EXPOTEL
InactiveFinancials · financial year 2025, abbreviated format
Equity
€2.5m▲ 24.3%
2024 · €2.0m
Total assets
€3.2m▲ 22.9%
2024 · €2.6m
Net result
€486,490▲ 10.0%
2024 · €442,063
Working capital
€1.9m▲ 13.1%
2024 · €1.6m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.7m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€3.2m
2025
Equity€2.5m
2025
Debt€0.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.9m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.02m-€0.06m▲ 155%€0.04m▼ 28.6%€0.03m▼ 28.7%€0.1m▲ 237%€0.3m▲ 245%€0.6m▲ 82.4%€0.7m▲ 18.2%
Net result€0.002m-€0.02m▲ 849%€0.01m▼ 42.3%€0.004m▼ 69.3%€0.07m▲ 1,546%€0.3m▲ 336%€0.4m▲ 48.5%€0.5m▲ 10.0%
Equity€1.2m-€1.2m▲ 2.0%€1.2m▲ 1.1%€1.2m▲ 0.3%€1.3m▲ 5.7%€1.6m▲ 23.5%€2.0m▲ 28.3%€2.5m▲ 24.3%
Total assets€1.8m-€1.9m▲ 0.9%€1.9m▲ 1.1%€1.5m▼ 18.5%€1.7m▲ 13.5%€2.5m▲ 42.0%€2.6m▲ 4.0%€3.2m▲ 22.9%
Debt€0.7m-€0.7m▼ 0.7%€0.7m▲ 1.1%€0.3m▼ 52.0%€0.5m▲ 43.4%€0.9m▲ 93.5%€0.6m▼ 37.8%€0.5m▼ 10.1%
Working capital-€0.6m--€0.5m▲ 13.3%-€0.5m▼ 1.7%-€0.3m▲ 41.4%€0.1m€1.1m▲ 853%€1.6m▲ 53.4%€1.9m▲ 13.1%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€1.1m ▲ 47.9%
Current assets
€2.0m ▲ 12.5%
Equity and liabilities €3.2m
Equity
€2.5m ▲ 24.3%
Provisions
€169,468 ▲ 1,493%
Debt
€505,003 ▼ 10.1%
Debt's share of the balance-sheet total falls from 21.8% to 16.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€743,032▲
2024 · €628,079
Cash flow
€520,125▲
2024 · €470,203
Current ratio
10.84▲
2024 · 10.27
Debt to equity
0.20▼
2024 · 0.28
ROE
19.5%▼
2024 · 22.1%
ROA
15.4%▼
2024 · 17.2%
Interest coverage
10.04▼
2024 · 26.25
Debt ≤ 1 year
€188,986▲
2024 · €177,238
Debt > 1 year
€313,630▼
2024 · €382,447
Income taxes
€3,574▼
2024 · €148,447
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €99,888 | €289,688 | €577,625 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,346 | €54,346 | €52,024 | €55,402 | €42,736 | €36,556 | €28,139 | €33,635 | ▲ 19.5% |
| Other operating charges640/8 | - | - | - | - | €2,128 | €1,059 | €1,140 | - | - |
| Gross operating margin9900 | €87,077 | €121,643 | €103,756 | €83,663 | €140,159 | €366,445 | €629,219 | €743,032 | ▲ 18.1% |
| Operating profit (loss)9901 | €21,717 | €55,477 | €39,629 | €28,261 | €95,295 | €328,830 | €599,939 | €709,397 | ▲ 18.2% |
| Financial income75/76B | - | - | - | €12,055 | €5,472 | - | €13,046 | €13,537 | ▲ 3.8% |
| Recurring financial income75 | €5,628 | €5,712 | €5,798 | €12,055 | €5,472 | - | €13,046 | €13,537 | ▲ 3.8% |
| Financial charges65/66B | - | - | - | €24,716 | €15,484 | €25,676 | €23,926 | €74,040 | ▲ 209% |
| Recurring financial charges65 | €25,055 | €25,005 | €25,670 | €24,716 | €15,484 | €25,676 | €23,926 | €74,040 | ▲ 209% |
| Profit (loss) for the period before taxes9903 | €2,290 | €36,184 | €19,757 | €15,600 | €85,282 | €303,153 | €589,059 | €648,894 | ▲ 10.2% |
| Transfer from deferred taxes780 | - | - | - | €1,451 | €1,451 | €1,451 | €1,451 | €3,382 | ▲ 133% |
| Transfer to deferred taxes680 | - | - | - | - | - | - | - | €162,211 | - |
| Income taxes67/77 | €1,275 | €14,220 | €7,695 | €12,904 | €18,475 | €6,973 | €148,447 | €3,574 | ▼ 97.6% |
| Profit (loss) for the period9904 | €2,466 | €23,414 | €13,513 | €4,147 | €68,258 | €297,631 | €442,063 | €486,490 | ▲ 10.0% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,818 | €2,818 | €2,818 | €2,818 | €8,610 | ▲ 206% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €486,633 | - |
| Profit (loss) for the period to be appropriated9905 | €5,284 | €26,232 | €16,330 | €6,965 | €71,076 | €300,449 | €444,881 | €8,467 | ▼ 98.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.9m | €1.9m | €1.5m | €1.7m | €2.5m | €2.6m | €3.2m | ▲ 22.9% |
| Fixed assets21/28 | €1.7m | €1.7m | €1.7m | €1.5m | €1.2m | €1.0m | €0.8m | €1.1m | ▲ 47.9% |
| Tangible fixed assets22/27 | €1.3m | €1.3m | €1.3m | €1.2m | €0.8m | €0.5m | €0.3m | €0.7m | ▲ 112% |
| Land and buildings22 | - | - | - | €1.2m | €0.8m | €0.5m | €0.3m | €0.7m | ▲ 112% |
