Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Automatic Systems from Wavre, company number BE0406762669, closed financial year 2025 with a result of € -2 million after tax. For that financial year Automatic Systems recorded revenue of € 60.3 million and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 151,116 to € -2 million. The company made a loss. The buffer shrank hard: equity is 55 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ 1.6 million
▼ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ still € 151,116 profit in 2024
Profit after tax over the fiscal year.
€ 107,169
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -126,494.
People and assets in 2025
227.3
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20 million
▲ 6% vs 2024
€ 88,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 243,152
▲ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.4 million
▲ 56% vs 2024
Loans from banks and other lenders, long and short.
€ 12.8 million
▲ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 99 days on average.
€ 3.9 million
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 56,855,238 | € 57,501,171 | € 64,742,757 | € 60,301,698 | ▼ 7% |
| Profit after taxes | € 2,986,704 | € -1,560,729 | € 151,116 | € -1,993,247 | ▼ € 2.1 million |
| Equity | € 7,045,297 | € 4,484,568 | € 3,635,627 | € 1,642,380 | ▼ 55% |
| Total debts | € 28,995,254 | € 41,449,350 | € 39,332,173 | € 52,918,489 | ▲ 35% |
| Cash | € 1,000,149 | € 1,098,274 | € 752,196 | € 107,169 | ▼ 86% |
| Land & buildings | € 1,409,180 | € 1,362,856 | € 1,312,366 | € 1,262,062 | ▼ 4% |
| Retained profit | € 5,276,423 | € 2,715,694 | € 1,866,753 | € -126,494 | ▼ € 2 million |
| Dividend | € 2,500,000 | € 1,000,000 | € 1,000,000 | € 0 | ▼ 100% |
| Bank debt | € 2,858,000 | € 2,858,000 | € 2,858,000 | € 4,445,888 | ▲ 56% |
| Balance sheet total | € 37,790,015 | € 47,238,517 | € 44,325,622 | € 56,244,273 | ▲ 27% |
| Employees (FTE) | 209.1 | 224.3 | 226.3 | 227.3 | ▲ 1 |
Key figures of Automatic Systems, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Automatic Systems?
What happened at Automatic Systems in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SNA SRL stepped down as director. NBB
- Geoffrey Prévot stepped down as director. NBB
- Floriane Thiot stepped down as director. NBB
- Fabrice Bouteau stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2 million (▼ € 2.1 million vs 2024). Source: NBB ↗
- SNA SRL became a director. NBB
- Geoffrey Prévot became a director. NBB
- Floriane Thiot became a director. NBB
In short
From € 3 million profit in 2022 to € 2 million loss in 2025.
Paid € 234,865 in corporate taxes since 2022.
Best year ever: 2022, with € 3 million profit.
Paid out € 4.5 million in dividends to the owners in total.
Management
The shares are held by IER SA (100%) and IER IMPRESORAS ESPECIALIZADAS, S.L. (0%). It owns 100% of AUTOMATIC SYSTEMS AMERIQUE INC, 100% of AUTOMATIC SYSTEMS DEUTSCHLAND GMBH, 100% of AUTOMATIC SYSTEMS EQUIPMENT UK LTD, 100% of AUTOMATIC SYSTEMS ESPANOLA SAU and 99.5% of AUTOMATIC SYSTEMS SA itself.
Directors
According to the 2025 annual accounts
Floriane Thiot
Director
since 2022 · until 2028
Managing director · represented by Nicolas Saillé
since 2024 · until 2030
since 2024 · until 2030
Fabrice Bouteau
Chairman of the board
since 2021 · until 2027
Shareholders
IER SA
100%
IER IMPRESORAS ESPECIALIZADAS, S.L.
0%
Participations
AUTOMATIC SYSTEMS AMERIQUE INC
100%
AUTOMATIC SYSTEMS DEUTSCHLAND GMBH
100%
AUTOMATIC SYSTEMS EQUIPMENT UK LTD
100%
AUTOMATIC SYSTEMS ESPANOLA SAU
100%
AUTOMATIC SYSTEMS SA
99.5%
Establishments
Establishment units
Physical locations of this company
Avenue Mercator 5
1300 Wavre
Prins Boudewijnlaan 17 box 9A
2550 Kontich
Active since 1 August 1984
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0406.762.669
- VAT number
- BE 0406.762.669
- Registered office
- Avenue Mercator 5, 1300 Wavre
- Names & denominations
- Automatic Systems
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 June 1969
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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