Automatic Systems
ActiveSummary
The annual accounts of Automatic Systems for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €1.64M and a net result of €-1.99M. Equity is shrinking by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 4886 sector peers (fiscal year 2025). The company has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-3
Solvency28▼-5
Growth36▼-15
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.83 against 0.81 in 2024; short-term debt: 91.7% and cash: 0.2% of total assets), and 97.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.9%
Return on assets
-3.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 4886 sector peers (2025).
NBB · sector comparisonPosition among 4886 sector peers
Solvency
better than 9%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
26 d late
2023
30 d late
2022
21 d late
2021
10 d late
2020
on the day
2019
139 d late
← 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, full schema
Turnover
€60.30M▼ 6.9%
2024 · €64.74M
EBIT margin
-4.3%▼ 0.2pp
2024 · -4.2%
Net result
€-1.99M
2024 · €151k
Working capital
€-9.01M▼ 21.7%
2024 · €-7.41M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€47.33M▲ 0.5%€56.86M▲ 20.1%€57.50M▲ 1.1%€64.74M▲ 12.6%€60.30M▼ 6.9%
Operating result€-1.93M▼ 48.2%€1.85M€-2.58M€-2.69M▼ 4.0%€-2.60M▲ 3.4%
Net result€2.72M▲ 60.6%€2.99M▲ 9.9%€-1.56M€151k€-1.99M
EBIT margin-4.1%▼ 1.3pp3.3%▲ 7.3pp-4.5%▼ 7.7pp-4.2%▲ 0.3pp-4.3%▼ 0.2pp
Equity€6.56M▲ 12.3%€7.05M▲ 7.4%€4.48M▼ 36.3%€3.64M▼ 18.9%€1.64M▼ 54.8%
Total assets€33.18M▲ 0.8%€37.79M▲ 13.9%€47.24M▲ 25.0%€44.33M▼ 6.2%€56.24M▲ 26.9%
Debt€25.22M▲ 2.3%€29.00M▲ 15.0%€41.45M▲ 43.0%€39.33M▼ 5.1%€52.92M▲ 34.5%
Working capital€1.43M▼ 24.4%€1.35M▼ 6.0%€-4.06M€-7.41M▼ 82.5%€-9.01M▼ 21.7%
Staff (FTE)206.7▲ 1.8%209.1▲ 1.2%224.3▲ 7.3%226.3▲ 0.9%227.3▲ 0.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.60M in 2025 against €2.69M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56.24M
Fixed assets
€13.71M ▲ 7.5%
Current assets
€42.54M ▲ 34.7%
Equity and liabilities €56.24M
Equity
€1.64M ▼ 54.8%
Provisions
€1.68M ▲ 24.0%
Debt
€52.92M ▲ 34.5%
Debt's share of the balance-sheet total rises from 88.7% to 94.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.80M▲
2024 · €-2.28M
Cash flow
€-1.19M▼
2024 · €558k
Current ratio
0.83▲
2024 · 0.81
Quick ratio
0.59▲
2024 · 0.50
Debt to equity
32.22▲
2024 · 10.82
ROE
-121.4%▼
2024 · 4.2%
ROA
-3.5%▼
2024 · 0.3%
Interest coverage
-2.12▼
2024 · -2.10
Debt ≤ 1 year
€51.55M▲
2024 · €38.98M
Income taxes
€3k▼
2024 · €103k
Staff costs
€20.01M▲
2024 · €18.94M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €53.70M | €61.81M | €61.77M | €72.64M | €65.70M | ▼ 9.6% |
| Turnover70 | €47.33M | €56.86M | €57.50M | €64.74M | €60.30M | ▼ 6.9% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €1.79M | €60k | €-912k | €477k | €-1.11M | ▼ 332% |
| Own construction capitalised72 | - | €931k | €1.17M | €1.29M | €1.34M | ▲ 3.2% |
| Other operating income74 | €4.58M | €3.97M | €4.02M | €6.13M | €5.17M | ▼ 15.7% |
| Operating charges60/66A | €55.64M | €59.96M | €64.36M | €75.33M | €68.29M | ▼ 9.3% |
| Goods for resale, raw materials and consumables60 | €26.56M | €29.76M | €30.84M | €36.43M | €29.07M | ▼ 20.2% |
| Purchases600/8 | €28.32M | €31.69M | €34.28M | €32.55M | €30.19M | ▼ 7.3% |
| Change in stocks: decrease (increase)609 | €-1.76M | €-1.93M | €-3.44M | €3.88M | €-1.12M | ▼ 129% |
| Services and other goods61 | €11.71M | €13.68M | €15.53M | €19.42M | €18.09M | ▼ 6.8% |
| Remuneration, social security and pensions62 | €15.10M | €16.48M | €17.85M | €18.94M | €20.01M | ▲ 5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €521k | €410k | €370k | €407k | €800k | ▲ 96.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €954k | €-225k | €-72k | €195k | €223k | ▲ 14.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-131k | €-261k | €-191k | €-104k | €29k | ▲ 128% |
| Other operating charges640/8 | €31k | €77k | €34k | €36k | €75k | ▲ 108% |
