System-Inox
ActiveSystem-Inox has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €283k and a net result of €15k. Equity is growing by ~34.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▲+20
Solvency42▲+14
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.54 in 2024), and 70.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
29.1%
Return on assets
1.5%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 9 filingsDeviation from the deadline
2025
21 d late
2024
1 d early
2023
37 d early
2022
30 d late
2021
33 d early
2020
60 d early
2019
11 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€365k
EBIT margin
-9.0%
Net result
€15k▲ 351%
2024 · €3k
2018: €-49k
2019: €-1k
2020: €1k
2021: €47k
2022: €-10k
2023: €5k
2024: €3k
2018 → 2025
Working capital
€-15k▲ 72.4%
2024 · €-54k
2018: €-159k
2019: €-163k
2020: €-223k
2021: €-386k
2022: €-232k
2023: €-106k
2024: €-54k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€172k-€162k▼ 5.6%€281k▲ 73.1%€276k▼ 1.7%€283k▲ 2.5%
Operating result€70k-€13k▼ 82.0%€25k▲ 101%€13k▼ 46.9%€23k▲ 68.8%
Net result€47k-€-10k€5k€3k▼ 31.2%€15k▲ 351%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 69% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €971k
Fixed assets
€897k▼ 12.4%
Current assets
€74k▲ 15.2%
Equity and liabilities €971k
Equity
€283k▲ 2.5%
Debt
€688k▼ 15.2%
The debt ratio falls from 74.6% to 70.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€149k▼
2024 · €167k
Cash flow
€142k▼
2024 · €157k
Solvency
29.1%▲
2024 · 25.4%
Current ratio
0.83▲
2024 · 0.54
Quick ratio
0.83▲
2024 · 0.54
Debt / equity
2.43▼
2024 · 2.94
ROE
5.3%▲
2024 · 1.2%
ROA
1.5%▲
2024 · 0.3%
Interest coverage
9.39▲
2024 · 9.14
Debt
€688k▼
2024 · €812k
Debt ≤ 1 year
€89k▼
2024 · €118k
Debt > 1 year
€554k▼
2024 · €619k
Staff costs
€48k▼
2024 · €127k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.09M€971k▼
Fixed assets21/28€1.02M€897k▼
Tangible fixed assets22/27€1.02M€897k▼
Land and buildings22€624k€597k▼
Plant, machinery and equipment23€360k€278k▼
Furniture and vehicles24€2k€2k▼
Leasing and similar rights25€37k€20k▼
Current assets29/58€64k€74k▲
Amounts receivable within one year40/41€54k€67k▲
Trade receivables40€52k€60k▲
Other amounts receivable41€1k€7k▲
Cash at bank and in hand54/58€7k€3k▼
Deferred charges and accrued income490/1€4k€4k=
Equity and liabilities
Total equity and liabilities10/49€1.09M€971k▼
Equity10/15€276k€283k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€197k€197k=
Profit (loss) carried forward14€-45k€-30k▲
Investment grants15€106k€97k▼
Amounts payable17/49€812k€688k▼
Amounts payable after more than one year17€619k€554k▼
Financial debts170/4€619k€554k▼
Amounts payable within one year42/48€118k€89k▼
Current portion of amounts payable after more than one year42€74k€72k▼
Financial debts43€0€5k▲
Credit institutions430/8€0€5k▲
Trade debts44€11k-
Suppliers440/4€11k-
Taxes, remuneration and social security45€33k€12k▼
Taxes450/3€21k€12k▼
Remuneration and social security454/9€12k€279▼
Accrued charges and deferred income492/3€75k€45k▼
Income statement
Code20242025
Remuneration, social security and pensions62€127k€48k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154k€127k▼
Other operating charges640/8€6k€961▼
Gross operating margin9900€300k€198k▼
Operating profit (loss)9901€13k€23k▲
Financial income75/76B€8k€8k=
Recurring financial income75€8k€8k=
Financial charges65/66B€18k€16k▼
Recurring financial charges65€18k€16k▼
Profit (loss) for the period before taxes9903€3k€15k▲
Profit (loss) for the period9904€3k€15k▲
Profit (loss) for the period to be appropriated9905€3k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-45k€-30k▲
Profit (loss) brought forward from the previous period14P€-48k€-45k▲
Social balance
Average headcount (FTE)90873.01.3▼
The notes to these accounts (8 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-12
Financial
Equity above €200kEq €281k ▲73.1%
Equity rises from €162k to €281k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €47k ▲3075%
Operating result €70k, net result €47k, both a record.
31-12
Financial
Equity above €150kEq €172k
2 profitable years in a row build equity to €172k.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-09-2025
Vincent SERVAIS: Resigned as Director
21-12-2023
Vincent SERVAIS: Resigned as Director
21-12-2023
DAIX Nicolas: Resigned as Director
Location & real-estate footprint
Registered office, Héron · 1 establishment unit since 2017
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.
Rue d'Envoz 15 a4218 HéronGround area
1,315 m²
Building footprint
242 m²
Volume, LiDAR
1,500 m³
2 parcels, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
System-Inox
since 20172.264.071.357
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61015B0695/00F000 | Wallonia | 1,154 m² | 1 · 128 m² | 8.0 m · 2 fl. |
| 56033A0118/00H000 | Wallonia | 161 m² | 1 · 114 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 3,447 companies in sector 25530 we hold annual accounts for 1,644. 1,329 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-03-2017
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
33120Repair and maintenance of machinery
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.