NCS Systems

Active

Public limited companyfounded 200125 yrs activeRomeynsweel 7, 2030 Antwerpen, BelgiumKBO/BCE: BE 0473.783.236

Summary

NCS Systems has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.59M and a net result of €-233k. Equity is growing by ~13.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2026

63 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability9▼-56

Solvency86▼-3

Growth50▲+2

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €100k at 30 days acceptable

Liquidity ample (current ratio 2.47 against 2.81 in 2024; short-term debt: 37.9% and cash: 4.9% of total assets), and 39.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 26

Relative position

BE, all sectors

reference

Sector 26

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2026

Solvency, return and age of the figures

Solvency

60.6%

Return on assets

-8.9%

Age of the figures

6 mo

Latest accounts filed on time

The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 08-09-2026, 53 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2026

53 d early

2024

77 d early

2023

77 d early

2022

77 d early

2021

76 d early

2020

74 d early

2019

77 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2026, full schema

Turnover

€5.23M▲ 13.0%

2024 · €4.63M

2018: €4.11M 2019: €4.06M 2020: €3.86M 2021: €4.62M 2022: €5.69M 2023: €5.82M 2024: €4.63M

2018 → 2026

EBIT margin

-2.9%▼ 8.0pp

2024 · 5.1%

2018: 10.9% 2019: 8.8% 2020: 11.9% 2021: 10.8% 2022: 9.5% 2023: 5.9% 2024: 5.1%

2018 → 2026

Net result

€-233k

2024 · €171k

2018: €288k 2019: €229k 2020: €319k 2021: €346k 2022: €373k 2023: €239k 2024: €171k

2018 → 2026

Working capital

€1.46M▼ 18.6%

2024 · €1.79M

2018: €806k 2019: €915k 2020: €973k 2021: €1.32M 2022: €1.63M 2023: €1.85M 2024: €1.79M

2018 → 2026

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242026Trend

Turnover€4.62M-€5.69M▲ 23.1%€5.82M▲ 2.4%€4.63M▼ 20.5%€5.23M▲ 13.0%

Equity€1.29M-€1.66M▲ 29.0%€1.80M▲ 8.4%€1.82M▲ 1.2%€1.59M▼ 12.8%

Operating result€499k-€542k▲ 8.5%€345k▼ 36.3%€234k▼ 32.1%€-153k

Net result€346k-€373k▲ 7.7%€239k▼ 35.8%€171k▼ 28.5%€-233k

Result per fiscal year

Operating resultNet result

The operating result is €-153k in 2026, compared with €234k in 2024. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2026 in colour, 2024 as the grey bar beneath

Assets €2.62M

93.4%

Fixed assets €173k ▲ 146%

Current assets €2.45M ▼ 11.8%

Equity and liabilities €2.62M

60.6%

39.3%

Equity €1.59M ▼ 12.8%

Provisions €3k ▼ 83.0%

Debt €1.03M ▲ 2.3%

Debt's share of the balance-sheet total rises from 35.4% to 39.3%. Equity is lower and debt is higher.

Key figures and ratios

2026 value · change against 2024

EBITDA

€-109k▼

2024 · €255k

Cash flow

€-189k▼

2024 · €192k

Current ratio

2.47▼

2024 · 2.81

Quick ratio

1.28▼

2024 · 1.45

Debt to equity

0.65▲

2024 · 0.55

ROE

-14.7%▼

2024 · 9.4%

ROA

-8.9%▼

2024 · 6.0%

Interest coverage

-10.43▼

2024 · 45.31

Debt ≤ 1 year

€993k▲

2024 · €987k

Income taxes

€17k▼

2024 · €44k

Staff costs

€861k▲

2024 · €597k

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 · 2026 against 2024 · 82 lines

