Active BE 0893.200.447Public limited company

E- BEX

Rue Vaudrée 21 ·4031 Liège, Belgium· 18 yrs active

Sector: Risk and damage evaluation (66210)

Conclusion Checked

E- BEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €221k and a net result of €237k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 1437 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€221k
Net result	€237k
Staff (FTE)	6.9
Better than sector	39%

Financial profile 4 of 5 axes measured · computed by Checked

76 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 100

Solvency 54

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2007, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview18 NBB filings

Annual accounts filed on 08-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~17.4%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 66, Activities auxiliary to financial services and insurance activities · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	28.6%	38.3%	better than 39% of 1437 sector peers
Net result	€237k	€73k	better than 76% of 1436 sector peers
Equity	€221k	€272k	better than 45% of 1437 sector peers
Gross operating margin	€812k	€348k	better than 76% of 1437 sector peers
Staff costs	€442k	€250k	higher than 72% of 1033 sector peers

Net profit

€237k

-8.8% 21-25

Total assets

€774k

-2.4% 21-25

Equity

€221k

+16.4% 21-25

Employees (FTE)

7

0.0% 21-25

Staff costs

€442k

+4.0% 21-25

Income taxes

€83k

-11.1% 21-25

Dividends

€200k

0.0% 21-25

Debt

€553k

-8.3% 21-25

Debt ≤ 1y

€482k

-12.0% 21-25

Debt > 1y

€9k

-51.3% 21-25

Solvency

28.6%

+19.2% 21-25

ROE

106.9%

-21.7% 21-25

ROA

30.6%

-6.6% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	full schema	full schema	full schema	full schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€237k	€260k	€297k	€946k	€827k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	€442k	€425k	€391k	€386k	€351k
Income taxes	€83k	€93k	€113k	€4k	€4k
Dividends	€200k	€200k	€292k	-	-
Total assets	€774k	€793k	€975k	€1.36M	€1.29M
Equity	€221k	€190k	€137k	€137k	€136k
Debt	€553k	€602k	€838k	€1.22M	€1.16M
of which ≤ 1y	€482k	€547k	€829k	€1.19M	€1.12M
of which > 1y	-	-	€9k	€19k	€28k
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	6.9	6.9	6.5	7.0	7.4

Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema), so the columns are not directly comparable.

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	28.6%	24.0%	14.1%	10.1%	10.5%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	30.6%	32.8%	30.5%	69.8%	63.9%
ROE	106.9%	136.4%	216.6%	689.6%	606.5%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €96k · 12.4% Current assets €678k · 87.6%

Equity & liabilities

Equity €221k · 28.6% Debt €553k · 71.4%

Full annual accounts (26 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€774k	€793k	€975k	€1.36M	€1.29M
Fixed assets	21/28	€96k	€110k	€101k	€84k	€70k
Intangible fixed assets	21	€57k	€57k	€33k	€13k	€11k
Tangible fixed assets	22/27	€38k	€53k	€68k	€62k	€51k
Financial fixed assets	28	€180	€180	€180	€8k	€8k
Current assets	29/58	€678k	€683k	€874k	€1.27M	€1.22M
Stocks & contracts in progress	3	€53k	€53k	€51k	€113k	€115k
Amounts receivable within one year	40/41	€189k	€341k	€234k	€358k	€537k
Cash & bank	54/58	€427k	€281k	€587k	€792k	€563k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€774k	€793k	€975k	€1.36M	€1.29M
Equity	10/15	€221k	€190k	€137k	€137k	€136k
Contributions / capital	10/11	€62k	€62k	€62k	€62k	€62k
Reserves	13	€6k	€6k	€6k	€6k	€6k
Accumulated profits (losses)	14	€153k	€122k	€69k	€69k	€68k
Amounts payable	17/49	€553k	€602k	€838k	€1.22M	€1.16M
Amounts payable after one year	17	-	-	€9k	€19k	€28k
Amounts payable within one year	42/48	€482k	€547k	€829k	€1.19M	€1.12M
Trade debts payable within one year	44	€226k	€272k	€370k	€167k	€213k
Income statement
Gross operating margin	9900	€812k	€812k	€826k	€1.37M	€1.21M
Operating result	9901	€318k	€349k	€401k	€954k	€835k
Financial income	75	€2k	€5k	€11k	€128	€47
Financial charges	65	€1k	€2k	€2k	€3k	€4k
Result before taxes	9903	€320k	€353k	€410k	€950k	€831k
Income taxes	67/77	€83k	€93k	€113k	€4k	€4k
Net result for the period	9904	€237k	€260k	€297k	€946k	€827k
Result to be appropriated	9905	€237k	€260k	€297k	€946k	€827k

Legal Structure

NACE primary	Risk and damage evaluation(66210)
Legal form	Public limited company(014)
Incorporation	31-10-2007
Status	Active
Postal code	4031

Establishment units 1 location

E-BEX

Rue Vaudrée 21, 4031 LiègeNACE 67202

since 20072.166.477.281

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62002D0011/00T007	Wallonia	209 m²	1 · 206 m²	-

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Weakest financial yearnet €237k ▼8.8%

Net result drops to €237k, the lowest in the series.

31-12

Financial Equity above €200kEq €221k ▲16.4%

5 profitable years in a row build equity to €221k.

07-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 7 days late

2024

31-12

Financial Equity above €150kEq €190k ▲38.8%

4 profitable years in a row build equity to €190k.

29-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

24-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 24 days late

2022

31-12

Financial Highest result since 2021net €946k ▲14.4%

Operating result €954k, net result €946k, both a record.

22-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

30-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

17-08

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 17 days late

2019

12-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 12 days late

2018

24-08

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 24 days late

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Risk and damage evaluation6621067202

Names & trade names

Legal nameFR

E- BEX

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