EXFI
ActiveSummary
EXFI has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22k and a net result of €8k. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 56% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+89
Solvency87▲+34
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.55 against 1.34 in 2024; short-term debt: 38.1% and cash: 84.2% of total assets), and 38.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-02-2026, 24 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
24 d late
2024
4 d early
2023
on the day
2022
27 d late
2021
21 d late
2020
26 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8k
2024 · €-4k
2019: €3k
2020: €3k▲ +11.2% vs 2019
2021: €4k▲ +33.5% vs 2020
2022: €503▼ -88.5% vs 2021
2023: €3k▲ +423% vs 2022
2024: €-4k▼ -247% vs 2023lowest in 7 years
2025: €8k▲ +321% vs 2024highest in 7 years
2019 → 2025
Working capital
€21k▲ 78.8%
2024 · €12k
2019: €3klowest in 7 years
2020: €7k▲ +94.8% vs 2019
2021: €11k▲ +65.0% vs 2020
2022: €12k▲ +4.6% vs 2021
2023: €14k▲ +22.6% vs 2022
2024: €12k▼ -17.5% vs 2023
2025: €21k▲ +78.8% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€15k▲ 3.5%€17k▲ 17.7%€14k▼ 22.1%€22k▲ 62.4%
2021: €14k
2022: €15k▲ +3.5% vs 2021
2023: €17k▲ +17.7% vs 2022
2024: €14k▼ -22.1% vs 2023lowest in 5 years
2025: €22k▲ +62.4% vs 2024highest in 5 years
Operating result€7k-€3k▼ 53.6%€5k▲ 53.6%€-3k€17k
2021: €7k
2022: €3k▼ -53.6% vs 2021
2023: €5k▲ +53.6% vs 2022
2024: €-3k▼ -171% vs 2023lowest in 5 years
2025: €17k▲ +609% vs 2024highest in 5 years
Net result€4k-€503▼ 88.5%€3k▲ 423%€-4k€8k
2021: €4k
2022: €503▼ -88.5% vs 2021
2023: €3k▲ +423% vs 2022
2024: €-4k▼ -247% vs 2023lowest in 5 years
2025: €8k▲ +321% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€1k ▼ 41.1%
Current assets
€35k ▼ 25.3%
Equity and liabilities €36k
Equity
€22k ▲ 62.4%
Debt
€14k ▼ 60.7%
Debt's share of the balance-sheet total falls from 71.8% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2024 · €-3k
Cash flow
€9k▲
2024 · €-3k
Current ratio
2.55▲
2024 · 1.34
Debt to equity
0.61▼
2024 · 2.54
ROE
38.4%▲
2024 · -28.3%
ROA
23.8%▲
2024 · -8.0%
Interest coverage
37.57▲
2024 · -5.99
Debt ≤ 1 year
€14k▼
2024 · €35k
Income taxes
€8k▲
2024 · €83
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€48k€36k▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€919▼
Furniture and vehicles24€2k€919▼
Financial fixed assets28€175€175=
Current assets29/58€46k€35k▼
Amounts receivable within one year40/41€30k€5k▼
Trade receivables40€19k€2k▼
Other amounts receivable41€11k€3k▼
Cash at bank and in hand54/58€16k€30k▲
Deferred charges and accrued income490/1€41-
Equity and liabilities
Total equity and liabilities10/49€48k€36k▼
Equity10/15€14k€22k▲
Contributions10/11€6k€6k=
Reserves13€9k€16k▲
Distributable reserves133€9k€16k▲
Profit (loss) carried forward14€-1k-
Amounts payable17/49€35k€14k▼
Amounts payable within one year42/48€35k€14k▼
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45€96€8k▲
Taxes450/3€96€8k▲
Other amounts payable47/48€31k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€609€764▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€1k€194▼
Non-recurring operating charges66A-€11k
Gross operating margin9900€637€29k▲
Operating profit (loss)9901€-3k€17k▲
Financial charges65/66B€452€470▲
Recurring financial charges65€452€470▲
Profit (loss) for the period before taxes9903€-4k€16k▲
Income taxes67/77€83€8k▲
Profit (loss) for the period9904€-4k€8k▲
Profit (loss) for the period to be appropriated9905€-4k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1k€7k▲
Profit (loss) brought forward from the previous period14P€3k€-1k▼
Transfer to equity691/2-€7k
To other reserves6921-€7k
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 | - | - | - | €609 | €764 | ▲ 25.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €2k | - | - |
