C & Explore
ActiveSummary
The computed 12-month bankruptcy probability of C & Explore is 4.3% (elevated). The 2025 annual accounts show equity of €163,056 and a net result of -€1,481. Equity has been growing by about 13% per year since 2018. Its solvency ranks better than 62% of 2,602 sector peers (NACE 85, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-12-2014 Normal situation
- Activity
- Other education NACE 85599and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.237.694.087 2500 Lier, since 24-12-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 15-10-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.3%
Annual accounts 2025
- Gross margin
- €237,559
- ▲ 25.0%
- Turnover
- ≈ €600,000
- estimated
- Loss
- €1,481
- Equity
- €163,056
- ▼ 0.9%
- Total assets
- €282,864
- ▼ 11.6%
- Employees on 31-12-2025
- 4
- ▲ 33.3%
- 2025 accounts filed 61 days after the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsLast filed accounts filed 61 days late; 3 of the last 3 accounts lateLiquidity: current ratio 0.72, cash €2,835, halvedlowers riskSector: Education (NACE 85)Show the evidence
Checked score
Score 2025
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 39% of micro companies in education (NACE 85)
Financial strength · tick: 2024
Strong
Solvency
83+7
equity 57.6% of total assets
Liquidity
35+2
short-term debt 36.6% · cash 1.0%
Profitability
68-6
return on assets -0.5%
Bankruptcy probability within 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 1.0%▲ +0.2 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 0.4%▼ -0.6 percentage points vs 10-2025lowest value
12-2025: 1.0%▲ +0.6 percentage points vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.1%▲ +0.1 percentage points vs 04-2026
06-2026: 3.2%▲ +2.1 percentage points vs 05-2026
07-2026: 3.4%▲ +0.2 percentage points vs 06-2026
08-2026: 3.8%▲ +0.4 percentage points vs 07-2026
09-2026: 4.6%▲ +0.8 percentage points vs 08-2026highest value
10-2026: 4.3%▼ -0.3 percentage points vs 09-2026
11-2026: 4.3%● unchanged vs 10-2026
Credit of up to €7,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is insufficient, with a current ratio of 0.72 (1.06 in 2024), below 1. Short-term debt is 36.6% and cash 1% of total assets. 42.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 60% of them on solvency, 18% on liquidity, 38% on profitability and 40% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
32 days late
2023
31 days late
2022
31 days late
2021
61 days late
2020
31 days late
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549930.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 11 filings
Turnover
≈ €600,000
Estimated: probably between €400,000 and €920,000
Total assets
€282,864▼ 11.6%
2024 · €319,948
Net result
-€1,481
2024 · €12,268
Working capital
-€28,554
2024 · €7,545
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€4,474
▼ 81.9%
2025
20182025
Net result
-€1,481
2025
middle half of the sector
20182025
Equity
€163,056
▼ 0.9%
2025
highest quarter of the sector
20182025
Total assets
€282,864
▼ 11.6%
2025
highest quarter of the sector
20182025
Debt
€119,808
▼ 22.9%
2025
20182025
Working capital
-€28,554
2025
lowest quarter of the sector
20182025
Solvency
57.6%
▲ 6.2pp
2025
middle half of the sector
20182025
Current ratio
0.72
▼ 0.33
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-0.5%
▼ 4.4pp
2025
middle half of the sector
20182025
Staff (FTE)
3
▲ 30.4%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€38,342-€4,708▼ 87.7%€24,651▲ 424%€60,047▲ 144%€31,274▼ 47.9%€14,995▼ 52.1%€24,766▲ 65.2%€4,474▼ 81.9%
Net result€21,738-€4,991▼ 77.0%€22,222within the sector's middle half▲ 345%€38,495above the sector's middle half▲ 73.2%€21,954within the sector's middle half▼ 43.0%€8,722within the sector's middle half▼ 60.3%€12,268within the sector's middle half▲ 40.7%-€1,481within the sector's middle half
