EXEN
ActiveSummary
EXEN has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €693,876 and a net result of €15,488. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 76% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+4
Solvency92▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.6 in 2024; short-term debt: 16.6% and cash: 2.3% of total assets), and 33% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
67%
Return on assets
1.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
18 d late
2023
29 d late
2022
29 d late
2021
16 d late
2020
60 d early
2019
45 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 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Court-Saint-Etienne, Construction sector#3 company by equity in Court-Saint-Etienne, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15,488▲ 395%
2024 · €3,126
Working capital
-€119,725▼ 46.9%
2024 · -€81,480
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€12,240€67,531€96,515▲ 42.9%€57,440▼ 40.5%€86,677▲ 50.9%
Net result-€17,792€21,296€634,815▲ 2,881%€3,126▼ 99.5%€15,488▲ 395%
Equity€21,676▼ 45.1%€42,973▲ 98.2%€676,954▲ 1,475%€679,221▲ 0.3%€693,876▲ 2.2%
Total assets€134,214▲ 62.0%€132,336▼ 1.4%€1.1m▲ 707%€1.1m▲ 3.7%€1.0m▼ 6.5%
Debt€79,268▲ 82.7%€89,364▲ 12.7%€390,512▲ 337%€427,810▲ 9.6%€341,094▼ 20.3%
Working capital€66,237▲ 130%€49,643▼ 25.1%-€41,817-€81,480▼ 94.8%-€119,725▼ 46.9%
Staff (FTE)000
Why a figure moved sharply
- 2024 Net result -100% on 2023. Cause not known from the registers.
- 2023 Net result +2,881% on 2022. The accounts now follow the full schema, last year the micro schema.
- 2023 Equity +1,475%, Total assets +707% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 51% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€982,790 ▼ 0.1%
Current assets
€52,180 ▼ 57.5%
Equity and liabilities €1.0m
Equity
€693,876 ▲ 2.2%
Debt
€341,094 ▼ 20.3%
Debt's share of the balance-sheet total falls from 38.6% to 33.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€91,281▲
2024 · €64,162
Cash flow
€20,092▲
2024 · €9,848
Current ratio
0.30▼
2024 · 0.60
Debt to equity
0.49▼
2024 · 0.63
ROE
2.2%▲
2024 · 0.5%
ROA
1.5%▲
2024 · 0.3%
Interest coverage
1.43▲
2024 · 1.24
Debt ≤ 1 year
€171,905▼
2024 · €204,340
Debt > 1 year
€169,189▼
2024 · €219,585
Income taxes
€9,620▲
2024 · €4,255
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,371 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,012 | €7,159 | €7,004 | €6,722 | €4,604 | ▼ 31.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €33,270 | -€33,270 | €0 | - | - | - |
| Other operating charges640/8 | €348 | €737 | €911 | €1,766 | €3,057 | ▲ 73.1% |
| Gross operating margin9900 | €27,389 | €42,157 | €104,429 | €65,928 | €94,338 | ▲ 43.1% |
| Operating profit (loss)9901 | -€12,240 | €67,531 | €96,515 | €57,440 | €86,677 | ▲ 50.9% |
| Financial income75/76B | €113 | €323 | €577,721 | €1,478 | €2,310 | ▲ 56.4% |
| Recurring financial income75 | €113 | €323 | €1 | €1,478 | €2,310 | ▲ 56.4% |
| Non-recurring financial income76B | - | - | €577,720 | €0 | - | - |
| Financial charges65/66B | €398 | €38,585 | €10,187 | €51,537 | €63,879 | ▲ 23.9% |
| Recurring financial charges65 | €398 | €38,585 | €9,130 | €51,537 | €63,879 | ▲ 23.9% |
| Non-recurring financial charges66B | - | - | €1,058 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€12,525 | €29,269 | €664,048 | €7,381 | €25,108 | ▲ 240% |
| Income taxes67/77 | €5,267 | €7,973 | €29,233 | €4,255 | €9,620 | ▲ 126% |
| Profit (loss) for the period9904 | -€17,792 | €21,296 | €634,815 | €3,126 | €15,488 | ▲ 395% |
| Transfer to tax-exempt reserves689 | - | - | €577,720 | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€17,792 | €21,296 | €57,095 | €3,126 | €15,488 | ▲ 395% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,214 | €132,336 | €1.1m | €1.1m | €1.0m | ▼ 6.5% |
| Fixed assets21/28 | €23,852 | €18,087 | €989,978 | €984,171 | €982,790 | ▼ 0.1% |
| Tangible fixed assets22/27 | €23,827 | €18,062 | €11,058 | €5,251 | €3,870 | ▼ 26.3% |
| Plant, machinery and equipment23 | €892 | €670 | €448 | €225 | €0 | ▼ 100% |
| Furniture and vehicles24 | €22,935 | €17,392 | €10,610 | €5,026 | €3,870 | ▼ 23.0% |
| Financial fixed assets28 | €25 | €25 | €978,920 | €978,920 | €978,920 | = |
| Current assets29/58 | €110,362 | €114,250 | €77,488 | €122,860 | €52,180 | ▼ 57.5% |
| Amounts receivable after more than one year29 | - | - | - | €11,084 | €10,500 | ▼ 5.3% |
