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EXL

Active Public limited companyfounded 2002active for 24 yearsAlsembergsesteenweg 842, 1180 UccleKBO/BCE: BE 0476.978.890
EXL
Financial year 2025
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Annual accounts 2025

abbreviated format, filed on 28-02-2026, 28 days late
-€7,111
▼ €5,945
-€8,380
▼ €5,911
-€4.0m
▼ €3.8m
€1.4m
▼ 72.4%
-56.7%
▼ 34.2 percentage points
1.11
▼ 0.32

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €13.6m on 30-06-2025
What the company ownsHow it is paid for

in €m

Staff

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
Balance sheet: assets
20/58 13.6m16.6m16.9m20.4m19.9m19.4m18.8m11.7m10.3m9.5m9.2m9.1m8.9m8.8m8.9m8.6m9.0m8.1m1.8m
21/28 9,5009,5009,5004.0m4.0m4.0m4.0m4.0m4.6m4.6m4.6m4.6m4.6m4.6m4.6m1.5m1.6m1.0m314,124
21 ------------------864
22/27 -----------7,9618,80417,54026,27628,273390,642300,770313,260
22 ----------------278,287287,125295,963
23 -------------1,3642,7284,09113,38812,15416,881
24 -----------7,9618,80416,17622,20122,95997,061248417
26 --------------1,3471,2231,9061,243-
28 9,5009,5009,5004.0m4.0m4.0m4.0m4.0m4.6m4.6m4.6m4.6m4.6m4.6m4.6m1.4m1.2m747,000-
29/58 13.6m16.6m16.9m16.4m15.9m15.3m14.8m7.7m5.7m4.9m4.7m4.5m4.3m4.2m4.3m7.1m7.4m7.1m1.5m
40/41 12.9m15.9m16.3m15.8m15.3m14.8m14.4m7.2m5.7m4.9m4.7m4.5m4.3m4.2m4.3m6.2m6.6m5.0m1.4m
40 -----23,28435,34790,387265,291--61,53368,18168,181192,51572,346195,645251,97886,215
41 12.9m15.9m16.3m15.8m15.3m14.7m14.4m7.2m5.4m4.9m4.7m4.4m4.3m4.2m4.1m6.2m6.4m4.7m1.3m
50/53 --------------838263,338263,3371.8m-
54/58 -----542671261,21410,4596799336,4206,94817,4211,05546,736133,304175,54720,750
490/1 613,011685,050610,103586,914614,289588,749384,092149,398-------598,280342,266119,48739,510
Balance sheet: equity and liabilities
10/49 13.6m16.6m16.9m20.4m19.9m19.4m18.8m11.7m10.3m9.5m9.2m9.1m8.9m8.8m8.9m8.6m9.0m8.1m1.8m
10/15 -7.7m-3.7m-3.6m527,182749,5661.0m1.2m1.6m868,573848,796876,597942,642996,2221.0m1.1m1.0m1.1m150,456123,200
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
10 62,00062,00062,00062,00062,000--------------
100 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,000
13 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
130/1 6,2006,2006,2006,2006,2006,200-------------
130 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
14 -7.8m-3.8m-3.7m458,982681,366947,3141.2m1.5m800,373780,596808,397874,442928,022970,1931.1m964,8981.0m82,25655,000
17/49 21.3m20.3m20.5m19.8m19.1m18.3m17.6m10.1m9.4m8.6m8.4m8.2m7.9m7.8m7.8m7.6m7.9m8.0m1.6m
17 8.2m8.0m229,967223,362216,947210,717204,624201,600--------39,819206,287366,972
170/4 8.2m---------------39,819206,287366,972
178/9 -8.0m229,967223,362216,947210,717204,624201,600-----------
42/48 12.2m11.6m19.5m18.8m18.2m17.4m16.8m9.6m8.5m7.8m7.8m7.8m7.8m7.8m7.6m7.4m7.7m7.7m1.3m
42 ----------------17,95736,48534,337
43 ---------655----1,056-148,834--
430/8 ---------655----1,056-148,834--
44 95,73986,92079,3698,69054,48459,59456,53195,680340,9475,1124,4805,3104,491133,920235,07289,254209,466452,39198,030
440/4 95,73986,92079,3698,69054,48459,59456,53195,680340,9475,1124,4805,3104,491133,920235,07289,254209,466452,39198,030
45 46,99620020020042,635--44,179-2271,2261,2261,1891,2287287,5286,66624,97328,952
450/3 46,99620020020042,635--44,179-2271,2261,2261,1891,2287287,5286,66619,95527,577
454/9 -----------------5,0181,375
47/48 12.0m11.5m19.4m18.8m18.1m17.3m16.8m9.4m8.1m7.8m7.8m7.8m7.8m7.6m7.4m7.3m7.3m7.2m1.1m
492/3 858,215783,978779,598792,600759,322730,074571,215337,172969,000765,000561,000357,000153,00031,198166,327190,459190,35041,87427,250
Income statement
76A -------------7,310-129,3332.3m8,280-
9900 -7,111-1,166-5,189-11,887-13,621-58,275-158,956-89,930254,421-2,126-3,354-9,37254,523-23,027-75,45785,269189,709124,812136,410
62 ---------------52,189100,23744,86127,523
630 -----------8438,7368,73611,27510,05139,52115,01214,633
640/8 1,2681,3021,2864,642105,1846,2331,0933,88093786820,5489088903,3232,35363,69311,90813,0357,912
66A ----------7,961-12,625--70,8661.2m--
9901 -8,380-2,469-6,476-16,528-118,806-64,508-160,049-93,809253,484-2,994-23,902-11,12344,898-35,085-89,086-40,66438,04351,90486,342
75/76B 713,347685,050627,187586,914614,289588,749399,1181.1m79,362215,011204,001194,065182,978188,116320,818256,116311,222122,59239,549
75 706,460685,050627,187586,914614,289588,749399,1181.1m79,362215,011204,001194,065182,978188,116320,818256,116311,222122,59239,549
76B 6,886------------------
65/66B 4.6m783,9784.8m792,769761,432730,566572,501337,889313,069239,817238,182236,534257,419240,781145,999314,530556,244133,35852,376
65 4.6m783,978779,598792,769761,432730,566572,501337,889313,069239,817238,182236,534257,419240,781145,999314,530556,244133,35852,376
66B --4.0m----------------
9903 -3.9m-101,397-4.2m-222,384-265,948-206,325-333,433686,70019,777-27,801-66,045-53,592-42,168-80,44085,733-40,612923,26949,41773,516
67/77 47,23610,955-11,810---0---0-122-8615-22,16127,185
9904 -4.0m-112,352-4.1m-222,384-265,948-206,325-333,433686,70019,777-27,801-66,045-53,581-42,171-80,43285,727-40,627923,26927,25646,331
9905 -4.0m-112,352-4.1m-222,384-265,948-206,325-333,433686,70019,777-27,801-66,045-53,581-42,171-80,43285,727-40,627923,26927,25646,331
Appropriation of the result
9906 -7.8m-3.8m-3.7m458,982681,366947,3141.2m1.5m800,373780,596808,397874,442928,022970,1931.1m964,8981.0m82,25655,000
14P -3.8m-3.7m458,982681,366947,314--------------
Social balance sheet
9087 ---------------121.20.8
Hours worked1013 ---------------1,7253,4322,0111,456
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 4 older financial years (2003-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 28-02-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 28 days after the deadline. Filed on 28 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00048653.

