SIX SYSTEMS
ActiveSummary
SIX SYSTEMS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56k and a net result of €-18k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 58% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-78
Solvency79▼-21
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 3.08 against 4.81 in 2024; short-term debt: 22.1% and cash: 17.8% of total assets), and 46.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.9%
Return on assets
-17%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
38 d early
2023
30 d early
2022
7 d early
2021
8 d late
2020
5 d late
2019
31 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
€56k▼ 23.9%
2024 · €74k
2018: €66k
2019: €54k
2020: €72k
2021: €72k
2022: €64k
2023: €67k
2024: €74k
2018 → 2025
Total assets
€104k▲ 13.0%
2024 · €92k
2018: €96k
2019: €115k
2020: €111k
2021: €106k
2022: €96k
2023: €87k
2024: €92k
2018 → 2025
Net result
€-18k
2024 · €7k
2018: €2k
2019: €-12k
2020: €19k
2021: €-833
2022: €-8k
2023: €3k
2024: €7k
2018 → 2025
Working capital
€48k▼ 31.5%
2024 · €70k
2018: €55k
2019: €40k
2020: €54k
2021: €56k
2022: €53k
2023: €61k
2024: €70k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€64k▼ 11.0%€67k▲ 5.5%€74k▲ 10.1%€56k▼ 23.9%
Operating result€-277-€-8k▼ 2,609%€4k€7k▲ 93.8%€-17k
Net result€-833-€-8k▼ 844%€3k€7k▲ 94.5%€-18k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €7k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€33k ▲ 776%
Current assets
€71k ▼ 19.7%
Equity and liabilities €104k
Equity
€56k ▼ 23.9%
Debt
€48k ▲ 162%
Debt's share of the balance-sheet total rises from 19.9% to 46.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-13k▼
2024 · €10k
Cash flow
€-14k▼
2024 · €9k
Current ratio
3.08▼
2024 · 4.81
Quick ratio
2.94▼
2024 · 4.63
Debt to equity
0.86▲
2024 · 0.25
ROE
-31.5%▼
2024 · 9.1%
ROA
-17.0%▼
2024 · 7.3%
Interest coverage
-10.35▼
2024 · 11.60
Debt ≤ 1 year
€23k▲
2024 · €18k
Debt > 1 year
€25k
Income taxes
€176▼
2024 · €224
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€92k€104k▲
Fixed assets21/28€4k€33k▲
Tangible fixed assets22/27€4k€33k▲
Land and buildings22-€919
Plant, machinery and equipment23€4k€785▼
Furniture and vehicles24-€32k
Current assets29/58€89k€71k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€53k€49k▼
Trade receivables40€50k€41k▼
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€32k€19k▼
Deferred charges and accrued income490/1€250€250=
Equity and liabilities
Total equity and liabilities10/49€92k€104k▲
Equity10/15€74k€56k▼
Contributions10/11€12k€12k=
Reserves13€58k€58k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€3k€-14k▼
Amounts payable17/49€18k€48k▲
Amounts payable after more than one year17-€25k
Financial debts170/4-€25k
Amounts payable within one year42/48€18k€23k▲
Current portion of amounts payable after more than one year42-€6k
Trade debts44€12k€9k▼
Suppliers440/4€12k€9k▼
Advances received on contracts in progress46-€10
Taxes, remuneration and social security45€553€400▼
Taxes450/3€553€400▼
Other amounts payable47/48€6k€7k▲
Accrued charges and deferred income492/3-€128
Income statement
Code20242025
Non-recurring operating income76A€14k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€492€1k▲
Non-recurring operating charges66A€358€174▼
Gross operating margin9900€11k€-12k▼
Operating profit (loss)9901€7k€-17k▼
Financial income75/76B€410€233▼
Recurring financial income75€410€233▼
Financial charges65/66B€845€1k▲
Recurring financial charges65€845€1k▲
Profit (loss) for the period before taxes9903€7k€-18k▼
Income taxes67/77€224€176▼
Profit (loss) for the period9904€7k€-18k▼
Profit (loss) for the period to be appropriated9905€7k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-14k▼
Profit (loss) brought forward from the previous period14P€-4k€3k▲
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-18k ▼362%
Net result drops to €-18k, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
05-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kortrijk · 1 establishment unit since 2005
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.
Leieweg(Mar) 538510 KortrijkGround area
905 m²
Building footprint
113 m²
Volume, LiDAR
700 m³
Parcel 34026A0134/00F003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Six Systems
since 20052.144.826.782
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026A0134/00F003 | Flanders | 905 m² | 1 · 113 m² | 9.6 m · 2 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
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STEF PAUWELS ELEKTRICITEITSWERKEN
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OVI SERVICES
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,648 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 (pre-2019)
Founded07-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
27120Manufacture of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.