Extern
ActiveSummary
Extern has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,969 and a net result of €22,509. Equity is growing by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 790 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency99▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.57 against 1.81 in 2024; short-term debt: 26.2% and cash: 8.6% of total assets), and 26.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
73.8%
Return on assets
9.7%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Employment activities (NACE 78)
about 17% fewer 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 29-07-2026, 2 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
2 d early
2024
60 d late
2023
31 d late
2022
397 d late
2021
23 d late
2020
31 d early
2019
56 d late
← 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 76 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 30% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€171,969▲ 14.4%
2024 · €150,356
Total assets
€232,888▲ 19.2%
2024 · €195,320
Net result
€22,509▼ 58.9%
2024 · €54,711
Working capital
€156,484▲ 329%
2024 · €36,440
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
Operating result€30,530▼ 3.0%€38,935▲ 27.5%€49,749▲ 27.8%€78,329▲ 57.5%€37,450▼ 52.2%
Net result€22,180▼ 22.5%€25,739▲ 16.0%€35,914▲ 39.5%€54,711▲ 52.3%€22,509▼ 58.9%
Equity€33,992▲ 188%€59,732▲ 75.7%€95,645▲ 60.1%€150,356▲ 57.2%€171,969▲ 14.4%
Total assets€80,051▲ 70.1%€149,019▲ 86.2%€203,295▲ 36.4%€195,320▼ 3.9%€232,888▲ 19.2%
Debt€46,059▲ 30.6%€89,287▲ 93.9%€107,649▲ 20.6%€44,964▼ 58.2%€60,919▲ 35.5%
Working capital€21,514€53,041▲ 147%€79,281▲ 49.5%€36,440▼ 54.0%€156,484▲ 329%
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 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232,888
Fixed assets
€15,485 ▼ 86.4%
Current assets
€217,403 ▲ 167%
Equity and liabilities €232,888
Equity
€171,969 ▲ 14.4%
Debt
€60,919 ▲ 35.5%
Debt's share of the balance-sheet total rises from 23.0% to 26.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44,736▼
2024 · €81,722
Cash flow
€29,796▼
2024 · €58,103
Current ratio
3.57▲
2024 · 1.81
Debt to equity
0.35▲
2024 · 0.30
ROE
13.1%▼
2024 · 36.4%
ROA
9.7%▼
2024 · 28.0%
Interest coverage
10.72▼
2024 · 977.53
Debt ≤ 1 year
€60,919▲
2024 · €44,964
Income taxes
€10,813▼
2024 · €23,541
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,023 | €5,788 | €6,438 | €3,392 | €7,286 | ▲ 115% |
| Other operating charges640/8 | €1,180 | €1,042 | €790 | €2,248 | €830 | ▼ 63.1% |
| Non-recurring operating charges66A | - | - | - | €2,179 | €0 | ▼ 100% |
| Gross operating margin9900 | €37,733 | €45,765 | €56,977 | €86,149 | €45,566 | ▼ 47.1% |
| Operating profit (loss)9901 | €30,530 | €38,935 | €49,749 | €78,329 | €37,450 | ▼ 52.2% |
| Financial income75/76B | €1,069 | €3,895 | €4,734 | €6 | €45 | ▲ 610% |
| Recurring financial income75 | €1,069 | €3,895 | €4,734 | €6 | €45 | ▲ 610% |
| Financial charges65/66B | €307 | €1,620 | €764 | €84 | €4,173 | ▲ 4,891% |
| Recurring financial charges65 | €307 | €1,620 | €764 | €84 | €4,173 | ▲ 4,891% |
| Profit (loss) for the period before taxes9903 | €31,292 | €41,211 | €53,718 | €78,252 | €33,322 | ▼ 57.4% |
| Income taxes67/77 | €9,111 | €15,471 | €17,804 | €23,541 | €10,813 | ▼ 54.1% |
| Profit (loss) for the period9904 | €22,180 | €25,739 | €35,914 | €54,711 | €22,509 | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €22,180 | €25,739 | €35,914 | €54,711 | €22,509 | ▼ 58.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80,051 | €149,019 | €203,295 | €195,320 | €232,888 | ▲ 19.2% |
| Fixed assets21/28 | €12,478 | €6,690 | €16,365 | €113,916 | €15,485 | ▼ 86.4% |
| Tangible fixed assets22/27 | €12,028 | €6,240 | €15,915 | €19,419 | €15,035 | ▼ 22.6% |
| Plant, machinery and equipment23 | - | - | - | €991 | €2,508 | ▲ 153% |