Equity€55,884-€60,875▲ 8.9%€83,097within the sector's middle half▲ 36.5%€121,592above the sector's middle half▲ 46.3%€143,546above the sector's middle half▲ 18.1%€152,269above the sector's middle half▲ 6.1%€164,537above the sector's middle half▲ 8.1%€163,056above the sector's middle half▼ 0.9%
Total assets€124,686-€119,406▼ 4.2%€135,796within the sector's middle half▲ 13.7%€192,743within the sector's middle half▲ 41.9%€249,805within the sector's middle half▲ 29.6%€288,010above the sector's middle half▲ 15.3%€319,948above the sector's middle half▲ 11.1%€282,864above the sector's middle half▼ 11.6%
Debt€68,803-€58,531▼ 14.9%€52,699▼ 10.0%€71,151▲ 35.0%€106,259▲ 49.3%€135,741▲ 27.7%€155,411▲ 14.5%€119,808▼ 22.9%
Working capital€54,960-€21,605▼ 60.7%€41,555within the sector's middle half▲ 92.3%€64,157within the sector's middle half▲ 54.4%€90,053above the sector's middle half▲ 40.4%€49,609within the sector's middle half▼ 44.9%€7,545within the sector's middle half▼ 84.8%-€28,554below the sector's middle half
Solvency44.8%-51.0%▲ 6.2pp61.2%within the sector's middle half▲ 10.2pp63.1%within the sector's middle half▲ 1.9pp57.5%within the sector's middle half▼ 5.6pp52.9%within the sector's middle half▼ 4.6pp51.4%within the sector's middle half▼ 1.4pp57.6%within the sector's middle half▲ 6.2pp
Current ratio2.03-1.39▼ 0.631.82within the sector's middle half▲ 0.422.07within the sector's middle half▲ 0.252.38within the sector's middle half▲ 0.311.47within the sector's middle half▼ 0.901.06within the sector's middle half▼ 0.420.72below the sector's middle half▼ 0.33
Return on assets (ROA)17.4%-4.2%▼ 13.3pp16.4%within the sector's middle half▲ 12.2pp20.0%within the sector's middle half▲ 3.6pp8.8%within the sector's middle half▼ 11.2pp3.0%within the sector's middle half▼ 5.8pp3.8%within the sector's middle half▲ 0.8pp-0.5%within the sector's middle half▼ 4.4pp
Staff (FTE)0.40.5below the sector's middle half▲ 25.0%1▲ 100%1.3▲ 30.0%1.4▲ 7.7%2.3▲ 64.3%3▲ 30.4%
above
within
below
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 82% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €282,864
Fixed assets
€207,979 ▲ 16.1%
Current assets
€74,885 ▼ 46.8%
Equity and liabilities €282,864
Equity
€163,056 ▼ 0.9%
Debt
€119,808 ▼ 22.9%
Debt's share of the balance-sheet total falls from 48.6% to 42.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€56,906▼
2024 · €64,456
Cash flow
€50,951▼
2024 · €51,958
Quick ratio
0.64▼
2024 · 1.00
Debt to equity
0.73▼
2024 · 0.94
ROE
-0.9%▼
2024 · 7.5%
Interest coverage
21.79▲
2024 · 16.47
Debt ≤ 1 year
€103,439▼
2024 · €133,304
Debt > 1 year
€16,369▼
2024 · €20,448
Income taxes
€3,390▼
2024 · €8,590
Staff costs
€169,762▲
2024 · €115,422
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 | 3 | 4 |
| full-time | - | 1 | 1 | 2 | 2 |
| part-time | 1 | 1 | 1 | 1 | 2 |
| in full-time equivalents | 0.5 | 1.4 | 1.4 | 2.3 | 3 |
| Average over the year, in full-time equivalents | 0.5 | 1.3 | 1.4 | 2.3 | 3 |
| On a permanent contract | 1 | 2 | 2 | 3 | 4 |
| Joined | - | 1 | 1 | 2 | 2 |
| Left | - | 0 | 1 | 1 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | - | - | - | €40,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,161 | €2,518 | €1,360 | €12,590 | - |
| Intangible fixed assets | €44,573 | €51,243 | €76,523 | €72,408 | €90,907 |
| Depreciation and write-downs of the year | €21,469 | €28,109 | €38,352 | €39,690 | €52,431 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 7 entries · €26,131 awarded · €28,501 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €12,921 | €12,921 |
| 2024 | 3 | €8,710 | €8,710 |
| 2023 | 2 | €0 | €6,870 |
