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eXplio

Active
Public limited companyfounded 1989active for 37 yearsGuldensporenpark 20, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0436.576.808
Summary

eXplio has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €153,008 and a net result of €23,393. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 79% of 3,365 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Computer programming
NACE 62100
3rd oldest company in Merelbeke-Melle, Telecoms and IT sector1 site
Size
€194,327total assets 2025
Staff
1.6 FTE
Equity
€153,008
Profit
€23,393
Turnover not published (abbreviated or micro format)
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Parent
Hybrid Software Group PLC
  • BELLEVARDE FINANCIALDirector · permanent representative Joachim VAN HEMELEN
  • POWERGRAPHManaging director · permanent representative Guido VAN DER SCHUEREN
Accounts 57 days early1 of 10 deeds read
Why 96lowers riskLiquidity: current ratio 4.70, cash €173,461Equity €153,008 (78.7% of total assets)Sector: Computer programming, consultancy and related activities (NACE 62)Size: 1.6 FTE, total assets €194,327Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 64% of its sector peers (NACE 62, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 78.7% of total assets
Liquidity 93-1
short-term debt 21.3% · cash 89.3%
Profitability 68-32
return on assets 12.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,871 companies, NACE 62, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025highest value 08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.7, compared with 5.04 in 2024, above the usual 1.5; short-term debt: 21.3% and cash: 89.3% of total assets), and 21.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 85% on solvency, 81% on liquidity, 27% on profitability and 64% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 4.70, cash €173,461
NBB · annual accounts
lowers risk · Equity €153,008 (78.7% of total assets)
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: 1.6 FTE, total assets €194,327
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 filings
Deviation from the deadline
2025
57 days early
2024
7 days early
2023
71 days early
2022
77 days early
2021
62 days early
2020
1 day early
2019
63 days 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 48 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet €23,393 ▼97.1%
  3. Equity above €150,000equity €153,008 ▲18%

Key points

  • Caution: Result fell in 2025from €815,889 to €23,393 ▼ 97.1% View
  • Positive: 3rd oldest company in Merelbeke-Melle, Telecoms and IT sectorin the Checked rankings No. 3 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €23,393 8 years View
  • Controlled by Hybrid Software Group PLCknown shareholders 100% parent View

By topic

Financials

Financial year
2025
Total assets
€194,327
Profit
€23,393
Solvency
78.7%
Total assets▲ 13.2%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
Hybrid Software Group PLC
Known shareholders
100%
  • BELLEVARDE FINANCIALDirector
  • POWERGRAPHManaging director
Go to Board & ownership

Timeline

Events
43
Since
1991
Next accounts
by 31-07-2027
  1. 24-07-2025Annual accounts filed
  2. 31-12-2024Liquidity more than 39 times
  3. 31-12-2024Equity above €100,000
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
23-01-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
10
Annual meeting
Last Thursday of April at 16:00
Purpose
“De ontwikkeling, de productie, de commercialisatie van informaticaproducten, voornamelijk…” (deed in Dutch)
Go to Articles of association

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