EXPELSA
ActiveEXPELSA has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €14k. Its solvency ranks better than 73% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability94▼-6
Solvency88▲+1
Growth35
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 2.6 in 2023; short-term debt: 36.9% and cash: 11.4% of total assets), and 36.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.1%
Return on assets
18.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
110 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€85k▼ 21.2%
2023 · €107k
2023: €107k
2023 → 2024
EBIT margin
20.4%▼ 18.8pp
2023 · 39.2%
2023: 39.2%
2023 → 2024
Net result
€14k▼ 56.8%
2023 · €33k
2023: €33k
2023 → 2024
Working capital
€48k▲ 43.0%
2023 · €34k
2023: €34k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€107k-€85k▼ 21.2%
Equity€35k-€49k▲ 40.7%
Operating result€42k-€17k▼ 59.1%
Net result€33k-€14k▼ 56.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €77k
Fixed assets
€716▼ 33.3%
Current assets
€77k▲ 40.1%
Equity and liabilities €77k
Equity
€49k▲ 40.7%
Debt
€29k▲ 35.5%
The debt ratio falls from 37.8% to 36.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k
Cash flow
€14k
Solvency
63.1%▲
2023 · 62.2%
Current ratio
2.68▲
2023 · 2.60
Quick ratio
2.68▲
2023 · 2.60
Debt / equity
0.58▼
2023 · 0.61
ROE
28.9%▼
2023 · 94.2%
ROA
18.2%▼
2023 · 58.6%
Interest coverage
327.11
Debt
€29k▲
2023 · €21k
Debt ≤ 1 year
€29k▲
2023 · €21k
Income taxes
€5k▼
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€56k€77k▲
Fixed assets21/28€1k€716▼
Tangible fixed assets22/27€1k€716▼
Furniture and vehicles24-€716
Assets under construction and advance payments27€1k-
Current assets29/58€55k€77k▲
Amounts receivable after more than one year29€23k€23k=
Other amounts receivable291€23k€23k=
Amounts receivable within one year40/41€30k€38k▲
Trade receivables40€7k-
Other amounts receivable41€24k€38k▲
Cash at bank and in hand54/58€1k€9k▲
Deferred charges and accrued income490/1€680€7k▲
Equity and liabilities
Total equity and liabilities10/49€56k€77k▲
Equity10/15€35k€49k▲
Contributions10/11€2k€2k=
Reserves13€32k€46k▲
Non-distributable reserves130/1€32k€46k▲
Other1319€32k€46k▲
Profit (loss) carried forward14€672€772▲
Amounts payable17/49€21k€29k▲
Amounts payable within one year42/48€21k€29k▲
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Taxes, remuneration and social security45€14k€21k▲
Taxes450/3€14k€21k▲
Income statement
Code20232024
Turnover70€107k€85k▼
Goods, raw materials, services and sundry goods60/61€74k€73k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€358
Other operating charges640/8€1k€3k▲
Gross operating margin9900€43k€20k▼
Operating profit (loss)9901€42k€17k▼
Financial income75/76B€900€2k▲
Recurring financial income75€900€2k▲
Non-recurring financial income76B€900-
Financial charges65/66B€4€54▲
Recurring financial charges65€4€54▲
Non-recurring financial charges66B€4-
Profit (loss) for the period before taxes9903€43k€20k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€33k€14k▼
Profit (loss) for the period to be appropriated9905€33k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€15k▼
Profit (loss) brought forward from the previous period14P-€672
Transfer to equity691/2€32k€14k▼
To other reserves6921€32k€14k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 110 days late
NBB filing
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, Mons
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.
Rue Lloyd George 627012 MonsGround area
237 m²
Building footprint
68 m²
Volume, LiDAR
630 m³
Parcel 53043B1112/00Y011, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53043B1112/00Y011 | Wallonia | 237 m² | 1 · 68 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FYRA
BE 0799.523.092
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VDP Vastgoed
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HOME PROPERTIES
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,856 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-10-2022
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.