EXPERTISE DEVELOPMENT
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
33 d early
2022
28 d early
2021
5 d early
2020
26 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€56,675▼ 35.0%
2023 · €87,248
Working capital
€52,717▲ 585%
2023 · €7,691
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€420▲ 34.3%-€861▼ 105%-€592▲ 31.3%-€689▼ 16.5%-€692▼ 0.5%
Net result-€8,693▲ 5.1%-€8,934▼ 2.8%-€8,312▲ 7.0%€87,248€56,675▼ 35.0%
Equity€474,127▼ 1.8%€465,192▼ 1.9%€456,880▼ 1.8%€544,128▲ 19.1%€600,803▲ 10.4%
Total assets€673,903▼ 0.1%€676,674▲ 0.4%€673,166▼ 0.5%€673,415=€699,692▲ 3.9%
Debt€92,785▲ 22.6%€114,272▲ 23.2%€129,443▲ 13.3%€53,434▼ 58.7%€34,685▼ 35.1%
Working capital-€31,173▼ 162%-€47,188▼ 51.4%-€68,567▼ 45.3%€7,691€52,717▲ 585%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €692 in 2024 against €689 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €699,692
Fixed assets
€612,290 =
Current assets
€87,402 ▲ 43.0%
Equity and liabilities €699,692
Equity
€600,803 ▲ 10.4%
Provisions
€64,204 ▼ 15.4%
Debt
€34,685 ▼ 35.1%
Debt's share of the balance-sheet total falls from 7.9% to 5.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
2.52▲
2023 · 1.14
Debt to equity
0.06▼
2023 · 0.10
ROE
9.4%▼
2023 · 16.0%
ROA
8.1%▼
2023 · 13.0%
Debt ≤ 1 year
€34,685▼
2023 · €53,434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €861 | €592 | €689 | €692 | ▲ 0.5% |
| Operating profit (loss)9901 | -€420 | -€861 | -€592 | -€689 | -€692 | ▼ 0.5% |
| Financial income75/76B | - | - | - | €94,550 | €62,622 | ▼ 33.8% |
| Recurring financial income75 | - | - | - | €94,550 | €62,622 | ▼ 33.8% |
| Financial charges65/66B | - | €8,074 | €7,721 | €6,613 | €5,255 | ▼ 20.5% |
| Recurring financial charges65 | €8,273 | €8,074 | €7,721 | €6,613 | €5,255 | ▼ 20.5% |
| Profit (loss) for the period before taxes9903 | -€8,693 | -€8,934 | -€8,312 | €87,248 | €56,675 | ▼ 35.0% |
| Profit (loss) for the period9904 | -€8,693 | -€8,934 | -€8,312 | €87,248 | €56,675 | ▼ 35.0% |
| Profit (loss) for the period to be appropriated9905 | -€8,693 | -€8,934 | -€8,312 | €87,248 | €56,675 | ▼ 35.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €673,903 | €676,674 | €673,166 | €673,415 | €699,692 | ▲ 3.9% |
| Fixed assets21/28 | €612,290 | €612,290 | €612,290 | €612,290 | €612,290 | = |
| Financial fixed assets28 | €612,290 | €612,290 | €612,290 | €612,290 | €612,290 | = |
| Current assets29/58 | €61,613 | €64,384 | €60,876 | €61,125 | €87,402 | ▲ 43.0% |
| Amounts receivable within one year40/41 | - | - | - | - | €17,072 | - |
| Other amounts receivable41 | - | - | - | - | €17,072 | - |
| Current investments50/53 | €60,700 | €60,700 | €60,700 | €60,700 | €60,700 | = |
| Cash at bank and in hand54/58 | €912 | €3,684 | €176 | €425 | €9,629 | ▲ 2,167% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €673,903 | €676,674 | €673,166 | €673,415 | €699,692 | ▲ 3.9% |
| Equity10/15 | €474,127 | €465,192 | €456,880 | €544,128 | €600,803 | ▲ 10.4% |
| Contributions10/11 | €470,137 | €470,137 | €470,137 | €470,137 | €470,137 | = |
| Capital10 | - | €470,137 | €470,137 | €470,137 | €470,137 | = |
| Issued capital100 | - | €470,137 | €470,137 | €470,137 | €470,137 | = |
| Reserves13 | €53,877 | €53,877 | €53,877 | €53,877 | €84,211 | ▲ 56.3% |
| Non-distributable reserves130/1 | - | €53,877 | €53,877 | €53,877 | €84,211 | ▲ 56.3% |
| Legal reserve130 | - | €20,677 | €20,677 | €20,677 | €23,511 | ▲ 13.7% |
| Own shares acquired1312 | - | €33,200 | €33,200 | €33,200 | €60,700 | ▲ 82.8% |
| Profit (loss) carried forward14 | -€49,887 | -€58,822 | -€67,134 | €20,114 | €46,454 | ▲ 131% |
| Provisions and deferred taxes16 | €106,991 | €97,210 | €86,843 | €75,853 | €64,204 | ▼ 15.4% |
| Provisions for liabilities and charges160/5 | - | €97,210 | €86,843 | €75,853 | €64,204 | ▼ 15.4% |
| Environmental obligations163 | - | - | €86,843 | €75,853 | €64,204 | ▼ 15.4% |
| Other liabilities and charges164/5 | - | €97,210 | - | - | - | - |
| Amounts payable17/49 | €92,785 | €114,272 | €129,443 | €53,434 | €34,685 | ▼ 35.1% |
| Amounts payable within one year42/48 | €92,785 | €111,572 | €129,443 | €53,434 | €34,685 | ▼ 35.1% |
| Trade debts44 | - | €220 | - | €384 | €387 | ▲ 0.8% |
| Suppliers440/4 | - | €220 | - | €384 | €387 | ▲ 0.8% |
| Other amounts payable47/48 | - | €111,352 | €129,443 | €53,050 | €34,297 | ▼ 35.3% |
| Accrued charges and deferred income492/3 | - | €2,700 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,693 | -€8,934 | -€8,312 | €87,248 | €56,675 | ▼ 35.0% |
| Operating cash flow (approximation) | -€8,693 | -€8,934 | -€8,312 | €87,248 | €56,675 | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,771 | -€3,508 | €249 | €9,204 | ▲ 3,598% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.52
Current ratio from 1.14 to 2.52; short-term debt falls from €53,434 to €34,685.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €87,248
Net result €87,248 after 5 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.14
Current ratio from 0.47 to 1.14; short-term debt falls from €129,443 to €53,434.
31-12
Financial
Equity above €500,000Eq €544,128 ▲19.1%
Equity rises from €456,880 to €544,128.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
1 owner · 2 holdings · 3 subsidiaries in the treeChain of control
- TSO GROUP BELGIUM
- EXPERTISE DEVELOPMENT
Highest known parent: TSO GROUP BELGIUM. The sources do not say who stands above it.
Owners 1
- TSO GROUP BELGIUMparent87.74%
Holdings 2
- Sourceown accounts 2024Equity €451,446Result €23,37882.7%
- Sourceown accounts 2024Equity €286,529Result €227,15261%
All subsidiaries, including indirect ones 3
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
CABINET D'EXPERTISES AUTOMOBILES LIEGEOIS 82.7%1 subsidiary
- HOLDES 100%
- Société Anonyme d'Evaluations de Dommages Automobiles 61%
According to the 2024 annual accounts of EXPERTISE DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.