Debts
€54,017 100% of the balance sheet
Suppliers 1%Taxes and wages 56%Other 42%
EXU
Lifetime
11 annual accounts with figures on one time axispeak €145,873 (2018)
€137,478▼ 0.1%
lowest -€20,164 (2025)
-€20,164▼ €21,830
peak €47,919 (2020)
€108▼ 99.5%
€54,017▲ 32.8%
Board1 name since 2015
1 directorQuarcoo Duke Tettey
Documentsfilings and deeds
20-07-202611 days before the deadline
2025abbreviated format
Gross margin from €12,921 to -€4,689Loss of €20,164Equity from €20,272 to €108Debts from €40,667 to €54,017
Key points
from the 2025 annual accountsFilings
11 annual accounts since 2015
The last five annual accounts were filed 6 to 28 days before the end of the period.
Position in the sector
€108
Less equity than 87% of companies in printing. Sector median €155,299 · 359 companies.
Checked score
53
Fair
Financially stronger than 21% of micro companies in printing (NACE 18)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.2%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 1.1%▼ -0.1 percentage points vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 0.4%▼ -0.7 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.3%▼ -0.1 percentage points vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.3%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.8 percentage points vs 07-2026
09-2026: 1.1%● unchanged vs 08-2026
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €20,164 (financial year 2025)
Equity €108 (0.2% of total assets)
Sector: Printing and reproduction of recorded media (NACE 18)
lowers risk
Size: turnover €137,478, total assets €54,125
Calculation
The band follows from the bankruptcy probability. 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 18, micro). It does better than 15% of them on solvency, 33% on liquidity, 6% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 642 companies had the same profile as EXU has now. Each dot stands for 2 companies, two years later.
89.9%
were still trading
5.5%
stopped another way
3.6%
went bankrupt
Another 1.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EXU itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 642 companies, not a prediction for EXU. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so 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 is insufficient, with a current ratio of 0.94 (1.33 in 2024), below 1. Short-term debt is 99.8% and cash 36.4% of total assets. 99.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 359 sector peers (2025).
NBB · sector comparisonPosition among 359 sector peers
Solvency
better than 14%
← 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 days early
2024
23 days early
2023
15 days early
2022
6 days early
2021
28 days early
2020
11 days early
2019
7 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0628984028
Change of role: QUARCOO Duke Tettey, from manager to director
QUARCOO Duke Tettey holds all the shares · Director discharge: QUARCOO Duke Tettey · General meeting of 13-12-2023 · Gazette deed
Registered office moved from Brussels to Bruxelles Forest
New registered office: Chaussée Neerstalle 26A, 1190 Bruxelles Forest · Previous registered office: Harenberg 124, 1130 Bruxelles · General meeting of 24-03-2022 · Gazette deed
Incorporation
published on 04-05-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXU Forest | €137,478 | -8.0% | 0.2% | - |
| Flüssig Heusden-Zolder | - | - | 82.6% | - |
| BIOLIFE BELGIUM Woluwe-Saint-Lambert | €115,846 | 10.3% | 22.2% | - |
| FLATCAT Forest | - | - | 69.4% | - |
| ARELIA NEXUS Jette | - | - | 98.4% | - |
| ELYPSIA RECORDS Schaerbeek | - | - | -254.1% | - |
| BINK Lokeren | - | - | 58.1% | - |
Grey: the largest companies of the sector (printing (NACE 18)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as EXU: printing and reproduction of recorded media (NACE 18200). They are comparable in size and age: total assets between €39,600 and €142,000, founded between 2005 and 2017.
Official details
Source: KBO- Status
- Active since 29-04-2015Normal situation
- Activity
- Printing and reproduction of recorded mediaNACE 18200and 5 others
- Establishment unit
- 2.242.502.3191190 Forest, since 29-04-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 22-01-2026
Annual accounts 2025
- €54,125▼ 11.2%
- ≈ 0 FTEestimated
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on EXU
EXU has existed since 2015. Turnover grew from €55,375 in 2015 to €137,478 in 2025.
Solvency fell in 2025 from 33.3% to 0.2% because of the loss.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EXU
- What is the company number of EXU?
- The company number of EXU is 0628.984.028. The VAT number is the same number with BE in front: BE 0628.984.028.
- Where is EXU based?
- The registered office is at Neerstalse Steenweg 26A, 1190 Forest.Company details
- What does EXU do?
- According to the KBO register, the main activity is printing and reproduction of recorded media (NACE 18200).
- What is the legal form of EXU?
- EXU is a private limited company (BV).
- When was EXU founded?
- EXU was founded on 29-04-2015.
- Is EXU still active?
- Yes, EXU is an active enterprise in the KBO register.
- What is the turnover of EXU?
- The turnover of EXU was €137,478 in financial year 2025, according to the filed annual accounts.Financials
- Is EXU profitable?
- In financial year 2025, EXU made a loss of €20,164.
- Where can I find the annual accounts of EXU?
- EXU filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXU due?
- EXU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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