EXINDE
ActiveSummary
EXINDE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,742 and a net result of €23,009. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 64% of 723 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-19
Solvency76▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 1.65 in 2024; short-term debt: 48.8% and cash: 55.1% of total assets), and 49.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
50.7%
Return on assets
6.8%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
35 d early
2023
28 d early
2022
55 d early
2021
48 d early
2020
54 d early
2019
46 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 46 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% 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
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 oldest company in Bornem, Transport and storage sector
Equity
€170,742▲ 15.6%
2024 · €147,733
Total assets
€336,551▼ 11.3%
2024 · €379,233
Net result
€23,009▲ 58.4%
2024 · €14,524
Working capital
€171,742▲ 15.5%
2024 · €148,733
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€43,479▲ 18.6%€34,171▼ 21.4%€25,879▼ 24.3%€28,060▲ 8.4%€37,999▲ 35.4%
Net result€27,744within the sector's middle half▲ 24.3%€20,684within the sector's middle half▼ 25.4%€12,919within the sector's middle half▼ 37.5%€14,524within the sector's middle half▲ 12.4%€23,009within the sector's middle half▲ 58.4%
Equity€99,606below the sector's middle half▲ 38.6%€120,290below the sector's middle half▲ 20.8%€133,209within the sector's middle half▲ 10.7%€147,733within the sector's middle half▲ 10.9%€170,742within the sector's middle half▲ 15.6%
Total assets€364,223below the sector's middle half▲ 15.3%€313,766below the sector's middle half▼ 13.9%€356,221below the sector's middle half▲ 13.5%€379,233below the sector's middle half▲ 6.5%€336,551below the sector's middle half▼ 11.3%
Debt€264,617▲ 8.5%€193,477▼ 26.9%€223,012▲ 15.3%€231,500▲ 3.8%€165,809▼ 28.4%
Working capital€100,522▲ 38.4%€121,345▲ 20.7%€118,805▼ 2.1%€148,733▲ 25.2%€171,742▲ 15.5%
Solvency27.3%within the sector's middle half▲ 4.6pp38.3%within the sector's middle half▲ 11.0pp37.4%within the sector's middle half▼ 0.9pp39.0%within the sector's middle half▲ 1.6pp50.7%within the sector's middle half▲ 11.8pp
Staff (FTE)3.6within the sector's middle half▼ 20.0%3.3within the sector's middle half▼ 8.3%4within the sector's middle half▲ 21.2%5.7within the sector's middle half▲ 42.5%0below the sector's middle half▼ 100%
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €336,551
Fixed assets
€500 =
Current assets
€336,051 ▼ 11.3%
Equity and liabilities €336,551
Equity
€170,742 ▲ 15.6%
Debt
€165,809 ▼ 28.4%
Debt's share of the balance-sheet total falls from 61.0% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.05▲
2024 · 1.65
Debt to equity
0.97▼
2024 · 1.57
ROE
13.5%▲
2024 · 9.8%
ROA
6.8%▲
2024 · 3.8%
Debt ≤ 1 year
€164,309▼
2024 · €230,000
Income taxes
€12,928▲
2024 · €10,668
Staff costs
€762,683▼
2024 · €812,022
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €580,471 | €598,604 | €711,196 | €812,022 | €762,683 | ▼ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,554 | €15,552 | €12,421 | €0 | - | - |
| Other operating charges640/8 | €6,734 | €6,836 | €10,035 | €10,730 | €10,331 | ▼ 3.7% |
| Gross operating margin9900 | €646,238 | €655,163 | €759,532 | €850,812 | €811,014 | ▼ 4.7% |
| Operating profit (loss)9901 | €43,479 | €34,171 | €25,879 | €28,060 | €37,999 | ▲ 35.4% |
| Financial income75/76B | - | €7 | €144 | €367 | €512 | ▲ 39.5% |
| Recurring financial income75 | - | €7 | €144 | €367 | €512 | ▲ 39.5% |
| Financial charges65/66B | €1,699 | €2,146 | €3,317 | €3,236 | €2,574 | ▼ 20.4% |
| Recurring financial charges65 | €1,699 | €2,146 | €3,317 | €3,236 | €2,574 | ▼ 20.4% |
| Profit (loss) for the period before taxes9903 | €41,779 | €32,031 | €22,706 | €25,192 | €35,937 | ▲ 42.7% |
| Income taxes67/77 | €14,035 | €11,348 | €9,787 | €10,668 | €12,928 | ▲ 21.2% |
| Profit (loss) for the period9904 | €27,744 | €20,684 | €12,919 | €14,524 | €23,009 | ▲ 58.4% |
| Profit (loss) for the period to be appropriated9905 | €27,744 | €20,684 | €12,919 | €14,524 | €23,009 | ▲ 58.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364,223 | €313,766 | €356,221 | €379,233 | €336,551 | ▼ 11.3% |
| Fixed assets21/28 | €28,474 | €12,921 | €18,500 | €500 | €500 | = |
| Tangible fixed assets22/27 | €27,974 | €12,421 | €0 | - | - | - |
| Plant, machinery and equipment23 | €8,036 | €4,018 | €0 | - | - | - |
