EXMAPLA
ActiveSummary
The annual accounts of EXMAPLA for fiscal year 2024 show a net loss of 68% of the equity at the start of that year. The 2024 annual accounts show equity of €21,965 and a net result of -€46,908. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 1290 sector peers (fiscal year 2024). The company has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-61
Solvency30▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 0.77 in 2023; short-term debt: 88% and cash: 55.6% of total assets), and 95.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
4.6%
Return on assets
-9.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 1290 sector peers (2024).
NBB · sector comparisonPosition among 1290 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
not confirmed
2024
31 d late
2023
27 d early
2022
27 d early
2021
31 d late
2020
36 d early
2019
54 d late
← 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 4 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#6 oldest company in Ukkel, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€46,908
2023 · €5,945
Working capital
-€20,936▲ 80.0%
2023 · -€104,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20202021202220232024
Operating result€34,081▼ 20.2%€91,044▲ 167%€96,973▲ 6.5%-€914-€44,280▼ 4,745%
Net result€49,438above the sector's middle half▲ 5.3%€102,642above the sector's middle half▲ 108%€106,422above the sector's middle half▲ 3.7%€5,945within the sector's middle half▼ 94.4%-€46,908below the sector's middle half
Equity€547,803above the sector's middle half▲ 9.9%€650,446above the sector's middle half▲ 18.7%€756,867above the sector's middle half▲ 16.4%€68,873within the sector's middle half▼ 90.9%€21,965below the sector's middle half▼ 68.1%
Total assets€898,386above the sector's middle half▼ 3.6%€730,627above the sector's middle half▼ 18.7%€810,910above the sector's middle half▲ 11.0%€589,217above the sector's middle half▼ 27.3%€475,745within the sector's middle half▼ 19.3%
Debt€350,583▼ 19.2%€80,182▼ 77.1%€54,043▼ 32.6%€520,344▲ 863%€453,779▼ 12.8%
Working capital€537,576▲ 8.5%€642,096▲ 19.4%€750,666▲ 16.9%-€104,454-€20,936▲ 80.0%
Solvency61.0%within the sector's middle half▲ 7.5pp89.0%above the sector's middle half▲ 28.0pp93.3%above the sector's middle half▲ 4.3pp11.7%below the sector's middle half▼ 81.6pp4.6%below the sector's middle half▼ 7.1pp
Staff (FTE)1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €44,280 in 2024 against €914 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €475,745
Fixed assets
€78,217 ▼ 65.9%
Current assets
€397,528 ▲ 10.5%
Equity and liabilities €475,745
Equity
€21,965 ▼ 68.1%
Debt
€453,779 ▼ 12.8%
Debt's share of the balance-sheet total rises from 88.3% to 95.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€19,345▼
2023 · €9,023
Cash flow
-€21,973▼
2023 · €15,882
Current ratio
0.95▲
2023 · 0.77
Debt to equity
20.66▲
2023 · 7.56
ROE
-213.6%▼
2023 · 8.6%
ROA
-9.9%▼
2023 · 1.0%
Interest coverage
-4.91▼
2023 · 5.64
Debt ≤ 1 year
€418,464▼
2023 · €464,199
Debt > 1 year
€34,716▼
2023 · €46,280
Income taxes
€600▼
2023 · €2,615
Staff costs
€47,403
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 974 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 974 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,490 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €47,403 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,424 | €4,471 | €4,873 | €9,937 | €24,935 | ▲ 151% |
| Other operating charges640/8 | - | €2,413 | €801 | €4,665 | €1,974 | ▼ 57.7% |
| Gross operating margin9900 | €39,008 | €97,928 | €102,646 | €13,688 | €30,032 | ▲ 119% |
| Operating profit (loss)9901 | €34,081 | €91,044 | €96,973 | -€914 | -€44,280 | ▼ 4,745% |
| Financial income75/76B | - | €12,357 | €11,106 | €11,074 | €1,912 | ▼ 82.7% |
| Recurring financial income75 | €16,602 | €12,357 | €11,106 | €11,074 | €1,912 | ▼ 82.7% |
| Financial charges65/66B | - | €758 | €966 | €1,600 | €3,939 | ▲ 146% |
| Recurring financial charges65 | €1,245 | €758 | €966 | €1,600 | €3,939 | ▲ 146% |
| Profit (loss) for the period before taxes9903 | €49,438 | €102,642 | €107,112 | €8,560 | -€46,307 | ▼ 641% |
| Income taxes67/77 | - | - | €690 | €2,615 | €600 | ▼ 77.0% |
| Profit (loss) for the period9904 | €49,438 | €102,642 | €106,422 | €5,945 | -€46,908 | ▼ 889% |
| Profit (loss) for the period to be appropriated9905 | €49,438 | €102,642 | €106,422 | €5,945 | -€46,908 | ▼ 889% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €898,386 | €730,627 | €810,910 | €589,217 | €475,745 | ▼ 19.3% |
| Fixed assets21/28 | €10,227 | €8,369 | €6,460 | €229,472 | €78,217 | ▼ 65.9% |
