EXSIL
ActiveSummary
EXSIL has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.7m and a net result of €1.3m. Equity is growing by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+3
Solvency90▲+8
Growth63▼-2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330,000 at 30 days acceptable
Liquidity ample (current ratio 3.28 against 2.58 in 2024; short-term debt: 29.5% and cash: 27.8% of total assets), and 35% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and 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
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
65%
Return on assets
22.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
34 d early
2023
13 d early
2022
24 d early
2021
31 d early
2020
41 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 24 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
€13.0m▼ 1.7%
2024 · €13.2m
EBIT margin
14.2%▲ 1.2pp
2024 · 13.1%
Net result
€1.3m▲ 9.1%
2024 · €1.2m
Working capital
€3.9m▲ 17.7%
2024 · €3.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€12.9m€13.2m▲ 2.2%€13.0m▼ 1.7%
Operating result€1.1m▲ 34.7%€1.5m▲ 37.7%€1.1m▼ 29.2%€1.7m▲ 60.6%€1.8m▲ 7.1%
Net result€772,062above the sector's middle half▲ 29.7%€1.0mabove the sector's middle half▲ 35.5%€755,338above the sector's middle half▼ 27.8%€1.2mabove the sector's middle half▲ 58.5%€1.3mabove the sector's middle half▲ 9.1%
EBIT margin8.3%13.1%▲ 4.8pp14.2%▲ 1.2pp
Equity€1.3mabove the sector's middle half▲ 63.2%€1.8mabove the sector's middle half▲ 42.8%€2.6mwithin the sector's middle half▲ 41.4%€3.2mwithin the sector's middle half▲ 23.2%€3.7mwithin the sector's middle half▲ 17.8%
Total assets€3.8mabove the sector's middle half▲ 28.9%€4.9mabove the sector's middle half▲ 27.1%€4.8mwithin the sector's middle half▼ 1.8%€5.6mwithin the sector's middle half▲ 17.3%€5.8mwithin the sector's middle half▲ 2.8%
Debt€2.6m▲ 17.7%€3.0m▲ 19.2%€2.2m▼ 27.7%€2.4m▲ 10.4%€2.0m▼ 16.9%
Working capital€1.4mabove the sector's middle half▲ 45.2%€1.9mabove the sector's middle half▲ 33.4%€2.7mwithin the sector's middle half▲ 39.8%€3.3mwithin the sector's middle half▲ 22.0%€3.9mabove the sector's middle half▲ 17.7%
Solvency33.4%within the sector's middle half▲ 7.0pp37.5%within the sector's middle half▲ 4.1pp54.0%within the sector's middle half▲ 16.5pp56.7%within the sector's middle half▲ 2.7pp65.0%within the sector's middle half▲ 8.3pp
Current ratio1.66within the sector's middle half▲ 0.131.72within the sector's middle half▲ 0.062.43within the sector's middle half▲ 0.712.58within the sector's middle half▲ 0.153.28above the sector's middle half▲ 0.70
Return on assets (ROA)20.2%above the sector's middle half▲ 0.1pp21.5%above the sector's middle half▲ 1.3pp15.8%above the sector's middle half▼ 5.7pp21.4%above the sector's middle half▲ 5.6pp22.7%above the sector's middle half▲ 1.3pp
Staff (FTE)11.5above the sector's middle half11.5above the sector's middle half=11.3within the sector's middle half▼ 1.7%11.5within the sector's middle half▲ 1.8%11.3within the sector's middle half▼ 1.7%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.8m
Fixed assets
€176,956 ▼ 17.4%
Current assets
€5.6m ▲ 3.6%
Equity and liabilities €5.8m
Equity
€3.7m ▲ 17.8%
Debt
€2.0m ▼ 16.9%
Debt's share of the balance-sheet total falls from 43.3% to 35.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.9m▲
2024 · €1.8m
Cash flow
€1.4m▲
2024 · €1.3m
Quick ratio
2.42▲
2024 · 1.94
Debt to equity
0.54▼
2024 · 0.76
ROE
34.9%▼
2024 · 37.7%
Interest coverage
33.59▲
2024 · 23.01
Debt ≤ 1 year
€1.7m▼
2024 · €2.1m
Debt > 1 year
€279,546▼
2024 · €312,738
Income taxes
€460,634▲
2024 · €432,586
Staff costs
€795,121▲
2024 · €782,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €13.0m | €13.2m | €13.0m | ▼ 1.7% |
| Turnover70 | - | - | €12.9m | €13.2m | €13.0m | ▼ 1.7% |
| Other operating income74 | - | - | €44,950 | €33,648 | €37,734 | ▲ 12.1% |
| Operating charges60/66A | - | - | €11.9m | €11.5m | €11.2m | ▼ 3.0% |
| Goods for resale, raw materials and consumables60 | - | - | €9.1m | €8.6m | €8.4m | ▼ 2.8% |
| Purchases600/8 | - | - | €8.7m | €8.9m | €8.5m | ▼ 4.0% |
| Change in stocks: decrease (increase)609 | - | - | €341,020 | -€243,379 | -€126,433 | ▲ 48.1% |
