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EXPLOTECH

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

Overview

Lifetime

20 annual accounts with figures on one time axis, 36 filings since 1990
peak €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
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 accounts

Equity

€1.9m ▲ 4.6%

EXPLOTECH has made a profit without a break since 2018.

Result

€84,895 ▼ 86.0%
€607,0002024€84,9002025

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
20212022202320242025

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
AprilJune31 JulyOctober1990200020102020

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 strength
Strong

71-5equity 46.4% of total assets
48-29short-term debt 52.9% · cash 19.9%
71-19return on assets 2.0%

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
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

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.

The companies in ten equal groups, from the lowest to the highest expected share
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.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 97 days late; 1 of the last 3 accounts late
NBB · filings
lowers risk · Liquidity: current ratio 1.55, cash €831,151
NBB · annual accounts
lowers risk · Founded in 1989
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €1.9m (46.4% of total assets)
NBB · annual accounts
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 filings
Deviation 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 months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

A
Managing director, Arnauld SOUBRY
AD
Director, since 13-02-2025
S
SKYLINE
Director, Cédric MONNAERT, since 13-02-2025

Shares in 1 company, PELLE-ARAIGNEE.BE

Board & ownership

Recent 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
Resignation: VGP (daily management delegate) Director discharge: VGP · General meeting of 13-02-2025 · Gazette deed
All 51 events

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
Company details

Annual accounts 2025

€1.5m▼ 10.9%
€84,895▼ 86.0%
€1.9m▲ 4.6%
€4.2m▲ 15.6%
Employeeson 31-12-2025
28▲ 75.0%
Filing
Filed on 05-11-2026
Financials

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.

Financials

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.

