EXPLOTECH

Active Public limited companyfounded 1989active for 37 yearsChêne-al'Pierre 2, 6960 ManhayKBO/BCE: BE 0438.567.385 #3 employer in Manhay

EXPLOTECH

Financial year 2025

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Annual accounts 2025

full format, filed on 05-11-2026, 97 days late

€1.5m

▼ 10.9%

€128,695

▼ 84.8%

€84,895

▼ 86.0%

€1.2m

▼ 29.9%

46.4%

▼ 4.9 percentage points

1.55

▼ 0.46

The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.3m. Estimated: probably between €1.8m and €3.4m.

In the rankings #3 employer in Manhay #4 company by staff growth in the province of Luxembourg, Administrative and support services sector #6 company by total assets in the province of Luxembourg, Office administrative support sector

Balance sheet

balance sheet total €4.2m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

46.4%

Higher than 51% of 1,168 companies in 2025.

1.55

Higher than 51% of 1,125 companies in 2025.

2.0%

Higher than 47% of 1,157 companies in 2025.

EXPLOTECH Middle half of the sector 80% of the sector Full accounts in office administrative support (NACE 82)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter

Staff

€57,234

Staff costs divided by the average number of full-time equivalents.

+12 people

contracts started contracts ended

In 2025, 32 people joined and 20 left. Training hours in 2025: 112.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	4.2m	3.6m	2.8m	2.5m	1.8m	1.5m	1.8m	1.4m	1.1m	2.2m	2.9m	3.3m	3.4m	2.7m	2.5m	1.9m	1.8m	1.9m	1.6m	1.1m
`21/28`	756,171	178,429	241,848	243,998	194,480	115,624	87,969	119,514	127,370	127,876	174,231	470,389	707,456	780,872	563,718	478,904	516,593	536,585	611,878	232,224
`21`	3,609	5,634	7,659	9,684	-	-	-	-	-	-	0	-	0	0	0	0	0	28	3,485	7,864
`22/27`	162,406	101,246	175,289	166,984	150,334	80,096	52,769	79,111	106,028	115,757	166,674	465,588	702,656	776,072	563,174	478,361	516,049	536,014	608,220	222,361
`22`	-	-	-	-	-	-	40,949	45,716	45,716	10,716	10,716	10,716	188,390	207,759	250,841	274,083	298,674	321,723	350,739	40,310
`23`	90,575	-	39,816	56,425	73,035	-	-	-	2,201	13,200	32,869	45,035	24,544	15,897	29,280	6,264	14,294	8,671	25,167	26,559
`24`	71,831	101,246	135,473	110,558	77,299	80,096	11,820	33,395	58,110	91,841	123,089	124,810	157,127	184,633	152,374	50,768	34,427	14,146	12,021	32,040
`26`	-	-	-	-	-	-	-	-	-	-	0	-	15,898	15,898	-	-	-	-	0	99,190
`28`	590,156	71,550	58,900	67,331	44,147	35,528	35,200	40,402	21,342	12,119	7,557	4,801	4,801	4,801	544	544	544	544	174	1,999
`29/58`	3.4m	3.4m	2.5m	2.2m	1.7m	1.4m	1.7m	1.3m	943,647	2.1m	2.7m	2.9m	2.7m	2.0m	1.9m	1.4m	1.3m	1.3m	988,164	819,167
`3`	1.1m	663,506	425,659	420,608	424,264	340,677	613,840	561,278	436,200	741,106	878,612	349,477	690,448	767,071	561,367	517,162	175,707	190,683	6,828	0