| Services and other goods61 | - | - | €2.0m | €2.0m | €1.9m | ▼ 3.7% |
| Remuneration, social security and pensions62 | €147,047 | €803,604 | €796,407 | €782,454 | €795,121 | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,632 | €53,805 | €60,730 | €55,982 | €58,038 | ▲ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€30,896 | €0 | €10,569 | €0 | -€92,856 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€20,000 | €0 | - | - | - | - |
| Other operating charges640/8 | €40,272 | €9,668 | €8,294 | €30,552 | €77,331 | ▲ 153% |
| Gross operating margin9900 | €1.3m | €2.4m | - | - | - | - |
| Operating profit (loss)9901 | €1.1m | €1.5m | €1.1m | €1.7m | €1.8m | ▲ 7.1% |
| Financial income75/76B | €12,442 | €13,736 | €16,072 | €6,766 | €6,554 | ▼ 3.1% |
| Recurring financial income75 | €12,442 | €13,736 | €16,072 | €6,766 | €6,554 | ▼ 3.1% |
| Other financial income752/9 | - | - | €16,072 | €6,766 | €6,554 | ▼ 3.1% |
| Financial charges65/66B | €57,931 | €85,627 | €69,229 | €98,299 | €82,276 | ▼ 16.3% |
| Recurring financial charges65 | €57,931 | €85,627 | €69,229 | €98,299 | €82,276 | ▼ 16.3% |
| Debt charges650 | - | - | €54,596 | €77,253 | €56,606 | ▼ 26.7% |
| Other financial charges652/9 | - | - | €14,633 | €21,045 | €25,670 | ▲ 22.0% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.4m | €1.0m | €1.6m | €1.8m | ▲ 8.4% |
| Income taxes67/77 | €281,817 | €395,873 | €263,397 | €432,586 | €460,634 | ▲ 6.5% |
| Taxes670/3 | - | - | €275,000 | €433,000 | €461,000 | ▲ 6.5% |
| Tax adjustments and reversals of tax provisions77 | - | - | €11,603 | €414 | €366 | ▼ 11.6% |
| Profit (loss) for the period9904 | €772,062 | €1.0m | €755,338 | €1.2m | €1.3m | ▲ 9.1% |
| Transfer from tax-exempt reserves789 | €31,113 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €803,175 | €1.0m | €755,338 | €1.2m | €1.3m | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €4.9m | €4.8m | €5.6m | €5.8m | ▲ 2.8% |
| Fixed assets21/28 | €164,860 | €230,948 | €183,972 | €214,317 | €176,956 | ▼ 17.4% |
| Intangible fixed assets21 | - | €9,766 | €6,508 | €3,249 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €163,807 | €220,128 | €176,411 | €210,015 | €175,903 | ▼ 16.2% |
| Plant, machinery and equipment23 | €7,531 | €105,197 | €104,082 | €92,749 | €80,528 | ▼ 13.2% |
| Furniture and vehicles24 | €60,787 | €52,404 | €38,547 | €29,454 | €36,200 | ▲ 22.9% |
| Leasing and similar rights25 | €95,489 | €62,527 | €33,783 | €87,812 | €51,783 | ▼ 41.0% |
| Assets under construction and advance payments27 | - | - | - | - | €7,392 | - |
| Financial fixed assets28 | €1,053 | €1,053 | €1,053 | €1,053 | €1,053 | = |
| Other financial fixed assets284/8 | - | - | €1,053 | €1,053 | €1,053 | = |
| Amounts receivable and cash guarantees285/8 | - | - | €1,053 | €1,053 | €1,053 | = |
| Current assets29/58 | €3.7m | €4.6m | €4.6m | €5.4m | €5.6m | ▲ 3.6% |
| Stocks and contracts in progress3 | €1.1m | €1.4m | €1.1m | €1.3m | €1.5m | ▲ 9.5% |
| Stocks30/36 | €1.1m | €1.4m | €1.1m | €1.3m | €1.5m | ▲ 9.5% |
| Goods purchased for resale34 | - | - | €1.1m | €1.3m | €1.5m | ▲ 9.5% |
| Amounts receivable within one year40/41 | €2.4m | €2.8m | €3.1m | €3.0m | €2.5m | ▼ 16.7% |
| Trade receivables40 | €2.1m | €2.4m | €2.7m | €2.5m | €2.4m | ▼ 3.0% |
| Other amounts receivable41 | €304,998 | €411,259 | €428,619 | €463,554 | €41,988 | ▼ 90.9% |
| Cash at bank and in hand54/58 | €179,848 | €381,626 | €345,305 | €1.1m | €1.6m | ▲ 51.8% |
| Deferred charges and accrued income490/1 | €12,251 | €7,860 | €10,959 | €34,719 | €52,219 | ▲ 50.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €4.9m | €4.8m | €5.6m | €5.8m | ▲ 2.8% |
| Equity10/15 | €1.3m | €1.8m | €2.6m | €3.2m | €3.7m | ▲ 17.8% |
| Contributions10/11 | €79,108 | €79,108 | €79,108 | €79,108 | €79,108 | = |
| Capital10 | €79,108 | €79,108 | €79,108 | €79,108 | €79,108 | = |
| Issued capital100 | €79,108 | €79,108 | €79,108 | €79,108 | €79,108 | = |
| Reserves13 | €812,652 | €1.4m | €2.1m | €3.1m | €3.7m | ▲ 18.3% |
| Non-distributable reserves130/1 | €7,911 | €7,911 | €7,911 | €7,911 | €7,911 | = |
| Legal reserve130 | €7,911 | €7,911 | €7,911 | €7,911 | €7,911 | = |
| Distributable reserves133 | €804,741 | €1.4m | €2.1m | €3.1m | €3.7m | ▲ 18.4% |
