exP nature
ActiveSummary
exP nature has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,692) and a net result of €13,754. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 2344 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+10
Solvency22▲+22
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 0.6 in 2024; short-term debt: 100% and cash: 17.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer 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
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 2025Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
25.3%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 2344 sector peers (2025).
NBB · sector comparisonPosition among 2344 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-05-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
11 d late
2024
65 d early
2023
39 d early
2022
6 d early
2021
61 d early
2020
32 d early
2019
55 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 35 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
-€1,692▲ 89.0%
2024 · -€15,446
Total assets
€54,335▲ 56.8%
2024 · €34,663
Net result
€13,754▲ 134%
2024 · €5,870
Working capital
-€2,780▲ 86.1%
2024 · -€19,967
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, 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-€12,038▲ 17.2%-€2,951▲ 75.5%€818€6,239▲ 663%€15,912▲ 155%
Net result-€12,692below the sector's middle half▲ 16.2%-€3,452within the sector's middle half▲ 72.8%€449within the sector's middle half€5,870within the sector's middle half▲ 1,207%€13,754within the sector's middle half▲ 134%
Equity-€18,314below the sector's middle half▼ 226%-€21,766below the sector's middle half▼ 18.8%-€21,316below the sector's middle half▲ 2.1%-€15,446below the sector's middle half▲ 27.5%-€1,692within the sector's middle half▲ 89.0%
Total assets€23,155below the sector's middle half▼ 13.9%€27,828below the sector's middle half▲ 20.2%€29,154below the sector's middle half▲ 4.8%€34,663below the sector's middle half▲ 18.9%€54,335below the sector's middle half▲ 56.8%
Debt€41,469▲ 27.6%€49,594▲ 19.6%€50,470▲ 1.8%€50,110▼ 0.7%€56,027▲ 11.8%
Working capital-€36,596▼ 22.9%-€35,488▲ 3.0%-€30,491▲ 14.1%-€19,967▲ 34.5%-€2,780▲ 86.1%
Solvency-79.1%below the sector's middle half▼ 58.2pp-78.2%below the sector's middle half▲ 0.9pp-73.1%below the sector's middle half▲ 5.1pp-44.6%below the sector's middle half▲ 28.6pp-3.1%below the sector's middle half▲ 41.4pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 155% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,335
Fixed assets
€2,774 ▼ 38.6%
Current assets
€51,561 ▲ 71.1%
Key figures and ratios
EBITDA
€17,658▲
2024 · €10,893
Cash flow
€15,501▲
2024 · €10,524
Current ratio
0.95▲
2024 · 0.60
Debt to equity
-33.11▼
2024 · -3.24
ROA
25.3%▲
2024 · 16.9%
Interest coverage
69.28▲
2024 · 57.78
Debt ≤ 1 year
€54,341▲
2024 · €50,110
Income taxes
€2,076▲
2024 · €239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 3,639 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,548 | €7,891 | €8,921 | €4,654 | €1,747 | ▼ 62.5% |
| Other operating charges640/8 | - | - | €411 | €384 | - | - |
| Gross operating margin9900 | -€4,491 | €4,940 | €10,149 | €11,278 | €17,658 | ▲ 56.6% |
| Operating profit (loss)9901 | -€12,038 | -€2,951 | €818 | €6,239 | €15,912 | ▲ 155% |
| Financial income75/76B | - | - | €1 | €58 | €174 | ▲ 201% |
| Recurring financial income75 | €0 | - | €1 | €58 | €174 | ▲ 201% |
| Financial charges65/66B | - | €227 | €131 | €189 | €255 | ▲ 35.2% |
| Recurring financial charges65 | €308 | €227 | €131 | €189 | €255 | ▲ 35.2% |
| Profit (loss) for the period before taxes9903 | -€12,346 | -€3,178 | €688 | €6,109 | €15,831 | ▲ 159% |
| Income taxes67/77 | €345 | €274 | €239 | €239 | €2,076 | ▲ 769% |
| Profit (loss) for the period9904 | -€12,692 | -€3,452 | €449 | €5,870 | €13,754 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | -€12,692 | -€3,452 | €449 | €5,870 | €13,754 | ▲ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,155 | €27,828 | €29,154 | €34,663 | €54,335 | ▲ 56.8% |
