EXPLOITS
ActiveSummary
EXPLOITS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.67M and a net result of €699k. Equity is growing by ~9.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 1004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 3.9 against 2.65 in 2024; short-term debt: 12.4% and cash: 2.7% of total assets), and 18.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
81.4%
Return on assets
21.4%
Age of the figures
9 mo
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
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
29 d late
2023
29 d late
2022
17 d late
2021
17 d early
2020
18 d late
2019
20 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€699k▲ 59.8%
2024 · €438k
2018: €154k
2019: €215k▲ +39.3% vs 2018
2020: €107k▼ -50.3% vs 2019lowest in 8 years
2021: €146k▲ +37.2% vs 2020
2022: €195k▲ +33.0% vs 2021
2023: €331k▲ +70.1% vs 2022
2024: €438k▲ +32.2% vs 2023
2025: €699k▲ +59.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€1.18M▲ 84.6%
2024 · €641k
2018: €-212klowest in 8 years
2019: €-177k▲ +16.3% vs 2018
2020: €-76k▲ +57.1% vs 2019
2021: €63k▲ +183% vs 2020
2022: €264k▲ +317% vs 2021
2023: €257k▼ -2.6% vs 2022
2024: €641k▲ +149% vs 2023
2025: €1.18M▲ +84.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.78M▲ 12.3%€1.85M▲ 4.1%€2.07M▲ 12.1%€2.67M▲ 28.6%
2021: €1.58Mlowest in 5 years
2022: €1.78M▲ +12.3% vs 2021
2023: €1.85M▲ +4.1% vs 2022
2024: €2.07M▲ +12.1% vs 2023
2025: €2.67M▲ +28.6% vs 2024highest in 5 years
Operating result€73k-€66k▼ 9.6%€63k▼ 5.1%€-64k€18k
2021: €73khighest in 5 years
2022: €66k▼ -9.6% vs 2021
2023: €63k▼ -5.1% vs 2022
2024: €-64k▼ -201% vs 2023lowest in 5 years
2025: €18k▲ +127% vs 2024
Net result€146k-€195k▲ 33.0%€331k▲ 70.1%€438k▲ 32.2%€699k▲ 59.8%
2021: €146klowest in 5 years
2022: €195k▲ +33.0% vs 2021
2023: €331k▲ +70.1% vs 2022
2024: €438k▲ +32.2% vs 2023
2025: €699k▲ +59.8% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €64k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.27M
Fixed assets
€1.68M ▼ 0.3%
Current assets
€1.59M ▲ 54.4%
Equity and liabilities €3.27M
Equity
€2.67M ▲ 28.6%
Debt
€609k ▼ 5.9%
Debt's share of the balance-sheet total falls from 23.8% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2024 · €-55k
Cash flow
€707k▲
2024 · €446k
Current ratio
3.90▲
2024 · 2.65
Debt to equity
0.23▼
2024 · 0.31
ROE
26.2%▲
2024 · 21.1%
ROA
21.4%▲
2024 · 16.1%
Interest coverage
2.00▲
2024 · -3.52
Debt ≤ 1 year
€407k▲
2024 · €389k
Debt > 1 year
€202k▼
2024 · €257k
Income taxes
€53k▼
2024 · €66k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.72M€3.27M▲
Fixed assets21/28€1.69M€1.68M▼
Tangible fixed assets22/27€101k€95k▼
Land and buildings22€97k€92k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€956€2k▲
Financial fixed assets28€1.59M€1.59M=
Current assets29/58€1.03M€1.59M▲
Amounts receivable after more than one year29€225k€117k▼
Trade receivables290€225k€117k▼
Amounts receivable within one year40/41€129k€130k▲
Trade receivables40€19k€22k▲
Other amounts receivable41€110k€108k▼
Current investments50/53-€1.25M
Cash at bank and in hand54/58€673k€88k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€2.72M€3.27M▲
Equity10/15€2.07M€2.67M▲
Contributions10/11€12k€12k=
Reserves13€1.23M€1.83M▲
Non-distributable reserves130/1€18k€18k=
Reserves not available under the articles1311€18k€18k=
Distributable reserves133€1.22M€1.81M▲
Profit (loss) carried forward14€826k€826k=
Amounts payable17/49€647k€609k▼
Amounts payable after more than one year17€257k€202k▼
Financial debts170/4€257k€202k▼
Amounts payable within one year42/48€389k€407k▲
Current portion of amounts payable after more than one year42€64k€60k▼
