Summary
XPAND is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €620k and a net result of €94k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 26% of 8048 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
on the day
2022
14 d late
2021
25 d late
2020
5 d late
2019
7 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€620k▲ 14.6%
2024 · €541k
2019: €350klowest in 7 years
2020: €389k▲ +10.9% vs 2019
2021: €389k● +0.0% vs 2020
2022: €387k▼ -0.4% vs 2021
2023: €618k▲ +59.8% vs 2022
2024: €541k▼ -12.6% vs 2023
2025: €620k▲ +14.6% vs 2024highest in 7 years
2019 → 2025
Net result
€94k▲ 62.1%
2024 · €58k
2019: €19k
2020: €46k▲ +139% vs 2019
2021: €5k▼ -89.1% vs 2020lowest in 7 years
2022: €10k▲ +103% vs 2021
2023: €194k▲ +1785% vs 2022highest in 7 years
2024: €58k▼ -70.2% vs 2023
2025: €94k▲ +62.1% vs 2024
2019 → 2025
Total assets
€2.84M▲ 16.1%
2024 · €2.45M
2019: €1.47M
2020: €1.45M▼ -1.8% vs 2019
2021: €1.44M▼ -0.6% vs 2020
2022: €1.29M▼ -10.6% vs 2021lowest in 7 years
2023: €1.60M▲ +24.4% vs 2022
2024: €2.45M▲ +52.9% vs 2023
2025: €2.84M▲ +16.1% vs 2024highest in 7 years
2019 → 2025
Solvency
21.8%▼ 0.3pp
2024 · 22.1%
2019: 23.8%
2020: 26.9%▲ +13.0% vs 2019
2021: 27.0%▲ +0.6% vs 2020
2022: 30.1%▲ +11.3% vs 2021
2023: 38.6%▲ +28.5% vs 2022highest in 7 years
2024: 22.1%▼ -42.8% vs 2023
2025: 21.8%▼ -1.2% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€389k-€387k▼ 0.4%€618k▲ 59.8%€541k▼ 12.6%€620k▲ 14.6%
2021: €389k
2022: €387k▼ -0.4% vs 2021lowest in 5 years
2023: €618k▲ +59.8% vs 2022
2024: €541k▼ -12.6% vs 2023
2025: €620k▲ +14.6% vs 2024highest in 5 years
Operating result€34k-€61k▲ 78.6%€306k▲ 405%€154k▼ 49.7%€233k▲ 51.3%
2021: €34klowest in 5 years
2022: €61k▲ +78.6% vs 2021
2023: €306k▲ +405% vs 2022highest in 5 years
2024: €154k▼ -49.7% vs 2023
2025: €233k▲ +51.3% vs 2024
Net result€5k-€10k▲ 103%€194k▲ 1,785%€58k▼ 70.2%€94k▲ 62.1%
2021: €5klowest in 5 years
2022: €10k▲ +103% vs 2021
2023: €194k▲ +1785% vs 2022highest in 5 years
2024: €58k▼ -70.2% vs 2023
2025: €94k▲ +62.1% vs 2024
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 51% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.84M
Fixed assets
€2.40M ▲ 18.4%
Current assets
€437k ▲ 4.8%
Equity and liabilities €2.84M
Equity
€620k ▲ 14.6%
Debt
€2.22M ▲ 16.5%
Debt's share of the balance-sheet total rises from 77.9% to 78.2%. Equity and debt are higher.
