Equity
EXPECT has made a profit without a break since 2014.
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| EXPECT Grez-Doiceau | €441,711 | €91,440 | 84.3% | - |
| TEN EECKE Zwevegem | €367,966 | €94,907 | 83.5% | - |
| MOYAERT & PARTNERS Ghent | €458,861 | €105,639 | 87.7% | - |
| CELIDEX Nivelles | €345,328 | €71,780 | 88.9% | - |
| BECA Braine-l'Alleud | €342,032 | €92,232 | 71.6% | - |
| DIRIBO Lochristi | €474,761 | €105,483 | 79.7% | - |
| INDUTEX Kontich | €560,153 | €89,398 | 97.7% | - |
These companies have the same main activity as EXPECT: risk and damage evaluation (NACE 66210). They are comparable in size and age: total assets between €342,000 and €560,000, founded between 1991 and 2003.
EXPECT files the micro format. That format states no turnover. The gross margin rose from €73,378 in 2007 to €91,440 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 83% of 3,343 companies in 2025.
Higher than 49% of 3,284 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
441,711 | 409,068 | 473,119 | 441,033 | 392,455 | 395,609 | 343,573 | 351,975 | 348,679 | 347,180 | 376,077 | 362,335 | 255,172 | 233,456 | 244,580 | 208,108 | 75,721 | 70,816 | |
20 |
- | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | 0 | 0 | - | - | - | |
21/28 |
191,663 | 202,411 | 218,849 | 238,378 | 178,885 | 197,121 | 216,444 | 255,659 | 276,281 | 292,724 | 311,426 | 331,495 | 200,046 | 213,575 | 224,905 | 193,623 | 50,486 | 54,692 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 162 | - | - | |
22/27 |
191,663 | 202,411 | 218,849 | 238,378 | 178,885 | 197,121 | 216,444 | 255,659 | 276,281 | 292,724 | 311,426 | 331,495 | 200,046 | 213,575 | 224,905 | 193,461 | 50,486 | 54,692 | |
22 |
189,459 | 198,367 | 216,248 | 234,128 | 178,125 | 197,121 | 216,117 | 254,110 | 273,106 | 292,102 | 311,188 | 330,890 | 198,702 | 211,514 | 223,162 | 191,147 | 46,949 | 50,671 | |
23 |
- | - | - | - | - | - | - | - | 154 | 308 | 0 | 129 | 547 | 943 | 1,158 | 851 | 1,277 | 1,702 | |
24 |
2,204 | 4,044 | 2,602 | 4,250 | 761 | - | 327 | 1,550 | 3,021 | 314 | 238 | 476 | 797 | 1,117 | 585 | 1,463 | 2,260 | 2,319 | |
29/58 |
250,049 | 206,657 | 254,270 | 202,655 | 213,569 | 198,488 | 127,129 | 96,316 | 72,399 | 54,456 | 64,652 | 30,840 | 55,126 | 19,881 | 19,675 | 14,485 | 25,236 | 16,124 | |
29 |
144,471 | - | - | - | - | - | - | - | - | - | - | 26,431 | - | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | - | - | - | 26,431 | - | - | - | - | - | - | |
291 |
144,471 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
3 |
- | 1,632 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
- | 1,632 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
69,895 | 160,553 | 151,117 | 153,033 | 167,208 | 160,088 | 119,462 | 70,195 | 59,514 | 51,899 | 59,888 | - | 48,784 | 13,913 | 13,043 | 4,323 | 22,317 | 7,189 | |
