Exequor
ActiveSummary
Exequor has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €55k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 41.39 against 4.07 in 2024; short-term debt: 2.4% and cash: 91.3% of total assets), and 3.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
96.8%
Return on assets
72.5%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
28 d early
2024
27 d early
2023
26 d early
2022
31 d early
2021
31 d early
2020
27 d early
2019
31 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€74k▼ 20.2%
2024 · €93k
2018: €125k
2019: €200k▲ +60.1% vs 2018highest in 8 years
2020: €14k▼ -92.9% vs 2019lowest in 8 years
2021: €20k▲ +43.5% vs 2020
2022: €20k● 0.0% vs 2021
2023: €19k▼ -9.1% vs 2022
2024: €93k▲ +399% vs 2023
2025: €74k▼ -20.2% vs 2024
2018 → 2025
Total assets
€77k▼ 37.8%
2024 · €123k
2018: €170k
2019: €224k▲ +31.5% vs 2018
2020: €308k▲ +37.5% vs 2019highest in 8 years
2021: €126k▼ -59.2% vs 2020
2022: €125k▼ -0.3% vs 2021
2023: €124k▼ -0.8% vs 2022
2024: €123k▼ -1.0% vs 2023
2025: €77k▼ -37.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€55k▼ 41.8%
2024 · €95k
2018: €70k
2019: €75k▲ +7.7% vs 2018
2020: €77k▲ +2.1% vs 2019
2021: €86k▲ +11.9% vs 2020
2022: €93k▲ +8.6% vs 2021
2023: €95k▲ +2.2% vs 2022
2024: €95k● +0.0% vs 2023highest in 8 years
2025: €55k▼ -41.8% vs 2024lowest in 8 years
2018 → 2025
Working capital
€75k▼ 18.6%
2024 · €92k
2018: €125k
2019: €199k▲ +59.3% vs 2018highest in 8 years
2020: €-20k▼ -110% vs 2019lowest in 8 years
2021: €-6k▲ +71.3% vs 2020
2022: €2k▲ +142% vs 2021
2023: €9k▲ +261% vs 2022
2024: €92k▲ +935% vs 2023
2025: €75k▼ -18.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€20k=€19k▼ 9.1%€93k▲ 399%€74k▼ 20.2%
2021: €20k
2022: €20k● 0.0% vs 2021
2023: €19k▼ -9.1% vs 2022lowest in 5 years
2024: €93k▲ +399% vs 2023highest in 5 years
2025: €74k▼ -20.2% vs 2024
Operating result€110k-€120k▲ 9.3%€122k▲ 2.1%€122k▼ 0.1%€75k▼ 38.8%
2021: €110k
2022: €120k▲ +9.3% vs 2021
2023: €122k▲ +2.1% vs 2022highest in 5 years
2024: €122k▼ -0.1% vs 2023
2025: €75k▼ -38.8% vs 2024lowest in 5 years
Net result€86k-€93k▲ 8.6%€95k▲ 2.2%€95k=€55k▼ 41.8%
2021: €86k
2022: €93k▲ +8.6% vs 2021
2023: €95k▲ +2.2% vs 2022
2024: €95k● +0.0% vs 2023highest in 5 years
2025: €55k▼ -41.8% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €77k
Equity
€74k ▼ 20.2%
Debt
€2k ▼ 92.0%
Debt's share of the balance-sheet total falls from 24.6% to 3.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€76k▼
2024 · €131k
Cash flow
€57k▼
2024 · €104k
Current ratio
41.39▲
2024 · 4.07
Debt to equity
0.03▼
2024 · 0.33
ROE
74.9%▼
2024 · 102.8%
ROA
72.5%▼
2024 · 77.5%
Interest coverage
1058.84▼
2024 · 5438.91
Debt ≤ 1 year
€2k▼
2024 · €30k
Income taxes
€19k▼
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€123k€77k▼
Fixed assets21/28€1k€0▼
Tangible fixed assets22/27€1k€0▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€1k€0▼
Current assets29/58€122k€77k▼
Amounts receivable within one year40/41€15k€6k▼
Trade receivables40€13k€461▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€107k€70k▼
Deferred charges and accrued income490/1€208€626▲
Equity and liabilities
Total equity and liabilities10/49€123k€77k▼
Equity10/15€93k€74k▼
Contributions10/11€19k€19k=
Reserves13€74k€55k▼
Distributable reserves133€74k€55k▼
Amounts payable17/49€30k€2k▼
Amounts payable within one year42/48€30k€2k▼
Trade debts44€342-
Suppliers440/4€342-
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48€28k-
Accrued charges and deferred income492/3€391€576▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€1k▼
Other operating charges640/8€948€977▲
Gross operating margin9900€131k€77k▼
Operating profit (loss)9901€122k€75k▼
Financial charges65/66B€24€72▲
Recurring financial charges65€24€72▲
Profit (loss) for the period before taxes9903€122k€75k▼
Income taxes67/77€27k€19k▼
Profit (loss) for the period9904€95k€55k▼
Profit (loss) for the period to be appropriated9905€95k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€95k€55k▼
Transfer from equity791/2-€74k
Transfer to equity691/2€74k€55k▼
To other reserves6921€74k€55k▼
Profit to be distributed694/7€21k€74k▲
Return on contributions (dividend)694€21k€74k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | €8k | €1k | ▼ 82.2% |
