EXCHANGE
ActiveSummary
EXCHANGE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,667 and a net result of -€17,454. Equity is shrinking by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
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Signals
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
- 2025 Net result +86% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €378,737 | - |
| Remuneration, social security and pensions62 | €73,786 | €121,299 | €239,021 | €233,990 | ▼ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,014 | €1,014 | €976 | ▼ 3.8% |
| Other operating charges640/8 | €0 | €1,208 | €928 | - | - |
| Gross operating margin9900 | €76,926 | €130,476 | €119,861 | €221,359 | ▲ 84.7% |
| Operating profit (loss)9901 | €3,141 | €6,955 | -€121,102 | -€13,607 | ▲ 88.8% |
| Financial income75/76B | €664 | - | €38 | €46 | ▲ 21.6% |
| Recurring financial income75 | €664 | - | €38 | €46 | ▲ 21.6% |
| Financial charges65/66B | €3,704 | €4,347 | €5,024 | €3,893 | ▼ 22.5% |
| Recurring financial charges65 | €3,704 | €4,347 | €5,024 | €3,893 | ▼ 22.5% |
| Profit (loss) for the period before taxes9903 | €100 | €2,608 | -€126,088 | -€17,454 | ▲ 86.2% |
| Profit (loss) for the period9904 | €100 | €2,608 | -€126,088 | -€17,454 | ▲ 86.2% |
| Profit (loss) for the period to be appropriated9905 | €100 | €2,608 | -€126,088 | -€17,454 | ▲ 86.2% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €689,944 | €568,352 | €328,219 | €161,666 | ▼ 50.7% |
| Fixed assets21/28 | €500 | €2,529 | €1,514 | €531 | ▼ 64.9% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €0 | €2,029 | €1,014 | €31 | ▼ 96.9% |
| Plant, machinery and equipment23 | €0 | €2,029 | €1,014 | - | - |
| Furniture and vehicles24 | - | - | - | €31 | - |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €689,444 | €565,823 | €326,704 | €161,134 | ▼ 50.7% |
| Amounts receivable within one year40/41 | €7,720 | €0 | €89,128 | €90,007 | ▲ 1.0% |
| Trade receivables40 | €3,412 | - | - | - | - |
| Other amounts receivable41 | €4,307 | €0 | €89,128 | €90,007 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €674,267 | €553,590 | €236,253 | €64,094 | ▼ 72.9% |
| Deferred charges and accrued income490/1 | €7,458 | €12,233 | €1,323 | €7,034 | ▲ 432% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €689,944 | €568,352 | €328,219 | €161,666 | ▼ 50.7% |
| Equity10/15 | €237,601 | €240,209 | €114,121 | €96,667 | ▼ 15.3% |
| Reserves13 | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €237,601 | €240,209 | €114,121 | €96,667 | ▼ 15.3% |
| Amounts payable17/49 | €452,343 | €328,143 | €214,098 | €64,999 | ▼ 69.6% |
| Amounts payable within one year42/48 | €264,125 | €206,204 | €214,098 | €64,999 | ▼ 69.6% |
| Current portion of amounts payable after more than one year42 | €0 | - | - | - | - |
| Trade debts44 | €85,237 | €73,721 | €40,754 | €16,945 | ▼ 58.4% |
| Suppliers440/4 | €85,237 | €73,721 | €40,754 | €16,945 | ▼ 58.4% |
| Taxes, remuneration and social security45 | €3,683 | €34,826 | €37,720 | €44,854 | ▲ 18.9% |
| Taxes450/3 | €517 | €6,124 | €6,501 | €5,935 | ▼ 8.7% |
| Remuneration and social security454/9 | €3,166 | €28,702 | €31,219 | €38,919 | ▲ 24.7% |
| Accrued charges and deferred income492/3 | €188,218 | €121,939 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100 | €2,608 | -€126,088 | -€17,454 | ▲ 86.2% |
| + Depreciation and write-downs630 | - | €1,014 | €1,014 | €976 | ▼ 3.8% |
| Operating cash flow (approximation) | €100 | €3,622 | -€125,074 | -€16,478 | ▲ 86.8% |