| Plant, machinery and equipment23 | - | - | - | €136 | - | - | - | - | - |
| Financial fixed assets28 | €0.4m | €0.4m | €0.5m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.03m | €0.5m | €1.5m | €1.8m | €2.0m | ▲ 12.5% |
| Amounts receivable within one year40/41 | €0.001m | €0.001m | €0.007m | €0.001m | €0.005m | €1.5m | €1.1m | €1.5m | ▲ 34.7% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.005m | €1.5m | €1.1m | €1.5m | ▲ 34.7% |
| Current investments50/53 | - | - | - | - | - | - | - | €0.5m | - |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.03m | €0.5m | €0.007m | €0.7m | €0.01m | ▼ 98.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.003m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €1.9m | €1.5m | €1.7m | €2.5m | €2.6m | €3.2m | ▲ 22.9% |
| Equity10/15 | €1.2m | €1.2m | €1.2m | €1.2m | €1.3m | €1.6m | €2.0m | €2.5m | ▲ 24.3% |
| Contributions10/11 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Capital10 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Issued capital100 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.6m | ▲ 417% |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Legal reserve130 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | €0.5m | ▲ 2,313% |
| Distributable reserves133 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.9m | €1.3m | €1.3m | ▲ 0.6% |
| Provisions and deferred taxes16 | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.2m | ▲ 1,493% |
| Deferred taxes168 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.2m | ▲ 1,493% |
| Amounts payable17/49 | €0.7m | €0.7m | €0.7m | €0.3m | €0.5m | €0.9m | €0.6m | €0.5m | ▼ 10.1% |
| Amounts payable after more than one year17 | - | - | - | €0.001m | €0.06m | €0.5m | €0.4m | €0.3m | ▼ 18.0% |
| Financial debts170/4 | - | - | - | - | €0.06m | €0.5m | €0.4m | €0.3m | ▼ 18.6% |
| Other amounts payable178/9 | - | - | - | €0.001m | - | - | - | €0.002m | - |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €0.7m | €0.3m | €0.4m | €0.4m | €0.2m | €0.2m | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €0.02m | €0.07m | €0.07m | €0.07m | ▲ 3.7% |
| Trade debts44 | €0.007m | - | €0.007m | €0.005m | €0.04m | €0.02m | €0.003m | €0.001m | ▼ 75.1% |
| Suppliers440/4 | - | - | - | €0.005m | €0.04m | €0.02m | €0.003m | €0.001m | ▼ 75.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.003m | €0.008m | €0.006m | €0.002m | ▼ 63.0% |
| Taxes450/3 | - | - | - | €0.02m | €0.003m | €0.008m | €0.006m | €0.002m | ▼ 63.0% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.4m | €0.1m | €0.1m | ▲ 14.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.005m | €0.004m | €0.002m | €0.002m | ▲ 33.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,466 | €23,414 | €13,513 | €4,147 | €68,258 | €297,631 | €442,063 | €486,490 | ▲ 10.0% |
| + Depreciation and write-downs630 | €54,346 | €54,346 | €52,024 | €55,402 | €42,736 | €36,556 | €28,139 | €33,635 | ▲ 19.5% |
| Operating cash flow (approximation) | €56,813 | €77,761 | €65,537 | €59,549 | €110,994 | €334,187 | €470,203 | €520,125 | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | -€5,712 | -€62,021 | €144,220 | €233,680 | €239,297 | €174,063 | -€395,587 | - |
| Change in cash | - | €65,636 | €3,658 | -€143,807 | €479,801 | -€499,054 | €668,367 | -€662,819 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00269098 |
| 31-12-2024 | micro format | 03-07-2025 | 2025-00232438 |
| 31-12-2023 | micro format | 08-07-2024 | 2024-00222038 |
| 31-12-2022 | micro format | 10-07-2023 | 2023-00220247 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20389660 |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-56700530 |
| 31-12-2019 | abbreviated format | 26-12-2020 | 2020-77400491 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57800528 |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57400552 |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-39400261 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.