Key figures and ratios
ROE
15.1%▲
2024 · 10.7%
ROA
3.3%▲
2024 · 2.4%
Debt ≤ 1 year
€454k▲
2024 · €396k
Debt > 1 year
€1.75M▲
2024 · €1.49M
Income taxes
€51k▲
2024 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.45M€2.84M▲
Fixed assets21/28€2.03M€2.40M▲
Tangible fixed assets22/27€2.03M€2.40M▲
Land and buildings22€2.02M€2.39M▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€3k€5k▲
Other tangible fixed assets26€1k€1k=
Current assets29/58€417k€437k▲
Amounts receivable after more than one year29€25k€25k=
Other amounts receivable291€25k€25k=
Amounts receivable within one year40/41€294k€319k▲
Trade receivables40€22k€21k▼
Other amounts receivable41€272k€298k▲
Cash at bank and in hand54/58€95k€92k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.45M€2.84M▲
Equity10/15€541k€620k▲
Contributions10/11€75k€75k=
Reserves13€466k€545k▲
Tax-exempt reserves132€38k€38k=
Distributable reserves133€428k€507k▲
Amounts payable17/49€1.91M€2.22M▲
Amounts payable after more than one year17€1.49M€1.75M▲
Financial debts170/4€1.36M€1.62M▲
Other amounts payable178/9€128k€131k▲
Amounts payable within one year42/48€396k€454k▲
Current portion of amounts payable after more than one year42€153k€183k▲
Trade debts44€13k€8k▼
Suppliers440/4€13k€8k▼
Taxes, remuneration and social security45€42k€31k▼
Taxes450/3€42k€31k▼
Other amounts payable47/48€188k€232k▲
Accrued charges and deferred income492/3€23k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€206k€154k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€29k
Other operating charges640/8€4k€9k▲
Gross operating margin9900€365k€424k▲
Operating profit (loss)9901€154k€233k▲
Financial income75/76B-€209
Recurring financial income75-€209
Financial charges65/66B€57k€89k▲
Recurring financial charges65€57k€89k▲
Profit (loss) for the period before taxes9903€97k€144k▲
Income taxes67/77€39k€51k▲
Profit (loss) for the period9904€58k€94k▲
Profit (loss) for the period to be appropriated9905€58k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€94k▼
Profit (loss) brought forward from the previous period14P€71k-
Transfer from equity791/2€135k€15k▼
Transfer to equity691/2€128k€94k▼
To the legal reserve6920€70k-
To other reserves6921€58k€94k▲
Profit to be distributed694/7€136k€15k▼
Return on contributions (dividend)694€136k€15k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82k | €63k | €58k | €206k | €154k | ▼ 25.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €29k | - |
| Other operating charges640/8 | - | €3k | €4k | €4k | €9k | ▲ 110% |
| Gross operating margin9900 | €129k | €126k | €368k | €365k | €424k | ▲ 16.4% |
| Operating profit (loss)9901 | €34k | €61k | €306k | €154k | €233k | ▲ 51.3% |
| Financial income75/76B | - | €15 | €43 | - | €209 | - |
| Recurring financial income75 | €18 | €15 | €43 | - | €209 | - |
| Financial charges65/66B | - | €20k | €21k | €57k | €89k | ▲ 55.2% |
| Recurring financial charges65 | €21k | €20k | €21k | €57k | €89k | ▲ 55.2% |
| Profit (loss) for the period before taxes9903 | €13k | €40k | €285k | €97k | €144k | ▲ 49.1% |
| Income taxes67/77 | €8k | €30k | €91k | €39k | €51k | ▲ 29.9% |
| Profit (loss) for the period9904 | €5k | €10k | €194k | €58k | €94k | ▲ 62.1% |
| Transfer from tax-exempt reserves789 | - | €56k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €5k | €67k | €194k | €58k | €94k | ▲ 62.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.44M | €1.29M | €1.60M | €2.45M | €2.84M | ▲ 16.1% |
| Fixed assets21/28 | €1.23M | €1.17M | €1.12M | €2.03M | €2.40M | ▲ 18.4% |
| Tangible fixed assets22/27 | €1.23M | €1.17M | €1.12M | €2.03M | €2.40M | ▲ 18.4% |
| Land and buildings22 | - | €1.17M | €1.11M | €2.02M | €2.39M | ▲ 18.3% |
| Plant, machinery and equipment23 | - | €3k | €2k | €4k | €3k | ▼ 24.6% |
| Furniture and vehicles24 | - | €5k | €298 | €3k | €5k | ▲ 88.9% |
| Other tangible fixed assets26 | - | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €205k | €113k | €483k | €417k | €437k | ▲ 4.8% |
| Amounts receivable after more than one year29 | - | - | €25k | €25k | €25k | = |