| Fixed assets21/28 | €18,282 | €13,722 | €9,174 | €4,521 | €2,774 | ▼ 38.6% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €18,282 | €13,722 | €9,174 | €4,521 | €2,774 | ▼ 38.6% |
| Plant, machinery and equipment23 | - | €264 | €525 | €395 | €266 | ▼ 32.8% |
| Furniture and vehicles24 | - | €12,309 | €7,692 | €3,359 | €1,933 | ▼ 42.4% |
| Other tangible fixed assets26 | - | €1,150 | €958 | €766 | €575 | ▼ 25.0% |
| Current assets29/58 | €4,872 | €14,106 | €19,979 | €30,143 | €51,561 | ▲ 71.1% |
| Amounts receivable within one year40/41 | €1,934 | €3,048 | €3,195 | €8,531 | €11,905 | ▲ 39.5% |
| Trade receivables40 | - | €1,861 | €3,195 | €8,049 | €11,020 | ▲ 36.9% |
| Other amounts receivable41 | - | €1,187 | - | €483 | €885 | ▲ 83.4% |
| Current investments50/53 | €36 | €26 | €14 | €15,622 | €30,296 | ▲ 93.9% |
| Cash at bank and in hand54/58 | €2,760 | €10,829 | €16,554 | €5,812 | €9,360 | ▲ 61.1% |
| Deferred charges and accrued income490/1 | - | €202 | €217 | €178 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,155 | €27,828 | €29,154 | €34,663 | €54,335 | ▲ 56.8% |
| Equity10/15 | -€18,314 | -€21,766 | -€21,316 | -€15,446 | -€1,692 | ▲ 89.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€36,914 | -€40,366 | -€39,916 | -€34,046 | -€20,292 | ▲ 40.4% |
| Amounts payable17/49 | €41,469 | €49,594 | €50,470 | €50,110 | €56,027 | ▲ 11.8% |
| Amounts payable within one year42/48 | €41,469 | €49,594 | €50,470 | €50,110 | €54,341 | ▲ 8.4% |
| Trade debts44 | €2,182 | - | €698 | €713 | €10,608 | ▲ 1,389% |
| Suppliers440/4 | - | - | €698 | €713 | €10,608 | ▲ 1,389% |
| Taxes, remuneration and social security45 | - | €1,723 | €1,971 | €3,180 | €4,965 | ▲ 56.1% |
| Taxes450/3 | - | €1,723 | €1,971 | €3,180 | €4,965 | ▲ 56.1% |
| Other amounts payable47/48 | - | €47,871 | €47,801 | €46,217 | €38,768 | ▼ 16.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,686 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,692 | -€3,452 | €449 | €5,870 | €13,754 | ▲ 134% |
| + Depreciation and write-downs630 | €7,548 | €7,891 | €8,921 | €4,654 | €1,747 | ▼ 62.5% |
| Operating cash flow (approximation) | -€5,144 | €4,439 | €9,370 | €10,524 | €15,501 | ▲ 47.3% |
| Investment in fixed assets (approximation) | - | -€3,331 | -€4,373 | €0 | €0 | - |
| Change in cash | - | €8,069 | €5,724 | -€10,742 | €3,548 | ▲ 133% |
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
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
30-09
Financial
Highest result since 2018net €13,754 ▲134%
Operating result €15,912, net result €13,754, both a record.
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €449
Net result €449 after 4 loss-making years.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€15,140
Net result drops to -€15,140, the lowest in the series; recovery starts the following year.
06-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-03
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Marche-en-Famenne · 1 establishment unit since 2008
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.
Marche, Thier des Corbeaux 256900 Marche-en-Famenne1 establishment unit
exP nature
since 20082.169.160.322
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Of 6,734 companies in sector 93299 we hold annual accounts for 1,169. 665 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
Founded07-03-2008
Fiscal year end30-09
Activities, NACEBEL 2025
93299Other amusement and recreation activities
32400Other manufacturing
47640Retail sale of games and toys
77229Renting and leasing of other personal and household goods
93291Operation of fairground attractions
Contact
Phone
0472/294211Marche-en-Famenne
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896304546
Also
9925:BE0896304546
Registered
19-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.