Financials
- Fiscal year
- 2024
- Turnover
- €719,913
- Profit
- €86,827
- Solvency
- 3.4%
Turnover▼ 20.4%
Net result
20182024
Exeter III Bruges
ActiveSummary
The computed 12-month bankruptcy probability of Exeter III Bruges is 1.7% (moderate). The 2024 annual accounts show equity of €373,222 and a net result of €86,827. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Property management for co-owned buildings (syndics)
NACE 68321Real estate appraisal on a fee or contract basis NACE 68322
1 site
Size
€719,913turnover 2024
- Equity
- €373,222
- Profit
- €86,827
Structure
Accounts 63 d overdue0 of 15 deeds read
Why 55- Figures for FY 2024 (filed 05-08-2025)- 1 change of registered office in 24 months- Liquidity: current ratio 17.44, cash €269,749+ Sector Real estate activities (NACE 68)Show the evidence
Checked score
Score 2024
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 52% of its sector peers (NACE 68, medium-sized)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
28=
equity 3.4% of total assets
Liquidity
53+1
short-term debt 4.3% · cash 2.5%
Profitability
51-4
return on assets 0.8%
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
10-2025: 0.4%lowest value
11-2025: 0.4%▲ +1.2% vs 10-2025
12-2025: 0.4%● 0.0% vs 11-2025
01-2026: 0.4%● 0.0% vs 12-2025
02-2026: 0.4%▼ -0.5% vs 01-2026
03-2026: 0.5%▲ +5.0% vs 02-2026
04-2026: 0.5%▲ +3.1% vs 03-2026
05-2026: 0.5%▲ +1.1% vs 04-2026
06-2026: 0.6%▲ +17.2% vs 05-2026
07-2026: 0.6%▲ +6.8% vs 06-2026
08-2026: 0.8%▲ +34.4% vs 07-2026
09-2026: 1.0%▲ +28.1% vs 08-2026
10-2026: 1.7%▲ +63.1% vs 09-2026highest value
- Figures for FY 2024 (filed 05-08-2025) raises the probability
- 1 change of registered office in 24 months raises the probability
- Liquidity: current ratio 17.44, cash €269,749 raises the probability
- Sector Real estate activities (NACE 68) lowers the probability
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 17.44 against 40.27 in 2023; short-term debt: 4.3% and cash: 2.5% of total assets), but 96.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 68, medium-sized). Better than this share of them on solvency 20%, liquidity 77%, profitability 60%, growth against the median 51%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
113 d late
2022
10 d late
2021
100 d late
2020
38 d early
2019
37 d early
← 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 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · unclassified…
- Annual accounts filedfiscal year 2023 · unclassified…
- Back to profitnet €185,283
Key points
By topic
Timeline
- Events
- 16
- Since
- 2016
- 28-07-2025Annual accounts filed
- 21-11-2024Annual accounts filed
- 31-12-2023Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Property management for co-owned buildings (syndics)NACE 68321
- Founded
- 20-02-2009
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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