| Other amounts receivable291 | - | - | €25k | €25k | €25k | = |
| Amounts receivable within one year40/41 | €158k | €51k | €251k | €294k | €319k | ▲ 8.4% |
| Trade receivables40 | - | €6k | €17k | €22k | €21k | ▼ 6.2% |
| Other amounts receivable41 | - | €45k | €235k | €272k | €298k | ▲ 9.6% |
| Cash at bank and in hand54/58 | €46k | €59k | €206k | €95k | €92k | ▼ 4.0% |
| Deferred charges and accrued income490/1 | - | €3k | €1k | €3k | €2k | ▼ 28.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.44M | €1.29M | €1.60M | €2.45M | €2.84M | ▲ 16.1% |
| Equity10/15 | €389k | €387k | €618k | €541k | €620k | ▲ 14.6% |
| Contributions10/11 | - | €30k | €75k | €75k | €75k | = |
| Outside capital11 | - | €30k | - | - | - | - |
| Other1109/19 | - | €30k | - | - | - | - |
| Reserves13 | €288k | €287k | €473k | €466k | €545k | ▲ 17.0% |
| Non-distributable reserves130/1 | - | €8k | €8k | - | - | - |
| Reserves not available under the articles1311 | - | €8k | €8k | - | - | - |
| Tax-exempt reserves132 | - | €38k | €38k | €38k | €38k | = |
| Distributable reserves133 | - | €242k | €428k | €428k | €507k | ▲ 18.4% |
| Profit (loss) carried forward14 | €71k | €71k | €71k | - | - | - |
| Amounts payable17/49 | €1.05M | €900k | €982k | €1.91M | €2.22M | ▲ 16.5% |
| Amounts payable after more than one year17 | €839k | €746k | €643k | €1.49M | €1.75M | ▲ 17.5% |
| Financial debts170/4 | - | €724k | €633k | €1.36M | €1.62M | ▲ 18.9% |
| Other amounts payable178/9 | - | €22k | €10k | €128k | €131k | ▲ 2.6% |
| Amounts payable within one year42/48 | €207k | €136k | €326k | €396k | €454k | ▲ 14.6% |
| Current portion of amounts payable after more than one year42 | - | €90k | €90k | €153k | €183k | ▲ 20.2% |
| Trade debts44 | €100k | €8k | €11k | €13k | €8k | ▼ 39.5% |
| Suppliers440/4 | - | €8k | €11k | €13k | €8k | ▼ 39.5% |
| Taxes, remuneration and social security45 | - | €18k | €66k | €42k | €31k | ▼ 27.9% |
| Taxes450/3 | - | €18k | €66k | €42k | €31k | ▼ 27.9% |
| Other amounts payable47/48 | - | €20k | €158k | €188k | €232k | ▲ 23.4% |
| Accrued charges and deferred income492/3 | - | €18k | €13k | €23k | €19k | ▼ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €10k | €194k | €58k | €94k | ▲ 62.1% |
| + Depreciation and write-downs630 | €82k | €63k | €58k | €206k | €154k | ▼ 25.5% |
| Operating cash flow (approximation) | €87k | €73k | €252k | €264k | €248k | ▼ 6.3% |
| Investment in fixed assets (approximation) | - | €-3k | €-947 | €-1.12M | €-526k | ▲ 53.0% |
| Change in cash | - | €13k | €147k | €-110k | €-4k | ▲ 96.6% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €194k ▲1,785%
Operating result €306k, net result €194k, both a record.
30-06
Financial
Equity above €500kEq €618k ▲59.8%
5 profitable years in a row build equity to €618k.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Weakest financial yearnet €5k ▼89.1%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
30-06
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.53 to 1.08; short-term debt falls from €178k to €135k.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
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 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 2010
Ground area
192 m²
Building footprint
152 m²
Volume, LiDAR
1,320 m³
Parcel 44815F0987/00B000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
XPAND
since 20102.192.919.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F0987/00B000 | Flanders | 192 m² | 1 · 152 m² | 11.5 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 891 EUR awarded · 891 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 891 EUR | 891 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,462 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
Founded13-10-2010
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
77223Rental and leasing activities
82990Other business support services
90393Specialised image, lighting and sound technical services
Scores and ratios are computed by Checked and are not a credit decision.