| Tangible fixed assets22/27 | €10,153 | €8,295 | €6,386 | €94,472 | €78,217 | ▼ 17.2% |
| Furniture and vehicles24 | - | €8,295 | €6,386 | €92,320 | €76,522 | ▼ 17.1% |
| Other tangible fixed assets26 | - | - | - | €2,151 | €1,695 | ▼ 21.2% |
| Financial fixed assets28 | €74 | €74 | €74 | €135,000 | €0 | ▼ 100% |
| Current assets29/58 | €888,159 | €722,259 | €804,450 | €359,746 | €397,528 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €838,567 | €704,688 | €710,194 | €162,902 | €130,982 | ▼ 19.6% |
| Trade receivables40 | - | €149,434 | €141,745 | €146,378 | €104,411 | ▼ 28.7% |
| Other amounts receivable41 | - | €555,254 | €568,448 | €16,523 | €26,570 | ▲ 60.8% |
| Cash at bank and in hand54/58 | €34,490 | €5,214 | €83,151 | €182,781 | €264,404 | ▲ 44.7% |
| Deferred charges and accrued income490/1 | - | €12,357 | €11,106 | €14,063 | €2,142 | ▼ 84.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €898,386 | €730,627 | €810,910 | €589,217 | €475,745 | ▼ 19.3% |
| Equity10/15 | €547,803 | €650,446 | €756,867 | €68,873 | €21,965 | ▼ 68.1% |
| Contributions10/11 | - | €818,040 | €818,040 | €70,000 | €70,000 | = |
| Capital10 | - | - | - | €70,000 | €70,000 | = |
| Issued capital100 | - | - | - | €70,000 | €70,000 | = |
| Outside capital11 | - | - | €818,040 | €0 | - | - |
| Other1109/19 | - | - | €818,040 | €0 | - | - |
| Reserves13 | €116,879 | €116,879 | €116,879 | €2,603 | €2,603 | = |
| Tax-exempt reserves132 | - | €2,603 | €2,603 | €2,603 | €2,603 | = |
| Distributable reserves133 | - | €114,276 | €114,276 | €0 | - | - |
| Profit (loss) carried forward14 | -€387,116 | -€284,474 | -€178,052 | -€3,730 | -€50,637 | ▼ 1,258% |
| Amounts payable17/49 | €350,583 | €80,182 | €54,043 | €520,344 | €453,779 | ▼ 12.8% |
| Amounts payable after more than one year17 | - | - | - | €46,280 | €34,716 | ▼ 25.0% |
| Financial debts170/4 | - | - | - | €46,280 | €34,716 | ▼ 25.0% |
| Amounts payable within one year42/48 | €350,583 | €80,163 | €53,784 | €464,199 | €418,464 | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,039 | €11,564 | ▲ 4.8% |
| Trade debts44 | €18,523 | €11,429 | €19,623 | €33,697 | €9,629 | ▼ 71.4% |
| Suppliers440/4 | - | €11,429 | €19,623 | €33,697 | €9,629 | ▼ 71.4% |
| Taxes, remuneration and social security45 | - | €14,620 | €690 | €3,305 | €8,167 | ▲ 147% |
| Taxes450/3 | - | €14,620 | €690 | €3,305 | €1,688 | ▼ 48.9% |
| Remuneration and social security454/9 | - | - | - | - | €6,479 | - |
| Other amounts payable47/48 | - | €54,114 | €33,471 | €416,157 | €389,104 | ▼ 6.5% |
| Accrued charges and deferred income492/3 | - | €19 | €259 | €9,865 | €600 | ▼ 93.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49,438 | €102,642 | €106,422 | €5,945 | -€46,908 | ▼ 889% |
| + Depreciation and write-downs630 | €3,424 | €4,471 | €4,873 | €9,937 | €24,935 | ▲ 151% |
| Operating cash flow (approximation) | €52,862 | €107,114 | €111,294 | €15,882 | -€21,973 | ▼ 238% |
| Investment in fixed assets (approximation) | - | -€2,612 | -€2,964 | -€232,949 | €126,320 | ▲ 154% |
| Change in cash | - | -€29,275 | €77,937 | €99,630 | €81,623 | ▼ 18.1% |
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
2026
24-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 26-05-2026
- Registered-office move, Chaussée de Waterloo 1389 à 1180 Uccle
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€46,908
Net result drops to -€46,908, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €106,422 ▲3.7%
Operating result €96,973, net result €106,422, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 9.01
Current ratio from 2.53 to 9.01; short-term debt falls from €350,583 to €80,163.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €547,803 ▲9.9%
3 profitable years in a row build equity to €547,803.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1979
Ground area
603 m²
Building footprint
164 m²
Volume, LiDAR
1,884 m³
Parcel 21614H0006/00M019, Brussels · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Waterloosesteenweg 1389, 1180 Ukkel
since 19792.015.856.770
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0006/00M019 | Brussels | 603 m² | 1 · 164 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- GAGAR IMMO
- EXMAPLA
Highest known parent: GAGAR IMMO. The sources do not say who stands above it.
Owners 1
- GAGAR IMMOparentSourceaccounts GAGAR IMMO 202596.47%
Holdings 1
-
100%
According to the 2023 annual accounts of EXMAPLA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 11,762 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-01-1979
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419091567
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.