Balance sheet

balance sheet total €4.2m on 31-12-2025
What the company ownsHow it is paid for

in €m

in €m

Position in the 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 Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 4.2m3.6m2.8m2.5m1.8m1.5m1.8m1.4m1.1m2.2m2.9m3.3m3.4m2.7m2.5m1.9m1.8m1.9m1.6m1.1m
21/28 756,171178,429241,848243,998194,480115,62487,969119,514127,370127,876174,231470,389707,456780,872563,718478,904516,593536,585611,878232,224
21 3,6095,6347,6599,684------0-00000283,4857,864
22/27 162,406101,246175,289166,984150,33480,09652,76979,111106,028115,757166,674465,588702,656776,072563,174478,361516,049536,014608,220222,361
22 ------40,94945,71645,71610,71610,71610,716188,390207,759250,841274,083298,674321,723350,73940,310
23 90,575-39,81656,42573,035---2,20113,20032,86945,03524,54415,89729,2806,26414,2948,67125,16726,559
24 71,831101,246135,473110,55877,29980,09611,82033,39558,11091,841123,089124,810157,127184,633152,37450,76834,42714,14612,02132,040
26 ----------0-15,89815,898----099,190
28 590,15671,55058,90067,33144,14735,52835,20040,40221,34212,1197,5574,8014,8014,8015445445445441741,999
29/58 3.4m3.4m2.5m2.2m1.7m1.4m1.7m1.3m943,6472.1m2.7m2.9m2.7m2.0m1.9m1.4m1.3m1.3m988,164819,167
3 1.1m663,506425,659420,608424,264340,677613,840561,278436,200741,106878,612349,477690,448767,071561,367517,162175,707190,6836,8280
30/36 694,427410,569----613,840561,278436,200741,106878,612349,477690,448767,071561,367517,162175,707190,6836,8280
37 377,734252,937425,659420,608424,264340,677--------------
40/41 1.5m1.1m1.0m1.1m897,214609,762976,529593,422327,6881.1m1.8m2.2m1.9m1.1m1.2m697,642947,139908,570623,203448,226
40 1.4m1.0m994,281989,248843,711553,463939,291542,097300,1081.0m1.7m2.1m1.8m1.1m1.1m597,446851,645861,364569,264403,672
41 84,74753,34327,15969,80953,50356,29937,23851,32627,58155,106103,158121,195100,61152,390123,256100,19695,49447,20653,93944,554
54/58 831,1511.6m991,096640,351318,399454,13565,359171,876179,758262,9724,860287,43477,60388,02288,350213,770205,187213,721340,785366,452
490/1 44,41286,71586,40296,71615,42113,00621,266---0-0570003,54346917,3484,488
Balance sheet: equity and liabilities
10/49 4.2m3.6m2.8m2.5m1.8m1.5m1.8m1.4m1.1m2.2m2.9m3.3m3.4m2.7m2.5m1.9m1.8m1.9m1.6m1.1m
10/15 1.9m1.8m1.2m861,421715,764450,222377,991244,872-195,257-7,695738,0201.5m1.5m1.3m1.1m798,939726,321510,365383,421299,456
10/11 437,968437,968437,968437,968437,968437,968437,968437,968264,86864,86864,86870,00070,00070,00070,00070,00070,00070,00070,00070,000
10 437,968437,968437,968437,968437,968---------------
100 437,968437,968437,968437,968437,968437,968437,968437,968264,86864,86864,86870,00070,00070,00070,00070,00070,00070,00070,00070,000
12 ------11,90011,90035,000-----------
13 1.5m1.4m43,79743,79743,7976,48743,98743,98743,98743,987403,987155,445133,061142,90174,44377,77081,46785,57590,138113,959
130/1 443,79743,79743,79743,79743,7976,487--------------
130 43,79743,79743,79743,79743,7976,4876,4876,4876,4876,4876,4877,0007,0007,0007,0007,0007,0007,0007,0007,000
1313 400,000-------------------
132 ------37,50037,50037,50037,50037,500148,445126,061135,90167,44370,77074,46778,57583,138106,959
133 1.1m1.4m--------360,000---------
14 --759,739379,657233,9995,768-115,863-248,983-539,112-116,550269,1661.3m1.3m1.1m904,290631,744553,108330,473223,283115,497
15 ----------023,061-017,31119,42521,74624,317--
16 ----------093,34381,81750,66915,41917,13249,03571,15023,50026,111
160/5 ----------036,21536,215--030,00050,000--
168 ----------057,12845,60250,66915,41917,13219,03521,15023,50026,111
17/49 2.2m1.8m1.5m1.6m1.1m1.1m1.4m1.2m1.3m2.2m2.1m1.7m1.8m1.4m1.4m1.1m1.1m1.3m1.2m725,823
17 27,88249,36571,78994,645101,197184,775214,918303,639417,397416,22336,443400,290454,580521,260420,513366,602380,562418,244382,574129,444
170/4 27,88249,36571,78994,645101,197184,775214,918303,639417,397416,22336,443400,290454,580521,260420,513366,602380,562418,244382,574129,444
42/48 2.2m1.7m1.5m1.5m1.0m898,2061.2m897,580848,8771.8m2.1m1.3m1.4m859,680952,962724,805691,248849,870810,547596,085
42 30,57522,42422,85658,77182,86182,36978,994119,379134,582112,13545,189119,638123,444203,163102,56169,75662,50951,57554,55348,348
43 -------30,008250,008400,000234,666--0000-131,606-
430/8 -------30,008250,008400,000234,666--0000-131,606-
44 1.5m1.1m925,4721.0m720,690738,658989,286567,097321,687706,678924,484918,4341.1m523,953573,082525,149561,412646,201512,754460,149
440/4 1.5m1.1m925,4721.0m720,690738,658989,286567,097321,687706,678924,484918,4341.1m523,953573,082525,149561,412646,201512,754460,149
