EXPRO
ActiveSummary
EXPRO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €501,852. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+6
Solvency80=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 2.13 in 2024; short-term debt: 42.7% and cash: 11.9% of total assets), and 45.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
54.6%
Return on assets
15.8%
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 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
35 d early
2023
39 d early
2022
39 d early
2021
10 d early
2020
31 d late
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.7m▲ 13.1%
2024 · €1.5m
Total assets
€3.2m▲ 13.2%
2024 · €2.8m
Net result
€501,852▲ 60.4%
2024 · €312,916
Working capital
€1.5m▲ 12.5%
2024 · €1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€707,859▲ 100%€419,512▼ 40.7%€531,284▲ 26.6%€431,407▼ 18.8%€681,120▲ 57.9%
Net result€525,866above the sector's middle half▲ 114%€323,716above the sector's middle half▼ 38.4%€394,923above the sector's middle half▲ 22.0%€312,916above the sector's middle half▼ 20.8%€501,852above the sector's middle half▲ 60.4%
Equity€971,731within the sector's middle half▲ 48.1%€1.2mwithin the sector's middle half▲ 20.0%€1.4mwithin the sector's middle half▲ 20.3%€1.5mwithin the sector's middle half▲ 8.9%€1.7mabove the sector's middle half▲ 13.1%
Total assets€1.7mwithin the sector's middle half▼ 2.6%€2.4mwithin the sector's middle half▲ 35.6%€2.4mwithin the sector's middle half▲ 2.8%€2.8mwithin the sector's middle half▲ 15.4%€3.2mabove the sector's middle half▲ 13.2%
Debt€697,203▼ 19.6%€1.1m▲ 60.7%€955,165▼ 14.7%€1.2m▲ 27.5%€1.4m▲ 13.6%
Working capital€927,129▲ 9.5%€1.1m▲ 16.9%€1.2m▲ 8.9%€1.3m▲ 9.8%€1.5m▲ 12.5%
Solvency55.8%within the sector's middle half▲ 19.1pp49.4%within the sector's middle half▼ 6.4pp57.8%within the sector's middle half▲ 8.4pp54.6%within the sector's middle half▼ 3.2pp54.6%within the sector's middle half=
Staff (FTE)13.3within the sector's middle half▼ 4.3%11.1within the sector's middle half▼ 16.5%11.7within the sector's middle half▲ 5.4%13.1above the sector's middle half▲ 12.0%14.8above the sector's middle half▲ 13.0%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 58% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€357,492 ▲ 0.1%
Current assets
€2.8m ▲ 15.1%
Equity and liabilities €3.2m
Equity
€1.7m ▲ 13.1%
Provisions
€54,951 ▲ 4.3%
Debt
€1.4m ▲ 13.6%
Debt's share of the balance-sheet total rises from 43.5% to 43.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€778,201▲
2024 · €532,693
Cash flow
€598,933▲
2024 · €414,202
Current ratio
2.08▼
2024 · 2.13
Quick ratio
1.48▲
2024 · 1.28
Debt to equity
0.80▲
2024 · 0.80
ROE
29.0%▲
2024 · 20.5%
ROA
15.8%▲
2024 · 11.2%
Interest coverage
70.79▲
2024 · 45.03
Debt ≤ 1 year
€1.4m▲
2024 · €1.1m
Debt > 1 year
€26,113▼
2024 · €69,295
Income taxes
€169,907▲
2024 · €108,839
Staff costs
€1.0m▲
2024 · €860,984
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €695,077 | €652,539 | €691,706 | €860,984 | €1.0m | ▲ 18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,678 | €95,585 | €88,186 | €101,286 | €97,081 | ▼ 4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €6,906 | - | -€7,642 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€192,261 | €3,015 | -€6,862 | -€15,420 | €2,260 | ▲ 115% |
| Other operating charges640/8 | €16,420 | €17,614 | €19,023 | €4,750 | €19,226 | ▲ 305% |
