Expans Digital
ActiveThe computed 12-month bankruptcy probability of Expans Digital is 1.8% (moderate). The 2025 annual accounts show equity of €10k and a net result of €15k. Equity is shrinking by ~46.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 24% of 956 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency42▲+28
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.39 in 2024; short-term debt: 83.5% and cash: 34.4% of total assets), and 83.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.5%
Return on assets
26.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 956 sector peers (2025).
NBB · sector comparisonPosition among 956 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
27 d late
2024
5 d late
2023
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€10k
2024 · €-6k
2023: €19k
2024: €-6k
2023 → 2025
Total assets
€58k▲ 18.8%
2024 · €49k
2023: €68k
2024: €49k
2023 → 2025
Net result
€15k
2024 · €-24k
2023: €7k
2024: €-24k
2023 → 2025
Working capital
€-11k▲ 65.8%
2024 · €-33k
2023: €-16k
2024: €-33k
2023 → 2025
Multi-year overview
Available amounts per fiscal year
Line202320242025Trend
Equity€19k-€-6k€10k
Operating result€10k-€-24k€16k
Net result€7k-€-24k€15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €16k after a loss of €24k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58k
Fixed assets
€21k▼ 24.1%
Current assets
€37k▲ 74.4%
Equity and liabilities €58k
Equity
€10k
Debt
€48k
Debt finances 83.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€24k▲
2024 · €-16k
Cash flow
€23k▲
2024 · €-16k
Solvency
16.5%▲
2024 · -11.5%
Current ratio
0.77▲
2024 · 0.39
Quick ratio
0.77▲
2024 · 0.39
Debt / equity
5.05▲
2024 · -9.72
ROE
158.4%
ROA
26.2%▲
2024 · -49.4%
Interest coverage
75.51▲
2024 · -41.37
Debt
€48k▼
2024 · €54k
Debt ≤ 1 year
€48k▼
2024 · €54k
Income taxes
€609▲
2024 · €242
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€49k€58k▲
Fixed assets21/28€28k€21k▼
Tangible fixed assets22/27€28k€20k▼
Furniture and vehicles24€28k€20k▼
Financial fixed assets28-€1k
Current assets29/58€21k€37k▲
Amounts receivable within one year40/41€5k€14k▲
Trade receivables40€5k€14k▲
Other amounts receivable41€379€391▲
Cash at bank and in hand54/58€14k€20k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€49k€58k▲
Equity10/15€-6k€10k▲
Contributions10/11€12k€12k=
Reserves13€6k€6k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€-24k€-9k▲
Amounts payable17/49€54k€48k▼
Amounts payable within one year42/48€54k€48k▼
Trade debts44€10k€4k▼
Suppliers440/4€10k€4k▼
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Other amounts payable47/48€41k€41k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k=
Other operating charges640/8€2k€1k▼
Gross operating margin9900€-14k€25k▲
Operating profit (loss)9901€-24k€16k▲
Financial income75/76B€31€13▼
Recurring financial income75€31€13▼
Financial charges65/66B€382€315▼
Recurring financial charges65€382€315▼
Profit (loss) for the period before taxes9903€-24k€16k▲
Income taxes67/77€242€609▲
Profit (loss) for the period9904€-24k€15k▲
Profit (loss) for the period to be appropriated9905€-24k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-9k▲
Profit (loss) brought forward from the previous period14P€112€-24k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-24k ▼470%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wavre · 2 establishment units since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chemin de la Commanderie 131300 WavreGround area
5,929 m²
Building footprint
2,692 m²
Volume, LiDAR
36,892 m³
2 parcels, Wallonia · tallest building 24.2 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Expans Digital
since 20232.341.614.444
Courbevoie 13, 1348 Ottignies-Louvain-la-Neuve
since 20262.389.868.281
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112B0081/00K000 | Wallonia | 4,681 m² | 1 · 181 m² | 8.7 m · 2 fl. |
| 25386B0254/00X000 | Wallonia | 1,248 m² | 1 · 2,510 m² | 24.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Sele.be
BE 1022.089.097
Gent · Eq €10k
ARTATTACK
BE 0478.701.829
Mechelen · Eq €10k
CLAP COPY
BE 0419.228.555
Elsene · Eq €10k
SELENIS
BE 0807.682.376
Schaarbeek · Eq €10k
PHOENIX POST
BE 0846.477.230
Sint-Pieters-Woluwe · Eq €10k
Of 2,855 companies in sector 18130 we hold annual accounts for 831. 436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2023
Fiscal year end31-12
Activities, NACEBEL
18130Pre-press and pre-media services
74120Graphic design and visual communication
47120Other non-specialised retail sale
47910Retail trade
62010Computer programming, consultancy and related activities
62100Computer programming
70210Activities of head offices; management consultancy activities
73110Advertising agencies
73300Public relations and communication consultancy
74103Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.