`30/36`	694,427	410,569	-	-	-	-	613,840	561,278	436,200	741,106	878,612	349,477	690,448	767,071	561,367	517,162	175,707	190,683	6,828	0
`37`	377,734	252,937	425,659	420,608	424,264	340,677	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`40/41`	1.5m	1.1m	1.0m	1.1m	897,214	609,762	976,529	593,422	327,688	1.1m	1.8m	2.2m	1.9m	1.1m	1.2m	697,642	947,139	908,570	623,203	448,226
`40`	1.4m	1.0m	994,281	989,248	843,711	553,463	939,291	542,097	300,108	1.0m	1.7m	2.1m	1.8m	1.1m	1.1m	597,446	851,645	861,364	569,264	403,672
`41`	84,747	53,343	27,159	69,809	53,503	56,299	37,238	51,326	27,581	55,106	103,158	121,195	100,611	52,390	123,256	100,196	95,494	47,206	53,939	44,554
`54/58`	831,151	1.6m	991,096	640,351	318,399	454,135	65,359	171,876	179,758	262,972	4,860	287,434	77,603	88,022	88,350	213,770	205,187	213,721	340,785	366,452
`490/1`	44,412	86,715	86,402	96,716	15,421	13,006	21,266	-	-	-	0	-	0	570	0	0	3,543	469	17,348	4,488
Balance sheet: equity and liabilities
`10/49`	4.2m	3.6m	2.8m	2.5m	1.8m	1.5m	1.8m	1.4m	1.1m	2.2m	2.9m	3.3m	3.4m	2.7m	2.5m	1.9m	1.8m	1.9m	1.6m	1.1m
`10/15`	1.9m	1.8m	1.2m	861,421	715,764	450,222	377,991	244,872	-195,257	-7,695	738,020	1.5m	1.5m	1.3m	1.1m	798,939	726,321	510,365	383,421	299,456
`10/11`	437,968	437,968	437,968	437,968	437,968	437,968	437,968	437,968	264,868	64,868	64,868	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000
`10`	437,968	437,968	437,968	437,968	437,968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	437,968	437,968	437,968	437,968	437,968	437,968	437,968	437,968	264,868	64,868	64,868	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000	70,000
`12`	-	-	-	-	-	-	11,900	11,900	35,000	-	-	-	-	-	-	-	-	-	-	-
`13`	1.5m	1.4m	43,797	43,797	43,797	6,487	43,987	43,987	43,987	43,987	403,987	155,445	133,061	142,901	74,443	77,770	81,467	85,575	90,138	113,959
`130/1`	443,797	43,797	43,797	43,797	43,797	6,487	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	43,797	43,797	43,797	43,797	43,797	6,487	6,487	6,487	6,487	6,487	6,487	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000	7,000
`1313`	400,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	-	37,500	37,500	37,500	37,500	37,500	148,445	126,061	135,901	67,443	70,770	74,467	78,575	83,138	106,959
`133`	1.1m	1.4m	-	-	-	-	-	-	-	-	360,000	-	-	-	-	-	-	-	-	-
`14`	-	-	759,739	379,657	233,999	5,768	-115,863	-248,983	-539,112	-116,550	269,166	1.3m	1.3m	1.1m	904,290	631,744	553,108	330,473	223,283	115,497
`15`	-	-	-	-	-	-	-	-	-	-	0	23,061	-	0	17,311	19,425	21,746	24,317	-	-
`16`	-	-	-	-	-	-	-	-	-	-	0	93,343	81,817	50,669	15,419	17,132	49,035	71,150	23,500	26,111
`160/5`	-	-	-	-	-	-	-	-	-	-	0	36,215	36,215	-	-	0	30,000	50,000	-	-
`168`	-	-	-	-	-	-	-	-	-	-	0	57,128	45,602	50,669	15,419	17,132	19,035	21,150	23,500	26,111