46 282,164-------------014,421--00
45 430,808469,299354,825211,561107,10277,180102,958111,650131,446350,842230,478173,008115,67237,650167,32065,47917,32787,09386,63462,589
450/3 278,221439,428309,14992,15216,1216,0326,2417,1385,65060,43498,519133,61395,0372898,0402,9402,57710,07328,65211,792
454/9 152,58729,87145,676119,41090,98171,14896,717104,512125,795290,408131,95939,39420,63537,62269,28062,53914,75077,02057,98250,797
47/48 -150,000150,000200,186122,164-19669,44611,154225,642661,002100,00046,28994,913110,00050,00050,00065,00025,00025,000
492/3 ------620--------01,0034000294
Income statement
76A ---15,514--------78,507-------
9900 1.5m1.7m1.7m1.3m1.2m759,031933,4931.3m699,773856,7461.9m1.9m1.4m1.6m1.6m1.1m1.3m1.1m814,477583,233
62 1.3m798,591891,673858,399741,209618,940758,420897,4961.1m1.5m1.7m1.5m1.0m1.1m898,844838,304787,841716,190446,660350,203
630 63,55446,19452,08444,52031,3288,95521,57528,87644,73074,817117,654151,844141,425132,314111,79378,10375,14884,238147,98274,007
631/4 -17710,000177-20,00044,532--83015,961----0-49,056-----9,8119,811
635/8 -----------36,215-36,215---30,000-20,00050,000--
640/8 10,4245,3403,8597,9392,79312,8122,81813,3823,0639,418178,32517,06710,95663,4008,6765,70756,6099,05728,8117,031
66A ----11623,100-5031,3771,0202,300435901751,44338585511050
9901 128,695844,410744,000428,235399,33095,224151,511313,493-401,302-726,079-51,942198,259207,301418,586602,334215,547427,059276,581200,835142,181
75/76B 2,089114887810811414671913,2063,70112,58248017,8333,4382,5865,98614,2631,7683,211
75 2,089114887810811414671913,2063,70112,58248017,8333,4382,5865,98614,2631,7683,211
65/66B 9,3769,42813,52415,46211,73210,03717,73623,21321,27932,62410,87128,90228,84935,90033,38433,06430,82934,29721,40511,336
65 9,3769,42813,52415,46211,73210,03717,73623,21321,27932,62410,87128,90228,84935,90033,38433,06430,82934,29721,40511,336
9903 121,409834,982730,625413,651387,70685,199134,189290,347-422,562-745,497-61,411181,503256,539400,444570,945184,685401,361256,546181,189134,007
67/77 36,514228,001200,54267,994-1,0681,070218-21833,17644,48189,18596,366193,43961,648134,94991,26974,83518,523
9904 84,895606,981530,082345,657387,70684,131133,119290,129-422,562-745,715-37,459125,497172,421268,828379,219124,940268,527167,627108,96589,372
789 ----------110,9458,8569,84040,8773,3273,6974,1074,56423,821-
689 -----------31,240-109,335-----50,709
9905 84,895606,981530,082345,657387,70684,131133,119290,129-422,562-745,71573,486103,113182,261200,370382,546128,637272,635172,190132,78638,663
Appropriation of the result
9906 84,8951.4m909,739579,657393,473-31,732-115,863-248,983-539,112-476,5501.4m1.4m1.3m1.1m1.0m681,744603,108395,473248,283140,497
14P -759,739379,657233,9995,768---------------
791/2 400,000----37,500---360,000640,513---------
691/2 484,8951.4m--37,310-----1.0m---------
6920 ----37,310---------------
6921 484,8951.4m--------1.0m---------
694/7 --150,000200,000122,164-----734,868100,000--110,00050,00050,00065,00025,00025,000
694 --150,000200,000122,164-----640,000100,000--110,00050,00050,00065,00025,00025,000
Social balance sheet
9087 2315.91614.814.613.116.419.225.634.836.634.921.620.666.82019.520.612.212
Hours worked1013 324,13118,49221,97523,39721,10816,97522,56527,67229,10245,97253,15152,82239,08037,08060,87226,65331,71433,42721,87218,652
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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
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
192,250890,604796,085472,755430,657104,179173,086342,369-356,573-651,26265,713350,103348,726550,900714,127293,650502,208360,819348,818216,188
148,449653,175582,166390,178419,03393,086154,694319,005-377,832-670,89880,195277,341313,846401,142491,012203,043343,675251,865256,947163,379
681,54922,59258,365107,481145,18477,559-9,97038,7609,22328,462160,329119,65568,010518,265211,34040,41455,15636,945544,49362,324
-788,615628,670350,745321,953-135,736388,777-106,517-7,882-83,214258,112-282,575209,831-10,419-328-125,4208,584-8,534-127,064-25,667-
1.2m1.7m1.1m712,068622,481519,374505,560428,99694,769280,652600,2321.6m1.3m1.1m938,259703,769640,327463,574177,617223,081
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%
1.552.011.741.471.601.581.431.481.111.161.292.191.982.291.981.971.931.551.221.37
1.061.621.441.191.191.200.910.850.600.740.871.921.471.401.401.261.671.321.211.37
1.160.951.231.861.582.413.674.91--2.891.111.211.051.291.371.482.493.112.42
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%
20.5194.4658.8730.5836.71---------------

