AUTO EXCEPTION
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 15-06-2026 PDF all 36 filings
Turnover
≈ €2.1m
Estimated: probably between €1.5m and €2.8m
EBIT margin
Not included in this filing
Net result
€54,912
2024 · -€32,900
Working capital
-€479,868▼ 3.5%
2024 · -€463,440
In the rankings
#3 company by total assets in Ukkel, Other services sector#5 company by equity in Ukkel, Other services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€154,882
▲ 435%
2025
20182025
Net result
€54,912
2025
middle half of the sector
20182025
Equity
€1.0m
▲ 5.5%
2025
middle half of the sector
20182025
Total assets
€3.0m
▼ 4.6%
2025
middle half of the sector
20182025
Debt
€1.8m
▼ 9.3%
2025
20182025
Working capital
-€479,868
▼ 3.5%
2025
lowest quarter of the sector
20182025
Solvency
35.0%
▲ 3.4pp
2025
middle half of the sector
20182025
Current ratio
0.37
▼ 0.05
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
1.8%
▲ 2.9pp
2025
middle half of the sector
20182025
Staff (FTE)
3.8
▼ 9.5%
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.09m-€0.03m▼ 66.0%€0.02m▼ 44.1%€0.09m▲ 437%€0.09m▼ 0.6%€0.2m▲ 111%€0.03m▼ 84.3%€0.2m▲ 435%
Net result€0.05m-€0.01m▼ 75.3%€0.02mwithin the sector's middle half▲ 49.6%€0.05mwithin the sector's middle half▲ 198%€0.05mwithin the sector's middle half▼ 0.3%€0.1mwithin the sector's middle half▲ 93.0%-€0.03mbelow the sector's middle half€0.05mwithin the sector's middle half
Equity€0.9m-€1.0m▲ 1.2%€0.8mabove the sector's middle half▼ 12.3%€0.9mabove the sector's middle half▲ 6.0%€0.9mabove the sector's middle half▲ 4.3%€1.0mabove the sector's middle half▲ 10.4%€1.0mwithin the sector's middle half▼ 3.2%€1.0mwithin the sector's middle half▲ 5.5%
Total assets€2.2m-€2.0m▼ 7.6%€2.3mabove the sector's middle half▲ 16.6%€2.1mwithin the sector's middle half▼ 9.8%€2.1mwithin the sector's middle half▼ 1.7%€2.1mwithin the sector's middle half▲ 3.1%€3.1mabove the sector's middle half▲ 47.3%€3.0mwithin the sector's middle half▼ 4.6%
Debt€1.0m-€0.9m▼ 14.1%€1.3m▲ 52.4%€1.1m▼ 19.9%€1.0m▼ 6.0%€1.0m▼ 2.4%€2.0m▲ 107%€1.8m▼ 9.3%
Working capital€0.9m-€0.8m▼ 11.6%€0.6mabove the sector's middle half▼ 26.7%€0.6mabove the sector's middle half▲ 1.3%€0.5mwithin the sector's middle half▼ 7.4%€0.5mwithin the sector's middle half▲ 0.8%-€0.5mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 3.5%
Solvency43.8%-48.0%▲ 4.2pp36.1%within the sector's middle half▼ 11.9pp42.4%within the sector's middle half▲ 6.3pp45.0%within the sector's middle half▲ 2.6pp48.2%within the sector's middle half▲ 3.2pp31.7%within the sector's middle half▼ 16.6pp35.0%within the sector's middle half▲ 3.4pp
Current ratio3.50-3.80▲ 0.302.28within the sector's middle half▼ 1.533.20above the sector's middle half▲ 0.922.75above the sector's middle half▼ 0.442.39above the sector's middle half▼ 0.370.43below the sector's middle half▼ 1.960.37below the sector's middle half▼ 0.05
Return on assets (ROA)2.1%-0.6%▼ 1.5pp0.7%within the sector's middle half▲ 0.2pp2.4%within the sector's middle half▲ 1.7pp2.4%within the sector's middle half=4.6%within the sector's middle half▲ 2.1pp-1.1%below the sector's middle half▼ 5.6pp1.8%within the sector's middle half▲ 2.9pp
Staff (FTE)3.9-4.8▲ 23.1%5within the sector's middle half▲ 4.2%3.2below the sector's middle half▼ 36.0%3.4within the sector's middle half▲ 6.3%3.9within the sector's middle half▲ 14.7%4.2within the sector's middle half▲ 7.7%3.8below the sector's middle half▼ 9.5%
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is over 5.3 times that of 2024. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€2.7m ▼ 2.9%
Current assets
€282,146 ▼ 17.7%
Equity and liabilities €3.0m
Equity
€1.0m ▲ 5.5%
Provisions
€96,655 ▼ 8.8%
Debt
€1.8m ▼ 9.3%
Debt's share of the balance-sheet total falls from 64.9% to 61.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€334,043▲
2024 · €308,092
Cash flow
€234,072▼
2024 · €246,215
Quick ratio
0.35▼
2024 · 0.40
Debt to equity
1.76▼
2024 · 2.05
ROE
5.2%▲