| Gross operating margin9900 | €1.3m | €1.2m | €1.3m | €1.4m | €1.8m | ▲ 30.8% |
| Operating profit (loss)9901 | €707,859 | €419,512 | €531,284 | €431,407 | €681,120 | ▲ 57.9% |
| Financial income75/76B | - | €4,820 | €264 | €2,177 | €1,632 | ▼ 25.0% |
| Recurring financial income75 | - | €4,820 | €264 | €2,177 | €1,632 | ▼ 25.0% |
| Financial charges65/66B | €4,335 | €4,788 | €7,146 | €11,829 | €10,993 | ▼ 7.1% |
| Recurring financial charges65 | €4,335 | €4,788 | €7,146 | €11,829 | €10,993 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | €703,524 | €419,543 | €524,402 | €421,755 | €671,759 | ▲ 59.3% |
| Income taxes67/77 | €177,658 | €95,827 | €129,478 | €108,839 | €169,907 | ▲ 56.1% |
| Profit (loss) for the period9904 | €525,866 | €323,716 | €394,923 | €312,916 | €501,852 | ▲ 60.4% |
| Profit (loss) for the period to be appropriated9905 | €525,866 | €323,716 | €394,923 | €312,916 | €501,852 | ▲ 60.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €2.4m | €2.4m | €2.8m | €3.2m | ▲ 13.2% |
| Fixed assets21/28 | €247,512 | €378,515 | €429,153 | €356,983 | €357,492 | ▲ 0.1% |
| Intangible fixed assets21 | €24,381 | €25,861 | €13,817 | €1,794 | €12,300 | ▲ 586% |
| Tangible fixed assets22/27 | €222,996 | €352,518 | €415,200 | €355,054 | €345,057 | ▼ 2.8% |
| Plant, machinery and equipment23 | €664 | €34,398 | €30,803 | €25,611 | €47,418 | ▲ 85.1% |
| Furniture and vehicles24 | €113,534 | €69,335 | €58,224 | €60,153 | €83,434 | ▲ 38.7% |
| Other tangible fixed assets26 | €108,798 | €248,785 | €326,174 | €269,291 | €214,205 | ▼ 20.5% |
| Financial fixed assets28 | €135 | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €1.5m | €2.0m | €2.0m | €2.4m | €2.8m | ▲ 15.1% |
| Stocks and contracts in progress3 | €593,062 | €790,434 | €671,329 | €978,065 | €804,416 | ▼ 17.8% |
| Stocks30/36 | €593,062 | €790,434 | €671,329 | €978,065 | €804,416 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €560,480 | €787,565 | €1.0m | €775,144 | €1.5m | ▲ 99.2% |
| Trade receivables40 | €498,682 | €721,551 | €939,317 | €672,532 | €1.5m | ▲ 120% |
| Other amounts receivable41 | €61,798 | €66,014 | €92,873 | €102,612 | €64,953 | ▼ 36.7% |
| Cash at bank and in hand54/58 | €323,864 | €363,289 | €283,963 | €673,364 | €376,447 | ▼ 44.1% |
| Deferred charges and accrued income490/1 | €15,973 | €41,283 | €9,555 | €15,484 | €85,459 | ▲ 452% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €2.4m | €2.4m | €2.8m | €3.2m | ▲ 13.2% |
| Equity10/15 | €971,731 | €1.2m | €1.4m | €1.5m | €1.7m | ▲ 13.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €907,613 | €1.1m | €1.3m | €1.5m | €1.7m | ▲ 13.7% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €901,413 | €1.1m | €1.3m | €1.5m | €1.7m | ▲ 13.8% |
| Investment grants15 | €2,118 | €2,118 | €2,118 | €2,118 | €2,118 | = |
| Provisions and deferred taxes16 | €71,957 | €74,972 | €68,111 | €52,691 | €54,951 | ▲ 4.3% |
| Provisions for liabilities and charges160/5 | €71,957 | €74,972 | €68,111 | €52,691 | €54,951 | ▲ 4.3% |
| Other liabilities and charges164/5 | €71,957 | €74,972 | €68,111 | €52,691 | €54,951 | ▲ 4.3% |
| Amounts payable17/49 | €697,203 | €1.1m | €955,165 | €1.2m | €1.4m | ▲ 13.6% |
| Amounts payable after more than one year17 | €128,353 | €218,508 | €135,541 | €69,295 | €26,113 | ▼ 62.3% |
