Summary
EXDEPO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €23k and a net result of €1k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 2444 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
45 d late
2024
31 d early
2023
49 d early
2022
20 d early
2021
10 d early
2020
23 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 5.4%
2024 · €22k
2018: €30khighest in 8 years
2019: €28k▼ -8.9% vs 2018
2020: €24k▼ -11.5% vs 2019
2021: €18k▼ -24.3% vs 2020
2022: €17k▼ -5.3% vs 2021lowest in 8 years
2023: €23k▲ +30.2% vs 2022
2024: €22k▼ -5.0% vs 2023
2025: €23k▲ +5.4% vs 2024
2018 → 2025
Net result
€1k
2024 · €-1k
2018: €-2k
2019: €-3k▼ -52.0% vs 2018lowest in 8 years
2020: €17k▲ +723% vs 2019highest in 8 years
2021: €12k▼ -28.2% vs 2020
2022: €-987▼ -108% vs 2021
2023: €5k▲ +634% vs 2022
2024: €-1k▼ -122% vs 2023
2025: €1k▲ +203% vs 2024
2018 → 2025
Total assets
€62k▼ 14.8%
2024 · €73k
2018: €169khighest in 8 years
2019: €153k▼ -9.1% vs 2018
2020: €152k▼ -0.7% vs 2019
2021: €126k▼ -17.2% vs 2020
2022: €94k▼ -25.1% vs 2021
2023: €81k▼ -14.0% vs 2022
2024: €73k▼ -9.9% vs 2023
2025: €62k▼ -14.8% vs 2024lowest in 8 years
2018 → 2025
Solvency
36.6%▲ 7.0pp
2024 · 29.6%
2018: 17.9%
2019: 18.0%▲ +0.2% vs 2018
2020: 16.0%▼ -10.9% vs 2019
2021: 14.7%▼ -8.5% vs 2020lowest in 8 years
2022: 18.5%▲ +26.4% vs 2021
2023: 28.0%▲ +51.3% vs 2022
2024: 29.6%▲ +5.5% vs 2023
2025: 36.6%▲ +23.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€17k▼ 5.3%€23k▲ 30.2%€22k▼ 5.0%€23k▲ 5.4%
2021: €18k
2022: €17k▼ -5.3% vs 2021lowest in 5 years
2023: €23k▲ +30.2% vs 2022
2024: €22k▼ -5.0% vs 2023
2025: €23k▲ +5.4% vs 2024highest in 5 years
Operating result€23k-€1k▼ 94.0%€11k▲ 721%€988▼ 91.3%€3k▲ 182%
2021: €23khighest in 5 years
2022: €1k▼ -94.0% vs 2021
2023: €11k▲ +721% vs 2022
2024: €988▼ -91.3% vs 2023lowest in 5 years
2025: €3k▲ +182% vs 2024
Net result€12k-€-987€5k€-1k€1k
2021: €12khighest in 5 years
2022: €-987▼ -108% vs 2021
2023: €5k▲ +634% vs 2022
2024: €-1k▼ -122% vs 2023lowest in 5 years
2025: €1k▲ +203% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 182% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62k
Fixed assets
€45k ▼ 24.9%
Current assets
€17k ▲ 33.3%
Equity and liabilities €62k
Equity
€23k ▲ 5.4%
Debt
€40k ▼ 23.2%
Debt's share of the balance-sheet total falls from 70.4% to 63.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
5.1%▲
2024 · -5.2%
ROA
1.9%▲
2024 · -1.6%
Debt ≤ 1 year
€25k▼
2024 · €27k
Debt > 1 year
€15k▼
2024 · €25k
Income taxes
€215▼
2024 · €755
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 · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€73k€62k▼
Fixed assets21/28€60k€45k▼
Tangible fixed assets22/27€60k€45k▼
Land and buildings22€57k€42k▼
Plant, machinery and equipment23€440€96▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28-€250
Current assets29/58€13k€17k▲
Amounts receivable within one year40/41€11k€13k▲
Trade receivables40€10k€13k▲
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€775€3k▲
Deferred charges and accrued income490/1€429€370▼
Equity and liabilities
Total equity and liabilities10/49€73k€62k▼
Equity10/15€22k€23k▲
Contributions10/11€7k€7k=
Reserves13€15k€16k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€15k€16k▲
Amounts payable17/49€51k€40k▼
Amounts payable after more than one year17€25k€15k▼
Financial debts170/4€25k€15k▼
Amounts payable within one year42/48€27k€25k▼
Current portion of amounts payable after more than one year42€10k€10k▼
Financial debts43€7k€2k▼
Credit institutions430/8€7k€2k▼
Trade debts44€2k€7k▲
Suppliers440/4€2k€7k▲
Bills of exchange payable441€0-
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Other amounts payable47/48€5k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€17k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€21k€22k▲
Operating profit (loss)9901€988€3k▲
Financial income75/76B€2€96▲
Recurring financial income75€2€96▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-378€1k▲
Income taxes67/77€755€215▼
Profit (loss) for the period9904€-1k€1k▲
Profit (loss) for the period to be appropriated9905€-1k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€1k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€1k€0▼
Transfer to equity691/2€0€1k▲
To other reserves6921€0€1k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €15k | €11k | €17k | €17k | ▲ 1.1% |
| Other operating charges640/8 | €2k | €2k | €3k | €4k | €2k | ▼ 37.6% |
| Gross operating margin9900 | €40k | €19k | €25k | €21k | €22k | ▲ 3.1% |
| Operating profit (loss)9901 | €23k | €1k | €11k | €988 | €3k | ▲ 182% |
