ACTIVE

OPAL-SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

-84,2 k €

-207.3% YoY

Gross margin

97,7 k €

-69.3% YoY

Equity

771,7 k €

-9.8% YoY

Workforce

3,5 ETP

-18.6% YoY

What does OPAL-SYSTEMS do?

OPAL-SYSTEMS is a Public limited company incorporated in 2009. Its main activity is: Construction of utility projects for fluids. Its registered office is in Arlon. It employs on average 3,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0821.605.044

Incorporation

17/12/2009

Legal form

Public limited company

Registered office

Avenue de Mersch 127
6700 Arlon · WallonieSee on map

Contributed capital

352 000,00 €

Latest accounts

31/12/2025

Average workforce

3,5 ETP

Activities (NACE)

42219Construction of utility projects for fluids· main 42219Construction of utility projects for fluids 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	97,7 k €	-69.3%	318 k €	-25.1%	424,6 k €	-3.8%	441,5 k €	+18.1%	373,9 k €	+32.9%	281,4 k €	-32.7%	417,9 k €	+13.3%	368,7 k €	-18.2%	451 k €	-21.3%	573,2 k €	+280%	150,9 k €	-37.4%	241,1 k €	+15.0%	209,7 k €	-32.0%	308,3 k €	+96.6%	156,8 k €	+3520%	-4,6 k €
EBITDA	-80,9 k €	-196%	84,3 k €	-57.5%	198,1 k €	-18.7%	243,8 k €	+11.4%	218,8 k €	+40.7%	155,6 k €	-22.3%	200,2 k €	+9601%	-2,1 k €	+96.6%	-61,8 k €	-183%	74,8 k €	+146%	-161 k €	-383%	56,9 k €	+1828%	-3,3 k €	-104%	89,1 k €	+2630%	3,3 k €	+110%	-34,3 k €
Operating result	-97,9 k €	-244%	67,9 k €	-62.2%	179,6 k €	-23.2%	233,9 k €	+8.1%	216,3 k €	+43.1%	151,2 k €	-20.7%	190,7 k €	+1866%	-10,8 k €	+84.7%	-70,5 k €	-229%	54,8 k €	+129%	-187,3 k €	-1633%	12,2 k €	+133%	-37,2 k €	-164%	57,7 k €	+296%	-29,5 k €	+47.1%	-55,8 k €
Net result	-84,2 k €	-207%	78,4 k €	-46.8%	147,3 k €	-17.0%	177,4 k €	+9.8%	161,6 k €	+39.2%	116,1 k €	-39.5%	191,9 k €	+1386%	-14,9 k €	+79.8%	-73,9 k €	-251%	49 k €	+126%	-186,3 k €	-1290%	15,7 k €	+141%	-38,4 k €	-160%	63,7 k €	+341%	-26,4 k €	+49.5%	-52,3 k €
Balance sheet
Equity	771,7 k €	-9.8%	855,8 k €	+0.2%	854,4 k €	+16.2%	735,1 k €	+31.8%	557,7 k €	+40.8%	396,1 k €	+41.5%	280 k €	+218%	88,1 k €	-14.5%	103 k €	-41.8%	176,9 k €	+38.3%	127,9 k €	-59.3%	314,3 k €	+5.2%	298,6 k €	-11.4%	337 k €	+23.3%	273,3 k €	-8.8%	299,7 k €
Total assets	944,7 k €	-17.8%	1,1 M €	+8.6%	1,1 M €	+10.8%	955,9 k €	+36.0%	702,8 k €	+27.4%	551,8 k €	+23.6%	446,4 k €	+63.0%	273,9 k €	+1.9%	268,8 k €	-30.1%	384,5 k €	+26.3%	304,4 k €	-28.7%	427,2 k €	+12.6%	379,4 k €	-2.5%	389,2 k €	+9.5%	355,3 k €	-3.5%	368,1 k €
Cash	61 k €	+14.1%	53,5 k €	-43.5%	94,6 k €	-85.8%	665,9 k €	+49.9%	444,3 k €	+24.9%	355,9 k €	+32.7%	268,3 k €	+293%	68,2 k €	-9.9%	75,7 k €	+166%	28,4 k €	-41.8%	48,8 k €	-76.1%	204,5 k €	+55.0%	131,9 k €	-30.3%	189,3 k €	+40.4%	134,8 k €	-36.0%	210,5 k €
Debts	157,8 k €	-43.8%	280,6 k €	+50.7%	186,2 k €	-6.8%	199,8 k €	+51.2%	132,2 k €	-9.5%	146,1 k €	-5.9%	155,3 k €	+7.1%	145 k €	+27.4%	113,8 k €	-35.1%	175,2 k €	+5.7%	165,8 k €	+50.2%	110,4 k €	+40.2%	78,8 k €	+85.3%	42,5 k €	-43.2%	74,8 k €	+20.7%	62 k €
Other
Workforce	3,5 ETP	-18.6%	4,3 ETP	-21.8%	5,5 ETP	0.0%	5,5 ETP	+27.9%	4,3 ETP	0.0%	4,3 ETP	-10.4%	4,8 ETP	-34.2%	7,3 ETP		–		–		5,9 ETP	+96.7%	3,0 ETP	-25.0%	4,0 ETP	+5.3%	3,8 ETP	+40.7%	2,7 ETP	+200%	0,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 23 ended