| Profit (loss) carried forward14 | €385,018 | €385,018 | €385,018 | €0 | - | - |
| Amounts payable17/49 | €2.6m | €3.0m | €2.2m | €2.4m | €2.0m | ▼ 16.9% |
| Amounts payable after more than one year17 | €323,784 | €329,195 | €293,142 | €312,738 | €279,546 | ▼ 10.6% |
| Financial debts170/4 | €323,784 | €329,195 | €293,142 | €312,738 | €279,546 | ▼ 10.6% |
| Leasing and similar obligations172 | - | - | €6,169 | €43,851 | €22,418 | ▼ 48.9% |
| Credit institutions173 | - | - | €36,973 | €18,886 | €7,128 | ▼ 62.3% |
| Other loans174 | - | - | €250,000 | €250,000 | €250,000 | = |
| Amounts payable within one year42/48 | €2.2m | €2.7m | €1.9m | €2.1m | €1.7m | ▼ 18.6% |
| Current portion of amounts payable after more than one year42 | €115,273 | €66,495 | €61,052 | €44,748 | €33,192 | ▼ 25.8% |
| Financial debts43 | - | - | - | €91,858 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €91,858 | €0 | ▼ 100% |
| Trade debts44 | €1.5m | €1.6m | €1.2m | €858,258 | €721,718 | ▼ 15.9% |
| Suppliers440/4 | €1.5m | €1.6m | €1.2m | €858,258 | €721,718 | ▼ 15.9% |
| Advances received on contracts in progress46 | - | - | - | €11,476 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €240,211 | €373,680 | €210,113 | €248,711 | €152,240 | ▼ 38.8% |
| Taxes450/3 | €185,030 | €300,030 | €132,763 | €173,822 | €76,687 | ▼ 55.9% |
| Remuneration and social security454/9 | €55,181 | €73,650 | €77,350 | €74,889 | €75,553 | ▲ 0.9% |
| Other amounts payable47/48 | €391,372 | €640,855 | €456,085 | €836,245 | €794,399 | ▼ 5.0% |
| Accrued charges and deferred income492/3 | €14,147 | €12,533 | €16,880 | €24,589 | €36,899 | ▲ 50.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €772,062 | €1.0m | €755,338 | €1.2m | €1.3m | ▲ 9.1% |
| + Depreciation and write-downs630 | €51,632 | €53,805 | €60,730 | €55,982 | €58,038 | ▲ 3.7% |
| Operating cash flow (approximation) | €823,694 | €1.1m | €816,068 | €1.3m | €1.4m | ▲ 8.9% |
| Investment in fixed assets (approximation) | - | -€119,893 | -€13,755 | -€86,328 | -€20,677 | ▲ 76.0% |
| Change in cash | - | €201,778 | -€36,321 | €709,541 | €546,288 | ▼ 23.0% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
01-07
State Gazette act
Appointment: BV Foqué & Partners (statutory auditor)2 facts ▸
State Gazette act
Appointment: BV Foqué & Partners (statutory auditor)
2 facts ▸
- General meeting, 15-05-2026
- Auditor appointment, BV Foqué & Partners (statutory auditor)
2025
31-12
Financial
Highest result since 2018net €1.3m ▲9.1%
Operating result €1.8m, net result €1.3m, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €2mEq €2.6m ▲41.4%
6 profitable years in a row build equity to €2.6m.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.3m ▲63.2%
4 profitable years in a row build equity to €1.3m.
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €782,225 ▲60.6%
3 profitable years in a row build equity to €782,225.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €391,287 ▼12.3%
Net result drops to €391,287, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
FOQUE & PARTNERS BV
CurrentStatutory auditor · since 01-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 1990
Ground area
4,614 m²
Building footprint
2,454 m²
Volume, LiDAR
12,047 m³
Parcel 42021A0884/00N002, Flanders · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schaapveld (STG) 14, 9200 Dendermonde
since 19902.047.404.437
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0884/00N002 | Flanders | 4,614 m² | 1 · 2,454 m² | 5.9 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| FOQUE & PARTNERS BV |
|
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 6,167 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,167 EUR | 0 EUR |
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Of 1,173 companies in sector 46499 we hold annual accounts for 743. 343 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
Founded06-02-1990
Fiscal year end31-12
Activities, NACEBEL 2025
13940Manufacture of textiles
46499Wholesale of other household goods
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439910242
Also
9925:BE0439910242
Registered
12-11-2025
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.