Expergy
ActiveSummary
Expergy has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€27,450) and a net result of €2,415. Equity is shrinking by ~47% per year across the filed fiscal years. Its solvency ranks better than 8% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-4
Solvency12▲+12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.19 against 0.64 in 2023; short-term debt: 113.5% and cash: 1.4% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← 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
-13.5%
Return on assets
1.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 11620 sector peers (2024).
NBB · sector comparisonPosition among 11620 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
91 d late
2022
60 d late
2021
71 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€27,450▲ 8.1%
2023 · -€29,864
Total assets
€203,644▲ 279%
2023 · €53,676
Net result
€2,415▲ 3.2%
2023 · €2,339
Working capital
-€186,386▼ 524%
2023 · -€29,864
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€20,368▼ 2,811%-€13,102▲ 35.7%-€21,726▼ 65.8%€2,512€3,395▲ 35.1%
Net result-€18,124below the sector's middle half▼ 1,577%-€13,242below the sector's middle half▲ 26.9%-€21,865below the sector's middle half▼ 65.1%€2,339within the sector's middle half€2,415within the sector's middle half▲ 3.2%
Equity€2,903below the sector's middle half▼ 86.2%-€10,339below the sector's middle half-€32,203below the sector's middle half▼ 211%-€29,864below the sector's middle half▲ 7.3%-€27,450below the sector's middle half▲ 8.1%
Total assets€128,111within the sector's middle half▼ 11.2%€74,514within the sector's middle half▼ 41.8%€31,526below the sector's middle half▼ 57.7%€53,676below the sector's middle half▲ 70.3%€203,644within the sector's middle half▲ 279%
Debt€125,208▲ 1.6%€84,853▼ 32.2%€63,729▼ 24.9%€83,541▲ 31.1%€231,094▲ 177%
Working capital-€50,722below the sector's middle half▲ 4.3%-€44,073below the sector's middle half▲ 13.1%-€46,047below the sector's middle half▼ 4.5%-€29,864below the sector's middle half▲ 35.1%-€186,386below the sector's middle half▼ 524%
Solvency2.3%below the sector's middle half▼ 12.3pp-13.9%below the sector's middle half▼ 16.1pp-102.1%below the sector's middle half▼ 88.3pp-55.6%below the sector's middle half▲ 46.5pp-13.5%below the sector's middle half▲ 42.2pp
Current ratio0.59below the sector's middle half▲ 0.020.48below the sector's middle half▼ 0.110.28below the sector's middle half▼ 0.200.64below the sector's middle half▲ 0.370.19below the sector's middle half▼ 0.45
Return on assets (ROA)-14.1%below the sector's middle half▼ 13.4pp-17.8%below the sector's middle half▼ 3.6pp-69.4%below the sector's middle half▼ 51.6pp4.4%within the sector's middle half▲ 73.7pp1.2%within the sector's middle half▼ 3.2pp
Staff (FTE)1.24▲ 233%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 35% above 2023 and is the highest result in the available series.
Balance-sheet composition
Assets €203,644
Fixed assets
€158,937
Current assets
€44,707
Key figures and ratios
EBITDA
€9,271▲
2023 · €2,512
Cash flow
€8,291▲
2023 · €2,339
Debt to equity
-8.42▼
2023 · -2.80
Interest coverage
10.44▼
2023 · 14.48
Debt ≤ 1 year
€231,094▲
2023 · €83,541
Income taxes
€270
Staff costs
€306,187▲
2023 · €89,582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,379 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €89,582 | €306,187 | ▲ 242% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,420 | €19,891 | €19,891 | €0 | €5,876 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €360 | €0 | - | - |
| Other operating charges640/8 | - | €523 | €526 | €924 | €603 | ▼ 34.8% |
| Gross operating margin9900 | €592 | €7,312 | -€949 | €93,018 | €316,061 | ▲ 240% |
| Operating profit (loss)9901 | -€20,368 | -€13,102 | -€21,726 | €2,512 | €3,395 | ▲ 35.1% |
| Financial income75/76B | - | - | €0 | €0 | €178 | - |
| Recurring financial income75 | €2,391 | - | €0 | €0 | €178 | - |
| Financial charges65/66B | - | €140 | €138 | €173 | €888 | ▲ 412% |
| Recurring financial charges65 | €147 | €140 | €138 | €173 | €888 | ▲ 412% |
| Profit (loss) for the period before taxes9903 | -€18,124 | -€13,242 | -€21,865 | €2,339 | €2,685 | ▲ 14.8% |
