EXAL
InactiveEXAL was declared bankrupt on 11-03-2025 (Ondernemingsrechtbank Antwerpen, afdeling Turnhout); the bankruptcy was closed for insufficient assets by judgment of 28-10-2025, published in the Belgian State Gazette on 03-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2016.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 31-07-2017, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2016, abbreviated schema
Equity
€-686k▼ 569%
2015 · €-103k
2012: €782k
2013: €802k▲ +2.6% vs 2012highest in 5 years
2014: €-308k▼ -138% vs 2013
2015: €-103k▲ +66.7% vs 2014
2016: €-686k▼ -569% vs 2015lowest in 5 years
2012 → 2016
Total assets
€1.21M▼ 41.2%
2015 · €2.06M
2012: €3.28Mhighest in 5 years
2013: €3.09M▼ -5.7% vs 2012
2014: €2.22M▼ -28.1% vs 2013
2015: €2.06M▼ -7.2% vs 2014
2016: €1.21M▼ -41.2% vs 2015lowest in 5 years
2012 → 2016
Net result
€-579k▼ 6,796%
2015 · €-8k
2012: €17k
2013: €31k▲ +85.3% vs 2012highest in 5 years
2014: €-937k▼ -3138% vs 2013lowest in 5 years
2015: €-8k▲ +99.1% vs 2014
2016: €-579k▼ -6796% vs 2015
2012 → 2016
Working capital
€-1.88M▼ 145%
2015 · €-768k
2012: €-262khighest in 5 years
2013: €-339k▼ -29.7% vs 2012
2014: €-1.36M▼ -301% vs 2013
2015: €-768k▲ +43.5% vs 2014
2016: €-1.88M▼ -145% vs 2015lowest in 5 years
2012 → 2016
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Equity€782k-€802k▲ 2.6%€-308k€-103k▲ 66.7%€-686k▼ 569%
2012: €782k
2013: €802k▲ +2.6% vs 2012highest in 5 years
2014: €-308k▼ -138% vs 2013
2015: €-103k▲ +66.7% vs 2014
2016: €-686k▼ -569% vs 2015lowest in 5 years
Operating result€111k-€232k▲ 109%€-101k€-146k▼ 44.5%€-569k▼ 290%
2012: €111k
2013: €232k▲ +109% vs 2012highest in 5 years
2014: €-101k▼ -144% vs 2013
2015: €-146k▼ -44.5% vs 2014
2016: €-569k▼ -290% vs 2015lowest in 5 years
Net result€17k-€31k▲ 85.3%€-937k€-8k▲ 99.1%€-579k▼ 6,796%
2012: €17k
2013: €31k▲ +85.3% vs 2012highest in 5 years
2014: €-937k▼ -3138% vs 2013lowest in 5 years
2015: €-8k▲ +99.1% vs 2014
2016: €-579k▼ -6796% vs 2015
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €569k in 2016 against €146k in 2015; the loss grows and 2016 has the lowest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €1.21M
Fixed assets
€1.20M ▼ 21.3%
Current assets
€14k ▼ 97.4%
Key figures and ratios
EBITDA
€-246k▼
2015 · €7k
Cash flow
€-256k▼
2015 · €144k
Solvency
-56.6%▼
2015 · -5.0%
Current ratio
0.01▼
2015 · 0.41
ROA
-47.7%▼
2015 · -0.4%
Debt
€1.90M▼
2015 · €2.10M
Debt ≤ 1 year
€1.90M▲
2015 · €1.31M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2016 against 2015 · 28 lines
Balance sheet
Code20152016
Assets
Total assets20/58€2.06M€1.21M▼
Fixed assets21/28€1.52M€1.20M▼
Intangible fixed assets21€23k-
Tangible fixed assets22/27€1.49M€1.19M▼
Financial fixed assets28€11k€9k▼
Current assets29/58€538k€14k▼
Stocks and contracts in progress3€120k-
Amounts receivable within one year40/41€210k€11k▼
Cash at bank and in hand54/58€14k€127▼
Equity and liabilities
Total equity and liabilities10/49€2.06M€1.21M▼
Equity10/15€-103k€-686k▼
Contributions10/11€242k€242k=
Reserves13€210k€71k▼
Profit (loss) carried forward14€-866k€-1.31M▼
Provisions and deferred taxes16€63k-
Amounts payable17/49€2.10M€1.90M▼
Amounts payable after more than one year17€565k-
Amounts payable within one year42/48€1.31M€1.90M▲
Trade debts44€363k€271k▼
Income statement
Code20152016
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€323k▲
Gross operating margin9900€413k€207k▼
Operating profit (loss)9901€-146k€-569k▼
Recurring financial income75€1k€252▼
Recurring financial charges65€72k€78k▲
Profit (loss) for the period before taxes9903€-1k€-646k▼
Income taxes67/77€11k-
Profit (loss) for the period9904€-8k€-579k▼
Profit (loss) for the period to be appropriated9905€84€-444k▼
Accounts by statement
