XCEPTION
ActiveSummary
XCEPTION has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-20k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 88% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-28
Solvency100▲+17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 8.83 against 2.54 in 2024; short-term debt: 11.1% and cash: 15.9% of total assets), and 11.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
88.6%
Return on assets
-43.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-20k
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
30 d early
2023
44 d early
2022
31 d late
2021
27 d late
2020
24 d late
2019
109 d late
← 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, micro schema
Equity
€41k▼ 33.0%
2024 · €61k
2018: €31k
2019: €44k▲ +40.4% vs 2018
2020: €50k▲ +12.1% vs 2019
2021: €61k▲ +22.4% vs 2020
2022: €21k▼ -65.5% vs 2021lowest in 8 years
2023: €65k▲ +212% vs 2022highest in 8 years
2024: €61k▼ -6.2% vs 2023
2025: €41k▼ -33.0% vs 2024
2018 → 2025
Total assets
€46k▼ 55.9%
2024 · €105k
2018: €614khighest in 8 years
2019: €337k▼ -45.1% vs 2018
2020: €387k▲ +14.7% vs 2019
2021: €396k▲ +2.4% vs 2020
2022: €83k▼ -79.0% vs 2021
2023: €217k▲ +161% vs 2022
2024: €105k▼ -51.5% vs 2023
2025: €46k▼ -55.9% vs 2024lowest in 8 years
2018 → 2025
Net result
€-20k▼ 396%
2024 · €-4k
2018: €5k
2019: €13k▲ +133% vs 2018
2020: €5k▼ -58.1% vs 2019
2021: €11k▲ +108% vs 2020
2022: €-40k▼ -458% vs 2021lowest in 8 years
2023: €44k▲ +212% vs 2022highest in 8 years
2024: €-4k▼ -109% vs 2023
2025: €-20k▼ -396% vs 2024
2018 → 2025
Working capital
€41k▼ 36.2%
2024 · €63k
2018: €83k
2019: €40k▼ -51.5% vs 2018
2020: €257k▲ +540% vs 2019
2021: €271k▲ +5.4% vs 2020highest in 8 years
2022: €21k▼ -92.2% vs 2021lowest in 8 years
2023: €65k▲ +209% vs 2022
2024: €63k▼ -2.6% vs 2023
2025: €41k▼ -36.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€21k▼ 65.5%€65k▲ 212%€61k▼ 6.2%€41k▼ 33.0%
2021: €61k
2022: €21k▼ -65.5% vs 2021lowest in 5 years
2023: €65k▲ +212% vs 2022highest in 5 years
2024: €61k▼ -6.2% vs 2023
2025: €41k▼ -33.0% vs 2024
Operating result€17k-€-39k€49k€-4k€-20k▼ 427%
2021: €17k
2022: €-39k▼ -338% vs 2021lowest in 5 years
2023: €49k▲ +224% vs 2022highest in 5 years
2024: €-4k▼ -108% vs 2023
2025: €-20k▼ -427% vs 2024
Net result€11k-€-40k€44k€-4k€-20k▼ 396%
2021: €11k
2022: €-40k▼ -458% vs 2021lowest in 5 years
2023: €44k▲ +212% vs 2022highest in 5 years
2024: €-4k▼ -109% vs 2023
2025: €-20k▼ -396% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€750 =
Current assets
€46k ▼ 56.3%
Equity and liabilities €46k
Equity
€41k ▼ 33.0%
Debt
€5k ▼ 87.9%
Debt's share of the balance-sheet total falls from 41.8% to 11.4%. Equity and debt are lower.