Active mandates

CFM²

Director · since 01 novembre 2025 · until 16 avril 2027 · 1029.686.474

Represented by Charlotte Franck

Active

P. Franck Management

Director · since 01 novembre 2025 · until 16 avril 2027 · 1029.777.932

Represented by Pauline Franck

Active

Pauline Franck

Director · since 01 février 2024 · until 01 novembre 2025

Active

Stéphane MILLIUS

Director · since 22 mai 2020 · until 21 mai 2027

Active

Charlotte FRANCK

Director · since 20 mai 2019 · until 01 novembre 2025

Active

Catharina Keller

Director · since 09 mai 2018 · until 16 avril 2027

Active

Patrick Kemper

Director · since 15 décembre 2009 · until 16 avril 2027

Active

Pierre-Yves FRANCK

Managing director · since 15 décembre 2009 · until 16 avril 2027

Active

Ended mandates

Pauline Franck

Director · since 01 février 2024 · until 16 avril 2027

Ended

Charlotte FRANCK

Director · since 20 mai 2019 · until 16 avril 2021

Ended

Charlotte FRANCK

Director · since 20 mai 2019 · until 21 mai 2027

Ended

Catharina Keller

Director · since 09 mai 2018 · until 16 avril 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/05/2026	06/06/2025	30/05/2024	26/06/2023	18/05/2022	03/06/2021
General meeting	17/04/2026	18/04/2025	19/04/2024	21/04/2023	15/04/2022	16/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/04/2026	13/05/2026	French	PDF
Abridged model	31/12/2024	18/04/2025	06/06/2025	French	PDF
Abridged model	31/12/2023	19/04/2024	30/05/2024	French	PDF
Abridged model	31/12/2022	21/04/2023	26/06/2023	French	PDF
Abridged model	31/12/2021	15/04/2022	18/05/2022	French	PDF
Abridged model	31/12/2020	16/04/2021	03/06/2021	French	PDF
Abridged model	31/12/2019	17/04/2020	16/06/2020	French	PDF
Abridged model	31/12/2018	19/04/2019	08/07/2019	French	PDF
Micro model	31/12/2017	09/05/2018	25/05/2018	French	PDF
Micro model	31/12/2016	21/04/2017	15/06/2017	French	PDF
Abridged model	31/12/2015	15/04/2016	26/05/2016	French	PDF
Abridged model	31/12/2014	17/04/2015	13/05/2015	French	PDF
Abridged model	31/12/2013	18/04/2014	09/07/2014	French	PDF
Abridged model	31/12/2012	19/04/2013	21/05/2013	French	PDF
Abridged model	31/12/2011	20/04/2012	15/05/2012	French	PDF
Abridged model	31/12/2010	15/04/2011	12/07/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 23 ended

Active mandates

CFM²

Director · since 01 novembre 2025 · until 16 avril 2027 · 1029.686.474

Represented by Charlotte Franck

Active

P. Franck Management

Director · since 01 novembre 2025 · until 16 avril 2027 · 1029.777.932

Represented by Pauline Franck

Active

Pauline Franck

Director · since 01 février 2024 · until 01 novembre 2025

Active

Stéphane MILLIUS

Director · since 22 mai 2020 · until 21 mai 2027

Active

Charlotte FRANCK

Director · since 20 mai 2019 · until 01 novembre 2025

Active

Catharina Keller

Director · since 09 mai 2018 · until 16 avril 2027

Active

Patrick Kemper

Director · since 15 décembre 2009 · until 16 avril 2027

Active

Pierre-Yves FRANCK

Managing director · since 15 décembre 2009 · until 16 avril 2027

Active

Ended mandates

Pauline Franck

Director · since 01 février 2024 · until 16 avril 2027

Ended

Charlotte FRANCK

Director · since 20 mai 2019 · until 16 avril 2021

Ended

Charlotte FRANCK

Director · since 20 mai 2019 · until 21 mai 2027

Ended

Catharina Keller

Director · since 09 mai 2018 · until 16 avril 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates10/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates10/02/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates23/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates26/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates25/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates23/03/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/08/2017
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-84,2 k €↓
2024
Annual accounts 202478,4 k €↓
2023
Annual accounts 2023147,3 k €↓
2022
Annual accounts 2022177,4 k €↑
2021
Annual accounts 2021161,6 k €↑
2020
Annual accounts 2020116,1 k €↓
2019
Annual accounts 2019191,9 k €↑
2018
Annual accounts 2018-14,9 k €↑
2017
Annual accounts 2017-73,9 k €↓
2016
Annual accounts 201649 k €↑
2015
Annual accounts 2015-186,3 k €↓
2014
Annual accounts 201415,7 k €↑
2013
Annual accounts 2013-38,4 k €↓
2012
Annual accounts 201263,7 k €↑
2011
Annual accounts 2011-26,4 k €↑
2010
Annual accounts 2010-52,3 k €
17/12/2009
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

OPAL-SYSTEMS

Overview

What does OPAL-SYSTEMS do?

Trend over 16 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline