Exeable
ActiveSummary
The computed 12-month bankruptcy probability of Exeable is 1.6% (moderate). The 2025 annual accounts show equity of €62,053 and a net result of €12,579. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 18606 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-3
Solvency87▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.95 in 2024; short-term debt: 38% and cash: 30.5% of total assets), and 38.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.9%
Return on assets
12.6%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €62,053
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
9 d early
2024
1 d early
2023
1 d early
2022
on the day
2021
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€258,677
EBIT margin
4.5%
Net result
€12,579▲ 27.4%
2024 · €9,876
Working capital
€48,704▲ 47.0%
2024 · €33,128
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€258,677
Operating result€92,689-€11,583▼ 87.5%-€41,055€10,395€14,003▲ 34.7%
Net result€71,095above the sector's middle half-€5,823within the sector's middle half▼ 91.8%-€42,320below the sector's middle half€9,876within the sector's middle half€12,579within the sector's middle half▲ 27.4%
EBIT margin4.5%
Equity€76,095within the sector's middle half-€81,918within the sector's middle half▲ 7.7%€39,597within the sector's middle half▼ 51.7%€49,474within the sector's middle half▲ 24.9%€62,053within the sector's middle half▲ 25.4%
Total assets€115,813within the sector's middle half-€134,595within the sector's middle half▲ 16.2%€54,837below the sector's middle half▼ 59.3%€66,432within the sector's middle half▲ 21.1%€100,223within the sector's middle half▲ 50.9%
Debt€39,719-€52,678▲ 32.6%€15,239▼ 71.1%€16,958▲ 11.3%€38,170▲ 125%
Working capital€66,937within the sector's middle half-€58,146within the sector's middle half▼ 13.1%€20,571within the sector's middle half▼ 64.6%€33,128within the sector's middle half▲ 61.0%€48,704within the sector's middle half▲ 47.0%
Solvency65.7%above the sector's middle half-60.9%within the sector's middle half▼ 4.8pp72.2%above the sector's middle half▲ 11.3pp74.5%above the sector's middle half▲ 2.3pp61.9%within the sector's middle half▼ 12.6pp
Current ratio2.69within the sector's middle half-2.10within the sector's middle half▼ 0.582.35within the sector's middle half▲ 0.252.95above the sector's middle half▲ 0.602.28within the sector's middle half▼ 0.68
Return on assets (ROA)61.4%above the sector's middle half-4.3%within the sector's middle half▼ 57.1pp-77.2%below the sector's middle half▼ 81.5pp14.9%above the sector's middle half▲ 92.0pp12.6%within the sector's middle half▼ 2.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €100,223
Fixed assets
€13,394 ▼ 18.1%
Current assets
€86,829 ▲ 73.4%
Equity and liabilities €100,223
Equity
€62,053 ▲ 25.4%
Debt
€38,170 ▲ 125%
Debt's share of the balance-sheet total rises from 25.5% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16,955▲
2024 · €13,360
Cash flow
€15,531▲
2024 · €12,841
Debt to equity
0.62▲
2024 · 0.34
ROE
20.3%▲
2024 · 20.0%
Interest coverage
19.63▼
2024 · 83.63
Debt ≤ 1 year
€38,125▲
2024 · €16,958
Income taxes
€931▲
2024 · €381
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
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 26,970 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €258,677 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €251,761 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,398 | €4,072 | €4,744 | €2,965 | €2,952 | ▼ 0.4% |
| Other operating charges640/8 | - | €1,368 | €2,183 | €499 | €685 | ▲ 37.2% |
| Gross operating margin9900 | €98,351 | €17,023 | -€34,127 | €13,859 | €17,641 | ▲ 27.3% |
| Operating profit (loss)9901 | €92,689 | €11,583 | -€41,055 | €10,395 | €14,003 | ▲ 34.7% |
| Financial income75/76B | - | €0 | €0 | €22 | €371 | ▲ 1,564% |
| Recurring financial income75 | €5 | €0 | €0 | €22 | €371 | ▲ 1,564% |
| Financial charges65/66B | - | €1,980 | €813 | €160 | €864 | ▲ 441% |
| Recurring financial charges65 | €1,408 | €1,980 | €813 | €160 | €864 | ▲ 441% |
| Profit (loss) for the period before taxes9903 | €91,286 | €9,603 | -€41,867 | €10,258 | €13,511 | ▲ 31.7% |
| Income taxes67/77 | €20,192 | €3,780 | €453 | €381 | €931 | ▲ 144% |
| Profit (loss) for the period9904 | €71,095 | €5,823 | -€42,320 | €9,876 | €12,579 | ▲ 27.4% |
| Profit (loss) for the period to be appropriated9905 | €71,095 | €5,823 | -€42,320 | €9,876 | €12,579 | ▲ 27.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €115,813 | €134,595 | €54,837 | €66,432 | €100,223 | ▲ 50.9% |
