Summary
EXPONENTIALS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €37,218 and a net result of -€4,299. Equity is shrinking by about 3.5% per year across the filed financial years. Its solvency ranks better than 57% of 3,028 sector peers (NACE 66, financial year 2025). The company has been active since 1976 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
Equity
€37,218▼ 16.0%
2024 · €44,281
Net result
-€4,299▲ 72.0%
2024 · -€15,329
Total assets
€64,867▼ 25.7%
2024 · €87,357
Solvency
57.4%▲ 6.7pp
2024 · 50.7%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €8,204 in 2025 against €19,298 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€75,995
2025
Operating result-€8,204
2025
Net result-€4,299
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€64,867
2025
Equity€37,218
2025
Debt€22,118
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€4,441
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-6.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency57.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.80
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€107,608€102,945▼ 4.3%€97,818▼ 5.0%€75,995▼ 22.3%
Operating result€7,440-€20,198▲ 171%€3,046▼ 84.9%-€1,787€8,870-€21,149-€19,298▲ 8.8%-€8,204▲ 57.5%
Net result€7,028-€19,946▲ 184%€3,870within the sector's middle half▼ 80.6%€1,448below the sector's middle half▼ 62.6%€13,526within the sector's middle half▲ 834%-€17,302below the sector's middle half-€15,329below the sector's middle half▲ 11.4%-€4,299below the sector's middle half▲ 72.0%
Equity€46,413-€66,359▲ 43.0%€70,229within the sector's middle half▲ 5.8%€71,677within the sector's middle half▲ 2.1%€82,440within the sector's middle half▲ 15.0%€62,373within the sector's middle half▼ 24.3%€44,281within the sector's middle half▼ 29.0%€37,218within the sector's middle half▼ 16.0%
Total assets€107,424-€96,380▼ 10.3%€117,771below the sector's middle half▲ 22.2%€190,649within the sector's middle half▲ 61.9%€160,349within the sector's middle half▼ 15.9%€130,187below the sector's middle half▼ 18.8%€87,357below the sector's middle half▼ 32.9%€64,867below the sector's middle half▼ 25.7%
Debt€42,970-€13,373▼ 68.9%€32,286▲ 141%€107,872▲ 234%€68,201▼ 36.8%€59,498▼ 12.8%€36,152▼ 39.2%€22,118▼ 38.8%
Working capital-€30,614--€4,765▲ 84.4%-€20,574below the sector's middle half▼ 332%-€76,651below the sector's middle half▼ 273%-€59,193below the sector's middle half▲ 22.8%-€41,942below the sector's middle half▲ 29.1%-€12,864below the sector's middle half▲ 69.3%-€4,441within the sector's middle half▲ 65.5%
Solvency43.2%-68.9%▲ 25.6pp59.6%within the sector's middle half▼ 9.2pp37.6%within the sector's middle half▼ 22.0pp51.4%within the sector's middle half▲ 13.8pp47.9%within the sector's middle half▼ 3.5pp50.7%within the sector's middle half▲ 2.8pp57.4%within the sector's middle half▲ 6.7pp
Current ratio0.26-0.60▲ 0.340.16below the sector's middle half▼ 0.440.09below the sector's middle half▼ 0.070.13below the sector's middle half▲ 0.040.30below the sector's middle half▲ 0.160.64below the sector's middle half▲ 0.350.80below the sector's middle half▲ 0.16
Return on assets (ROA)6.5%-20.7%▲ 14.2pp3.3%within the sector's middle half▼ 17.4pp0.8%below the sector's middle half▼ 2.5pp8.4%within the sector's middle half▲ 7.7pp-13.3%below the sector's middle half▼ 21.7pp-17.5%below the sector's middle half▼ 4.3pp-6.6%below the sector's middle half▲ 10.9pp
Staff (FTE)11=
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,867
Fixed assets
€47,190 ▼ 26.3%
Current assets
€17,677 ▼ 24.1%
Equity and liabilities €64,867
Equity
€37,218 ▼ 16.0%
Provisions
€5,532 ▼ 20.1%
Debt
€22,118 ▼ 38.8%
Debt's share of the balance-sheet total falls from 41.4% to 34.1%. Equity and debt are lower.