| Other operating charges640/8 | - | €1k | €1k | €1k | €194 | ▼ 81.5% |
| Non-recurring operating charges66A | - | - | - | - | €11k | - |
| Gross operating margin9900 | €47k | €4k | €6k | €637 | €29k | ▲ 4,421% |
| Operating profit (loss)9901 | €7k | €3k | €5k | €-3k | €17k | ▲ 609% |
| Financial income75/76B | - | €3 | €5 | - | - | - |
| Recurring financial income75 | €66 | €3 | €5 | - | - | - |
| Financial charges65/66B | - | €2k | €514 | €452 | €470 | ▲ 3.9% |
| Recurring financial charges65 | €271 | €2k | €514 | €452 | €470 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €6k | €1k | €4k | €-4k | €16k | ▲ 535% |
| Income taxes67/77 | €2k | €801 | €2k | €83 | €8k | ▲ 9,453% |
| Profit (loss) for the period9904 | €4k | €503 | €3k | €-4k | €8k | ▲ 321% |
| Profit (loss) for the period to be appropriated9905 | €4k | €503 | €3k | €-4k | €8k | ▲ 321% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33k | €33k | €43k | €48k | €36k | ▼ 25.9% |
| Fixed assets21/28 | €3k | €3k | €3k | €2k | €1k | ▼ 41.1% |
| Tangible fixed assets22/27 | €0 | €0 | - | €2k | €919 | ▼ 45.4% |
| Plant, machinery and equipment23 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €2k | €919 | ▼ 45.4% |
| Financial fixed assets28 | €3k | €3k | €3k | €175 | €175 | = |
| Current assets29/58 | €29k | €30k | €39k | €46k | €35k | ▼ 25.3% |
| Amounts receivable within one year40/41 | €21k | €29k | €34k | €30k | €5k | ▼ 85.0% |
| Trade receivables40 | - | €18k | €23k | €19k | €2k | ▼ 92.0% |
| Other amounts receivable41 | - | €11k | €11k | €11k | €3k | ▼ 72.6% |
| Cash at bank and in hand54/58 | €8k | €568 | €5k | €16k | €30k | ▲ 88.2% |
| Deferred charges and accrued income490/1 | - | €25 | €160 | €41 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33k | €33k | €43k | €48k | €36k | ▼ 25.9% |
| Equity10/15 | €14k | €15k | €17k | €14k | €22k | ▲ 62.4% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €6k | €6k | €9k | €9k | €16k | ▲ 84.2% |
| Distributable reserves133 | - | €6k | €9k | €9k | €16k | ▲ 84.2% |
| Profit (loss) carried forward14 | €2k | €3k | €3k | €-1k | - | - |
| Amounts payable17/49 | €18k | €18k | €25k | €35k | €14k | ▼ 60.7% |
| Amounts payable within one year42/48 | €18k | €18k | €25k | €35k | €14k | ▼ 60.7% |
| Trade debts44 | €5k | €6k | €9k | €3k | - | - |
| Suppliers440/4 | - | €6k | €9k | €3k | - | - |
| Taxes, remuneration and social security45 | - | €359 | €2k | €96 | €8k | ▲ 8,119% |
| Taxes450/3 | - | €359 | €2k | €96 | €8k | ▲ 8,119% |
| Other amounts payable47/48 | - | €12k | €14k | €31k | €6k | ▼ 81.7% |
| Accrued charges and deferred income492/3 | - | €5 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €503 | €3k | €-4k | €8k | ▲ 321% |
| + Depreciation and write-downs630 | - | - | - | €609 | €764 | ▲ 25.4% |
| Operating cash flow (approximation) | €4k | €503 | €3k | €-3k | €9k | ▲ 386% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €757 | €0 | ▼ 100% |
| Change in cash | - | €-7k | €5k | €11k | €14k | ▲ 30.7% |
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
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
20-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
22-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Etterbeek · 1 establishment unit since 2006
Ground area
737 m²
Building footprint
417 m²
Volume, LiDAR
7,017 m³
2 parcels, Brussels · tallest building 21.5 m, ±6 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Dautzenbergstraat 36, 1050 Elsene
since 20062.240.779.776
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0409/00M004 | Brussels | 382 m² | 1 · 211 m² | 19.9 m · 6 fl. |
| 21444B0198/00L009 | Brussels | 355 m² | 1 · 206 m² | 21.5 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,593 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
Founded12-04-2006
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.