ACTIVE

EXCEPTION - EXCEPTION

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Financial year 2025 · closed on 31/12/2025

Net result

170,7 k €

+6.5% YoY

Gross margin

1,2 M €

-4.4% YoY

Equity

656,6 k €

+11.8% YoY

Workforce

13,2 ETP

-10.8% YoY

What does EXCEPTION - EXCEPTION do?

EXCEPTION - EXCEPTION is a Private limited company incorporated in 1987. Its registered office is in Etterbeek. It employs on average 13,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.597.846

Incorporation

15/02/1987

Legal form

Private limited company

Registered office

Avenue de la Chasse 195
1040 Etterbeek · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

13,2 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	-4.4%	1,2 M €	-7.2%	1,3 M €	+43.2%	907,7 k €	+58.1%	573,9 k €	+153%	226,7 k €	-82.1%	1,3 M €	+20.7%	1 M €	-18.1%	1,3 M €	+6.9%	1,2 M €	+13.0%	1,1 M €	+42.6%	743,8 k €	+7.3%	693 k €	-22.5%	893,7 k €	-28.3%	1,2 M €	-28.4%	1,7 M €	+4.3%	1,7 M €	-28.7%	2,3 M €	-9.5%	2,6 M €	-5.6%	2,7 M €
EBITDA	251 k €	+10.6%	226,9 k €	-7.5%	245,4 k €	+8.8%	225,6 k €	+49.8%	150,7 k €	+358%	-58,4 k €	-184%	69,7 k €	+54.7%	45,1 k €	-56.5%	103,7 k €	-7.3%	111,8 k €	+2.4%	109,2 k €	+89.5%	57,6 k €	+804%	-8,2 k €	+71.0%	-28,2 k €	-120%	143,8 k €	-1.4%	145,8 k €	+304%	-71,6 k €	-262%	44,3 k €	-78.6%	207,3 k €	-47.2%	392,4 k €
Operating result	226,5 k €	+9.3%	207,1 k €	-13.9%	240,6 k €	+13.1%	212,7 k €	+57.1%	135,4 k €	+281%	-74,9 k €	-244%	52,1 k €	+97.4%	26,4 k €	-68.1%	82,6 k €	-19.0%	101,9 k €	+50.1%	67,9 k €	+213%	21,7 k €	+138%	-57 k €	-45.3%	-39,2 k €	-131%	127,7 k €	+107%	61,8 k €	+149%	-125,9 k €	-582%	-18,5 k €	-114%	136,8 k €	-57.6%	323,1 k €
Net result	170,7 k €	+6.5%	160,3 k €	-10.8%	179,6 k €	+15.2%	155,9 k €	+17.9%	132,2 k €	+241%	-93,6 k €	-289%	49,6 k €	+230%	15 k €	-66.3%	44,7 k €	-42.9%	78,3 k €	+107%	37,9 k €	+259%	10,5 k €	+115%	-68,3 k €	-209%	-22,1 k €	-119%	116,7 k €	+187%	40,6 k €	+129%	-141,1 k €	-227%	-43,2 k €	-159%	73,4 k €	-62.8%	197,4 k €
Balance sheet
Equity	656,6 k €	+11.8%	587,4 k €	+11.1%	528,6 k €	+17.3%	450,5 k €	+8.2%	416,4 k €	+46.5%	284,1 k €	-24.8%	377,7 k €	+15.1%	328,1 k €	-12.3%	373,9 k €	+13.6%	329,3 k €	+31.2%	251 k €	+17.8%	213,1 k €	+5.2%	202,5 k €	-25.2%	270,8 k €	-7.5%	292,9 k €	-0.0%	293 k €	+16.1%	252,4 k €	-35.9%	393,4 k €	-9.9%	436,6 k €	+5.5%	414 k €
Total assets	894,1 k €	+5.0%	851,5 k €	+9.0%	781,3 k €	-4.6%	818,9 k €	+37.1%	597,3 k €	+33.5%	447,5 k €	-29.6%	635,7 k €	-18.6%	780,6 k €	-6.1%	831,1 k €	+16.5%	713,2 k €	+17.0%	609,8 k €	+7.5%	567,2 k €	-3.2%	585,7 k €	-4.8%	615,1 k €	-26.5%	836,3 k €	+2.6%	814,8 k €	-23.9%	1,1 M €	-23.3%	1,4 M €	-2.1%	1,4 M €	+26.7%	1,1 M €
Cash	72,6 k €	+9.3%	66,4 k €	-65.5%	192,3 k €	-6.9%	206,5 k €	+40.8%	146,7 k €	+422%	28,1 k €	-68.8%	90,1 k €	+167%	33,8 k €	-92.9%	475,5 k €	+1098%	39,7 k €	-71.2%	137,8 k €	+51.9%	90,7 k €	-12.8%	104 k €	-16.8%	125 k €	+102%	61,8 k €	+325%	14,6 k €	-95.0%	291,7 k €	+148%	117,6 k €	-22.6%	151,9 k €	+572%	22,6 k €
Debts	231,3 k €	-10.4%	258,1 k €	+2.2%	252,7 k €	-31.4%	368,4 k €	+111%	174,7 k €	+8.1%	161,5 k €	-36.0%	252,5 k €	-43.3%	445,3 k €	-1.1%	450,3 k €	+18.6%	379,7 k €	+9.0%	348,3 k €	-1.1%	352,3 k €	-7.7%	381,5 k €	+12.2%	340,2 k €	-37.3%	542,9 k €	+5.1%	516,7 k €	-36.4%	812,9 k €	-18.1%	992 k €	+1.5%	977,2 k €	+38.7%	704,7 k €
Other
Workforce	13,2 ETP	-10.8%	14,8 ETP	+12.1%	13,2 ETP	-14.8%	15,5 ETP	+112%	7,3 ETP	+5.8%	6,9 ETP	-66.0%	20,3 ETP	+15.3%	17,6 ETP	-53.9%	38,2 ETP	+11.7%	34,2 ETP	+11.4%	30,7 ETP	+38.3%	22,2 ETP	+1.4%	21,9 ETP	+167%	8,2 ETP	-32.2%	12,1 ETP	-71.3%	42,2 ETP	-25.3%	56,5 ETP	-27.6%	78,0 ETP	-2.5%	80,0 ETP	-4.8%	84,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