| Non-recurring operating charges66A | €888k | €51k | - | - | - | - |
| Operating profit (loss)9901 | €-1.93M | €1.85M | €-2.58M | €-2.69M | €-2.60M | ▲ 3.4% |
| Financial income75/76B | €6.91M | €2.97M | €3.61M | €4.38M | €3.69M | ▼ 15.7% |
| Recurring financial income75 | €4.65M | €2.60M | €2.74M | €3.93M | €3.69M | ▼ 5.9% |
| Income from financial fixed assets750 | €4.49M | €2.34M | €2.41M | €3.82M | €3.56M | ▼ 6.8% |
| Income from current assets751 | €13k | €35k | €201k | €25k | €13k | ▼ 48.6% |
| Other financial income752/9 | €152k | €228k | €125k | €84k | €123k | ▲ 46.9% |
| Non-recurring financial income76B | €2.26M | €367k | €877k | €456k | - | - |
| Financial charges65/66B | €2.24M | €1.80M | €2.49M | €1.44M | €3.09M | ▲ 114% |
| Recurring financial charges65 | €285k | €517k | €960k | €1.28M | €1.33M | ▲ 3.5% |
| Debt charges650 | €61k | €149k | €691k | €1.08M | €848k | ▼ 21.8% |
| Other financial charges652/9 | €224k | €367k | €269k | €200k | €480k | ▲ 140% |
| Non-recurring financial charges66B | €1.96M | €1.29M | €1.53M | €157k | €1.76M | ▲ 1,020% |
| Profit (loss) for the period before taxes9903 | €2.73M | €3.01M | €-1.46M | €254k | €-1.99M | ▼ 882% |
| Income taxes67/77 | €15k | €26k | €103k | €103k | €3k | ▼ 96.8% |
| Taxes670/3 | €15k | €26k | €103k | €103k | €3k | ▼ 96.8% |
| Profit (loss) for the period9904 | €2.72M | €2.99M | €-1.56M | €151k | €-1.99M | ▼ 1,419% |
| Profit (loss) for the period to be appropriated9905 | €2.72M | €2.99M | €-1.56M | €151k | €-1.99M | ▼ 1,419% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33.18M | €37.79M | €47.24M | €44.33M | €56.24M | ▲ 26.9% |
| Fixed assets21/28 | €6.78M | €7.69M | €10.52M | €12.75M | €13.71M | ▲ 7.5% |
| Intangible fixed assets21 | €803k | €2.36M | €3.58M | €5.73M | €8.14M | ▲ 42.0% |
| Tangible fixed assets22/27 | €2.21M | €2.21M | €1.95M | €1.79M | €1.73M | ▼ 3.0% |
| Land and buildings22 | €1.32M | €1.41M | €1.36M | €1.31M | €1.26M | ▼ 3.8% |
| Plant, machinery and equipment23 | €287k | €246k | €183k | €158k | €108k | ▼ 31.6% |
| Furniture and vehicles24 | €485k | €440k | €281k | €222k | €243k | ▲ 9.3% |
| Other tangible fixed assets26 | €124k | €116k | €124k | €96k | €122k | ▲ 26.7% |
| Financial fixed assets28 | €3.76M | €3.12M | €4.99M | €5.23M | €3.84M | ▼ 26.7% |
| Affiliated companies280/1 | €3.70M | €3.03M | €4.88M | €5.12M | €3.71M | ▼ 27.4% |
| Participating interests280 | €3.70M | €3.03M | €4.88M | €5.12M | €3.71M | ▼ 27.4% |
| Other financial fixed assets284/8 | €60k | €89k | €105k | €118k | €124k | ▲ 4.8% |
| Amounts receivable and cash guarantees285/8 | €60k | €89k | €105k | €118k | €124k | ▲ 4.8% |
| Current assets29/58 | €26.40M | €30.10M | €36.72M | €31.58M | €42.54M | ▲ 34.7% |
| Stocks and contracts in progress3 | €11.04M | €13.20M | €15.78M | €12.18M | €12.02M | ▼ 1.3% |
| Stocks30/36 | €7.56M | €10.03M | €13.39M | €9.17M | €11.49M | ▲ 25.3% |
| Raw materials and consumables30/31 | €7.36M | €9.47M | €12.96M | €8.88M | €9.64M | ▲ 8.5% |
| Finished goods33 | €198k | €562k | €430k | €292k | €1.85M | ▲ 534% |
| Contracts in progress37 | €3.47M | €3.17M | €2.39M | €3.00M | €531k | ▼ 82.3% |
| Amounts receivable within one year40/41 | €14.60M | €15.40M | €19.60M | €18.25M | €30.04M | ▲ 64.6% |
| Trade receivables40 | €11.92M | €11.44M | €15.92M | €13.55M | €24.43M | ▲ 80.2% |
| Other amounts receivable41 | €2.68M | €3.96M | €3.68M | €4.69M | €5.60M | ▲ 19.4% |
| Cash at bank and in hand54/58 | €537k | €1.00M | €1.10M | €752k | €107k | ▼ 85.8% |
| Deferred charges and accrued income490/1 | €224k | €494k | €242k | €399k | €372k | ▼ 6.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33.18M | €37.79M | €47.24M | €44.33M | €56.24M | ▲ 26.9% |
| Equity10/15 | €6.56M | €7.05M | €4.48M | €3.64M | €1.64M | ▼ 54.8% |
