eXplio
ActiveSummary
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 3,371 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1.6 FTE
- Equity
- €153,008
- Profit
- €23,393
- Parent
- Hybrid Software Group PLC
- BELLEVARDE FINANCIALDirector · permanent representative Joachim VAN HEMELEN
- POWERGRAPHManaging director · permanent representative Guido VAN DER SCHUEREN
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
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 24-10-2026 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
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)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet €23,393 ▼97.1%
- Equity above €150,000equity €153,008 ▲18%
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 97% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,373 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | €0.7m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.2m | €0.3m | €0.1m | €0.2m | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €100 | €100 | €100 | €100 | €0.001m | €0.003m | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.001m | -€0.001m | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.001m | €0.002m | €249 | €0.001m | ▲ 118% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.003m | - | - |
| Gross operating margin9900 | €0.5m | €0.5m | €1.1m | €0.5m | €0.4m | €0.3m | €1.0m | €0.2m | ▼ 82.1% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.9m | €0.2m | €0.2m | €0.05m | €0.8m | €0.02m | ▼ 97.1% |
| Financial income75/76B | - | - | - | - | €0 | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.01m | €0.01m | €0.004m | €136 | €228 | ▲ 67.7% |
| Recurring financial charges65 | €0.06m | €0.06m | €0.05m | €0.01m | €0.01m | €0.004m | €136 | €228 | ▲ 67.7% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.8m | €0.2m | €0.2m | €0.04m | €0.8m | €0.02m | ▼ 97.1% |
| Income taxes67/77 | €233 | €224 | €0 | €0.001m | €218 | €323 | -€0 | - | - |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.8m | €0.2m | €0.2m | €0.04m | €0.8m | €0.02m | ▼ 97.1% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.8m | €0.2m | €0.2m | €0.04m | €0.8m | €0.02m | ▼ 97.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.05m | €0.07m | €0.09m | €0.2m | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 13.2% |
| Fixed assets21/28 | €401 | €300 | €200 | €100 | €0.007m | €0.005m | - | - | - |
| Tangible fixed assets22/27 | €401 | €300 | €200 | €100 | €0.007m | €0.005m | - | - | - |
| Furniture and vehicles24 | - | - | - | €100 | €0.007m | €0.005m | - | - | - |
| Current assets29/58 | €0.05m | €0.07m | €0.09m | €0.2m | €0.07m | €0.1m | €0.2m | €0.2m | ▲ 13.2% |
| Amounts receivable within one year40/41 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | €0.01m | €0.02m | ▲ 8.8% |
| Trade receivables40 | - | - | - | €0.03m | €0.03m | €0.02m | €0.01m | €0.02m | ▲ 8.8% |
| Cash at bank and in hand54/58 | €0.02m | €0.04m | €0.06m | €0.2m | €0.04m | €0.07m | €0.1m | €0.2m | ▲ 16.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.003m | €0.01m | €0.009m | €0.005m | ▼ 42.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.05m | €0.07m | €0.09m | €0.2m | €0.08m | €0.1m | €0.2m | €0.2m | ▲ 13.2% |
| Equity10/15 | -€2.1m | -€1.9m | -€1.1m | -€0.9m | -€0.7m | -€0.7m | €0.1m | €0.2m | ▲ 18.0% |
| Contributions10/11 | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | = |
| Capital10 | - | - | - | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | = |
| Issued capital100 | - | - | - | €8.6m | €8.6m | €8.6m | €8.6m | €8.6m | = |
| Profit (loss) carried forward14 | -€10.7m | -€10.5m | -€9.7m | -€9.5m | -€9.3m | -€9.3m | -€8.5m | -€8.5m | ▲ 0.3% |
| Amounts payable17/49 | €2.1m | €2.0m | €1.2m | €1.1m | €0.8m | €0.8m | €0.04m | €0.04m | ▼ 1.8% |
| Amounts payable after more than one year17 | €2.1m | €1.9m | €1.0m | €1.0m | €0.6m | - | - | - | - |
| Financial debts170/4 | - | - | - | €1.0m | €0.6m | - | - | - | - |
| Amounts payable within one year42/48 | €0.06m | €0.05m | €0.2m | €0.07m | €0.2m | €0.8m | €0.03m | €0.04m | ▲ 21.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | €0.1m | - | - | - | - |
| Financial debts43 | - | - | - | - | €0 | - | - | - | - |
| Other loans439 | - | - | - | - | €0 | - | - | - | - |
| Trade debts44 | €0.02m | €0.01m | €0.02m | €0.008m | €0.02m | €0.005m | €0.004m | €0.007m | ▲ 84.0% |
| Suppliers440/4 | - | - | - | €0.008m | €0.02m | €0.005m | €0.004m | €0.007m | ▲ 84.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.06m | €0.06m | €0.03m | €0.03m | ▲ 13.4% |
| Taxes450/3 | - | - | - | €0.03m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 5.2% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.04m | €0.03m | €0.02m | €0.02m | ▲ 31.7% |
| Other amounts payable47/48 | - | - | - | - | - | €0.7m | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.003m | €0.008m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,375 | €160,125 | €848,682 | €191,287 | €154,052 | €41,011 | €815,889 | €23,393 | ▼ 97.1% |
