Equity
€8.8m from €36.4m in 2017
Equity fell by 76% in 8 years.
Exolon Group
Lifetime
19 annual accounts with figures on one time axis, 42 filings since 1984peak €106.8m (2020)
€80.9m▲ 0.4%
lowest -€2.7m (2023)
€482,351▲ 211%
peak €36.4m (2017)
€8.8m▲ 5.8%
€22.5m▲ 1.4%
peak 166 FTE (2021)
146.8 FTE▲ 1.7%
Board6 names since 2020
2 directorsVenema Gertjan Joseph and 1 other
Owners5 names in the annual accounts
consolidatesExolon Holding GbmH and 1 other
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Result from €155,285 to €482,351Resignation: Jens Becker (director) 18-08Appointment: Jan Willem Wieringa (managing director) 24-07Capital increase of €1,750,000 to €6,750,000 21-05Dividend €1.8m
Key points
from the 2025 annual accountsResult
€482,351 ▲ 211%
The result rose in 2025 from €155,285 to €482,351.
Debts
€22.5m 71% of the balance sheet
Financial debts 23%Suppliers 65%Taxes and wages 11%
€3.0m of the debts are secured on the company's own assets. In 2021 that was €2.7m.
Staff
160 employees on 31-12-2025
In 2025, 20 people joined and 11 left. On top of that, 11.9 agency workers worked there on average.
Filings
42 annual accounts since 1984
The last five annual accounts were filed 26 to 48 days before the end of the period.
Board
1 joined · 1 left
Board changed. Latest change 01-09-2026 · 2 in office.
Checked score
85
Excellent
Financially stronger than 32% of medium-sized companies in rubber and plastics (NACE 22)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 77 companies (NACE 22, medium-sized).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.8%▲ +0.1 percentage points vs 04-2025highest value
06-2025: 0.7%▼ -0.1 percentage points vs 05-2025
07-2025: 0.2%▼ -0.5 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.75, cash €743,569
Sector: Manufacture of rubber and plastic products (NACE 22)
lowers risk
Founded in 1983
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 22, medium-sized). It does better than 28% of them on solvency, 12% on liquidity, 32% on profitability and 59% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 733 companies had the same profile as Exolon Group has now. Each dot stands for 2 companies, two years later.
97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Exolon Group itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 733 companies, not a prediction for Exolon Group. 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.
Credit verdict
Credit of up to €700,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.75 (0.67 in 2024), below 1. Short-term debt is 67.4% and cash 2.4% of total assets. 72.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 232 sector peers (2025).
NBB · sector comparisonPosition among 232 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 days early
2024
43 days early
2023
28 days early
2022
26 days early
2021
48 days early
2020
40 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days before the deadline. In the sector (NACE 22), the median for financial year 2024 was 14 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Exolon Holding GbmH consolidatesannual accounts 2025
- Serafin GmbH consolidatesannual accounts 2025
Shares in 4 companies, including Exolon Group GmbH and Exolon Group Inc
Board & ownershipRecent changes
Resignation: Gertjan Venema (director)
Appointment: Patrick Sourdiacourt (director) · Director discharge: Gertjan Venema · Gazette deed
Resignation: Jens Becker (director)
General meeting of 18-07-2025 · Gazette deed
Appointment: Jan Willem Wieringa (managing director)
General meeting of 01-07-2025 · Gazette deed
Capital increase of €1,750,000 to €6,750,000
Capital from €5,000,000 to €6,750,000 · General meeting of 06-05-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Exolon Group Tielt | €80.9m | 2.1% | 27.9% | 146.8 |
| RKW Hyplast Hoogstraten | €67.8m | -1.0% | 7.9% | 140.4 |
| CARPENTER BELGIUM Roeselare | €57.4m | 7.2% | 77.8% | 86.2 |
| Dyka Plastics Pelt | €66.6m | -7.6% | 42.8% | 184.1 |
| IDELCO INSULATION Wielsbeke | €59.7m | 0.4% | 53.3% | 55.1 |
| HENCO INDUSTRIES Herentals | €116.9m | 14.0% | 66.5% | 254.8 |
| HUBERT DE BACKER Temse | €40.3m | 3.4% | 78.1% | 155.9 |
Grey: the largest companies of the sector (rubber and plastics (NACE 22)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Exolon Group: manufacture of rubber and plastic products (NACE 22210). They are comparable in size and age: total assets between €30m and €94m, founded between 1974 and 2001.
Official details
Source: KBO- Status
- Active since 13-12-1983Normal situation
- Activity
- Manufacture of rubber and plastic productsNACE 22210
- Joint committees
- 116Chemical industry
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.023.720.5028700 Tielt, since 13-12-1983
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €31.6m▲ 2.4%
- Employeeson 31-12-2025
- 160▲ 6.0%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on Exolon Group
Exolon Group has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.8m and a net result of €482,351.
Equity shrank by about 5.6% per year on average since 2018. In 2025 it rose by 5.8%. Its solvency ranks better than 24% of 232 sector peers (NACE 22, financial year 2025).
The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Exolon Group
- What is the company number of Exolon Group?
- The company number of Exolon Group is 0425.026.680. The VAT number is the same number with BE in front: BE 0425.026.680.
- Where is Exolon Group based?
- The registered office is at Wakkensesteenweg 47, 8700 Tielt.Company details
- What does Exolon Group do?
- According to the KBO register, the main activity is manufacture of rubber and plastic products (NACE 22210).
- What is the legal form of Exolon Group?
- Exolon Group is a public limited company (NV).
- When was Exolon Group founded?
- Exolon Group was founded on 13-12-1983.
- Is Exolon Group still active?
- Yes, Exolon Group is an active enterprise in the KBO register.
- How many employees does Exolon Group have?
- Exolon Group had an average of 146.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Exolon Group fall under?
- In its 2025 annual accounts, Exolon Group states joint committees 116 (Chemical industry) and 207 (White-collar workers in the chemical industry).
- What is the turnover of Exolon Group?
- The turnover of Exolon Group was €80.9m in financial year 2025, according to the filed annual accounts.
- Is Exolon Group profitable?
- In financial year 2025, Exolon Group made a profit of €482,351.
- Where can I find the annual accounts of Exolon Group?
- Exolon Group filed 42 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Exolon Group due?
- Exolon Group must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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