k▼ 118%
2024 · €-92k
2018: €-36k
2019: €-48k▼ -34.1% vs 2018
2020: €-40k▲ +16.3% vs 2019
2021: €-35k▲ +14.2% vs 2020
2022: €4k▲ +113% vs 2021highest in 8 years
2023: €4k▼ -9.1% vs 2022
2024: €-92k▼ -2374% vs 2023
2025: €-201k▼ -118% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-29k-€7k€9k▲ 18.8%€-65k€-250k▼ 282%
2021: €-29k
2022: €7k▲ +125% vs 2021
2023: €9k▲ +18.8% vs 2022highest in 5 years
2024: €-65k▼ -869% vs 2023
2025: €-250k▼ -282% vs 2024lowest in 5 years
Operating result€10k-€38k▲ 298%€14k▼ 63.6%€-70k€-183k▼ 160%
2021: €10k
2022: €38k▲ +298% vs 2021highest in 5 years
2023: €14k▼ -63.6% vs 2022
2024: €-70k▼ -608% vs 2023
2025: €-183k▼ -160% vs 2024lowest in 5 years
Net result€3k-€36k▲ 1,221%€1k▼ 96.3%€-74k€-189k▼ 155%
2021: €3k
2022: €36k▲ +1221% vs 2021highest in 5 years
2023: €1k▼ -96.3% vs 2022
2024: €-74k▼ -5589% vs 2023
2025: €-189k▼ -155% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €183k in 2025 against €70k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€35k ▼ 72.6%
Current assets
€32k ▼ 73.2%
Key figures and ratios
EBITDA
€-173k▼
2024 · €-60k
Cash flow
€-179k▼
2024 · €-64k
Solvency
-374.5%▼
2024 · -26.5%
Current ratio
0.14▼
2024 · 0.57
Quick ratio
0.11▼
2024 · 0.15
Debt to equity
-1.27▲
2024 · -4.77
ROA
-282.0%▼
2024 · -30.0%
Interest coverage
-24.93▼
2024 · -16.25
Debt
€317k▲
2024 · €312k
Debt ≤ 1 year
€233k▲
2024 · €212k
Debt > 1 year
€80k▼
2024 · €99k
Staff costs
€5k▼
2024 · €9k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€247k€67k▼
Fixed assets21/28€126k€35k▼
Tangible fixed assets22/27€117k€35k▼
Land and buildings22€8k€7k▼
Plant, machinery and equipment23€95k€16k▼
Furniture and vehicles24€13k€12k▼
Financial fixed assets28€10k-
Current assets29/58€120k€32k▼
Stocks and contracts in progress3€89k€6k▼
Stocks30/36€89k€6k▼
Amounts receivable within one year40/41€11k€18k▲
Trade receivables40€4k€9k▲
Other amounts receivable41€7k€10k▲
Cash at bank and in hand54/58€3k€1k▼
Deferred charges and accrued income490/1€17k€7k▼
Equity and liabilities
Total equity and liabilities10/49€247k€67k▼
Equity10/15€-65k€-250k▼
Contributions10/11€20k€24k▲
Profit (loss) carried forward14€-86k€-274k▼
Amounts payable17/49€312k€317k▲
Amounts payable after more than one year17€99k€80k▼
Financial debts170/4€99k€80k▼
Amounts payable within one year42/48€212k€233k▲
Current portion of amounts payable after more than one year42€17k€19k▲
Financial debts43€16k€17k▲
Credit institutions430/8€16k€17k▲
Trade debts44€6k€19k▲
Suppliers440/4€6k€19k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€950€3k▲
Remuneration and social security454/9€7k€6k▼
Other amounts payable47/48€165k€170k▲
Accrued charges and deferred income492/3€704€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€9k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▼
Other operating charges640/8€387€400▲
Non-recurring operating charges66A-€95k
Gross operating margin9900€-51k€-72k▼
Operating profit (loss)9901€-70k€-183k▼
Financial income75/76B€31€985▲
Recurring financial income75€31€985▲
Financial charges65/66B€4k€7k▲
Recurring financial charges65€4k€7k▲
Profit (loss) for the period before taxes9903€-74k€-189k▼
Profit (loss) for the period9904€-74k€-189k▼
Profit (loss) for the period to be appropriated9905€-74k€-189k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-86k€-274k▼
Profit (loss) brought forward from the previous period14P€-12k€-86k▼
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €9k | €5k | ▼ 41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €10k | €10k | ▼ 1.0% |
| Other operating charges640/8 | €438 | €342 | €782 | €387 | €400 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | - | €95k | - |
| Gross operating margin9900 | €13k | €41k | €18k | €-51k | €-72k | ▼ 40.7% |
| Operating profit (loss)9901 | €10k | €38k | €14k | €-70k | €-183k | ▼ 160% |
| Financial income75/76B | €30 | €143 | €66 | €31 | €985 | ▲ 3,086% |
| Recurring financial income75 | €30 | €143 | €66 | €31 | €985 | ▲ 3,086% |
| Financial charges65/66B | €7k | €2k | €12k | €4k | €7k | ▲ 86.5% |
| Recurring financial charges65 | €7k | €2k | €12k | €4k | €7k | ▲ 86.5% |
| Profit (loss) for the period before taxes9903 | €3k | €36k | €2k | €-74k | €-189k | ▼ 155% |
| Income taxes67/77 | - | - | €950 | - | - | - |
| Profit (loss) for the period9904 | €3k | €36k | €1k | €-74k | €-189k | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | €3k | €36k | €1k | €-74k | €-189k | ▼ 155% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14k | €39k | €55k | €247k | €67k | ▼ 72.9% |