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

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date2816161714
full-time2616151614
part-time2-11-
in full-time equivalents27.41615.816.814
2315.91614.814.6
On a permanent contract2414131613
Joined321181112
Left20119811
Training hours112---12

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

Securities and guarantees

on own assets and for others
Item20252024202320222021
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
Item20252024202320222021
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.

Board & ownership

Board

2 directors, 1 in day-to-day management, last change in 2025
Director
since 13-02-2025 6-year term from 2025
listed in the 2025 annual accounts, filed on 05-11-2026
SKYLINE
Director, permanent representative Cédric MONNAERT
since 13-02-2025 6-year term from 2025
listed in the 2025 annual accounts, filed on 05-11-2026
Managing director, permanent representative Arnauld SOUBRY
appointed by deed of 02-09-2025 6-year term from 2025
earlier director, from 13-02-2025 to 02-09-2025
also on the board of 2 other companies
AREVENTS
Signing authorityThe articles say who may bind the company, for example by signing a contract.
A managing director alone
deed of 23-11-2023
Permanent representatives 2
Cédric MONNAERT
Permanent representative, for SKYLINE
appointed by deed of 15-07-2025
Arnauld SOUBRY
Permanent representative, for AREVENTS
appointed by deed of 02-09-2025

Office holders in the KBO →

Mandates through the years

5 names, the dashed line is today
SKYLINE
Director
AREVENTS
Managing director
VPG
Director
CFL Concept SRL
Director
LeadershipBoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
  • Alexis Dumortier
    • Director, since before 31-12-2024
  • SKYLINE
    • Director, since before 31-12-2024
  • AREVENTS
    • Director, from 28-12-2009 to 15-07-2025
    • Managing director, from before 10-06-2020 to 15-07-2025
    • Director, until 02-09-2025
    • Managing director, appointed by deed of 02-09-2025, still in office
  • VPG
    • Director, from 01-01-2018 to 17-04-2025
    • Director, until 15-07-2025
  • CFL Concept SRL
    • Director, until 18-08-2020

See the board, name and registered office on a given date →

Control

Shareholder
Equity €1.3m
Profit €2.0m in 2025 (profit €221,914 in 2024)
Checked score 95
14.99%
This company
EXPLOTECH
Equity €1.9m
Profit €84,895 in 2025

Capital

Capital
€437,967.74
Shares
9,999
Contribution per share
€43.80
Equity per share
€193 in 2025
Source
deed of 23-11-2023

Owners through the years

as the annual accounts name them
Owners as a list

Source: lists of holdings in the owners' accounts

Articles of association

deed of 23-11-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Administrateurs restants ont droit de coopter, 6 ans”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 10:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Pouvoirs des liquidateurs, toutes opérations prévues par la loi sauf décision contraire de l'assemblée générale à la majorité des voix”

