REXPECT
Annual accounts 2025
abbreviated format, filed on 18-06-2026, 43 days before the deadlineMoney flows
no detail for 2025Balance sheet
balance sheet total €59,870 on 31-12-2025in euro
in euro
Position in the sector
78.6%
Higher than 74% of 10,858 companies in 2025.
3.23
Higher than 70% of 10,480 companies in 2025.
44.3%
Higher than 93% of 10,727 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
59,870 | 71,582 | 82,297 | 68,789 | 105,495 | 91,201 | 112,683 | 36,513 | 43,762 | 85,449 | 99,086 | 125,421 | 120,281 | 165,790 | 191,972 | 206,499 | 194,157 | 275,057 | 341,805 | 353,591 | |
21/28 |
18,403 | 24,818 | 1,490 | 18,568 | 32,126 | 47,130 | 62,102 | 12,083 | 24,159 | 52,551 | 90,431 | 74,787 | 107,110 | 140,760 | 173,277 | 165,577 | 186,604 | 211,898 | 237,680 | 267,027 | |
22/27 |
18,403 | 24,818 | 1,490 | 18,568 | 32,126 | 47,130 | 62,102 | 12,083 | 24,159 | 52,551 | 90,431 | 74,787 | 107,110 | 140,760 | 173,277 | 165,577 | 186,604 | 211,898 | 237,680 | 267,027 | |
22 |
- | - | - | - | - | - | - | - | - | 15,948 | 40,141 | 64,335 | 88,528 | 112,722 | 136,916 | 161,110 | 185,303 | 209,497 | 233,691 | 257,884 | |
23 |
- | - | - | - | 1,501 | 1,192 | 852 | 243 | 478 | 782 | 2,083 | 1,038 | - | 288 | 672 | 3,991 | 348 | 971 | 2,084 | 2,769 | |
24 |
18,403 | 24,818 | 1,490 | 18,568 | 30,625 | 45,938 | 61,250 | 11,840 | 23,681 | 35,821 | 48,207 | 9,414 | 18,582 | 27,750 | 35,689 | 476 | 953 | 1,430 | 1,906 | 6,373 | |
29/58 |
41,467 | 46,764 | 80,806 | 50,222 | 73,369 | 44,071 | 50,581 | 24,430 | 19,604 | 32,899 | 8,655 | 50,634 | 13,171 | 25,030 | 18,695 | 40,922 | 7,553 | 63,159 | 104,125 | 86,564 | |
40/41 |
5,418 | 8,778 | 7,343 | 17 | 3,328 | 6,553 | 24,896 | 1,918 | 2,704 | 5,047 | 1,489 | 1,056 | 1,299 | 7,554 | 4,323 | 4,991 | 4,746 | 47,779 | 51,961 | 49,486 | |
40 |
5,400 | 2,705 | - | - | 3,300 | 6,515 | 20,149 | 1,651 | 2,630 | 3,226 | - | - | 1,090 | 7,230 | 868 | 4,491 | 3,524 | 15,021 | 12,605 | 29,392 | |
41 |
18 | 6,073 | 7,343 | 17 | 28 | 38 | 4,747 | 267 | 74 | 1,821 | 1,489 | 1,056 | 209 | 324 | 3,455 | 500 | 1,221 | 32,758 | 39,357 | 20,094 | |
54/58 |
32,073 | 36,862 | 71,925 | 41,889 | 69,060 | 36,449 | 24,615 | 22,338 | 16,899 | 27,852 | 7,166 | 49,578 | 11,872 | 17,476 | 13,780 | 35,931 | 2,807 | 15,379 | 52,164 | 37,078 | |
490/1 |
3,976 | 1,125 | 1,538 | 8,316 | 981 | 1,068 | 1,070 | 174 | - | - | - | - | - | - | 592 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
59,870 | 71,582 | 82,297 | 68,789 | 105,495 | 91,201 | 112,683 | 36,513 | 43,762 | 85,449 | 99,086 | 125,421 | 120,281 | 165,790 | 191,972 | 206,499 | 194,157 | 275,057 | 341,805 | 353,591 | |
10/15 |
47,051 | 20,542 | -2,544 | -1,872 | -7,596 | -18,605 | -22,762 | -89,781 | -87,130 | -62,996 | -38,522 | -41,170 | -83,117 | -70,558 | -53,551 | -58,498 | -74,846 | -9,933 | 34,450 | 23,356 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | |
13 |
30,701 | 4,192 | 4,192 | 4,192 | 4,192 | 4,192 | 4,192 | 668 | 668 | 668 | 668 | 667 | 668 | 667 | 668 | 668 | 668 | 668 | 1,603 | 548 | |
130/1 |
