EXL
ActiveSummary
The computed 12-month bankruptcy probability of EXL is 1.7% (moderate). The 2025 annual accounts show negative equity (€-7.69M) and a net result of €-3.96M. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-36
Solvency0▼-3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.11 against 1.43 in 2024; short-term debt: 89.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-56.7%
Return on assets
-29.2%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-7.69M
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
4 d late
2023
274 d late
2022
1 d late
2021
141 d late
2020
387 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-7.69M▼ 106%
2024 · €-3.73M
2019: €1.22M
2020: €1.02M
2021: €750k
2022: €527k
2023: €-3.62M
2024: €-3.73M
2019 → 2025
Total assets
€13.56M▼ 18.3%
2024 · €16.60M
2019: €18.81M
2020: €19.35M
2021: €19.88M
2022: €20.37M
2023: €16.89M
2024: €16.60M
2019 → 2025
Net result
€-3.96M▼ 3,426%
2024 · €-112k
2019: €-333k
2020: €-206k
2021: €-266k
2022: €-222k
2023: €-4.15M
2024: €-112k
2019 → 2025
Working capital
€1.39M▼ 72.4%
2024 · €5.02M
2019: €-2.01M
2020: €-2.05M
2021: €-2.28M
2022: €-2.47M
2023: €-2.62M
2024: €5.02M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€750k-€527k▼ 29.7%€-3.62M€-3.73M▼ 3.1%€-7.69M▼ 106%
Operating result€-119k-€-17k▲ 86.1%€-6k▲ 60.8%€-2k▲ 61.9%€-8k▼ 239%
Net result€-266k-€-222k▲ 16.4%€-4.15M▼ 1,765%€-112k▲ 97.3%€-3.96M▼ 3,426%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €2k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.56M
Fixed assets
€10k =
Current assets
€13.55M ▼ 18.3%
Key figures and ratios
Solvency
-56.7%▼
2024 · -22.5%
Current ratio
1.11▼
2024 · 1.43
Debt to equity
-2.76▲
2024 · -5.45
ROA
-29.2%▼
2024 · -0.7%
Debt
€21.25M▲
2024 · €20.33M
Debt ≤ 1 year
€12.16M▲
2024 · €11.57M
Debt > 1 year
€8.23M▲
2024 · €7.98M
Income taxes
€47k▲
2024 · €11k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€16.60M€13.56M▼
Fixed assets21/28€10k€10k=
Financial fixed assets28€10k€10k=
Current assets29/58€16.59M€13.55M▼
Amounts receivable within one year40/41€15.90M€12.94M▼
Other amounts receivable41€15.90M€12.94M▼
Deferred charges and accrued income490/1€685k€613k▼
Equity and liabilities
Total equity and liabilities10/49€16.60M€13.56M▼
Equity10/15€-3.73M€-7.69M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€-3.80M€-7.76M▼
Amounts payable17/49€20.33M€21.25M▲
Amounts payable after more than one year17€7.98M€8.23M▲
Financial debts170/4-€8.23M
Other amounts payable178/9€7.98M-
Amounts payable within one year42/48€11.57M€12.16M▲
Trade debts44€87k€96k▲
Suppliers440/4€87k€96k▲
Taxes, remuneration and social security45€200€47k▲
Taxes450/3€200€47k▲
Other amounts payable47/48€11.48M€12.02M▲
Accrued charges and deferred income492/3€784k€858k▲
Income statement
Code20242025
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-1k€-7k▼
Operating profit (loss)9901€-2k€-8k▼
Financial income75/76B€685k€713k▲
Recurring financial income75€685k€706k▲
Non-recurring financial income76B-€7k
Financial charges65/66B€784k€4.62M▲
Recurring financial charges65€784k€4.62M▲
Profit (loss) for the period before taxes9903€-101k€-3.91M▼
Income taxes67/77€11k€47k▲
Profit (loss) for the period9904€-112k€-3.96M▼
Profit (loss) for the period to be appropriated9905€-112k€-3.96M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3.80M€-7.76M▼
Profit (loss) brought forward from the previous period14P€-3.69M€-3.80M▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 274 days late
2023
30-06
Financial
Weakest financial yearnet €-4.15M
Net result drops to €-4.15M, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 141 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 387 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2008
14-01
State Gazette act
General meeting · Approval
Statutes amendment · Capital increase
2006
13-11
State Gazette act
General meeting · Statutes amendment
Director resignation · Director discharge
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Ukkel · 1 establishment unit since 2002
Ground area
1,616 m²
Building footprint
1,089 m²
Volume, LiDAR
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m, ±2 floors. Linked by address, not a title deed.
312
companies at this address
See who is registered here
1 establishment unit
Alsembergsesteenweg 842, 1180 Ukkel
since 20022.101.788.377
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0126/00A002 | Brussels | 1,616 m² | 1 · 1,089 m² | 12.7 m · 2 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
Connections & network
4 connected companiesLinked via shared directors
Shared director
→
Shared director
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Shared director
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Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-02-2002
Fiscal year end30-06
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.