Equity
€438,124 ▲ 12.8%
EXULTEX has made a profit in every financial year since 2021.
EXULTEX
Lifetime
5 annual accounts with figures on one time axispeak €1.4m (2024)
€745,335▼ 45.4%
peak €234,999 (2024)
€49,675▼ 78.9%
peak €438,124 (2025)
€438,124▲ 12.8%
€231,227▲ 59.2%
peak 15.3 FTE (2024)
10.5 FTE▼ 31.4%
Board2 names since 2020
-
Documentsfilings and deeds
02-02-20262 days late
2025abbreviated format
Turnover from €1.4m to €745,335Gross margin from €1.1m to €619,905Result from €234,999 to €49,675Staff from 15.3 FTE to 10.5 FTEEquity from €388,449 to €438,124Debts from €145,213 to €231,227
Key points
from the 2025 annual accountsResult
€49,675 ▼ 78.9%
The result fell in 2025 from €234,999 to €49,675.
Staff
10.5 FTE from 15.3 in 2024
Between 2024 and 2025, 31% of the full-time equivalents disappeared.
Payment terms
425 days to suppliers
EXULTEX pays its suppliers 403 days later than in 2024. Customers pay 31 days earlier.
Filings
5 annual accounts 4 late
The 2021 accounts came latest: 4 days after the end of the period.
Starting capital
€6,000 200 shares
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as EXULTEX has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
Test of the method
The method was tested on the 497,448 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 6,782 companies, not a prediction for EXULTEX. 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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
last known boardDirector, last mentioned in 2020
Director, last mentioned in 2020
- 100 sharesdeed of 20-07-2020
- 100 sharesdeed of 20-07-2020
Recent changes
Registered office moved within Meerhout
New registered office: Gestelsesteenweg 76 2450 Meerhout · Previous registered office: Begonialaan 27 2450 Meerhout · General meeting of 27-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0750780889
Registered office moved from Meerhout to Meerhout Begonialaan
New registered office: 2450 Meerhout Begonialaan 27 · Previous registered office: Hovesteenseweg 14 bus 1 2450 Meerhout · General meeting of 01-09-2022 · Gazette deed
Incorporation
Founding capital of €6,000, 200 shares · Founders: and · Appointments: (director) and (director) · published on 20-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXULTEX Meerhout | €0.7m | €619,905 | 65.5% | 10.5 |
| Porbel & Co Merelbeke-Melle | €0.6m | €615,183 | 38.1% | 9.5 |
| AB-Peeters Herentals | €1.3m | €893,760 | 2.5% | 10.9 |
| Pleisterwerken Verhelst Zedelgem | €0.5m | €422,155 | 8.0% | 6.8 |
| HAINAUT PLAFONNAGE Mouscron | €1.3m | €914,052 | 53.3% | 11.7 |
| BEZETTINGSWERKEN FRANSEN Herentals | €0.6m | €736,379 | 29.3% | 9 |
| GENPE Heist-op-den-Berg | €0.8m | €506,273 | 26.8% | 7.8 |
These companies have the same main activity as EXULTEX: plastering work (NACE 43310). They are comparable in size and age: total assets between €534,000 and €1.3m, founded between 2011 and 2022.
Official details
Source: KBO- Status
- Active since 16-07-2020Normal situation
- Activity
- Plastering workNACE 43310and 1 other
- Establishment unit
- 2.305.173.3262450 Meerhout, since 16-07-2020
- Financial year end
- 30 June
- Peppol
- Reachable since 08-12-2025
Annual accounts to 30-06-2025
- €669,351▲ 25.4%
- Employeeson 30-06-2025
- 8▼ 33.3%
- Filing
- Filed on 02-02-2026
Insights on EXULTEX
EXULTEX has existed since 2020. In 2022 turnover rose from €452,182 to €981,433 and staff from 3 to 10.2 full-time equivalents. The accounts now follow the abbreviated format, last year the micro format.
Solvency fell in 2025 from 72.8% to 65.5% because of higher debts to suppliers.
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 EXULTEX
- What is the company number of EXULTEX?
- The company number of EXULTEX is 0750.780.889. The VAT number is the same number with BE in front: BE 0750.780.889.
- Where is EXULTEX based?
- The registered office is at Gestelsesteenweg 76, 2450 Meerhout.Company details
- What does EXULTEX do?
- According to the KBO register, the main activity is plastering work (NACE 43310).
- What is the legal form of EXULTEX?
- EXULTEX is a private limited company (BV).
- When was EXULTEX founded?
- EXULTEX was founded on 16-07-2020.
- Is EXULTEX still active?
- Yes, EXULTEX is an active enterprise in the KBO register.
- How many employees does EXULTEX have?
- EXULTEX had an average of 10.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of EXULTEX?
- The turnover of EXULTEX was €745,335 in financial year 2025, according to the filed annual accounts.
- Is EXULTEX profitable?
- In financial year 2025, EXULTEX made a profit of €49,675.
- Where can I find the annual accounts of EXULTEX?
- EXULTEX filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXULTEX due?
- EXULTEX must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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