EXTENSA GROUP

Active

Public limited companyfounded 198342 yrs activePicardstraat 11, 1000 Brussel, BelgiumKBO/BCE: BE 0425.459.618

Summary

EXTENSA GROUP has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €213.48M and a net result of €-2.56M. Equity is growing by ~4.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability47▼-1

Solvency85▲+4

Growth35=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity tight (current ratio 1.38 against 1.9 in 2022; short-term debt: 36.3% and cash: 0.2% of total assets), and 40.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

59.7%

Return on assets

-0.7%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

63 d early

2024

71 d early

2023

76 d early

2022

45 d early

2021

75 d early

2020

20 d late

2019

81 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€43k▼ 95.5%

2022 · €939k

2018: €5.70M 2019: €6.38M 2020: €5.52M 2021: €5.10M 2022: €939k

2018 → 2024

EBIT margin

560.7%▲ 618.3pp

2022 · -57.6%

2018: -24.8% 2019: 8.9% 2020: 79.0% 2021: -12.5% 2022: -57.6%

2018 → 2024

Net result

€-2.56M

2022 · €6.73M

2018: €31.02M 2019: €41.69M 2020: €16.98M 2021: €2.41M 2022: €6.73M

2018 → 2024

Working capital

€48.69M▼ 52.5%

2022 · €102.41M

2018: €148.64M 2019: €148.30M 2020: €190.64M 2021: €97.36M 2022: €102.41M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222024Trend

Turnover€6.38M-€5.52M▼ 13.5%€5.10M▼ 7.7%€939k▼ 81.6%€43k▼ 95.5%

Equity€181.14M-€198.12M▲ 9.4%€200.53M▲ 1.2%€207.26M▲ 3.4%€213.48M▲ 3.0%

Operating result€568k-€4.36M▲ 669%€-636k€-541k▲ 14.9%€238k

Net result€41.69M-€16.98M▼ 59.3%€2.41M▼ 85.8%€6.73M▲ 180%€-2.56M

Result per fiscal year

Operating resultNet result

The operating result is €238k in 2024, compared with €-541k in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €357.57M

50.1%

49.9%

Fixed assets €179.13M ▲ 18.3%

Current assets €178.44M ▼ 17.3%

Equity and liabilities €357.57M

59.7%

40.3%

Equity €213.48M ▲ 3.0%

Provisions €0 ▼ 100%

Debt €144.09M ▼ 9.2%

Debt's share of the balance-sheet total falls from 43.2% to 40.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2022

EBITDA

€633k▲

2022 · €223k

Cash flow

€-2.17M▼

2022 · €7.50M

Current ratio

1.38▼

2022 · 1.90

Debt to equity

0.67▼

2022 · 0.77

ROE

-1.2%▼

2022 · 3.2%

ROA

-0.7%▼

2022 · 1.8%

Interest coverage

0.28▲

2022 · 0.08

Debt ≤ 1 year

€129.75M▲

2022 · €113.33M

Debt > 1 year

€113k▼

2022 · €40.00M

Income taxes

€2.60M▲

2022 · €1.63M

Staff costs

€878k▼

2022 · €1.44M

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 · 2024 against 2022 · 87 lines

