Expansio
Expansio has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44k and a net result of €-38k. Equity is shrinking by ~31% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 54% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
| Equity | €44k |
| Net result | €-38k |
| Better than sector | 54% |
| Active | 7 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.1% | 60.0% | |
| Net result | €-38k | €29k | |
| Equity | €44k | €72k | |
| Gross operating margin | €-35k | €55k | |
| Total assets | €69k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €-36k | €55k | €49k | €15k |
| Net profit | €-38k | €42k | €36k | €11k |
| Cash flow | €-37k | €43k | €38k | €12k |
| Staff costs | - | - | - | €7k |
| Income taxes | €218 | €11k | €10k | €4k |
| Dividends | - | €118k | - | - |
| Total assets | €69k | €118k | €189k | €142k |
| Equity | €44k | €82k | €158k | €103k |
| Debt | €25k | €36k | €31k | €39k |
| of which ≤ 1y | €25k | €36k | €31k | €39k |
| of which > 1y | - | - | - | - |
| Working capital | €42k | €79k | €156k | €100k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 2.70 | 3.20 | 6.07 | 3.56 |
| Quick ratio | 2.70 | 3.20 | 6.07 | 3.56 |
| Working capital ratio | 61.0% | 67.2% | 83.0% | 70.7% |
| Solvency | 64.1% | 69.5% | 83.6% | 72.4% |
| Debt / equity | 0.56 | 0.44 | 0.20 | 0.38 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -9.89 | 12.70 | 9.63 | 10.13 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -54.5% | 35.9% | 19.3% | 7.5% |
| ROE | -85.1% | 51.7% | 23.1% | 10.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €69k | €118k | €189k | €142k |
| Fixed assets | 21/28 | €2k | €3k | €1k | €2k |
| Tangible fixed assets | 22/27 | €2k | €3k | €1k | €2k |
| Current assets | 29/58 | €67k | €115k | €187k | €139k |
| Amounts receivable within one year | 40/41 | €67k | €110k | €115k | €62k |
| Cash & bank | 54/58 | €252 | €4k | €12k | €18k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €69k | €118k | €189k | €142k |
| Equity | 10/15 | €44k | €82k | €158k | €103k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | - |
| Reserves | 13 | €59k | €59k | €17k | €17k |
| Accumulated profits (losses) | 14 | €-34k | €4k | €122k | €86k |
| Amounts payable | 17/49 | €25k | €36k | €31k | €39k |
| Amounts payable within one year | 42/48 | €25k | €36k | €31k | €39k |
| Trade debts payable within one year | 44 | €15k | €19k | €15k | €25k |
| Income statement | |||||
| Gross operating margin | 9900 | €-35k | €57k | €52k | €23k |
| Operating result | 9901 | €-37k | €55k | €48k | €13k |
| Financial income | 75 | €3k | €4k | €4k | €3k |
| Financial charges | 65 | €4k | €4k | €5k | €1k |
| Result before taxes | 9903 | €-37k | €54k | €47k | €15k |
| Income taxes | 67/77 | €218 | €11k | €10k | €4k |
| Net result for the period | 9904 | €-38k | €42k | €36k | €11k |
| Result to be appropriated | 9905 | €-38k | €42k | €36k | €11k |
-
GONZALEZ Yeco RicardoDirectorState Gazette act 22343579 (05-07-2022)Current05-07-2022 → present
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-2019 |
| Status | Active |
| Postal code | 9200 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002B0879/00L000 | Flanders | 723 m² | 1 · 168 m² | 10.4 m · 2 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-11-2024 Registered office moved within Dendermonde
- Koning Albertstraat (STG) 33, 9200 Dendermonde → Mandekensstraat 220, 9200 Dendermonde
Technical details
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"act_meta": {
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"co_filed_documents": [
"de notulen van de algemene vergadering dd. 26/09/2024"
]
}05-07-2022 2 directors appointed
- GONZALEZ Yeco Ricardo, Bestuurder
- GONZALEZ Yeco Ricardo, Bestuurder
Technical details
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"notary": {
"name": "Astrid DE WULF",
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"firm_name": "Astrid De Wulf, notarisvennootschap BV",
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"act_meta": {
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"pub_date": "2022-07-05",
"filing_date": "2022-07-01",
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"co_filed_documents": [
"expeditie akte inhoudende verslag van het bestuursorgaan en bedrijfsrevisor",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | Expansio |