Financial debts43€14k€48k▲
Credit institutions430/8€14k€48k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€45k€19k▼
Taxes450/3€45k€19k▼
Remuneration and social security454/9€55-
Other amounts payable47/48€265k€278k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€8k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-156k-
Other operating charges640/8€3k€3k▼
Gross operating margin9900€-208k€28k▲
Operating profit (loss)9901€-64k€18k▲
Financial income75/76B€583k€747k▲
Recurring financial income75€583k€747k▲
Financial charges65/66B€16k€13k▼
Recurring financial charges65€16k€13k▼
Profit (loss) for the period before taxes9903€503k€752k▲
Income taxes67/77€66k€53k▼
Profit (loss) for the period9904€438k€699k▲
Profit (loss) for the period to be appropriated9905€438k€699k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.26M€1.53M▲
Profit (loss) brought forward from the previous period14P€826k€826k=
Transfer from equity791/2€215k€107k▼
Transfer to equity691/2€438k€699k▲
To other reserves6921€438k€699k▲
Profit to be distributed694/7€215k€107k▼
Return on contributions (dividend)694€215k€107k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €27k | €9k | €8k | ▼ 13.2% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €-156k | - | - |
| Other operating charges640/8 | €2k | €1k | €2k | €3k | €3k | ▼ 0.2% |
| Gross operating margin9900 | €83k | €76k | €92k | €-208k | €28k | ▲ 113% |
| Operating profit (loss)9901 | €73k | €66k | €63k | €-64k | €18k | ▲ 127% |
| Financial income75/76B | €111k | €167k | €332k | €583k | €747k | ▲ 28.2% |
| Recurring financial income75 | €111k | €167k | €332k | €583k | €747k | ▲ 28.2% |
| Financial charges65/66B | €1k | €1k | €14k | €16k | €13k | ▼ 20.2% |
| Recurring financial charges65 | €1k | €1k | €14k | €16k | €13k | ▼ 20.2% |
| Profit (loss) for the period before taxes9903 | €183k | €232k | €380k | €503k | €752k | ▲ 49.4% |
| Income taxes67/77 | €37k | €37k | €49k | €66k | €53k | ▼ 19.5% |
| Profit (loss) for the period9904 | €146k | €195k | €331k | €438k | €699k | ▲ 59.8% |
| Profit (loss) for the period to be appropriated9905 | €146k | €195k | €331k | €438k | €699k | ▲ 59.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.87M | €1.99M | €2.67M | €2.72M | €3.27M | ▲ 20.4% |
| Fixed assets21/28 | €1.68M | €1.67M | €2.07M | €1.69M | €1.68M | ▼ 0.3% |
| Tangible fixed assets22/27 | €19k | €13k | €109k | €101k | €95k | ▼ 5.5% |
| Land and buildings22 | - | - | €103k | €97k | €92k | ▼ 5.5% |
| Furniture and vehicles24 | €4k | €4k | €2k | €2k | €1k | ▼ 42.3% |
| Other tangible fixed assets26 | €16k | €9k | €3k | €956 | €2k | ▲ 98.1% |
| Financial fixed assets28 | €1.66M | €1.66M | €1.96M | €1.59M | €1.59M | = |
| Current assets29/58 | €197k | €322k | €609k | €1.03M | €1.59M | ▲ 54.4% |
| Amounts receivable after more than one year29 | - | - | - | €225k | €117k | ▼ 48.0% |
| Trade receivables290 | - | - | - | €225k | €117k | ▼ 48.0% |
| Amounts receivable within one year40/41 | €89k | €143k | €206k | €129k | €130k | ▲ 0.8% |
| Trade receivables40 | €246 | €0 | €19k | €19k | €22k | ▲ 16.5% |
| Other amounts receivable41 | €88k | €143k | €188k | €110k | €108k | ▼ 1.8% |
| Current investments50/53 | - | - | - | - | €1.25M | - |
| Cash at bank and in hand54/58 | €105k | €178k | €402k | €673k | €88k | ▼ 87.0% |
| Deferred charges and accrued income490/1 | €4k | €620 | €310 | €3k | €6k | ▲ 91.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.87M | €1.99M | €2.67M | €2.72M | €3.27M | ▲ 20.4% |
| Equity10/15 | €1.58M | €1.78M | €1.85M | €2.07M | €2.67M | ▲ 28.6% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €744k | €938k | €1.01M | €1.23M | €1.83M | ▲ 48.0% |