Financial year Type Filed Reference Document
30-06-2025 abbreviated format 28-02-2026 2026-00048653 PDF
30-06-2024 abbreviated format 04-02-2025 2025-00026618 PDF
30-06-2023 abbreviated format 31-10-2024 2024-00530719 PDF
30-06-2022 abbreviated format 01-02-2023 2023-00019975 PDF
30-06-2021 abbreviated format 21-06-2022 2022-20075894 PDF
30-06-2020 abbreviated format 22-02-2022 2022-06200416 PDF
30-06-2019 abbreviated format 31-01-2020 2020-04400332 PDF
30-06-2018 abbreviated format 01-03-2019 2019-06300305 PDF
30-06-2017 abbreviated format 31-01-2018 2018-04400486 PDF
30-06-2016 abbreviated format 24-02-2017 2017-05100106 PDF
30-06-2015 abbreviated format 15-01-2016 2016-02100483 PDF
30-06-2014 abbreviated format 16-01-2015 2015-01900223 PDF
30-06-2013 abbreviated format 15-02-2014 2014-04500187 PDF
30-06-2012 abbreviated format 15-02-2014 2014-04500185 PDF
30-06-2011 abbreviated format 28-04-2012 2012-10500570 PDF
30-06-2010 abbreviated format 03-04-2011 2011-07900007 PDF
30-06-2009 abbreviated format 29-03-2010 2010-08500290 PDF
30-06-2008 abbreviated format 31-03-2009 2009-10200268 PDF
30-06-2007 abbreviated format 20-02-2008 2008-05100254 PDF
30-06-2006 abbreviated format 15-01-2007 2007-01505340 PDF
30-06-2005 abbreviated format 16-01-2006 2006-01500901 PDF
30-06-2004 abbreviated format 14-01-2005 2005-01403139 PDF
30-06-2003 abbreviated format 12-01-2004 2004-01005194 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920082007
------------10,28053,633-26,350-77,810-30,61377,56466,916100,975
------------52,738-33,435-71,69697,002-30,576962,79042,26860,964
-----------0029,8803.5m234,2281.8m783,377-
------130-260,543250,7559,779-253-5,487-528-10,47316,365-45,681-86,568-42,243154,797-
1.4m5.0m-2.6m-2.5m-2.3m-2.1m-2.0m-1.9m-2.7m-3.0m-3.1m-3.3m-3.4m-3.5m-3.3m-236,304-288,324-649,153203,297
-56.7%-22.5%-21.4%2.6%3.8%5.2%6.5%13.3%8.4%9.0%9.5%10.3%11.2%11.7%12.5%12.0%12.0%1.9%7.0%
1.111.430.870.870.870.880.880.800.680.620.600.580.560.550.560.970.960.921.16
---37.6325.5318.0614.396.5010.8510.149.548.667.977.526.987.337.3653.0513.36
----42.2%-35.5%-20.3%-27.3%44.2%2.3%-3.3%-7.5%-5.7%-4.2%-7.7%7.7%-3.9%86.0%18.1%37.6%
-29.2%-0.7%-24.5%-1.1%-1.3%-1.1%-1.8%5.9%0.2%-0.3%-0.7%-0.6%-0.5%-0.9%1.0%-0.5%10.3%0.3%2.6%

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on EXL

The operating result for 2025 is a loss of €8,380, larger than the loss of €2,469 in 2024. It is the lowest result since 2022.

Equity is negative. Debt (€21.3m) exceeds the balance-sheet total (€13.6m).

Next steps

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