Equity
-€138,225
Debts exceed assets in financial year 2025.
EXALATE
Lifetime
14 annual accounts with figures on one time axispeak €2.1m (2023)
€1.4m▲ 312%
lowest -€1.1m (2024)
-€453,778▲ €630,647
peak €1.4m (2023)
-€138,225▼ €453,778
€3.0m▲ 20.8%
peak 21.8 FTE (2022)
15 FTE▼ 5.7%
Board6 names since 2011
1 directorKBC SECURITIES
Owners
Documentsfilings and deeds
24-07-20267 days before the deadline
2025financial year
Gross margin from €345,213 to €1.4mLoss of €453,778Registered office moved within Antwerp 17-12Publication in the Belgian Official Gazette 19-02Equity from €315,552 to -€138,225Debts from €2.4m to €3.0m
Key points
from the 2025 annual accountsLosses
-€1.5m in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€3.0m 105% of the balance sheet
Suppliers 9%Taxes and wages 5%Other 86%
Of this, €419,862 falls due within a year.
Staff
15 FTE from 21.8 in 2022
Between 2022 and 2025, 31% of the full-time equivalents disappeared.
At the same address
113 companies
Position in the sector
-€138,225
Less equity than 91% of companies in computing infrastructure and information services. Sector median €904,349 · 224 companies.
Net result +58%: other schema
Checked score
54
Fair
Financially stronger than 25% of small companies in computing infrastructure and information services (NACE 63)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 184 companies (NACE 63, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: 0.1%▲ +0.1 percentage points vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.6 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 1.3%▲ +0.6 percentage points vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.5%▲ +0.2 percentage points vs 02-2026
04-2026: 1.5%● unchanged vs 03-2026
05-2026: 1.4%▼ -0.1 percentage points vs 04-2026
06-2026: 1.5%▲ +0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.5%▼ -0.1 percentage points vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €453,778, the second in a row (financial year 2025)
Negative equity -€138,225
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 5.09, cash €704,165
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 63, small). It does better than 6% of them on solvency, 85% on liquidity, 7% on profitability and 2% 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, 598 companies had the same profile as EXALATE has now. Each dot stands for 2 companies, two years later.
83.3%
were still trading
6.0%
stopped another way
9.4%
went bankrupt
Another 1.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EXALATE itself is lower: 1.5% within 12 months. It rests on far more data about EXALATE than the profile alone.
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 598 companies, not a prediction for EXALATE. 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 credit on open account
Liquidity is ample, with a current ratio of 5.09 (4.24 in 2024), above the usual 1.5. Short-term debt is 14.9% and cash 25% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€138,225
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
20 days early
2023
19 days early
2022
3 days early
2021
34 days early
2020
36 days early
2019
36 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 22 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% 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 13 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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- KBC Focus fund 11.97%equity €21.1m (2025) · 2025 annual accounts of KBC Focus fund
Shares in 1 company, Idalko France
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0834937594
Registered office moved within Antwerp
New registered office: IJzerenpoortkaai 3 bus 37, 2000 Antwerpen · Previous registered office: Roderveldlaan 2 bus 3, 2600 Antwerpen · General meeting of 22-10-2025 · Gazette deed
Publication in the Belgian Official Gazette
Capital €558,500, annual accounts 2025 · Gazette deed
Company renamed from IDALKO to EXALATE
Resignation: LIEVENS Dirk (director) · Appointment: KBC Securities (class B director) · Permanent representative: SCHREVER Koen Julius Gustaaf · General meeting of 08-05-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXALATE Antwerp | - | - | -4.9% | 15 |
| IntoData Kontich | €3.8m | 9.9% | 63.2% | 15.4 |
| LERNOVA Lokeren | - | - | 11.9% | 13.4 |
| CODATA SERVICES Namur | - | - | 65.0% | 19 |
| EUROPEAN GAS SHIPPING SERVICES & INFORMATION SYSTEMS Aalst | €4.3m | 19.1% | 77.4% | 14.4 |
| GRIZZLY NEW MARKETING Antwerp | - | - | 18.2% | 28.3 |
| SmartEye Antwerp | - | - | 73.9% | 7.8 |
These companies have the same main activity as EXALATE: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €1.5m and €3.7m, founded between 2007 and 2014.
Official details
Source: KBO- Status
- Active since 29-03-2011Normal situation
- Registered office
- 114 active companies are registered at this address11 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Computing infrastructure, data processing, hosting and related activitiesNACE 63100and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.200.566.3482000 Antwerp, since 29-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- ≈ €2.4mestimated
- €2.8m▲ 2.0%
- Employeeson 31-12-2025
- 16▲ 6.7%
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on EXALATE
EXALATE has existed since 2011. The gross margin fell from €2.1m in 2023 to €345,213 in 2024 and staff from 21.6 to 15.9 full-time equivalents.
Solvency fell in 2025 from 11.4% to -4.9% 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 EXALATE
- What is the company number of EXALATE?
- The company number of EXALATE is 0834.937.594. The VAT number is the same number with BE in front: BE 0834.937.594.
- Where is EXALATE based?
- The registered office is at IJzerenpoortkaai 3, 2000 Antwerp.Company details
- What does EXALATE do?
- According to the KBO register, the main activity is computing infrastructure, data processing, hosting and related activities (NACE 63100).
- What is the legal form of EXALATE?
- EXALATE is a public limited company (NV).
- When was EXALATE founded?
- EXALATE was founded on 29-03-2011.
- Is EXALATE still active?
- Yes, EXALATE is an active enterprise in the KBO register.
- How many employees does EXALATE have?
- EXALATE had an average of 15 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does EXALATE fall under?
- In its 2025 annual accounts, EXALATE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of EXALATE?
- The turnover in financial year 2025 is ≈ €2.4m. This figure is estimated from the gross margin of €1.4m and 1,585 comparable companies of the same size. It probably lies between €1.7m and €4.0m. It is a rough estimate.
- Is EXALATE profitable?
- In financial year 2025, EXALATE made a loss of €453,778.
- Where can I find the annual accounts of EXALATE?
- EXALATE filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXALATE due?
- EXALATE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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