EXPR@NET
InactiveOverview
Activity
Activity not known
Size
≈ €600,000turnover 2021, estimated
- Staff
- ≈ 1.5 FTE, estimated
- Equity
- €399,767
- Profit
- €140,466
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
2 of 7 deeds summarised
Signalsraises riskAnnual accounts not filed2021 accounts filed 134 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2022 was due at the National Bank by 31-07-2023. Nothing is on record, 1186 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2022 year end31-07-2023 deadline29-10-2026 today
raises risk · 2021 accounts filed 134 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 12-12-2022, 134 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 · 6 filingsDeviation from the deadline
2022
not filed
2021
134 days late
2020
33 days early
2019
32 days late
2018
9 days early
2017
3 days late
2016
18 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 24 days after the deadline; the Belgian median for financial year 2022 is 3 days before the deadline, and 42% of all filings were late.
Searched, nothing found (1)
- Restructuring · End & cessationMerger · Accounting effect ·…
- Annual accounts filedfinancial year 2021 · micro…
- RestructuringPermanent representative: HEMBERG Michel ·…
Financials · financial year 2021, micro format
2021 annual accounts filed late (134 days) Filed on 12 December 2022, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2022-20538105.
Turnover
≈ €600,000
Estimated: probably between €400,000 and €930,000
Total assets
€470,119▲ 41.8%
2020 · €331,578
Net result
€140,466▲ 88.0%
2020 · €74,730
Working capital
€395,407▲ 55.9%
2020 · €253,567
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 80% above 2020 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€184,976
2021
Net result€140,466
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€470,119
2021
Equity€399,767
2021
Debt€70,351
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€395,407
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€116,975-€75,441▼ 35.5%€102,776▲ 36.2%€184,976▲ 80.0%
Net result€91,006-€56,372▼ 38.1%€74,730▲ 32.6%€140,466▲ 88.0%
Equity€131,057-€187,429▲ 43.0%€259,302▲ 38.3%€399,767▲ 54.2%
Total assets€190,594-€251,469▲ 31.9%€331,578▲ 31.9%€470,119▲ 41.8%
Debt€59,538-€64,039▲ 7.6%€72,277▲ 12.9%€70,351▼ 2.7%
Working capital€129,385-€186,591▲ 44.2%€253,567▲ 35.9%€395,407▲ 55.9%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €470,119
Fixed assets
€4,361 ▼ 24.4%
Current assets
€465,758 ▲ 43.0%
Equity and liabilities €470,119
Equity
€399,767 ▲ 54.2%
Debt
€70,351 ▼ 2.7%
Debt's share of the balance-sheet total falls from 21.8% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186,386▲
2020 · €104,222
Cash flow
€141,876▲
2020 · €76,176
Current ratio
6.62▲
2020 · 4.51
Debt to equity
0.18
ROE
35.1%▲
2020 · 28.8%
ROA
29.9%▲
2020 · 22.5%
Interest coverage
over 100
Debt ≤ 1 year
€70,351▼
2020 · €72,240
Income taxes
€43,202▲
2020 · €28,924
Staff costs
€53,525
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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €53,525 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,083 | €833 | €1,446 | €1,410 | ▼ 2.5% |
| Other operating charges640/8 | - | - | - | €1,392 | - |
| Gross operating margin9900 | €120,466 | €102,845 | €133,862 | €241,303 | ▲ 80.3% |
| Operating profit (loss)9901 | €116,975 | €75,441 | €102,776 | €184,976 | ▲ 80.0% |
| Financial income75/76B | - | - | - | €299 | - |
| Recurring financial income75 | - | €3,904 | €1,450 | €299 | ▼ 79.4% |
| Financial charges65/66B | - | - | - | €1,607 | - |
| Recurring financial charges65 | €560 | €352 | €572 | €1,607 | ▲ 181% |
| Profit (loss) for the period before taxes9903 | €116,415 | €78,993 | €103,653 | €183,668 | ▲ 77.2% |
| Income taxes67/77 | €25,409 | €22,620 | €28,924 | €43,202 | ▲ 49.4% |
| Profit (loss) for the period9904 | €91,006 | €56,372 | €74,730 | €140,466 | ▲ 88.0% |
| Profit (loss) for the period to be appropriated9905 | €91,006 | €56,372 | €74,730 | €140,466 | ▲ 88.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €190,594 | €251,469 | €331,578 | €470,119 | ▲ 41.8% |
| Fixed assets21/28 | €1,672 | €838 | €5,771 | €4,361 | ▼ 24.4% |
| Tangible fixed assets22/27 | €1,542 | €708 | €5,641 | €4,231 | ▼ 25.0% |
| Furniture and vehicles24 | - | - | - | €4,231 | - |
| Financial fixed assets28 | €130 | €130 | €130 | €130 | = |
| Current assets29/58 | €188,922 | €250,630 | €325,807 | €465,758 | ▲ 43.0% |
| Amounts receivable within one year40/41 | €54,149 | €73,314 | €83,339 | €93,364 | ▲ 12.0% |
| Trade receivables40 | - | - | - | €93,364 | - |
| Cash at bank and in hand54/58 | €134,564 | €177,098 | €241,952 | €371,848 | ▲ 53.7% |
| Deferred charges and accrued income490/1 | - | - | - | €546 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €190,594 | €251,469 | €331,578 | €470,119 | ▲ 41.8% |
| Equity10/15 | €131,057 | €187,429 | €259,302 | €399,767 | ▲ 54.2% |
| Contributions10/11 | €6,500 | €6,500 | - | €6,500 | - |
| Reserves13 | €1,855 | €58,227 | €130,100 | €130,100 | = |
| Non-distributable reserves130/1 | - | - | - | €1,855 | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | - |
