Expliciet
ActiveSummary
Expliciet has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €978k and a net result of €816k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency62▼-9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.79 in 2024; short-term debt: 58.3% and cash: 21.1% of total assets), but 62.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
37.2%
Return on assets
31.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
14 d early
2021
24 d early
2020
3 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€978k=
2024 · €978k
2018: €264klowest in 8 years
2019: €406k▲ +53.7% vs 2018
2020: €568k▲ +39.8% vs 2019
2021: €845k▲ +48.9% vs 2020
2022: €1.05M▲ +23.7% vs 2021highest in 8 years
2023: €978k▼ -6.5% vs 2022
2024: €978k● 0.0% vs 2023
2025: €978k● 0.0% vs 2024
2018 → 2025
Total assets
€2.63M▲ 24.5%
2024 · €2.11M
2018: €962klowest in 8 years
2019: €1.28M▲ +32.7% vs 2018
2020: €1.44M▲ +12.6% vs 2019
2021: €1.83M▲ +27.2% vs 2020
2022: €1.97M▲ +7.7% vs 2021
2023: €2.03M▲ +3.2% vs 2022
2024: €2.11M▲ +3.8% vs 2023
2025: €2.63M▲ +24.5% vs 2024highest in 8 years
2018 → 2025
Net result
€816k▲ 79.4%
2024 · €455k
2018: €132klowest in 8 years
2019: €242k▲ +83.9% vs 2018
2020: €312k▲ +28.9% vs 2019
2021: €438k▲ +40.4% vs 2020
2022: €432k▼ -1.2% vs 2021
2023: €362k▼ -16.3% vs 2022
2024: €455k▲ +25.8% vs 2023
2025: €816k▲ +79.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€841k▲ 8.9%
2024 · €772k
2018: €253klowest in 8 years
2019: €354k▲ +40.0% vs 2018
2020: €520k▲ +46.8% vs 2019
2021: €770k▲ +48.1% vs 2020
2022: €945k▲ +22.8% vs 2021highest in 8 years
2023: €846k▼ -10.4% vs 2022
2024: €772k▼ -8.7% vs 2023
2025: €841k▲ +8.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€845k-€1.05M▲ 23.7%€978k▼ 6.5%€978k=€978k=
2021: €845klowest in 5 years
2022: €1.05M▲ +23.7% vs 2021highest in 5 years
2023: €978k▼ -6.5% vs 2022
2024: €978k● 0.0% vs 2023
2025: €978k● 0.0% vs 2024
Operating result€599k-€592k▼ 1.2%€552k▼ 6.7%€691k▲ 25.2%€1.11M▲ 61.4%
2021: €599k
2022: €592k▼ -1.2% vs 2021
2023: €552k▼ -6.7% vs 2022lowest in 5 years
2024: €691k▲ +25.2% vs 2023
2025: €1.11M▲ +61.4% vs 2024highest in 5 years
Net result€438k-€432k▼ 1.2%€362k▼ 16.3%€455k▲ 25.8%€816k▲ 79.4%
2021: €438k
2022: €432k▼ -1.2% vs 2021
2023: €362k▼ -16.3% vs 2022lowest in 5 years
2024: €455k▲ +25.8% vs 2023
2025: €816k▲ +79.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 61% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.63M
Fixed assets
€252k ▼ 28.5%
Current assets
€2.37M ▲ 35.1%
Equity and liabilities €2.63M
Equity
€978k =
Debt
€1.65M ▲ 45.6%
Debt's share of the balance-sheet total rises from 53.6% to 62.8%. Debt is higher.