`17/49`	2.2m	1.8m	1.5m	1.6m	1.1m	1.1m	1.4m	1.2m	1.3m	2.2m	2.1m	1.7m	1.8m	1.4m	1.4m	1.1m	1.1m	1.3m	1.2m	725,823
`17`	27,882	49,365	71,789	94,645	101,197	184,775	214,918	303,639	417,397	416,223	36,443	400,290	454,580	521,260	420,513	366,602	380,562	418,244	382,574	129,444
`170/4`	27,882	49,365	71,789	94,645	101,197	184,775	214,918	303,639	417,397	416,223	36,443	400,290	454,580	521,260	420,513	366,602	380,562	418,244	382,574	129,444
`42/48`	2.2m	1.7m	1.5m	1.5m	1.0m	898,206	1.2m	897,580	848,877	1.8m	2.1m	1.3m	1.4m	859,680	952,962	724,805	691,248	849,870	810,547	596,085
`42`	30,575	22,424	22,856	58,771	82,861	82,369	78,994	119,379	134,582	112,135	45,189	119,638	123,444	203,163	102,561	69,756	62,509	51,575	54,553	48,348
`43`	-	-	-	-	-	-	-	30,008	250,008	400,000	234,666	-	-	0	0	0	0	-	131,606	-
`430/8`	-	-	-	-	-	-	-	30,008	250,008	400,000	234,666	-	-	0	0	0	0	-	131,606	-
`44`	1.5m	1.1m	925,472	1.0m	720,690	738,658	989,286	567,097	321,687	706,678	924,484	918,434	1.1m	523,953	573,082	525,149	561,412	646,201	512,754	460,149
`440/4`	1.5m	1.1m	925,472	1.0m	720,690	738,658	989,286	567,097	321,687	706,678	924,484	918,434	1.1m	523,953	573,082	525,149	561,412	646,201	512,754	460,149
`46`	282,164	-	-	-	-	-	-	-	-	-	-	-	-	-	0	14,421	-	-	0	0
`45`	430,808	469,299	354,825	211,561	107,102	77,180	102,958	111,650	131,446	350,842	230,478	173,008	115,672	37,650	167,320	65,479	17,327	87,093	86,634	62,589
`450/3`	278,221	439,428	309,149	92,152	16,121	6,032	6,241	7,138	5,650	60,434	98,519	133,613	95,037	28	98,040	2,940	2,577	10,073	28,652	11,792
`454/9`	152,587	29,871	45,676	119,410	90,981	71,148	96,717	104,512	125,795	290,408	131,959	39,394	20,635	37,622	69,280	62,539	14,750	77,020	57,982	50,797
`47/48`	-	150,000	150,000	200,186	122,164	-	196	69,446	11,154	225,642	661,002	100,000	46,289	94,913	110,000	50,000	50,000	65,000	25,000	25,000
`492/3`	-	-	-	-	-	-	620	-	-	-	-	-	-	-	-	0	1,003	400	0	294
Income statement
`76A`	-	-	-	15,514	-	-	-	-	-	-	-	-	78,507	-	-	-	-	-	-	-
`9900`	1.5m	1.7m	1.7m	1.3m	1.2m	759,031	933,493	1.3m	699,773	856,746	1.9m	1.9m	1.4m	1.6m	1.6m	1.1m	1.3m	1.1m	814,477	583,233
`62`	1.3m	798,591	891,673	858,399	741,209	618,940	758,420	897,496	1.1m	1.5m	1.7m	1.5m	1.0m	1.1m	898,844	838,304	787,841	716,190	446,660	350,203
`630`	63,554	46,194	52,084	44,520	31,328	8,955	21,575	28,876	44,730	74,817	117,654	151,844	141,425	132,314	111,793	78,103	75,148	84,238	147,982	74,007
`631/4`	-177	10,000	177	-20,000	44,532	-	-830	15,961	-	-	-	-	0	-49,056	-	-	-	-	-9,811	9,811
`635/8`	-	-	-	-	-	-	-	-	-	-	-36,215	-	36,215	-	-	-30,000	-20,000	50,000	-	-
`640/8`	10,424	5,340	3,859	7,939	2,793	12,812	2,818	13,382	3,063	9,418	178,325	17,067	10,956	63,400	8,676	5,707	56,609	9,057	28,811	7,031
