EXECON
ActiveSummary
EXECON has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.40M and a net result of €27k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 72% of 830 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-43
Solvency80▼-7
Growth56▼-1
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 2.53 in 2024; short-term debt: 45.3% and cash: 10.3% of total assets), and 45.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.7%
Return on assets
0.2%
Age of the figures
9 mo
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
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
72 d early
2023
62 d early
2022
84 d early
2021
81 d early
2020
75 d early
2019
95 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€28.16M▲ 3.9%
2024 · €27.09M
2018: €15.12M
2019: €19.02M
2020: €18.68M
2021: €19.51M
2022: €24.28M
2023: €23.85M
2024: €27.09M
2018 → 2025
EBIT margin
-0.5%▼ 3.3pp
2024 · 2.8%
2018: 9.4%
2019: 4.4%
2020: 3.9%
2021: 0.8%
2022: 4.9%
2023: 3.9%
2024: 2.8%
2018 → 2025
Net result
€27k▼ 96.4%
2024 · €752k
2018: €921k
2019: €852k
2020: €533k
2021: €259k
2022: €806k
2023: €783k
2024: €752k
2018 → 2025
Working capital
€6.96M▼ 0.3%
2024 · €6.98M
2018: €6.16M
2019: €6.60M
2020: €6.75M
2021: €7.07M
2022: €7.08M
2023: €7.07M
2024: €6.98M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€19.51M-€24.28M▲ 24.5%€23.85M▼ 1.8%€27.09M▲ 13.6%€28.16M▲ 3.9%
Equity€7.29M-€7.29M=€7.32M▲ 0.5%€7.37M▲ 0.7%€7.40M▲ 0.4%
Operating result€163k-€1.18M▲ 627%€940k▼ 20.7%€760k▼ 19.1%€-134k
Net result€259k-€806k▲ 211%€783k▼ 2.8%€752k▼ 4.0%€27k▼ 96.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €134k after €760k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.52M
Fixed assets
€441k ▲ 5.2%
Current assets
€13.08M ▲ 13.5%
Equity and liabilities €13.52M
Equity
€7.40M ▲ 0.4%
Debt
€6.13M ▲ 33.8%
Debt's share of the balance-sheet total rises from 38.3% to 45.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-19k▼
2024 · €846k
Cash flow
€142k▼
2024 · €838k
Current ratio
2.14▼
2024 · 2.53
Debt to equity
0.83▲
2024 · 0.62
ROE
0.4%▼
2024 · 10.2%
ROA
0.2%▼
2024 · 6.3%
Interest coverage
-292.61▼
2024 · 3304.16
Debt ≤ 1 year
€6.12M▲
2024 · €4.55M
Income taxes
€23k▼
2024 · €229k
Staff costs
€2.17M▲
2024 · €1.86M
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 · 69 lines
Balance sheet
Code20242025
Assets
Total assets20/58€11.95M€13.52M▲
Fixed assets21/28€419k€441k▲
Tangible fixed assets22/27€376k€440k▲
Plant, machinery and equipment23€24k€32k▲
Furniture and vehicles24€310k€372k▲
Other tangible fixed assets26€42k€35k▼
Financial fixed assets28€43k€671▼
Other financial fixed assets284/8€43k€671▼
Shares284€3k€50▼
Amounts receivable and cash guarantees285/8€39k€621▼
Current assets29/58€11.53M€13.08M▲
Amounts receivable within one year40/41€7.12M€9.77M▲
Trade receivables40€6.49M€8.94M▲
Other amounts receivable41€625k€828k▲
Current investments50/53€2.18M€1.84M▼
Other investments51/53€2.18M€1.84M▼
Cash at bank and in hand54/58€2.12M€1.39M▼
Deferred charges and accrued income490/1€112k€87k▼
Equity and liabilities
Total equity and liabilities10/49€11.95M€13.52M▲
Equity10/15€7.37M€7.40M▲
Contributions10/11€375k€375k=
Capital10€375k€375k=
Issued capital100€375k€375k=
Reserves13€7.00M€7.02M▲
Non-distributable reserves130/1€38k€38k=
Legal reserve130€38k€38k=
Distributable reserves133€6.96M€6.99M▲
Amounts payable17/49€4.58M€6.13M▲
Amounts payable within one year42/48€4.55M€6.12M▲
Trade debts44€3.63M€5.83M▲
Suppliers440/4€3.63M€5.83M▲
Taxes, remuneration and social security45€223k€297k▲
Taxes450/3€42k€44k▲
Remuneration and social security454/9€181k€253k▲
Other amounts payable47/48€700k€85▼
Accrued charges and deferred income492/3€26k€2k▼
Income statement
Code20242025
Operating income70/76A€27.24M€28.22M▲
Turnover70€27.09M€28.16M▲
Other operating income74€151k€62k▼
Operating charges60/66A€26.48M€28.35M▲
Goods for resale, raw materials and consumables60€20.17M€21.11M▲
Purchases600/8€20.17M€21.11M▲
Services and other goods61€4.16M€4.89M▲
Remuneration, social security and pensions62€1.86M€2.17M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€115k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€176k€43k▼
Other operating charges640/8€20k€24k▲
Non-recurring operating charges66A€8k€2k▼
Operating profit (loss)9901€760k€-134k▼
Financial income75/76B€257k€208k▼
Recurring financial income75€257k€208k▼
Income from current assets751€79k€83k▲
Other financial income752/9€178k€125k▼
Financial charges65/66B€36k€25k▼
Recurring financial charges65€36k€25k▼
Debt charges650€256€65▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-20k€-9k▲
Other financial charges652/9€56k€33k▼
Profit (loss) for the period before taxes9903€981k€49k▼
Income taxes67/77€229k€23k▼
Taxes670/3€229k€23k▼
Profit (loss) for the period9904€752k€27k▼
Profit (loss) for the period to be appropriated9905€752k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€752k€27k▼
Transfer to equity691/2€52k€27k▼
To other reserves6921€52k€27k▼
Profit to be distributed694/7€700k-
Return on contributions (dividend)694€700k-
Social balance
Average headcount (FTE)908723.424.5▲
The notes to these accounts (45 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet €27k ▼96.4%
Net result drops to €27k, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Lummen · 1 establishment unit since 2005
Ground area
4,960 m²
Building footprint
1,570 m²
Volume, LiDAR
15,672 m³
Parcel 71037C2733/00K000, Flanders · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
EXECON
since 20052.146.837.256
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037C2733/00K000 | Flanders | 4,960 m² | 1 · 1,570 m² | 14.7 m · 4 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 companyControl over this companyparent company per the LEI register1
Lummen
controls
EXECONBE 0873.249.725
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 9,922 EUR awarded · 9,922 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -100 EUR | 0 EUR |
| 2024 | 1 | 9,000 EUR | 8,900 EUR |
| 2022 | 1 | 1,022 EUR | 1,022 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
4 categoriesEXECON NV30591
Legal Entity Identifier
529900AN78DL7X4U3325
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,036. 1,363 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
Founded18-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.