EXILO
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 7 days after the deadline Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387052.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 18 filings
Turnover
≈ €660,000
Estimated: probably between €550,000 and €1.2m
Total assets
€2.8m▲ 6.5%
2024 · €2.6m
Net result
€222,560▲ 78.1%
2024 · €124,967
Working capital
-€174,870▲ 15.0%
2024 · -€205,775
In the rankings
#10 company by total assets in Dentergem, Professional and technical services sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€374,235
▲ 45.2%
2025
20182025
Net result
€222,560
▲ 78.1%
2025
highest quarter of the sector
20182025
Equity
€1.0m
▼ 4.8%
2025
highest quarter of the sector
20182025
Total assets
€2.8m
▲ 6.5%
2025
highest quarter of the sector
20182025
Debt
€1.7m
▲ 14.5%
2025
20182025
Working capital
-€174,870
▲ 15.0%
2025
lowest quarter of the sector
20182025
Solvency
36.8%
▼ 4.3pp
2025
middle half of the sector
20182025
Current ratio
0.69
▲ 0.48
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
8.0%
▲ 3.2pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.03m-€0.1m▲ 268%€0.1m▲ 29.3%€0.2m▲ 37.5%€0.2m▲ 2.8%€0.2m▲ 22.4%€0.3m▲ 8.0%€0.4m▲ 45.2%
Net result€0.06m-€0.07m▲ 20.6%€0.1mabove the sector's middle half▲ 55.2%€0.1mabove the sector's middle half▲ 16.1%€0.2mabove the sector's middle half▲ 64.8%€0.1mabove the sector's middle half▼ 40.2%€0.1mabove the sector's middle half▲ 5.5%€0.2mabove the sector's middle half▲ 78.1%
Equity€0.3m-€0.4m▲ 22.8%€0.5mabove the sector's middle half▲ 28.8%€0.6mabove the sector's middle half▲ 26.0%€0.8mabove the sector's middle half▲ 34.0%€0.9mabove the sector's middle half▲ 15.2%€1.1mabove the sector's middle half▲ 18.9%€1.0mabove the sector's middle half▼ 4.8%
Total assets€0.8m-€0.7m▼ 7.5%€1.6mabove the sector's middle half▲ 124%€1.7mabove the sector's middle half▲ 5.7%€2.7mabove the sector's middle half▲ 57.7%€2.6mabove the sector's middle half▼ 2.4%€2.6mabove the sector's middle half▼ 0.5%€2.8mabove the sector's middle half▲ 6.5%
Debt€0.5m-€0.4m▼ 25.9%€1.1m▲ 221%€1.1m▼ 2.6%€1.9m▲ 68.2%€1.7m▼ 9.7%€1.5m▼ 10.3%€1.7m▲ 14.5%
Working capital-€0.04m--€0.05m▼ 28.8%-€1.0mbelow the sector's middle half▼ 1,904%-€0.2mbelow the sector's middle half▲ 83.5%-€0.1mbelow the sector's middle half▲ 22.2%-€0.2mbelow the sector's middle half▼ 59.2%-€0.2mbelow the sector's middle half▼ 6.0%-€0.2mbelow the sector's middle half▲ 15.0%
Solvency37.8%-50.2%▲ 12.4pp28.8%within the sector's middle half▼ 21.4pp34.3%within the sector's middle half▲ 5.5pp29.2%within the sector's middle half▼ 5.2pp34.4%within the sector's middle half▲ 5.3pp41.1%within the sector's middle half▲ 6.7pp36.8%within the sector's middle half▼ 4.3pp
Current ratio0.74-0.58▼ 0.160.05below the sector's middle half▼ 0.530.22below the sector's middle half▲ 0.170.37below the sector's middle half▲ 0.150.21below the sector's middle half▼ 0.150.21below the sector's middle half=0.69below the sector's middle half▲ 0.48
Return on assets (ROA)7.1%-9.3%▲ 2.2pp6.4%within the sector's middle half▼ 2.9pp7.1%within the sector's middle half▲ 0.6pp7.4%within the sector's middle half▲ 0.3pp4.5%within the sector's middle half▼ 2.9pp4.8%within the sector's middle half▲ 0.3pp8.0%within the sector's middle half▲ 3.2pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 45% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€2.4m ▼ 6.7%
Current assets
€394,682 ▲ 615%
Equity and liabilities €2.8m
Equity
€1.0m ▼ 4.8%
Provisions
€10,581 ▼ 4.2%
Debt
€1.7m ▲ 14.5%
Debt's share of the balance-sheet total rises from 58.4% to 62.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€449,298▲