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyEXPLOTECH1 holding, 1 country 2025 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

At the same address

Chêne-al'Pierre 2, 6960 Manhay · 5 other companies
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

Earlier ties

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)
Show 6 more earlier ties
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)

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)

Board mandates elsewhere

1 board mandate
Board mandates of EXPLOTECHEXPLOTECH sits on their board1
Director
Founded in 2022 · total assets €613,135 (2024) · accounts filed late

Connections & network

1 connected company

Timeline

Timeline

51 events since 1989

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBfull format · 97 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0438567385
2 directors appointedChange of role: AREVENTS, from director to managing director · Appointments: SKYLINE and Alexis Dumortier · General meeting of 19-06-20255 points ▸
  • Director resignation, AREVENTS
  • Director appointment, AREVENTS (managing director)
  • Director appointment, SKYLINE
  • Director appointment, Alexis Dumortier
  • General meeting, 19-06-2025

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFfull format · 2 days before the deadline
2 directors appointed, 1 resignationChange of role: SRL AREVENTS, from managing director to director · Resignation: SA VPG · Permanent representatives: Arnauld SOUBRY, Vincent PISSART and Cédric MONNAERT · General meeting of 13-02-202512 points ▸
  • General meeting, 13-02-2025
  • Director resignation, SRL AREVENTS
  • Director resignation, SA VPG
  • Permanent representative, Arnauld SOUBRY
  • Permanent representative, Vincent PISSART
  • Director appointment, SKYLINE
  • Permanent representative, Cédric MONNAERT (représentant permanent chargé de l'exécution de ce mandat en son nom et pour son compte)
  • Director appointment, Alexis DUMORTIER
  • Director appointment, SRL AREVENTS
  • Permanent representative, Arnauld SOUBRY (représentant permanent chargé de l'exécution de ce mandat en son nom et pour son compte)
  • Board meeting, 13-02-2025
  • Director resignation, SRL AREVENTS (managing director)
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

Resignation: VGP (daily management delegate)Director discharge: VGP · General meeting of 13-02-20254 points ▸
  • General meeting, 13-02-2025
  • Director resignation, VGP
  • Director resignation, VGP (daily management delegate)
  • Director discharge, VGP

Open the deed in the Belgian Official Gazette

2024
Highest result from 2006 to 2025 net €606,981 ▲14.5% The operating result of €844,410 and the net result of €606,981 are both a record.
Annual accounts 2023 filed PDFfull format · 29 days late
2023
Purpose change · Amendment of the articles“Pour les entreprises générales de travaux routiers ou ferroviaires qui requièrent la sécurisation des voies de…” (deed in French) · General meeting of 17-11-20234 points ▸
  • General meeting, 17-11-2023
  • Purpose change, “Pour les entreprises générales de travaux routiers ou ferroviaires qui requièrent la sécurisation des voies de transport au moyen de:filets de…” (deed in French)
  • Capital, €437,967.74, 9,999 shares
  • Registered office clause, Chêne-al-Pierre 2, boite A2, 6960 Manhay
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFfull format · on the deadline day
2022
Reappointment: VGP SA (director)General meeting of 01-06-20222 points ▸
  • General meeting, 01-06-2022
  • Director reappointment, VGP SA

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFfull format · 31 days before the deadline
2021
Annual accounts 2020 filed PDFfull format · 150 days before the deadline
2020
1 director resigning, 2 reappointmentsResignation: CFL Concept SRL · Permanent representatives: Christophe Couteaux, Vincent PISSART and Arnaud SOUBRY · Reappointments: VGP SA and SRL AREVENTS (managing director) · General meeting of 10-06-20207 points ▸
  • General meeting, 10-06-2020
  • Director resignation, CFL Concept SRL
  • Permanent representative, Christophe Couteaux
  • Director reappointment, VGP SA
  • Permanent representative, Vincent PISSART (managing director)
  • Director reappointment, SRL AREVENTS (managing director)
  • Permanent representative, Arnaud SOUBRY (managing director)

