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EXCEPT

Active
Public limited companyfounded 199036 years activeVlamingstraat 4, 8560 Wevelgem, BelgiumKBO/BCE: BE 0440.962.295
Summary

EXCEPT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€26,636) and a net result of -€7,802. Equity is shrinking by ~46.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 384 sector peers (NACE 47, fiscal year 2026). The computed 12-month bankruptcy probability is 1.1% (low).

Overview

Activity
Retail sale of information and communication equipment
NACE 47400
1 site
Size
€28,360total assets 2026
Equity
-€26,636
Loss
-€7,802
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2026
Bankruptcy probabilitywithin 12 months
1.1%
Structure
Accounts 51 days early1 of 5 deeds read
Why 53Capped at 59: negative equity- Negative equity -€26,636- Loss of €7,802, the second in a row (FY 2026)- Sector Retail trade (NACE 47)+ Size: total assets €28,360Show the evidence

Checked score

Score 2026
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 47, micro)
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 0=
equity -93.9% of total assets
Liquidity 41-15
short-term debt 56.4% · cash 16.0%
Profitability 0=
return on assets -27.5%
Bankruptcy probability, 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,186 companies)
Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.0%● unchanged vs 04-2025 06-2025: 2.0%● unchanged vs 05-2025 07-2025: 2.0%● unchanged vs 06-2025 08-2025: 2.0%● unchanged vs 07-2025 09-2025: 2.0%● unchanged vs 08-2025 10-2025: 2.2%▲ +0.2 percentage points vs 09-2025highest value 11-2025: 1.4%▼ -0.8 percentage points vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.3%▼ -0.1 percentage points vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.4%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 1.4%● unchanged vs 07-2026 09-2026: 1.3%▼ -0.1 percentage points vs 08-2026 10-2026: 1.1%▼ -0.2 percentage points vs 09-2026lowest value
No credit on open account
Liquidity ample (current ratio 1.53 against 3.84 in 2025; short-term debt: 56.4% and cash: 16% of total assets), but equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 6% on solvency, 39% on liquidity, 6% on profitability and 13% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €28,360
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€26,636
NBB · annual accounts
raises risk · Loss of €7,802, the second in a row (FY 2026)
NBB · annual accounts
raises risk · Sector Retail trade (NACE 47)
KBO
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year -€26,636
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 10-09-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
51 days early
2025
28 days early
2024
34 days early
2023
9 days late
2022
30 days late
2021
8 days late
2020
20 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 3 October (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · abbreviated…
  2. Reappointments: Philip VAN LANDUYT (bestuurder,gedelegeerd bestuurder…State Gazette act
  3. Annual accounts filedfiscal year 2025 · micro…

Key points

  • Risk: Negative equityfiscal year 2026: debts exceed assets -€26,636 View
  • Risk: 8 loss-making years in a rowloss fiscal year 2026 -€7,802 View
  • Caution: Among the weakest 5% on solvencysector median 30.3% · 384 companies -93.9% View

By topic

Financials

Fiscal year
2026
Total assets
€28,360
Loss
-€7,802
Solvency
-93.9%
Total assets▲ 7.9%
Net result
20192026
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-10-2027
  1. 27-09-2024Annual accounts filed
  2. 09-11-2023Annual accounts filed
  3. 30-11-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Retail sale of information and communication equipmentNACE 47400
Founded
11-06-1990
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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