- | - | - | 668 | 668 | 668 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 668 | 668 | 668 | 668 | 668 | 667 | 668 | 667 | 668 | 668 | 668 | 668 | 1,603 | 548 | |
1311 |
- | - | - | 668 | 668 | 668 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
3,525 | 3,525 | 3,525 | 3,525 | 3,525 | 3,525 | 3,525 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
27,176 | 668 | 668 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
3,950 | 3,950 | -19,136 | -18,464 | -24,188 | -35,197 | -39,355 | -102,848 | -100,198 | -76,063 | -51,590 | -54,237 | -96,185 | -83,625 | -66,619 | -71,566 | -87,913 | -23,000 | 20,448 | 10,409 | |
17/49 |
12,819 | 51,040 | 84,840 | 70,661 | 113,091 | 109,806 | 135,445 | 126,294 | 130,892 | 148,445 | 137,608 | 166,591 | 203,398 | 236,348 | 245,523 | 264,997 | 269,003 | 284,989 | 307,355 | 330,234 | |
17 |
- | - | - | - | - | - | - | - | - | - | 39,502 | 76,717 | 111,775 | 144,803 | 175,917 | 205,229 | 232,844 | 258,858 | 283,366 | 306,454 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 39,502 | 76,717 | 111,775 | 144,803 | 175,917 | 205,229 | 232,844 | 258,858 | 283,366 | 306,454 | |
42/48 |
12,819 | 51,040 | 84,840 | 70,661 | 113,091 | 109,806 | 135,445 | 126,294 | 130,892 | 148,445 | 98,106 | 89,874 | 90,873 | 90,366 | 69,606 | 59,768 | 36,159 | 26,131 | 23,989 | 23,780 | |
42 |
- | - | - | - | - | - | - | - | 12,922 | 39,502 | 37,214 | 35,058 | 33,027 | 31,114 | 29,312 | 27,614 | 26,015 | 24,508 | 23,088 | 21,751 | |
43 |
- | - | - | - | - | - | - | - | 490 | 385 | 287 | 235 | 25,000 | 25,000 | 10,000 | - | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 490 | 385 | 287 | 235 | - | - | - | - | - | - | - | - | |
439 |
- | - | - | - | - | - | - | - | - | - | - | - | 25,000 | 25,000 | 10,000 | - | - | - | - | - | |
44 |
106 | 23,380 | 176 | 2,021 | 819 | 266 | 4,662 | 13,995 | 796 | 1,865 | 12,064 | 111 | 306 | 218 | 1,139 | 2,436 | 3,623 | 1,623 | 901 | 1,417 | |
440/4 |
106 | 23,380 | 176 | 2,021 | 819 | 266 | 4,662 | 13,995 | 796 | 1,865 | 12,064 | 111 | 306 | 218 | 1,139 | 2,436 | 3,623 | 1,623 | 901 | 1,417 | |
45 |
513 | 67 | 1,274 | 32 | 57 | 917 | 601 | 1,214 | 35 | 332 | 289 | 278 | 858 | 1,954 | - | - | 232 | - | - | 613 | |
450/3 |
513 | 67 | 1,274 | 32 | 57 | 917 | 601 | 1,214 | 35 | 332 | 289 | 278 | 858 | 1,954 | - | - | 232 | - | - | 613 | |
47/48 |
12,200 | 27,593 | 83,390 | 68,608 | 112,215 | 108,622 | 130,182 | 111,084 | 116,650 | 106,361 | 48,252 | 54,192 | 31,682 | 32,080 | 29,155 | 29,718 | 6,289 | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | 750 | 1,179 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | 34,569 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
- | - | - | - | - | 426 | 3,420 | - | - | - | - | - | - | - | 10,439 | 375 | - | - | 30 | 164 | |
9900 |
50,666 | 28,635 | 21,816 | 25,975 | 33,030 | 20,108 | 83,567 | 10,866 | 6,379 | 17,591 | 55,749 | 85,438 | 33,668 | 31,490 | 47,928 | 59,889 | -21,742 | 19,330 | 85,567 | 90,150 | |
60/61 |
- | - | - | - | - | 27,179 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
630 |
9,154 | 1,828 | 17,077 | 16,978 | 16,131 | 15,535 | 15,981 | 12,076 | 28,705 | 37,880 | 37,880 | 33,880 | 33,649 | 33,746 | 33,974 | 26,983 | 25,294 | 25,782 | 32,557 | 35,236 | |