40 |
69,895 | 33,779 | 30,642 | 72,306 | 100,422 | 93,539 | 98,609 | 70,195 | 59,514 | 51,899 | 59,888 | - | 6,964 | 12,431 | 3,599 | 3,419 | 17,531 | 4,244 | |
41 |
- | 126,775 | 120,475 | 80,727 | 66,786 | 66,549 | 20,854 | - | - | - | - | - | 41,820 | 1,482 | 9,444 | 904 | 4,787 | 2,945 | |
54/58 |
33,872 | 38,867 | 97,218 | 47,983 | 44,766 | 36,852 | 4,975 | 25,425 | 11,330 | 2,557 | 4,764 | 4,409 | 6,341 | 5,967 | 6,632 | 10,162 | 2,918 | 8,935 | |
490/1 |
1,811 | 5,605 | 5,934 | 1,639 | 1,594 | 1,549 | 2,691 | 696 | 1,554 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
441,711 | 409,068 | 473,119 | 441,033 | 392,455 | 395,609 | 343,573 | 351,975 | 348,679 | 347,180 | 376,077 | 362,335 | 255,172 | 233,456 | 244,580 | 208,108 | 75,721 | 70,816 | |
10/15 |
372,548 | 351,859 | 354,381 | 306,827 | 268,786 | 230,574 | 198,339 | 151,309 | 116,383 | 96,550 | 93,766 | 92,061 | 128,528 | 144,124 | 152,378 | 136,697 | 70,797 | 63,005 | |
10/11 |
19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
100 |
- | - | - | - | - | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | |
13 |
319,014 | 298,378 | 300,978 | 254,507 | 216,771 | 179,035 | 147,300 | 101,128 | 69,392 | 66,657 | 69,741 | 73,005 | 73,005 | 73,005 | 73,005 | 7,720 | 7,720 | 38,120 | |
130/1 |
- | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | - | - | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | - | - | |
130 |
- | - | - | - | - | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | |
1311 |
- | 1,900 | 1,900 | 1,900 | 1,900 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | - | - | - | - | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | 5,820 | - | - | |
132 |
26,114 | 29,378 | 29,378 | 35,907 | 39,171 | 42,435 | 45,700 | 52,228 | 55,492 | 58,757 | 62,021 | 65,285 | 65,285 | 65,285 | 65,285 | - | - | - | |
133 |
292,900 | 267,100 | 269,700 | 216,700 | 175,700 | 134,700 | 99,700 | 47,000 | 12,000 | 6,000 | - | - | - | - | - | - | 5,820 | 36,220 | |
14 |
34,534 | 34,481 | 34,402 | 33,321 | 33,015 | 32,538 | 32,040 | 31,181 | 27,991 | 10,894 | 5,025 | 56 | 36,523 | 52,118 | 60,373 | 109,977 | 44,077 | 5,885 | |
16 |
8,695 | 9,782 | 9,782 | 11,956 | 13,043 | 14,130 | 15,217 | 17,391 | 18,478 | 19,565 | 20,652 | 21,739 | 21,739 | 21,739 | 21,739 | - | - | - | |
168 |
8,695 | 9,782 | 9,782 | 11,956 | 13,043 | 14,130 | 15,217 | 17,391 | 18,478 | 19,565 | 20,652 | 21,739 | 21,739 | 21,739 | 21,739 | - | - | - | |
17/49 |
60,468 | 47,427 | 108,956 | 122,249 | 110,626 | 150,905 | 130,017 | 183,275 | 213,819 | 231,065 | 261,660 | 248,536 | 104,905 | 67,594 | 70,463 | 71,412 | 4,924 | 7,811 | |
17 |
21,235 | 31,241 | 40,859 | 50,105 | 58,994 | 67,538 | 75,751 | 95,725 | 110,385 | 124,365 | 137,697 | 150,411 | 37,539 | 43,117 | 48,394 | 53,386 | - | - | |
170/4 |
