Exercise
0832.553.473 · rovalta.com · 21/09/2026
NORMAL SITUATION
Exercise
Financial year 2021 · closed on 31/12/2021
Net result
-40,0 k €
-117.0% YoY
Gross margin
16,0 k €
-16.0% YoY
Equity
-624,1 k €
-6.8% YoY
Workforce
1,0 ETP
-9.1% YoY
Company — Normal situation.
Overview
What does Exercise do?
Exercise is a company registered in Belgium. It employs on average 1,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0832.553.473
Legal form
Private company with limited liability
Contributed capital
39 000,00 €
Latest accounts
31/12/2021
Average workforce
1,0 ETP
Joint committees (1)
- 314
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Financials
Trend over 10 financial years
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||
| Gross margin | 16,0 k € | -16.0% | 19,0 k € | +136% | -52,8 k € | -2882% | -1,8 k € | -103% | 70,8 k € | -39.5% | 116,9 k € | +267% | 31,9 k € | +146% | -69,9 k € | -345% | 28,5 k € | +12.9% | 25,3 k € |
| EBITDA | -36,4 k € | -381% | -7,6 k € | +93.7% | -120,1 k € | -166% | -45,1 k € | -944% | -4,3 k € | -138% | 11,3 k € | +153% | -21,4 k € | +74.3% | -83,2 k € | -1776% | 5,0 k € | +220% | 1,6 k € |
| Operating result | -37,7 k € | -122% | -17,0 k € | +86.3% | -123,6 k € | -85.9% | -66,5 k € | -173% | -24,4 k € | -268% | -6,6 k € | +89.4% | -62,6 k € | +49.4% | -123,6 k € | -207% | -40,2 k € | +54.0% | -87,5 k € |
| Net result | -40,0 k € | -117% | -18,4 k € | +85.3% | -125,6 k € | -78.9% | -70,2 k € | -153% | -27,8 k € | -168% | -10,4 k € | +89.0% | -94,2 k € | +26.5% | -128,3 k € | -183% | -45,3 k € | +56.1% | -103,1 k € |
| Balance sheet | |||||||||||||||||||
| Equity | -624,1 k € | -6.8% | -584,2 k € | -3.3% | -565,8 k € | -28.5% | -440,2 k € | -19.0% | -370,0 k € | -8.1% | -342,2 k € | -3.1% | -331,8 k € | -39.7% | -237,6 k € | -117% | -109,4 k € | -70.6% | -64,1 k € |
| Total assets | 6,5 k € | -77.8% | 29,3 k € | -22.0% | 37,6 k € | -55.1% | 83,7 k € | -12.3% | 95,4 k € | +5.0% | 90,9 k € | -12.3% | 103,7 k € | -29.1% | 146,2 k € | -17.8% | 177,8 k € | -17.2% | 214,7 k € |
| Cash | – | 146,1 € | -54.5% | 321,2 € | -78.1% | 1,5 k € | -90.9% | 16,1 k € | +111% | 7,6 k € | -24.0% | 10,0 k € | +31.5% | 7,6 k € | +167% | 2,9 k € | -46.2% | 5,3 k € | |
| Debts | 630,1 k € | +3.5% | 608,6 k € | +0.9% | 603,4 k € | +15.2% | 523,9 k € | +12.6% | 465,4 k € | +9.0% | 427,0 k € | -1.9% | 435,4 k € | +13.5% | 383,8 k € | +33.6% | 287,2 k € | +3.0% | 278,7 k € |
| Other | |||||||||||||||||||
| Workforce | 1,0 ETP | -9.1% | 1,1 ETP | -15.4% | 1,3 ETP | +18.2% | 1,1 ETP | -45.0% | 2,0 ETP | -9.1% | 2,2 ETP | +100% | 1,1 ETP | – | – | 1,0 ETP | |||
Governance
Board of directors
Seen on filing of 31/12/2021 · 1 active · 9 ended
Active mandates
Active
Ended mandates
Financials
Annual accounts
Full financial information
| 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2021 | 01/01/2020 | 01/01/2019 | 01/01/2018 | 01/01/2017 | 01/01/2016 |
| Closing of the financial year | 31/12/2021 | 31/12/2020 | 31/12/2019 | 31/12/2018 | 31/12/2017 | 31/12/2016 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 29/07/2022 | 29/07/2021 | 31/07/2020 | 14/07/2019 | 09/07/2018 | 10/07/2017 |
| General meeting | 30/06/2022 | 30/06/2021 | 30/06/2020 | 28/06/2019 | 15/06/2018 | 16/06/2017 |
| 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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Annual accounts filings
10 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2021 | 30/06/2022 | 29/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 30/06/2021 | 29/07/2021 | Dutch | |
| Abridged model | 31/12/2019 | 30/06/2020 | 31/07/2020 | Dutch | |
| Abridged model | 31/12/2018 | 28/06/2019 | 14/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 15/06/2018 | 09/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 16/06/2017 | 10/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 17/06/2016 | 28/09/2016 | Dutch | |
| Abridged model | 31/12/2014 | 05/11/2015 | 25/01/2016 | Dutch | |
| Abridged model | 31/12/2013 | 22/06/2014 | 06/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 21/06/2013 | 01/07/2013 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2021 · 1 active · 9 ended
Active mandates
Active
Ended mandates
Shareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2021Annual accounts 2021-40,0 k €↓
- 2020Annual accounts 2020-18,4 k €↑
- 2019Annual accounts 2019-125,6 k €↓
- 2018Annual accounts 2018-70,2 k €↓
- 2017Annual accounts 2017-27,8 k €↓
- 2016Annual accounts 2016-10,4 k €↑
- 2015Annual accounts 2015-94,2 k €↑
- 2014Annual accounts 2014-128,3 k €↓
- 2013Annual accounts 2013-45,3 k €↑
- 2012Annual accounts 2012-103,1 k €