| Investment in fixed assets (approximation) | - | -€3,043 | €0 | €7 | - |
| Change in cash | - | -€120,677 | -€317,336 | -€172,160 | ▲ 45.7% |
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
28-11
State Gazette act
Appointments: Sybren Devoghel, Eva Verbist and 3 othersResignation: Frank Foulon (algemeen directeur, belast met het dagelijks bestuur) · Approval · Director discharge19 facts ▸
- General meeting, 18-06-2025
- Approval, jaarrekening, 2024
- Approval, begroting
- Director discharge, Exchange
- Director appointment, Sybren Devoghel (algemeen directeur, belast met het dagelijks bestuur)
- Director resignation, Frank Foulon (algemeen directeur, belast met het dagelijks bestuur)
- Director appointment, Eva Verbist (director)
- Director appointment, Claudine Aelvoet (director)
- Director appointment, Hans Diels (director)
- Director appointment, Johan Stessens (director)
- Board composition, Etion Synergia vzw (director)
- Board composition, UNIZO vzw (director)
- +7 further facts in this act
22-07
State Gazette act
Statutes amendment2 facts ▸
- General meeting, 13-12-2023
- Statutes amendment
14-10
State Gazette act
Resignations: Karel Huysmans (director) and CPP Incofin cvso (director)Appointment: Frank Foulon (day-to-day manager) · Approval · Director discharge12 facts ▸
- Board meeting, 03-04-2024
- General meeting, 20-06-2024
- Approval, jaarrekening, 2023
- Approval, begroting
- Director discharge, Exchange
- Director resignation, Karel Huysmans (director)
- Director resignation, CPP Incofin cvso (director)
- Board composition, Etion Synergia vzw (director)
- Board composition, UNIZO vzw (director)
- Board composition, Boerenbond vennootschap (director)
- Board composition, Dirk Van der Stede (director)
- Director appointment, Frank Foulon (day-to-day manager)
07-11
State Gazette act
Resignation: Dirk Vyncke (chair)Appointment: Dirk Van Der Stede (chair) · Approval · Director discharge13 facts ▸
- General meeting, 13-02-2023
- Director resignation, Dirk Vyncke (chair)
- Director appointment, Dirk Van Der Stede (chair)
- General meeting, 22-06-2023
- Approval, jaarrekening, 2022
- Approval, begroting
- Director discharge, Exchange
- Board composition, Dirk Van Der Stede (chair)
- Board composition, Etion Synergia vzw (director)
- Board composition, Incofin cvso (director)
- Board composition, UNIZO vzw (director)
- Board composition, Karel Huysmans (director)
- +1 further facts in this act
16-08
State Gazette act
Reappointment: BV VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Bart Roose · Approval · Director discharge13 facts ▸
- General meeting, 22-06-2022
- Approval, jaarrekening, 2021
- Approval, begroting
- Director discharge, Exchange (bestuurders)
- Director discharge, BV VGD Bedrijfsrevisoren (statutory auditor)
- Auditor reappointment, BV VGD Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Bart Roose
- Board composition, Dirk Vyncke (chair)
- Board composition, Etion Synergia vzw (director)
- Board composition, CPP-Incofin cvso (director)
- Board composition, UNIZO vzw (director)
- Board composition, Karel Huysmans (director)
- +1 further facts in this act
Show earlier events
17-09
State Gazette act
Resignation: Wim Beazar (director)Permanent representatives: Gino Vijncke, Henri Vansweevelt and 2 others · Approval · Director discharge16 facts ▸
- General meeting, 17-06-2021
- Approval, jaarrekening, 2020
- Approval, begroting
- Director discharge, EXchange
- Auditor discharge, 2020
- Director resignation, Wim Beazar (director)