| Other amounts receivable291 | - | - | - | €11,084 | €10,500 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €50,576 | €59,934 | €55,720 | €80,132 | €17,274 | ▼ 78.4% |
| Trade receivables40 | €40,804 | €33,124 | €38,720 | €66,771 | €16,880 | ▼ 74.7% |
| Other amounts receivable41 | €9,772 | €26,809 | €17,000 | €13,362 | €394 | ▼ 97.0% |
| Current investments50/53 | €43,613 | €49,751 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €15,991 | €4,565 | €21,061 | €21,313 | €23,518 | ▲ 10.3% |
| Deferred charges and accrued income490/1 | €183 | - | €707 | €10,332 | €888 | ▼ 91.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,214 | €132,336 | €1.1m | €1.1m | €1.0m | ▼ 6.5% |
| Equity10/15 | €21,676 | €42,973 | €676,954 | €679,221 | €693,876 | ▲ 2.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €20,877 | €24,381 | €655,174 | €658,300 | €673,787 | ▲ 2.4% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Tax-exempt reserves132 | - | - | €577,720 | €577,720 | €577,720 | = |
| Distributable reserves133 | €19,017 | €22,521 | €75,595 | €78,721 | €94,208 | ▲ 19.7% |
| Profit (loss) carried forward14 | -€17,792 | - | €3,188 | €2,329 | €1,496 | ▼ 35.8% |
| Provisions and deferred taxes16 | €33,270 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €33,270 | - | - | - | - | - |
| Environmental obligations163 | €33,270 | - | - | - | - | - |
| Amounts payable17/49 | €79,268 | €89,364 | €390,512 | €427,810 | €341,094 | ▼ 20.3% |
| Amounts payable after more than one year17 | €35,143 | €24,757 | €271,206 | €219,585 | €169,189 | ▼ 23.0% |
| Financial debts170/4 | €35,143 | €24,757 | €271,206 | €219,585 | €169,189 | ▼ 23.0% |
| Amounts payable within one year42/48 | €44,125 | €64,607 | €119,306 | €204,340 | €171,905 | ▼ 15.9% |
| Current portion of amounts payable after more than one year42 | €19,295 | €18,243 | €39,796 | €48,242 | €35,141 | ▼ 27.2% |
| Financial debts43 | - | €1,627 | €0 | - | - | - |
| Credit institutions430/8 | - | €1,627 | €0 | - | - | - |
| Trade debts44 | €2,789 | €566 | €4,364 | €61,018 | €924 | ▼ 98.5% |
| Suppliers440/4 | €2,789 | €566 | €4,364 | €61,018 | €924 | ▼ 98.5% |
| Taxes, remuneration and social security45 | €22,039 | €9,764 | €31,065 | €31,488 | €14,452 | ▼ 54.1% |
| Taxes450/3 | €19,781 | €7,475 | €28,718 | €29,090 | €12,039 | ▼ 58.6% |
| Remuneration and social security454/9 | €2,258 | €2,289 | €2,347 | €2,398 | €2,413 | ▲ 0.6% |
| Other amounts payable47/48 | €2 | €34,406 | €44,081 | €63,592 | €121,388 | ▲ 90.9% |
| Accrued charges and deferred income492/3 | - | - | - | €3,885 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,792 | €21,296 | €634,815 | €3,126 | €15,488 | ▲ 395% |
| + Depreciation and write-downs630 | €6,012 | €7,159 | €7,004 | €6,722 | €4,604 | ▼ 31.5% |
| Operating cash flow (approximation) | -€11,780 | €28,455 | €641,819 | €9,848 | €20,092 | ▲ 104% |
| Investment in fixed assets (approximation) | - | -€1,394 | -€978,895 | -€915 | -€3,223 | ▼ 252% |
| Change in cash | - | -€11,425 | €16,496 | €252 | €2,205 | ▲ 776% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €634,815 ▲2,881%
Operating result €96,515, net result €634,815, both a record.
31-12
Financial
Equity above €500,000Eq €676,954 ▲1,475%
2 profitable years in a row build equity to €676,954.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €21,296
Net result €21,296 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet -€17,792
Net result drops to -€17,792, the lowest in the series; recovery starts the following year.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €38,612
Net result €38,612 after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 47 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Court-Saint-Etienne · 1 establishment unit since 2000
Ground area
770 m²
Building footprint
133 m²
Parcel 25023F0362/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de la Belle Haie 48, 1490 Court-Saint-Etienne
since 20002.096.803.270
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023F0362/00G000 | Wallonia | 770 m² | 1 · 133 m² | - |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
8.55%
According to the 2025 annual accounts of EXEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900L125Z75DLHT656
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 5,688 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
Founded06-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472987044
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.