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AARDVARK SYSTEMS

Active
Private limited company (pre-2019)founded 1983active for 43 yearsLooflaan 19, 1180 Ukkel, BelgiumKBO/BCE: BE 0424.563.159

From the official registers: KBO 42 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of AARDVARK SYSTEMS is 1.7% (moderate). The 2025 annual accounts show negative equity (-€53,150) and a net result of -€89,291. Equity has been shrinking by about 17% per year since 2018. Its solvency ranks better than 10% of 13,716 sector peers (NACE 46, financial year 2025). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 25-08-1983 Normal situation
Legal form
Private limited company (pre-2019)
Registered office
Looflaan 19, 1180 Ukkel
Activity
Wholesale of information and communication equipment NACE 46500
Establishment unit
2.022.975.085 1180 Ukkel, since 15-09-1983
Financial year end
31 December
Peppol
Not found in the Peppol Directory

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Annual accounts 2025
Gross margin
-€85,554
▼ 35.6%
Loss
€89,291
▲ 40.0%
Equity
-€53,150
Total assets
€76,997
▼ 69.4%
2025 accounts filed 80 days before the deadline
Filed on 12-05-2026PDF
Score breakdownraises riskLoss of €89,291, the second in a row (financial year 2025)Negative equity -€53,150lowers riskSize: total assets €76,997Founded in 1983Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 7% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency 0-39
equity -69.0% of total assets
Liquidity 12+2
short-term debt 149.5% · cash 9.8%
Profitability 0=
return on assets -116.0%
Bankruptcy probability within 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 median 0.4% (26,900 companies, NACE 46, micro)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 1.0%▲ +0.1 percentage points vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.1%▲ +0.1 percentage points vs 05-2025 07-2025: 1.2%▲ +0.1 percentage points vs 06-2025 08-2025: 1.7%▲ +0.5 percentage points vs 07-2025highest value 09-2025: 0.8%▼ -0.9 percentage points vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026lowest value 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 1.7%▲ +0.9 percentage points vs 05-2026 07-2026: 1.7%● unchanged vs 06-2026 08-2026: 1.7%● unchanged vs 07-2026 09-2026: 1.7%● unchanged vs 08-2026 10-2026: 1.7%● unchanged vs 09-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.07 (0.4 in 2024), below 1. Short-term debt is 149.5% and cash 9.8% of total assets. Equity is negative.
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 46, micro). It does better than 6% of them on solvency, 13% on liquidity, 6% on profitability and 2% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €76,997
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €89,291, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€53,150
NBB · annual accounts
lowers risk · Founded in 1983
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€53,150
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
80 days early
2024
2 days late
2023
87 days late
2022
15 days early
2021
13 days early
2020
101 days early
2019
81 days late
← 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 6 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 filed years within 67 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€53,150 View
  • Risk: 8 loss-making years in a rowloss in financial year 2025 -€89,291 View
  • Caution: Lower net result than 95% of companies in wholesale tradesector median €5,660 · 13,722 companies -€89,291 View

Documents

Annual accounts at the NBB

All 42 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about AARDVARK SYSTEMS

What is the company number of AARDVARK SYSTEMS?
The company number of AARDVARK SYSTEMS is 0424.563.159. The VAT number is the same number with BE in front: BE 0424.563.159.
Where is AARDVARK SYSTEMS based?
The registered office is at Looflaan 19, 1180 Ukkel.Company details
What does AARDVARK SYSTEMS do?
According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
What is the legal form of AARDVARK SYSTEMS?
The legal form of AARDVARK SYSTEMS is Private limited company (pre-2019) (BVBA).
When was AARDVARK SYSTEMS founded?
AARDVARK SYSTEMS was founded on 25-08-1983.
Is AARDVARK SYSTEMS still active?
Yes, AARDVARK SYSTEMS is an active enterprise in the KBO register.
What is the turnover of AARDVARK SYSTEMS?
The annual accounts for financial year 2025 state no turnover.Financials
Is AARDVARK SYSTEMS profitable?
In financial year 2025, AARDVARK SYSTEMS made a loss of €89,291.
Where can I find the annual accounts of AARDVARK SYSTEMS?
AARDVARK SYSTEMS filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of AARDVARK SYSTEMS due?
AARDVARK SYSTEMS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as AARDVARK SYSTEMS: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €59,100 and €108,000, founded between 1983 and 1988.

CompanyTotal assetsGross margin
AARDVARK SYSTEMS Ukkel€76,997-€85,554
NOLIMEDS Erpe-Mere€82,632-€525
NETWORK PROCES CONTROL Merksplas€93,642-€2,762
BUREXPO Meise€59,726-€11,173
MICROVOLT Sint-Jans-Molenbeek€107,688-€15,222
MICRODEVICE Leuven€59,074-€5,632
Computer Advies Team Antwerpen€78,125€1,644
Full comparison

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