| 2022 | 1 | €4,500 | €0 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €23,004 | €51,691 | €63,831 | €115,422 | €169,762 | ▲ 47.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,470 | €13,683 | €16,158 | €21,469 | €28,109 | €38,352 | €39,690 | €52,431 | ▲ 32.1% |
| Other operating charges640/8 | - | - | - | €1,403 | €11,445 | €9,456 | €10,170 | €1,295 | ▼ 87.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €9,596 | - |
| Gross operating margin9900 | €45,098 | €37,465 | €63,816 | €105,923 | €122,518 | €126,634 | €190,047 | €237,559 | ▲ 25.0% |
| Operating profit (loss)9901 | €38,342 | €4,708 | €24,651 | €60,047 | €31,274 | €14,995 | €24,766 | €4,474 | ▼ 81.9% |
| Financial income75/76B | - | - | - | €82 | €284 | €248 | €6 | €46 | ▲ 702% |
| Recurring financial income75 | €236 | €106 | €2,701 | €82 | €284 | €248 | €6 | €46 | ▲ 702% |
| Financial charges65/66B | - | - | - | €506 | €1,537 | €2,431 | €3,914 | €2,611 | ▼ 33.3% |
| Recurring financial charges65 | €388 | €99 | €1,122 | €506 | €1,537 | €2,431 | €3,914 | €2,611 | ▼ 33.3% |
| Profit (loss) for the period before taxes9903 | €38,189 | €4,714 | €26,231 | €59,622 | €30,021 | €12,813 | €20,858 | €1,909 | ▼ 90.8% |
| Income taxes67/77 | €16,451 | -€277 | €4,009 | €21,127 | €8,067 | €4,091 | €8,590 | €3,390 | ▼ 60.5% |
| Profit (loss) for the period9904 | €21,738 | €4,991 | €22,222 | €38,495 | €21,954 | €8,722 | €12,268 | -€1,481 | - |
| Profit (loss) for the period to be appropriated9905 | €21,738 | €4,991 | €22,222 | €38,495 | €21,954 | €8,722 | €12,268 | -€1,481 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €124,686 | €119,406 | €135,796 | €192,743 | €249,805 | €288,010 | €319,948 | €282,864 | ▼ 11.6% |
| Fixed assets21/28 | €16,231 | €43,071 | €43,342 | €68,608 | €94,259 | €133,790 | €179,100 | €207,979 | ▲ 16.1% |
| Intangible fixed assets21 | €13,786 | €33,342 | €35,759 | €63,769 | €90,120 | €130,587 | €165,801 | €206,303 | ▲ 24.4% |
| Tangible fixed assets22/27 | €2,445 | €9,729 | €7,584 | €4,839 | €4,139 | €3,203 | €13,298 | €1,676 | ▼ 87.4% |
| Land and buildings22 | - | - | - | - | - | - | €9,596 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €4,839 | €4,139 | €3,203 | €3,703 | €1,676 | ▼ 54.7% |
| Current assets29/58 | €108,456 | €76,335 | €92,454 | €124,136 | €155,546 | €154,219 | €140,848 | €74,885 | ▼ 46.8% |
| Stocks and contracts in progress3 | - | €4,854 | €5,098 | €9,827 | €23,974 | €16,129 | €7,387 | €8,406 | ▲ 13.8% |
| Stocks30/36 | - | - | - | €9,827 | €23,974 | €16,129 | €7,387 | €8,406 | ▲ 13.8% |
| Amounts receivable within one year40/41 | €61,638 | €43,301 | €58,479 | €80,528 | €107,515 | €92,056 | €121,825 | €53,717 | ▼ 55.9% |
| Trade receivables40 | - | - | - | €22,560 | €22,580 | €25,553 | €26,564 | €24,348 | ▼ 8.3% |
| Other amounts receivable41 | - | - | - | €57,968 | €84,935 | €66,503 | €95,261 | €29,370 | ▼ 69.2% |
| Cash at bank and in hand54/58 | €39,109 | €19,902 | €24,656 | €32,477 | €22,268 | €40,351 | €8,193 | €2,835 | ▼ 65.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,304 | €1,789 | €5,684 | €3,443 | €9,927 | ▲ 188% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €124,686 | €119,406 | €135,796 | €192,743 | €249,805 | €288,010 | €319,948 | €282,864 | ▼ 11.6% |
| Equity10/15 | €55,884 | €60,875 | €83,097 | €121,592 | €143,546 | €152,269 | €164,537 | €163,056 | ▼ 0.9% |
| Contributions10/11 | €12,500 | €12,500 | - | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €28,598 | €33,589 | €55,811 | €94,306 | €116,261 | €124,983 | €137,251 | €137,251 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €92,446 | €114,401 | €123,123 | €137,251 | €137,251 | = |
| Profit (loss) carried forward14 | €14,786 | €14,786 | €14,786 | €14,786 | €14,786 | €14,786 | €14,786 | €13,305 | ▼ 10.0% |
| Amounts payable17/49 | €68,803 | €58,531 | €52,699 | €71,151 | €106,259 | €135,741 | €155,411 | €119,808 | ▼ 22.9% |
