EXCEPTIO
ActiveSummary
EXCEPTIO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46k and a net result of €-3k. Equity is growing by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▼-5
Solvency38▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.12 against 0.02 in 2023; short-term debt: 86.7% and cash: 1.4% of total assets), and 86.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
13.3%
Return on assets
-1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
4 d early
2022
10 d late
2021
1 d early
2020
2 d early
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€46k▼ 7.0%
2023 · €49k
2018: €-44klowest in 7 years
2019: €-33k▲ +24.6% vs 2018
2020: €-24k▲ +27.7% vs 2019
2021: €-19k▲ +18.4% vs 2020
2022: €39k▲ +299% vs 2021
2023: €49k▲ +27.2% vs 2022highest in 7 years
2024: €46k▼ -7.0% vs 2023
2018 → 2024
Total assets
€343k▲ 3.9%
2023 · €330k
2018: €384khighest in 7 years
2019: €367k▼ -4.4% vs 2018
2020: €345k▼ -5.9% vs 2019
2021: €328k▼ -5.0% vs 2020
2022: €313k▼ -4.5% vs 2021lowest in 7 years
2023: €330k▲ +5.4% vs 2022
2024: €343k▲ +3.9% vs 2023
2018 → 2024
Net result
€-3k
2023 · €11k
2018: €9k
2019: €11k▲ +19.2% vs 2018
2020: €9k▼ -15.1% vs 2019
2021: €4k▼ -51.8% vs 2020
2022: €58k▲ +1223% vs 2021highest in 7 years
2023: €11k▼ -81.9% vs 2022
2024: €-3k▼ -133% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-260k▲ 5.8%
2023 · €-276k
2018: €-423klowest in 7 years
2019: €-394k▲ +6.9% vs 2018
2020: €-367k▲ +7.0% vs 2019
2021: €-344k▲ +6.1% vs 2020
2022: €-268k▲ +22.1% vs 2021
2023: €-276k▼ -3.1% vs 2022
2024: €-260k▲ +5.8% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-24k-€-19k▲ 18.4%€39k€49k▲ 27.2%€46k▼ 7.0%
2020: €-24klowest in 5 years
2021: €-19k▲ +18.4% vs 2020
2022: €39k▲ +299% vs 2021
2023: €49k▲ +27.2% vs 2022highest in 5 years
2024: €46k▼ -7.0% vs 2023
Operating result€10k-€5k▼ 49.2%€70k▲ 1,331%€24k▼ 66.0%€863▼ 96.4%
2020: €10k
2021: €5k▼ -49.2% vs 2020
2022: €70k▲ +1331% vs 2021highest in 5 years
2023: €24k▼ -66.0% vs 2022
2024: €863▼ -96.4% vs 2023lowest in 5 years
Net result€9k-€4k▼ 51.8%€58k▲ 1,223%€11k▼ 81.9%€-3k
2020: €9k
2021: €4k▼ -51.8% vs 2020
2022: €58k▲ +1223% vs 2021highest in 5 years
2023: €11k▼ -81.9% vs 2022
2024: €-3k▼ -133% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 96% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €343k
Fixed assets
€306k ▼ 6.0%
Current assets
€37k ▲ 720%
Equity and liabilities €343k
Equity
€46k ▼ 7.0%
Debt
€297k ▲ 5.8%
Debt's share of the balance-sheet total rises from 85.1% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€33k▼
2023 · €50k
Cash flow
€29k▼
2023 · €37k
Current ratio
0.12▲
2023 · 0.02
Quick ratio
0.10▲
2023 · 0.02
Debt to equity
6.50▲
2023 · 5.72
ROE
-7.5%▼
2023 · 21.4%
ROA
-1.0%▼
2023 · 3.2%
Interest coverage
18.40▼
2023 · 40.12
Debt ≤ 1 year
€297k▲
2023 · €281k
Income taxes
€2k▼
2023 · €12k
Staff costs
€5k
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 · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€330k€343k▲
Fixed assets21/28€325k€306k▼
Intangible fixed assets21€18k€18k▼
Tangible fixed assets22/27€307k€288k▼
Land and buildings22€157k€150k▼
Plant, machinery and equipment23€125k€116k▼
Furniture and vehicles24€25k€22k▼
Financial fixed assets28€326€326=
Current assets29/58€5k€37k▲
Stocks and contracts in progress3-€8k
Stocks30/36-€8k
Amounts receivable within one year40/41€2k€24k▲
Trade receivables40€2k€14k▲
Other amounts receivable41-€10k
Cash at bank and in hand54/58€2k€5k▲
Deferred charges and accrued income490/1€349€349=
Equity and liabilities
Total equity and liabilities10/49€330k€343k▲
Equity10/15€49k€46k▼
Contributions10/11€100k€100k=
Reserves13€620€620=
Non-distributable reserves130/1€620€620=
Reserves not available under the articles1311€620€620=
Profit (loss) carried forward14€-52k€-55k▼
Amounts payable17/49€281k€297k▲
Amounts payable within one year42/48€281k€297k▲
Financial debts43€16k€3k▼
Credit institutions430/8€16k€3k▼
Trade debts44€489€25k▲
Suppliers440/4€489€25k▲
Advances received on contracts in progress46€10k-
Taxes, remuneration and social security45€26k€25k▼
Taxes450/3€26k€23k▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€228k€243k▲
Income statement
Code20232024
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62-€5k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€33k▲
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€3k€2k▼
Gross operating margin9900€55k€42k▼
Operating profit (loss)9901€24k€863▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€22k€-957▼
Income taxes67/77€12k€2k▼
Profit (loss) for the period9904€11k€-3k▼
Profit (loss) for the period to be appropriated9905€11k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-52k€-55k▼
Profit (loss) brought forward from the previous period14P€-62k€-52k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2k | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €5k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €18k | €18k | €27k | €33k | ▲ 22.8% |
