EXPONENT
ActiveSummary
EXPONENT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 85% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+4
Solvency100▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.33 against 2.84 in 2024; short-term debt: 11.8% and cash: 11% of total assets), and 11.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.2%
Return on assets
14.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
55 d early
2023
54 d early
2022
52 d early
2021
51 d early
2020
50 d early
2019
49 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 19.8%
2024 · €45k
Total assets
€61k▼ 1.3%
2024 · €62k
Net result
€9k▲ 28.6%
2024 · €7k
Working capital
€17k▼ 46.0%
2024 · €31k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9k▲ 41.7%€29k▲ 224%€16k▼ 45.9%€12k▼ 24.7%€14k▲ 17.6%
Net result€5k▲ 32.8%€22k▲ 313%€10k▼ 55.5%€7k▼ 30.5%€9k▲ 28.6%
Equity€58k▼ 3.6%€58k=€53k▼ 8.8%€45k▼ 15.4%€54k▲ 19.8%
Total assets€72k▲ 2.6%€84k▲ 15.9%€70k▼ 16.9%€62k▼ 11.6%€61k▼ 1.3%
Debt€14k▲ 39.2%€26k▲ 81.0%€17k▼ 34.9%€17k▲ 0.3%€7k▼ 57.5%
Working capital€43k▼ 1.8%€42k▼ 3.0%€38k▼ 10.7%€31k▼ 18.0%€17k▼ 46.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€37k ▲ 166%
Current assets
€24k ▼ 50.0%
Equity and liabilities €61k
Equity
€54k ▲ 19.8%
Debt
€7k ▼ 57.5%
Debt's share of the balance-sheet total falls from 27.3% to 11.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23k▲
2024 · €17k
Cash flow
€18k▲
2024 · €12k
Current ratio
3.33▲
2024 · 2.84
Debt to equity
0.13▼
2024 · 0.38
ROE
16.5%▲
2024 · 15.4%
ROA
14.6%▲
2024 · 11.2%
Interest coverage
499.74▲
2024 · 23.09
Debt ≤ 1 year
€7k▼
2024 · €17k
Income taxes
€5k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €4k | €5k | €5k | €9k | ▲ 78.5% |
| Other operating charges640/8 | - | €310 | €347 | €268 | €307 | ▲ 14.8% |
| Non-recurring operating charges66A | - | €786 | €614 | - | €64 | - |
| Gross operating margin9900 | €19k | €35k | €22k | €17k | €23k | ▲ 35.5% |
| Operating profit (loss)9901 | €9k | €29k | €16k | €12k | €14k | ▲ 17.6% |
| Financial income75/76B | - | €2 | - | €14 | €0 | ▼ 99.3% |
| Recurring financial income75 | €0 | €2 | - | €14 | €0 | ▼ 99.3% |
| Financial charges65/66B | - | €53 | €55 | €734 | €46 | ▼ 93.7% |
| Recurring financial charges65 | €445 | €53 | €55 | €734 | €46 | ▼ 93.7% |
| Profit (loss) for the period before taxes9903 | €9k | €29k | €16k | €11k | €14k | ▲ 24.7% |
| Income taxes67/77 | €3k | €7k | €6k | €4k | €5k | ▲ 18.7% |
| Profit (loss) for the period9904 | €5k | €22k | €10k | €7k | €9k | ▲ 28.6% |
| Profit (loss) for the period to be appropriated9905 | €5k | €22k | €10k | €7k | €9k | ▲ 28.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €84k | €70k | €62k | €61k | ▼ 1.3% |
| Fixed assets21/28 | €15k | €16k | €15k | €14k | €37k | ▲ 166% |
| Tangible fixed assets22/27 | €15k | €16k | €15k | €14k | €37k | ▲ 166% |
| Land and buildings22 | - | €2k | €2k | €1k | €1k | ▼ 21.4% |
| Plant, machinery and equipment23 | - | €7k | €5k | €5k | €6k | ▲ 24.0% |
| Furniture and vehicles24 | - | - | - | - | €22k | - |
| Other tangible fixed assets26 | - | €7k | €9k | €7k | €8k | ▲ 3.0% |
| Current assets29/58 | €58k | €68k | €54k | €48k | €24k | ▼ 50.0% |
| Amounts receivable within one year40/41 | €14k | €13k | €11k | €13k | €13k | ▲ 5.2% |
| Trade receivables40 | - | €11k | €11k | €10k | €13k | ▲ 33.8% |
| Other amounts receivable41 | - | €3k | €80 | €3k | - | - |
| Cash at bank and in hand54/58 | €40k | €50k | €40k | €31k | €7k | ▼ 78.4% |
| Deferred charges and accrued income490/1 | - | €4k | €3k | €4k | €4k | ▼ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €84k | €70k | €62k | €61k | ▼ 1.3% |
| Equity10/15 | €58k | €58k | €53k | €45k | €54k | ▲ 19.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €40k | €40k | €34k | €26k | €35k | ▲ 33.7% |
| Distributable reserves133 | - | €40k | €34k | €26k | €35k | ▲ 33.7% |
| Amounts payable17/49 | €14k | €26k | €17k | €17k | €7k | ▼ 57.5% |
| Amounts payable within one year42/48 | €14k | €26k | €17k | €17k | €7k | ▼ 57.5% |
| Trade debts44 | €936 | €932 | €566 | €502 | €1k | ▲ 107% |
| Suppliers440/4 | - | €932 | €566 | €502 | €1k | ▲ 107% |
| Taxes, remuneration and social security45 | - | €9k | €2k | €754 | €5k | ▲ 538% |
| Taxes450/3 | - | €9k | €2k | €754 | €5k | ▲ 538% |
| Other amounts payable47/48 | - | €16k | €14k | €16k | €1k | ▼ 91.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €22k | €10k | €7k | €9k | ▲ 28.6% |
| + Depreciation and write-downs630 | €10k | €4k | €5k | €5k | €9k | ▲ 78.5% |
| Operating cash flow (approximation) | €15k | €27k | €15k | €12k | €18k | ▲ 49.5% |
| Investment in fixed assets (approximation) | - | €-6k | €-4k | €-4k | €-32k | ▼ 797% |
| Change in cash | - | €10k | €-10k | €-9k | €-24k | ▼ 170% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €22k ▲313%
Operating result €29k, net result €22k, both a record.
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €4k ▼73.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 6.64
Current ratio from 3.07 to 6.64; short-term debt falls from €17k to €8k.
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
07-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kruisem · 1 establishment unit since 2001
Ground area
3,539 m²
Building footprint
386 m²
Volume, LiDAR
1,282 m³
Parcel 45031A0607/02C000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EXPONENT
since 20012.093.146.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45031A0607/02C000 | Flanders | 3,539 m² | 1 · 386 m² | 5.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,837 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-04-2001
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
74120Graphic design and visual communication
74201Photography, excluding press photography
Scores and ratios are computed by Checked and are not a credit decision.