Balance sheet Code20242026

Assets

Total assets20/58€2.85M€2.62M▼

Fixed assets21/28€70k€173k▲

Intangible fixed assets21€33k€64k▲

Tangible fixed assets22/27€37k€88k▲

Furniture and vehicles24€28k€33k▲

Other tangible fixed assets26€10k€55k▲

Financial fixed assets28€48€21k▲

Other financial fixed assets284/8€48€21k▲

Amounts receivable and cash guarantees285/8€48€21k▲

Current assets29/58€2.78M€2.45M▼

Stocks and contracts in progress3€1.35M€1.17M▼

Stocks30/36€1.35M€1.17M▼

Goods purchased for resale34€1.23M€1.16M▼

Advance payments36€116k€18k▼

Amounts receivable within one year40/41€735k€1.07M▲

Trade receivables40€722k€1.06M▲

Other amounts receivable41€13k€10k▼

Cash at bank and in hand54/58€653k€128k▼

Deferred charges and accrued income490/1€41k€82k▲

Equity and liabilities

Total equity and liabilities10/49€2.85M€2.62M▼

Equity10/15€1.82M€1.59M▼

Contributions10/11€62k€62k=

Capital10€62k€62k=

Issued capital100€62k€62k=

Reserves13€1.76M€1.76M=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k-

Reserves not available under the articles1311-€6k

Distributable reserves133€1.75M€1.75M=

Profit (loss) carried forward14-€-233k

Provisions and deferred taxes16€18k€3k▼

Provisions for liabilities and charges160/5€18k€3k▼

Pensions and similar obligations160€3k€3k▲

Other liabilities and charges164/5€15k-

Amounts payable17/49€1.01M€1.03M▲

Amounts payable within one year42/48€987k€993k▲

Financial debts43-€265k

Other loans439-€265k

Trade debts44€641k€501k▼

Suppliers440/4€641k€501k▼

Advances received on contracts in progress46€122k€99k▼

Taxes, remuneration and social security45€74k€128k▲

Taxes450/3€13k€49k▲

Remuneration and social security454/9€61k€79k▲

Other amounts payable47/48€150k-

Accrued charges and deferred income492/3€22k€38k▲

Income statement Code20242026

Operating income70/76A€4.77M€5.30M▲

Turnover70€4.63M€5.23M▲

Other operating income74€137k€74k▼

Non-recurring operating income76A€4k-

Operating charges60/66A€4.53M€5.46M▲

Goods for resale, raw materials and consumables60€2.89M€3.30M▲

Purchases600/8€3.01M€3.27M▲

Change in stocks: decrease (increase)609€-122k€31k▲

Services and other goods61€995k€1.18M▲

Remuneration, social security and pensions62€597k€861k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€44k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k€48k▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€3k€441▼

Other operating charges640/8€6k€13k▲

Non-recurring operating charges66A€15k€7k▼

Operating profit (loss)9901€234k€-153k▼

Financial income75/76B€17k€91k▲

Recurring financial income75€17k€91k▲

Other financial income752/9€17k€91k▲

Financial charges65/66B€37k€154k▲

Recurring financial charges65€37k€154k▲

Debt charges650€6k€10k▲

Other financial charges652/9€31k€144k▲

Profit (loss) for the period before taxes9903€215k€-216k▼

Income taxes67/77€44k€17k▼

Taxes670/3€45k€17k▼

Tax adjustments and reversals of tax provisions77€1k-

Profit (loss) for the period9904€171k€-233k▼

Profit (loss) for the period to be appropriated9905€171k€-233k▼

Appropriation of the result

Profit (loss) to be appropriated9906€171k€-233k▼

Profit (loss) brought forward from the previous period14P€0-

Transfer to equity691/2€21k-

To the legal reserve6920€21k-

Profit to be distributed694/7€150k-

Return on contributions (dividend)694€150k-

Social balance

Average headcount (FTE)90878.88.8=

The notes to these accounts (47 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Timeline · acts, filings and financial milestones

All 37Financial 4Gazette 23Filings 10

2026

08-09

NBB filing Annual accounts filed

fiscal year 2026 · full schema

19-06

State Gazette act Algemene Vergadering

Statutes amendment · Power of attorney3 facts ▸

General meeting, 15-06-2026
Statutes amendment
Power of attorney, Factum Fiscalis

31-03

Financial Weakest financial yearnet €-233k

Net result drops to €-233k, the lowest in the series.