2024 · -3.3%
Interest coverage
4.38▼
2024 · 4.41
Debt ≤ 1 year
€762,013▼
2024 · €806,288
Debt > 1 year
€1.0m▼
2024 · €1.2m
Income taxes
€33,039▲
2024 · €2,808
Staff costs
€165,183▲
2024 · €138,338
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 4 | 6 | 5 |
| full-time | 2 | 2 | 2 | 2 | 2 |
| part-time | 2 | 2 | 2 | 4 | 3 |
| in full-time equivalents | 3.2 | 3.2 | 3.2 | 4.2 | 3.8 |
| Average over the year, in full-time equivalents | 3.2 | 3.4 | 3.9 | 4.2 | 3.8 |
| On a permanent contract | 3 | 3 | 3 | 4 | 4 |
| Joined | 1 | - | 1 | 3 | 0 |
| Left | 3 | - | 3 | 2 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €48,323 | €27,019 | €72,349 | €1.9m | €100,074 |
| Financial fixed assets | €380 | - | - | - | - |
| Depreciation and write-downs of the year | €99,951 | €62,208 | €94,881 | €279,115 | €179,160 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €80,948 | €88,319 | €118,087 | €138,338 | €165,183 | ▲ 19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,525 | €86,303 | €97,870 | €99,951 | €62,208 | €94,881 | €279,115 | €179,160 | ▼ 35.8% |
| Other operating charges640/8 | - | - | - | €35,282 | €36,161 | €43,785 | €50,121 | €48,753 | ▼ 2.7% |
| Gross operating margin9900 | €285,460 | €258,038 | €261,312 | €304,018 | €273,995 | €441,042 | €496,551 | €547,978 | ▲ 10.4% |
| Operating profit (loss)9901 | €86,097 | €29,231 | €16,354 | €87,837 | €87,307 | €184,290 | €28,977 | €154,882 | ▲ 435% |
| Financial income75/76B | - | - | - | €18,575 | €32,682 | €3,953 | €1,260 | €62 | ▼ 95.1% |
| Recurring financial income75 | €26,728 | €29,017 | €44,652 | €18,575 | €32,682 | €3,953 | €1,260 | €62 | ▼ 95.1% |
| Financial charges65/66B | - | - | - | €38,482 | €36,178 | €43,563 | €69,834 | €76,301 | ▲ 9.3% |
| Recurring financial charges65 | €41,910 | €38,886 | €34,818 | €38,482 | €36,178 | €43,563 | €69,834 | €76,301 | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €70,915 | €19,362 | €26,188 | €67,930 | €83,811 | €144,680 | -€39,597 | €78,643 | - |
| Transfer from deferred taxes780 | - | - | - | €11,351 | €9,892 | €9,700 | €9,504 | €9,307 | ▼ 2.1% |
| Income taxes67/77 | €35,801 | €20,089 | €21,924 | €28,924 | €43,510 | €57,522 | €2,808 | €33,039 | ▲ 12× |
| Profit (loss) for the period9904 | €45,608 | €11,279 | €16,878 | €50,358 | €50,192 | €96,858 | -€32,900 | €54,912 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €22,045 | €19,210 | €18,838 | €18,458 | €18,075 | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | €65,987 | €34,596 | €41,374 | €72,402 | €69,402 | €115,695 | -€14,442 | €72,987 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.2m | €2.0m | €2.3m | €2.1m | €2.1m | €2.1m | €3.1m | €3.0m | ▼ 4.6% |
| Fixed assets21/28 | €0.9m | €0.9m | €1.3m | €1.3m | €1.2m | €1.2m | €2.8m | €2.7m | ▼ 2.9% |
| Intangible fixed assets21 | €230 | €0.008m | €0.01m | €0.009m | €0.006m | €0.002m | €328 | €68 | ▼ 79.2% |
| Tangible fixed assets22/27 | €0.9m | €0.9m | €1.3m | €1.2m | €1.2m | €1.2m | €2.8m | €2.7m | ▼ 2.9% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.7m | €2.3m | €2.2m | ▼ 5.9% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.1m | €0.09m | €0.09m | ▲ 4.3% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.01m | €0.009m | €0.009m | €0.02m | ▲ 162% |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 8.5% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.02m | - | - | - |
| Financial fixed assets28 | €0.05m | €0.002m | €0.002m | €0.003m | €0.003m | - | - | - | - |
| Current assets29/58 | €1.2m | €1.0m | €1.0m | €0.8m | €0.8m | €0.9m | €0.3m | €0.3m | ▼ 17.7% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | €0.4m | €0.4m | - | - | - |
| Other amounts receivable291 | - | - | - | €0.3m | €0.4m | €0.4m | - | - | - |
| Stocks and contracts in progress3 | €0.03m | €0.02m | €0.02m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 10.2% |
| Stocks30/36 | - | - | - | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 10.2% |
