ACTIVE

VISION SYSTEMS

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

529,2 k €

-24.4% YoY

Gross margin

1,6 M €

+0.4% YoY

Equity

1,3 M €

-43.1% YoY

Workforce

11,0 ETP

+7.8% YoY

What does VISION SYSTEMS do?

VISION SYSTEMS is a Public limited company incorporated in 2011. Its main activity is: Electrical installation. Its registered office is in Braine-l'Alleud. It employs on average 11,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0841.142.428

Incorporation

18/11/2011

Legal form

Public limited company

Registered office

Avenue du Commerce 32
1420 Braine-l'Alleud · WallonieSee on map

Contributed capital

63 000,00 €

Latest accounts

31/12/2025

Average workforce

11,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 80090Security and investigation activities 80200Security systems service activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	1,6 M €	+0.4%	1,6 M €	+23.9%	1,3 M €	+13.9%	1,2 M €	+18.6%	977,2 k €	-25.3%	1,3 M €	+72.3%	759,5 k €	+107%	367,3 k €	+128%	161,2 k €	+5.1%	153,3 k €	-19.3%	189,9 k €	+1434%	-14,2 k €	-173%	19,6 k €	+438%	-5,8 k €
EBITDA	820,5 k €	-2.4%	840,5 k €	+25.1%	672 k €	+18.3%	568,1 k €	+1.7%	558,5 k €	-38.1%	902,1 k €	+128%	395,1 k €	+117%	182,5 k €	+298%	45,8 k €	-36.7%	72,4 k €	-53.3%	154,9 k €	+817%	-21,6 k €	-286%	11,6 k €	+223%	-9,4 k €
Operating result	723,7 k €	-4.5%	757,7 k €	+27.0%	596,4 k €	+16.2%	513,4 k €	+4.1%	493,1 k €	-40.4%	827,9 k €	+142%	342,5 k €	+154%	134,8 k €	+641%	18,2 k €	-69.2%	59,1 k €	-57.8%	140,3 k €	+836%	-19 k €	-292%	9,9 k €	+191%	-10,9 k €
Net result	529,2 k €	-24.4%	700,5 k €	+37.0%	511,3 k €	+36.9%	373,5 k €	+7.0%	349,2 k €	-43.3%	615,9 k €	+140%	256,8 k €	+183%	90,7 k €	+1435%	5,9 k €	-85.0%	39,4 k €	-58.5%	95 k €	+629%	-17,9 k €	-305%	8,8 k €	+177%	-11,4 k €
Balance sheet
Equity	1,3 M €	-43.1%	2,3 M €	+12.5%	2 M €	+11.8%	1,8 M €	+48.7%	1,2 M €	+14.1%	1,1 M €	+140%	440,3 k €	+61.0%	273,4 k €	+49.7%	182,7 k €	+3.3%	176,8 k €	+28.7%	137,4 k €	+224%	42,4 k €	-29.7%	60,4 k €	+17.0%	51,6 k €
Total assets	3,1 M €	-0.4%	3,2 M €	+4.2%	3 M €	+11.8%	2,7 M €	+27.1%	2,1 M €	+13.8%	1,9 M €	+43.5%	1,3 M €	+20.4%	1,1 M €	+27.5%	850,4 k €	+198%	285,7 k €	+14.9%	248,7 k €	+185%	87,4 k €	-26.5%	118,9 k €	+15.8%	102,6 k €
Cash	25,4 k €	-96.1%	648,3 k €	+113%	305 k €	-47.5%	581,2 k €	-32.2%	857,4 k €	+2.3%	838,3 k €	+680%	107,5 k €	+37.3%	78,3 k €	+413%	15,3 k €	-82.1%	85,5 k €	+223%	26,4 k €	+2669%	955 €	-94.2%	16,6 k €		–
Debts	1,9 M €	+106%	900,3 k €	-12.2%	1 M €	+11.9%	915,9 k €	-1.0%	925 k €	+13.3%	816,6 k €	-5.6%	864,7 k €	+18.3%	730,8 k €	+9.4%	667,7 k €	+520%	107,7 k €	-3.2%	111,3 k €	+148%	44,9 k €	-23.1%	58,5 k €	+14.6%	51 k €
Other
Workforce	11,0 ETP	+7.8%	10,2 ETP	+6.2%	9,6 ETP	-26.2%	13,0 ETP	+44.4%	9,0 ETP	-1.1%	9,1 ETP	+19.7%	7,6 ETP		–		3,6 ETP	+12.5%	3,2 ETP	+68.4%	1,9 ETP	+137%	0,8 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

