Equity
-€923
Debts exceed assets in financial year 2025.
EXPECT
Lifetime
20 annual accounts with figures on one time axis, 34 filings since 1992peak €34,190 (2014)
-€11,742▼ €1,050
lowest -€24,648 (2025)
-€24,648▼ €1,168
peak €71,400 (2015)
-€923▼ €24,488
€14,422▲ 554%
peak 1 FTE (2014)
-not published
Board2 names since 2020
1 directorMartens Jackie
Documentsfilings and deeds
14-08-202614 days late
2025abbreviated format
Loss of €24,648Equity from €23,565 to -€923Debts from €2,206 to €14,422
Key points
from the 2025 annual accountsLosses
-€65,723 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€14,422 107% of the balance sheet
Financial debts 57%Suppliers 1%Other 42%
Liquidity
0.03 was 5.75 in 2024
Short-term debts rose from €2,206 to €14,422.
Filings
34 annual accounts since 1992
Ten of the last ten came late. The 2019 accounts came latest: 346 days after the end of the period.
Position in the sector
-6.8%
Lower solvency than 88% of companies in office administrative support. Sector median 41.3% · 2,829 companies.
Turnover not published (abbreviated or micro format)
Checked score
52
Fair
Financially stronger than 6% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.0%● unchanged vs 01-2025
03-2025: 1.0%● unchanged vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.7%▼ -0.5 percentage points vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026lowest value
05-2026: 0.7%● unchanged vs 04-2026lowest value
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.2 percentage points vs 07-2026
09-2026: 0.7%▼ -0.2 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €24,648, the second in a row (financial year 2025)
Negative equity -€923
lowers risk
Size: total assets €13,499
Sector: Office administrative, office support and other business support activities (NACE 82)
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 82, micro). It does better than 11% of them on solvency, 3% on liquidity, 5% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as EXPECT has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EXPECT itself is lower: 0.7% within 12 months. It rests on far more data about EXPECT than the profile alone.
Test of the method
The method was tested on the 497,447 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 6,619 companies, not a prediction for EXPECT. 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.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03 (5.75 in 2024), below 1. Short-term debt is 106.8% and cash 1.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€923
raises risk · 2025 accounts filed 14 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 days late
2024
26 days late
2023
68 days late
2022
31 days late
2021
153 days late
2020
35 days late
2019
346 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 96 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% 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 31 August (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0447232950
Resignation: De Smet Jacqueline (manager)
Director discharge: De Smet Jacqueline · General meeting of 16-12-2020 · Gazette deed
Incorporation
published on 14-05-1992 · Gazette deed
First establishment
Koewacht 1, Stekene
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXPECT Stekene | €13,499 | -€11,742 | -6.8% | - |
| KRAFT PRODUCTIONS Braine-le-Comte | €14,719 | -€61 | 82.3% | - |
| Angoussart Wavre | €15,683 | -€124,922 | -1416.4% | - |
| 2D-MULTIMEDIA Genappe | €16,336 | -€6,841 | -2440.8% | - |
| JDL CONSULT Denderleeuw | €22,601 | -€7,152 | 90.5% | - |
| pw-consult.be Alken | €15,129 | €437 | -70.2% | - |
| GRONERT ET CO Ganshoren | €10,693 | -€817 | 48.2% | - |
These companies have the same main activity as EXPECT: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €10,700 and €22,600, founded between 1984 and 1998.
Official details
Source: KBO- Status
- Active since 22-04-1992Normal situation
- Activity
- Office administrative and support servicesNACE 82100and 2 others
- Establishment unit
- 2.233.500.6209190 Stekene, since 22-04-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Insights on EXPECT
EXPECT files the abbreviated format. That format states no turnover. The gross margin fell from €20,355 in 2006 to -€11,742 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EXPECT
- What is the company number of EXPECT?
- The company number of EXPECT is 0447.232.950. The VAT number is the same number with BE in front: BE 0447.232.950.
- Where is EXPECT based?
- The registered office is at Koewacht 1, 9190 Stekene.Company details
- What does EXPECT do?
- According to the KBO register, the main activity is office administrative and support services (NACE 82100).
- What is the legal form of EXPECT?
- EXPECT is a private limited company (pre-2019) (BVBA).
- When was EXPECT founded?
- EXPECT was founded on 22-04-1992.
- Is EXPECT still active?
- Yes, EXPECT is an active enterprise in the KBO register.
- How many employees does EXPECT have?
- EXPECT had an average of 1 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of EXPECT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
- Is EXPECT profitable?
- In financial year 2025, EXPECT made a loss of €24,648.
- Where can I find the annual accounts of EXPECT?
- EXPECT filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXPECT due?
- EXPECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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