SEEF

Director · 0461.865.993

Represented by Françoise LANNOO

Active

Ended mandates

SEEF

Mandate · 0461.865.993

Represented by Françoise LANNOO

Ended

At this address

Other companies at this address

Company	CBE no.
Association des copropriétaires "Résidence la Chasse" à Etterbeek, avenue de la Chasse 195● Active	0824.899.579
SEEF● Active	0461.865.993
SILVIA ANNA VIOTTO● Active	0792.275.511
UNIX - TRADING● Active	0438.210.564

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2026	03/07/2025	28/06/2024	08/08/2023	19/08/2022	25/08/2021
General meeting	15/06/2026	04/06/2025	05/06/2024	28/06/2023	29/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	14/07/2026	French	PDF
Abridged model	31/12/2024	04/06/2025	03/07/2025	French	PDF
Abridged model	31/12/2023	05/06/2024	28/06/2024	French	PDF
Abridged model	31/12/2022	28/06/2023	08/08/2023	French	PDF
Abridged model	31/12/2021	29/06/2022	19/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	25/08/2021	French	PDF
Abridged model	31/12/2019	24/06/2020	21/08/2020	French	PDF
Abridged model	31/12/2018	26/06/2019	20/08/2019	French	PDF
Abridged model	31/12/2017	27/06/2018	11/08/2018	French	PDF
Abridged model	31/12/2016	28/06/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	29/06/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	12/08/2015	French	PDF
Abridged model	31/12/2013	25/06/2014	11/08/2014	French	PDF
Abridged model	31/12/2012	26/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	27/06/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	29/06/2011	10/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	25/06/2008	24/07/2008	French	PDF
Abridged model	31/12/2006	27/06/2007	30/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

SEEF

Director · 0461.865.993

Represented by Françoise LANNOO

Active

Ended mandates

SEEF

Mandate · 0461.865.993

Represented by Françoise LANNOO

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other07/12/2023
MODIFICATION FORME JURIDIQUE
PDF
Other20/06/2016
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/01/2005
DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025170,7 k €↑
2024
Annual accounts 2024160,3 k €↓
2023
Annual accounts 2023179,6 k €↑
2022
Annual accounts 2022155,9 k €↑
2021
Annual accounts 2021132,2 k €↑
2020
Annual accounts 2020-93,6 k €↓
2019
Annual accounts 201949,6 k €↑
2018
Annual accounts 201815 k €↓
2017
Annual accounts 201744,7 k €↓
2016
Annual accounts 201678,3 k €↑
2015
Annual accounts 201537,9 k €↑
2014
Annual accounts 201410,5 k €↑
2013
Annual accounts 2013-68,3 k €↓
2012
Annual accounts 2012-22,1 k €↓
2011
Annual accounts 2011116,7 k €↑
2010
Annual accounts 201040,6 k €↑
2009
Annual accounts 2009-141,1 k €↓
2008
Annual accounts 2008-43,2 k €↓
2007
Annual accounts 200773,4 k €↓
2006
Annual accounts 2006197,4 k €
15/02/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

EXCEPTION - EXCEPTION

Overview

What does EXCEPTION - EXCEPTION do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline