EXPLORER LABS
ActiveEXPLORER LABS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €61k and a net result of €2k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
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 €4.5k 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.
Credit advice for your own amount and term
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
Sector 70
lower
← 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
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 →
Financials · fiscal year 2024, micro schema
Equity
€61k▲ 3.7%
2023 · €59k
2022: €28k
2023: €59k
2022 → 2024
Total assets
€70k▼ 58.5%
2023 · €168k
2022: €52k
2023: €168k
2022 → 2024
Net result
€2k▼ 93.0%
2023 · €31k
2022: €25k
2023: €31k
2022 → 2024
Working capital
€59k▲ 1.6%
2023 · €58k
2022: €26k
2023: €58k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€28k-€59k▲ 113%€61k▲ 3.7%
Operating result€31k-€45k▲ 43.3%€7k▼ 84.8%
Net result€25k-€31k▲ 26.7%€2k▼ 93.0%
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 €70k
Fixed assets
€2k▲ 182%
Current assets
€68k▼ 59.5%
Equity and liabilities €70k
Equity
€61k▲ 3.7%
Debt
€9k▼ 92.1%
The debt ratio falls from 64.9% to 12.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8k▼
2023 · €46k
Cash flow
€3k▼
2023 · €32k
Solvency
87.6%▲
2023 · 35.1%
Current ratio
7.83▲
2023 · 1.53
Quick ratio
7.83▲
2023 · 1.53
Debt / equity
0.14▼
2023 · 1.85
ROE
3.6%▼
2023 · 53.1%
ROA
3.1%▼
2023 · 18.6%
Interest coverage
1.62▼
2023 · 24.31
Debt
€9k▼
2023 · €109k
Debt ≤ 1 year
€9k▼
2023 · €109k
Income taxes
€2k▼
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€168k€70k▼
Fixed assets21/28€706€2k▲
Tangible fixed assets22/27€706€2k▲
Plant, machinery and equipment23-€2k
Furniture and vehicles24€706-
Current assets29/58€168k€68k▼
Amounts receivable after more than one year29€24k€25k▲
Other amounts receivable291€24k€25k▲
Amounts receivable within one year40/41€86k€4k▼
Trade receivables40€84k€1k▼
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€57k€39k▼
Deferred charges and accrued income490/1-€44
Equity and liabilities
Total equity and liabilities10/49€168k€70k▼
Equity10/15€59k€61k▲
Contributions10/11€3k€3k=
Reserves13€56k€58k▲
Distributable reserves133€56k€58k▲
Amounts payable17/49€109k€9k▼
Amounts payable within one year42/48€109k€9k▼
Trade debts44€48k€4k▼
Suppliers440/4€48k€4k▼
Advances received on contracts in progress46€39k-
Taxes, remuneration and social security45€19k€2k▼
Taxes450/3€19k€2k▼
Other amounts payable47/48€3k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€785€1k▲
Other operating charges640/8€1k€390▼
Gross operating margin9900€47k€8k▼
Operating profit (loss)9901€45k€7k▼
Financial income75/76B€501€2k▲
Recurring financial income75€501€2k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€44k€4k▼
Income taxes67/77€12k€2k▼
Profit (loss) for the period9904€31k€2k▼
Profit (loss) for the period to be appropriated9905€31k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€2k▼
Transfer to equity691/2€31k€2k▼
To other reserves6921€31k€2k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 €2k ▼93%
Net result drops to €2k, 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 €109k to €9k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2022net €31k ▲26.7%
Operating result €45k, net result €31k, 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.
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
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.
Neerhoevelaan 88b2640 MortselGround 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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MCMLX
BE 1001.159.269
Sint-Katelijne-Waver · Eq €61k
LOWESCO
BE 0687.831.948
Gavere · Eq €61k
Willems-Verbouw
BE 0767.440.739
Brugge · Eq €61k
Spiaggia
BE 0775.654.263
Knokke-Heist · Eq €61k
VRINTS METALS
BE 0821.629.293
Beerse · Eq €61k
Of 5,696 companies in sector 70100 we hold annual accounts for 3,489. 2,118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-06-2021
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73110Advertising agencies
73300Public relations and communication consultancy
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.