Summary
EXECO 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 €360,617 and a net result of €53,588. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 81% of 2992 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Risk and damage evaluation
NACE 66210
#4 oldest company in Tielt-Winge, Finance and insurance sector1 site
Size
€439,510total assets 2025
- Equity
- €360,617
- Profit
- €53,588
Turnover not published (abridged schema)
Financial health
Financial institution: outside the modelProbability: sector outside the model
Structure
Accounts 58 d early0 of 1 deed read
SignalsLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
70 d early
2023
63 d early
2022
83 d early
2021
93 d early
2020
36 d early
2019
31 d early
← 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 62 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 39% of the sector filed late.
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. Usually files around 22 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2018net €53,588 ▲14.2%
- Annual accounts filedfiscal year 2024 · micro…
Financials · fiscal year 2025, micro schema
In the rankings
#4 oldest company in Tielt-Winge, Finance and insurance sector#8 company by equity in Tielt-Winge, Finance and insurance sector
Equity
€360,617▲ 8.7%
2024 · €331,811
Net result
€53,588▲ 14.2%
2024 · €46,928
Total assets
€439,510▲ 7.4%
2024 · €409,221
Solvency
82.0%▲ 1.0pp
2024 · 81.1%
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 13% above 2024 and is the highest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€77,052
2025
Net result€53,588
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€439,510
2025
Equity€360,617
2025
Debt€22,742
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€240,985
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)12.2%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency82.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio11.60
2025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€55,408-€35,555▼ 35.8%€64,562▲ 81.6%€58,342▼ 9.6%€23,232▼ 60.2%€49,145▲ 112%€68,340▲ 39.1%€77,052▲ 12.7%
Net result€38,696-€24,782▼ 36.0%€47,391within the sector's middle half▲ 91.2%€39,600within the sector's middle half▼ 16.4%€14,342within the sector's middle half▼ 63.8%€29,972within the sector's middle half▲ 109%€46,928within the sector's middle half▲ 56.6%€53,588within the sector's middle half▲ 14.2%
Equity€297,018-€321,800▲ 8.3%€369,191above the sector's middle half▲ 14.7%€340,621above the sector's middle half▼ 7.7%€330,098above the sector's middle half▼ 3.1%€341,470above the sector's middle half▲ 3.4%€331,811within the sector's middle half▼ 2.8%€360,617above the sector's middle half▲ 8.7%
Total assets€368,052-€384,796▲ 4.5%€443,582within the sector's middle half▲ 15.3%€414,273within the sector's middle half▼ 6.6%€400,732within the sector's middle half▼ 3.3%€406,085within the sector's middle half▲ 1.3%€409,221within the sector's middle half▲ 0.8%€439,510within the sector's middle half▲ 7.4%
Debt€14,883-€6,845▼ 54.0%€18,240▲ 166%€17,500▼ 4.1%€14,483▼ 17.2%€8,464▼ 41.6%€21,258▲ 151%€22,742▲ 7.0%
Working capital€134,873-€170,066▲ 26.1%€229,242above the sector's middle half▲ 34.8%€212,137above the sector's middle half▼ 7.5%€211,513above the sector's middle half▼ 0.3%€188,100above the sector's middle half▼ 11.1%€195,308above the sector's middle half▲ 3.8%€240,985above the sector's middle half▲ 23.4%
Solvency80.7%-83.6%▲ 2.9pp83.2%above the sector's middle half▼ 0.4pp82.2%above the sector's middle half▼ 1.0pp82.4%above the sector's middle half▲ 0.2pp84.1%above the sector's middle half▲ 1.7pp81.1%above the sector's middle half▼ 3.0pp82.0%above the sector's middle half▲ 1.0pp
Current ratio10.06-25.84▲ 15.7813.57above the sector's middle half▼ 12.2813.12above the sector's middle half▼ 0.4515.60above the sector's middle half▲ 2.4823.22above the sector's middle half▲ 7.6210.19above the sector's middle half▼ 13.0411.60above the sector's middle half▲ 1.41
Return on assets (ROA)10.5%-6.4%▼ 4.1pp10.7%within the sector's middle half▲ 4.2pp9.6%within the sector's middle half▼ 1.1pp3.6%within the sector's middle half▼ 6.0pp7.4%within the sector's middle half▲ 3.8pp11.5%within the sector's middle half▲ 4.1pp12.2%within the sector's middle half▲ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439,510
Fixed assets
€175,784 ▼ 8.8%
Current assets
€263,726 ▲ 21.8%
Equity and liabilities €439,510
Equity
€360,617 ▲ 8.7%
Provisions
€56,151 =
Debt
€22,742 ▲ 7.0%
Debt's share of the balance-sheet total stays at 5.2%.
