ACTIVE

EXCHANGE

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Financial year 2025 · closed on 31/12/2025

Net result

-40,9 k €

-2.2% YoY

Gross margin

12 k €

+251.8% YoY

Equity

-16,3 k €

-166.2% YoY

What does EXCHANGE do?

EXCHANGE is a Public limited company incorporated in 1988. Its main activity is: Retail sale of other household equipment in specialised stores. Its registered office is in Woluwe-Saint-Lambert.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0435.017.185

Incorporation

23/08/1988

Legal form

Public limited company

Registered office

Square Vergote 19
1200 Woluwe-Saint-Lambert · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

47551Retail sale of other household equipment in specialised stores· main 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 52441Warehousing and support activities for transportation

Joint committees (1)

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	12 k €	+252%	3,4 k €	-82.3%	19,3 k €	+25.9%	15,3 k €	-32.5%	22,7 k €	-2.8%	23,4 k €	+7.5%	21,7 k €	+691%	2,7 k €	+138%	-7,1 k €	-50.8%	-4,7 k €	-122%	21,2 k €	+86.4%	11,4 k €	-6.4%	12,1 k €	+311%	-5,7 k €	-47.6%	-3,9 k €	-1160%	366,8 €	+162%	-594,1 €	-101%	93,2 k €	+72.2%	54,1 k €	-51.1%	110,7 k €
EBITDA	5,1 k €	+253%	-3,3 k €	-122%	15,3 k €	+83.1%	8,4 k €	-56.3%	19,1 k €	-3.4%	19,8 k €	+8.8%	18,2 k €	+2596%	-729,1 €	+93.1%	-10,6 k €	-30.3%	-8,1 k €	-145%	18,1 k €	+119%	8,3 k €	-9.3%	9,1 k €	+205%	-8,7 k €	-26.7%	-6,9 k €	-709%	-849 €	+40.5%	-1,4 k €	-102%	92 k €	+73.2%	53,1 k €	-51.3%	109,1 k €
Operating result	-40,8 k €	-1.8%	-40,1 k €	-97.2%	-20,3 k €	+26.7%	-27,7 k €	-63.6%	-16,9 k €	-4.2%	-16,3 k €	+8.9%	-17,9 k €	+51.4%	-36,8 k €	+21.1%	-46,6 k €	-6.6%	-43,7 k €	-152%	-17,3 k €	+34.7%	-26,5 k €	-3.6%	-25,6 k €	+38.6%	-41,8 k €	+53.7%	-90,2 k €	-10525%	-849 €	+40.5%	-1,4 k €	-102%	92 k €	+87.1%	49,2 k €	-53.3%	105,2 k €
Net result	-40,9 k €	-2.2%	-40,1 k €	-140%	-16,7 k €	+21.1%	-21,2 k €	-96.3%	-10,8 k €	+34.4%	-16,4 k €	+8.8%	-18 k €	+40.0%	-30 k €	+25.4%	-40,3 k €	+24.8%	-53,5 k €	-243%	-15,6 k €	+37.5%	-25 k €	+2.7%	-25,7 k €	+38.8%	-41,9 k €	-105%	906,9 k €	+294%	230,3 k €	+7345%	-3,2 k €	-114%	23,4 k €	-63.0%	63,3 k €	-29.8%	90,2 k €
Balance sheet
Equity	-16,3 k €	-166%	24,6 k €	-61.9%	64,7 k €	-20.5%	81,4 k €	-94.4%	1,5 M €	-0.7%	1,5 M €	-1.1%	1,5 M €	-1.2%	1,5 M €	-2.0%	1,5 M €	-2.6%	1,6 M €	-3.3%	1,6 M €	-1.0%	1,6 M €	-1.5%	1,7 M €	-1.5%	1,7 M €	-2.4%	1,7 M €	+110%	823 k €	+38.9%	592,7 k €	-0.5%	595,8 k €	+4.1%	572,4 k €	+12.4%	509,2 k €
Total assets	1,2 M €	+28.0%	943 k €	-2.2%	964,7 k €	-32.6%	1,4 M €	-1.5%	1,5 M €	-0.7%	1,5 M €	-1.1%	1,5 M €	-1.4%	1,5 M €	-1.8%	1,5 M €	-2.6%	1,6 M €	-3.3%	1,6 M €	-1.0%	1,6 M €	-1.5%	1,7 M €	-1.7%	1,7 M €	-34.5%	2,6 M €	-55.1%	5,7 M €	+820%	624,4 k €	-32.6%	926,3 k €	+57.7%	587,3 k €	+11.0%	528,9 k €
Cash	112,7 k €	+51.5%	74,3 k €	+817%	8,1 k €	-58.3%	19,5 k €	-16.0%	23,2 k €	-96.3%	618,9 k €	+3.3%	599,2 k €	+12.3%	533,6 k €	+0.4%	531,3 k €	-2.6%	545,3 k €	-5.1%	574,5 k €	-1.3%	582,3 k €	-5.3%	614,8 k €	-2.9%	633 k €	+1159%	50,3 k €	+536%	7,9 k €	+2896%	264,1 €	-99.9%	202,7 k €	+598%	29,1 k €	+152%	11,5 k €
Debts	1,2 M €	+33.2%	918,4 k €	+2.0%	900 k €	-33.3%	1,4 M €		–		–		–		–		–		–		–		–		–		3 k €	-99.6%	850 k €	-82.7%	4,9 M €	+15396%	31,7 k €	-90.4%	330,4 k €	+2128%	14,8 k €	-25.0%	19,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

