EXU
ActiveSummary
The annual accounts of EXU for fiscal year 2025 show a net loss of 99% of the equity at the start of that year. The 2025 annual accounts show equity of €108 and a net result of €-20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 312 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-42
Solvency25▼-33
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.94 against 1.33 in 2024; short-term debt: 99.8% and cash: 36.4% of total assets), and 99.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.2%
Return on assets
-37.3%
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 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 312 sector peers (2025).
NBB · sector comparisonPosition among 312 sector peers
Solvency
better than 12%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
23 d early
2023
15 d early
2022
6 d early
2021
28 d early
2020
11 d early
2019
7 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, abbreviated schema
Turnover
€137k▼ 0.1%
2024 · €138k
2018: €146khighest in 8 years
2019: €106k▼ -27.1% vs 2018lowest in 8 years
2020: €137k▲ +29.2% vs 2019
2021: €118k▼ -13.9% vs 2020
2022: €132k▲ +11.6% vs 2021
2023: €138k▲ +4.6% vs 2022
2024: €138k▼ -0.3% vs 2023
2025: €137k▼ -0.1% vs 2024
2018 → 2025
EBIT margin
-8.0%▼ 13.8pp
2024 · 5.8%
2018: 27.3%highest in 8 years
2019: -6.0%▼ -122% vs 2018
2020: 23.3%▲ +489% vs 2019
2021: 0.1%▼ -99.6% vs 2020
2022: -3.9%▼ -4755% vs 2021
2023: -12.7%▼ -228% vs 2022lowest in 8 years
2024: 5.8%▲ +146% vs 2023
2025: -8.0%▼ -237% vs 2024
2018 → 2025
Net result
€-20k
2024 · €2k
2018: €28khighest in 8 years
2019: €-8k▼ -128% vs 2018
2020: €23k▲ +399% vs 2019
2021: €-2k▼ -108% vs 2020
2022: €-8k▼ -318% vs 2021
2023: €-19k▼ -141% vs 2022
2024: €2k▲ +109% vs 2023
2025: €-20k▼ -1310% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-3k
2024 · €14k
2018: €26k
2019: €20k▼ -22.3% vs 2018
2020: €46k▲ +127% vs 2019
2021: €75k▲ +63.4% vs 2020highest in 8 years
2022: €49k▼ -34.1% vs 2021
2023: €21k▼ -56.7% vs 2022
2024: €14k▼ -36.7% vs 2023
2025: €-3k▼ -125% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€118k-€132k▲ 11.6%€138k▲ 4.6%€138k▼ 0.3%€137k▼ 0.1%
2021: €118klowest in 5 years
2022: €132k▲ +11.6% vs 2021
2023: €138k▲ +4.6% vs 2022highest in 5 years
2024: €138k▼ -0.3% vs 2023
2025: €137k▼ -0.1% vs 2024
Equity€46k-€38k▼ 17.5%€19k▼ 51.0%€20k▲ 9.0%€108▼ 99.5%
2021: €46khighest in 5 years
2022: €38k▼ -17.5% vs 2021
2023: €19k▼ -51.0% vs 2022
2024: €20k▲ +9.0% vs 2023
2025: €108▼ -99.5% vs 2024lowest in 5 years
Operating result€98-€-5k€-18k▼ 243%€8k€-11k
2021: €98
2022: €-5k▼ -5294% vs 2021
2023: €-18k▼ -243% vs 2022lowest in 5 years
2024: €8k▲ +146% vs 2023highest in 5 years
2025: €-11k▼ -237% vs 2024
Net result€-2k-€-8k▼ 318%€-19k▼ 141%€2k€-20k
2021: €-2k
2022: €-8k▼ -318% vs 2021
2023: €-19k▼ -141% vs 2022
2024: €2k▲ +109% vs 2023highest in 5 years
2025: €-20k▼ -1310% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€4k ▼ 47.2%
Current assets
€51k ▼ 6.7%
Equity and liabilities €54k
Equity
€108 ▼ 99.5%
Debt
€54k ▲ 32.8%
Debt's share of the balance-sheet total rises from 66.7% to 99.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-8k▼
2024 · €11k
Cash flow
€-17k▼
2024 · €5k
Current ratio
0.94▼
2024 · 1.33
ROA
-37.3%▼
2024 · 2.7%
Interest coverage
-0.86▼
2024 · 1.81
Debt ≤ 1 year
€54k▲
2024 · €41k
Staff costs
€58▼
2024 · €389
Equity ratios withheld: equity of €108 is too small for a meaningful ratio.
