EXSHO
ActiveSummary
EXSHO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €-4k. Equity is growing by ~37% per year across the filed fiscal years. Its solvency ranks better than 95% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-39
Solvency100=
Growth52▼-17
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 57.31 against 10.79 in 2024; short-term debt: 1.7% and cash: 2.1% of total assets), and 1.7% of the assets are financed with debt.
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Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 10 filingsDeviation from the deadline
2025
7 d late
2024
7 d late
2023
on the day
2022
22 d late
2021
15 d late
2020
on the day
2019
23 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Turnover
€13k▼ 22.8%
2023 · €17k
EBIT margin
93.8%▲ 92.6pp
2023 · 1.2%
Net result
€-4k
2024 · €12k
Working capital
€89k▼ 4.3%
2024 · €93k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€18k▲ 133%€91k▲ 392%€17k▼ 81.8%€13k▼ 22.8%
Operating result€6k▲ 192%€84k▲ 1,248%€197▼ 99.8%€12k▲ 5,971%€-4k
Net result€6k▲ 197%€81k▲ 1,207%€103▼ 99.9%€12k▲ 11,399%€-4k
EBIT margin34.1%▲ 6.9pp93.3%▲ 59.2pp1.2%▼ 92.1pp93.8%▲ 92.6pp
Equity€259€81k▲ 31,237%€81k▲ 0.1%€93k▲ 14.6%€89k▼ 4.3%
Total assets€10k▲ 1.6%€106k▲ 974%€94k▼ 11.3%€103k▲ 9.0%€91k▼ 11.6%
Debt€10k▼ 38.5%€25k▲ 160%€13k▼ 48.5%€10k▼ 26.3%€2k▼ 83.4%
Working capital€-247▲ 95.8%€81k€81k▲ 0.4%€93k▲ 14.6%€89k▼ 4.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €91k
Equity
€89k ▼ 4.3%
Debt
€2k ▼ 83.4%
Debt's share of the balance-sheet total falls from 9.3% to 1.7%. Equity and debt are lower.
Key figures and ratios
Current ratio
57.31▲
2024 · 10.79
Quick ratio
57.11▲
2024 · 10.76
Debt to equity
0.02▼
2024 · 0.10
ROE
-4.5%▼
2024 · 12.7%
ROA
-4.4%▼
2024 · 11.5%
Debt ≤ 1 year
€2k▼
2024 · €10k
Staff costs
€400▲
2024 · €387
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €18k | €91k | €17k | €13k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €12k | €5k | €7k | €400 | €3k | ▲ 771% |
| Remuneration, social security and pensions62 | €348 | - | €9k | €387 | €400 | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €253 | €253 | €253 | - | - | - |
| Other operating charges640/8 | - | €348 | - | - | - | - |
| Gross operating margin9900 | €7k | €85k | €10k | €12k | €-3k | ▼ 128% |
| Operating profit (loss)9901 | €6k | €84k | €197 | €12k | €-4k | ▼ 132% |
| Financial charges65/66B | €67 | €3k | €94 | €93 | €91 | ▼ 1.6% |
| Recurring financial charges65 | €67 | €73 | €94 | €93 | €91 | ▼ 1.6% |
| Non-recurring financial charges66B | - | €3k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €6k | €81k | €103 | €12k | €-4k | ▼ 134% |
| Profit (loss) for the period9904 | €6k | €81k | €103 | €12k | €-4k | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | €6k | €81k | €103 | €12k | €-4k | ▼ 134% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10k | €106k | €94k | €103k | €91k | ▼ 11.6% |
| Fixed assets21/28 | €506 | €253 | - | - | - | - |
| Tangible fixed assets22/27 | €506 | €253 | - | - | - | - |
| Furniture and vehicles24 | €506 | €253 | - | - | - | - |
| Current assets29/58 | €9k | €106k | €94k | €103k | €91k | ▼ 11.6% |
| Stocks and contracts in progress3 | €743 | €743 | €743 | €317 | €317 | = |
| Stocks30/36 | €743 | €743 | €743 | €317 | €317 | = |
| Amounts receivable within one year40/41 | €8k | €102k | €28k | €99k | €89k | ▼ 10.5% |
| Trade receivables40 | €8k | €102k | €19k | €30k | €17k | ▼ 41.4% |
| Other amounts receivable41 | - | - | €9k | €69k | €71k | ▲ 2.8% |
| Cash at bank and in hand54/58 | €985 | €3k | €65k | €3k | €2k | ▼ 44.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10k | €106k | €94k | €103k | €91k | ▼ 11.6% |
| Equity10/15 | €259 | €81k | €81k | €93k | €89k | ▼ 4.3% |
| Contributions10/11 | €119k | €119k | €119k | €119k | €119k | = |
| Capital10 | €119k | €119k | €119k | €119k | €119k | = |
| Issued capital100 | €119k | €119k | €119k | €119k | €119k | = |
| Profit (loss) carried forward14 | €-118k | €-37k | €-37k | €-25k | €-29k | ▼ 15.6% |
| Amounts payable17/49 | €10k | €25k | €13k | €10k | €2k | ▼ 83.4% |
| Amounts payable within one year42/48 | €10k | €25k | €13k | €10k | €2k | ▼ 83.4% |
| Trade debts44 | €6k | €5k | €9k | €5k | €336 | ▼ 93.3% |
| Suppliers440/4 | €6k | €5k | €9k | €5k | €336 | ▼ 93.3% |
| Taxes, remuneration and social security45 | €1k | €18k | €2k | €3k | - | - |
| Taxes450/3 | €1k | €18k | €2k | €3k | - | - |
| Other amounts payable47/48 | €2k | €2k | €1k | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €81k | €103 | €12k | €-4k | ▼ 134% |
| + Depreciation and write-downs630 | €253 | €253 | €253 | - | - | - |
| Operating cash flow (approximation) | €6k | €81k | €356 | €12k | €-4k | ▼ 134% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | €2k | €62k | €-62k | €-2k | ▲ 97.6% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 7 days late
2025
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
31-12
Financial
Liquidity times 5current ratio 57.31
Current ratio from 10.79 to 57.31; short-term debt falls from €10k to €2k.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Highest result since 2018net €81k ▲1,207%
Operating result €84k, net result €81k, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 4.23
Current ratio from 0.97 to 4.23.
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 23 days late
2019
20-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 81 days late
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 106 days late
2017
17-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Rixensart · 1 establishment unit since 2000
Ground area
2,829 m²
Building footprint
252 m²
Volume, LiDAR
2,406 m³
Parcel 25092B0490/00P000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Rue du Panorama 8, 1331 Rixensart
since 20002.093.975.919
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0490/00P000 | Wallonia | 2,829 m² | 1 · 252 m² | 12.0 m · 3 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.
Similar companies · same sector, comparable size
Tarisio Belgium
BE 1028.298.879
Brussel · Eq €89k
AXIZZ
BE 0887.869.506
Bonheiden · Eq €90k
CADRE 2000 by Marie Lore
BE 1008.542.256
Sint-Joost-ten-Node · Eq €88k
Antiques from Belgium
BE 0778.610.288
Ravels · Eq €91k
B.G.N INVEST
BE 0804.639.744
Namur · Eq €87k
Of 1,435 companies in sector 47791 we hold annual accounts for 456. 342 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-04-2000
Fiscal year end31-12
Activities, NACEBEL 2025
47791Retail sale of antiques
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.