02-01

State Gazette act Boekjaar

Statutes amendment · Power of attorney3 facts ▸

General meeting, 29-12-2025
Statutes amendment
Power of attorney, Factum Fiscalis

2025

30-05

State Gazette act Reappointment: Moore Audit BV (statutory auditor)

Mandate compensation3 facts ▸

General meeting, 13-05-2025
Auditor reappointment, Moore Audit BV
Mandate compensation, Moore Audit BV

15-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

15-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

15-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Highest result since 2018net €373k ▲7.7%

Operating result €542k, net result €373k, both a record.

29-12

State Gazette act Resignation: VAN CALSTER Dave (director)

Appointments: GROUP NCS, VAN CALSTER Dave and VAN AERT Yves · Name change · Statutes amendment11 facts ▸

General meeting, 27-12-2022
Name change, NCS Systems
Statutes amendment
Capital, €62.000
Director resignation, VAN CALSTER Dave (director)
Director appointment, GROUP NCS (sole director)
Mandate compensation, GROUP NCS
Director appointment, VAN CALSTER Dave (afgevaardigde tot het dagelijks bestuur)
Director appointment, VAN AERT Yves (afgevaardigde tot het dagelijks bestuur)
Mandate compensation, VAN CALSTER Dave
Mandate compensation, VAN AERT Yves

25-11

State Gazette act Reappointment: C. Rombaut Bedrijfsrevisoren Burg. BV - CRB BV (statutory auditor)

Mandate compensation3 facts ▸

General meeting, 26-10-2022
Auditor reappointment, C. Rombaut Bedrijfsrevisoren Burg. BV - CRB BV (statutory auditor)
Mandate compensation, C. Rombaut Bedrijfsrevisoren Burg. BV - CRB BV

27-09

State Gazette act Resignations: Ernst Nijkerk (director) and Richard Nijkerk (director and managing director)

Appointment: GROUP NCS SAS (director and managing director) · Permanent representative: Stéphane Roger · Director discharge8 facts ▸

General meeting, 21-07-2022
Board meeting, 21-07-2022
Director resignation, Ernst Nijkerk (director)
Director discharge, Ernst Nijkerk
Director resignation, Richard Nijkerk (director and managing director)
Director discharge, Richard Nijkerk
Director appointment, GROUP NCS SAS (director and managing director)
Permanent representative, Stéphane Roger

Show earlier events

16-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

31-12

Financial Liquidity triplescurrent ratio 7.87

Current ratio from 3.05 to 7.87; short-term debt falls from €475k to €192k.

31-12

Financial Equity above €1MEq €1.29M ▲36.8%

4 profitable years in a row build equity to €1.29M.

18-05

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

08-06

State Gazette act Permanent representative: Olaf Janssen

2 facts ▸

General meeting, 12-05-2020
Permanent representative, Olaf Janssen

15-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

04-06

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)

2 facts ▸

General meeting, 14-05-2019
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA

21-05

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

14-09

State Gazette act Reappointments: Richard Nijkerk, Ernst Nijkerk and Dave Van Calster

Mandate compensation6 facts ▸

Director reappointment, Richard Nijkerk (managing director)
Mandate compensation, Richard Nijkerk
Director reappointment, Ernst Nijkerk (director)
Director reappointment, Dave Van Calster (director)
Mandate compensation, Ernst Nijkerk
Mandate compensation, Dave Van Calster

03-08

State Gazette act Permanent representatives: Koen Claesen and Stefan Olivier

3 facts ▸

Board meeting, 15-05-2018
Permanent representative, Koen Claesen
Permanent representative, Stefan Olivier

12-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

15-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

10-06

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)

Permanent representative: Stefan Olivier3 facts ▸

General meeting, 10-05-2016
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
Permanent representative, Stefan Olivier