| Financial income75/76B | €25 | €24 | €119 | €2 | €96 | ▲ 4,812% |
| Recurring financial income75 | €25 | €24 | €119 | €2 | €96 | ▲ 4,812% |
| Financial charges65/66B | €2k | €2k | €2k | €1k | €2k | ▲ 10.2% |
| Recurring financial charges65 | €2k | €2k | €2k | €1k | €2k | ▲ 10.2% |
| Profit (loss) for the period before taxes9903 | €21k | €-309 | €9k | €-378 | €1k | ▲ 465% |
| Income taxes67/77 | €9k | €678 | €4k | €755 | €215 | ▼ 71.5% |
| Profit (loss) for the period9904 | €12k | €-987 | €5k | €-1k | €1k | ▲ 203% |
| Transfer from tax-exempt reserves789 | €15k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €27k | €-987 | €5k | €-1k | €1k | ▲ 203% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126k | €94k | €81k | €73k | €62k | ▼ 14.8% |
| Fixed assets21/28 | €96k | €88k | €77k | €60k | €45k | ▼ 24.9% |
| Tangible fixed assets22/27 | €96k | €88k | €77k | €60k | €45k | ▼ 25.3% |
| Land and buildings22 | €93k | €80k | €71k | €57k | €42k | ▼ 25.6% |
| Plant, machinery and equipment23 | €2k | €1k | €784 | €440 | €96 | ▼ 78.2% |
| Furniture and vehicles24 | €832 | €6k | €5k | €3k | €3k | ▼ 11.6% |
| Financial fixed assets28 | - | - | - | - | €250 | - |
| Current assets29/58 | €30k | €6k | €4k | €13k | €17k | ▲ 33.3% |
| Amounts receivable within one year40/41 | €3k | €5k | €3k | €11k | €13k | ▲ 15.5% |
| Trade receivables40 | €2k | €512 | €2k | €10k | €13k | ▲ 29.5% |
| Other amounts receivable41 | €56 | €4k | €1k | €1k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €26k | €773 | €773 | €775 | €3k | ▲ 323% |
| Deferred charges and accrued income490/1 | €1k | €791 | €492 | €429 | €370 | ▼ 13.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126k | €94k | €81k | €73k | €62k | ▼ 14.8% |
| Equity10/15 | €18k | €17k | €23k | €22k | €23k | ▲ 5.4% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves13 | €11k | €11k | €16k | €15k | €16k | ▲ 8.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €9k | €9k | €14k | €15k | €16k | ▲ 8.0% |
| Profit (loss) carried forward14 | - | €-987 | €0 | - | - | - |
| Amounts payable17/49 | €108k | €77k | €58k | €51k | €40k | ▼ 23.2% |
| Amounts payable after more than one year17 | €56k | €46k | €35k | €25k | €15k | ▼ 39.5% |
| Financial debts170/4 | €56k | €46k | €35k | €25k | €15k | ▼ 39.5% |
| Amounts payable within one year42/48 | €51k | €30k | €23k | €27k | €25k | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | €12k | €15k | €11k | €10k | €10k | ▼ 5.3% |
| Financial debts43 | €2k | €4k | €7k | €7k | €2k | ▼ 76.1% |
| Credit institutions430/8 | €2k | €4k | €7k | €7k | €2k | ▼ 76.1% |
| Trade debts44 | €2k | €3k | €3k | €2k | €7k | ▲ 234% |
| Suppliers440/4 | €2k | €3k | €2k | €2k | €7k | ▲ 234% |
| Bills of exchange payable441 | - | - | €1k | €0 | - | - |
| Advances received on contracts in progress46 | - | €620 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €16k | €6k | €2k | €3k | €3k | ▲ 14.0% |
| Taxes450/3 | €16k | €6k | €2k | €3k | €3k | ▲ 14.0% |
| Other amounts payable47/48 | €18k | €2k | €0 | €5k | €3k | ▼ 31.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €-987 | €5k | €-1k | €1k | ▲ 203% |
| + Depreciation and write-downs630 | €14k | €15k | €11k | €17k | €17k | ▲ 1.1% |
| Operating cash flow (approximation) | €26k | €14k | €16k | €15k | €18k | ▲ 16.1% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €0 | €-2k | - |
| Change in cash | - | €-26k | €0 | €2 | €3k | ▲ 139,791% |
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
Next filing, fiscal year 2026, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 45 days late
2025
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 1999
Ground area
3,182 m²
Building footprint
409 m²
Volume, LiDAR
1,989 m³
2 parcels, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gaverlandstraat 27, 9031 Gent
since 19992.093.502.597
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D1085/00N003 | Flanders | 2,403 m² | 1 · 229 m² | 9.3 m · 1 fl. |
| 44017D1085/00P003 | Flanders | 779 m² | 1 · 180 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 80 EUR awarded · 80 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 50 EUR | 50 EUR |
| 2022 | 1 | 30 EUR | 30 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,677 companies in sector 66220 we hold annual accounts for 3,221. 1,637 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
Founded29-10-1999
Fiscal year end31-12
Abbreviation NL
TWC
Trade name NL
DroneXplorer
Activities, NACEBEL 2025
66220Insurance agents and brokers
Scores and ratios are computed by Checked and are not a credit decision.