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EXAEDES

Active
Public limited companyfounded 2022active for 3 yearsRue de Mignault 117, 7062 Soignies, BelgiumKBO/BCE: BE 0794.496.712
Summary

The computed 12-month bankruptcy probability of EXAEDES is 7.0% (elevated). The 2023 annual accounts show equity of €466,667 and a net result of €4,990. Its solvency ranks better than 92% of 18,150 sector peers (NACE 68, financial year 2023). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Development of non-residential building projects
NACE 68122
Size
€514,876total assets 2023
Equity
€466,667
Profit
€4,990
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
7.0%
2023 figures too old to score
Structure
2023 accounts filed 63 days late1 deed in the Belgian Official Gazette
Signalsraises riskFigures for financial year 2023 (filed 04-10-2024)2 financial years not filed after the legal deadline; last filed accounts filed 63 days late; 1 of the last 3 lateNo registered site in the KBO2023 accounts filed 63 days latelowers riskSector: Real estate activities (NACE 68)Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Financial strength, FY 2023
Strong
Solvency 100
equity 90.6% of total assets
Liquidity 51
short-term debt 7.6% · cash 0.4%
Profitability 70
return on assets 1.0%
Bankruptcy probability, 12 months
7.0% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,614 companies, NACE 68, micro)
Last 24 months 11-2024: 1.0%lowest value 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.1%▲ +0.1 percentage points vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025 09-2025: 1.9%▲ +0.4 percentage points vs 08-2025 10-2025: 3.2%▲ +1.3 percentage points vs 09-2025 11-2025: 3.4%▲ +0.2 percentage points vs 10-2025 12-2025: 3.6%▲ +0.2 percentage points vs 11-2025 01-2026: 5.4%▲ +1.8 percentage points vs 12-2025 02-2026: 5.4%● unchanged vs 01-2026 03-2026: 5.7%▲ +0.3 percentage points vs 02-2026 04-2026: 5.0%▼ -0.7 percentage points vs 03-2026 05-2026: 5.0%● unchanged vs 04-2026 06-2026: 4.9%▼ -0.1 percentage points vs 05-2026 07-2026: 4.9%● unchanged vs 06-2026 08-2026: 6.2%▲ +1.3 percentage points vs 07-2026 09-2026: 6.2%● unchanged vs 08-2026 10-2026: 7.0%▲ +0.8 percentage points vs 09-2026highest value
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Signals

Five signals.
lowers riskraises risk
raises risk · Figures for financial year 2023 (filed 04-10-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 63 days late; 1 of the last 3 late
NBB · filings
raises risk · No registered site in the KBO
KBO · seat and establishments
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · 2023 accounts filed 63 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-10-2024, 63 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2023
63 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2023 accounts 63 days after the deadline; the sector median (NACE 68) for financial year 2023 is 5 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…

Financials · financial year 2023, micro format

2023 annual accounts filed late (63 days) Filed on 2 October 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00493802.

