Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Exus Project from Pepingen, company number BE0432784801, closed financial year 2025 with a result of € -23,814 after tax. For that financial year Exus Project recorded a gross margin of € 45,332 and equity of € 424,099. Compared with financial year 2024, the result moved from € -10,059 to € -23,814. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2025.
€ 424,099
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,814
▼ 137 % more loss than in 2024
Profit after tax over the fiscal year.
€ 5,664
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -44,493.
Debts at end 2025
€ 1.5 million
▲ 1% vs 2024
€ 57,329 is repaid this year. At this pace the long-term loan is gone in ≈ 25 years.
€ 13,089
▲ 216% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,802 | € 35,109 | € 49,678 | € 45,332 | ▼ 9% |
| Profit after taxes | € 4,235 | € -17,973 | € -10,059 | € -23,814 | ▼ € 13,755 |
| Equity | € 475,945 | € 457,972 | € 447,913 | € 424,099 | ▼ 5% |
| Total debts | € 689,573 | € 1,091,838 | € 1,444,957 | € 1,467,288 | ▲ 2% |
| Cash | € 29,442 | € 4,433 | € 5,317 | € 5,664 | ▲ 7% |
| Land & buildings | € 1,136,076 | € 1,544,689 | € 1,876,746 | € 1,875,456 | |
| Retained profit | € 7,353 | € -10,620 | € -20,679 | € -44,493 | ▼ € 23,814 |
| Bank debt | € 678,148 | € 1,073,898 | € 1,440,820 | € 1,453,850 | ▲ 1% |
| Balance sheet total | € 1,165,518 | € 1,549,810 | € 1,892,870 | € 1,891,386 |
Key figures of Exus Project, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to Exus Project?
What happened at Exus Project in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,814. Source: NBB ↗
- Mark Vandevelde became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,235 profit in 2022 to € 23,814 loss in 2025.
Best year ever: 2022, with € 4,235 profit.
Management
The stake of Exus Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Exus ProjectBehind Exus Project is Mark Vandevelde. The shares are held by Exus Invest.
Directors
According to the 2025 annual accounts
Mark Vandevelde
Administrator-manager
Also active at: BOEKHOUDKANTOOR MICHIELS & VANDEVELDE, BOEKHOUDKANTOOR VANDEVELDE
since 2018
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ninoofsesteenweg(P) 122
1670 Pepingen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.784.801
- VAT number
- BE 0432.784.801
- Registered office
- Ninoofsesteenweg(P) 122, 1670 Pepingen
- Names & denominations
- Exus Project
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 December 1987
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
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