Exploration Labs
ActiveExploration Labs has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61k and a net result of €45k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 39% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+17
Solvency67▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.5 in 2024; short-term debt: 43.1% and cash: 52.2% of total assets), and 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
42.1%
Return on assets
31%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €61k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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 · 6 filingsDeviation from the deadline
2025
17 d late
2024
21 d late
2023
14 d late
2022
32 d late
2021
23 d early
2020
30 d early
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€243k
EBIT margin
24.3%
Net result
€45k▲ 147%
2024 · €18k
2020: €32k
2021: €42k
2022: €78k
2023: €33k
2024: €18k
2020 → 2025
Working capital
€30k▼ 4.2%
2024 · €32k
2020: €36k
2021: €76k
2022: €150k
2023: €8k
2024: €32k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€243k
Equity€84k-€162k▲ 92.4%€43k▼ 73.6%€61k▲ 42.3%€61k=
Operating result€54k-€101k▲ 87.5%€45k▼ 55.2%€27k▼ 41.0%€59k▲ 122%
Net result€42k-€78k▲ 86.3%€33k▼ 58.0%€18k▼ 44.7%€45k▲ 147%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 122% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €144k
Fixed assets
€52k▼ 19.9%
Current assets
€92k▼ 1.8%
Equity and liabilities €144k
Equity
€61k=
Debt
€83k▼ 14.9%
The debt ratio falls from 61.7% to 57.9%. Debt is lower.
Key figures and ratios
EBITDA
€78k▲
2024 · €48k
Cash flow
€64k▲
2024 · €40k
Solvency
42.1%▲
2024 · 38.3%
Current ratio
1.49▼
2024 · 1.50
Quick ratio
1.49▼
2024 · 1.50
Debt / equity
1.37▼
2024 · 1.61
ROE
73.5%▲
2024 · 29.7%
ROA
31.0%▲
2024 · 11.4%
Interest coverage
27.38▲
2024 · 18.98
Debt
€83k▼
2024 · €98k
Debt ≤ 1 year
€62k▼
2024 · €63k
Debt > 1 year
€21k▼
2024 · €36k
Income taxes
€12k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€159k€144k▼
Fixed assets21/28€65k€52k▼
Tangible fixed assets22/27€65k€52k▼
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€55k€38k▼
Other tangible fixed assets26€8k€7k▼
Current assets29/58€94k€92k▼
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40-€10k
Other amounts receivable41€15k€5k▼
Cash at bank and in hand54/58€78k€75k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€159k€144k▼
Equity10/15€61k€61k=
Contributions10/11€10k€10k=
Reserves13€51k€51k=
Distributable reserves133€51k€51k=
Amounts payable17/49€98k€83k▼
Amounts payable after more than one year17€36k€21k▼
Financial debts170/4€36k€21k▼
Amounts payable within one year42/48€63k€62k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€972€635▼
Suppliers440/4€972€635▼
Advances received on contracts in progress46€8k€75▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€6k€10k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€31k€37k▲
Accrued charges and deferred income492/3-€726
Income statement
Code20242025
Turnover70-€243k
Goods, raw materials, services and sundry goods60/61-€168k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€19k▼
Other operating charges640/8€76€384▲
Gross operating margin9900€48k€79k▲
Operating profit (loss)9901€27k€59k▲
Financial income75/76B€2k€590▼
Recurring financial income75€2k€590▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€26k€57k▲
Income taxes67/77€8k€12k▲
Profit (loss) for the period9904€18k€45k▲
Profit (loss) for the period to be appropriated9905€18k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€45k▲
Transfer to equity691/2€18k-
To other reserves6921€18k-
Profit to be distributed694/7-€45k
Return on contributions (dividend)694-€45k
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Weakest financial yearnet €18k ▼44.7%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2020net €78k ▲86.3%
Operating result €101k, net result €78k, both a record.
31-12
Financial
Equity above €150kEq €162k ▲92.4%
3 profitable years in a row build equity to €162k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Grez-Doiceau · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
R.Léopold Vanmeerbeek 1141390 Grez-Doiceau1 establishment unit
Exploration Labs
since 20202.310.116.366
Recognitions · licences · registrations
Legal Entity Identifier
254900OU4EFL4SIPSU49
Similar companies · same sector, comparable size
RS ADVISE
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GEF INTERNATIONAL
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 39,052 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2020
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
85592Vocational training
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filings
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.