Key figures and ratios
ROE
14.9%▲
2024 · 14.1%
Debt ≤ 1 year
€22,742▲
2024 · €21,258
Income taxes
€23,626▲
2024 · €21,811
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,682 | €12,695 | €11,785 | €11,464 | €11,394 | €7,377 | €16,867 | €16,870 | = |
| Other operating charges640/8 | - | - | - | €168 | - | €1,416 | - | - | - |
| Gross operating margin9900 | €68,961 | €48,812 | €76,459 | €69,974 | €34,626 | €57,938 | €85,207 | €93,923 | ▲ 10.2% |
| Operating profit (loss)9901 | €55,408 | €35,555 | €64,562 | €58,342 | €23,232 | €49,145 | €68,340 | €77,052 | ▲ 12.7% |
| Financial income75/76B | - | - | - | - | €0 | €335 | €483 | €783 | ▲ 62.1% |
| Recurring financial income75 | €144 | €7 | €747 | - | €0 | €335 | €483 | €783 | ▲ 62.1% |
| Financial charges65/66B | - | - | - | €230 | €39 | €44 | €83 | €622 | ▲ 646% |
| Recurring financial charges65 | €707 | €335 | €305 | €230 | €39 | €44 | €83 | €622 | ▲ 646% |
| Profit (loss) for the period before taxes9903 | €54,845 | €35,228 | €65,004 | €58,112 | €23,193 | €49,435 | €68,740 | €77,214 | ▲ 12.3% |
| Income taxes67/77 | €16,149 | €10,446 | €17,613 | €18,512 | €8,852 | €19,463 | €21,811 | €23,626 | ▲ 8.3% |
| Profit (loss) for the period9904 | €38,696 | €24,782 | €47,391 | €39,600 | €14,342 | €29,972 | €46,928 | €53,588 | ▲ 14.2% |
| Profit (loss) for the period to be appropriated9905 | €38,696 | €24,782 | €47,391 | €39,600 | €14,342 | €29,972 | €46,928 | €53,588 | ▲ 14.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €368,052 | €384,796 | €443,582 | €414,273 | €400,732 | €406,085 | €409,221 | €439,510 | ▲ 7.4% |
| Fixed assets21/28 | €218,297 | €207,886 | €196,100 | €184,636 | €174,736 | €209,521 | €192,655 | €175,784 | ▼ 8.8% |
| Tangible fixed assets22/27 | €218,297 | €207,886 | €196,100 | €184,636 | €174,736 | €209,521 | €192,655 | €175,784 | ▼ 8.8% |
| Land and buildings22 | - | - | - | €179,448 | €173,530 | €167,611 | €161,692 | €155,773 | ▼ 3.7% |
| Plant, machinery and equipment23 | - | - | - | - | - | €873 | €439 | - | - |
| Furniture and vehicles24 | - | - | - | €5,188 | €1,207 | €41,037 | €30,524 | €20,011 | ▼ 34.4% |
| Current assets29/58 | €149,755 | €176,911 | €247,482 | €229,636 | €225,995 | €196,563 | €216,567 | €263,726 | ▲ 21.8% |
| Amounts receivable within one year40/41 | €17,077 | €48,095 | €100,129 | €71,834 | €90,076 | €117,229 | €108,152 | €109,645 | ▲ 1.4% |
| Trade receivables40 | - | - | - | €8,155 | €7,046 | €6,010 | €8,043 | €5,183 | ▼ 35.6% |
| Other amounts receivable41 | - | - | - | €63,679 | €83,030 | €111,218 | €100,110 | €104,462 | ▲ 4.3% |
| Cash at bank and in hand54/58 | €132,678 | €128,815 | €147,353 | €157,802 | €135,920 | €79,335 | €108,414 | €154,081 | ▲ 42.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €368,052 | €384,796 | €443,582 | €414,273 | €400,732 | €406,085 | €409,221 | €439,510 | ▲ 7.4% |