Key figures and ratios
EBITDA
€1.15M▲
2024 · €774k
Cash flow
€852k▲
2024 · €539k
Current ratio
1.55▼
2024 · 1.79
Quick ratio
1.55▼
2024 · 1.78
Debt to equity
1.69▲
2024 · 1.16
ROE
83.5%▲
2024 · 46.5%
ROA
31.1%▲
2024 · 21.6%
Interest coverage
23.27▲
2024 · 15.35
Debt ≤ 1 year
€1.53M▲
2024 · €984k
Debt > 1 year
€113k▼
2024 · €145k
Income taxes
€304k▲
2024 · €191k
Staff costs
€1.92M▲
2024 · €1.88M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.11M€2.63M▲
Fixed assets21/28€353k€252k▼
Tangible fixed assets22/27€344k€223k▼
Land and buildings22€193k-
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€69k€70k▲
Other tangible fixed assets26€74k€148k▲
Financial fixed assets28€10k€29k▲
Current assets29/58€1.76M€2.37M▲
Amounts receivable after more than one year29€393k€393k=
Trade receivables290€393k€393k=
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€844k€1.24M▲
Trade receivables40€576k€971k▲
Other amounts receivable41€268k€265k▼
Current investments50/53€127k€127k=
Cash at bank and in hand54/58€363k€553k▲
Deferred charges and accrued income490/1€27k€62k▲
Equity and liabilities
Total equity and liabilities10/49€2.11M€2.63M▲
Equity10/15€978k€978k=
Contributions10/11€19k€19k=
Reserves13€959k€959k=
Distributable reserves133€959k€959k=
Amounts payable17/49€1.13M€1.65M▲
Amounts payable after more than one year17€145k€113k▼
Financial debts170/4€145k€113k▼
Amounts payable within one year42/48€984k€1.53M▲
Current portion of amounts payable after more than one year42€37k€32k▼
Financial debts43€43k€56k▲
Credit institutions430/8€43k€56k▲
Trade debts44€160k€234k▲
Suppliers440/4€160k€234k▲
Taxes, remuneration and social security45€289k€394k▲
Taxes450/3€109k€225k▲
Remuneration and social security454/9€179k€169k▼
Other amounts payable47/48€455k€816k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Non-recurring operating income76A-€253k
Remuneration, social security and pensions62€1.88M€1.92M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€36k▼
Other operating charges640/8€6k€29k▲
Non-recurring operating charges66A-€103k
Gross operating margin9900€2.66M€3.20M▲
Operating profit (loss)9901€691k€1.11M▲
Financial income75/76B€5k€54k▲
Recurring financial income75€5k€54k▲
Financial charges65/66B€50k€49k▼
Recurring financial charges65€50k€49k▼
Profit (loss) for the period before taxes9903€646k€1.12M▲
Income taxes67/77€191k€304k▲
Profit (loss) for the period9904€455k€816k▲
Profit (loss) for the period to be appropriated9905€455k€816k▲
Appropriation of the result
Profit (loss) to be appropriated9906€455k€816k▲
Profit to be distributed694/7€455k€816k▲
Return on contributions (dividend)694€449k€816k▲
Employees696€6k-
Social balance
Average headcount (FTE)908731.930.1▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €200 | - | - | €253k | - |
| Remuneration, social security and pensions62 | €1.06M | €1.38M | €1.68M | €1.88M | €1.92M | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61k | €66k | €71k | €84k | €36k | ▼ 57.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €7k | €-20k | €4k | - | - | - |
| Other operating charges640/8 | €6k | €25k | €7k | €6k | €29k | ▲ 365% |
| Non-recurring operating charges66A | €248 | €166 | - | - | €103k | - |
| Gross operating margin9900 | €1.73M | €2.05M | €2.31M | €2.66M | €3.20M | ▲ 20.3% |
| Operating profit (loss)9901 | €599k | €592k | €552k | €691k | €1.11M | ▲ 61.4% |
| Financial income75/76B | €4k | €40k | €6k | €5k | €54k | ▲ 942% |
| Recurring financial income75 | €4k | €40k | €6k | €5k | €54k | ▲ 942% |
| Financial charges65/66B | €21k | €23k | €38k | €50k | €49k | ▼ 2.0% |
| Recurring financial charges65 | €21k | €23k | €38k | €50k | €49k | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €582k | €609k | €520k | €646k | €1.12M | ▲ 73.5% |
| Income taxes67/77 | €144k | €176k | €158k | €191k | €304k | ▲ 59.3% |
| Profit (loss) for the period9904 | €438k | €432k | €362k | €455k | €816k | ▲ 79.4% |
| Profit (loss) for the period to be appropriated9905 | €438k | €432k | €362k | €455k | €816k | ▲ 79.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.83M | €1.97M | €2.03M | €2.11M | €2.63M | ▲ 24.5% |
| Fixed assets21/28 | €343k | €327k | €317k | €353k | €252k | ▼ 28.5% |
| Tangible fixed assets22/27 | €333k | €317k | €308k | €344k | €223k | ▼ 35.1% |
| Land and buildings22 | €191k | €193k | €189k | €193k | - | - |
| Plant, machinery and equipment23 | - | - | €4k | €7k | €5k | ▼ 37.3% |
| Furniture and vehicles24 | €49k | €52k | €57k | €69k | €70k | ▲ 1.0% |