| Other operating charges640/8 | - | €754 | €897 | €2k | €2k | ▲ 4.7% |
| Non-recurring operating charges66A | - | - | - | €3k | €2k | ▼ 41.9% |
| Gross operating margin9900 | €30k | €24k | €89k | €55k | €42k | ▼ 23.8% |
| Operating profit (loss)9901 | €10k | €5k | €70k | €24k | €863 | ▼ 96.4% |
| Financial charges65/66B | - | €58 | €110 | €1k | €2k | ▲ 45.3% |
| Recurring financial charges65 | €35 | €58 | €110 | €1k | €2k | ▲ 45.3% |
| Profit (loss) for the period before taxes9903 | €10k | €5k | €70k | €22k | €-957 | ▼ 104% |
| Income taxes67/77 | €446 | €423 | €12k | €12k | €2k | ▼ 79.3% |
| Profit (loss) for the period9904 | €9k | €4k | €58k | €11k | €-3k | ▼ 133% |
| Profit (loss) for the period to be appropriated9905 | €9k | €4k | €58k | €11k | €-3k | ▼ 133% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €345k | €328k | €313k | €330k | €343k | ▲ 3.9% |
| Fixed assets21/28 | €343k | €325k | €307k | €325k | €306k | ▼ 6.0% |
| Intangible fixed assets21 | €21k | €20k | €19k | €18k | €18k | ▼ 0.3% |
| Tangible fixed assets22/27 | €322k | €305k | €287k | €307k | €288k | ▼ 6.3% |
| Land and buildings22 | - | €170k | €163k | €157k | €150k | ▼ 4.2% |
| Plant, machinery and equipment23 | - | €135k | €124k | €125k | €116k | ▼ 7.2% |
| Furniture and vehicles24 | - | - | - | €25k | €22k | ▼ 15.5% |
| Financial fixed assets28 | - | €326 | €326 | €326 | €326 | = |
| Current assets29/58 | €2k | €3k | €6k | €5k | €37k | ▲ 720% |
| Stocks and contracts in progress3 | - | - | - | - | €8k | - |
| Stocks30/36 | - | - | - | - | €8k | - |
| Amounts receivable within one year40/41 | €2k | €2k | €2k | €2k | €24k | ▲ 1,249% |
| Trade receivables40 | - | €2k | €2k | €2k | €14k | ▲ 678% |
| Other amounts receivable41 | - | - | - | - | €10k | - |
| Cash at bank and in hand54/58 | €710 | €967 | €4k | €2k | €5k | ▲ 106% |
| Deferred charges and accrued income490/1 | - | €349 | €349 | €349 | €349 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €345k | €328k | €313k | €330k | €343k | ▲ 3.9% |
| Equity10/15 | €-24k | €-19k | €39k | €49k | €46k | ▼ 7.0% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Reserves13 | €620 | €620 | €620 | €620 | €620 | = |
| Non-distributable reserves130/1 | - | €620 | €620 | €620 | €620 | = |
| Reserves not available under the articles1311 | - | €620 | €620 | €620 | €620 | = |
| Profit (loss) carried forward14 | €-124k | €-120k | €-62k | €-52k | €-55k | ▼ 6.6% |
| Amounts payable17/49 | €369k | €347k | €274k | €281k | €297k | ▲ 5.8% |
| Amounts payable within one year42/48 | €369k | €347k | €274k | €281k | €297k | ▲ 5.8% |
| Financial debts43 | - | - | - | €16k | €3k | ▼ 78.2% |
| Credit institutions430/8 | - | - | - | €16k | €3k | ▼ 78.2% |
| Trade debts44 | - | - | - | €489 | €25k | ▲ 5,088% |
| Suppliers440/4 | - | - | - | €489 | €25k | ▲ 5,088% |
| Advances received on contracts in progress46 | - | - | - | €10k | - | - |
| Taxes, remuneration and social security45 | - | €37k | €43k | €26k | €25k | ▼ 2.7% |
| Taxes450/3 | - | €37k | €43k | €26k | €23k | ▼ 13.0% |
| Remuneration and social security454/9 | - | - | - | - | €3k | - |
| Other amounts payable47/48 | - | €310k | €231k | €228k | €243k | ▲ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €4k | €58k | €11k | €-3k | ▼ 133% |
| + Depreciation and write-downs630 | €18k | €18k | €18k | €27k | €33k | ▲ 22.8% |
| Operating cash flow (approximation) | €28k | €23k | €76k | €37k | €29k | ▼ 21.2% |
| Investment in fixed assets (approximation) | - | €-326 | €0 | €-45k | €-13k | ▲ 71.1% |
| Change in cash | - | €257 | €3k | €-2k | €3k | ▲ 236% |
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
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Highest result since 2018net €58k ▲1,223%
Operating result €70k, net result €58k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
12-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 377 days late
12-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 742 days late
2016
25-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 238 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Thuin · 1 establishment unit since 2011
Ground area
565 m²
Building footprint
79 m²
Volume, LiDAR
717 m³
Parcel 56077D0473/00M000, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
La petite gayolle
since 20112.201.007.895
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56077D0473/00M000 | Wallonia | 565 m² | 1 · 79 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteThuin2.201.007.895
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Of 9,136 companies in sector 68201 we hold annual accounts for 6,765. 3,226 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
68201Renting and operating of own or leased residential real estate, excluding social housing
46190Agents in non-specialised wholesale trade
56210Event catering
Scores and ratios are computed by Checked and are not a credit decision.