| Fixed assets21/28 | €5k | €3k | €4k | €126k | €35k | ▼ 72.6% |
| Tangible fixed assets22/27 | €5k | €3k | €4k | €117k | €35k | ▼ 70.3% |
| Land and buildings22 | €1k | €568 | - | €8k | €7k | ▼ 10.8% |
| Plant, machinery and equipment23 | €4k | €2k | €2k | €95k | €16k | ▼ 83.1% |
| Furniture and vehicles24 | - | - | €2k | €13k | €12k | ▼ 14.4% |
| Financial fixed assets28 | - | - | - | €10k | - | - |
| Current assets29/58 | €9k | €36k | €50k | €120k | €32k | ▼ 73.2% |
| Stocks and contracts in progress3 | - | €10k | €17k | €89k | €6k | ▼ 93.4% |
| Stocks30/36 | - | €10k | €17k | €89k | €6k | ▼ 93.4% |
| Amounts receivable within one year40/41 | €6k | €17k | €27k | €11k | €18k | ▲ 64.2% |
| Trade receivables40 | €2k | €9k | €26k | €4k | €9k | ▲ 115% |
| Other amounts receivable41 | €4k | €8k | €438 | €7k | €10k | ▲ 36.4% |
| Cash at bank and in hand54/58 | €3k | €8k | €4k | €3k | €1k | ▼ 58.8% |
| Deferred charges and accrued income490/1 | - | - | €2k | €17k | €7k | ▼ 61.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14k | €39k | €55k | €247k | €67k | ▼ 72.9% |
| Equity10/15 | €-29k | €7k | €9k | €-65k | €-250k | ▼ 282% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €24k | ▲ 17.8% |
| Reserves13 | €2k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Profit (loss) carried forward14 | €-50k | €-13k | €-12k | €-86k | €-274k | ▼ 220% |
| Amounts payable17/49 | €44k | €31k | €46k | €312k | €317k | ▲ 1.6% |
| Amounts payable after more than one year17 | - | - | - | €99k | €80k | ▼ 19.1% |
| Financial debts170/4 | - | - | - | €99k | €80k | ▼ 19.1% |
| Amounts payable within one year42/48 | €44k | €31k | €46k | €212k | €233k | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €17k | €19k | ▲ 10.2% |
| Financial debts43 | €10k | €10k | €11k | €16k | €17k | ▲ 3.5% |
| Credit institutions430/8 | €10k | €10k | €11k | €16k | €17k | ▲ 3.5% |
| Trade debts44 | €9k | €15k | €11k | €6k | €19k | ▲ 225% |
| Suppliers440/4 | €9k | €15k | €11k | €6k | €19k | ▲ 225% |
| Taxes, remuneration and social security45 | - | - | €5k | €8k | €9k | ▲ 3.6% |
| Taxes450/3 | - | - | €950 | €950 | €3k | ▲ 177% |
| Remuneration and social security454/9 | - | - | €4k | €7k | €6k | ▼ 18.9% |
| Other amounts payable47/48 | €25k | €6k | €18k | €165k | €170k | ▲ 3.1% |
| Accrued charges and deferred income492/3 | - | - | - | €704 | €4k | ▲ 472% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €36k | €1k | €-74k | €-189k | ▼ 155% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €10k | €10k | ▼ 1.0% |
| Operating cash flow (approximation) | €6k | €39k | €5k | €-64k | €-179k | ▼ 179% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €-132k | €82k | ▲ 162% |
| Change in cash | - | €5k | €-4k | €-985 | €-2k | ▼ 97.4% |
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
08-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 39 days late
2025
31-12
Financial
Weakest financial yearnet €-189k
Net result drops to €-189k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €36k ▲1,221%
Operating result €38k, net result €36k, both a record.
31-12
Financial
Liquidity times 6current ratio 1.14
Current ratio from 0.21 to 1.14; short-term debt falls from €44k to €31k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
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 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, Villers-la-Ville · 2 establishment units since 2008
Ground area
3,456 m²
Building footprint
1,092 m²
Volume, LiDAR
5,529 m³
2 parcels, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SYSTEM B
since 20082.171.310.752
Archix
since 20242.366.928.078
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25020B0398/00L000 | Wallonia | 2,509 m² | 1 · 1,002 m² | 7.6 m · 2 fl. |
| 25098E0099/00N000 | Wallonia | 947 m² | 1 · 90 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AMA
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Of 20,018 companies in sector 43320 we hold annual accounts for 9,132. 4,257 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
Founded14-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43120Site preparation
43240Other construction installation
43310Plastering work
Contact
Phone
071.85.45.62Villers-la-Ville
Scores and ratios are computed by Checked and are not a credit decision.