| Furniture and vehicles24 | €12,028 | €6,240 | €15,915 | €18,428 | €12,526 | ▼ 32.0% |
| Financial fixed assets28 | €450 | €450 | €450 | €94,497 | €450 | ▼ 99.5% |
| Current assets29/58 | €67,573 | €142,328 | €186,930 | €81,404 | €217,403 | ▲ 167% |
| Amounts receivable within one year40/41 | €63,788 | €130,656 | €176,542 | €63,560 | €197,337 | ▲ 210% |
| Trade receivables40 | €19,566 | €48,820 | €78,820 | €63,359 | €43,886 | ▼ 30.7% |
| Other amounts receivable41 | €44,222 | €81,836 | €97,721 | €201 | €153,451 | ▲ 76,145% |
| Cash at bank and in hand54/58 | €3,785 | €11,672 | €10,389 | €17,844 | €19,980 | ▲ 12.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €87 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80,051 | €149,019 | €203,295 | €195,320 | €232,888 | ▲ 19.2% |
| Equity10/15 | €33,992 | €59,732 | €95,645 | €150,356 | €171,969 | ▲ 14.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €13,992 | €39,732 | €75,645 | €130,356 | €151,969 | ▲ 16.6% |
| Amounts payable17/49 | €46,059 | €89,287 | €107,649 | €44,964 | €60,919 | ▲ 35.5% |
| Amounts payable within one year42/48 | €46,059 | €89,287 | €107,649 | €44,964 | €60,919 | ▲ 35.5% |
| Financial debts43 | €5 | €5 | - | €1,916 | €3,098 | ▲ 61.7% |
| Credit institutions430/8 | €5 | €5 | - | €1,916 | €3,098 | ▲ 61.7% |
| Trade debts44 | €24,024 | €37,385 | €38,241 | €8,918 | €7,442 | ▼ 16.6% |
| Suppliers440/4 | €24,024 | €37,385 | €38,241 | €8,918 | €7,442 | ▼ 16.6% |
| Advances received on contracts in progress46 | €4,404 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €16,826 | €29,959 | €38,965 | €31,735 | €50,379 | ▲ 58.7% |
| Taxes450/3 | €16,826 | €29,959 | €38,965 | €31,735 | €50,379 | ▲ 58.7% |
| Other amounts payable47/48 | €799 | €21,939 | €30,443 | €2,395 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,180 | €25,739 | €35,914 | €54,711 | €22,509 | ▼ 58.9% |
| + Depreciation and write-downs630 | €6,023 | €5,788 | €6,438 | €3,392 | €7,286 | ▲ 115% |
| Operating cash flow (approximation) | €28,203 | €31,527 | €42,352 | €58,103 | €29,796 | ▼ 48.7% |
| Investment in fixed assets (approximation) | - | €0 | -€16,113 | -€100,944 | €91,145 | ▲ 190% |
| Change in cash | - | €7,888 | -€1,284 | €7,455 | €2,136 | ▼ 71.4% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2018net €54,711 ▲52.3%
Operating result €78,329, net result €54,711, both a record.
31-12
Financial
Equity above €150,000Eq €150,356 ▲57.2%
5 profitable years in a row build equity to €150,356.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 397 days late
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €28,618
Net result €28,618 after 2 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet -€28,718
Net result drops to -€28,718, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 46 days late
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, Antwerpen · 1 establishment unit since 2017
Ground area
1.0 ha
Building footprint
1,768 m²
Volume, LiDAR
99,933 m³
Parcel 11807G1698/02C000, Flanders · tallest building 64.4 m, ±19 floors. Linked by address, not a title deed.
1 establishment unit
Extern
since 20172.270.418.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1698/02C000 | Flanders | 1.0 ha | 1 · 1,768 m² | 64.4 m · 19 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.
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Of 1,014 companies in sector 78200 we hold annual accounts for 645. 453 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
Founded15-09-2017
Fiscal year end31-12
Activities, NACEBEL 2025
78200Temporary employment agencies and other provision of personnel
64210Activities of holding companies
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0681445388
Also
9925:BE0681445388
Registered
22-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.