EXTERNA
ActiveSummary
EXTERNA has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,891 and a net result of €5,052. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 39,200 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €26,891
- Profit
- €5,052
Why 93lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 1.61, cash €23,059, halvedSize: total assets €70,795Figures for financial year 2025 (filed 30-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 36% on solvency, 49% on liquidity, 25% on profitability and 69% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 3 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2025net €23,870 ▲1,070%
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 82% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy 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).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 31,368 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €117 | €0 | - | €1,810 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €67 | €67 | €67 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €904 | €855 | €1,069 | €1,243 | €764 | ▼ 38.6% |
| Gross operating margin9900 | -€6,099 | -€3,037 | €1,351 | €1,585 | €2,499 | €3,247 | €24,757 | €4,896 | ▼ 80.2% |
| Operating profit (loss)9901 | -€7,086 | -€4,053 | €450 | €681 | €1,576 | €2,110 | €23,446 | €4,132 | ▼ 82.4% |
| Financial income75/76B | - | - | - | - | - | €78 | €506 | €770 | ▲ 52.2% |
| Recurring financial income75 | €77 | €7 | - | - | - | €78 | €506 | €770 | ▲ 52.2% |
| Financial charges65/66B | - | - | - | €38 | €30 | €31 | €35 | €0 | ▼ 100% |
| Recurring financial charges65 | €20 | €22 | €27 | €38 | €30 | €31 | €35 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€7,029 | -€4,068 | €423 | €643 | €1,546 | €2,156 | €23,917 | €4,902 | ▼ 79.5% |
| Income taxes67/77 | €22 | -€21 | - | - | €140 | €116 | €47 | -€150 | - |
| Profit (loss) for the period9904 | -€7,051 | -€4,047 | €423 | €643 | €1,406 | €2,040 | €23,870 | €5,052 | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | -€7,051 | -€4,047 | €423 | €643 | €1,406 | €2,040 | €23,870 | €5,052 | ▼ 78.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €49,910 | €43,916 | €42,808 | €41,431 | €40,669 | €44,513 | €65,413 | €70,795 | ▲ 8.2% |
| Fixed assets21/28 | - | - | - | - | €135 | €67 | €0 | - | - |
| Intangible fixed assets21 | - | - | - | - | €135 | €67 | €0 | - | - |
| Current assets29/58 | €49,910 | €43,916 | €42,808 | €41,431 | €40,535 | €44,446 | €65,413 | €70,795 | ▲ 8.2% |
| Amounts receivable within one year40/41 | €4,578 | €12,303 | €10,060 | €18,363 | €9,093 | €18,319 | €17,545 | €17,736 | ▲ 1.1% |
| Trade receivables40 | - | - | - | €17,545 | €8,773 | €18,319 | €17,545 | €17,545 | = |
| Other amounts receivable41 | - | - | - | €818 | €321 | €0 | - | €191 | - |
| Current investments50/53 | - | - | - | - | - | - | - | €30,000 | - |
| Cash at bank and in hand54/58 | €45,332 | €31,613 | €32,748 | €23,068 | €31,442 | €26,127 | €47,868 | €23,059 | ▼ 51.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €49,910 | €43,916 | €42,808 | €41,431 | €40,669 | €44,513 | €65,413 | €70,795 | ▲ 8.2% |
| Equity10/15 | -€2,497 | -€6,544 | -€6,121 | -€5,479 | -€4,072 | -€2,032 | €21,838 | €26,891 | ▲ 23.1% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €15,699 | €15,699 | €15,699 | €15,699 | €15,699 | €15,699 | €15,699 | €15,699 | = |
| Distributable reserves133 | - | - | - | €15,699 | €15,699 | €15,699 | €15,699 | €15,699 | = |
| Profit (loss) carried forward14 | -€38,196 | -€42,243 | -€41,820 | -€41,178 | -€39,771 | -€37,731 | -€13,861 | -€8,808 | ▲ 36.5% |
| Amounts payable17/49 | €52,407 | €50,460 | €48,930 | €46,909 | €44,741 | €46,545 | €43,575 | €43,904 | ▲ 0.8% |
| Amounts payable within one year42/48 | €52,407 | €50,460 | €48,930 | €46,909 | €44,741 | €46,545 | €43,575 | €43,904 | ▲ 0.8% |
| Trade debts44 | €412 | €552 | €1,078 | €1,033 | €263 | €2,219 | €70 | €473 | ▲ 579% |