| Non-distributable reserves130/1 | €18k | €18k | €18k | €18k | €18k | = |
| Reserves not available under the articles1311 | €18k | €18k | €18k | €18k | €18k | = |
| Distributable reserves133 | €726k | €920k | €993k | €1.22M | €1.81M | ▲ 48.7% |
| Profit (loss) carried forward14 | €826k | €826k | €826k | €826k | €826k | = |
| Provisions and deferred taxes16 | €156k | €156k | €156k | - | - | - |
| Provisions for liabilities and charges160/5 | €156k | €156k | €156k | - | - | - |
| Pensions and similar obligations160 | €156k | €156k | €156k | - | - | - |
| Amounts payable17/49 | €134k | €58k | €668k | €647k | €609k | ▼ 5.9% |
| Amounts payable after more than one year17 | - | - | €315k | €257k | €202k | ▼ 21.5% |
| Financial debts170/4 | - | - | €315k | €257k | €202k | ▼ 21.5% |
| Amounts payable within one year42/48 | €134k | €58k | €351k | €389k | €407k | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | - | €60k | €64k | €60k | ▼ 5.6% |
| Financial debts43 | €13k | €13k | €14k | €14k | €48k | ▲ 258% |
| Credit institutions430/8 | €13k | €13k | €14k | €14k | €48k | ▲ 258% |
| Trade debts44 | €40 | €45 | €2k | €2k | €2k | ▲ 18.6% |
| Suppliers440/4 | €40 | €45 | €2k | €2k | €2k | ▲ 18.6% |
| Taxes, remuneration and social security45 | €10k | €11k | €18k | €45k | €19k | ▼ 57.4% |
| Taxes450/3 | €10k | €11k | €18k | €45k | €19k | ▼ 57.3% |
| Remuneration and social security454/9 | - | - | - | €55 | - | - |
| Other amounts payable47/48 | €110k | €34k | €258k | €265k | €278k | ▲ 4.7% |
| Accrued charges and deferred income492/3 | - | €170 | €1k | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146k | €195k | €331k | €438k | €699k | ▲ 59.8% |
| + Depreciation and write-downs630 | €8k | €8k | €27k | €9k | €8k | ▼ 13.2% |
| Operating cash flow (approximation) | €154k | €203k | €358k | €446k | €707k | ▲ 58.3% |
| Investment in fixed assets (approximation) | - | €-2k | €-423k | €366k | €-2k | ▼ 101% |
| Change in cash | - | €74k | €224k | €271k | €-585k | ▼ 316% |
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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €699k ▲59.8%
Net result €699k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €2MEq €2.07M ▲12.1%
7 profitable years in a row build equity to €2.07M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 5.55
Current ratio from 1.47 to 5.55; short-term debt falls from €134k to €58k.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.47
Current ratio from 0.64 to 1.47; short-term debt falls from €211k to €134k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet €107k ▼50.3%
Net result drops to €107k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Gerpinnes
Ground area
875 m²
Building footprint
145 m²
Volume, LiDAR
756 m³
Parcel 52041A0112/00Y000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52041A0112/00Y000 | Wallonia | 875 m² | 1 · 145 m² | 8.2 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
6488F2S20AQY151IB295
Similar companies · same sector, comparable size
HUISSIER AVAUX
BE 0471.561.441
Tubize · Eq €2.66M
BOGIMADS
BE 0479.156.739
Tournai · Eq €2.68M
FIRST ESTATE
BE 0835.784.761
Asse · Eq €2.63M
Modero Oost-Vlaanderen
BE 0837.616.675
Sint-Niklaas · Eq €2.62M
ETUDE DES HUISSIERS DE JUSTICE MILIS, BRUNINX & PARTNERS
BE 0896.128.362
Liège · Eq €2.81M
Of 1,019 companies in sector 69103 we hold annual accounts for 611. 266 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
Founded13-08-2002
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
Scores and ratios are computed by Checked and are not a credit decision.