21,235 | 31,241 | 40,859 | 50,105 | 58,994 | 67,538 | 75,751 | 95,725 | 110,385 | 124,365 | 137,697 | 150,411 | 37,539 | 43,117 | 48,394 | 53,386 | - | - | |
42/48 |
38,582 | 16,186 | 68,097 | 72,144 | 51,632 | 83,367 | 54,266 | 87,550 | 102,783 | 106,050 | 123,313 | 98,125 | 67,366 | 24,476 | 22,069 | 18,025 | 4,924 | 7,811 | |
42 |
10,006 | 9,618 | 9,246 | 8,888 | 8,544 | 8,213 | 7,896 | 14,660 | 13,980 | 13,332 | 12,715 | 12,127 | 5,578 | 5,277 | 4,992 | 4,722 | - | 1,153 | |
44 |
1,682 | 4,448 | 4,584 | 3,409 | 12,096 | 2,226 | 5,353 | 715 | 1,324 | 2,766 | 18,615 | 719 | 30,350 | 14,583 | 2,091 | 11,818 | 1,465 | 783 | |
440/4 |
1,682 | 4,448 | 4,584 | 3,409 | 12,096 | 2,226 | 5,353 | 715 | 1,324 | 2,766 | 18,615 | 719 | 30,350 | 14,583 | 2,091 | 11,818 | 1,465 | 783 | |
45 |
26,895 | 2,120 | 38,267 | 27,847 | 30,993 | 25,928 | 16,018 | 27,315 | 15,131 | 11,014 | 13,045 | 13,521 | 11,438 | 3,560 | 14,986 | 1,485 | 3,100 | - | |
450/3 |
26,895 | 2,120 | 38,267 | 27,847 | 30,993 | 25,928 | 16,018 | 27,315 | 15,131 | 11,014 | 13,045 | 13,521 | 8,438 | 551 | 14,986 | 1,485 | 3,100 | - | |
454/9 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,000 | 3,010 | - | - | - | - | |
47/48 |
- | - | 16,000 | 32,000 | - | 47,000 | 25,000 | 44,860 | 72,348 | 78,938 | 78,938 | 71,758 | 20,000 | 1,057 | - | - | 360 | 5,875 | |
492/3 |
650 | - | - | - | - | - | - | - | 650 | 650 | 650 | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | 152,450 | 197,217 | 225,028 | 156,690 | 166,163 | 139,356 | 172,995 | 150,476 | 177,533 | 165,889 | 152,917 | 183,592 | 161,927 | 183,259 | 145,425 | 165,245 | 113,052 | |
76A |
- | 1,570 | 22,310 | - | - | - | - | 1,038 | 417 | 277 | 30 | 3,719 | 987 | 171 | 6,266 | 87,188 | - | - | |
9900 |
91,440 | 65,679 | 167,580 | 127,747 | 91,521 | 100,515 | 77,666 | 102,084 | 73,797 | 50,550 | 49,544 | 9,831 | 40,408 | 29,289 | 56,720 | 19,993 | 58,505 | 73,378 | |
60/61 |
- | 106,683 | 80,945 | 105,959 | 70,176 | 71,820 | 76,184 | 85,022 | 97,825 | 126,983 | 116,346 | 143,086 | 143,184 | 132,639 | 126,538 | 125,432 | 106,741 | 39,674 | |
62 |
- | - | 8,950 | 4,785 | 1,652 | 2,132 | 515 | 7,007 | 13,849 | 13,601 | 14,430 | 13,808 | 13,126 | 12,221 | 8,469 | 7,459 | 6,395 | 49,175 | |
630 |
20,065 | 19,840 | 19,529 | 19,629 | 19,058 | 19,323 | 19,829 | 20,621 | 20,621 | 19,556 | 20,069 | 13,551 | 13,917 | 14,550 | 14,518 | 12,769 | 5,457 | 5,040 | |
640/8 |
2,502 | 2,216 | 1,915 | 5,810 | 2,173 | 5,022 | 1,574 | 1,654 | 1,628 | 1,492 | 1,094 | 556 | 1,226 | 927 | 3,107 | 3,236 | 3,033 | 2,097 | |
66A |
- | - | - | - | 588 | - | - | - | - | 89 | - | - | - | - | 2,093 | - | - | 247 | |
9901 |
68,873 | 43,623 | 137,186 | 97,523 | 68,050 | 74,037 | 55,748 | 72,802 | 37,698 | 15,901 | 13,951 | -18,084 | 12,139 | 1,590 | 30,625 | -3,471 | 43,620 | 17,065 | |