| Amounts payable after more than one year17 | - | €3,801 | - | - | €40,296 | €30,446 | €20,448 | €16,369 | ▼ 19.9% |
| Financial debts170/4 | - | - | - | - | €40,296 | €30,446 | €20,448 | €16,369 | ▼ 19.9% |
| Amounts payable within one year42/48 | €53,496 | €54,730 | €50,899 | €59,979 | €65,493 | €104,611 | €133,304 | €103,439 | ▼ 22.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,000 | €9,704 | €9,850 | €9,998 | €13,630 | ▲ 36.3% |
| Financial debts43 | - | - | - | - | - | - | €3,208 | €8,985 | ▲ 180% |
| Credit institutions430/8 | - | - | - | - | - | - | €3,208 | €8,985 | ▲ 180% |
| Trade debts44 | €26,269 | €18,354 | €22,176 | €26,772 | €35,040 | €59,181 | €73,709 | €16,302 | ▼ 77.9% |
| Suppliers440/4 | - | - | - | €26,772 | €35,040 | €59,181 | €71,773 | €16,302 | ▼ 77.3% |
| Bills of exchange payable441 | - | - | - | - | - | - | €1,936 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €15,202 | €11,498 | €17,655 | €24,247 | €33,237 | ▲ 37.1% |
| Taxes450/3 | - | - | - | €10,376 | €2,945 | €6,323 | €7,115 | €7,864 | ▲ 10.5% |
| Remuneration and social security454/9 | - | - | - | €4,827 | €8,553 | €11,332 | €17,132 | €25,373 | ▲ 48.1% |
| Other amounts payable47/48 | - | - | - | €5 | €9,250 | €17,925 | €22,141 | €31,285 | ▲ 41.3% |
| Accrued charges and deferred income492/3 | - | - | - | €11,172 | €471 | €685 | €1,660 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,738 | €4,991 | €22,222 | €38,495 | €21,954 | €8,722 | €12,268 | -€1,481 | - |
| + Depreciation and write-downs630 | €5,470 | €13,683 | €16,158 | €21,469 | €28,109 | €38,352 | €39,690 | €52,431 | ▲ 32.1% |
| Operating cash flow (approximation) | €27,208 | €18,674 | €38,380 | €59,964 | €50,063 | €47,074 | €51,958 | €50,951 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€40,523 | -€16,430 | -€46,735 | -€53,761 | -€77,883 | -€84,999 | -€81,311 | ▲ 4.3% |
| Change in cash | - | -€19,208 | €4,754 | €7,821 | -€10,209 | €18,083 | -€32,158 | -€5,358 | ▲ 83.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as C & Explore has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of C & Explore itself is higher: 4.3% within 12 months. It rests on far more data about C & Explore than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for C & Explore. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00549930 | |
| 31-12-2024 | micro format | 01-09-2025 | 2025-00460450 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00424164 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00386667 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20443516 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-65600462 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67900441 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-66900502 | |
| 31-12-2017 | micro format | 09-05-2019 | 2019-12600494 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-28200411 |
Board & ownership
Directors
Directors
1 director
Giudice Christiaan
Current
Owners and capital
Owners
Network & group
C & Explore shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of C & Explore. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-09
micro format · 61 days late
21-05
Gazette deed
Registered office moved from Genk to LierPermanent representative: Nick Magerman4 points ▸
Gazette deed
Registered office moved from Genk to Lier
Permanent representative: Nick Magerman4 points ▸
- Board meeting, 16-03-2026
- Registered-office move, Blokstraat 94 Bus 8,2500 Lier
- Permanent representative, Nick Magerman (bestuurder vaste vertegenwoordiger van bv financial link)
- Other provision, “bestuurder - vaste vertegenwoordiger van BV Financial Link, ondertekening voor publicatie van beslissingen” (deed in Dutch)
2025
31-12
Financial
Weakest financial yearnet -€1,481
The net result drops to -€1,481, the lowest from 2018 to 2025.