| Equity10/15 | €297,018 | €321,800 | €369,191 | €340,621 | €330,098 | €341,470 | €331,811 | €360,617 | ▲ 8.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €278,418 | €303,200 | €350,591 | €322,021 | €311,498 | €341,470 | €331,811 | €360,617 | ▲ 8.7% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €320,161 | €309,638 | €339,610 | €329,951 | €358,757 | ▲ 8.7% |
| Provisions and deferred taxes16 | €56,151 | €56,151 | €56,151 | €56,151 | €56,151 | €56,151 | €56,151 | €56,151 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €56,151 | €56,151 | €56,151 | €56,151 | €56,151 | = |
| Pensions and similar obligations160 | - | - | - | €56,151 | €56,151 | €56,151 | €56,151 | €56,151 | = |
| Amounts payable17/49 | €14,883 | €6,845 | €18,240 | €17,500 | €14,483 | €8,464 | €21,258 | €22,742 | ▲ 7.0% |
| Amounts payable within one year42/48 | €14,883 | €6,845 | €18,240 | €17,500 | €14,483 | €8,464 | €21,258 | €22,742 | ▲ 7.0% |
| Trade debts44 | €8,743 | €3,869 | €2,539 | €1,675 | €304 | €564 | €233 | €7,609 | ▲ 3,166% |
| Suppliers440/4 | - | - | - | €1,675 | €304 | €564 | €233 | €7,609 | ▲ 3,166% |
| Taxes, remuneration and social security45 | - | - | - | €15,825 | €14,179 | €7,900 | €21,025 | €15,132 | ▼ 28.0% |
| Taxes450/3 | - | - | - | €15,825 | €14,179 | €7,900 | €21,025 | €15,132 | ▼ 28.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,696 | €24,782 | €47,391 | €39,600 | €14,342 | €29,972 | €46,928 | €53,588 | ▲ 14.2% |
| + Depreciation and write-downs630 | €12,682 | €12,695 | €11,785 | €11,464 | €11,394 | €7,377 | €16,867 | €16,870 | = |
| Operating cash flow (approximation) | €51,378 | €37,477 | €59,176 | €51,064 | €25,736 | €37,349 | €63,795 | €70,458 | ▲ 10.4% |
| Investment in fixed assets (approximation) | - | -€2,284 | €0 | €0 | -€1,494 | -€42,162 | €0 | €0 | - |
| Change in cash | - | -€3,863 | €18,537 | €10,449 | -€21,882 | -€56,585 | €29,080 | €45,667 | ▲ 57.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 854 companies in this sector we hold annual accounts for 524. 400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €53,588 ▲14.2%
Operating result €77,052, net result €53,588, both a record.
22-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €14,342 ▼63.8%
Net result drops to €14,342, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 25.84
Current ratio from 10.06 to 25.84; short-term debt falls from €14,883 to €6,845.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded01-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
66210Risk and damage evaluation
66290Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808271801
Also
9925:BE0808271801
Registered
23-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 4 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Tielt-Winge · 1 establishment unit since 2008
Ground area
9,682 m²
Building footprint
423 m²
Volume, LiDAR
1,903 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Execo
since 2008unit no. 2.175.230.740
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24106C0547/00P000 | Flanders | 8,636 m² | 1 · 285 m² | 6.3 m · 1 fl. |
| 24106C0205/00H002 | Flanders | 1,046 m² | 1 · 138 m² | 9.2 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.