- Board composition, Dirk Vyncke (chair)
- Board composition, Etion Synergia vzw (director)
- Permanent representative, Gino Vijncke
- Board composition, CPP-Incofin cvso (director)
- Permanent representative, Henri Vansweevelt
- Board composition, UNIZO vzw (director)
- +4 further facts in this act
01-09
State Gazette act
Reappointments: Dirk Vyncke, Etion Synergia vzw and 5 othersApproval · Director discharge · Statutes amendment26 facts ▸
- General meeting, 23-06-2020
- Approval, jaarrekening, 2019
- Approval, begroting
- Director discharge, Dirk Vyncke
- Director discharge, Etion Synergia vzw
- Director discharge, CPP-Incofin cvso
- Director discharge, UNIZO vzw
- Director discharge, Wim Beazar
- Director discharge, Karel Huysmans
- Director discharge, Boerenbond vennootschap
- Director discharge, statutory auditor
- Board composition, Dirk Vyncke (chair)
- +14 further facts in this act
23-03
State Gazette act
Resignations: EY Bedrijfsrevisoren BCVBA, Jean Marie Boulogne and SCV - Senior Consultants VlaanderenReappointment: VGD bedrijfsrevisoren (statutory auditor) · Appointments: Gino Vijncke (permanent representative) and Thomas Pirard (permanent representative) · Approval19 facts ▸
- General meeting, 18/06/2019
- Approval, jaarrekening, 2018
- Approval, begroting
- Director discharge, Exchange (bestuurders)
- Director discharge, EY Bedrijfsrevisoren BCVBA (statutory auditor)
- Director resignation, EY Bedrijfsrevisoren BCVBA (statutory auditor)
- Auditor reappointment, VGD bedrijfsrevisoren
- Director resignation, Jean Marie Boulogne (permanent representative)
- Director resignation, SCV - Senior Consultants Vlaanderen (director)
- Director appointment, Gino Vijncke (permanent representative)
- Director appointment, Thomas Pirard (permanent representative)
- Board composition, Dirk Vyncke (chair)
- +7 further facts in this act
13-11
State Gazette act
Permanent representatives: Paul Goovaerts and Ghislain De NaeyerApproval · Director discharge13 facts ▸
- General meeting, 06-06-2018
- Approval, 2017
- Director discharge, Exchange
- Permanent representative, Paul Goovaerts (permanent representative)
- Permanent representative, Ghislain De Naeyer (permanent representative)
- Board composition, Dirk Vyncke (chair)
- Board composition, Etion Synergia vzw (director)
- Board composition, CPP-Incofin cvso (director)
- Board composition, UNIZO vzw (director)
- Board composition, Wim Beazar (director)
- Board composition, Karel Huysmans (director)
- Board composition, Boerenbond vennootschap (director)
- +1 further facts in this act
27-04
State Gazette act
Appointment: Frank Foulon (algemeen directeur)Resignation: Vlaamse Ingenieurskamer (director) · Reappointment: EY Bedrijfsrevisoren BCVBA (statutory auditor) · Approval17 facts ▸
- Board meeting, 21-06-2017
- Director appointment, Frank Foulon (algemeen directeur)
- General meeting, 21-06-2017
- Approval, 31-12-2016
- Approval, begroting
- Director discharge, Exchange (bestuurders)
- Director resignation, Vlaamse Ingenieurskamer (director)
- Board composition, Dirk Vyncke (chair)
- Board composition, Etion Synergía vzw (vice-chair)
- Board composition, CPP-Incofin cvso (director)
- Board composition, UNIZO vzw (director)
- Board composition, Wim Beazar (director)
- +5 further facts in this act
13-10
State Gazette act
Resignation: R. Vanden Berk (director)Approval · Director discharge13 facts ▸
- General meeting, 06-06-2016
- Approval, 2015
- Director discharge, VZw Exchange, Vlaams Uitzendplatform voor Experts