Balance sheet Code20222024

Assets

Total assets20/58€367.17M€357.57M▼

Fixed assets21/28€151.43M€179.13M▲

Intangible fixed assets21€137k€220k▲

Tangible fixed assets22/27€5.05M€1.03M▼

Furniture and vehicles24€107k€53k▼

Other tangible fixed assets26€4.23M€980k▼

Assets under construction and advance payments27€704k-

Financial fixed assets28€146.24M€177.88M▲

Affiliated companies280/1€146.24M€172.93M▲

Participating interests280€141.89M€62.37M▼

Amounts receivable281€4.35M€110.56M▲

Companies linked by participating interests282/3-€4.95M

Participating interests282-€4.95M

Other financial fixed assets284/8€0-

Amounts receivable and cash guarantees285/8€0-

Current assets29/58€215.74M€178.44M▼

Stocks and contracts in progress3€0-

Amounts receivable within one year40/41€212.16M€177.71M▼

Trade receivables40€4.54M€1.12M▼

Other amounts receivable41€207.62M€176.59M▼

Current investments50/53€141€141=

Other investments51/53€141€141=

Cash at bank and in hand54/58€3.26M€583k▼

Deferred charges and accrued income490/1€319k€145k▼

Equity and liabilities

Total equity and liabilities10/49€367.17M€357.57M▼

Equity10/15€207.26M€213.48M▲

Contributions10/11€15.94M€15.94M=

Capital10€15.94M€15.94M=

Issued capital100€15.94M€15.94M=

Reserves13€1.86M€1.86M=

Non-distributable reserves130/1€1.67M€1.67M=

Legal reserve130€1.67M€1.67M=

Reserves not available under the articles1311€1k€1k=

Distributable reserves133€192k€192k=

Profit (loss) carried forward14€189.46M€195.68M▲

Provisions and deferred taxes16€1.30M-

Provisions for liabilities and charges160/5€1.30M-

Other liabilities and charges164/5€1.30M-

Amounts payable17/49€158.61M€144.09M▼

Amounts payable after more than one year17€40.00M€113k▼

Financial debts170/4€40.00M-

Unsubordinated bonds171€40.00M-

Other amounts payable178/9-€113k

Amounts payable within one year42/48€113.33M€129.75M▲

Current portion of amounts payable after more than one year42€1.69M-

Financial debts43€15.00M-

Credit institutions430/8€15.00M-

Trade debts44€3.04M€1.90M▼

Suppliers440/4€3.04M€1.90M▼

Taxes, remuneration and social security45€9.73M€690k▼

Taxes450/3€9.49M€604k▼

Remuneration and social security454/9€235k€86k▼

Other amounts payable47/48€83.88M€127.16M▲

Accrued charges and deferred income492/3€5.28M€14.23M▲

Income statement Code20222024

Operating income70/76A€7.97M€5.60M▼

Turnover70€939k€43k▼

Other operating income74€7.02M€4.67M▼

Non-recurring operating income76A€7k€886k▲

Operating charges60/66A€8.51M€5.36M▼

Goods for resale, raw materials and consumables60€10k-

Purchases600/8€10k-

Services and other goods61€6.05M€3.70M▼

Remuneration, social security and pensions62€1.44M€878k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€765k€395k▼

Other operating charges640/8€249k€388k▲

Non-recurring operating charges66A€0-

Operating profit (loss)9901€-541k€238k▲

Financial income75/76B€12.35M€13.15M▲

Recurring financial income75€11.85M€13.10M▲

Income from financial fixed assets750€3.23M-

Income from current assets751€8.62M€13.10M▲

Other financial income752/9€1-

Non-recurring financial income76B€500k€50k▼

Financial charges65/66B€3.45M€13.35M▲

Recurring financial charges65€3.07M€2.28M▼

Debt charges650€2.89M€2.28M▼

Other financial charges652/9€179k-

Non-recurring financial charges66B€375k€11.06M▲

Profit (loss) for the period before taxes9903€8.36M€41k▼

Income taxes67/77€1.63M€2.60M▲

Taxes670/3€1.63M€2.60M▲

Tax adjustments and reversals of tax provisions77€0-

Profit (loss) for the period9904€6.73M€-2.56M▼

Profit (loss) for the period to be appropriated9905€6.73M€-2.56M▼

Appropriation of the result

Profit (loss) to be appropriated9906€189.46M€195.68M▲

Profit (loss) brought forward from the previous period14P€182.73M€198.24M▲

Social balance

Average headcount (FTE)908712.97.7▼

The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 2Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-05

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

21-05

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €-2.56M ▼138%

Net result drops to €-2.56M, the lowest in the series.

16-05

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

16-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

17-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

20-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 20 days late

2020

15-09

State Gazette act Incorporation · Founding capital

Corporate purpose · Director appointment

11-05

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Highest result since 2018net €41.69M ▲34.4%

Net result €41.69M, the highest in the series.

30-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

04-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

26-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2015

28-04

State Gazette act Incorporation · Founding capital

Corporate purpose · Director appointment

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

47 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 1984

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Picardstraat 111000 Brussel

Ground area

4.4 ha

Building footprint

3.9 ha

Volume, LiDAR

615,702 m³

Parcel 21814P0441/00B000, Brussels · tallest building 34.0 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Picardstraat 11, 1000 Brussel

Activities of head offices; management consultancy activities

since 19842.024.446.220

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21814P0441/00B000	Brussels	4.4 ha	1 · 3.9 ha	34.0 m · 6 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Ownership & control

1 parent company

Control over this companyparent company per the LEI register1

ACKERMANS & VAN HAAREN

Antwerpen

controls

EXTENSA GROUPBE 0425.459.618

Recognitions · licences · registrations

Legal Entity Identifier

5493006QL3J5E1XDGR11

live in the LEI register

Similar companies · same sector, comparable size

SOFABO

BE 0422.978.396

Herve · Eq €213.98M

Maatschappij voor Stedelijke Inrichting

BE 0876.515.952

Brussel · Eq €198.28M

Erpe-Mere · Eq €249.16M

Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 160 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded30-12-1983

Fiscal year end31-12

Activities, NACEBEL 2025

64910Financial service activities, except insurance and pension funding

68203Renting and operating of own or leased non-residential real estate, excluding land

Sources

Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

General meetings

1 convocation

Extraordinary general meeting

on 23-12-2004 at 14u · published 26-11-2004

Agenda

1. Goedkeuring jaarrekening per 30/06/2004. 2. Bestemming resultaat. 3. Kwijting bestuurders. 4. Ontslagen en benoemingen. 5. Rondvraag. Zich schikken naar de statuten. (84375) Immobilière du Triangle, société anonyme, rue Lambert Crickx 9, 1070 Anderlecht Registre des personnes morales 0415.537.805 — Tribunal de Bruxelles MM. les actionnaires sont priés d’assister à l’assemblée générale extraordinaire qui se tiendra à Bruxelles, le 06.12.2004, à 10 heures, avec l’ordre du jour suivant : Ordre du jour : 1. Modification des articles suivants des statuts : - Article 1, 6, 26, 28, 30, 33 :