| Amounts receivable within one year40/41 | €0.4m | €0.3m | €0.3m | €0.2m | €0.1m | €0.08m | €0.1m | €0.1m | ▲ 11.8% |
| Trade receivables40 | - | - | - | €0.1m | €0.09m | €0.08m | €0.1m | €0.1m | ▲ 31.4% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.03m | €0.001m | €0.02m | €0.001m | ▼ 94.5% |
| Current investments50/53 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.03m | €0.03m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.09m | €0.05m | €0.04m | €0.02m | €0.2m | €0.2m | €0.08m | ▼ 48.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 19.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.2m | €2.0m | €2.3m | €2.1m | €2.1m | €2.1m | €3.1m | €3.0m | ▼ 4.6% |
| Equity10/15 | €0.9m | €1.0m | €0.8m | €0.9m | €0.9m | €1.0m | €1.0m | €1.0m | ▲ 5.5% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | - | - | - |
| Issued capital100 | - | - | - | €0.2m | €0.2m | €0.2m | - | - | - |
| Contributions outside capital11 | - | - | - | - | - | - | €0.2m | €0.2m | = |
| Other1109/19 | - | - | - | - | - | - | €0.2m | €0.2m | = |
| Reserves13 | €0.6m | €0.6m | €0.5m | €0.6m | €0.6m | €0.7m | €0.7m | €0.7m | ▲ 7.9% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.02m | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.8% |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.4m | €0.5m | €0.5m | ▲ 15.2% |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.09m | ▲ 1.2% |
| Provisions and deferred taxes16 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.8% |
| Deferred taxes168 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▼ 8.8% |
| Amounts payable17/49 | €1.0m | €0.9m | €1.3m | €1.1m | €1.0m | €1.0m | €2.0m | €1.8m | ▼ 9.3% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.8m | €0.8m | €0.6m | €0.5m | €1.2m | €1.0m | ▼ 12.4% |
| Financial debts170/4 | - | - | - | €0.8m | €0.6m | €0.5m | €1.2m | €1.0m | ▼ 12.4% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | €0.4m | €0.8m | €0.8m | ▼ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.08m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 17.2% |
| Trade debts44 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 32.6% |
| Suppliers440/4 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 32.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.07m | €0.1m | €0.03m | €0.04m | ▲ 35.1% |
| Taxes450/3 | - | - | - | €0.04m | €0.06m | €0.09m | €0.02m | €0.02m | ▲ 23.8% |
| Remuneration and social security454/9 | - | - | - | €0.006m | €0.008m | €0.008m | €0.01m | €0.02m | ▲ 55.0% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.4m | €0.4m | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | ▲ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.05m | €0.01m | €0.02m | €0.05m | €0.05m | €0.1m | -€0.03m | €0.05m | - |
| + Depreciation and write-downs630 | €0.08m | €0.09m | €0.1m | €0.1m | €0.06m | €0.09m | €0.3m | €0.2m | ▼ 35.8% |
| Operating cash flow (approximation) | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | -€0.1m | -€0.5m | -€0.05m | -€0.03m | -€0.07m | -€1.9m | -€0.1m | ▲ 94.8% |
| Change in cash | - | -€0.1m | -€0.04m | -€0.009m | -€0.02m | €0.2m | -€0.02m | -€0.08m | ▼ 272% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as AUTO EXCEPTION has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of AUTO EXCEPTION itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for AUTO EXCEPTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 15-06-2026 | 2026-00160210 | |
| 31-12-2024 | full format | 17-06-2025 | 2025-00143408 | |
| 31-12-2023 | full format | 23-07-2024 | 2024-00271834 | |
| 31-12-2022 | full format | 21-11-2023 | 2023-00513819 | |
| 31-12-2021 | full format | 31-08-2022 | 2022-20368960 | |
| 31-12-2020 | full format | 08-07-2021 | 2021-32300091 | |
| 31-12-2019 | full format | 25-09-2020 | 2020-55400357 | |
| 31-12-2018 | full format | 28-08-2019 | 2019-51900538 | |
| 31-12-2017 | full format | 24-07-2018 | 2018-36300348 | |
| 31-12-2016 | full format | 28-08-2017 | 2017-48000138 |