Key figures and ratios
ROE
-11.6%▲
2024 · -34.6%
Debt ≤ 1 year
€22,118▼
2024 · €36,152
Income taxes
€179▲
2024 · €120
Staff costs
€33,282▼
2024 · €33,771
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €107,608 | €102,945 | €97,818 | €75,995 | ▼ 22.3% |
| Non-recurring operating income76A | - | - | - | - | - | €105 | €76 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €56,078 | €55,684 | €38,980 | €33,083 | ▼ 15.1% |
| Remuneration, social security and pensions62 | - | - | - | - | €10,916 | €18,295 | €33,771 | €33,282 | ▼ 1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,473 | €11,920 | €13,358 | €22,018 | €31,364 | €49,713 | €48,563 | €15,674 | ▼ 67.7% |
| Other operating charges640/8 | - | - | - | €1,761 | €1,962 | €2,239 | €2,319 | €768 | ▼ 66.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €0 | €0 | €3,822 | - |
| Gross operating margin9900 | €12,080 | €33,987 | €18,141 | €21,992 | €53,112 | €49,098 | €65,355 | €45,342 | ▼ 30.6% |
| Operating profit (loss)9901 | €7,440 | €20,198 | €3,046 | -€1,787 | €8,870 | -€21,149 | -€19,298 | -€8,204 | ▲ 57.5% |
| Financial income75/76B | - | - | - | €16 | €777 | - | - | - | - |
| Recurring financial income75 | - | €4 | €3 | €16 | €777 | - | - | - | - |
| Financial charges65/66B | - | - | - | €820 | €43 | €59 | €67 | €72 | ▲ 7.4% |
| Recurring financial charges65 | €1,522 | €1,468 | €470 | €820 | €43 | €59 | €67 | €72 | ▲ 7.4% |
| Profit (loss) for the period before taxes9903 | €5,918 | €18,734 | €2,579 | -€2,591 | €9,603 | -€21,208 | -€19,365 | -€8,277 | ▲ 57.3% |
| Transfer from deferred taxes780 | - | - | - | €4,156 | €4,156 | €4,156 | €4,156 | €4,156 | = |
| Income taxes67/77 | €282 | €180 | €101 | €117 | €233 | €250 | €120 | €179 | ▲ 49.4% |
| Profit (loss) for the period9904 | €7,028 | €19,946 | €3,870 | €1,448 | €13,526 | -€17,302 | -€15,329 | -€4,299 | ▲ 72.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €4,181 | €4,181 | €4,181 | €4,181 | €4,181 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €2,764 | €2,764 | €2,764 | €2,764 | €2,764 | = |
| Profit (loss) for the period to be appropriated9905 | €11,209 | €24,127 | €8,051 | €2,865 | €14,943 | -€15,885 | -€13,912 | -€2,882 | ▲ 79.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €107,424 | €96,380 | €117,771 | €190,649 | €160,349 | €130,187 | €87,357 | €64,867 | ▼ 25.7% |
| Fixed assets21/28 | €96,589 | €89,240 | €113,774 | €182,705 | €151,341 | €112,631 | €64,068 | €47,190 | ▼ 26.3% |
| Intangible fixed assets21 | €10,200 | €6,800 | €24,260 | €99,736 | €78,036 | €38,936 | €3,472 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €86,389 | €82,440 | €89,514 | €82,969 | €73,305 | €73,695 | €60,596 | €47,190 | ▼ 22.1% |
| Land and buildings22 | - | - | - | €63,737 | €57,337 | €50,937 | €44,537 | €38,137 | ▼ 14.4% |
| Furniture and vehicles24 | - | - | - | €1,715 | €959 | €10,546 | €6,236 | €1,828 | ▼ 70.7% |
| Other tangible fixed assets26 | - | - | - | €17,517 | €15,009 | €12,212 | €9,824 | €7,225 | ▼ 26.4% |
| Current assets29/58 | €10,835 | €7,140 | €3,997 | €7,944 | €9,008 | €17,556 | €23,289 | €17,677 | ▼ 24.1% |
| Amounts receivable within one year40/41 | €763 | €3,104 | €2,551 | €2,173 | €0 | €15,253 | €15,253 | €15,253 | = |
| Trade receivables40 | - | - | - | €2,173 | €0 | €15,253 | €15,253 | €15,253 | = |