2024 · €337,177
Cash flow
€297,623▲
2024 · €204,492
Debt to equity
1.71▲
2024 · 1.42
ROE
21.8%▲
2024 · 11.7%
Interest coverage
12.94▲
2024 · 7.36
Debt ≤ 1 year
€569,553▲
2024 · €260,942
Debt > 1 year
€1.2m▼
2024 · €1.3m
Income taxes
€117,909▲
2024 · €106,159
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €148,916 | €1.3m | €37,602 | €144,932 | €1,500 |
| Depreciation and write-downs of the year | €56,170 | €70,723 | €83,752 | €79,525 | €75,063 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,959 | €0 | - | €115,067 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,865 | €23,592 | €25,568 | €56,170 | €70,723 | €83,752 | €79,525 | €75,063 | ▼ 5.6% |
| Other operating charges640/8 | - | - | - | €7,243 | €9,394 | €10,380 | €13,376 | €14,079 | ▲ 5.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €1,986 | €0 | ▼ 100% |
| Gross operating margin9900 | €85,010 | €134,798 | €167,672 | €252,938 | €275,029 | €332,688 | €352,540 | €463,377 | ▲ 31.4% |
| Operating profit (loss)9901 | €28,971 | €106,636 | €137,880 | €189,526 | €194,912 | €238,556 | €257,652 | €374,235 | ▲ 45.2% |
| Financial income75/76B | - | - | - | €5 | €108,911 | €0 | €5 | €495 | ▲ 99× |
| Recurring financial income75 | €8,843 | €4,958 | €169 | €5 | €1,134 | €0 | €5 | €495 | ▲ 99× |
| Non-recurring financial income76B | - | - | - | €0 | €107,776 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €13,852 | €23,845 | €44,237 | €45,797 | €34,728 | ▼ 24.2% |
| Recurring financial charges65 | €7,552 | €5,491 | €4,746 | €13,852 | €23,845 | €44,237 | €45,797 | €34,728 | ▼ 24.2% |
| Profit (loss) for the period before taxes9903 | €73,262 | €106,103 | €148,071 | €175,679 | €279,977 | €194,320 | €211,860 | €340,003 | ▲ 60.5% |
| Transfer from deferred taxes780 | - | - | - | - | €1,003 | €1,584 | €19,266 | €466 | ▼ 97.6% |
| Transfer to deferred taxes680 | - | - | - | - | €21,555 | €0 | - | - | - |
| Income taxes67/77 | €17,931 | €39,395 | €44,520 | €55,436 | €61,222 | €77,396 | €106,159 | €117,909 | ▲ 11.1% |
| Profit (loss) for the period9904 | €55,331 | €66,709 | €103,551 | €120,243 | €198,203 | €118,508 | €124,967 | €222,560 | ▲ 78.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €35,013 | €6,337 | €77,064 | €1,865 | ▼ 97.6% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €86,221 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €55,331 | €97,709 | €103,551 | €120,243 | €146,995 | €124,845 | €202,030 | €224,425 | ▲ 11.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.8m | €0.7m | €1.6m | €1.7m | €2.7m | €2.6m | €2.6m | €2.8m | ▲ 6.5% |
| Fixed assets21/28 | €0.7m | €0.7m | €1.6m | €1.7m | €2.6m | €2.6m | €2.5m | €2.4m | ▼ 6.7% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €1.6m | €1.7m | €2.6m | €2.6m | €2.5m | €2.4m | ▼ 6.7% |
| Land and buildings22 | - | - | - | €1.6m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 8.9% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.008m | €0.004m | €0.002m | ▼ 62.0% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.009m | €0.01m | €0.02m | €0.005m | ▼ 70.6% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.6% |
| Current assets29/58 | €0.1m | €0.07m | €0.05m | €0.04m | €0.07m | €0.05m | €0.06m | €0.4m | ▲ 615% |
| Amounts receivable within one year40/41 | €0.07m | €0.03m | €0.03m | €0.04m | €0.03m | €0.03m | €0.04m | €0.06m | ▲ 46.0% |
| Trade receivables40 | - | - | - | €0.04m | €0.03m | €0.03m | €0.04m | €0.04m | ▼ 3.1% |
| Other amounts receivable41 | - | - | - | €480 | €8 | €0 | - | €0.02m | - |