| + Depreciation and write-downs630 | €100 | €100 | €100 | €100 | €524 | €2,548 | - | - | - |
| Operating cash flow (approximation) | €151,476 | €160,225 | €848,782 | €191,387 | €154,576 | €43,559 | €815,889 | €23,393 | ▼ 97.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€7,644 | €0 | - | - | - |
| Change in cash | - | €20,861 | €19,464 | €99,820 | -€117,711 | €35,589 | €74,583 | €25,124 | ▼ 66.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 04-06-2026 | 2026-00137849 |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00305567 |
| 31-12-2023 | abbreviated format | 21-05-2024 | 2024-00091865 |
| 31-12-2022 | abbreviated format | 15-05-2023 | 2023-00089543 |
| 31-12-2021 | abbreviated format | 30-05-2022 | 2022-20045645 |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-43400288 |
| 31-12-2019 | abbreviated format | 29-05-2020 | 2020-13600332 |
| 31-12-2018 | micro format | 13-05-2019 | 2019-13300187 |
| 31-12-2017 | micro format | 08-06-2018 | 2018-17700392 |
| 31-12-2016 | abbreviated format | 18-07-2017 | 2017-33300534 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €1,960 awarded · €1,960 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 2
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BELLEVARDE FINANCIAL |
|
| POWERGRAPH |
|
| Dirk DE BOSSCHERE |
|
| Guido VAN DER SCHUEREN |
|
Owners and capital
Owners
3 ownersChain of control
- Hybrid Software Group PLCGB
- eXplio
Highest known parent: Hybrid Software Group PLC (United Kingdom). The sources do not say who stands above it.
Owners 3
- Hybrid Software Group PLCGBconsolidating parentconsolidates
-
50%
-
50%
According to the 2025 annual accounts of eXplio and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 17-01-2024 Capital stated in the deed · €8,606,239.33
Group and network
Connections & network
7 connected companiesShow 3 more companies with a shared director
History
Acts, filings and financial milestones
17-01
Gazette deed
Resignations: Dirk DE BOSSCHERE, BELLEVARDE FINANCIAL and Guido VAN DER SCHUERENAppointments: BELLEVARDE FINANCIAL (director) and POWERGRAPH (director) · Permanent representatives: Joachim VAN HEMELEN and Guido VAN DER SCHUEREN · Kind of shares26 facts ▸
- General meeting, 21-12-2023
- Other provision, “WVV applicability, dwingende bepalingen van toepassing, suppletieve bepalingen indien niet afgeweken in statuten” (deed in Dutch)
- Director resignation, Dirk DE BOSSCHERE
- Director resignation, BELLEVARDE FINANCIAL
- Director resignation, Guido VAN DER SCHUEREN
- Director appointment, BELLEVARDE FINANCIAL (director (not named in the articles))
- Permanent representative, Joachim VAN HEMELEN
- Director appointment, POWERGRAPH (director (not named in the articles))
- Permanent representative, Guido VAN DER SCHUEREN
- Other provision, elected domicile, “bestuurders kiezen woonplaats op de zetel van de vennootschap” (deed in Dutch)
- Kind of shares, “schrappen, categorieën van aandelen” (deed in Dutch)
- Transfer restriction, “aanpassen, overdrachtsregeling aandelen” (deed in Dutch)
- +14 further facts in this act
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44043A0411/00H000 | Flanders | 3.0 ha | 1 · 657 m² | 21.6 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De ontwikkeling, de productie, de commercialisatie van informaticaproducten, voornamelijk voor opleiding en trainingsdoeleinden, alsmede het…” (deed in Dutch)
4 activities (deed in Dutch)
- De ontwikkeling, de productie, de commercialisatie van informaticaproducten, voornamelijk voor opleiding en trainingsdoeleinden, alsmede het verstrekken van adviezen en het opmaken van studies desbetreffende
- Het onderzoek, de ontwikkeling, de productie, het onderhoud, het herstellen de ondersteuning en de commercialisering (onder meer middels het aankopen, verkopen, invoeren, uitvoeren en het verlenen van licenties) van of in verband met hard- en software en aanverwante apparatuur, producten en diensten
- Het verlenen van diensten inzake het onderzoek, de ontwikkeling, de productie, het onderhoud, het herstellen, de ondersteuning en de commercialisering van of in verband met hard- en software en aanverwante apparatuur, producten en diensten
- Het ontwikkelen, aankopen, verkopen, ingebruikstellen en onderhouden van grafische softwareproducten en systemen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- EXplio
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer zij ondertekend worden, ofwel door twee bestuurders…”
- Board ruleHow the board is made up, meets and takes decisions.
- “6 jaar, te allen tijde en zonder opgave van redenen met onmiddellijke ingang” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Tijdstip en plaatsen door raad van bestuur aangeduid, jaarvergadering bij gewone meerderheid” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of April at 16:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “De rechten verbonden aan de effecten van de effectenhouder mogen niet geschorst zijn; indien enkel de stemrechten geschorst zijn, mag hij…” (deed in Dutch)