75/76B |
4 | 0 | 0 | 0 | 1 | 101 | 1,663 | 1,038 | 0 | 51 | - | 1 | 8 | 7 | 10 | 1,450 | 33 | - | |
75 |
4 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 0 | 51 | - | 1 | 8 | 7 | 10 | 1,450 | 33 | - | |
76B |
- | - | - | - | - | 100 | 1,662 | 1,038 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,596 | 2,200 | 2,539 | 2,861 | 3,028 | 3,427 | 3,792 | 5,133 | 5,779 | 6,362 | 7,165 | 2,725 | 2,731 | 3,211 | 3,300 | 1,724 | 173 | 318 | |
65 |
1,596 | 2,200 | 2,539 | 2,861 | 3,028 | 3,427 | 3,792 | 5,133 | 5,779 | 6,362 | 7,165 | 2,725 | 2,731 | 3,211 | 3,300 | 1,724 | 173 | 318 | |
9903 |
67,281 | 41,424 | 134,646 | 94,663 | 65,023 | 70,710 | 53,619 | 68,707 | 32,337 | 9,779 | 6,816 | -17,089 | 10,403 | -1,443 | 31,509 | 83,444 | 43,479 | 16,500 | |
780 |
1,087 | - | 2,174 | 1,087 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
67/77 |
24,978 | 13,946 | 38,267 | 25,708 | 27,898 | 17,563 | 12,166 | 24,868 | 13,591 | 8,081 | 6,198 | 378 | 5,999 | 6,812 | 10,639 | 17,544 | 5,287 | 10,616 | |
9904 |
43,390 | 27,478 | 98,553 | 70,042 | 38,212 | 54,235 | 42,539 | 44,926 | 19,833 | 2,784 | 1,705 | -17,467 | 4,404 | -8,255 | 20,870 | 65,899 | 38,192 | 5,885 | |
789 |
3,264 | - | 6,529 | 3,264 | 3,264 | 3,264 | 3,264 | 3,264 | 3,264 | 3,264 | 3,264 | - | - | - | - | - | 30,400 | - | |
9905 |
46,654 | 27,478 | 105,082 | 73,306 | 41,476 | 57,499 | 45,804 | 48,190 | 23,097 | 6,049 | 4,969 | -17,467 | 4,404 | -8,255 | 20,870 | 65,899 | 68,592 | 5,885 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
81,134 | 61,881 | 138,402 | 106,321 | 74,015 | 89,538 | 77,740 | 76,181 | 33,991 | 11,074 | 5,025 | 19,056 | 56,523 | 52,118 | 60,373 | 109,977 | 74,477 | 32,505 | |
14P |
34,481 | 34,402 | 33,321 | 33,015 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
22,700 | 30,000 | 35,000 | 12,000 | - | - | - | - | - | 5,820 | - | - | - | - | - | - | 30,400 | - | |
691/2 |
46,600 | 27,400 | 88,000 | 53,000 | 41,000 | 35,000 | 22,700 | 35,000 | 6,000 | 6,000 | - | - | - | - | - | - | 30,400 | 26,620 | |
6921 |
46,600 | 27,400 | 88,000 | 53,000 | 41,000 | 35,000 | 22,700 | 35,000 | 6,000 | 6,000 | - | - | - | - | - | - | 30,400 | 26,620 | |
694/7 |
22,700 | 30,000 | 51,000 | 32,000 | - | 22,000 | 23,000 | 10,000 | - | - | - | 19,000 | 20,000 | - | - | - | 30,400 | - | |
694 |
22,700 | 30,000 | 35,000 | 12,000 | - | - | - | - | - | - | - | 19,000 | 20,000 | - | - | - | - | - | |
695 |
- | - | 16,000 | 20,000 | - | 22,000 | 23,000 | 10,000 | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||
The accounts for 6 older financial years (2001-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 23-10-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 23-10-2025 | 2025-00550363 | |
| 31-03-2024 | micro format | 21-10-2024 | 2024-00510637 | |
