WHY EXOTICS
ActiveSummary
WHY EXOTICS has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €359,072 and a net result of -€14,561. Equity remains stable across the filed financial years (±0.6% per year). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
- Equity
- €359,072
- Loss
- -€14,561
- Largest shareholder
- GROUP NACHTERGAELE · 18.66%
Why 67raises riskLiquidity: current ratio 1.27, cash €152, halvedLast filed accounts filed 20 days late; 1 of the last 3 latelowers riskSize: total assets €514,305Founded in 1999Show the evidence
Checked score
About 8 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 (no NACE code, micro): better than 58% on solvency, 21% on liquidity, 21% on profitability and 33% on growth.
The bankruptcy probability was computed on 30-10-2026 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 106 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€14,561
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (20 days) Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00409892.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €14,561 after €14,907 in 2024, the lowest result in the available series.
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.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 8,617 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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,731 | €31,731 | €31,731 | €31,731 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Other operating charges640/8 | - | - | - | €843 | €844 | €891 | €762 | €775 | ▲ 1.7% |
| Gross operating margin9900 | €20,836 | €23,534 | €23,602 | €23,848 | €28,079 | €24,560 | €28,669 | -€786 | - |
| Operating profit (loss)9901 | -€11,747 | -€9,052 | -€8,971 | -€8,726 | €14,235 | €10,669 | €14,907 | -€14,561 | - |
| Financial charges65/66B | - | - | - | €22 | €21 | - | - | - | - |
| Recurring financial charges65 | €51 | €47 | €10 | €22 | €21 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€11,798 | -€9,099 | -€8,981 | -€8,748 | €14,214 | €10,669 | €14,907 | -€14,561 | - |
| Income taxes67/77 | - | -€1,324 | - | - | - | - | - | - | - |
| Profit (loss) for the period9904 | -€11,798 | -€7,775 | -€8,981 | -€8,748 | €14,214 | €10,669 | €14,907 | -€14,561 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,798 | -€7,775 | -€8,981 | -€8,748 | €14,214 | €10,669 | €14,907 | -€14,561 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €501,996 | €494,477 | €486,966 | €480,513 | €495,890 | €511,059 | €528,466 | €514,305 | ▼ 2.7% |
| Fixed assets21/28 | €464,178 | €432,447 | €400,716 | €368,985 | €355,985 | €342,985 | €329,985 | €316,985 | ▼ 3.9% |
| Tangible fixed assets22/27 | €464,178 | €432,447 | €400,716 | €368,985 | €355,985 | €342,985 | €329,985 | €316,985 | ▼ 3.9% |
| Land and buildings22 | - | - | - | €368,985 | €355,985 | €342,985 | €329,985 | €316,985 | ▼ 3.9% |
| Current assets29/58 | €37,818 | €62,030 | €86,250 | €111,528 | €139,905 | €168,074 | €198,481 | €197,320 | ▼ 0.6% |
| Cash at bank and in hand54/58 | €37 | €277 | €425 | €258 | €556 | €265 | €1,313 | €152 | ▼ 88.4% |
| Deferred charges and accrued income490/1 | - | - | - | €111,270 | €139,349 | €167,809 | €197,168 | €197,168 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €501,996 | €494,477 | €486,966 | €480,513 | €495,890 | €511,059 | €528,466 | €514,305 | ▼ 2.7% |
| Equity10/15 | €359,347 | €351,572 | €342,591 | €333,843 | €348,057 | €358,726 | €373,633 | €359,072 | ▼ 3.9% |
| Contributions10/11 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | €371,840 | = |
| Capital10 | - | - | - | €371,840 | €371,840 | - | - | - | - |
| Issued capital100 | - | - | - | €371,840 | €371,840 | - | - | - | - |
| Reserves13 | €10,770 | €10,770 | €10,770 | €10,770 | €10,770 | €10,770 | €10,770 | €10,770 | = |
| Non-distributable reserves130/1 | - | - | - | €1,972 | €1,972 | - | - | - | - |
| Legal reserve130 | - | - | - | €1,972 | €1,972 | - | - | - | - |
| Distributable reserves133 | - | - | - | €8,798 | €8,798 | €10,770 | €10,770 | €10,770 | = |
| Profit (loss) carried forward14 | -€23,263 | -€31,038 | -€40,019 | -€48,767 | -€34,553 | -€23,884 | -€8,977 | -€23,538 | ▼ 162% |
| Amounts payable17/49 | €142,649 | €142,905 | €144,375 | €146,670 | €147,833 | €152,333 | €154,833 | €155,233 | ▲ 0.3% |