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFfull format · 31 days before the deadline
2019
Annual accounts 2018 filed PDFfull format · 33 days before the deadline
2018
Back to profit net €290,129 The net result is €290,129, after 3 loss-making years.
Annual accounts 2017 filed PDFfull format · 33 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 23 days late
2016
Weakest financial year net -€745,715 The net result drops to -€745,715, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2015 filed PDFfull format · 26 days late
2015
Annual accounts 2014 filed PDFfull format · 9 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 6 days late
2013
New establishment in Manhay Chêne-al'Pierre 9
Annual accounts 2012 filed PDFfull format · 14 days late
2012
Annual accounts 2011 filed PDFfull format · 21 days late
2011
Equity above €1m equity €1.1m ▲33.4% With a profit in every financial year since 2006, equity grows to €1.1m.
Annual accounts 2010 filed PDFfull format · 26 days late
2010
Annual accounts 2009 filed PDFfull format · 23 days late
2009
Annual accounts 2008 filed PDFfull format · 26 days late
2008
Equity above €500,000 equity €510,365 ▲33.1% With a profit in every financial year since 2006, equity grows to €510,365.
Annual accounts 2007 filed PDFfull format · on the deadline day
2007
Annual accounts 2006 filed PDFfull format · 41 days before the deadline
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
Annual accounts 1999 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
1995
Annual accounts 1994 filed PDFfull format
1994
Annual accounts 1993 filed PDFfull format
1993
Annual accounts 1992 filed PDFfull format
1992
Annual accounts 1991 filed PDFfull format
1991
First establishment Chêne-al'Pierre 2, Manhay
Annual accounts 1990 filed PDFfull format
1989
Incorporation published on 31-10-1989

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

EXPLOTECH was incorporated on 22 September 1989.1 Total assets rose from €1.4m in 2018 to €4.2m in 2025 and headcount from 19.2 to 23 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0438.567.385
VAT number
BE 0438.567.385
Peppol ID
0208:0438567385
Other Peppol ID
9925:BE0438567385
Legal form
Public limited company
Status
Active, normal situation
Founded
22-09-1989
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 10:00
deed of 23-11-2023 (in French)
Peppol
Reachable since 15-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
EXPLOTECH in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 23-11-2023 (in French)

