L.K. SYSTEMS
ActiveSummary
L.K. SYSTEMS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €284k and a net result of €7k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+3
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
short-term debt: 0% and cash: 61% of total assets, and 0.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
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
99.6%
Return on assets
2.4%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
8 d early
2022
7 d late
2021
20 d early
2020
16 d early
2019
78 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€284k▲ 2.5%
2024 · €278k
2018: €171k
2019: €165k
2020: €155k
2021: €150k
2022: €276k
2023: €276k
2024: €278k
2018 → 2025
Total assets
€286k▲ 1.8%
2024 · €280k
2018: €242k
2019: €231k
2020: €211k
2021: €206k
2022: €280k
2023: €278k
2024: €280k
2018 → 2025
Net result
€7k▲ 419%
2024 · €1k
2018: €-8k
2019: €-6k
2020: €-9k
2021: €-6k
2022: €126k
2023: €731
2024: €1k
2018 → 2025
Working capital
€177k▲ 8.4%
2024 · €163k
2018: €-37k
2019: €-29k
2020: €-23k
2021: €21k
2022: €156k
2023: €158k
2024: €163k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€276k▲ 84.1%€276k▲ 0.3%€278k▲ 0.5%€284k▲ 2.5%
Operating result€-5k-€139k€1k▼ 99.2%€2k▲ 60.2%€6k▲ 238%
Net result€-6k-€126k€731▼ 99.4%€1k▲ 80.0%€7k▲ 419%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 238% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €286k
Fixed assets
€109k ▼ 6.0%
Current assets
€177k ▲ 7.3%
Equity and liabilities €286k
Equity
€284k ▲ 2.5%
Debt
€1k ▼ 60.0%
Debt's share of the balance-sheet total falls from 1.0% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €10k
Cash flow
€14k▲
2024 · €10k
Debt to equity
0.00▼
2024 · 0.01
ROE
2.4%▲
2024 · 0.5%
ROA
2.4%▲
2024 · 0.5%
Interest coverage
39.18▼
2024 · 39.51
Debt ≤ 1 year
€110▼
2024 · €2k
Debt > 1 year
€1k=
2024 · €1k
Income taxes
€2k▲
2024 · €800
A ratio outside any meaningful range has been withheld (balance sheet total €286k, equity €284k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€280k€286k▲
Fixed assets21/28€116k€109k▼
Tangible fixed assets22/27€116k€109k▼
Land and buildings22€116k€109k▼
Current assets29/58€165k€177k▲
Amounts receivable within one year40/41€1k€2k▲
Other amounts receivable41€1k€2k▲
Current investments50/53€120k€0▼
Cash at bank and in hand54/58€43k€174k▲
Deferred charges and accrued income490/1-€632
Equity and liabilities
Total equity and liabilities10/49€280k€286k▲
Equity10/15€278k€284k▲
Contributions10/11€241k€241k=
Reserves13€36k€43k▲
Distributable reserves133€36k€43k▲
Amounts payable17/49€3k€1k▼
Amounts payable after more than one year17€1k€1k=
Other amounts payable178/9€1k€1k=
Amounts payable within one year42/48€2k€110▼
Trade debts44€974€69▼
Suppliers440/4€974€69▼
Taxes, remuneration and social security45€803€41▼
Taxes450/3€803€41▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€16k€19k▲
Operating profit (loss)9901€2k€6k▲
Financial income75/76B€636€3k▲
Recurring financial income75€636€3k▲
Financial charges65/66B€251€326▲
Recurring financial charges65€251€326▲
Profit (loss) for the period before taxes9903€2k€9k▲
Income taxes67/77€800€2k▲
Profit (loss) for the period9904€1k€7k▲
Profit (loss) for the period to be appropriated9905€1k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€7k▲
Transfer to equity691/2€1k€7k▲
To other reserves6921€1k€7k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Liquidity times 17current ratio 1605.15
Current ratio from 92.75 to 1605.15; short-term debt falls from €2k to €110.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 209.84
Current ratio from 46.85 to 209.84; short-term debt falls from €3k to €756.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
31-12
Financial
Back to profitnet €126k
Net result €126k after 4 loss-making years.
31-12
Financial
Liquidity times 5current ratio 46.85
Current ratio from 8.70 to 46.85.
31-12
Financial
Equity above €200kEq €276k ▲84.1%
Equity rises from €150k to €276k.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 15current ratio 8.70
Current ratio from 0.58 to 8.70; short-term debt falls from €55k to €3k.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Londerzeel · 1 establishment unit since 1993
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Maldersesteenweg 211840 LonderzeelGround area
919 m²
Building footprint
143 m²
Volume, LiDAR
606 m³
Parcel 23045B0054/00G000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Maldersesteenweg 21, 1840 Londerzeel
since 19932.063.341.933
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045B0054/00G000 | Flanders | 919 m² | 1 · 143 m² | 8.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
B.W. FIX
BE 0428.410.693
Brussel · Eq €284,280
S.K.S
BE 0888.133.879
Antwerpen · Eq €284,790
The Packaging Group
BE 0865.894.353
Ranst · Eq €285,327
BEXEM
BE 0658.940.004
Rotselaar · Eq €283,467
POLYPAK EUROPE
BE 0474.451.645
Tremelo · Eq €286,014
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 673 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46900Non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.