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EXAM

Active
Public limited companyfounded 200025 yrs activeBrits Tweede Legerlaan 93, 1190 Vorst, BelgiumKBO/BCE: BE 0473.052.172
Summary

The computed 12-month bankruptcy probability of EXAM is 2.5% (moderate). For EXAM, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €720,396 and a net result of -€6,747. Equity remains stable across the filed fiscal years (±0.3% per year). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability35▼-2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2022
Solvency, return and age of the figures
Solvency
93.8%
Return on assets
-0.9%
Age of the figures
45 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 25 years 0 30 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 09-05-2025, 648 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
648 d late
2021
233 d late
2020
234 d late
2019
157 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 318 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

EXAM was incorporated on 16 October 2000.1 Total assets went from EUR 767,294 in 2018 to EUR 768,196 in 2022.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2022

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Financials · fiscal year 2022, micro schema

Equity
€720,396▼ 0.9%
2021 · €727,144
Total assets
€768,196▲ 0.1%
2021 · €767,344
Net result
-€6,747▼ 185%
2021 · -€2,368
Working capital
€720,396▼ 0.9%
2021 · €727,144
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20182019202020212022
Operating result-€938--€868▲ 7.5%-€415▲ 52.2%-€1,432▼ 246%-€6,088▼ 325%
Net result-€1,450--€2,124▼ 46.5%-€658▲ 69.0%-€2,368▼ 260%-€6,747▼ 185%
Equity€732,294-€730,170▼ 0.3%€729,512▼ 0.1%€727,144▼ 0.3%€720,396▼ 0.9%
Total assets€767,294-€767,370=€767,270=€767,344=€768,196▲ 0.1%
Debt€35,000-€37,200▲ 6.3%€37,758▲ 1.5%€40,200▲ 6.5%€47,800▲ 18.9%
Working capital€732,294-€730,170▼ 0.3%€729,512▼ 0.1%€727,144▼ 0.3%€720,396▼ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€8,000-€6,000-€4,000-€2,000€0Operating result 2018: -€938-€938Net result 2018: -€1,450-€1,450Operating result 2019: -€868-€868Net result 2019: -€2,124-€2,124Operating result 2020: -€415-€415Net result 2020: -€658-€658Operating result 2021: -€1,432-€1,432Net result 2021: -€2,368-€2,368Operating result 2022: -€6,088-€6,088Net result 2022: -€6,747-€6,74720182019202020212022-€8,000-€6,000-€4,000-€2,000€0Operating result 2020: -€415-€415Net result 2020: -€658-€658Operating result 2021: -€1,432-€1,430Net result 2021: -€2,368-€2,370Operating result 2022: -€6,088-€6,090Net result 2022: -€6,747-€6,750202020212022
The operating result stays negative: a loss of €6,088 in 2022 against €1,432 in 2021; the loss grows and 2022 has the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €768,196
Equity €720,396 ▼ 0.9%
Debt €47,800 ▲ 18.9%
Debt's share of the balance-sheet total rises from 5.2% to 6.2%. Equity is lower and debt is higher.
Key figures and ratios
2022 value · change against 2021
Current ratio
16.07▼
2021 · 19.09
Debt to equity
0.07▲
2021 · 0.06
ROE
-0.9%▼
2021 · -0.3%
ROA
-0.9%▼
2021 · -0.3%
Debt ≤ 1 year
€47,800▲
2021 · €40,200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 25 lines
Balance sheet Code20212022
Assets
Total assets20/58€767,344€768,196▲
Current assets29/58€767,344€768,196▲
Amounts receivable within one year40/41€767,270€767,899▲
Trade receivables40€534,293€534,293=
Other amounts receivable41€232,977€233,606▲
Cash at bank and in hand54/58€73€297▲
Equity and liabilities
Total equity and liabilities10/49€767,344€768,196▲
Equity10/15€727,144€720,396▼
Contributions10/11€1.2m€1.2m=
Capital10€1.2m€1.2m=
Issued capital100€1.2m€1.2m=
Profit (loss) carried forward14-€480,056-€486,804▼
Amounts payable17/49€40,200€47,800▲
Amounts payable within one year42/48€40,200€47,800▲
Other amounts payable47/48€40,200€47,800▲
Income statement Code20212022
Other operating charges640/8€1,017€2,782▲
Gross operating margin9900-€415-€3,306▼