Activities

NACEBEL 2025
VAT activities
02200 Logging
Social security (RSZ) activities
Joint committees annual accounts 2023
JC 124 Construction
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
82990 Other business support services main activity
02200 Logging
47640 Retail trade
56290 Food and beverage service activities
79901 Travel agency, tour operator and other reservation service and related activities
81300 Landscape service activities
Social security (RSZ) activities
43999 Specialised construction activities main activity
Codes under NACEBEL 2003
74879 main activity
01410
02012
52482
55510
63303
PurposeThe purpose describes the activities the company may carry out under its articles.
“Pour les entreprises générales de travaux routiers ou ferroviaires qui requièrent la sécurisation des voies de transport au moyen de:filets…”
11 activities
  1. Pour les entreprises générales de travaux routiers ou ferroviaires qui requièrent la sécurisation des voies de transport au moyen de:filets de protection,peignage,injections de béton,pose d’écrans pare blocs,la construction de murs de soutènement,rénovation et/ou entretien d’ouvrages d’art,stabilisation du sol,pose de caniveaux et autres;
  2. Pour les entreprises générales du bâtiment dans des travaux de construction,de rénovation ou de réhabilitation d’édifices et de bâtiments à destinations diverses,quels que soient les matériaux utilisés tels que:les édifices publics,religieux,écoles,gares,halles,prisons,casernes,entrepôts,bâtiments industriels,les cheminées d’usines,les locaux administratifs,les bureaux,les immeubles à appartements,les bâtiments commerciaux,centres sportifs,culturels et hospitaliers et autres par des techniques de maçonnerie,sablage,nettoyages industriels,réparations corniches,fissures,garde-corps,réparations de murs,de toits,cheminées,rejointoyage,réparations de pierres bleues et autres travaux de construction;
  3. Les travaux de gros œuvre notamment en maçonnerie en béton participant à la stabilité,la résistance et la protection des bâtiments ou autres comprenant du coffrage,ferraillage,bétonnage de bâtiment,réparation de maçonnerie et du bétonnage;
  4. Des chantiers de peinture consistant au recouvrement de surfaces de bâtiments ou d’ouvrages d’art en métal ou non,au moyen de peinture,de vernis ou d’autres produits liquides dans le but de protéger ou d’embellir y compris le traitement des surfaces y compris les revêtements anticorrosifs et autres;
  5. Des chantiers de ravalement et remise en état de façades par grattage,sablage,projection hydropneumatique;
  6. Des chantiers de crépissage par enduit de mortier,ciment,plâtre ou tout autre produit,de même que l’exécution de travaux de réparation s’y rapportant sur des bâtiments,parois rocheuses,barrages ou toutes autres surfaces;
  7. Des chantiers généraux de constructions métalliques telles que des ponts,pylônes,château d’eau,barrage,éoliens;
  8. Des chantiers en milieu souterrain (mines,tunnels,grottes,carrières,…);
  9. Des entreprises générales de terrassement comprenant la modification du relief du sol telle que les déblais,remblais,nivellement,creusement d’une voie ferrée,de bassins,de tranchées;
  10. Travaux de forage,de sondage et d’injection de béton;
  11. Travaux d’abattage,débroussaillage,travaux divers de nettoyage (ligneux) de parois rocheuses,bâtiments et toutes autres surfaces.
deed of 23-11-2023 (in French)

Registered office and establishments

2 establishments
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

Buildings and parcels at the addresses

Ground area
5,147 m²
Buildings
1,641 m²
Volume, LiDAR
11,614 m³
Tallest building
9.4 m
Buildings to scale, each on its own parcel
1,559 m², 9.4 m 81 m², 7.0 m 1,559 m², 9.4 m 81 m², 7.0 m

Location

registered office establishment All 2 establishment units on the map
6 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
83017C0296/00G0004,010 m² 1 · 1,559 m² 9.4 m · 2
83017C0172/00P0021,137 m² 1 · 81 m² 7.0 m · 2

Recognitions

Recognised contractor

19 categories
EXPLOTECH SAapproval number 36102
  • D General building contractsclass 4, up to €1,080,000
  • D1 All shell construction and roofing-in of buildingsclass 4, up to €1,080,000
  • D11 Plastering and renderingclass 1, up to €162,000
  • D13 Paintingclass 1, up to €162,000
  • D21 Cleaning and restoring facadesclass 2, up to €330,000
  • D22 Metal roofing and zinc workclass 1, up to €162,000
  • D24 Restoration of monumentsclass 1, up to €162,000
  • E General civil engineering contractsclass 5, up to €2,172,000
Show all 19 categories
  • E1 Trunk sewersclass 5, up to €2,172,000
  • E2 Pile foundations, sheet piling and diaphragm wallsclass 5, up to €2,172,000
  • E4 Horizontal jacking of structural elementsclass 5, up to €2,172,000
  • F General steel construction contractsclass 2, up to €330,000
  • F2 Steel load-bearing structuresclass 2, up to €330,000
  • F3 Industrial paintingclass 2, up to €330,000
  • G General earthworks contractsclass 5, up to €2,172,000
  • G1 Drilling, probing and injectionclass 3, up to €600,000
  • G2 Drainage worksclass 1, up to €162,000
  • G3 Plantingclass 4, up to €1,080,000
  • G5 Demolitionclass 1, up to €162,000
decision 08-05-2023

Invoicing and payment

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