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iSystems

Active
Public limited companyfounded 2004active for 22 yearsKernenergiestraat 19, 2610 Antwerpen, Belgium320 active companies are registered at this addressKBO/BCE: BE 0864.856.057
Summary

iSystems has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €317,703 and a net result of €10,254. Equity is shrinking by about 7.5% per year across the filed financial years. Its solvency ranks better than 39% of 135 sector peers (NACE 26, financial year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

Activity
Manufacture of computer, electronic and optical products
NACE 26510
1 site
Size
€905,158total assets 2024
Equity
€317,703
Profit
€10,254
Turnover not published (abbreviated format)
Financial health
55 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
0.9%
Structure
Accounts 81 days overdue0 of 10 deeds read
Why 55raises riskCapped at 59: a confirmed filing finding1 financial year not filed after the legal deadline; latest accounts 149 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 27-12-2025)Liquidity: current ratio 4.22, cash €18,280lowers riskFounded in 2004Show the evidence

Checked score

Score 2024
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 38% of its sector peers (NACE 26, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 60=
equity 35.1% of total assets
Liquidity 47=
short-term debt 18.3% · cash 2.0%
Profitability 33+33
return on assets 1.1%
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (446 companies, NACE 26, micro)
Last 24 months 11-2024: 2.2% 12-2024: 2.5%▲ +0.3 percentage points vs 11-2024 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.6%▲ +0.1 percentage points vs 02-2025 04-2025: 2.5%▼ -0.1 percentage points vs 03-2025 05-2025: 2.2%▼ -0.3 percentage points vs 04-2025 06-2025: 2.2%● unchanged vs 05-2025 07-2025: 2.3%▲ +0.1 percentage points vs 06-2025 08-2025: 2.5%▲ +0.2 percentage points vs 07-2025 09-2025: 2.7%▲ +0.2 percentage points vs 08-2025 10-2025: 3.3%▲ +0.6 percentage points vs 09-2025highest value 11-2025: 1.6%▼ -1.7 percentage points vs 10-2025 12-2025: 2.0%▲ +0.4 percentage points vs 11-2025 01-2026: 0.4%▼ -1.6 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026lowest value 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.3 percentage points vs 07-2026 09-2026: 0.7%● unchanged vs 08-2026 10-2026: 0.9%▲ +0.2 percentage points vs 09-2026
Credit of up to €17,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 4.22, compared with 3.97 in 2023, above the usual 1.5; short-term debt: 18.3% and cash: 2% of total assets), but 64.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 26, micro): better than 37% on solvency, 33% on liquidity, 31% on profitability and 53% on growth.

The bankruptcy probability was computed on 19-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 149 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 27-12-2025)
NBB · annual accounts
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 4.22, cash €18,280
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 81 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline20-10-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-12-2025, 149 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
149 days late
2023
104 days late
2022
116 days late
2021
59 days late
2020
111 days late
2018
82 days 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 104 days after the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Back to profitnet €10,254
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Positive: Back in profit in 2024after -€262,757 in 2023 €10,254 View
  • Caution: Accounts not fileddeadline was 31-07-2026 81 days late View
  • Total assets 20246 financial years filed €905,158 View

By topic

Financials

Financial year
2024
Total assets
€905,158
Profit
€10,254
Solvency
35.1%
Total assets▲ 2.1%
Net result
20182024
Go to Financials

Timeline

Events
24
Since
2005
  1. 31-12-2023Weakest financial year
  2. 24-11-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of computer, electronic and optical productsNACE 26510
Founded
21-04-2004
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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