EXECUTAS
ActiveSummary
EXECUTAS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€12,979) and a net result of €18,696. Equity is growing by ~45.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Financials · fiscal year 2025, micro schema
2023 to 2025, 3 fiscal years
The operating result has risen two years in a row; 2025 is 91% 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,018 companies that looked in July 2024 the way this one looks now, 6.5% went bankrupt within 24 months and 89% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.2% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,018 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,061 | €6,365 | €7,705 | ▲ 21.0% |
| Other operating charges640/8 | €1,404 | - | €5,720 | - |
| Non-recurring operating charges66A | €6,218 | - | - | - |
| Gross operating margin9900 | -€2,018 | €16,430 | €32,638 | ▲ 98.6% |
| Operating profit (loss)9901 | -€42,701 | €10,065 | €19,213 | ▲ 90.9% |
| Financial charges65/66B | - | €39 | €516 | ▲ 1,224% |
| Recurring financial charges65 | - | €39 | €516 | ▲ 1,224% |
| Profit (loss) for the period before taxes9903 | -€42,701 | €10,026 | €18,696 | ▲ 86.5% |
| Profit (loss) for the period9904 | -€42,701 | €10,026 | €18,696 | ▲ 86.5% |
| Profit (loss) for the period to be appropriated9905 | -€42,701 | €10,026 | €18,696 | ▲ 86.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €207,809 | €218,834 | €233,531 | ▲ 6.7% |
| Fixed assets21/28 | €206,809 | €218,542 | €216,292 | ▼ 1.0% |
| Tangible fixed assets22/27 | €206,809 | €218,542 | €216,292 | ▼ 1.0% |
| Land and buildings22 | €206,809 | €201,081 | €195,354 | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €17,461 | €20,939 | ▲ 19.9% |
| Current assets29/58 | €1,000 | €293 | €17,238 | ▲ 5,793% |
| Cash at bank and in hand54/58 | €1,000 | €293 | €17,238 | ▲ 5,793% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €207,809 | €218,834 | €233,531 | ▲ 6.7% |
| Equity10/15 | -€41,701 | -€31,675 | -€12,979 | ▲ 59.0% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€42,701 | -€32,675 | -€13,979 | ▲ 57.2% |
| Amounts payable17/49 | €249,510 | €250,510 | €246,510 | ▼ 1.6% |
| Amounts payable after more than one year17 | €249,510 | €250,510 | €246,510 | ▼ 1.6% |
| Financial debts170/4 | €249,510 | €250,510 | €246,510 | ▼ 1.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,701 | €10,026 | €18,696 | ▲ 86.5% |
| + Depreciation and write-downs630 | €33,061 | €6,365 | €7,705 | ▲ 21.0% |
| Operating cash flow (approximation) | -€9,640 | €16,391 | €26,401 | ▲ 61.1% |
| Investment in fixed assets (approximation) | - | -€18,098 | -€5,455 | ▲ 69.9% |
| Change in cash | - | -€708 | €16,946 | ▲ 2,495% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.