EXQURA
ActiveSummary
EXQURA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179k and a net result of €41k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 79% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92=
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 4.99 against 5.54 in 2024; short-term debt: 19.1% and cash: 89% of total assets), and 19.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
80.9%
Return on assets
18.4%
Age of the figures
9 mo
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
44 d early
2023
54 d early
2022
54 d early
2021
53 d early
2020
50 d early
2019
58 d early
← 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, micro schema
Equity
€179k▲ 9.6%
2024 · €163k
2018: €187khighest in 8 years
2019: €184k▼ -1.6% vs 2018
2020: €116k▼ -37.3% vs 2019lowest in 8 years
2021: €124k▲ +6.9% vs 2020
2022: €134k▲ +8.7% vs 2021
2023: €145k▲ +8.1% vs 2022
2024: €163k▲ +12.4% vs 2023
2025: €179k▲ +9.6% vs 2024
2018 → 2025
Total assets
€221k▲ 12.0%
2024 · €198k
2018: €192k
2019: €207k▲ +8.0% vs 2018
2020: €222k▲ +6.9% vs 2019highest in 8 years
2021: €160k▼ -27.8% vs 2020lowest in 8 years
2022: €167k▲ +4.1% vs 2021
2023: €174k▲ +4.6% vs 2022
2024: €198k▲ +13.3% vs 2023
2025: €221k▲ +12.0% vs 2024
2018 → 2025
Net result
€41k▲ 12.1%
2024 · €36k
2018: €19k
2019: €18k▼ -3.8% vs 2018lowest in 8 years
2020: €25k▲ +36.8% vs 2019
2021: €33k▲ +30.9% vs 2020
2022: €31k▼ -4.8% vs 2021
2023: €30k▼ -4.2% vs 2022
2024: €36k▲ +21.4% vs 2023
2025: €41k▲ +12.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€169k▲ 8.4%
2024 · €156k
2018: €175k
2019: €177k▲ +1.5% vs 2018highest in 8 years
2020: €111k▼ -37.7% vs 2019lowest in 8 years
2021: €114k▲ +2.7% vs 2020
2022: €126k▲ +10.8% vs 2021
2023: €133k▲ +5.9% vs 2022
2024: €156k▲ +16.9% vs 2023
2025: €169k▲ +8.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€124k-€134k▲ 8.7%€145k▲ 8.1%€163k▲ 12.4%€179k▲ 9.6%
2021: €124klowest in 5 years
2022: €134k▲ +8.7% vs 2021
2023: €145k▲ +8.1% vs 2022
2024: €163k▲ +12.4% vs 2023
2025: €179k▲ +9.6% vs 2024highest in 5 years
Operating result€46k-€45k▼ 3.1%€43k▼ 4.1%€51k▲ 19.7%€59k▲ 13.7%
2021: €46k
2022: €45k▼ -3.1% vs 2021
2023: €43k▼ -4.1% vs 2022lowest in 5 years
2024: €51k▲ +19.7% vs 2023
2025: €59k▲ +13.7% vs 2024highest in 5 years
Net result€33k-€31k▼ 4.8%€30k▼ 4.2%€36k▲ 21.4%€41k▲ 12.1%
2021: €33k
2022: €31k▼ -4.8% vs 2021
2023: €30k▼ -4.2% vs 2022lowest in 5 years
2024: €36k▲ +21.4% vs 2023
2025: €41k▲ +12.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€10k ▲ 34.2%
Current assets
€211k ▲ 11.1%
Equity and liabilities €221k
Equity
€179k ▲ 9.6%
Debt
€42k ▲ 23.3%
Debt's share of the balance-sheet total rises from 17.3% to 19.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69k▲
2024 · €56k
Cash flow
€51k▲
2024 · €41k
Current ratio
4.99▼
2024 · 5.54
Debt to equity
0.24▲
2024 · 0.21
ROE
22.7%▲
2024 · 22.2%
ROA
18.4%▲
2024 · 18.4%
Interest coverage
468.57▲
2024 · 174.77
Debt ≤ 1 year
€42k▲
2024 · €34k
Income taxes
€18k▲
2024 · €15k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€198k€221k▲
Fixed assets21/28€8k€10k▲
Tangible fixed assets22/27€8k€10k▲
Furniture and vehicles24€5k€9k▲
Other tangible fixed assets26€3k€911▼
Current assets29/58€190k€211k▲
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€12k€13k▲
Other amounts receivable41€346€0▼
Cash at bank and in hand54/58€177k€197k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€198k€221k▲
Equity10/15€163k€179k▲
Contributions10/11€6k€6k=
Reserves13€157k€173k▲
Distributable reserves133€157k€173k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€34k€42k▲
Amounts payable within one year42/48€34k€42k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€10k€11k▲
Other amounts payable47/48€22k€29k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€10k▲
Other operating charges640/8€0€409▲
Gross operating margin9900€56k€69k▲
Operating profit (loss)9901€51k€59k▲
Financial income75/76B€0€45▲
Recurring financial income75€0€45▲
Financial charges65/66B€320€146▼
Recurring financial charges65€320€146▼
Profit (loss) for the period before taxes9903€51k€58k▲
Income taxes67/77€15k€18k▲
Profit (loss) for the period9904€36k€41k▲
Profit (loss) for the period to be appropriated9905€36k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€36k€41k▲
Transfer from equity791/2€18k€25k▲
Transfer to equity691/2€36k€41k▲
To other reserves6921€36k€41k▲