| Other tangible fixed assets26 | €93k | €73k | €58k | €74k | €148k | ▲ 100% |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €29k | ▲ 206% |
| Current assets29/58 | €1.49M | €1.64M | €1.71M | €1.76M | €2.37M | ▲ 35.1% |
| Amounts receivable after more than one year29 | €142k | €383k | €393k | €393k | €393k | = |
| Trade receivables290 | €142k | €383k | €393k | €393k | €393k | = |
| Stocks and contracts in progress3 | - | €3k | €3k | €3k | €3k | = |
| Stocks30/36 | - | €3k | €3k | €3k | €3k | = |
| Amounts receivable within one year40/41 | €627k | €358k | €862k | €844k | €1.24M | ▲ 46.4% |
| Trade receivables40 | €339k | €312k | €581k | €576k | €971k | ▲ 68.6% |
| Other amounts receivable41 | €288k | €46k | €281k | €268k | €265k | ▼ 1.1% |
| Current investments50/53 | €127k | €127k | €127k | €127k | €127k | = |
| Cash at bank and in hand54/58 | €569k | €737k | €281k | €363k | €553k | ▲ 52.3% |
| Deferred charges and accrued income490/1 | €21k | €35k | €49k | €27k | €62k | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.83M | €1.97M | €2.03M | €2.11M | €2.63M | ▲ 24.5% |
| Equity10/15 | €845k | €1.05M | €978k | €978k | €978k | = |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €827k | €1.03M | €959k | €959k | €959k | = |
| Distributable reserves133 | €827k | €1.03M | €959k | €959k | €959k | = |
| Amounts payable17/49 | €983k | €924k | €1.05M | €1.13M | €1.65M | ▲ 45.6% |
| Amounts payable after more than one year17 | €267k | €225k | €182k | €145k | €113k | ▼ 22.0% |
| Financial debts170/4 | €267k | €225k | €182k | €145k | €113k | ▼ 22.0% |
| Amounts payable within one year42/48 | €716k | €697k | €869k | €984k | €1.53M | ▲ 55.7% |
| Current portion of amounts payable after more than one year42 | €45k | €42k | €43k | €37k | €32k | ▼ 12.3% |
| Financial debts43 | €30k | €33k | €61k | €43k | €56k | ▲ 27.8% |
| Credit institutions430/8 | €30k | €33k | €61k | €43k | €56k | ▲ 27.8% |
| Trade debts44 | €267k | €163k | €191k | €160k | €234k | ▲ 46.2% |
| Suppliers440/4 | €267k | €163k | €191k | €160k | €234k | ▲ 46.2% |
| Taxes, remuneration and social security45 | €213k | €273k | €211k | €289k | €394k | ▲ 36.5% |
| Taxes450/3 | €85k | €127k | €21k | €109k | €225k | ▲ 106% |
| Remuneration and social security454/9 | €129k | €146k | €190k | €179k | €169k | ▼ 5.8% |
| Other amounts payable47/48 | €160k | €186k | €362k | €455k | €816k | ▲ 79.4% |
| Accrued charges and deferred income492/3 | - | €2k | €4k | €3k | €3k | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €438k | €432k | €362k | €455k | €816k | ▲ 79.4% |
| + Depreciation and write-downs630 | €61k | €66k | €71k | €84k | €36k | ▼ 57.3% |
| Operating cash flow (approximation) | €498k | €499k | €432k | €539k | €852k | ▲ 58.2% |
| Investment in fixed assets (approximation) | - | €-50k | €-61k | €-119k | €65k | ▲ 154% |
| Change in cash | - | €168k | €-456k | €82k | €190k | ▲ 132% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €816k ▲79.4%
Operating result €1.11M, net result €816k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.05M ▲23.7%
5 profitable years in a row build equity to €1.05M.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €568k ▲39.8%
3 profitable years in a row build equity to €568k.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Diepenbeek · 1 establishment unit since 2010
Ground area
1,895 m²
Building footprint
658 m²
Parcel 71402D1112/00P000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
EXPLICIET
since 20102.185.070.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D1112/00P000 | Flanders | 1,895 m² | 1 · 658 m² | 0.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 11,349 EUR awarded · 11,349 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,259 EUR | 3,487 EUR |
| 2024 | 1 | 1,303 EUR | 324 EUR |
| 2023 | 1 | 3,959 EUR | 3,710 EUR |
| 2022 | 1 | 3,828 EUR | 3,828 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400E5ONJZU2FPQM97
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Of 2,784 companies in sector 63910 we hold annual accounts for 698. 268 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
Founded02-02-2010
Fiscal year end31-12
Activities, NACEBEL 2025
63910Web portal activities
73300Public relations and communication consultancy
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
73110Advertising agencies
Contact
Phone
0485103359
Scores and ratios are computed by Checked and are not a credit decision.