640/8 |
557 | 505 | 706 | 612 | 5,440 | - | - | - | - | 50 | - | 1,124 | 1,679 | 2,163 | 1,758 | 1,680 | 1,542 | 1,478 | 250 | 4,457 | |
66A |
- | 29 | - | - | - | - | - | - | - | - | 8,922 | - | - | - | 3,782 | 340 | - | - | - | 135 | |
9901 |
40,956 | 26,273 | 4,033 | 8,385 | 11,459 | 4,574 | 67,586 | -1,210 | -22,326 | -20,340 | 17,869 | 50,434 | -1,660 | -4,419 | 12,196 | 31,226 | -48,577 | -7,931 | 52,761 | 50,457 | |
75/76B |
3 | 2 | 1 | 2 | - | - | - | - | - | 114 | 91 | 15 | 1 | 40 | 83 | 31 | 74 | 102 | 55 | 0 | |
75 |
3 | 2 | 1 | 2 | - | - | - | - | - | 114 | 91 | 15 | 1 | 40 | 83 | 31 | 74 | 102 | 55 | 0 | |
65/66B |
1,382 | 20 | 4,247 | 61 | 151 | 149 | 190 | 227 | 1,808 | 3,845 | 6,116 | 8,229 | 10,608 | 12,306 | 13,987 | 14,945 | 16,410 | 17,857 | 19,182 | 20,462 | |
65 |
1,382 | 20 | 4,247 | 61 | 151 | 149 | 190 | 227 | 1,408 | 3,845 | 6,116 | 8,229 | 10,608 | 12,306 | 13,987 | 14,945 | 16,410 | 17,857 | 19,182 | 20,462 | |
66B |
- | - | - | - | - | - | - | - | 400 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
39,576 | 26,255 | -213 | 8,325 | 11,309 | 4,425 | 67,397 | -1,437 | -24,134 | -24,071 | 2,922 | 42,220 | -12,267 | -16,685 | 4,949 | 16,347 | -64,913 | -25,685 | 33,664 | 30,025 | |
67/77 |
13,068 | 6,567 | 459 | 2,601 | 300 | 267 | 378 | 543 | - | 403 | 275 | 272 | 293 | 321 | 2 | - | - | - | 12,570 | 11,613 | |
9904 |
26,509 | 19,688 | -672 | 5,724 | 11,009 | 4,157 | 67,019 | -1,979 | -24,134 | -24,474 | 2,647 | 41,948 | -12,560 | -17,006 | 4,947 | 16,347 | -64,913 | -25,685 | 21,094 | 18,412 | |
9905 |
26,509 | 19,688 | -672 | 5,724 | 11,009 | 4,157 | 67,019 | -1,979 | -24,134 | -24,474 | 2,647 | 41,948 | -12,560 | -17,006 | 4,947 | 16,347 | -64,913 | -25,685 | 21,094 | 18,412 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
30,459 | 3,950 | -19,136 | -18,464 | -24,188 | -35,197 | -35,830 | -102,848 | -100,198 | -76,063 | -51,590 | -54,237 | -96,185 | -83,625 | -66,619 | -71,566 | -87,913 | -23,000 | 31,502 | 10,956 | |
14P |
3,950 | -15,738 | -18,464 | -24,188 | -35,197 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
26,509 | - | - | - | - | - | 3,525 | - | - | - | - | - | - | - | - | - | - | - | 1,055 | 548 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,055 | 548 | |
6921 |
26,509 | - | - | - | - | - | 3,525 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | - | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 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 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-06-2026 | 2026-00177917 | |
| 31-12-2024 | abbreviated format | 09-05-2025 | 2025-00093524 | |
| 31-12-2023 | abbreviated format | 27-06-2024 | 2024-00182036 | |
| 31-12-2022 | abbreviated format | 11-05-2023 | 2023-00085816 | |
| 31-12-2021 | abbreviated format | 02-06-2022 | 2022-20043224 | |
| 31-12-2020 | abbreviated format | 11-06-2021 | 2021-20200003 | |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-37000047 | |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-42000391 | |
| 31-12-2017 | micro format | 05-07-2018 | 2018-28300076 | |
