Exolon Group
ActiveExolon Group has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.81M and a net result of €482k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 186 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▲+6
Solvency38▲+3
Growth35=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €490k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.67 in 2024), and 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
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
27.9%
Return on assets
1.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 186 sector peers (2025).
NBB · sector comparisonPosition among 186 sector peers
Solvency
better than 24%
← weakest
strongest →
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
43 d early
2023
28 d early
2022
26 d early
2021
48 d early
2020
40 d early
2019
35 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€80.91M▲ 0.4%
2024 · €80.59M
2018: €71.92M
2019: €69.95M
2020: €106.77M
2021: €89.67M
2022: €90.68M
2023: €82.52M
2024: €80.59M
2018 → 2025
EBIT margin
2.1%▲ 0.3pp
2024 · 1.8%
2018: 3.5%
2019: 3.7%
2020: 12.0%
2021: 9.4%
2022: 2.3%
2023: -0.8%
2024: 1.8%
2018 → 2025
Net result
€482k▲ 211%
2024 · €155k
2018: €1.85M
2019: €1.70M
2020: €8.96M
2021: €5.80M
2022: €824k
2023: €-2.71M
2024: €155k
2018 → 2025
Working capital
€-5.37M▲ 22.1%
2024 · €-6.89M
2018: €8.15M
2019: €4.69M
2020: €3.38M
2021: €-4.33M
2022: €-3.36M
2023: €-7.24M
2024: €-6.89M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€89.67M-€90.68M▲ 1.1%€82.52M▼ 9.0%€80.59M▼ 2.3%€80.91M▲ 0.4%
Equity€10.11M-€10.89M▲ 7.7%€8.17M▼ 24.9%€8.33M▲ 1.9%€8.81M▲ 5.8%
Operating result€8.46M-€2.09M▼ 75.4%€-683k€1.44M€1.69M▲ 16.9%
Net result€5.80M-€824k▼ 85.8%€-2.71M€155k€482k▲ 211%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.58M
Fixed assets
€15.67M▼ 5.7%
Current assets
€15.91M▲ 12.0%
Equity and liabilities €31.58M
Equity
€8.81M▲ 5.8%
Provisions
€276k▼ 15.6%
Debt
€22.50M▲ 1.4%
The debt ratio falls from 71.9% to 71.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€3.44M▲
2024 · €3.41M
Cash flow
€2.23M▲
2024 · €2.13M
Solvency
27.9%▲
2024 · 27.0%
Current ratio
0.75▲
2024 · 0.67
Quick ratio
0.21▲
2024 · 0.15
Debt / equity
2.55▼
2024 · 2.66
ROE
5.5%▲
2024 · 1.9%
ROA
1.5%▲
2024 · 0.5%
Interest coverage
15.60▲
2024 · 11.57
Debt
€22.50M▲
2024 · €22.18M
Debt ≤ 1 year
€21.28M▲
2024 · €21.10M
Debt > 1 year
€1.20M▲
2024 · €1.07M
Income taxes
€9k▼
2024 · €20k
Staff costs
€12.71M▲
2024 · €12.11M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€30.83M€31.58M▲
Fixed assets21/28€16.62M€15.67M▼
Intangible fixed assets21€1.20M€719k▼
Tangible fixed assets22/27€7.76M€7.32M▼
Land and buildings22€794k€707k▼
Plant, machinery and equipment23€6.62M€6.25M▼
Furniture and vehicles24€225k€200k▼
Assets under construction and advance payments27€130k€160k▲
Financial fixed assets28€7.66M€7.63M▼
Affiliated companies280/1€7.66M€7.63M▼
Participating interests280€7.30M€7.30M=
Amounts receivable281€359k€330k▼
Other financial fixed assets284/8€4k€4k=
Amounts receivable and cash guarantees285/8€4k€4k=
Current assets29/58€14.21M€15.91M▲
Stocks and contracts in progress3€11.15M€11.34M▲
Stocks30/36€11.15M€11.34M▲
Raw materials and consumables30/31€5.57M€5.96M▲
Work in progress32€78k€87k▲
Finished goods33€5.38M€5.25M▼
Goods purchased for resale34€120k€43k▼
Amounts receivable within one year40/41€1.94M€3.58M▲
Trade receivables40€1.55M€3.21M▲
Other amounts receivable41€381k€369k▼
Cash at bank and in hand54/58€886k€744k▼
Deferred charges and accrued income490/1€243k€245k▲
Equity and liabilities
Total equity and liabilities10/49€30.83M€31.58M▲
Equity10/15€8.33M€8.81M▲
Contributions10/11€5.00M€6.75M▲
Capital10€5.00M€6.75M▲
Issued capital100€5.00M€6.75M▲
Reserves13€3.33M€2.06M▼
Non-distributable reserves130/1€500k€675k▲
Legal reserve130€500k€675k▲
Tax-exempt reserves132€101k€90k▼
Distributable reserves133€2.73M€1.29M▼
Provisions and deferred taxes16€327k€276k▼
Provisions for liabilities and charges160/5€297k€249k▼
Pensions and similar obligations160€81k€40k▼
Other liabilities and charges164/5€216k€209k▼
Deferred taxes168€30k€27k▼
Amounts payable17/49€22.18M€22.50M▲
Amounts payable after more than one year17€1.07M€1.20M▲
Financial debts170/4€1.07M€1.20M▲
Credit institutions173€68k€51k▼
Other loans174€1.00M€1.15M▲
Amounts payable within one year42/48€21.10M€21.28M▲
