EXEDOS
ActiveSummary
EXEDOS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €397,791 and a net result of €137,585. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 48% of 8966 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+25
Solvency78▲+15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.12 in 2023; short-term debt: 22.1% and cash: 8.3% of total assets), and 46.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
64 d late
2022
65 d late
2021
75 d late
2020
142 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 83 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€397,791▲ 52.9%
2023 · €260,206
Total assets
€746,180▲ 8.5%
2023 · €687,532
Net result
€137,585▲ 244%
2023 · €40,044
Working capital
€149,485▲ 402%
2023 · €29,749
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20202021202220232024
Operating result€25,650▼ 50.1%€53,342▲ 108%€78,731▲ 47.6%€86,326▲ 9.6%€206,139▲ 139%
Net result-€1,260within the sector's middle half€27,512within the sector's middle half€38,362within the sector's middle half▲ 39.4%€40,044within the sector's middle half▲ 4.4%€137,585above the sector's middle half▲ 244%
Equity€197,271above the sector's middle half▼ 0.6%€224,782above the sector's middle half▲ 13.9%€263,144above the sector's middle half▲ 17.1%€260,206above the sector's middle half▼ 1.1%€397,791above the sector's middle half▲ 52.9%
Total assets€760,015above the sector's middle half▲ 20.6%€617,685above the sector's middle half▼ 18.7%€612,032above the sector's middle half▼ 0.9%€687,532above the sector's middle half▲ 12.3%€746,180above the sector's middle half▲ 8.5%
Debt€562,744▲ 38.2%€392,903▼ 30.2%€348,888▼ 11.2%€427,326▲ 22.5%€348,389▼ 18.5%
Working capital€127,358▼ 13.5%€102,491▼ 19.5%€75,543▼ 26.3%€29,749▼ 60.6%€149,485▲ 402%
Solvency26.0%within the sector's middle half▼ 5.5pp36.4%within the sector's middle half▲ 10.4pp43.0%within the sector's middle half▲ 6.6pp37.8%within the sector's middle half▼ 5.1pp53.3%within the sector's middle half▲ 15.5pp
Staff (FTE)0.20.8▲ 300%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 139% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €746,180
Fixed assets
€431,599 ▲ 7.7%
Current assets
€314,581 ▲ 9.7%
Equity and liabilities €746,180
Equity
€397,791 ▲ 52.9%
Debt
€348,389 ▼ 18.5%
Debt's share of the balance-sheet total falls from 62.2% to 46.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€252,046▲
2023 · €131,070
Cash flow
€183,492▲
2023 · €84,787
Current ratio
1.91▲
2023 · 1.12
Quick ratio
1.87▲
2023 · 1.09
Debt to equity
0.88▼
2023 · 1.64
ROE
34.6%▲
2023 · 15.4%
ROA
18.4%▲
2023 · 5.8%
Interest coverage
15.47▲
2023 · 4.90
Debt ≤ 1 year
€165,097▼
2023 · €257,054
Debt > 1 year
€183,293▲
2023 · €170,272
Income taxes
€56,267▲
2023 · €23,187
Staff costs
€9,576▲
2023 · €808
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €808 | €9,576 | ▲ 1,085% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,660 | €31,441 | €29,804 | €44,744 | €45,907 | ▲ 2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€37 | - | - | - |
| Other operating charges640/8 | - | €8,923 | €7,923 | €2,459 | €2,897 | ▲ 17.8% |
| Gross operating margin9900 | €40,109 | €93,706 | €116,422 | €134,337 | €264,519 | ▲ 96.9% |
| Operating profit (loss)9901 | €25,650 | €53,342 | €78,731 | €86,326 | €206,139 | ▲ 139% |
| Financial income75/76B | - | €3,374 | €5,081 | €3,633 | €4,009 | ▲ 10.3% |
| Recurring financial income75 | €3,042 | €3,374 | €5,081 | €3,633 | €4,009 | ▲ 10.3% |
| Financial charges65/66B | - | €17,875 | €17,353 | €26,728 | €16,296 | ▼ 39.0% |
| Recurring financial charges65 | €29,534 | €17,875 | €17,353 | €26,728 | €16,296 | ▼ 39.0% |
| Profit (loss) for the period before taxes9903 | -€842 | €38,840 | €66,459 | €63,231 | €193,852 | ▲ 207% |
| Income taxes67/77 | €418 | €11,329 | €28,098 | €23,187 | €56,267 | ▲ 143% |
| Profit (loss) for the period9904 | -€1,260 | €27,512 | €38,362 | €40,044 | €137,585 | ▲ 244% |
| Profit (loss) for the period to be appropriated9905 | -€1,260 | €27,512 | €38,362 | €40,044 | €137,585 | ▲ 244% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €760,015 | €617,685 | €612,032 | €687,532 | €746,180 | ▲ 8.5% |
| Fixed assets21/28 | €375,545 | €373,736 | €396,577 | €400,729 | €431,599 | ▲ 7.7% |
| Tangible fixed assets22/27 | €373,980 | €371,246 | €395,701 | €399,852 | €430,723 | ▲ 7.7% |
| Land and buildings22 | - | €355,095 | €350,990 | €362,416 | €409,126 | ▲ 12.9% |
| Plant, machinery and equipment23 | - | €8,044 | €6,009 | €6,595 | €3,106 | ▼ 52.9% |
| Furniture and vehicles24 | - | €8,107 | €38,702 | €30,842 | €18,491 | ▼ 40.0% |
