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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
EXL from Ukkel, company number BE0476978890, closed financial year 2025 with a result of € -4 million after tax. For that financial year EXL recorded a gross margin of € -7,111 and equity of € -7.7 million. Compared with financial year 2024, the result moved from € -112,352 to € -4 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 28, 2026.
€ -7.7 million
▼ € 4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4 million
▼ 3426 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7.8 million.
Debts at end 2025
€ 8.2 million
Loans from banks and other lenders, long and short.
€ 95,739
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 46,996
▲ € 46,796 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,887 | € -5,189 | € -1,166 | € -7,111 | ▼ € 5,945 |
| Profit after taxes | € -222,384 | € -4,147,076 | € -112,352 | € -3,961,352 | ▼ € 3.8 million |
| Equity | € 527,182 | € -3,619,893 | € -3,732,246 | € -7,693,597 | ▼ € 4 million |
| Total debts | € 19,839,722 | € 20,512,599 | € 20,329,370 | € 21,254,610 | ▲ 5% |
| Retained profit | € 465,182 | € -3,681,893 | € -3,794,246 | € -7,755,597 | ▼ € 4 million |
| Bank debt | € 0 | € 0 | € 0 | € 8,233,081 | |
| Balance sheet total | € 20,366,904 | € 16,892,705 | € 16,597,125 | € 13,561,013 | ▼ 18% |
Key figures of EXL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to EXL?
What happened at EXL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4 million. filed late Source: NBB ↗
- Cirigan BV stepped down as director. NBB
- JHC-Invest BO stepped down as director. NBB
- Cirigan BV became a director. NBB
- JHC-Invest BO became a director. NBB
- New establishment in Ukkel. KBO
- Start of the company according to the CBE. KBO
In short
From € 222,384 loss in 2022 to € 4 million loss in 2025.
Paid € 58,191 in corporate taxes since 2022.
A new publication or filing at EXL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Director · represented by Geert Defreyne
since 2019 · until 2025
JHC-Invest BO
Director · represented by Frank Bamelis
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Alsembergsesteenweg 842
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →HDS Corporate Solutions
€ -44,089 gross margin · 2024
European Real Estate Promotion
€ -2,538 gross margin · 2025
Old Establis. Zavieh Import-Export
€ 170,868 gross margin · 2025
WELL STORE
€ 10,028 gross margin · 2025
LIGUE FRANCOPHONE CONTRE L'EPILEPSIE
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.978.890
- VAT number
- BE 0476.978.890
- Registered office
- Alsembergsesteenweg 842, 1180 Ukkel
- Names & denominations
- EXL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2002
- Peppol
- Not registered