| Current investments50/53 | - | - | - | - | €144 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €8,707 | €3,372 | €85 | €4,729 | €8,705 | €1,839 | €6,725 | €836 | ▼ 87.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,042 | €159 | €464 | €1,311 | €1,588 | ▲ 21.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €107,424 | €96,380 | €117,771 | €190,649 | €160,349 | €130,187 | €87,357 | €64,867 | ▼ 25.7% |
| Equity10/15 | €46,413 | €66,359 | €70,229 | €71,677 | €82,440 | €62,373 | €44,281 | €37,218 | ▼ 16.0% |
| Contributions10/11 | €148,000 | €148,000 | - | €148,000 | €148,000 | €148,000 | €148,000 | €148,000 | = |
| Contributions outside capital11 | - | - | - | - | €148,000 | - | - | - | - |
| Other1109/19 | - | - | - | - | €148,000 | - | - | - | - |
| Reserves13 | €54,180 | €49,999 | €45,818 | €44,401 | €40,220 | €36,039 | €31,858 | €27,677 | ▼ 13.1% |
| Tax-exempt reserves132 | - | - | - | €44,401 | €40,220 | €36,039 | €31,858 | €27,677 | ▼ 13.1% |
| Profit (loss) carried forward14 | -€155,767 | -€131,640 | -€123,589 | -€120,724 | -€105,780 | -€121,665 | -€135,577 | -€138,459 | ▼ 2.1% |
| Provisions and deferred taxes16 | €18,041 | €16,648 | €15,256 | €11,100 | €9,708 | €8,316 | €6,924 | €5,532 | ▼ 20.1% |
| Deferred taxes168 | - | - | - | €11,100 | €9,708 | €8,316 | €6,924 | €5,532 | ▼ 20.1% |
| Amounts payable17/49 | €42,970 | €13,373 | €32,286 | €107,872 | €68,201 | €59,498 | €36,152 | €22,118 | ▼ 38.8% |
| Amounts payable after more than one year17 | - | - | €7,245 | €22,500 | €0 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €22,500 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €41,449 | €11,905 | €24,571 | €84,595 | €68,201 | €59,498 | €36,152 | €22,118 | ▼ 38.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,745 | - | - | - | - | - |
| Trade debts44 | €133 | €848 | €1,737 | €1,654 | €4,083 | €6,194 | €2,176 | €3,436 | ▲ 57.9% |
| Suppliers440/4 | - | - | - | €1,654 | €4,083 | €6,194 | €2,176 | €3,436 | ▲ 57.9% |
| Taxes, remuneration and social security45 | - | - | - | €2,021 | €4,696 | €8,281 | €7,198 | €5,416 | ▼ 24.7% |
| Taxes450/3 | - | - | - | €1,421 | €1,304 | €5,572 | €3,414 | €1,316 | ▼ 61.5% |
| Remuneration and social security454/9 | - | - | - | €600 | €3,392 | €2,709 | €3,783 | €4,101 | ▲ 8.4% |
| Other amounts payable47/48 | - | - | - | €47,175 | €59,422 | €45,023 | €26,779 | €13,266 | ▼ 50.5% |
| Accrued charges and deferred income492/3 | - | - | - | €777 | €0 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,028 | €19,946 | €3,870 | €1,448 | €13,526 | -€17,302 | -€15,329 | -€4,299 | ▲ 72.0% |
| + Depreciation and write-downs630 | €10,473 | €11,920 | €13,358 | €22,018 | €31,364 | €49,713 | €48,563 | €15,674 | ▼ 67.7% |
| Operating cash flow (approximation) | €17,501 | €31,866 | €17,228 | €23,466 | €44,890 | €32,411 | €33,234 | €11,375 | ▼ 65.8% |
| Investment in fixed assets (approximation) | - | -€4,571 | -€37,892 | -€90,949 | €1 | -€11,003 | €0 | €1,204 | - |
| Change in cash | - | -€5,335 | -€3,287 | €4,644 | €3,976 | -€6,866 | €4,885 | -€5,889 | ▼ 221% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 4,693 companies in this sector, figures are known for 3,261. 2,086 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: not fully processed yet. The notices from June 2018 to September 2026 are still being read.