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Complete company report
Generated 04-09-2026
Active BE 0547.589.843Private limited company (pre-2019)

EXINEL

Oostlaan 34 ·3665 As, Belgium· 12 yrs active
Sector: Other professional, scientific and technical activities (74999)
Conclusion Checked

EXINEL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €122k and a net result of €22k. Its solvency ranks better than 83% of 1164 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €122k
Net result €22k
Better than sector 83%
Active 12 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health93Profitability92Solvency100Growth52Stability100
87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93
Profitability 92
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Established
Founded in 2014, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score FY 2023 · computed
93 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
93 2022
93 2023
purely financial, excl. current insolvency signals
Score components
Liquidity Current ratio 4.11 (≥ 1.5) +10
Quick ratio Quick ratio 4.11 (≥ 1.0) +5
Leverage Debt/equity 0.33 (< 1.0) +10
Profitability ROE 18% (≥ 10%) +10
Interest coverage Interest coverage 28.0× (≥ 3×) +8
Profit trend Net profit down YoY -3
Equity growth Equity growing YoY +3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview9 NBB filings
Annual accounts filed on 15-02-2025 with the NBB · fiscal year 2023 · micro schema
€0€10k€20k€30kOperating result 2022: €31k€31kNet result 2022: €24k€24kOperating result 2023: €29k€29kNet result 2023: €22k€22k20222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 74, Other professional, scientific and technical activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 75.0% 45.7%
better than 83% of 1164 sector peers
Net result €22k €10k
better than 65% of 1163 sector peers
Equity €122k €26k
better than 89% of 1165 sector peers
Gross operating margin €36k €26k
better than 60% of 1162 sector peers
Total assets €162k €65k
better than 80% of 1164 sector peers
EBITDA
€30k
-19.8% 22-23
Net profit
€22k
-5.1% 22-23
Cash flow
€23k
-22.0% 22-23
Total assets
€162k
+21.7% 22-23
Equity
€122k
+22.5% 22-23
Working capital
€121k
+22.0% 22-23
Income taxes
€8k
-3.1% 22-23
Debt
€40k
+19.4% 22-23
Debt ≤ 1y
€39k
+20.2% 22-23
Current ratio
4.11
+1.1% 22-23
Quick ratio
4.11
+1.1% 22-23
Solvency
75.0%
+0.6% 22-23
Debt / equity
0.33
-2.5% 22-23
ROE
18.4%
-22.6% 22-23
ROA
13.8%
-22.1% 22-23
Interest coverage
28.01
+22.4% 22-23
Figures by fiscal year and ratios
Fiscal year20232022
Depositmicro schemamicro schema
Revenue--
EBITDA€30k€38k
Net profit€22k€24k
Cash flow€23k€30k
Staff costs--
Income taxes€8k€8k
Dividends--
Total assets€162k€133k
Equity€122k€99k
Debt€40k€34k
of which ≤ 1y€39k€32k
of which > 1y--
Working capital€121k€99k
Employees (FTE)--
Ratios (computed)
20232022
Current ratio4.114.06
Quick ratio4.114.06
Working capital ratio74.9%74.7%
Solvency75.0%74.5%
Debt / equity0.330.34
Long-term debt ratio--
Interest coverage28.0122.89
Gross margin--
Net margin--
ROA13.8%17.7%
ROE18.4%23.7%
EBITDA margin--
Days sales outstanding--
Days payable outstanding--
Inventory turnover--
Days inventory (DSI)--
Balance-sheet composition 2023
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code20232022
Balance sheet, Assets
TOTAL ASSETS 20/58€162k€133k
Fixed assets 21/28€2k€1k
Tangible fixed assets 22/27€2k€1k
Current assets 29/58€160k€132k
Amounts receivable within one year 40/41€110k€54k
Cash & bank 54/58€49k€77k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€162k€133k
Equity 10/15€122k€99k
Contributions / capital 10/11€12k€12k
Reserves 13€109k€87k
Amounts payable 17/49€40k€34k
Amounts payable within one year 42/48€39k€32k
Trade debts payable within one year 44€4k€2k
Income statement
Gross operating margin 9900€36k€42k
Operating result 9901€29k€31k
Financial income 75€2k€2k
Financial charges 65€1k€2k
Result before taxes 9903€30k€32k
Income taxes 67/77€8k€8k
Net result for the period 9904€22k€24k
Result to be appropriated 9905€22k€24k
Legal Structure
NACE primary Other professional, scientific and technical activities(74999)
Legal form Private limited company (pre-2019)(015)
Incorporation28-02-2014
StatusActive
Postal code3665
Establishment units 1 location
Exinel
Oostlaan 34, 3665 AsManufacture of electrical equipment
since 20142.228.330.421
Real-estate footprint Source: CBE × cadastre
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71043B0006/00N019 Flanders 631 m² 1 · 104 m² 7.5 m · 2 fl.
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.
Updates 9 events
2025
15-02
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 199 days late
2024
12-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 196 days late
2023
31-12
Financial Equity above €100kEq €122k ▲22.5%
2 profitable years in a row build equity to €122k.
2022
27-09
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
19-05
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 292 days late
2020
30-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
16-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
18-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount
Company registry (CBE) Crossroads Bank
Activities
Other professional, scientific and technical activities74909Other professional, scientific and technical activities74999
Names & trade names
Legal nameNL EXINEL
Similar companies Comparable size · 1,875 of 4,576 companies in this sector with filed accounts
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UNISOL BE 0798.151.137 · Brugge
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PartiX BE 0773.403.170 · Leuven
ELBA CONSULT BE 0799.217.741 · Gent
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative