EXPLORER LABS
ActiveSummary
EXPLORER LABS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61,257 and a net result of €2,192. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 37965 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability36▼-56
Solvency100▲+40
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 7.83 against 1.53 in 2023; short-term debt: 12.4% and cash: 55.7% of total assets), and 12.4% of the assets are financed with debt.
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Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
87.6%
Return on assets
3.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
26 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€61,257▲ 3.7%
2023 · €59,066
Total assets
€69,939▼ 58.5%
2023 · €168,427
Net result
€2,192▼ 93.0%
2023 · €31,336
Working capital
€59,267▲ 1.6%
2023 · €58,360
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line202220232024
Operating result€31,500-€45,128▲ 43.3%€6,870▼ 84.8%
Net result€24,729within the sector's middle half-€31,336within the sector's middle half▲ 26.7%€2,192below the sector's middle half▼ 93.0%
Equity€27,729within the sector's middle half-€59,066within the sector's middle half▲ 113%€61,257within the sector's middle half▲ 3.7%
Total assets€51,946below the sector's middle half-€168,427within the sector's middle half▲ 224%€69,939below the sector's middle half▼ 58.5%
Debt€24,217-€109,361▲ 352%€8,682▼ 92.1%
Working capital€26,238within the sector's middle half-€58,360within the sector's middle half▲ 122%€59,267within the sector's middle half▲ 1.6%
Solvency53.4%within the sector's middle half-35.1%within the sector's middle half▼ 18.3pp87.6%above the sector's middle half▲ 52.5pp
Current ratio2.08within the sector's middle half-1.53within the sector's middle half▼ 0.557.83above the sector's middle half▲ 6.29
Return on assets (ROA)47.6%above the sector's middle half-18.6%within the sector's middle half▼ 29.0pp3.1%within the sector's middle half▼ 15.5pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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 falls in 2024; 2024 is 85% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69,939
Fixed assets
€1,990 ▲ 182%
Current assets
€67,949 ▼ 59.5%
Equity and liabilities €69,939
Equity
€61,257 ▲ 3.7%
Debt
€8,682 ▼ 92.1%
Debt's share of the balance-sheet total falls from 64.9% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,035▼
2023 · €45,914
Cash flow
€3,357▼
2023 · €32,122
Debt to equity
0.14▼
2023 · 1.85
ROE
3.6%▼
2023 · 53.1%
Interest coverage
1.62▼
2023 · 24.31
Debt ≤ 1 year
€8,682▼
2023 · €109,361
Income taxes
€1,513▼
2023 · €12,404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 5,048 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €865 | €785 | €1,165 | ▲ 48.3% |
| Other operating charges640/8 | €102 | €1,439 | €390 | ▼ 72.9% |
| Gross operating margin9900 | €32,467 | €47,353 | €8,425 | ▼ 82.2% |
| Operating profit (loss)9901 | €31,500 | €45,128 | €6,870 | ▼ 84.8% |
| Financial income75/76B | €3,813 | €501 | €1,782 | ▲ 256% |
| Recurring financial income75 | €3,813 | €501 | €1,782 | ▲ 256% |
| Financial charges65/66B | €961 | €1,889 | €4,947 | ▲ 162% |
| Recurring financial charges65 | €961 | €1,889 | €4,947 | ▲ 162% |
| Profit (loss) for the period before taxes9903 | €34,351 | €43,740 | €3,705 | ▼ 91.5% |
| Income taxes67/77 | €9,622 | €12,404 | €1,513 | ▼ 87.8% |
| Profit (loss) for the period9904 | €24,729 | €31,336 | €2,192 | ▼ 93.0% |
| Profit (loss) for the period to be appropriated9905 | €24,729 | €31,336 | €2,192 | ▼ 93.0% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €51,946 | €168,427 | €69,939 | ▼ 58.5% |
| Fixed assets21/28 | €1,491 | €706 | €1,990 | ▲ 182% |
| Tangible fixed assets22/27 | €1,491 | €706 | €1,990 | ▲ 182% |
| Plant, machinery and equipment23 | - | - | €1,990 | - |
| Furniture and vehicles24 | €1,491 | €706 | - | - |
| Current assets29/58 | €50,455 | €167,721 | €67,949 | ▼ 59.5% |
| Amounts receivable after more than one year29 | - | €24,210 | €25,050 | ▲ 3.5% |
| Other amounts receivable291 | - | €24,210 | €25,050 | ▲ 3.5% |
| Amounts receivable within one year40/41 | €14,704 | €86,323 | €3,891 | ▼ 95.5% |
| Trade receivables40 | €12,989 | €83,727 | €1,250 | ▼ 98.5% |
| Other amounts receivable41 | €1,715 | €2,596 | €2,641 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €35,709 | €57,188 | €38,964 | ▼ 31.9% |
| Deferred charges and accrued income490/1 | €42 | - | €44 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €51,946 | €168,427 | €69,939 | ▼ 58.5% |
| Equity10/15 | €27,729 | €59,066 | €61,257 | ▲ 3.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €24,729 | €56,066 | €58,257 | ▲ 3.9% |
| Distributable reserves133 | €24,729 | €56,066 | €58,257 | ▲ 3.9% |
| Amounts payable17/49 | €24,217 | €109,361 | €8,682 | ▼ 92.1% |
| Amounts payable within one year42/48 | €24,217 | €109,361 | €8,682 | ▼ 92.1% |
| Trade debts44 | €10,959 | €48,201 | €4,405 | ▼ 90.9% |
| Suppliers440/4 | €10,959 | €48,201 | €4,405 | ▼ 90.9% |
| Advances received on contracts in progress46 | - | €38,630 | - | - |
| Taxes, remuneration and social security45 | €13,259 | €19,211 | €1,513 | ▼ 92.1% |
| Taxes450/3 | €11,059 | €19,211 | €1,513 | ▼ 92.1% |
| Remuneration and social security454/9 | €2,200 | - | - | - |
| Other amounts payable47/48 | - | €3,320 | €2,763 | ▼ 16.8% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,729 | €31,336 | €2,192 | ▼ 93.0% |
| + Depreciation and write-downs630 | €865 | €785 | €1,165 | ▲ 48.3% |
| Operating cash flow (approximation) | €25,594 | €32,122 | €3,357 | ▼ 89.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,449 | - |
| Change in cash | - | €21,479 | -€18,224 | ▼ 185% |
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
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €2,192 ▼93%
Net result drops to €2,192, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 7.83
Current ratio from 1.53 to 7.83; short-term debt falls from €109,361 to €8,682.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €31,336 ▲26.7%
Operating result €45,128, net result €31,336, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mortsel · 1 establishment unit since 2021
Ground area
364 m²
Building footprint
140 m²
Volume, LiDAR
388 m³
Parcel 11512B0165/00H002, Flanders · tallest building 13.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EXPLORER LABS
since 20212.319.009.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11512B0165/00H002 | Flanders | 364 m² | 1 · 140 m² | 13.5 m · 1 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.
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Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 2,131 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
Founded14-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
64210Activities of holding companies
70200Business and other management consultancy
73110Advertising agencies
73300Public relations and communication consultancy
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0769676588
Also
9925:BE0769676588
Registered
02-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.