| Cash at bank and in hand54/58 | €0.04m | €0.03m | €0.01m | €416 | €0.04m | €0.01m | €0.01m | €0.3m | ▲ 30× |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.003m | €0.004m | €0.004m | €0.001m | ▼ 61.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.8m | €0.7m | €1.6m | €1.7m | €2.7m | €2.6m | €2.6m | €2.8m | ▲ 6.5% |
| Equity10/15 | €0.3m | €0.4m | €0.5m | €0.6m | €0.8m | €0.9m | €1.1m | €1.0m | ▼ 4.8% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.3m | €0.3m | €0.5m | €0.6m | €0.8m | €0.9m | €1.1m | €1.0m | ▼ 4.8% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Other1319 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.08m | €0.08m | €0.04m | €0.04m | ▼ 4.2% |
| Distributable reserves133 | - | - | - | €0.5m | €0.7m | €0.8m | €1.0m | €1.0m | ▼ 4.9% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | €0 | - |
| Provisions and deferred taxes16 | - | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 4.2% |
| Deferred taxes168 | - | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | ▼ 4.2% |
| Amounts payable17/49 | €0.5m | €0.4m | €1.1m | €1.1m | €1.9m | €1.7m | €1.5m | €1.7m | ▲ 14.5% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.9m | €1.7m | €1.4m | €1.3m | €1.2m | ▼ 6.9% |
| Financial debts170/4 | - | - | - | €0.9m | €1.7m | €1.4m | €1.3m | €1.2m | ▼ 6.9% |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €1.0m | €0.2m | €0.2m | €0.2m | €0.3m | €0.6m | ▲ 118% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 45.1% |
| Financial debts43 | - | - | - | €257 | €138 | €0.05m | €0.001m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €257 | €138 | €0.05m | €0.001m | €0 | ▼ 100% |
| Trade debts44 | €0.002m | €0.005m | €0.007m | €0.02m | €0.02m | €0.006m | €0.002m | €0.003m | ▲ 58.7% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.006m | €0.002m | €0.003m | ▲ 58.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.02m | €0.03m | €0.07m | €0.05m | ▼ 20.0% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.03m | €0.07m | €0.05m | ▼ 20.0% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.05m | €0.06m | €0.08m | €0.4m | ▲ 331% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.008m | €0.01m | €0.008m | €0.005m | ▼ 34.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.06m | €0.07m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 78.1% |
| + Depreciation and write-downs630 | €0.05m | €0.02m | €0.03m | €0.06m | €0.07m | €0.08m | €0.08m | €0.08m | ▼ 5.6% |
| Operating cash flow (approximation) | €0.1m | €0.09m | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | €0.3m | ▲ 45.5% |
| Investment in fixed assets (approximation) | - | -€0.004m | -€0.9m | -€0.1m | -€1.0m | -€0.04m | -€0.06m | €0.1m | - |
| Change in cash | - | -€0.009m | -€0.01m | -€0.01m | €0.04m | -€0.03m | -€0.004m | €0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as EXILO has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of EXILO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for EXILO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-08-2026 | 2026-00387052 | |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00268437 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00242386 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00275819 | |
| 31-12-2021 | micro format | 23-09-2022 | 2022-20434102 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48000571 | |
| 31-12-2019 | micro format | 19-05-2020 | 2020-12700354 | |
| 31-12-2018 | micro format | 16-05-2019 | 2019-13400495 | |
| 31-12-2017 | micro format | 03-05-2018 | 2018-11800245 | |
| 31-12-2016 | micro format | 06-07-2017 | 2017-29300292 |