| Fixed assets21/28 | €9,165 | €23,771 | €19,027 | €16,346 | €13,394 | ▼ 18.1% |
| Tangible fixed assets22/27 | €9,165 | €23,771 | €19,027 | €16,346 | €13,394 | ▼ 18.1% |
| Land and buildings22 | - | €16,622 | - | - | - | - |
| Furniture and vehicles24 | - | €7,149 | €4,072 | €2,779 | €1,523 | ▼ 45.2% |
| Other tangible fixed assets26 | - | - | €14,955 | €13,566 | €11,871 | ▼ 12.5% |
| Current assets29/58 | €106,648 | €110,824 | €35,810 | €50,086 | €86,829 | ▲ 73.4% |
| Amounts receivable within one year40/41 | €20,856 | €8,428 | €11,701 | €32,455 | €33,567 | ▲ 3.4% |
| Trade receivables40 | - | €8,428 | €11,615 | €32,416 | €33,480 | ▲ 3.3% |
| Other amounts receivable41 | - | - | €86 | €39 | €86 | ▲ 122% |
| Current investments50/53 | - | - | €5,000 | €10,022 | €18,052 | ▲ 80.1% |
| Cash at bank and in hand54/58 | €83,959 | €99,441 | €16,993 | €5,545 | €30,580 | ▲ 451% |
| Deferred charges and accrued income490/1 | - | €2,954 | €2,115 | €2,064 | €4,630 | ▲ 124% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €115,813 | €134,595 | €54,837 | €66,432 | €100,223 | ▲ 50.9% |
| Equity10/15 | €76,095 | €81,918 | €39,597 | €49,474 | €62,053 | ▲ 25.4% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €71,095 | €76,918 | €34,597 | €44,474 | €57,053 | ▲ 28.3% |
| Distributable reserves133 | - | €76,918 | €34,597 | €44,474 | €57,053 | ▲ 28.3% |
| Amounts payable17/49 | €39,719 | €52,678 | €15,239 | €16,958 | €38,170 | ▲ 125% |
| Amounts payable within one year42/48 | €39,712 | €52,678 | €15,239 | €16,958 | €38,125 | ▲ 125% |
| Financial debts43 | - | €989 | €726 | €617 | €3,607 | ▲ 484% |
| Credit institutions430/8 | - | €989 | - | - | - | - |
| Other loans439 | - | - | €726 | €617 | €3,607 | ▲ 484% |
| Trade debts44 | €3,537 | €20,321 | €4,528 | €8,472 | €20,996 | ▲ 148% |
| Suppliers440/4 | - | €20,321 | €4,528 | €8,472 | €20,996 | ▲ 148% |
| Taxes, remuneration and social security45 | - | €28,854 | €6,834 | €2,791 | €9,151 | ▲ 228% |
| Taxes450/3 | - | €21,354 | €6,834 | €2,791 | €9,151 | ▲ 228% |
| Remuneration and social security454/9 | - | €7,500 | €0 | - | - | - |
| Other amounts payable47/48 | - | €2,514 | €3,151 | €5,078 | €4,371 | ▼ 13.9% |
| Accrued charges and deferred income492/3 | - | - | - | - | €44 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €71,095 | €5,823 | -€42,320 | €9,876 | €12,579 | ▲ 27.4% |
| + Depreciation and write-downs630 | €4,398 | €4,072 | €4,744 | €2,965 | €2,952 | ▼ 0.4% |
| Operating cash flow (approximation) | €75,493 | €9,894 | -€37,576 | €12,841 | €15,531 | ▲ 21.0% |
| Investment in fixed assets (approximation) | - | -€18,678 | €0 | -€284 | €0 | ▲ 100% |
| Change in cash | - | €15,483 | -€82,448 | -€11,448 | €25,035 | ▲ 319% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €9,876
Net result €9,876 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€42,320
Net result drops to -€42,320, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-01
NBB filing
Annual accounts filed
fiscal year 2021 · 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Zwevegem · 1 establishment unit since 2019
Ground area
167 m²
Building footprint
253 m²
Volume, LiDAR
1,367 m³
Parcel 34042C0111/00D000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avelgemstraat(Z) 102, 8550 Zwevegem
since 20192.293.342.690
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042C0111/00D000 | Flanders | 167 m² | 1 · 253 m² | 11.1 m · 2 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.
Similar companies · same sector, comparable size
MOBILE TEC
BE 0889.533.748
Sint-Gillis (bij-Brussel) · Eq €61,840
FRAEYE HARDWARE GROUP
BE 0715.639.670
Oudenaarde · Eq €62,630
Asterisk
BE 0642.642.321
Duffel · Eq €62,673
COMPULED
BE 0882.370.891
Rochefort · Eq €62,697
BELGA EXPRESS
BE 0564.777.055
Beersel · Eq €62,751
Of 3,223 companies in sector 47400 we hold annual accounts for 1,808. 1,453 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
Founded18-09-2019
Fiscal year end30-06
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
47279Other retail sale of food
62100Computer programming
62200Computer consultancy and computer facilities management
86931Psychology services
86995Nutrition and dietetics services
95100Repair and maintenance of computers and communication equipment
Contact
Website
www.exeable.be
E-mail
bart.pappyn@exeable.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0734596242
Also
9925:BE0734596242
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.