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€61k€54k▼
Fixed assets21/28€7k€4k▼
Tangible fixed assets22/27€7k€4k▼
Plant, machinery and equipment23€2k€752▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€54k€51k▼
Amounts receivable within one year40/41€17k€30k▲
Trade receivables40€13k€15k▲
Other amounts receivable41€5k€14k▲
Cash at bank and in hand54/58€25k€20k▼
Deferred charges and accrued income490/1€12k€1k▼
Equity and liabilities
Total equity and liabilities10/49€61k€54k▼
Equity10/15€20k€108▼
Contributions10/11€3k€3k=
Capital10€3k€3k=
Issued capital100€3k€3k=
Profit (loss) carried forward14€18k€-2k▼
Amounts payable17/49€41k€54k▲
Amounts payable within one year42/48€41k€54k▲
Current portion of amounts payable after more than one year42€11k€23k▲
Trade debts44€390€716▲
Suppliers440/4€390€716▲
Taxes, remuneration and social security45€30k€30k▲
Taxes450/3€30k€30k▲
Income statement
Code20242025
Turnover70€138k€137k▼
Non-recurring operating income76A€2k-
Goods, raw materials, services and sundry goods60/61€126k€142k▲
Remuneration, social security and pensions62€389€58▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€1k€3k▲
Gross operating margin9900€13k€-5k▼
Operating profit (loss)9901€8k€-11k▼
Financial income75/76B-€4
Recurring financial income75-€4
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€2k€-20k▼
Income taxes67/77€164-
Profit (loss) for the period9904€2k€-20k▼
Profit (loss) for the period to be appropriated9905€2k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-2k▼
Profit (loss) brought forward from the previous period14P€16k€18k▲
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €118k | €132k | €138k | €138k | €137k | ▼ 0.1% |
| Non-recurring operating income76A | €394 | - | €3k | €2k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €116k | €134k | €151k | €126k | €142k | ▲ 12.5% |
| Remuneration, social security and pensions62 | €63 | €7 | €2k | €389 | €58 | ▼ 85.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €863 | €2k | €3k | €3k | €3k | ▼ 0.9% |
| Other operating charges640/8 | €2k | €2k | €3k | €1k | €3k | ▲ 136% |
| Gross operating margin9900 | €3k | €-2k | €-10k | €13k | €-5k | ▼ 136% |
| Operating profit (loss)9901 | €98 | €-5k | €-18k | €8k | €-11k | ▼ 237% |
| Financial income75/76B | - | - | €3 | - | €4 | - |
| Recurring financial income75 | - | - | €3 | - | €4 | - |
| Financial charges65/66B | €1k | €3k | €2k | €6k | €9k | ▲ 47.9% |
| Recurring financial charges65 | €1k | €3k | €2k | €6k | €9k | ▲ 47.9% |
| Profit (loss) for the period before taxes9903 | €-1k | €-8k | €-19k | €2k | €-20k | ▼ 1,202% |
| Income taxes67/77 | €567 | - | - | €164 | - | - |
| Profit (loss) for the period9904 | €-2k | €-8k | €-19k | €2k | €-20k | ▼ 1,310% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-8k | €-19k | €2k | €-20k | ▼ 1,310% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €102k | €83k | €61k | €54k | ▼ 11.2% |
| Fixed assets21/28 | €2k | €10k | €8k | €7k | €4k | ▼ 47.2% |
| Tangible fixed assets22/27 | €2k | €10k | €8k | €7k | €4k | ▼ 47.2% |
| Plant, machinery and equipment23 | - | - | €951 | €2k | €752 | ▼ 60.6% |
| Furniture and vehicles24 | €2k | €10k | €7k | €5k | €3k | ▼ 41.8% |
| Current assets29/58 | €101k | €92k | €75k | €54k | €51k | ▼ 6.7% |
| Amounts receivable within one year40/41 | €49k | €34k | €33k | €17k | €30k | ▲ 70.3% |
| Trade receivables40 | €28k | €25k | €18k | €13k | €15k | ▲ 18.6% |
| Other amounts receivable41 | €22k | €9k | €16k | €5k | €14k | ▲ 216% |
| Cash at bank and in hand54/58 | €51k | €26k | €20k | €25k | €20k | ▼ 22.0% |
| Deferred charges and accrued income490/1 | €1k | €32k | €22k | €12k | €1k | ▼ 89.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €102k | €83k | €61k | €54k | ▼ 11.2% |
| Equity10/15 | €46k | €38k | €19k | €20k | €108 | ▼ 99.5% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Capital10 | €3k | €3k | €3k | €3k | €3k | = |
| Issued capital100 | €3k | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €43k | €35k | €16k | €18k | €-2k | ▼ 113% |
| Amounts payable17/49 | €57k | €64k | €64k | €41k | €54k | ▲ 32.8% |
| Amounts payable after more than one year17 | €31k | €21k | €11k | - | - | - |
| Financial debts170/4 | €31k | €21k | €11k | - | - | - |
| Amounts payable within one year42/48 | €26k | €43k | €54k | €41k | €54k | ▲ 32.8% |
| Current portion of amounts payable after more than one year42 | €13k | €10k | €10k | €11k | €23k | ▲ 116% |
| Trade debts44 | €1k | €7k | €1k | €390 | €716 | ▲ 83.5% |
| Suppliers440/4 | €1k | €7k | €1k | €390 | €716 | ▲ 83.5% |
| Taxes, remuneration and social security45 | €12k | €26k | €42k | €30k | €30k | ▲ 2.3% |
| Taxes450/3 | €12k | €26k | €42k | €30k | €30k | ▲ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-8k | €-19k | €2k | €-20k | ▼ 1,310% |
| + Depreciation and write-downs630 | €863 | €2k | €3k | €3k | €3k | ▼ 0.9% |
| Operating cash flow (approximation) | €-1k | €-6k | €-16k | €5k | €-17k | ▼ 449% |
| Investment in fixed assets (approximation) | - | €-9k | €-1k | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-25k | €-6k | €5k | €-6k | ▼ 201% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.43
Current ratio from 1.69 to 3.43; short-term debt falls from €29k to €19k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-06
NBB filing
Annual accounts filed
fiscal year 2016 · full 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, Vorst · 1 establishment unit since 2015
Ground area
206 m²
Building footprint
117 m²
Volume, LiDAR
1,066 m³
Parcel 21384D0212/00M003, Brussels · tallest building 13.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EXU
since 20152.242.502.319
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0212/00M003 | Brussels | 206 m² | 1 · 117 m² | 13.8 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
Of 318 companies in sector 18200 we hold annual accounts for 114. 2 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
18200Printing and reproduction of recorded media
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
59120Post-production of films, video and television programmes
Scores and ratios are computed by Checked and are not a credit decision.