| Contributions10/11 | €1.00M | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Capital10 | €1.00M | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Issued capital100 | €1.00M | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Revaluation surpluses12 | €769k | €769k | €769k | €769k | €769k | = |
| Reserves13 | €175k | €175k | €175k | €175k | €175k | = |
| Non-distributable reserves130/1 | €135k | €135k | €135k | €135k | €135k | = |
| Legal reserve130 | €135k | €135k | €135k | €135k | €135k | = |
| Tax-exempt reserves132 | €28k | €28k | €28k | €28k | €28k | = |
| Distributable reserves133 | €12k | €12k | €12k | €12k | €12k | = |
| Profit (loss) carried forward14 | €4.61M | €5.10M | €2.54M | €1.69M | €-301k | ▼ 118% |
| Provisions and deferred taxes16 | €1.40M | €1.75M | €1.30M | €1.36M | €1.68M | ▲ 24.0% |
| Provisions for liabilities and charges160/5 | €1.40M | €1.75M | €1.30M | €1.36M | €1.68M | ▲ 24.0% |
| Other liabilities and charges164/5 | €1.40M | €1.75M | €1.30M | €1.36M | €1.68M | ▲ 24.0% |
| Amounts payable17/49 | €25.22M | €29.00M | €41.45M | €39.33M | €52.92M | ▲ 34.5% |
| Amounts payable within one year42/48 | €24.96M | €28.75M | €40.77M | €38.98M | €51.55M | ▲ 32.2% |
| Financial debts43 | €3.67M | €2.86M | €2.86M | €2.86M | €4.45M | ▲ 55.6% |
| Credit institutions430/8 | €3.67M | €2.86M | €2.86M | €2.86M | €4.45M | ▲ 55.6% |
| Trade debts44 | €12.37M | €10.75M | €13.42M | €10.23M | €12.83M | ▲ 25.4% |
| Suppliers440/4 | €12.37M | €10.75M | €13.42M | €10.23M | €12.83M | ▲ 25.4% |
| Advances received on contracts in progress46 | €616k | €885k | €766k | €727k | €1.09M | ▲ 50.1% |
| Taxes, remuneration and social security45 | €3.19M | €3.63M | €3.85M | €3.79M | €3.88M | ▲ 2.5% |
| Taxes450/3 | €445k | €514k | €648k | €553k | €463k | ▼ 16.2% |
| Remuneration and social security454/9 | €2.74M | €3.11M | €3.20M | €3.23M | €3.42M | ▲ 5.8% |
| Other amounts payable47/48 | €5.12M | €10.63M | €19.89M | €21.38M | €29.30M | ▲ 37.0% |
| Accrued charges and deferred income492/3 | €258k | €246k | €676k | €352k | €1.37M | ▲ 290% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.72M | €2.99M | €-1.56M | €151k | €-1.99M | ▼ 1,419% |
| + Depreciation and write-downs630 | €521k | €410k | €370k | €407k | €800k | ▲ 96.7% |
| Operating cash flow (approximation) | €3.24M | €3.40M | €-1.19M | €558k | €-1.19M | ▼ 314% |
| Investment in fixed assets (approximation) | - | €-1.32M | €-3.20M | €-2.64M | €-1.76M | ▲ 33.4% |
| Change in cash | - | €463k | €98k | €-346k | €-645k | ▼ 86.4% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €-1.99M
Net result drops to €-1.99M, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
31-12
Financial
Back to profitnet €151k
Net result €151k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 10 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 139 days late
2019
31-12
Financial
Highest result since 2018net €4.85M ▲405%
Net result €4.85M, the highest in the series.
31-12
Financial
Equity above €5MEq €5.65M ▲71.1%
2 profitable years in a row build equity to €5.65M.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 26 acts read
About the unread acts
We know of 26 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
26 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, Wavre · 2 establishment units since 1976
Ground area
2.5 ha
Building footprint
1.1 ha
Volume, LiDAR
74,381 m³
2 parcels, Flanders, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Avenue Mercator 5, 1300 Wavre
since 19762.011.849.086
Prins Boudewijnlaan 17, 2550 Kontich
since 19842.011.848.987
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0072/00X000 | Flanders | 1.5 ha | 1 · 6,627 m² | 7.8 m · 2 fl. |
| 25112B0112/00_000 | Wallonia | 1.0 ha | 1 · 4,275 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
4 categoriesAutomatic Systems SA12390
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 661 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-06-1969
Fiscal year end31-12
Activities, NACEBEL 2025
27900Manufacture of electrical equipment
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.