Current portion of amounts payable after more than one year42€302k€16k▼
Financial debts43€4.07M€4.07M▲
Credit institutions430/8€4.07M€4.07M▲
Trade debts44€13.64M€14.57M▲
Suppliers440/4€13.64M€14.57M▲
Advances received on contracts in progress46€223k€183k▼
Taxes, remuneration and social security45€2.36M€2.44M▲
Taxes450/3€316k€338k▲
Remuneration and social security454/9€2.05M€2.10M▲
Other amounts payable47/48€505k-
Accrued charges and deferred income492/3€7k€10k▲
Income statement
Code20242025
Operating income70/76A€82.42M€81.80M▼
Turnover70€80.59M€80.91M▲
Change in stocks of work in progress, finished goods and contracts in progress71€839k€-123k▼
Other operating income74€990k€1.02M▲
Non-recurring operating income76A€812-
Operating charges60/66A€80.98M€80.12M▼
Goods for resale, raw materials and consumables60€51.06M€49.14M▼
Purchases600/8€51.67M€49.46M▼
Change in stocks: decrease (increase)609€-604k€-319k▲
Services and other goods61€15.50M€16.53M▲
Remuneration, social security and pensions62€12.11M€12.71M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.97M€1.75M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-177k
Provisions for liabilities and charges: additions (uses and reversals)635/8€-12k€-48k▼
Other operating charges640/8€85k€214k▲
Non-recurring operating charges66A€260k-
Operating profit (loss)9901€1.44M€1.69M▲
Financial income75/76B€181k€144k▼
Recurring financial income75€181k€144k▼
Income from current assets751€14k€12k▼
Other financial income752/9€167k€131k▼
Financial charges65/66B€1.45M€1.34M▼
Recurring financial charges65€1.45M€1.34M▼
Debt charges650€295k€220k▼
Other financial charges652/9€1.16M€1.12M▼
Profit (loss) for the period before taxes9903€172k€488k▲
Transfer from deferred taxes780€3k€3k=
Income taxes67/77€20k€9k▼
Taxes670/3€20k€10k▼
Tax adjustments and reversals of tax provisions77-€905
Profit (loss) for the period9904€155k€482k▲
Transfer from tax-exempt reserves789€10k€10k=
Profit (loss) for the period to be appropriated9905€166k€493k▲
Appropriation of the result
Profit (loss) to be appropriated9906€166k€493k▲
Transfer from equity791/2-€1.75M
From reserves792-€1.75M
Transfer to equity691/2€166k€493k▲
To the legal reserve6920-€175k
To other reserves6921€166k€318k▲
Profit to be distributed694/7-€1.75M
Return on contributions (dividend)694-€1.75M
Social balance
Average headcount (FTE)9087144.4146.8▲
The notes to these accounts (78 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €155k
Net result €155k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-2.71M ▼429%
Net result drops to €-2.71M, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €10.11M ▲19.4%
4 profitable years in a row build equity to €10.11M.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €8.96M ▲427%
Operating result €12.83M, net result €8.96M, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
22 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, Tielt · 1 establishment unit since 1983
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wakkensesteenweg 478700 TieltGround area
2.5 ha
Building footprint
1.1 ha
Volume, LiDAR
83,870 m³
Parcel 37303H0171/00W000, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Exolon Group
since 19832.023.720.502
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303H0171/00W000 | Flanders | 2.5 ha | 1 · 1.1 ha | 15.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 46,289 EUR awarded · 46,289 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 12,257 EUR | 12,257 EUR |
| 2024 | 1 | 5,591 EUR | 5,591 EUR |
| 2023 | 2 | 25,033 EUR | 25,033 EUR |
| 2022 | 1 | 3,408 EUR | 3,408 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Energiesteun 2 (stopgezet)
Individueel Maatwerk
Recognitions · licences · registrations
Legal Entity Identifier
529900IOLRRTGJXT4G65
Similar companies · same sector, comparable size
Feronyl
BE 0401.237.827
Mouscron · Eq €8.28M
INNO - MOULD
BE 0475.174.195
Beveren-Kruibeke-Zwijndrecht · Eq €8.02M
HELVOET RUBBER & PLASTIC TECHNOLOGIES
BE 0867.662.822
Lommel · Eq €7.99M
Moderna Products
BE 0405.574.519
Izegem · Eq €7.78M
EURONYL
BE 0446.570.479
Nazareth-De Pinte · Eq €10.01M
Of 366 companies in sector 22210 we hold annual accounts for 288. 122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-12-1983
Fiscal year end31-12
Activities, NACEBEL
22210Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.