Global Communication Systems

Active

Public limited companyfounded 1991active for 35 yearsRue de Champles 74, 1301 Wavre, BelgiumKBO/BCE: BE 0444.836.159

Summary

The computed 12-month bankruptcy probability of Global Communication Systems is 4.8% (elevated). For Global Communication Systems, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €574,860 and a net result of €16,191. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 38% of 6,214 sector peers (NACE 46, financial year 2023). The company has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals.

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Global Communication SystemsActive

Risk analysis Report Compare

Activity

Wholesale of information and communication equipment

NACE 46500

3 sites

Size

≈ €5.4mturnover 2023, estimated

Staff: 13.9 FTE
Equity: €574,860
Profit: €16,191

Turnover estimated from the gross margin

Financial health

Bankruptcy probabilitywithin 12 months: 4.8%

2023 figures too old to score

Structure

2024 accounts not filed, 455 days past the deadline9 deeds in the Belgian Official Gazette

Signalsraises riskFigures for financial year 2023 (filed 09-10-2024)2 financial years not filed after the legal deadline; last filed accounts filed 70 days late; 3 of the last 3 lateTwo or more financial years not filed2023 accounts filed 70 days latelowers riskFounded in 1991Size: total assets €1.8mShow the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2023 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Financial strength, FY 2023 · tick = 2022

Average

Solvency 56+2

equity 31.3% of total assets

Liquidity 37+3

short-term debt 41.0% · cash 4.8%

Profitability 52+11

return on assets 0.9%

Bankruptcy probability, 12 months

4.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,889 companies, NACE 46, micro)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024lowest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.4 percentage points vs 09-2025 11-2025: 1.2%▲ +0.1 percentage points vs 10-2025 12-2025: 1.5%▲ +0.3 percentage points vs 11-2025 01-2026: 3.5%▲ +2.0 percentage points vs 12-2025 02-2026: 3.5%● unchanged vs 01-2026 03-2026: 3.5%● unchanged vs 02-2026 04-2026: 3.2%▼ -0.3 percentage points vs 03-2026 05-2026: 3.2%● unchanged vs 04-2026 06-2026: 3.2%● unchanged vs 05-2026 07-2026: 3.2%● unchanged vs 06-2026 08-2026: 4.4%▲ +1.2 percentage points vs 07-2026 09-2026: 4.4%● unchanged vs 08-2026 10-2026: 4.8%▲ +0.4 percentage points vs 09-2026highest value

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Signals

Six signals.

lowers riskraises risk

Figures for financial year 2023 (filed 09-10-2024)

NBB · annual accounts

2 financial years not filed after the legal deadline; last filed accounts filed 70 days late; 3 of the last 3 late

NBB · filings

Founded in 1991

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: total assets €1.8m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Two or more financial years not filed

Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2024 year end31-07-2025 deadline29-10-2026 today

2023 accounts filed 70 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-10-2024, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

70 days late

2022

31 days late

2021

51 days late

2020

30 days late

2019

24 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 41 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

09-10-2024 Annual accounts filedfinancial year 2023 · full…
31-08-2023 Annual accounts filedfinancial year 2022 · full…
20-09-2022 Annual accounts filedfinancial year 2021 · full…

Key points

Risk: 2024 accounts not fileddeadline was 31-07-2025 455 days past the deadline View
Among the largest 10% on gross marginsector median €236,501 · 3,227 companies €1.3m View
Active since 1991founded 01-08-1991 35 years View

By topic

Financials

Financial year: 2023
Total assets: €1.8m
Profit: €16,191
Solvency: 31.3%

Total assets▼ 3.1%

Net result

20182023

Go to Financials

Timeline

Events: 34
Since: 1993

31-12-2021Equity above €500,000
30-08-2021Annual accounts filed
31-12-2020Back to profit

Go to Timeline

Company details

Sites: 3

Legal form: Public limited company
Activity: Wholesale of information and communication equipmentNACE 46500
Founded: 01-08-1991
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Global Communication Systems

What is the company number of Global Communication Systems?: 0444.836.159. In Belgium the VAT number is the company number with BE in front: BE 0444.836.159.
Where is Global Communication Systems based?: The registered office is at Rue de Champles 74, 1301 Wavre.Company details
What does Global Communication 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 Global Communication Systems?: Public limited company (NV).
When was Global Communication Systems founded?: On 01-08-1991.
Is Global Communication Systems still active?: Yes, Global Communication Systems is an active enterprise in the KBO register.
How many employees does Global Communication Systems have?: On average 13.9 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of Global Communication Systems?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Global Communication Systems profitable?: In financial year 2023, Global Communication Systems made a profit of €16,191.
Where can I find the annual accounts of Global Communication Systems?: Global Communication Systems filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2023.