- Director resignation, R. Vanden Berk (director)
- Board composition, Dirk Vyncke (chair)
- Board composition, VKW Synergia vzw (vice-chair)
- Board composition, CPP-Incofin cvso (director)
- Board composition, Vlaamse Ingenieurskamer (director)
- Board composition, UNIZO vzw (director)
- Board composition, Wim Beazar (director)
- Board composition, Karel Huysmans (director)
- Board composition, Boerenbond vennootschap (director)
- +1 further facts in this act
23-07
State Gazette act
Reappointments: Ernst & Young bedrijfsrevisoren BCVBA (statutory auditor) and VZw Exchange, Vlaams Uitzendplatform voor Experts (director)Permanent representative: Tuma Ömer · Resignation: VZw Exchange, Vlaams Uitzendplatform voor Experts (director) · Approval18 facts ▸
- General meeting, 11-06-2015
- Approval, 31-12-2014
- Approval, begroting
- Director discharge, VZw Exchange, Vlaams Uitzendplatform voor Experts (bestuurders)
- Director discharge, Ernst & Young bedrijfsrevisoren BCVBA (statutory auditor)
- Auditor reappointment, Ernst & Young bedrijfsrevisoren BCVBA
- Permanent representative, Tuma Ömer
- Director resignation, VZw Exchange, Vlaams Uitzendplatform voor Experts (director)
- Director reappointment, VZw Exchange, Vlaams Uitzendplatform voor Experts (director)
- Board composition, Dirk Vyncke (chair)
- Board composition, VKW Synergia vzw (vice-chair)
- Board composition, CPP-Incofin cvso (director)
- +6 further facts in this act
29-12
State Gazette act
Resignations: Roger Sylvain Ysebaert (director) and Rik Jaeken (director)Appointments: Goovaerts Paul (director) and Rik Van de Berk (director) · Approval · Director discharge17 facts ▸
- General meeting, 05-06-2014
- Approval, 31-12-2013
- Approval, begroting
- Director discharge, VZw EX-CHANGE, Vlaams Uitzendplatform voor Experts
- Director resignation, Roger Sylvain Ysebaert (director)
- Director appointment, Goovaerts Paul (director)
- Director resignation, Rik Jaeken (director)
- Director appointment, Rik Van de Berk (director)
- Board composition, Dirk Vyncke (chair)
- Board composition, VKW Synergia vzw (director)
- Board composition, CPP-Incofin cvso (director)
- Board composition, Vlaamse Ingenieurskamer (director)
- +5 further facts in this act
09-12
State Gazette act
BenamingName change2 facts ▸
- General meeting, 16-10-2014
- Name change, Exchange
10-07
State Gazette act
Reappointment: Walter Van den Brande (commissaris: revisor)Approval · Director discharge · Statutes amendment6 facts ▸
- General meeting, 25-04-2013
- Approval, jaarrekening, 2012
- Approval, begroting
- Director discharge, Ex-Change, Vlaams Uitzendplatform voor Experts
- Auditor reappointment, Walter Van den Brande (commissaris: revisor)
- Statutes amendment
26-04
State Gazette act
Appointments: Dirk Vyncke, VKW Synergia and 8 othersPermanent representatives: Denise De Vliegher, Henri Alphonse Felix G. Vansweevelt and 4 others · Resignations: Leo Wezenbeek, Walter Marcel J.Vandepitte and 2 others21 facts ▸
- General meeting, 26-04-2011
- Director appointment, Dirk Vyncke (chair)
- Director appointment, VKW Synergia (vice-chair)
- Permanent representative, Denise De Vliegher
- Director appointment, CPP-INCOFIN (secretary)
- Permanent representative, Henri Alphonse Felix G. Vansweevelt
- Director appointment, Vlaamse Ingenieurskamer (treasurer)
- Permanent representative, Rik Jaeken
- Director resignation, Leo Wezenbeek (treasurer)
- Director appointment, Unie van Zelfstandige Ondernemers UNIZO (director)
- Permanent representative, Jean Marie B Boulogne