| Distributable reserves133 | - | - | - | €128,245 | - |
| Profit (loss) carried forward14 | €122,702 | €122,702 | €122,702 | €263,167 | ▲ 114% |
| Amounts payable17/49 | €59,538 | €64,039 | €72,277 | €70,351 | ▼ 2.7% |
| Amounts payable within one year42/48 | €59,538 | €64,039 | €72,240 | €70,351 | ▼ 2.6% |
| Trade debts44 | €48,771 | €39,738 | €49,229 | €32,439 | ▼ 34.1% |
| Suppliers440/4 | - | - | - | €32,439 | - |
| Taxes, remuneration and social security45 | - | - | - | €35,043 | - |
| Taxes450/3 | - | - | - | €29,638 | - |
| Remuneration and social security454/9 | - | - | - | €5,405 | - |
| Other amounts payable47/48 | - | - | - | €2,870 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,006 | €56,372 | €74,730 | €140,466 | ▲ 88.0% |
| + Depreciation and write-downs630 | €1,083 | €833 | €1,446 | €1,410 | ▼ 2.5% |
| Operating cash flow (approximation) | €92,089 | €57,206 | €76,176 | €141,876 | ▲ 86.2% |
| Investment in fixed assets (approximation) | - | €0 | -€6,379 | €0 | - |
| Change in cash | - | €42,534 | €64,853 | €129,897 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 12-12-2022 | 2022-20538105 |
| 31-12-2020 | micro format | 28-06-2021 | 2021-25400546 |
| 31-12-2019 | micro format | 01-09-2020 | 2020-49800512 |
| 31-12-2018 | micro format | 22-07-2019 | 2019-35700596 |
| 31-12-2017 | micro format | 03-08-2018 | 2018-43100083 |
| 31-12-2016 | micro format | 18-08-2017 | 2017-44400382 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 2 of 7 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 05-01-2023 ↗
- MEGABYTE Infrastructure all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Group and network
Connections & network
No directors read yet: 2 of 7 Gazette acts processed.
Acquisitions and mergers
1 transactionTaken over by:MEGABYTE Infrastructure
History
Acts, filings and financial milestones
2023
05-01
Gazette deed
Restructuring · End & cessationMerger · Accounting effect · Dissolution10 facts ▸
Gazette deed
Restructuring · End & cessation
Merger · Accounting effect · Dissolution10 facts ▸
- General meeting, 15-12-2022
- Other provision, “siège social, mise à disposition des documents de fusion” (deed in French)
- Other provision, “sans frais et sur simple demande copie intégrale ou partielle, droit de copie et renonciation à état comptable” (deed in French)
- Merger, “état où ils se trouvent, actionnaire unique approuve ce projet de fusion” (deed in French)
- Accounting effect, 01-01-2022
- Dissolution, “dissolution sans liquidation, dissolution sans liquidation” (deed in French)
- Shareholding, MEGABYTE Infrastructure
- Other provision, “absence attribution actions, toutes les parts de la société absorbée étant détenues par la société absorbante” (deed in French)
- Other provision, “absence de transfert de droit réel immobilier” (deed in French)
- Power of attorney
2022
12-12
NBB filing
Annual accounts filed
financial year 2021 · micro format · 134 days late
25-10
Gazette deed
RestructuringPermanent representative: HEMBERG Michel · Merger2 facts ▸
Gazette deed
Restructuring
Permanent representative: HEMBERG Michel · Merger2 facts ▸
- Merger, “Greffe du Tribunal de l'Entreprise de Mons, www.expranet.be” (deed in French)
- Permanent representative, HEMBERG Michel (director)
2021
31-12
Financial
Highest result from 2018 to 2021net €140,466 ▲88%
Operating result €184,976, net result €140,466, both a record.
28-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Equity above €200,000equity €259,302 ▲38.3%
A profit in every financial year since 2018 builds equity to €259,302.
01-09
NBB filing
Annual accounts filed
financial year 2019 · micro format · 32 days late
2019
31-12
Financial
Weakest financial yearnet €56,372 ▼38.1%
Net result drops to €56,372, the lowest in the series.
31-12
Financial
Equity above €150,000equity €187,429 ▲43%
A profit in every financial year since 2018 builds equity to €187,429.
22-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
03-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 3 days late
2017
18-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 18 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Inactive
Absorbed by MEGABYTE Infrastructure in January 2023
EXPR@NET is no longer in the KBO register: MEGABYTE Infrastructure took it over in a merger by absorption, published in the Belgian Official Gazette on 5 January 2023.
- Status
- Inactive
- Reason
- Merger by absorptionBelgian Official Gazette, 5 January 2023 · act
- Absorbed by
- MEGABYTE Infrastructure · 0885.020.476
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Rue Jean Jaures 5, 7190 Ecaussinnesas published on 5 January 2023
- Legal form
- Private limited company
- Active since
- 2016 (first annual accounts)
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Other provision: “Modalités établissement et approbation comptes annuels exercice en cours et décharge, entre date de clôture du dernier exercice social dont…” (deed in French)1 more provision in the deed, see the deed of 05-01-2023
Read from the deeds: 2 provisions, deed of 05-01-2023