| Furniture and vehicles24 | €19,937 | €8,403 | €0 | - | - | - |
| Financial fixed assets28 | €500 | €500 | €18,500 | €500 | €500 | = |
| Current assets29/58 | €335,749 | €300,845 | €337,721 | €378,733 | €336,051 | ▼ 11.3% |
| Amounts receivable within one year40/41 | €30,455 | €116,154 | €167,891 | €171,133 | €131,068 | ▼ 23.4% |
| Trade receivables40 | €30,223 | €115,002 | €165,137 | €171,117 | €113,454 | ▼ 33.7% |
| Other amounts receivable41 | €232 | €1,152 | €2,755 | €16 | €17,614 | ▲ 111,805% |
| Cash at bank and in hand54/58 | €291,779 | €170,689 | €153,005 | €188,681 | €185,443 | ▼ 1.7% |
| Deferred charges and accrued income490/1 | €13,515 | €14,002 | €16,825 | €18,920 | €19,541 | ▲ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364,223 | €313,766 | €356,221 | €379,233 | €336,551 | ▼ 11.3% |
| Equity10/15 | €99,606 | €120,290 | €133,209 | €147,733 | €170,742 | ▲ 15.6% |
| Contributions10/11 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Outside capital11 | - | - | €18,750 | €18,750 | - | - |
| Other1109/19 | - | - | €18,750 | €18,750 | - | - |
| Reserves13 | €80,652 | €101,152 | €113,652 | €128,777 | €148,777 | ▲ 15.5% |
| Non-distributable reserves130/1 | €1,875 | €1,875 | €1,875 | €0 | - | - |
| Reserves not available under the articles1311 | €1,875 | €1,875 | €1,875 | €0 | - | - |
| Tax-exempt reserves132 | €13,777 | €13,777 | €13,777 | €13,777 | €13,777 | = |
| Distributable reserves133 | €65,000 | €85,500 | €98,000 | €115,000 | €135,000 | ▲ 17.4% |
| Profit (loss) carried forward14 | €204 | €387 | €807 | €205 | €3,215 | ▲ 1,465% |
| Amounts payable17/49 | €264,617 | €193,477 | €223,012 | €231,500 | €165,809 | ▼ 28.4% |
| Amounts payable within one year42/48 | €235,227 | €179,500 | €218,916 | €230,000 | €164,309 | ▼ 28.6% |
| Trade debts44 | €44,670 | €39,382 | €57,294 | €56,135 | €43,533 | ▼ 22.5% |
| Suppliers440/4 | €44,670 | €39,382 | €57,294 | €56,135 | €43,533 | ▼ 22.5% |
| Taxes, remuneration and social security45 | €80,044 | €64,118 | €85,622 | €97,865 | €44,777 | ▼ 54.2% |
| Taxes450/3 | €55,587 | €36,430 | €48,597 | €51,101 | €3,857 | ▼ 92.5% |
| Remuneration and social security454/9 | €24,457 | €27,688 | €37,026 | €46,764 | €40,920 | ▼ 12.5% |
| Other amounts payable47/48 | €110,513 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Accrued charges and deferred income492/3 | €29,389 | €13,977 | €4,096 | €1,500 | €1,500 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,744 | €20,684 | €12,919 | €14,524 | €23,009 | ▲ 58.4% |
| + Depreciation and write-downs630 | €15,554 | €15,552 | €12,421 | €0 | - | - |
| Operating cash flow (approximation) | €43,298 | €36,236 | €25,340 | €14,524 | €23,009 | ▲ 58.4% |
| Investment in fixed assets (approximation) | - | €0 | -€18,000 | €18,000 | €0 | ▼ 100% |
| Change in cash | - | -€121,089 | -€17,685 | €35,676 | -€3,238 | ▼ 109% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150,000Eq €170,742 ▲15.6%
8 profitable years in a row build equity to €170,742.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €120,290 ▲20.8%
5 profitable years in a row build equity to €120,290.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €27,744 ▲24.3%
Operating result €43,479, net result €27,744, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Bornem · 1 establishment unit since 1998
Ground area
1,199 m²
Building footprint
130 m²
Volume, LiDAR
714 m³
Parcel 12015A0620/00B003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cesar Van Kerckhovenstraat(HIN) 108, 2880 Bornem
since 19982.088.278.257
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015A0620/00B003indicative | Flanders | 1,198 m² | 1 · 130 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
G et O MANAGEMENT
BE 0449.785.931
Grez-Doiceau · Eq €170,661
VERENIGDE GROOTHANDELAARS IN GROENTEN EN FRUIT
BE 0431.950.797
Brugge · Eq €169,793
MIL BUSINESS
BE 0675.483.056
Elsene · Eq €173,694
3FM
BE 0458.494.254
Merelbeke-Melle · Eq €173,766
GPI BUILDING
BE 0541.828.835
Antwerpen · Eq €178,414
Of 1,031 companies in sector 52100 we hold annual accounts for 766. 465 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
Founded11-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
52100Warehousing and storage
52250Logistics services
81220Other building cleaning and industrial cleaning
46900Non-specialised wholesale trade
52260Warehousing and support activities for transportation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463543303
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.