Francois DETANDT

Director · since 05 mai 2009

Active

Paulette Soetens

Director · since 05 mai 2009

Active

Ended mandates

ERIC BAUCHAU

Director · since 02 mai 2006 · until 02 mai 2012

Ended

BENEDICTE CLAES

Director

Ended

ERIC BAUCHAU

Director

Ended

ETIENNE VAN DE VIJVERE

Managing director

Ended

At this address

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BECATELLO● Active	0449.795.532
BELLE CENSE● Active	0748.771.605
BELLECOURT INDUSTRIAL PAINTING● Active	0448.543.143
BELLE RIZ● Active	0740.447.421
BERIMTER● Active	0431.681.870
BERTINE● Active	0458.781.591
BF CONCEPT● Active	0843.604.842
BFE ENGINEERING● Active	0842.127.967
BFE Patrimonial● Active	0771.791.485
BIMMO● Active	0430.027.922
BLANCO INVESTMENT● Active	0506.704.937
BLUE PIG STUDIO● Active	0471.213.429

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	14/08/2026	23/07/2025	03/05/2024	04/05/2023	07/04/2022	01/04/2021
General meeting	29/06/2026	30/06/2025	11/01/2024	03/05/2023	01/04/2022	12/01/2021
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	29/06/2026	14/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	23/07/2025	French	PDF
Abridged model	31/12/2023	11/01/2024	03/05/2024	French	PDF
Abridged model	31/12/2022	03/05/2023	04/05/2023	French	PDF
Abridged model	31/12/2021	01/04/2022	07/04/2022	French	PDF
Abridged model	31/12/2020	12/01/2021	01/04/2021	French	PDF
Abridged model	31/12/2019	05/02/2020	05/02/2020	French	PDF
Abridged model	31/12/2018	30/01/2019	31/01/2019	French	PDF
Abridged model	31/12/2017	06/03/2018	06/03/2018	French	PDF
Abridged model	31/12/2016	14/03/2017	15/03/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	04/03/2015	06/03/2015	French	PDF
Abridged model	31/12/2013	06/05/2014	26/05/2014	French	PDF
Abridged model	31/12/2012	02/05/2013	21/05/2013	French	PDF
Abridged model	31/12/2011	02/05/2012	30/07/2012	French	PDF
Abridged model	31/12/2010	20/06/2011	13/07/2011	French	PDF
Abridged model	31/12/2009	04/05/2010	15/07/2010	French	PDF
Abridged model	31/12/2008	05/05/2009	10/06/2009	French	PDF
Abridged model	31/12/2007	06/05/2008	13/08/2008	French	PDF
Abridged model	31/12/2006	01/05/2007	05/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 2 active · 8 ended

Active mandates

Francois DETANDT

Director · since 05 mai 2009

Active

Paulette Soetens

Director · since 05 mai 2009

Active

Ended mandates

ERIC BAUCHAU

Director · since 02 mai 2006 · until 02 mai 2012

Ended

BENEDICTE CLAES

Director

Ended

ERIC BAUCHAU

Director

Ended

ETIENNE VAN DE VIJVERE

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2009
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates13/06/2006
DEMISSIONS, NOMINATIONS
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 2025-40,9 k €↓
2024
Annual accounts 2024-40,1 k €↓
2023
Annual accounts 2023-16,7 k €↑
2022
Annual accounts 2022-21,2 k €↓
2021
Annual accounts 2021-10,8 k €↑
2020
Annual accounts 2020-16,4 k €↑
2019
Annual accounts 2019-18 k €↑
2018
Annual accounts 2018-30 k €↑
2017
Annual accounts 2017-40,3 k €↑
2016
Annual accounts 2016-53,5 k €↓
2015
Annual accounts 2015-15,6 k €↑
2014
Annual accounts 2014-25 k €↑
2013
Annual accounts 2013-25,7 k €↑
2012
Annual accounts 2012-41,9 k €↓
2011
Annual accounts 2011906,9 k €↑
2010
Annual accounts 2010230,3 k €↑
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 200823,4 k €↓
2007
Annual accounts 200763,3 k €↓
2006
Annual accounts 200690,2 k €
23/08/1988
IncorporationPublic 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

EXCHANGE

Overview

What does EXCHANGE 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