| Other operating charges640/8 | €829 | €835 | €914 | €948 | €977 | ▲ 3.1% |
| Gross operating margin9900 | €119k | €129k | €132k | €131k | €77k | ▼ 41.3% |
| Operating profit (loss)9901 | €110k | €120k | €122k | €122k | €75k | ▼ 38.8% |
| Financial charges65/66B | €24 | €120 | €72 | €24 | €72 | ▲ 200% |
| Recurring financial charges65 | €24 | €120 | €72 | €24 | €72 | ▲ 200% |
| Profit (loss) for the period before taxes9903 | €110k | €120k | €122k | €122k | €75k | ▼ 38.9% |
| Income taxes67/77 | €24k | €26k | €27k | €27k | €19k | ▼ 28.5% |
| Profit (loss) for the period9904 | €86k | €93k | €95k | €95k | €55k | ▼ 41.8% |
| Profit (loss) for the period to be appropriated9905 | €86k | €93k | €95k | €95k | €55k | ▼ 41.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126k | €125k | €124k | €123k | €77k | ▼ 37.8% |
| Fixed assets21/28 | €26k | €18k | €10k | €1k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €26k | €18k | €10k | €1k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - |
| Furniture and vehicles24 | €26k | €18k | €10k | €1k | €0 | ▼ 100% |
| Current assets29/58 | €99k | €107k | €115k | €122k | €77k | ▼ 37.1% |
| Amounts receivable within one year40/41 | €29k | €15k | €16k | €15k | €6k | ▼ 59.3% |
| Trade receivables40 | €28k | €13k | €13k | €13k | €461 | ▼ 96.4% |
| Other amounts receivable41 | €193 | €2k | €4k | €2k | €6k | ▲ 204% |
| Cash at bank and in hand54/58 | €71k | €92k | €98k | €107k | €70k | ▼ 34.5% |
| Deferred charges and accrued income490/1 | €184 | €183 | €190 | €208 | €626 | ▲ 200% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126k | €125k | €124k | €123k | €77k | ▼ 37.8% |
| Equity10/15 | €20k | €20k | €19k | €93k | €74k | ▼ 20.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | - | €74k | €55k | ▼ 25.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | - | €74k | €55k | ▼ 25.2% |
| Amounts payable17/49 | €105k | €105k | €106k | €30k | €2k | ▼ 92.0% |
| Amounts payable within one year42/48 | €105k | €105k | €106k | €30k | €2k | ▼ 93.8% |
| Trade debts44 | €60 | €68 | €8 | €342 | - | - |
| Suppliers440/4 | €60 | €68 | €8 | €342 | - | - |
| Taxes, remuneration and social security45 | €10k | €8k | €2k | €2k | €2k | = |
| Taxes450/3 | €10k | €8k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €95k | €97k | €104k | €28k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €391 | €576 | ▲ 47.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €86k | €93k | €95k | €95k | €55k | ▼ 41.8% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | €8k | €1k | ▼ 82.2% |
| Operating cash flow (approximation) | €94k | €102k | €104k | €104k | €57k | ▼ 45.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €22k | €6k | €9k | €-37k | ▼ 525% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €55k ▼41.8%
Net result drops to €55k, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 41.39
Current ratio from 4.07 to 41.39; short-term debt falls from €30k to €2k.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €95k ▲0%
Net result €95k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 4.07
Current ratio from 1.08 to 4.07; short-term debt falls from €106k to €30k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-07
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 9.49
Current ratio from 3.77 to 9.49; short-term debt falls from €45k to €23k.
Show earlier events
31-12
Financial
Equity above €200kEq €200k ▲60.1%
2 profitable years in a row build equity to €200k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · 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.
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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, Antwerpen · 1 establishment unit since 2017
Ground area
228 m²
Building footprint
62 m²
Volume, LiDAR
584 m³
Parcel 11003A0174/00X010, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Exequor
since 20172.260.144.540
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11003A0174/00X010 | Flanders | 228 m² | 1 · 62 m² | 12.3 m · 3 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,932 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
Founded09-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.