Equity
€1.9m ▲ 4.6%
EXPLOTECH has made a profit without a break since 2018.
EXPLOTECH
Lifetime
20 annual accounts with figures on one time axis, 36 filings since 1990peak €1.9m (2015)
€1.5m▼ 10.9%
lowest -€745,715 (2016)
€84,895▼ 86.0%
peak €1.9m (2025)
€1.9m▲ 4.6%
€2.2m▲ 27.1%
peak 66.8 FTE (2011)
23 FTE▲ 44.7%
Board5 names since 2009
2 directorsAlexis Dumortier and 1 other
Owners
14.99%EXPLOGROUP
Documentsfilings and deeds
05-11-202697 days late
2025financial year
Result from €606,981 to €84,895Staff from 15.9 FTE to 23 FTE2 directors appointed 02-092 directors appointed, 1 resignation 15-07Resignation: VGP (daily management delegate) 17-04Debts from €1.8m to €2.2m
Key points
from the 2025 annual accountsResult
€84,895 ▼ 86.0%
The result fell in 2025 from €606,981 to €84,895.
Turnover
≈ €2.3m estimated
The accounts state no turnover.
Investments
€162,943 2.6 × depreciation
Green is investment, beige is depreciation.
Staff
23 FTE from 66.8 in 2011
Between 2011 and 2025, 66% of the full-time equivalents disappeared.
Filings
36 annual accounts 97 days
Latest accounts filed late: after the legal deadline.
Checked score
56
Fair
Financially stronger than 52% of small companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,123 companies (NACE 82, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: 0.1%▲ +0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Last filed accounts filed 97 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 1.55, cash €831,151
Founded in 1989
Equity €1.9m (46.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, small). It does better than 54% of them on solvency, 42% on liquidity, 61% on profitability and 49% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as EXPLOTECH has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EXPLOTECH itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for EXPLOTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €100,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is ample, with a current ratio of 1.55 (2.01 in 2024), above the usual 1.5. Short-term debt is 52.9% and cash 19.9% of total assets. However, 53.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 97 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-11-2026, 97 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
97 days late
2024
2 days early
2023
29 days late
2022
on the day
2021
31 days early
2020
150 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
S
SKYLINE
Director, Cédric MONNAERT, since 13-02-2025
- EXPLOGROUP 14.99%score 95equity €1.3m (2025) · 2025 annual accounts of EXPLOGROUP
Shares in 1 company, PELLE-ARAIGNEE.BE
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0438567385
2 directors appointed
Change of role: AREVENTS, from director to managing director · Appointments: SKYLINE and Alexis Dumortier · General meeting of 19-06-2025 · Gazette deed
2 directors appointed, 1 resignation
Change of role: SRL AREVENTS, from managing director to director · Resignation: SA VPG · Permanent representatives: Arnauld SOUBRY, Vincent PISSART and Cédric MONNAERT · General meeting of 13-02-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EXPLOTECH Manhay | €4.2m | €1.5m | 46.4% | 23 |
| PAPRIVERM Diest | €6.4m | €1.4m | 34.1% | 19.9 |
| Billie Bonkers Ghent | €2.9m | €1.8m | 37.3% | 23.8 |
| Charleroi Entreprendre Charleroi | €5.4m | €2.2m | 22.3% | 25 |
| MEMO Zele | €5.4m | €2.2m | 36.2% | 27.3 |
| Royal Ternesse Golf Club Wommelgem | €4.2m | €2.0m | 30.0% | 20.2 |
| UNIE VAN ZELFSTANDIGE ONDERNEMERS LIMBURG Hasselt | €4.5m | €1.7m | 39.8% | 22.8 |
These companies have the same main activity as EXPLOTECH: other business support services (NACE 82990). They are comparable in size and age: total assets between €2.9m and €6.4m, founded between 1972 and 1995.
Official details
Source: KBO- Status
- Active since 22-09-1989Normal situation
- Activity
- Other business support servicesNACE 82990and 6 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment units
- 2.045.451.0746960 Manhay, since 06-06-1991
- 2.226.005.1916960 Manhay, since 01-12-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Annual accounts 2025
- €4.2m▲ 15.6%
- Employeeson 31-12-2025
- 28▲ 75.0%
- Filing
- Filed on 05-11-2026
Insights on EXPLOTECH
EXPLOTECH has existed since 1989. The gross margin fell from €1.9m in 2015 to €856,746 in 2016.
In September 2025, the Official Gazette published the appointment of AREVENTS as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EXPLOTECH
- What is the company number of EXPLOTECH?
- The company number of EXPLOTECH is 0438.567.385. The VAT number is the same number with BE in front: BE 0438.567.385.
- Where is EXPLOTECH based?
- The registered office is at Chêne-al'Pierre 2, 6960 Manhay.Company details
- What does EXPLOTECH do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of EXPLOTECH?
- EXPLOTECH is a public limited company (NV).
- When was EXPLOTECH founded?
- EXPLOTECH was founded on 22-09-1989.
- Is EXPLOTECH still active?
- Yes, EXPLOTECH is an active enterprise in the KBO register.
- How many employees does EXPLOTECH have?
- EXPLOTECH had an average of 23 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does EXPLOTECH fall under?
- In its 2023 annual accounts, EXPLOTECH states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of EXPLOTECH?
- The turnover in financial year 2025 is ≈ €2.3m. This figure is estimated from the gross margin of €1.5m and 40 comparable companies (NACE 82). It probably lies between €1.8m and €3.4m.
- Is EXPLOTECH profitable?
- In financial year 2025, EXPLOTECH made a profit of €84,895.
- Where can I find the annual accounts of EXPLOTECH?
- EXPLOTECH filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EXPLOTECH due?
- EXPLOTECH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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