| Financial fixed assets28 | €1,565 | €2,490 | €876 | €876 | €876 | = |
| Current assets29/58 | €384,470 | €243,948 | €215,455 | €286,803 | €314,581 | ▲ 9.7% |
| Stocks and contracts in progress3 | €10,290 | €8,021 | €6,331 | €6,042 | €5,296 | ▼ 12.3% |
| Stocks30/36 | - | €8,021 | €6,331 | €6,042 | €5,296 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €373,415 | €233,383 | €183,352 | €276,676 | €247,308 | ▼ 10.6% |
| Trade receivables40 | - | €107,208 | €58,546 | €144,835 | €115,926 | ▼ 20.0% |
| Other amounts receivable41 | - | €126,174 | €124,805 | €131,840 | €131,382 | ▼ 0.3% |
| Cash at bank and in hand54/58 | - | €2,198 | €25,256 | €3,710 | €61,586 | ▲ 1,560% |
| Deferred charges and accrued income490/1 | - | €347 | €517 | €376 | €392 | ▲ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €760,015 | €617,685 | €612,032 | €687,532 | €746,180 | ▲ 8.5% |
| Equity10/15 | €197,271 | €224,782 | €263,144 | €260,206 | €397,791 | ▲ 52.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €44,842 | €71,842 | €110,202 | €107,220 | €207,220 | ▲ 93.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | €69,982 | - | - | - | - |
| Distributable reserves133 | - | - | €108,342 | €105,360 | €205,360 | ▲ 94.9% |
| Profit (loss) carried forward14 | €146,229 | €146,740 | €146,742 | €146,786 | €184,371 | ▲ 25.6% |
| Amounts payable17/49 | €562,744 | €392,903 | €348,888 | €427,326 | €348,389 | ▼ 18.5% |
| Amounts payable after more than one year17 | €305,632 | €251,445 | €208,977 | €170,272 | €183,293 | ▲ 7.6% |
| Financial debts170/4 | - | €251,445 | €208,977 | €170,272 | €183,293 | ▲ 7.6% |
| Amounts payable within one year42/48 | €257,112 | €141,457 | €139,912 | €257,054 | €165,097 | ▼ 35.8% |
| Current portion of amounts payable after more than one year42 | - | €41,352 | €52,075 | €47,849 | €45,160 | ▼ 5.6% |
| Financial debts43 | - | €1,092 | - | €41,750 | - | - |
| Credit institutions430/8 | - | €1,092 | - | €41,750 | - | - |
| Trade debts44 | €200,182 | €45,882 | €41,614 | €89,743 | €62,607 | ▼ 30.2% |
| Suppliers440/4 | - | €45,882 | €41,614 | €89,743 | €62,607 | ▼ 30.2% |
| Taxes, remuneration and social security45 | - | €48,632 | €46,222 | €36,879 | €51,932 | ▲ 40.8% |
| Taxes450/3 | - | €44,785 | €46,066 | €36,771 | €51,526 | ▲ 40.1% |
| Remuneration and social security454/9 | - | €3,847 | €156 | €108 | €406 | ▲ 276% |
| Other amounts payable47/48 | - | €4,500 | - | €40,832 | €5,397 | ▼ 86.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,260 | €27,512 | €38,362 | €40,044 | €137,585 | ▲ 244% |
| + Depreciation and write-downs630 | €28,660 | €31,441 | €29,804 | €44,744 | €45,907 | ▲ 2.6% |
| Operating cash flow (approximation) | €27,400 | €58,953 | €68,166 | €84,787 | €183,492 | ▲ 116% |
| Investment in fixed assets (approximation) | - | -€29,633 | -€52,645 | -€48,895 | -€76,777 | ▼ 57.0% |
| Change in cash | - | - | €23,058 | -€21,546 | €57,876 | ▲ 369% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €137,585 ▲244%
Operating result €206,139, net result €137,585, both a record.
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 64 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Back to profitnet €27,512
Net result €27,512 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €224,782 ▲13.9%
Equity rises from €197,271 to €224,782.
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 142 days late
2020
31-12
Financial
Weakest financial yearnet -€1,260
Net result drops to -€1,260, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
10-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 71 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
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, Tournai · 1 establishment unit since 2010
Ground area
257 m²
Building footprint
87 m²
Parcel 57462A0257/00S002, Wallonia. Linked by address, not a title deed.
1 establishment unit
EXEDOS
since 20102.186.150.366
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462A0257/00S002indicative | Wallonia | 257 m² | 1 · 87 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900GJ4ZU2KHY8YE31
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,752. 2,334 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
Founded18-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
18120Other printing
18130Pre-press and pre-media services
46492Wholesale trade
46500Wholesale of information and communication equipment
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0823261269
Registered
17-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.