`66A`	-	-	-	-	116	23,100	-	503	1,377	1,020	2,300	435	901	75	1,443	385	855	1	10	50
`9901`	128,695	844,410	744,000	428,235	399,330	95,224	151,511	313,493	-401,302	-726,079	-51,942	198,259	207,301	418,586	602,334	215,547	427,059	276,581	200,835	142,181
`75/76B`	2,089	1	148	878	108	11	414	67	19	13,206	3,701	12,582	480	17,833	3,438	2,586	5,986	14,263	1,768	3,211
`75`	2,089	1	148	878	108	11	414	67	19	13,206	3,701	12,582	480	17,833	3,438	2,586	5,986	14,263	1,768	3,211
`65/66B`	9,376	9,428	13,524	15,462	11,732	10,037	17,736	23,213	21,279	32,624	10,871	28,902	28,849	35,900	33,384	33,064	30,829	34,297	21,405	11,336
`65`	9,376	9,428	13,524	15,462	11,732	10,037	17,736	23,213	21,279	32,624	10,871	28,902	28,849	35,900	33,384	33,064	30,829	34,297	21,405	11,336
`9903`	121,409	834,982	730,625	413,651	387,706	85,199	134,189	290,347	-422,562	-745,497	-61,411	181,503	256,539	400,444	570,945	184,685	401,361	256,546	181,189	134,007
`67/77`	36,514	228,001	200,542	67,994	-	1,068	1,070	218	-	218	33,176	44,481	89,185	96,366	193,439	61,648	134,949	91,269	74,835	18,523
`9904`	84,895	606,981	530,082	345,657	387,706	84,131	133,119	290,129	-422,562	-745,715	-37,459	125,497	172,421	268,828	379,219	124,940	268,527	167,627	108,965	89,372
`789`	-	-	-	-	-	-	-	-	-	-	110,945	8,856	9,840	40,877	3,327	3,697	4,107	4,564	23,821	-
`689`	-	-	-	-	-	-	-	-	-	-	-	31,240	-	109,335	-	-	-	-	-	50,709
`9905`	84,895	606,981	530,082	345,657	387,706	84,131	133,119	290,129	-422,562	-745,715	73,486	103,113	182,261	200,370	382,546	128,637	272,635	172,190	132,786	38,663
Appropriation of the result
`9906`	84,895	1.4m	909,739	579,657	393,473	-31,732	-115,863	-248,983	-539,112	-476,550	1.4m	1.4m	1.3m	1.1m	1.0m	681,744	603,108	395,473	248,283	140,497
`14P`	-	759,739	379,657	233,999	5,768	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	400,000	-	-	-	-	37,500	-	-	-	360,000	640,513	-	-	-	-	-	-	-	-	-
`691/2`	484,895	1.4m	-	-	37,310	-	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	37,310	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	484,895	1.4m	-	-	-	-	-	-	-	-	1.0m	-	-	-	-	-	-	-	-	-
`694/7`	-	-	150,000	200,000	122,164	-	-	-	-	-	734,868	100,000	-	-	110,000	50,000	50,000	65,000	25,000	25,000
`694`	-	-	150,000	200,000	122,164	-	-	-	-	-	640,000	100,000	-	-	110,000	50,000	50,000	65,000	25,000	25,000
Social balance sheet
`9087`	23	15.9	16	14.8	14.6	13.1	16.4	19.2	25.6	34.8	36.6	34.9	21.6	20.6	66.8	20	19.5	20.6	12.2	12
Hours worked`1013`	324,131	18,492	21,975	23,397	21,108	16,975	22,565	27,672	29,102	45,972	53,151	52,822	39,080	37,080	60,872	26,653	31,714	33,427	21,872	18,652
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 05-11-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 97 days after the deadline. Filed on 5 November 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00603333.

