ACTIVE

Exsolvæ

Financial year 2025 · closed on 31/12/2025
Net result
-14,6 k €
+80.2% YoY
Gross margin
568,3 k €
+65.5% YoY
Equity
-512,2 k €
-2.9% YoY
Workforce
6,7 ETP
+39.6% YoY

What does Exsolvæ do?

Exsolvæ is a Public limited company incorporated in 2012. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Bruxelles. It employs on average 6,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0843.977.697
Incorporation
27/02/2012
Legal form
Public limited company
Registered office
Avenue Louise 500
1050 Bruxelles · BruxellesSee on map
Contributed capital
276 500,00 €
Latest accounts
31/12/2025
Average workforce
6,7 ETP
Joint committees (2)
  • 200
  • 218
Signals
Positive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin568,3 k €343,3 k €-105,5 k €-57,9 k €6,8 k €-11,3 k €1,3 k €-527,2 €62,8 k €-7,1 k €3,9 k €12,1 k €-75,5 k €
EBITDA36,6 k €-28,4 k €-389,2 k €-65,6 k €6,8 k €-11,6 k €1 k €-972,6 €62,4 k €-7,4 k €-7,5 k €830,8 €-126,7 k €
Operating result20,9 k €-35,7 k €-395,3 k €-66 k €6,8 k €-11,6 k €1 k €-972,6 €58,8 k €-19 k €-26,8 k €-19,2 k €-155,5 k €
Net result-14,6 k €-73,6 k €-420,2 k €-66 k €-44,8 €-16,7 k €2,8 k €-8,5 k €48,3 k €-26,5 k €-32,8 k €-24,4 k €-156,5 k €
Balance sheet
Equity-512,2 k €-497,6 k €-424 k €-3,8 k €-152,8 k €-152,7 k €-136,1 k €-138,9 k €-130,4 k €-178,7 k €-152,2 k €-119,4 k €-95 k €
Total assets433,5 k €445,6 k €395,7 k €225,8 k €51,8 k €57,8 k €152,1 k €252,4 k €234,7 k €140,7 k €189 k €148,8 k €237,7 k €
Cash22,5 k €65,3 k €65,8 k €123,7 k €139,6 €6,7 k €31,7 k €21,9 k €14,5 k €7,1 k €29,1 k €244,9 €
Debts902,2 k €943,2 k €819,7 k €229,6 k €204,6 k €210,5 k €288,1 k €391,3 k €365,1 k €319,4 k €335,9 k €263,2 k €332,8 k €
Other
Workforce6,7 ETP4,8 ETP5,3 ETP0,3 ETP0,2 ETP0,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

EMANES

Director · since 27 février 2026 · 1029.848.208

Represented by Tufal Christian

Active
DT2L

Director · since 09 juin 2023 · until 08 juin 2029 · 0794.248.173

Represented by DETAILLE Julien

Active
ALTURE

Director · since 16 novembre 2021 · until 27 février 2026 · 0811.750.834

Represented by TUFAL Christian

Active

Ended mandates

DT2L

Director · since 09 juin 2023 · until 08 juin 2029 · 0794.248.173

Represented by DETAILLE JULIEN

Ended
ADOCOR

Managing director · since 04 octobre 2022 · until 30 mai 2028 · 0753.911.615

Represented by BERTRAND HUGO

Ended
ALTURE

Director · since 16 novembre 2021 · until 15 novembre 2027 · 0811.750.834

Represented by TUFAL CHRISTIAN

Ended
ALTURE

Managing director · since 16 novembre 2021 · 0811.750.834

Represented by GUENERAT-TUFAL CHRISTIAN

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202604/08/202508/10/202420/06/202303/08/202227/08/2021
General meeting03/08/202601/08/202527/08/202413/06/202327/07/202226/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202503/08/202631/08/2026FrenchPDF
Abridged model31/12/202401/08/202504/08/2025FrenchPDF
Abridged model31/12/202327/08/202408/10/2024FrenchPDF
Abridged model31/12/202213/06/202320/06/2023FrenchPDF
Micro model31/12/202127/07/202203/08/2022FrenchPDF
Micro model31/12/202026/05/202127/08/2021FrenchPDF
Micro model31/12/201927/05/202013/11/2020FrenchPDF
Micro model31/12/201829/05/201902/08/2019FrenchPDF
Micro model31/12/201730/05/201828/08/2018FrenchPDF
Abridged model31/12/201631/05/201701/07/2017FrenchPDF
Abridged model31/12/201525/05/201628/07/2016FrenchPDF
Abridged model31/12/201427/05/201510/06/2015FrenchPDF
Abridged model31/12/201328/05/201428/08/2014FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 active · 8 ended

Active mandates

EMANES

Director · since 27 février 2026 · 1029.848.208

Represented by Tufal Christian

Active
DT2L

Director · since 09 juin 2023 · until 08 juin 2029 · 0794.248.173

Represented by DETAILLE Julien

Active
ALTURE

Director · since 16 novembre 2021 · until 27 février 2026 · 0811.750.834

Represented by TUFAL Christian

Active

Ended mandates

DT2L

Director · since 09 juin 2023 · until 08 juin 2029 · 0794.248.173

Represented by DETAILLE JULIEN

Ended
ADOCOR

Managing director · since 04 octobre 2022 · until 30 mai 2028 · 0753.911.615

Represented by BERTRAND HUGO

Ended
ALTURE

Director · since 16 novembre 2021 · until 15 novembre 2027 · 0811.750.834

Represented by TUFAL CHRISTIAN

Ended
ALTURE

Managing director · since 16 novembre 2021 · 0811.750.834

Represented by GUENERAT-TUFAL CHRISTIAN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/04/2026
    Nomination / Cession et Transfert des sièges social et d'exploitation
    PDF
  • Registered office24/04/2025
    SIEGE SOCIAL
    PDF
  • Mandates22/04/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - SIEGE SOCIAL - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/02/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office30/11/2021
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - SIEGE SOCIAL
    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

Timeline

  1. 2025
    Annual accounts 2025-14,6 k €
  2. 2024
    Annual accounts 2024-73,6 k €
  3. 2023
    Annual accounts 2023-420,2 k €
  4. 2022
    Annual accounts 2022-66 k €
  5. 2022
    Name changeEXSOLVÆ
  6. 2021
    Annual accounts 2021-44,8 €
  7. 2021
    Name changeINGIMA Belgium
  8. 2020
    Annual accounts 2020-16,7 k €
  9. 2019
    Annual accounts 20192,8 k €
  10. 2018
    Annual accounts 2018-8,5 k €
  11. 2017
    Annual accounts 201748,3 k €
  12. 2016
    Annual accounts 2016-26,5 k €
  13. 2015
    Annual accounts 2015-32,8 k €
  14. 2014
    Annual accounts 2014-24,4 k €
  15. 2013
    Annual accounts 2013-156,5 k €
  16. 27/02/2012
    IncorporationPublic limited company