Equity
EXPLOTECH has made a profit without a break since 2018.
EXPLOTECH has made a profit without a break since 2018.
The result fell in 2025 from €606,981 to €84,895.
The accounts state no turnover.
Green is investment, beige is depreciation.
Between 2011 and 2025, 66% of the full-time equivalents disappeared.
Latest accounts filed late: after the legal deadline.
A confirmed filing finding caps the score at 59.
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).
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).
In July 2024, 14,766 companies had the same profile as EXPLOTECH has now. Each dot stands for 37 companies, two years later.
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.
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.
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
Shares in 1 company, PELLE-ARAIGNEE.BE
Board & ownership| 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.
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.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.3m. Estimated: probably between €1.8m and €3.4m.
Higher than 51% of 1,168 companies in 2025.
Higher than 51% of 1,125 companies in 2025.
Higher than 47% of 1,157 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 32 people joined and 20 left. Training hours in 2025: 112.
| Line | Trend | 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 worked1013 |
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 | |||||||||||||||||||||
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.
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 | |
| 31-12-2024 | full format | 29-07-2025 | 2025-00344720 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00432319 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00317047 | |
| 31-12-2021 | full format | 30-06-2022 | 2022-20152478 | |
| 31-12-2020 | full format | 03-03-2021 | 2021-06900270 | |
| 31-12-2019 | full format | 30-06-2020 | 2020-23600458 | |
| 31-12-2018 | full format | 28-06-2019 | 2019-24700407 | |
| 31-12-2017 | full format | 28-06-2018 | 2018-25000580 | |
| 31-12-2016 | full format | 23-08-2017 | 2017-46800414 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-48800471 | |
| 31-12-2014 | full format | 22-07-2015 | 2015-34200361 | |
| 31-12-2013 | full format | 06-08-2014 | 2014-40200027 | |
| 31-12-2012 | full format | 14-08-2013 | 2013-43400134 | |
| 31-12-2011 | full format | 21-08-2012 | 2012-42900478 | |
| 31-12-2010 | full format | 26-08-2011 | 2011-45400177 | |
| 31-12-2009 | full format | 23-08-2010 | 2010-43000015 | |
| 31-12-2008 | full format | 26-08-2009 | 2009-64600106 | |
| 31-12-2007 | full format | 31-07-2008 | 2008-51000222 | |
| 31-12-2006 | full format | 20-06-2007 | 2007-24900045 | |
| 31-12-2005 | full format | 27-06-2006 | 2006-33700410 | |
| 31-12-2004 | full format | 24-06-2005 | 2005-33403150 | |
| 31-12-2003 | full format | 29-07-2004 | 2004-54601912 | |
| 31-12-2002 | full format | 05-08-2003 | 2003-60104550 | |
| 31-12-2001 | full format | 13-12-2002 | 2002-76704507 | |
| 31-12-2000 | full format | 30-11-2001 | 2001-72704262 | |
| 31-12-1999 | full format | 06-12-2000 | 2000-74700168 | |
| 31-12-1998 | full format | 21-05-1999 | 1999-11203293 | |
| 31-12-1997 | full format | 27-05-1998 | 1998-11602221 | |
| 31-12-1996 | full format | 26-05-1997 | 1997-09303117 | |
| 31-12-1995 | full format | 21-05-1996 | 1996-09200977 | |
| 31-12-1994 | full format | 11-05-1995 | 1995-07800346 | |
| 31-12-1993 | full format | 09-08-1994 | 1994-35400267 | |
| 31-12-1992 | full format | 27-05-1993 | 1993-08804125 | |
| 31-12-1991 | full format | 21-08-1992 | 1992-29104077 | |
| 31-12-1990 | full format | 22-05-1991 | 1991-05901371 |
| Line | Trend | 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.
| 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
| 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)
| 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)
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.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
| O.C.O TECHNICAL
registered office since 23-03-2016 · founded in 2016 · accounts filed late |
24 FTE (2025) 0650.710.642 |
| PEOPLE FIRST MANAGEMENT
establishment since 01-01-2022 · founded in 2010 · group MATHIMMO |
11 FTE (2025) 0828.029.513 |
| EXPLOGROUP
registered office since 11-10-2005 · founded in 2005 |
0.8 FTE (2025) 0876.594.344 |
| PELLE-ARAIGNEE.BE
registered office since 26-01-2022 · founded in 2022 · accounts filed late |
total assets €613,135 (2024) 0780.899.983 |
| EXPLO UNITE T.V.A.
registered office since 01-01-2016 |
founded in 2016 0645.766.414 |
| BATIMENT ET TECHNIQUE via VPG, at EXPLOTECH until 2025 · Director · deed of 14-05-2024 founded in 1989 |
98 FTE (2025) |
| BBK via VPG, at EXPLOTECH until 2025 · Independent director · deed of 27-08-2025 founded in 1990 |
35 FTE (2025) |
| DEEGITAL via VPG, at EXPLOTECH until 2025 · Director · deed of 05-07-2022 founded in 2016 |
62 FTE (2025) |
| DEUSE via VPG, at EXPLOTECH until 2025 · Director · deed of 24-08-2022 founded in 2016 |
36 FTE (2025) |
| DEUSE GROUP via VPG, at EXPLOTECH until 2025 · Director · deed of 14-07-2023 founded in 2023 |
total assets €3.5m (2025) |
| LEVITA via VPG, at EXPLOTECH until 2025 · Director · deed of 02-07-2021 founded in 2018 |
total assets €1.7m (2025) |
| COPILOT via VPG, at EXPLOTECH until 2025 · Director · deed of 09-09-2025 founded in 1989 |
2.4 FTE (2025) |
| AP MO via VPG, at EXPLOTECH until 2025 · Director · deed of 24-10-2024 founded in 2024 |
total assets €825,643 (2025) |
| INDEXPLUS via VPG, at EXPLOTECH until 2025 · Director · deed of 01-02-2022 founded in 2016 |
total assets €617,215 (2025) |
| DESMOSIA via VPG, at EXPLOTECH until 2025 · Director · deed of 14-01-2026 founded in 2017 |
total assets €115,754 (2025) |
| 18.24 Agency via VPG, at EXPLOTECH until 2025 · Director · deed of 06-03-2023 founded in 2020 |
total assets €92,290 (2025) |
| METERBUY SPRL via VPG, at EXPLOTECH until 2025 · Director (not named in the articles) · deed of 17-12-2021 No longer active |
1.6 FTE (2022) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Chêne-al'Pierre 2 registered office 6960 Manhay 0220001 Logging | 06-06-1991 | 2.045.451.074 |
| Chêne-al'Pierre 9 6960 Manhay | 01-12-2013 | 2.226.005.191 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 83017C0296/00G000 | 4,010 m² | 1 · 1,559 m² | 9.4 m · 2 |
| 83017C0172/00P002 | 1,137 m² | 1 · 81 m² | 7.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0438.567.385
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