| 31-03-2023 | micro format | 02-10-2023 | 2023-00465126 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20483301 | |
| 31-03-2021 | micro format | 29-11-2021 | 2021-79200134 | |
| 31-03-2020 | micro format | 16-11-2020 | 2020-70600252 | |
| 31-03-2019 | micro format | 24-10-2019 | 2019-71300465 | |
| 31-03-2017 | full format | 17-10-2017 | 2017-67300432 | |
| 31-03-2016 | full format | 04-10-2016 | 2016-64600254 | |
| 31-03-2015 | full format | 29-09-2015 | 2015-61500351 | |
| 31-03-2014 | full format | 23-09-2014 | 2014-59600109 | |
| 31-03-2013 | full format | 31-07-2013 | 2013-38600390 | |
| 31-03-2012 | full format | 18-09-2012 | 2012-56800226 | |
| 31-03-2011 | full format | 20-09-2011 | 2011-55200260 | |
| 31-03-2010 | full format | 16-09-2010 | 2010-54500244 | |
| 31-03-2009 | full format | 27-10-2009 | 2009-83500289 | |
| 31-03-2008 | full format | 12-09-2008 | 2008-73000200 | |
| 31-03-2007 | full format | 12-09-2007 | 2007-72100326 | |
| 31-03-2006 | full format | 29-09-2006 | 2006-81503736 | |
| 31-03-2005 | full format | 18-11-2005 | 2005-86401660 | |
| 31-03-2004 | full format | 06-12-2004 | 2004-83405145 | |
| 31-03-2003 | full format | 24-09-2004 | 2004-66500407 | |
| 31-03-2002 | full format | 19-12-2002 | 2002-77701733 | |
| 31-03-2001 | full format | 18-09-2001 | 2001-57004374 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,317 | 3,401 | 0 | 79,121 | 822 | 0 | - | 0 | 4,178 | 854 | 0 | 145,000 | 388 | 3,220 | 45,127 | 186,914 | 1,251 | 1,819 | ||
| -4,995 | -58,351 | 49,235 | 3,216 | 7,915 | 31,876 | - | 14,094 | 8,773 | -2,207 | 355 | -1,932 | 374 | -664 | -3,530 | 7,243 | -6,016 | - | ||
| - | 28.6% | 69.6% | 43.3% | 43.4% | 44.6% | 40.0% | 42.1% | 25.1% | 9.0% | 8.4% | -11.8% | 6.6% | 1.0% | 16.7% | -2.4% | 26.4% | 15.1% | ||
| 84.3% | 86.0% | 74.9% | 69.6% | 68.5% | 58.3% | 57.7% | 43.0% | 33.4% | 27.8% | 24.9% | 25.4% | 50.4% | 61.7% | 62.3% | 65.7% | 93.5% | 89.0% | ||
| 11.6% | 7.8% | 27.8% | 22.8% | 14.2% | 23.5% | 21.4% | 29.7% | 17.0% | 2.9% | 1.8% | -19.0% | 3.4% | -5.7% | 13.7% | 48.2% | 53.9% | 9.3% | ||
| 9.8% | 6.7% | 20.8% | 15.9% | 9.7% | 13.7% | 12.4% | 12.8% | 5.7% | 0.8% | 0.5% | -4.8% | 1.7% | -3.5% | 8.5% | 31.7% | 50.4% | 8.3% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €9,317 | €3,401 | - | €79,121 |
| €20,065 | €19,840 | €19,529 | €19,629 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 58% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 11.6% to 13.7%. Equity and debt are higher.
EXPECT has no parent and no holdings in its annual accounts. is the only director. EXPECT shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Av.Cte Jean Dumonceau 3 registered office 1390 Grez-Doiceau 4100106 General construction of residential buildings | 10-03-2000 | 2.093.694.124 |
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