Active BE 0765.297.336Private limited company

EXBARA GROUP

Lt. Graffplein 15 ·1780 Wemmel, Belgium· 5 yrs active

Sector: Advertising agencies (73110)

Conclusion Checked

The computed 12-month bankruptcy probability of EXBARA GROUP is 1.9% (moderate). The 2024 annual accounts show negative equity (€-3k) and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 8977 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-3k
Net result	€4k
Better than sector	10%
Active	5 yrs

Financial profile 5 of 5 axes measured · computed by Checked

43 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 21

Profitability 0

Solvency 42

Growth 59

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.9% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

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 FY 2024 · computed

21 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

40 2021

78 2022

2 2023

21 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.89 (< 1.0) -10

Equity Negative equity -25

Profitability Negatieve ROE -112% -10

Interest coverage Interest coverage 17.4× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 27-10-2025 with the NBB · fiscal year 2024 · micro schema

RevenueOperating resultNet result

Trajectory (indicative)

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

volatile Too volatile to project: the yearly deviation from the trend is ~53% of the level (threshold 35%). We therefore deliberately show no projection line.

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 2024 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-10.7%	55.2%	better than 10% of 8977 sector peers
Net result	€4k	€14k	better than 36% of 8976 sector peers
Equity	€-3k	€63k	better than 11% of 8988 sector peers
Gross operating margin	€5k	€35k	better than 22% of 8966 sector peers
Total assets	€32k	€138k	better than 14% of 8985 sector peers

Revenue

€24k

-47.4% 21-24

EBITDA

€4k

- 21-24

Net profit

€4k

- 21-24

Cash flow

€4k

- 21-24

Total assets

€32k

+6.4% 21-24

Equity

€-3k

+52.9% 21-24

Working capital

€-4k

+50.2% 21-24

Income taxes

€432

- 21-24

Debt

€35k

-5.2% 21-24

Debt ≤ 1y

€35k

-5.2% 21-24

Current ratio

0.89

+13.1% 21-24

Quick ratio

0.89

+13.1% 21-24

Solvency

-10.7%

+55.7% 21-24

Debt / equity

-10.34

-101.2% 21-24

ROE

-112.2%

- 21-24

ROA

12.0%

- 21-24

Net margin

-36.4%

- 21-24

EBITDA margin

-34.3%

- 21-24

Interest coverage

17.44

- 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	-	€24k	€45k	€20k
EBITDA	€4k	€-8k	€1k	-
Net profit	€4k	€-9k	€643	€-1k
Cash flow	€4k	€-8k	€699	-
Staff costs	-	-	-	-
Income taxes	-	-	€432	-
Dividends	-	-	-	-
Total assets	€32k	€30k	€20k	€9k
Equity	€-3k	€-7k	€1k	€642
Debt	€35k	€37k	€19k	€8k
of which ≤ 1y	€35k	€37k	€19k	€8k
of which > 1y	-	-	-	-
Working capital	€-4k	€-8k	€236	€642
Employees (FTE)	-	-	-	-

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.89	0.78	1.01	1.08
Quick ratio	0.89	0.78	1.01	1.08
Working capital ratio	-12.6%	-26.9%	1.2%	7.5%
Solvency	-10.7%	-24.2%	6.4%	7.5%
Debt / equity	-10.34	-5.14	14.63	12.29
Long-term debt ratio	-	-	-	-
Interest coverage	17.44	-29.39	10.18	-
Gross margin	-	-33.9%	3.2%	-6.8%
Net margin	-	-36.4%	1.4%	-6.8%
ROA	12.0%	-28.4%	3.2%	-15.9%
ROE	-112.2%	117.7%	50.1%	-211.5%
EBITDA margin	-	-34.3%	2.8%	-
Days sales outstanding	-	420d	62d	43d
Days payable outstanding	-	210d	12d	12d
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €608 · 1.9% Current assets €31k · 98.1%

Full annual accounts (22 line items)

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

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€32k	€30k	€20k	€9k
Fixed assets	21/28	€608	€829	€1k	-
Tangible fixed assets	22/27	€608	€829	€1k	-
Current assets	29/58	€31k	€29k	€19k	€9k
Amounts receivable within one year	40/41	€27k	€29k	€8k	€3k
Cash & bank	54/58	€4k	€98	€11k	€6k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€32k	€30k	€20k	€9k
Equity	10/15	€-3k	€-7k	€1k	€642
Contributions / capital	10/11	€2k	€2k	€2k	€2k
Accumulated profits (losses)	14	€-5k	€-9k	€-714	€-1k
Amounts payable	17/49	€35k	€37k	€19k	€8k
Amounts payable within one year	42/48	€35k	€37k	€19k	€8k
Trade debts payable within one year	44	€18k	€18k	€1k	€718
Income statement
Turnover	70	-	€24k	€45k	€20k
Gross operating margin	9900	€5k	€-8k	€1k	€-1k
Operating result	9901	€4k	€-8k	€1k	€-1k
Financial income	75	-	€4	-	-
Financial charges	65	€247	€274	€123	-
Result before taxes	9903	€4k	€-9k	€1k	€-1k
Income taxes	67/77	-	-	€432	-
Net result for the period	9904	€4k	€-9k	€643	€-1k
Result to be appropriated	9905	€4k	€-9k	€643	€-1k

Legal Structure

NACE primary	Advertising agencies(73110)
Legal form	Private limited company(610)
Incorporation	17-03-2021
Status	Active
Postal code	1780

Establishment units 1 location

EXBARA GROUP

Steenweg naar Oudegem 25, 9308 AalstJoinery installation

since 20212.318.000.585

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
41019A0345/00T000	Flanders	605 m²	1 · 192 m²	9.8 m · 2 fl.
22662B0387/00R004	Flanders	147 m²	1 · 144 m²	14.9 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

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

Updates 6 events

All 9Financial 3Gazette 2Filings 4

2025

27-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 88 days late

17-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 229 days late

17-03

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 595 days late

2024

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

2023

31-12

Financial Weakest financial yearnet €-9k ▼1430%

Net result drops to €-9k, the lowest in the series; recovery starts the following year.

13-01

State Gazette act Capital & shares

2022

31-12

Financial Back to profitnet €643

Net result €643 after one loss-making year.

31-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 153 days late

25-04

State Gazette act Capital & shares

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

Capital history · 2

13-01-2023

Capital change

25-04-2022

Capital change

All acts · 2 updated 3 years ago

2023

13-01-2023 Restructuring of share classes Capital & shares

Original publication ↗

Technical details

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2022

25-04-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Advertising agencies73110Joinery installation43320Postal and courier activities53100Other postal and courier activities53200Office administrative and support services82100Office administrative, office support and other business support activities82190

Names & trade names

Legal nameNL

EXBARA GROUP

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