| Financial debts170/4 | €128,353 | €218,508 | €135,541 | €69,295 | €26,113 | ▼ 62.3% |
| Amounts payable within one year42/48 | €566,250 | €899,045 | €816,974 | €1.1m | €1.4m | ▲ 18.1% |
| Current portion of amounts payable after more than one year42 | €51,469 | €95,664 | €97,015 | €69,232 | €46,230 | ▼ 33.2% |
| Trade debts44 | €153,090 | €550,605 | €369,478 | €736,027 | €613,730 | ▼ 16.6% |
| Suppliers440/4 | €153,090 | €550,605 | €369,478 | €736,027 | €613,730 | ▼ 16.6% |
| Advances received on contracts in progress46 | €15,039 | €1,435 | €38,638 | €10,503 | €169,282 | ▲ 1,512% |
| Taxes, remuneration and social security45 | €119,740 | €121,854 | €153,873 | €142,812 | €223,286 | ▲ 56.3% |
| Taxes450/3 | €5,154 | €8,552 | €20,056 | €6,765 | €31,598 | ▲ 367% |
| Remuneration and social security454/9 | €114,586 | €113,302 | €133,818 | €136,047 | €191,689 | ▲ 40.9% |
| Other amounts payable47/48 | €226,913 | €129,486 | €157,969 | €187,750 | €301,111 | ▲ 60.4% |
| Accrued charges and deferred income492/3 | €2,600 | €2,600 | €2,650 | €2,650 | €4,700 | ▲ 77.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €525,866 | €323,716 | €394,923 | €312,916 | €501,852 | ▲ 60.4% |
| + Depreciation and write-downs630 | €79,678 | €95,585 | €88,186 | €101,286 | €97,081 | ▼ 4.2% |
| Operating cash flow (approximation) | €605,544 | €419,301 | €483,110 | €414,202 | €598,933 | ▲ 44.6% |
| Investment in fixed assets (approximation) | - | -€226,588 | -€138,825 | -€29,116 | -€97,590 | ▼ 235% |
| Change in cash | - | €39,425 | -€79,326 | €389,401 | -€296,917 | ▼ 176% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €1mEq €1.2m ▲20%
5 profitable years in a row build equity to €1.2m.
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €525,866 ▲114%
Operating result €707,859, net result €525,866, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 46 days late
2019
30-09
Financial
Equity above €500,000Eq €508,595 ▲58%
2 profitable years in a row build equity to €508,595.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-03
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 16 acts read
About the unread acts
We know of 16 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
16 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, Dilbeek · 2 establishment units since 1987
Ground area
5,718 m²
Building footprint
1,752 m²
Volume, LiDAR
10,970 m³
2 parcels, Flanders, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Lennikseweg 98, 1701 Dilbeek
since 19872.031.960.156
Avenue Ernest Solvay 76, 1480 Tubize
since 19962.031.960.255
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0567/00R000 | Wallonia | 4,866 m² | 1 · 1,557 m² | 7.9 m · 2 fl. |
| 23037D0188/00C000 | Flanders | 852 m² | 1 · 195 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
40.77%
-
10.1%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
1 categoryEXPRO NV38358
Legal Entity Identifier
894500UZ27R5ATOUI913
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Of 24 companies in sector 28293 we hold annual accounts for 20. 10 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-11-1987
Fiscal year end30-09
Activities, NACEBEL 2025
28293Manufacture of machinery and equipment not elsewhere classified
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432506964
Also
9925:BE0432506964
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.