Profit to be distributed694/7€18k€25k▲
Return on contributions (dividend)694€18k€25k▲
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €4k | €5k | €10k | ▲ 122% |
| Other operating charges640/8 | €106 | €0 | €53 | €0 | €409 | - |
| Gross operating margin9900 | €51k | €48k | €47k | €56k | €69k | ▲ 23.1% |
| Operating profit (loss)9901 | €46k | €45k | €43k | €51k | €59k | ▲ 13.7% |
| Financial income75/76B | €214 | €1 | €50 | €0 | €45 | ▲ 75,217% |
| Recurring financial income75 | €214 | €1 | €50 | €0 | €45 | ▲ 75,217% |
| Financial charges65/66B | €624 | €554 | €508 | €320 | €146 | ▼ 54.4% |
| Recurring financial charges65 | €624 | €554 | €508 | €320 | €146 | ▼ 54.4% |
| Profit (loss) for the period before taxes9903 | €46k | €44k | €43k | €51k | €58k | ▲ 14.2% |
| Income taxes67/77 | €13k | €13k | €13k | €15k | €18k | ▲ 19.3% |
| Profit (loss) for the period9904 | €33k | €31k | €30k | €36k | €41k | ▲ 12.1% |
| Profit (loss) for the period to be appropriated9905 | €33k | €31k | €30k | €36k | €41k | ▲ 12.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160k | €167k | €174k | €198k | €221k | ▲ 12.0% |
| Fixed assets21/28 | €10k | €9k | €12k | €8k | €10k | ▲ 34.2% |
| Tangible fixed assets22/27 | €10k | €9k | €12k | €8k | €10k | ▲ 34.2% |
| Furniture and vehicles24 | €2k | €2k | €8k | €5k | €9k | ▲ 91.0% |
| Other tangible fixed assets26 | €8k | €6k | €5k | €3k | €911 | ▼ 66.9% |
| Current assets29/58 | €150k | €158k | €162k | €190k | €211k | ▲ 11.1% |
| Amounts receivable within one year40/41 | €31k | €18k | €16k | €12k | €13k | ▲ 8.1% |
| Trade receivables40 | €31k | €18k | €14k | €12k | €13k | ▲ 11.4% |
| Other amounts receivable41 | - | - | €2k | €346 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €118k | €140k | €145k | €177k | €197k | ▲ 11.3% |
| Deferred charges and accrued income490/1 | €915 | €0 | €2k | €1k | €1k | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160k | €167k | €174k | €198k | €221k | ▲ 12.0% |
| Equity10/15 | €124k | €134k | €145k | €163k | €179k | ▲ 9.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €117k | €128k | €139k | €157k | €173k | ▲ 10.0% |
| Non-distributable reserves130/1 | €2k | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €0 | - | - | - | - |
| Distributable reserves133 | €116k | €128k | €139k | €157k | €173k | ▲ 10.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €37k | €32k | €29k | €34k | €42k | ▲ 23.3% |
| Amounts payable within one year42/48 | €37k | €32k | €29k | €34k | €42k | ▲ 23.3% |
| Trade debts44 | €949 | €4k | €2k | €3k | €2k | ▼ 9.3% |
| Suppliers440/4 | €949 | €4k | €2k | €3k | €2k | ▼ 9.3% |
| Taxes, remuneration and social security45 | €11k | €8k | €6k | €10k | €11k | ▲ 9.1% |
| Taxes450/3 | €11k | €8k | €6k | €10k | €11k | ▲ 9.1% |
| Other amounts payable47/48 | €25k | €20k | €21k | €22k | €29k | ▲ 33.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33k | €31k | €30k | €36k | €41k | ▲ 12.1% |
| + Depreciation and write-downs630 | €4k | €3k | €4k | €5k | €10k | ▲ 122% |
| Operating cash flow (approximation) | €37k | €34k | €34k | €41k | €51k | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | €-2k | €-7k | €0 | €-13k | - |
| Change in cash | - | €22k | €4k | €32k | €20k | ▼ 37.9% |
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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €41k ▲12.1%
Operating result €59k, net result €41k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €163k ▲12.4%
7 profitable years in a row build equity to €163k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 4.11
Current ratio from 2.04 to 4.11; short-term debt falls from €106k to €37k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €18k ▼3.8%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Grimbergen · 1 establishment unit since 2007
Ground area
714 m²
Building footprint
131 m²
Volume, LiDAR
700 m³
Parcel 23005A0135/00C000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Exqura
since 20072.163.068.920
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23005A0135/00C000 | Flanders | 714 m² | 1 · 131 m² | 7.8 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 157 EUR awarded · 150 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 157 EUR | 150 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,197 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
Founded08-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.