| Amounts payable within one year42/48 | €141,657 | €142,905 | €144,375 | €146,670 | €147,833 | €152,333 | €154,833 | €155,233 | ▲ 0.3% |
| Trade debts44 | - | - | €542 | €337 | - | - | - | €400 | - |
| Suppliers440/4 | - | - | - | €337 | - | - | - | €400 | - |
| Other amounts payable47/48 | - | - | - | €146,333 | €147,833 | €152,333 | €154,833 | €154,833 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,798 | -€7,775 | -€8,981 | -€8,748 | €14,214 | €10,669 | €14,907 | -€14,561 | - |
| + Depreciation and write-downs630 | €31,731 | €31,731 | €31,731 | €31,731 | €13,000 | €13,000 | €13,000 | €13,000 | = |
| Operating cash flow (approximation) | €19,933 | €23,956 | €22,750 | €22,983 | €27,214 | €23,669 | €27,907 | -€1,561 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €240 | €148 | -€167 | €298 | -€291 | €1,048 | -€1,161 | - |
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 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00409892 |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00258515 |
| 31-12-2023 | micro format | 30-10-2024 | 2024-00520237 |
| 31-12-2022 | abbreviated format | 31-12-2023 | 2024-00544614 |
| 31-12-2021 | abbreviated format | 11-02-2023 | 2023-00026427 |
| 31-12-2020 | abbreviated format | 31-12-2021 | 2021-82200343 |
| 31-12-2019 | abbreviated format | 31-12-2020 | 2020-77800305 |
| 31-12-2018 | abbreviated format | 29-08-2019 | 2019-53500435 |
| 31-12-2017 | abbreviated format | 16-08-2018 | 2018-45900126 |
| 31-12-2016 | abbreviated format | 23-08-2017 | 2017-45100516 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BRODAHL-TRADING |
|
| NACHTERGAELE Eddy |
|
| NACHTERGAELE Youta |
|
Owners and capital
Owners
1 ownerOwners 1
-
18.66%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- NACHTERGAELE Eddy 995 shares
- NACHTERGAELE Youta 75 shares
- NACHTERGAELE Veerle 75 shares
- NACHTERGAELE Heidi 75 shares
- GROUP NACHTERGAELE 280 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 31-10-2023 Capital stated in the deed · 1,500 shares
- 24-10-2023 Converted to unavailable equity
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
31-10
Gazette deed
Amendment of the articlesRegistered-office move · Declaration · Capital7 facts ▸
- General meeting, 06-10-2023
- Registered-office move, Route d'Amougies 108,7750 Mont-de-l'Enclus
- Declaration, “unité des deux actes en un tout authentique, considérés comme un acte authentique et exécutés ensemble” (deed in French)
- Amendment of the articles
- Capital
- Power of attorney
- Other provision, “adoption des décisions” (deed in French)
24-10
Gazette deed
Resignations: NACHTERGAELE Eddy, NACHTERGAELE Youta and BRODAHL-TRADINGPermanent representative: NACHTERGAELE Youta · Appointments: NACHTERGAELE Eddy (director) and NACHTERGAELE Youta (director) · Auditor report32 facts ▸
- General meeting, 06-10-2023
- Other provision, “kennisname verslag bestuursorgaan omzetting, omzetting naar besloten vennootschap” (deed in Dutch)
- Auditor report, “gecertificeerd accountant, omzetting naar besloten vennootschap en staat van actief en passief” (deed in Dutch)
- Auditor report, EUR, 15-07-2023
- Auditor report, “omzetting van een naamloze vennootschap naar een besloten vennootschap, artikel 14:4 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Purpose change
- Other provision, “kennisname verslag bestuursorgaan creatie soorten aandelen, kennisname en ontslag voorlezing” (deed in Dutch)
- Shareholding, 995, 1500
- Shareholding, 75, 1500 (3 times)
- Shareholding, 280, “besloten vennootschap” (deed in Dutch)
- +20 further facts in this act
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have 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 |
|---|---|---|---|---|
| 57002A0576/00B000 | Wallonia | 1.1 ha | 1 · 1,118 m² | 8.6 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- WHY EXOTICS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut établir par simple décision de l'organe d'administration des sièges administratifs,ateliers,dépôts et succursales,tant…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, 1” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Gelijk recht in de winstverdeling en in het vereffeningsaldo, 1500” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, assemblée générale” (deed in French)