| 31-12-2016 | micro format | 07-07-2017 | 2017-27900578 | |
| 31-12-2015 | abbreviated format | 27-06-2016 | 2016-21700563 | |
| 31-12-2014 | abbreviated format | 02-06-2015 | 2015-13900077 | |
| 31-12-2013 | abbreviated format | 05-06-2014 | 2014-15100295 | |
| 31-12-2012 | abbreviated format | 05-06-2013 | 2013-14800148 | |
| 31-12-2011 | abbreviated format | 11-06-2012 | 2012-15700067 | |
| 31-12-2010 | abbreviated format | 22-06-2011 | 2011-18400334 | |
| 31-12-2009 | abbreviated format | 23-07-2010 | 2010-32600166 | |
| 31-12-2008 | abbreviated format | 19-06-2009 | 2009-24800026 | |
| 31-12-2007 | abbreviated format | 01-07-2008 | 2008-31500236 | |
| 31-12-2006 | abbreviated format | 14-06-2007 | 2007-21700317 | |
| 31-12-2005 | abbreviated format | 31-05-2006 | 2006-18200258 | |
| 31-12-2004 | abbreviated format | 24-06-2005 | 2005-33100201 | |
| 31-12-2003 | abbreviated format | 23-07-2004 | 2004-49804089 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 50,110 | 28,101 | 21,110 | 25,362 | 27,590 | 20,108 | 83,567 | 10,866 | 6,379 | 17,541 | 55,749 | 84,314 | 31,989 | 29,327 | 46,170 | 58,209 | -23,283 | 17,852 | 85,317 | 85,693 | ||
| 35,663 | 21,516 | 16,406 | 22,702 | 27,140 | 19,692 | 83,000 | 10,097 | 4,571 | 13,407 | 40,527 | 75,828 | 21,089 | 16,740 | 38,921 | 43,330 | -39,619 | 97 | 53,650 | 53,648 | ||
| 2,740 | 25,184 | 0 | 3,420 | 1,127 | 1,414 | 77,840 | 0 | 713 | -0 | 62,447 | 1,557 | -1 | 1,229 | 45,457 | 5,956 | 0 | 0 | 3,210 | 3,204 | ||
| -4,789 | -35,064 | 30,036 | -27,171 | 32,611 | 11,834 | 2,277 | 5,438 | -10,952 | 20,686 | -42,412 | 37,706 | -5,604 | 3,696 | -22,151 | 33,124 | -12,572 | -36,784 | 15,085 | - | ||
| 28,648 | -4,275 | -4,034 | -20,440 | -39,722 | -65,735 | -84,864 | -101,864 | -111,289 | -115,546 | -89,451 | -39,240 | -77,702 | -65,336 | -50,911 | -18,846 | -28,606 | 37,028 | 80,136 | 62,784 | ||
| - | - | - | - | - | 13.2% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 78.6% | 28.7% | -3.1% | -2.7% | -7.2% | -20.4% | -20.2% | -245.9% | -199.1% | -73.7% | -38.9% | -32.8% | -69.1% | -42.6% | -27.9% | -28.3% | -38.5% | -3.6% | 10.1% | 6.6% | ||
| 3.23 | 0.92 | 0.95 | 0.71 | 0.65 | 0.40 | 0.37 | 0.19 | 0.15 | 0.22 | 0.09 | 0.56 | 0.14 | 0.28 | 0.27 | 0.68 | 0.21 | 2.42 | 4.34 | 3.64 | ||
| 0.27 | 2.48 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.92 | 14.14 | ||
| 56.3% | 95.8% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 61.2% | 78.8% | ||
| 44.3% | 27.5% | -0.8% | 8.3% | 10.4% | 4.6% | 59.5% | -5.4% | -55.1% | -28.6% | 2.7% | 33.4% | -10.4% | -10.3% | 2.6% | 7.9% | -33.4% | -9.3% | 6.2% | 5.2% | ||
| 36.26 | over 100 | 4.97 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 69 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 4 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,740 | €25,184 | - | €3,420 | €1,127 |
| €9,154 | €1,828 | €17,077 | €16,978 | €16,131 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on REXPECT
The operating result for 2025 is 56% higher than in 2024 and the highest since 2019. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 71.3% to 21.4%. Equity is higher and debt is lower.