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149k | €151k | €150k | €153k | €323k | ▲ 112% |
| Gross operating margin9900 | €829k | €921k | €567k | €413k | €207k | ▼ 49.8% |
| Operating profit (loss)9901 | €111k | €232k | €-101k | €-146k | €-569k | ▼ 290% |
| Recurring financial income75 | €13k | €1k | €19k | €1k | €252 | ▼ 82.4% |
| Recurring financial charges65 | €104k | €140k | €118k | €72k | €78k | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €25k | €31k | €-931k | €-1k | €-646k | ▼ 47,441% |
| Income taxes67/77 | €8k | - | €6k | €11k | - | - |
| Profit (loss) for the period9904 | €17k | €31k | €-937k | €-8k | €-579k | ▼ 6,796% |
| Profit (loss) for the period to be appropriated9905 | €17k | €31k | €-937k | €84 | €-444k | ▼ 528,634% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.28M | €3.09M | €2.22M | €2.06M | €1.21M | ▼ 41.2% |
| Fixed assets21/28 | €2.06M | €2.02M | €1.76M | €1.52M | €1.20M | ▼ 21.3% |
| Intangible fixed assets21 | €13k | €29k | €28k | €23k | - | - |
| Tangible fixed assets22/27 | €2.04M | €1.98M | €1.73M | €1.49M | €1.19M | ▼ 20.1% |
| Financial fixed assets28 | €6k | €6k | €7k | €11k | €9k | ▼ 17.6% |
| Current assets29/58 | €1.22M | €1.07M | €459k | €538k | €14k | ▼ 97.4% |
| Stocks and contracts in progress3 | €492k | €513k | €107k | €120k | - | - |
| Amounts receivable within one year40/41 | €339k | €293k | €149k | €210k | €11k | ▼ 94.8% |
| Current investments50/53 | €4k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €38k | €27k | €18k | €14k | €127 | ▼ 99.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.28M | €3.09M | €2.22M | €2.06M | €1.21M | ▼ 41.2% |
| Equity10/15 | €782k | €802k | €-308k | €-103k | €-686k | ▼ 569% |
| Contributions10/11 | €411k | €411k | €242k | €242k | €242k | = |
| Reserves13 | €312k | €308k | €195k | €210k | €71k | ▼ 66.3% |
| Profit (loss) carried forward14 | €59k | €83k | €-855k | €-866k | €-1.31M | ▼ 51.3% |
| Provisions and deferred taxes16 | €74k | €72k | €70k | €63k | - | - |
| Amounts payable17/49 | €2.42M | €2.22M | €2.46M | €2.10M | €1.90M | ▼ 9.7% |
| Amounts payable after more than one year17 | €941k | €802k | €641k | €565k | - | - |
| Amounts payable within one year42/48 | €1.48M | €1.41M | €1.82M | €1.31M | €1.90M | ▲ 45.1% |
| Trade debts44 | €535k | €366k | €512k | €363k | €271k | ▼ 25.4% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €31k | €-937k | €-8k | €-579k | ▼ 6,796% |
| + Depreciation and write-downs630 | €149k | €151k | €150k | €153k | €323k | ▲ 112% |
| Operating cash flow (approximation) | €166k | €182k | €-787k | €144k | €-256k | ▼ 277% |
| Investment in fixed assets (approximation) | - | €-107k | €106k | €87k | €2k | ▼ 97.8% |
| Change in cash | - | €-11k | €-8k | €-5k | €-14k | ▼ 194% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 28-10-2025
18-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Turnhout · event 11-03-2025
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-12
Financial
Weakest financial yearnet €-937k
Net result drops to €-937k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 29 days late
2013
31-12
Financial
Highest result since 2012net €31k ▲85.3%
Operating result €232k, net result €31k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 26 days late
2012
18-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 18 days late
2011
22-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 22 days late
2010
13-07
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema
2009
14-07
NBB filing
Annual accounts filed
fiscal year 2008 · abbreviated schema
2008
22-08
NBB filing
Annual accounts filed
fiscal year 2007 · abbreviated schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | KATTY SOMERS BISSCHOPSLAAN 24, 2340 BEERSE- |
11-03-2025 → 28-10-2025 |