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	05-11-2026	2026-00603333	PDF
31-12-2024	full format	29-07-2025	2025-00344720	PDF
31-12-2023	full format	29-08-2024	2024-00432319	PDF
31-12-2022	full format	31-07-2023	2023-00317047	PDF
31-12-2021	full format	30-06-2022	2022-20152478	PDF
31-12-2020	full format	03-03-2021	2021-06900270	PDF
31-12-2019	full format	30-06-2020	2020-23600458	PDF
31-12-2018	full format	28-06-2019	2019-24700407	PDF
31-12-2017	full format	28-06-2018	2018-25000580	PDF
31-12-2016	full format	23-08-2017	2017-46800414	PDF
31-12-2015	full format	26-08-2016	2016-48800471	PDF
31-12-2014	full format	22-07-2015	2015-34200361	PDF
31-12-2013	full format	06-08-2014	2014-40200027	PDF
31-12-2012	full format	14-08-2013	2013-43400134	PDF
31-12-2011	full format	21-08-2012	2012-42900478	PDF
31-12-2010	full format	26-08-2011	2011-45400177	PDF
31-12-2009	full format	23-08-2010	2010-43000015	PDF
31-12-2008	full format	26-08-2009	2009-64600106	PDF
31-12-2007	full format	31-07-2008	2008-51000222	PDF
31-12-2006	full format	20-06-2007	2007-24900045	PDF
31-12-2005	full format	27-06-2006	2006-33700410	PDF
31-12-2004	full format	24-06-2005	2005-33403150	PDF
31-12-2003	full format	29-07-2004	2004-54601912	PDF
31-12-2002	full format	05-08-2003	2003-60104550	PDF
31-12-2001	full format	13-12-2002	2002-76704507	PDF
31-12-2000	full format	30-11-2001	2001-72704262	PDF
31-12-1999	full format	06-12-2000	2000-74700168	PDF
31-12-1998	full format	21-05-1999	1999-11203293	PDF
31-12-1997	full format	27-05-1998	1998-11602221	PDF
31-12-1996	full format	26-05-1997	1997-09303117	PDF
31-12-1995	full format	21-05-1996	1996-09200977	PDF
31-12-1994	full format	11-05-1995	1995-07800346	PDF
31-12-1993	full format	09-08-1994	1994-35400267	PDF
31-12-1992	full format	27-05-1993	1993-08804125	PDF
31-12-1991	full format	21-08-1992	1992-29104077	PDF
31-12-1990	full format	22-05-1991	1991-05901371	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
192,250	890,604	796,085	472,755	430,657	104,179	173,086	342,369	-356,573	-651,262	65,713	350,103	348,726	550,900	714,127	293,650	502,208	360,819	348,818	216,188
148,449	653,175	582,166	390,178	419,033	93,086	154,694	319,005	-377,832	-670,898	80,195	277,341	313,846	401,142	491,012	203,043	343,675	251,865	256,947	163,379
681,549	22,592	58,365	107,481	145,184	77,559	-9,970	38,760	9,223	28,462	160,329	119,655	68,010	518,265	211,340	40,414	55,156	36,945	544,493	62,324
-788,615	628,670	350,745	321,953	-135,736	388,777	-106,517	-7,882	-83,214	258,112	-282,575	209,831	-10,419	-328	-125,420	8,584	-8,534	-127,064	-25,667	-
1.2m	1.7m	1.1m	712,068	622,481	519,374	505,560	428,996	94,769	280,652	600,232	1.6m	1.3m	1.1m	938,259	703,769	640,327	463,574	177,617	223,081
46.4%	51.3%	44.9%	35.0%	38.7%	29.4%	21.4%	16.9%	-18.2%	-0.3%	25.7%	46.0%	44.1%	47.9%	43.4%	41.9%	39.3%	27.6%	24.0%	28.5%
1.55	2.01	1.74	1.47	1.60	1.58	1.43	1.48	1.11	1.16	1.29	2.19	1.98	2.29	1.98	1.97	1.93	1.55	1.22	1.37
1.06	1.62	1.44	1.19	1.19	1.20	0.91	0.85	0.60	0.74	0.87	1.92	1.47	1.40	1.40	1.26	1.67	1.32	1.21	1.37
1.16	0.95	1.23	1.86	1.58	2.41	3.67	4.91	-	-	2.89	1.11	1.21	1.05	1.29	1.37	1.48	2.49	3.11	2.42
4.4%	32.8%	42.7%	40.1%	54.2%	18.7%	35.2%	118.5%	-	-	-5.1%	8.2%	11.6%	20.4%	35.6%	15.6%	37.0%	32.8%	28.4%	29.8%
2.0%	16.8%	19.2%	14.0%	21.0%	5.5%	7.5%	20.1%	-39.5%	-33.8%	-1.3%	3.8%	5.1%	9.8%	15.4%	6.6%	14.5%	9.1%	6.8%	8.5%
20.51	94.46	58.87	30.58	36.71	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	28	16	16	17	14
full-time	26	16	15	16	14
part-time	2	-	1	1	-
in full-time equivalents	27.4	16	15.8	16.8	14
	23	15.9	16	14.8	14.6
On a permanent contract	24	14	13	16	13
Joined	32	11	8	11	12
Left	20	11	9	8	11
Training hours	112	-	-	-	12

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€58,458	€71,789	€71,789	-	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€162,943	€9,942	€58,365	€74,172	€136,565
Intangible fixed assets	-	-	-	€10,125	-
Financial fixed assets	€518,606	€12,651	-	€23,184	€8,619
	€63,554	€46,194	€52,084	€44,520	€31,328

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on EXPLOTECH

The operating result for 2025 is 85% lower than in 2024 and the lowest since 2020.

Debt's share of the balance-sheet total rises from 48.7% to 53.6%. Equity and debt are higher.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency46.4%

Current ratio1.55

Return on assets2.0%

Staff

Staff cost per FTE€57,234

Joined and left+12 people

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on EXPLOTECH

Next steps

in €m

in €m

46.4%

1.55

2.0%

€57,234

+12 people