DIAZ INVEST

Director · since 19 décembre 2023 · 0749.640.942

Represented by Sebastien Diaz Alvarez

Active

Ma Solution Management

Director · since 19 décembre 2023 · 0896.887.041

Represented by Alain Maus

Active

Ended mandates

Alain MAUS

Director · since 01 décembre 2018 · until 30 novembre 2024

Ended

Ma Solution Management

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0896.887.041

Represented by Alain Maus

Ended

Ma Solution Management

Director · since 01 décembre 2018 · 0896.887.041

Represented by Alain Maus

Ended

Ma Solution Management

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0896.887.041

Represented by Alain Maus

Ended

At this address

Other companies at this address

Company	CBE no.
ADL SECURITY● Active	0452.253.293
ETS FR. BEAUPAIN● Active	0444.425.492

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	01/06/2026	02/05/2025	25/06/2024	06/07/2023	16/11/2022	29/07/2021
General meeting	22/05/2026	02/04/2025	02/04/2024	03/04/2023	02/04/2022	02/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/05/2026	01/06/2026	French	PDF
Abridged model	31/12/2024	02/04/2025	02/05/2025	French	PDF
Abridged model	31/12/2023	02/04/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	03/04/2023	06/07/2023	French	PDF
Abridged modelCorrection	31/12/2021	02/04/2022	16/11/2022	French	PDF
Abridged model	31/12/2021	02/04/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	02/04/2021	29/07/2021	French	PDF
Abridged model	31/12/2019	02/04/2020	24/06/2020	French	PDF
Micro model	31/12/2018	02/04/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	03/04/2018	23/07/2018	French	PDF
Abridged model	31/12/2016	03/04/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	02/04/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	07/04/2015	26/08/2015	French	PDF
Abridged model	31/12/2013	01/04/2014	29/04/2014	French	PDF
Abridged model	31/12/2012	02/04/2013	28/08/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 2 active · 18 ended

Active mandates

DIAZ INVEST

Director · since 19 décembre 2023 · 0749.640.942

Represented by Sebastien Diaz Alvarez

Active

Ma Solution Management

Director · since 19 décembre 2023 · 0896.887.041

Represented by Alain Maus

Active

Ended mandates

Alain MAUS

Director · since 01 décembre 2018 · until 30 novembre 2024

Ended

Ma Solution Management

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0896.887.041

Represented by Alain Maus

Ended

Ma Solution Management

Director · since 01 décembre 2018 · 0896.887.041

Represented by Alain Maus

Ended

Ma Solution Management

Director · since 01 décembre 2018 · until 30 novembre 2024 · 0896.887.041

Represented by Alain Maus

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates07/01/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office02/06/2017
SIEGE SOCIAL - OBJET
PDF
Mandates15/12/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2014
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2014
DEMISSIONS, NOMINATIONS
PDF
Registered office11/10/2013
SIEGE SOCIAL
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 2025529,2 k €↓
2024
Annual accounts 2024700,5 k €↑
2023
Annual accounts 2023511,3 k €↑
2022
Annual accounts 2022373,5 k €↑
2021
Annual accounts 2021349,2 k €↓
2020
Annual accounts 2020615,9 k €↑
2019
Annual accounts 2019256,8 k €↑
2018
Annual accounts 201890,7 k €↑
2017
Annual accounts 20175,9 k €↓
2016
Annual accounts 201639,4 k €↓
2015
Annual accounts 201595 k €↑
2014
Annual accounts 2014-17,9 k €↓
2013
Annual accounts 20138,8 k €↑
2012
Annual accounts 2012-11,4 k €
18/11/2011
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

VISION SYSTEMS

Overview

What does VISION SYSTEMS do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

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