| Suppliers440/4 | - | - | - | €1,033 | €263 | €2,219 | €70 | €473 | ▲ 579% |
| Taxes, remuneration and social security45 | - | - | - | - | €140 | €378 | €664 | €590 | ▼ 11.1% |
| Taxes450/3 | - | - | - | - | €140 | €378 | €664 | €590 | ▼ 11.1% |
| Other amounts payable47/48 | - | - | - | €45,876 | €44,338 | €43,948 | €42,841 | €42,841 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,051 | -€4,047 | €423 | €643 | €1,406 | €2,040 | €23,870 | €5,052 | ▼ 78.8% |
| + Depreciation and write-downs630 | - | - | - | - | €67 | €67 | €67 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€7,051 | -€4,047 | €423 | €643 | €1,474 | €2,108 | €23,937 | €5,052 | ▼ 78.9% |
| Investment in fixed assets (approximation) | - | - | - | - | - | €0 | €0 | - | - |
| Change in cash | - | -€13,719 | €1,135 | -€9,680 | €8,373 | -€5,315 | €21,741 | -€24,809 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00359844 |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00318735 |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00284656 |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00287401 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20256394 |
| 31-12-2020 | micro format | 30-07-2021 | 2021-43900083 |
| 31-12-2019 | micro format | 31-07-2020 | 2020-39000061 |
| 31-12-2018 | micro format | 11-07-2019 | 2019-32400089 |
| 31-12-2017 | micro format | 31-07-2018 | 2018-42400016 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-26200158 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MICHOTTE Bart Maurice J |
|
Owners and capital
Capital and shareholders
- MICHOTTE Bart Maurice Jozef 200 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 30-11-2023 Converted to unavailable equity · €20,000
Group and network
Connections & network
3 connected companiesHistory
Acts, filings and financial milestones
30-11
Gazette deed
Resignation: MICHOTTE Bart Maurice Jozef (manager)Appointment: MICHOTTE Bart Maurice Jozef (director) · Shareholding · Amendment of the articles14 facts ▸
- General meeting, 28-11-2023
- Shareholding, 200
- Director in office, MICHOTTE Bart Maurice Jozef (director)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, MICHOTTE Bart Maurice Jozef (manager)
- Director appointment, MICHOTTE Bart Maurice Jozef (director)
- Director discharge, MICHOTTE Bart Maurice Jozef
- Other provision, 08-11-2023
- Other provision, “afwezigheid bestuursverbod, geen veroordeling tot bestuursverbod door rechtscollege EER-lidstaat” (deed in Dutch)
- +2 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73001K0200/00X000 | Flanders | 3,521 m² | 1 · 200 m² | 6.2 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van diensten, adviezen als consulent aan alle soorten van bedrijven, instellingen en personen; Het uitvoeren van de onderneming…” (deed in Dutch)
5 activities (deed in Dutch)
- Het verlenen van diensten, adviezen als consulent aan alle soorten van bedrijven, instellingen en personen;
- Het uitvoeren van de onderneming van tussenpersoon, makelaar of bouwpromotor in onroerende goederen;
- Het organiseren van beurzen, tentoonstellingen en congressen;
- Het instellen van een hotel en logementshuis met de hieraan verbonden spijshuizen en drankgelegenheden, familiepensions, rusthuizen, serviceflats en andere initiatieven;
- Het groeperen van gemeenschappelijke aankopen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- EXTERNA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste van overdrager en helft ten laste van koper(s) naar evenredigheid verworven aantal bij…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Ten minste vijftien dagen te rekenen van de dag van de openstelling van de intekening, eerst aan bestaande aandeelhouders naar evenredigheid…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, ontbinding elk moment” (deed in Dutch)1 more provision on this in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie als vereffenaar(s) krachtens statuten, indien geen andere vereffenaar benoemd” (deed in Dutch)