10-03

State Gazette act Resignations & appointments

Mandate compensation2 facts ▸

General meeting, 26-02-2016
Mandate compensation, Dave Var Calster

2015

28-09

State Gazette act Capital & shares

Capital decrease · Share cancellation · Capital7 facts ▸

General meeting, 31-08-2015
Capital decrease, €750.000
Share cancellation, 30241
Capital, €62.000
Statutes amendment
Capital decrease repayment, 260332, EUR
Board authorisation, authorization to carry out repayment from capital decrease, subject to two-month period under article 613 WVV and absence of creditor objections

17-07

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 18-05-2015
Registered-office move, Romeynsweel 7, 2030 Antwerpen

19-06

State Gazette act Permanent representatives: Stefan Olivier and Stefan Olivier BVBA

Appointment: Ernst & Young bedrijfsrevisoren BCVBA (director) · Resignation: Ronald Van den Ecker (director)5 facts ▸

Board meeting, 14-04-2015
Permanent representative, Stefan Olivier
Director appointment, Ernst & Young bedrijfsrevisoren BCVBA
Director resignation, Ronald Van den Ecker
Permanent representative, Stefan Olivier BVBA

2014

30-01

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)

2 facts ▸

General meeting, 14-05-2013
Auditor reappointment, Ernst & Young Bedrijfsrevisoren

2013

31-10

State Gazette act Appointment: Dave Van Calster (director)

Mandate compensation3 facts ▸

General meeting, 19-03-2013
Director appointment, Dave Van Calster (director)
Mandate compensation, Dave Van Calster

31-10

State Gazette act Reappointments: Richard Nijkerk (director) and Ernst Nijkerk (director)

Resignation: TAKEVAL BVBA (director) · Permanent representative: Michel Hantson7 facts ▸

General meeting, 21-12-2012
Director reappointment, Richard Nijkerk (director)
Director reappointment, Ernst Nijkerk (director)
Director resignation, TAKEVAL BVBA (director)
Permanent representative, Michel Hantson
Board meeting, 24-12-2012
Director resignation, TAKEVAL BVBA (dagelijks bestuurder / managing director)

24-10

State Gazette act Resignation: Michel Hantson (director)

Appointment: TAKEVAL (director) · Permanent representative: Michel Hantson6 facts ▸

General meeting, 25-06-2013
Director resignation, Michel Hantson (director)
Director appointment, TAKEVAL (director)
Permanent representative, Michel Hantson
Board meeting, 25-06-2013
Director appointment, TAKEVAL (day-to-day manager)

2010

07-10

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren BVC (statutory auditor)

2 facts ▸

General meeting, 11-05-2010
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BVC

14-01

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital4 facts ▸

General meeting, 28-12-2009
Capital increase, €350.000
Capital, €812.000
Statutes amendment

2007

24-12

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren B C.V. (statutory auditor)

2 facts ▸

General meeting, 25-07-2007
Auditor reappointment, Ernst & Young Bedrijfsrevisoren B C.V.

05-01

State Gazette act Resignations: A.F. Nijkerk (director) and Nijkerk Holding (director)

Appointments: R.R. Nijkerk (director) and E.A. Nijkerk (director) · Mandate compensation8 facts ▸

General meeting, 09-11-2006
Director resignation, A.F. Nijkerk (director)
Director resignation, Nijkerk Holding (director)
Director appointment, R.R. Nijkerk (director)
Director appointment, E.A. Nijkerk (director)
Director appointment, R.R. Nijkerk (managing director)
Mandate compensation, R.R. Nijkerk
Mandate compensation, E.A. Nijkerk

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

23 of 23 acts read

Directors · office · real estate

Directors

8 directors, no change since 2022

Dave Van Calster

Afgevaardigde tot het dagelijks bestuur · since 27-12-2022

Current

GROUP NCS

Sole director · since 27-12-2022 · Legal entity

Current

VAN AERT Yves

Afgevaardigde tot het dagelijks bestuur · since 27-12-2022

Current

GROUP NCS SAS

Director and managing director · since 21-07-2022 · Legal entity · perm. rep.: Stéphane Roger