- Director appointment, Wim Beazar (director)
- +9 further facts in this act
16-07
State Gazette act
Resignations: Leo Antonissen (secretary) and Denise Marie J. De Vlieger (director)Appointments: Boerenbond, CPR-Ipsosfin and 8 others13 facts ▸
- General meeting, 24-04-2008
- Director resignation, Leo Antonissen (secretary)
- Director resignation, Denise Marie J. De Vlieger (director)
- Director appointment, Boerenbond (director)
- Director appointment, CPR-Ipsosfin (managing director)
- Director appointment, Frans Florquin (director)
- Director appointment, Karel Fransiscus Rosa Huysmans (ere voorzitter)
- Director appointment, Senior Consultants Vlaanderen (treasurer)
- Director appointment, Unie van Zelfstandige Ondernemers UNIZO (director)
- Director appointment, VKW Synergia (secretary)
- Director appointment, Vlaamse Ingenieurskamer (vice-chair)
- Director appointment, VOKA - Vlaams Economisch Verbond (director)
- +1 further facts in this act
Directors · office · real estate
Board 5
10 not recently confirmed
Day-to-day management 1
1 not recently confirmed
Permanent representatives 6
Statutory auditor 1
Other functions 4
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0041/00W000 | Flanders | 1.5 ha | 1 · 3,529 m² | 16.4 m · 4 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Permanent representative
- Statutory auditor
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Dirk Van Der Stede |
|
| Claudine Aelvoet |
|
| Eva Verbist |
|
| Hans Diels |
|
| Johan Stessens |
|
| Sybren Devoghel |
|
| VGD Bedrijfsrevisoren BV |
|
| SENIOR CONSULTANTS VLAANDEREN |
|
| Unie van Zelfstandige Ondernemers |
|
| VLAAMS ECONOMISCH VERBOND |
|
| VKW Synergia |
|
| Paul Goovaerts |
|
| Rik Van de Berk |
|
| Boerenbond vennootschap |
|
| CPP-Incofin cvso |
|
| Etion Synergia vzw |
|
| UNIZO vzw |
|
| Incofin Microfinance Fund |
|
| Gino Vijncke |
|
| Thomas Pirard |
|
| ETION Synergia |
|
| Frank Foulon |
|
| Karel Franciscus Rosa Huysmans |
|
| Dirk Vyncke |
|
| Wim Beazar |
|
| Ernst & Young Bedrijfsrevisoren BCVBA |
|
| Jean Marie Boulogne |
|
| SCV - Senior Consultants Vlaanderen |
|
| Walter Van den Brande |
|
| Vlaamse Ingenieurskamer |
|
| R. Vanden Berk |
|
| Rik Jaeken |
|
| Roger Sylvain Ysebaert |
|
| Jan Pals |
|
| Frans Florquin |
|
| Leo Wezenbeek |
|
| Marcel Lucien Lambrecht |
|
| Walter Marcel J.Vandepitte |
|
| Denise De Vliegher |
|
| Leo Antonissen |
|
Articles of association
Full purpose
In het kader van de Duurzaamheidsdoelstellingen (Sustainable Development Goals) van de Verenigde Naties en meer specifiek SDG-8 'Eerlijk werk en economische groei' en SDG-17 'Werken in partnerschap', stelt de vereniging zich als belangeloos doel het bevorderen van het groeipotentieel en de economische zelfredzaamheid van privéondermemingen, gevestigd in landen in het Globale Zuiden waarmee een Vlaams of Federaal kader voor ontwikkelingssamenwerking bestaat.
Structure & network
Connections & network
12 connected companiesShow 8 more companies with a shared director
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,350,000 EUR awarded · 810,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 450,000 EUR |
| 2024 | 1 | 0 EUR | 360,000 EUR |
| 2023 | 1 | 1,350,000 EUR | 0 EUR |
Federal government
2023 to 2024 · 2 entries · 240,000 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FOD Buitenlandse Zaken | 1 | 60,000 EUR |
| 2023 | FOD Buitenlandse Zaken | 1 | 180,000 EUR |
Similar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.