21-11
Gazette deed
Registered office moved from Duffel to Genk2 points ▸
Gazette deed
Registered office moved from Duffel to Genk
2 points ▸
- Board meeting, 01-09-2025
- Registered-office move, Nieuwe Kuilenweg 62 bus 4,3600 Genk
01-09
micro format · 32 days late
2024
31-08
micro format · 31 days late
11-03
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointmentsPurpose change · Capital conversion · Director in office5 points ▸
Gazette deed
Purpose · Amendment of the articles · Legal-form change · Resignations & appointments
Purpose change · Capital conversion · Director in office5 points ▸
- Purpose change
- Other provision, “aandeelhouders, kennisname verslag bestuursorgaan wijziging voorwerp” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “omvorming onbeschikbare in beschikbare vermogensrekeningen, van rechtswege gevormd door aanpassing statuten aan WVV” (deed in Dutch)
- Director in office, GIUDICE Christiaan (director (not named in the articles))
2023
31-12
Financial
Equity above €150,000equity €152,269 ▲6.1%
With a profit in every financial year since 2018, equity grows to €152,269.
09-10
Gazette deed
Registered office moved from Genk to DuffelPermanent representative: Nick Magerman4 points ▸
Gazette deed
Registered office moved from Genk to Duffel
Permanent representative: Nick Magerman4 points ▸
- Board meeting, 01-09-2023
- Registered-office move, Oude Liersebaan 71,2570 Duffel
- Permanent representative, Nick Magerman
- Director in office, NM Consult CommV (sole manager)
31-08
micro format · 31 days late
2022
30-09
micro format · 61 days late
2021
31-12
Financial
Highest result from 2018 to 2025net €38,495 ▲73.2%
The operating result of €60,047 and the net result of €38,495 are both a record.
Show earlier events
31-12
Financial
Equity above €100,000equity €121,592 ▲46.3%
With a profit in every financial year since 2018, equity grows to €121,592.
31-08
micro format · 31 days late
2020
31-10
micro format · 92 days late
2019
2017
05-07
micro format · 26 days before the deadline
2014
30-12
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 24 December 2014, C & Explore was incorporated.1 The registered office moved to Duffel in 2023, to Genk in 2025 and to Lier in 2026.234 Giudice Christiaan has served as director since 2014.5 Total assets went from €124,686 in 2018 to €282,864 in 2025 and headcount from 0.4 full-time equivalents in 2019 to 3 in 2025.6
Company details
Register details
Identity
KBO recordName
C & Explore in Dutch
Enterprise number
0507.733.038
Legal form
Private limited company
Status
Active, normale toestand
Founded
24-12-2014
Entity type
Legal entity
Registered office and establishments
Registered office
Blokstraat 94, 2500 Lier, Belgium
3 former offices
- Nieuwe Kuilenweg 62 bus 4, 3600 Genk until 16-03-2026 · act of 21-05-2026
- Oude Liersebaan 71, 2570 Duffel until 01-09-2025 · act of 21-11-2025
- Nieuwe Kuilenweg 62 bus 4, 3600 Genk until 01-09-2023 · act of 09-10-2023
Establishment unit
C & Explore, Blokstraat 94, 2500 Lier since 24-12-2014 · unit number 2.237.694.087
Activities
NACEBEL 2025VAT activities
85599
Other education main activity
86995
Nutrition and dietetics services
Social security (RSZ) activities
85592
Vocational training main activity
Codes under NACEBEL 2008
VAT activities
85599
Other education main activity
86909
Human health activities
Social security (RSZ) activities
85592
Vocational training main activity
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
Invoicing and payment
VAT number
BE 0507.733.038
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
4,260 m²
Building footprint
1,272 m²
Building volume
18,964 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12021G0340/00Y000 | Flanders | 4,259 m² | 1 · 1,272 m² | 19.3 m · 5 |