| Income taxes67/77 | - | - | - | - | €270 | - |
| Profit (loss) for the period9904 | -€18,124 | -€13,242 | -€21,865 | €2,339 | €2,415 | ▲ 3.2% |
| Profit (loss) for the period to be appropriated9905 | -€18,124 | -€13,242 | -€21,865 | €2,339 | €2,415 | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,111 | €74,514 | €31,526 | €53,676 | €203,644 | ▲ 279% |
| Fixed assets21/28 | €53,625 | €33,734 | €13,843 | €0 | €158,937 | - |
| Tangible fixed assets22/27 | €53,625 | €33,734 | €13,843 | €0 | €153,829 | - |
| Plant, machinery and equipment23 | - | €30,607 | €11,499 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | - | €147,157 | - |
| Other tangible fixed assets26 | - | €3,127 | €2,344 | €0 | €6,672 | - |
| Financial fixed assets28 | - | - | - | - | €5,108 | - |
| Current assets29/58 | €74,486 | €40,780 | €17,683 | €53,676 | €44,707 | ▼ 16.7% |
| Stocks and contracts in progress3 | €25,320 | €17,872 | €12,122 | €0 | - | - |
| Stocks30/36 | - | €17,872 | €12,122 | €0 | - | - |
| Amounts receivable within one year40/41 | €436 | €681 | €154 | €52,851 | €41,774 | ▼ 21.0% |
| Trade receivables40 | - | €645 | - | €52,851 | €41,774 | ▼ 21.0% |
| Other amounts receivable41 | - | €36 | €154 | €0 | - | - |
| Cash at bank and in hand54/58 | €41,651 | €15,149 | €2,578 | €826 | €2,933 | ▲ 255% |
| Deferred charges and accrued income490/1 | - | €7,079 | €2,829 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,111 | €74,514 | €31,526 | €53,676 | €203,644 | ▲ 279% |
| Equity10/15 | €2,903 | -€10,339 | -€32,203 | -€29,864 | -€27,450 | ▲ 8.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,508 | €3,508 | €3,508 | €3,508 | €3,508 | = |
| Non-distributable reserves130/1 | - | €175 | €175 | €175 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €175 | €175 | €175 | €0 | ▼ 100% |
| Distributable reserves133 | - | €3,332 | €3,332 | €3,332 | €3,508 | ▲ 5.3% |
| Profit (loss) carried forward14 | -€19,204 | -€32,446 | -€54,311 | -€51,972 | -€49,557 | ▲ 4.6% |
| Amounts payable17/49 | €125,208 | €84,853 | €63,729 | €83,541 | €231,094 | ▲ 177% |
| Amounts payable within one year42/48 | €125,208 | €84,853 | €63,729 | €83,541 | €231,094 | ▲ 177% |
| Trade debts44 | €3,294 | €3,085 | €145 | €11,156 | €26,083 | ▲ 134% |
| Suppliers440/4 | - | €3,085 | €145 | €11,156 | €26,083 | ▲ 134% |
| Taxes, remuneration and social security45 | - | €1,012 | - | €20,819 | €56,445 | ▲ 171% |
| Taxes450/3 | - | €1,012 | - | €3,358 | €2,986 | ▼ 11.1% |
| Remuneration and social security454/9 | - | - | - | €17,460 | €53,459 | ▲ 206% |
| Other amounts payable47/48 | - | €80,756 | €63,584 | €51,566 | €148,566 | ▲ 188% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,124 | -€13,242 | -€21,865 | €2,339 | €2,415 | ▲ 3.2% |
| + Depreciation and write-downs630 | €20,420 | €19,891 | €19,891 | €0 | €5,876 | - |
| Operating cash flow (approximation) | €2,296 | €6,649 | -€1,974 | €2,339 | €8,291 | ▲ 254% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €13,843 | -€164,813 | ▼ 1,291% |
| Change in cash | - | -€26,503 | -€12,571 | -€1,752 | €2,108 | ▲ 220% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Back to profitnet €2,339
Net result €2,339 after 4 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Weakest financial yearnet -€21,865
Net result drops to -€21,865, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 43 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 acts for this company are 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, Gent · 1 establishment unit since 2015
Ground area
5,630 m²
Building footprint
2,545 m²
Volume, LiDAR
22,261 m³
Parcel 44062A0307/00T000, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Expergy
since 20152.242.738.483
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0307/00T000 | Flanders | 5,630 m² | 1 · 2,545 m² | 13.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 1,306 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
46190Agents in non-specialised wholesale trade
73200Market research and public opinion polling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0631993206
Also
9925:BE0631993206
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.