Operating profit (loss)9901-€1,432-€6,088▼
Financial charges65/66B€936€660▼
Recurring financial charges65€936€660▼
Profit (loss) for the period before taxes9903-€2,368-€6,747▼
Profit (loss) for the period9904-€2,368-€6,747▼
Profit (loss) for the period to be appropriated9905-€2,368-€6,747▼
Appropriation of the result
Profit (loss) to be appropriated9906-€480,056-€486,804▼
Profit (loss) brought forward from the previous period14P-€477,688-€480,056▼
Line20182019202020212022Change
Other operating charges640/8---€1,017€2,782▲ 173%
Gross operating margin9900-€70--€415-€415-€3,306▼ 697%
Operating profit (loss)9901-€938-€868-€415-€1,432-€6,088▼ 325%
Financial charges65/66B---€936€660▼ 29.5%
Recurring financial charges65€512€1,256€243€936€660▼ 29.5%
Profit (loss) for the period before taxes9903-€1,450-€2,124-€658-€2,368-€6,747▼ 185%
Profit (loss) for the period9904-€1,450-€2,124-€658-€2,368-€6,747▼ 185%
Profit (loss) for the period to be appropriated9905-€1,450-€2,124-€658-€2,368-€6,747▼ 185%
Line20182019202020212022Change
Assets
Total assets20/58€767,294€767,370€767,270€767,344€768,196▲ 0.1%
Current assets29/58€767,294€767,370€767,270€767,344€768,196▲ 0.1%
Amounts receivable within one year40/41€767,270€767,270€767,270€767,270€767,899▲ 0.1%
Trade receivables40---€534,293€534,293=
Other amounts receivable41---€232,977€233,606▲ 0.3%
Current investments50/53€23-----
Cash at bank and in hand54/58-€100-€73€297▲ 305%
Equity and liabilities
Total equity and liabilities10/49€767,294€767,370€767,270€767,344€768,196▲ 0.1%
Equity10/15€732,294€730,170€729,512€727,144€720,396▼ 0.9%
Contributions10/11€1.2m€1.2m€1.2m€1.2m€1.2m=
Capital10---€1.2m€1.2m=
Issued capital100---€1.2m€1.2m=
Profit (loss) carried forward14-€474,907-€477,030-€477,688-€480,056-€486,804▼ 1.4%
Amounts payable17/49€35,000€37,200€37,758€40,200€47,800▲ 18.9%
Amounts payable within one year42/48€35,000€37,200€37,758€40,200€47,800▲ 18.9%
Other amounts payable47/48---€40,200€47,800▲ 18.9%
Line20182019202020212022Change
Profit (loss) for the period9904-€1,450-€2,124-€658-€2,368-€6,747▼ 185%
Operating cash flow (approximation)-€1,450-€2,124-€658-€2,368-€6,747▼ 185%
Change in cash----€224-

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

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Timeline · acts, filings and financial milestones

2025
09-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 648 days late
2023
21-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 233 days late
2022
31-12
Financial Weakest financial yearnet -€6,747
Net result drops to -€6,747, the lowest in the series.
22-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 234 days late
2021
04-01
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 157 days late
2020
24-06
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 329 days late
2018
12-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
27-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
23-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
19-06
NBB filing Annual accounts filed
fiscal year 2014 · full schema
2014
26-06
NBB filing Annual accounts filed
fiscal year 2013 · full schema
Financial 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
Registered office, Vorst · 1 establishment unit since 2000
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Brits Tweede Legerlaan 931190 Vorst
1 establishment unit
EXAM SA
Brits Tweede Legerlaan 93, 1190 VorstManufacture of basic metals
since 20002.096.824.749

Structure & network

Owners and holdings

1 owner

Chain of control

  1. La Technique rationnelle moderne 99.83%
  2. EXAM

Highest known parent: La Technique rationnelle moderne. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded16-10-2000
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0473052172
Also 9925:BE0473052172
Registered 07-08-2025

Register as of 27 September 2026 · Peppol Directory

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