Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2024; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
EUROPEAN COMMUNICATION SYSTEM from Vilvoorde, company number BE0438588567, closed financial year 2024 with a result of € 6,314 after tax. For that financial year EUROPEAN COMMUNICATION SYSTEM recorded a gross margin of € 6,512 and equity of € -25,192. Compared with financial year 2023, the result moved from € -4,024 to € 6,314. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2025.
€ -25,192
▲ € 6,314 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 6,314
▲ still € 4,024 loss in 2023
Profit after tax over the fiscal year.
€ 1,374
▲ 180% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -43,784.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 24,535
▲ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 377
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -1,759 | € 1,474 | € -3,805 | € 6,512 | ▲ € 10,317 |
| Profit after taxes | € -2,073 | € -13,520 | € -4,024 | € 6,314 | ▲ € 10,338 |
| Equity | € -13,961 | € -27,482 | € -31,505 | € -25,192 | ▲ € 6,314 |
| Total debts | € 35,277 | € 28,303 | € 32,361 | € 26,565 | ▼ 18% |
| Cash | € 6,344 | € 521 | € 490 | € 1,374 | ▲ 180% |
| Retained profit | € -32,553 | € -46,074 | € -50,097 | € -43,784 | ▲ € 6,314 |
| Balance sheet total | € 21,315 | € 822 | € 856 | € 1,374 | ▲ 61% |
Key figures of EUROPEAN COMMUNICATION SYSTEM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to EUROPEAN COMMUNICATION SYSTEM?
What happened at EUROPEAN COMMUNICATION SYSTEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 6,314. Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,073 loss in 2021 to € 6,314 profit in 2024.
Best year ever: 2024, with € 6,314 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind EUROPEAN COMMUNICATION SYSTEM is JACQUES OFFERGELD.
Directors
According to the 2024 annual accounts
JACQUES OFFERGELD
Managing director
Establishments
Establishment units
Physical locations of this company
Amazonenlaan 8 box 9
1800 Vilvoorde
Terdeltplein 2 box 56
1030 Schaarbeek
Active since 14 November 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.588.567
- VAT number
- BE 0438.588.567
- Registered office
- Amazonenlaan 8 bus 9, 1800 Vilvoorde
- Names & denominations
- EUROPEAN COMMUNICATION SYSTEM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 November 1989
- Peppol
- Not registered
- Activities · NACE
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