Current

Ernst & Young Bedrijfsrevisoren BCVBA

Director · since 09-06-2015 · Legal entity

Not recently confirmed

TAKEVAL

Director · since 01-12-2011 · Private limited company · perm. rep.: Michel Hantson

Not recently confirmed

2 other directors

E.A. Nijkerk

Director · since 09-11-2006

Not recently confirmed

R.R. Nijkerk

Director · since 09-11-2006

Not recently confirmed

27-12-2022 Dave Van Calster: Resigned as Director

27-12-2022 Dave Van Calster: Appointed as Afgevaardigde tot het dagelijks bestuur

27-12-2022 GROUP NCS: Appointed as Sole director

27-12-2022 VAN AERT Yves: Appointed as Afgevaardigde tot het dagelijks bestuur

21-07-2022 GROUP NCS SAS: Appointed as Director and managing director

Full history in the Timeline (23 changes) →

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2001

seat establishment The establishment unit on the map

Ground area

5.5 ha

Building footprint

5,388 m²

Volume, LiDAR

50,247 m³

Parcel 11815D0271/07S000, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.

7 companies at this address See who is registered here

1 establishment unit

NCS SYSTEMS

Romeynsweel 7, 2030 AntwerpenAir transport

since 20012.116.359.460

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11815D0271/07S000	Flanders	5.5 ha	1 · 5,388 m²	10.4 m · 3 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.

Statutory auditor

1 auditor

Moore AuditCurrent

Auditor

13-05-2025 → present

Show 2 earlier auditors

Ernst & Young Bedrijfsrevisoren BCVBA Auditor succeeded by Ernst & Young Bedrijfsrevisoren BVC in 2010	25-07-2007 → 11-05-2010
Ernst & Young Bedrijfsrevisoren BVC Auditor succeeded by Moore Audit in 2025	11-05-2010 → 13-05-2025

Articles of association

Purpose

De handel in, fabricage van en systeem integratie van computersystemen en aanverwante producten ten behoeve van meet- en regelapparatuur, besturingssystemen, machinesturingen…

Full purpose

De handel in, fabricage van en systeem integratie van computersystemen en aanverwante producten ten behoeve van meet- en regelapparatuur, besturingssystemen, machinesturingen, telecommunicatie, POS, automatisering en andere toepassingsgebieden waar deze producten kunnen worden gebruikt; voorts het deelnemen in andere ondernemingen en al hetgeen met het voorwerp der vennootschap in verband staat of daarvoor bevorderlijk kan zijn, alles in de meest uitgebreide zin van het woord.

according to the deed of 29-12-2022

Structure & network

Capital and shareholders

Capital over the years

29-12-2022 Capital stated in the act · 62,000 EUR · 2,500 shares
28-09-2015 Capital reduction of 750,000 EUR · to 62,000 EUR
14-01-2010 Capital increase of 350,000 EUR · to 812,000 EUR · 14,112 new shares · in kind

Public money · subsidies and aid

Flemish government

2023 to 2025 · 4 entries · 100,943 EUR awarded · 80,329 EUR paid

Year	Entries	awarded	paid
2025	2	0 EUR	40,000 EUR
2023	2	100,943 EUR	40,329 EUR

Schemes

Strategisch onderzoekscentrum ICON project (SOC-ICON)

3 entries · 100,614 EUR · 80,000 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 329 EUR · 329 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

EFI BELGIUM

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SOCIETE LIEGEOISE DE MICRO - INFORMATIQUE

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COEXPAIR DYNAMICS

BE 0729.643.896

Namur · Eq €2.07M

Of 147 companies in sector 26200 we hold annual accounts for 85. 39 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 formPublic limited company

Founded10-01-2001

Fiscal year end31-03

Abbreviation NL NCS

Activities, NACEBEL 2025

26200Manufacture of computer, electronic and optical products

46500Wholesale of information and communication equipment

Sources

Crossroads Bank for EnterprisesBelgian Official Gazette · 23 actsNational Bank · 25 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:accounting.be@ncs-systems.eu

Establishment Antwerpen 2.116.359.460

Phone:03/544 48 77

Establishment Antwerpen 2.116.359.460