Key figures and ratios
Current ratio
8.83▲
2024 · 2.54
Debt to equity
0.13▼
2024 · 0.72
ROE
-49.2%▼
2024 · -6.6%
ROA
-43.5%▼
2024 · -3.9%
Debt ≤ 1 year
€5k▼
2024 · €41k
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 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€105k€46k▼
Fixed assets21/28€750€750=
Financial fixed assets28€750€750=
Current assets29/58€105k€46k▼
Amounts receivable within one year40/41€72k€38k▼
Trade receivables40€72k€37k▼
Other amounts receivable41€558€2k▲
Cash at bank and in hand54/58€32k€7k▼
Equity and liabilities
Total equity and liabilities10/49€105k€46k▼
Equity10/15€61k€41k▼
Contributions10/11€19k€19k=
Reserves13€43k€23k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€41k€21k▼
Amounts payable17/49€44k€5k▼
Amounts payable within one year42/48€41k€5k▼
Trade debts44€27k€2k▼
Suppliers440/4€27k€2k▼
Taxes, remuneration and social security45€4k-
Taxes450/3€4k-
Other amounts payable47/48€11k€4k▼
Accrued charges and deferred income492/3€3k€138▼
Income statement
Code20242025
Other operating charges640/8€901€182▼
Gross operating margin9900€-3k€-20k▼
Operating profit (loss)9901€-4k€-20k▼
Financial charges65/66B€281€240▼
Recurring financial charges65€281€240▼
Profit (loss) for the period before taxes9903€-4k€-20k▼
Profit (loss) for the period9904€-4k€-20k▼
Profit (loss) for the period to be appropriated9905€-4k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-20k▼
Transfer from equity791/2€4k€20k▲
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €934 | €720 | €720 | - | - | - |
| Other operating charges640/8 | €774 | €565 | €2k | €901 | €182 | ▼ 79.8% |
| Gross operating margin9900 | €18k | €-38k | €52k | €-3k | €-20k | ▼ 585% |
| Operating profit (loss)9901 | €17k | €-39k | €49k | €-4k | €-20k | ▼ 427% |
| Financial charges65/66B | €593 | €348 | €577 | €281 | €240 | ▼ 14.6% |
| Recurring financial charges65 | €593 | €348 | €577 | €281 | €240 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €16k | €-40k | €48k | €-4k | €-20k | ▼ 396% |
| Income taxes67/77 | €5k | - | €4k | - | - | - |
| Profit (loss) for the period9904 | €11k | €-40k | €44k | €-4k | €-20k | ▼ 396% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-40k | €44k | €-4k | €-20k | ▼ 396% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €396k | €83k | €217k | €105k | €46k | ▼ 55.9% |
| Fixed assets21/28 | €2k | €1k | €750 | €750 | €750 | = |
| Tangible fixed assets22/27 | €1k | €720 | - | - | - | - |
| Plant, machinery and equipment23 | €1k | €720 | - | - | - | - |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €394k | €82k | €217k | €105k | €46k | ▼ 56.3% |
| Amounts receivable within one year40/41 | €229k | €40k | €81k | €72k | €38k | ▼ 47.1% |
| Trade receivables40 | €25k | €1k | €81k | €72k | €37k | ▼ 48.8% |
| Other amounts receivable41 | €204k | €38k | - | €558 | €2k | ▲ 181% |
| Cash at bank and in hand54/58 | €165k | €42k | €136k | €32k | €7k | ▼ 77.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €396k | €83k | €217k | €105k | €46k | ▼ 55.9% |
| Equity10/15 | €61k | €21k | €65k | €61k | €41k | ▼ 33.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €42k | €2k | €47k | €43k | €23k | ▼ 47.3% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €40k | €484 | €45k | €41k | €21k | ▼ 49.5% |
| Amounts payable17/49 | €335k | €62k | €152k | €44k | €5k | ▼ 87.9% |
| Amounts payable within one year42/48 | €123k | €61k | €151k | €41k | €5k | ▼ 87.4% |
| Financial debts43 | €4k | - | - | - | - | - |
| Credit institutions430/8 | €4k | - | - | - | - | - |
| Trade debts44 | €3k | €6k | €30k | €27k | €2k | ▼ 93.8% |
| Suppliers440/4 | €3k | €6k | €30k | €27k | €2k | ▼ 93.8% |
| Advances received on contracts in progress46 | €115k | €55k | €38k | - | - | - |
| Taxes, remuneration and social security45 | €131 | - | €70k | €4k | - | - |
| Taxes450/3 | €131 | - | €70k | €4k | - | - |
| Other amounts payable47/48 | - | - | €13k | €11k | €4k | ▼ 67.1% |
| Accrued charges and deferred income492/3 | €213k | €2k | €505 | €3k | €138 | ▼ 95.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-40k | €44k | €-4k | €-20k | ▼ 396% |
| + Depreciation and write-downs630 | €934 | €720 | €720 | - | - | - |
| Operating cash flow (approximation) | €12k | €-39k | €45k | €-4k | €-20k | ▼ 396% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-123k | €94k | €-104k | €-25k | ▲ 76.0% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 8.83
Current ratio from 2.54 to 8.83; short-term debt falls from €41k to €5k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 3.04
Current ratio from 1.14 to 3.04; short-term debt falls from €293k to €126k.
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
2019
08-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 100 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 60 days late
2017
26-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Brussel · 1 establishment unit since 2004
Ground area
4,819 m²
Building footprint
2,938 m²
Volume, LiDAR
81,340 m³
2 parcels, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
355
companies at this address
See who is registered here
1 establishment unit
XCEPTION
since 20042.241.693.061
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 fl. |
| 21816C0194/00M000 | Brussels | 166 m² | 1 · 78 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
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BE 0473.570.628
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MOBIQAM
BE 0747.840.405
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EUGENIE COLLET
BE 0878.843.952
Sint-Gillis (bij-Brussel) · Eq €40,976
IMAGIN8ION
BE 0648.905.353
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Of 3,393 companies in sector 90393 we hold annual accounts for 939. 726 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-09-1999
Fiscal year end31-12
Abbreviation NL
S.T.S.
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.