Financials
- Fiscal year
- 2025
- Total assets
- €46,344
- Loss
- -€11,932
- Solvency
- -107.7%
Total assets▼ 3.7%
Net result
20202025
System Kings
ActiveSummary
The computed 12-month bankruptcy probability of System Kings is 1.7% (moderate). The 2025 annual accounts show negative equity (-€49,904) and a net result of -€11,932. Equity is shrinking by ~47.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 222 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Manufacture of computer, electronic and optical products
NACE 26200
1 site
How big
€46,344total assets 2025
- Equity
- -€49,904
- Loss
- -€11,932
Turnover not published (abridged schema)
Who decides
Accounts filed 56 d late0 of 1 deed read
Why 53- Latest accounts 56 days late; 3 of the last 3 late- Negative equity -€49,904+ Sector Manufacture of computer, electronic and optical products (NACE 26)+ Size: total assets €46,344Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 10% of its sector peers (NACE 26, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
0=
equity -107.7% of total assets
Liquidity
1-10
short-term debt 207.7% · cash 0.7%
Profitability
0=
return on assets -25.7%
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
- Sector Manufacture of computer, electronic and optical products (NACE 26) lowers the probability
- Size: total assets €46,344 lowers the probability for this profile
- Latest accounts 56 days late; 3 of the last 3 late raises the probability
- Negative equity -€49,904 raises the probability
No credit on open account
Liquidity short (current ratio 0.47 against 0.56 in 2024; short-term debt: 207.7% and cash: 0.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 26, micro). Better than this share of them on solvency 7%, liquidity 3%, profitability 10%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€49,904
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 · 6 filingsDeviation from the deadline
2025
56 d late
2024
87 d late
2023
61 d late
2022
29 d late
2021
119 d late
2020
53 d late
← 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 68 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
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. Usually files around 1 October (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€11,932
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 7
- Since
- 2021
- Next accounts
- by 31-07-2027
- 25-09-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 26-10-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Manufacture of computer, electronic and optical productsNACE 26200
- Founded
- 06-06-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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