Equity
€466,667
Total assets
€514,876
Net result
€4,990
Working capital
-€34,368

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €509,844
Fixed assets €505,191
Current assets €4,653
Equity and liabilities €514,876
Equity €466,667
Debt €48,208
Debt finances 9.4% of the balance-sheet total.
Key figures and ratios
2023 value
EBITDA
€36,755
Cash flow
€27,315
Current ratio
0.12
Debt to equity
0.10
ROE
1.1%
ROA
1.0%
Interest coverage
12.29
Debt ≤ 1 year
€39,021
Debt > 1 year
€9,187
Income taxes
€6,450
Annual accounts
Filed annual accounts As filed with the NBB · 2023 · 47 lines
Balance sheet Code2023
Assets
Total assets20/58€514,876
Formation expenses20€5,032
Fixed assets21/28€505,191
Tangible fixed assets22/27€505,191
Land and buildings22€491,173
Furniture and vehicles24€14,018
Current assets29/58€4,653
Amounts receivable within one year40/41€2,425
Trade receivables40€1,852
Other amounts receivable41€573
Cash at bank and in hand54/58€2,228
Equity and liabilities
Total equity and liabilities10/49€514,876
Equity10/15€466,667
Contributions10/11€86,019
Capital10€86,019
Issued capital100€86,019
Revaluation surpluses12€343,310
Reserves13€14,952
Non-distributable reserves130/1€2,280
Legal reserve130€2,280
Distributable reserves133€12,672
Profit (loss) carried forward14€22,387
Amounts payable17/49€48,208
Amounts payable after more than one year17€9,187
Financial debts170/4€9,187
Amounts payable within one year42/48€39,021
Current portion of amounts payable after more than one year42€23,406
Taxes, remuneration and social security45€7,829
Taxes450/3€7,829
Other amounts payable47/48€7,786
Income statement Code2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,325
Other operating charges640/8€692
Gross operating margin9900€37,447
Operating profit (loss)9901€14,430
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€2,990
Recurring financial charges65€2,990
Profit (loss) for the period before taxes9903€11,440
Income taxes67/77€6,450
Profit (loss) for the period9904€4,990
Profit (loss) for the period to be appropriated9905€4,990
Appropriation of the result
Profit (loss) to be appropriated9906€27,137
Profit (loss) brought forward from the previous period14P€22,146
Transfer to equity691/2€4,750
To the legal reserve6920€250
To other reserves6921€4,500

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22,325
Other operating charges640/8€692
Gross operating margin9900€37,447
Operating profit (loss)9901€14,430
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€2,990
Recurring financial charges65€2,990
Profit (loss) for the period before taxes9903€11,440
Income taxes67/77€6,450
Profit (loss) for the period9904€4,990
Profit (loss) for the period to be appropriated9905€4,990
Line2023
Assets
Total assets20/58€514,876
Formation expenses20€5,032
Fixed assets21/28€505,191
Tangible fixed assets22/27€505,191
Land and buildings22€491,173
Furniture and vehicles24€14,018
Current assets29/58€4,653
Amounts receivable within one year40/41€2,425
Trade receivables40€1,852
Other amounts receivable41€573
Cash at bank and in hand54/58€2,228
Equity and liabilities
Total equity and liabilities10/49€514,876
Equity10/15€466,667
Contributions10/11€86,019
Capital10€86,019
Issued capital100€86,019
Revaluation surpluses12€343,310
Reserves13€14,952
Non-distributable reserves130/1€2,280
Legal reserve130€2,280
Distributable reserves133€12,672
Profit (loss) carried forward14€22,387
Amounts payable17/49€48,208
Amounts payable after more than one year17€9,187
Financial debts170/4€9,187
Amounts payable within one year42/48€39,021
Current portion of amounts payable after more than one year42€23,406
Taxes, remuneration and social security45€7,829
Taxes450/3€7,829
Other amounts payable47/48€7,786
Line2023
Profit (loss) for the period9904€4,990
+ Depreciation and write-downs630€22,325
Operating cash flow (approximation)€27,315

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2023 micro format 02-10-2024 2024-00493802

Similar companies · same sector, comparable size

Of the 1,270 active companies whose main activity is development of non-residential building projects (NACE 68122), figures are known for 908. 583 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

EXAEDES was incorporated on 7 December 2022 as a public limited company.1 The company has filed annual accounts once, for financial year 2023.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2023

Acts, filings and financial milestones

2024
02-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 63 days late
NBB filing
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPublic limited company
Founded07-12-2022
Financial year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0794496712

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0794.496.712

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Soignies
exact location from the address register On OpenStreetMap
Ground area
5,095 m²
Building footprint
275 m²
Parcel 55028B0385/00L000, Wallonia. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
55028B0385/00L000 Wallonia 5,095 m² 1 · 275 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.