EXPLODEP
ActiveSummary
EXPLODEP has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €128k. Equity is growing by ~30.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 39.12 against 12.18 in 2023; short-term debt: 2% and cash: 0.7% of total assets), and 2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
98%
Return on assets
11.6%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
36 d early
2022
35 d early
2021
27 d early
2020
2 d late
2019
39 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.08M▲ 4.6%
2023 · €1.04M
2018: €229klowest in 7 years
2019: €298k▲ +30.3% vs 2018
2020: €393k▲ +31.9% vs 2019
2021: €495k▲ +26.1% vs 2020
2022: €950k▲ +92.0% vs 2021
2023: €1.04M▲ +9.0% vs 2022
2024: €1.08M▲ +4.6% vs 2023highest in 7 years
2018 → 2024
Total assets
€1.11M▲ 0.1%
2023 · €1.10M
2018: €284klowest in 7 years
2019: €320k▲ +12.7% vs 2018
2020: €416k▲ +29.7% vs 2019
2021: €514k▲ +23.7% vs 2020
2022: €1.01M▲ +96.1% vs 2021
2023: €1.10M▲ +9.5% vs 2022
2024: €1.11M▲ +0.1% vs 2023highest in 7 years
2018 → 2024
Net result
€128k▼ 4.8%
2023 · €135k
2018: €79k
2019: €70k▼ -12.0% vs 2018lowest in 7 years
2020: €96k▲ +37.0% vs 2019
2021: €103k▲ +7.6% vs 2020
2022: €456k▲ +342% vs 2021highest in 7 years
2023: €135k▼ -70.5% vs 2022
2024: €128k▼ -4.8% vs 2023
2018 → 2024
Working capital
€844k▲ 10.1%
2023 · €767k
2018: €103klowest in 7 years
2019: €164k▲ +59.1% vs 2018
2020: €259k▲ +57.9% vs 2019
2021: €365k▲ +40.8% vs 2020
2022: €817k▲ +124% vs 2021
2023: €767k▼ -6.1% vs 2022
2024: €844k▲ +10.1% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€393k-€495k▲ 26.1%€950k▲ 92.0%€1.04M▲ 9.0%€1.08M▲ 4.6%
2020: €393klowest in 5 years
2021: €495k▲ +26.1% vs 2020
2022: €950k▲ +92.0% vs 2021
2023: €1.04M▲ +9.0% vs 2022
2024: €1.08M▲ +4.6% vs 2023highest in 5 years
Operating result€135k-€145k▲ 7.7%€197k▲ 35.8%€191k▼ 2.9%€170k▼ 10.8%
2020: €135klowest in 5 years
2021: €145k▲ +7.7% vs 2020
2022: €197k▲ +35.8% vs 2021highest in 5 years
2023: €191k▼ -2.9% vs 2022
2024: €170k▼ -10.8% vs 2023
Net result€96k-€103k▲ 7.6%€456k▲ 342%€135k▼ 70.5%€128k▼ 4.8%
2020: €96klowest in 5 years
2021: €103k▲ +7.6% vs 2020
2022: €456k▲ +342% vs 2021highest in 5 years
2023: €135k▼ -70.5% vs 2022
2024: €128k▼ -4.8% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 11% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.11M
Fixed assets
€240k ▼ 10.9%
Current assets
€866k ▲ 3.7%
Equity and liabilities €1.11M
Equity
€1.08M ▲ 4.6%
Debt
€22k ▼ 67.7%
Debt's share of the balance-sheet total falls from 6.2% to 2.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€200k▼
2023 · €203k
Cash flow
€158k▲
2023 · €146k
Current ratio
39.12▲
2023 · 12.18
Debt to equity
0.02▼
2023 · 0.07
ROE
11.8%▼
2023 · 13.0%
ROA
11.6%▼
2023 · 12.2%
Interest coverage
1249.27▼
2023 · 1564.18
Debt ≤ 1 year
€22k▼
2023 · €69k
Income taxes
€54k▼
2023 · €57k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.10M€1.11M▲
Fixed assets21/28€269k€240k▼
Tangible fixed assets22/27€136k€106k▼
Furniture and vehicles24€133k€104k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28€134k€134k=
Current assets29/58€835k€866k▲
Amounts receivable within one year40/41€15k€9k▼
Trade receivables40€1k€0▼
Other amounts receivable41€14k€9k▼
Current investments50/53€752k€840k▲
Cash at bank and in hand54/58€54k€8k▼
Deferred charges and accrued income490/1€14k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.11M▲
Equity10/15€1.04M€1.08M▲
Contributions10/11€20k€20k=
Reserves13€941k€990k▲
Distributable reserves133€941k€990k▲
Profit (loss) carried forward14€75k€74k▼
Amounts payable17/49€69k€22k▼
Amounts payable within one year42/48€69k€22k▼
Trade debts44€1k€527▼
Suppliers440/4€1k€527▼
Taxes, remuneration and social security45€67k€21k▼
Taxes450/3€67k€21k▼
Other amounts payable47/48€242€242=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€29k▲
Other operating charges640/8€509€1k▲
Gross operating margin9900€203k€201k▼
Operating profit (loss)9901€191k€170k▼
Financial income75/76B€757€12k▲
Recurring financial income75€757€12k▲
Financial charges65/66B€130€160▲
Recurring financial charges65€130€160▲
Profit (loss) for the period before taxes9903€192k€182k▼
Income taxes67/77€57k€54k▼
Profit (loss) for the period9904€135k€128k▼
Profit (loss) for the period to be appropriated9905€135k€128k▼
Appropriation of the result
Profit (loss) to be appropriated9906€210k€203k▼
Profit (loss) brought forward from the previous period14P€76k€75k▼
Transfer from equity791/2€48k€79k▲
Transfer to equity691/2€135k€128k▼
To other reserves6921€135k€128k▼
Profit to be distributed694/7€49k€80k▲
Return on contributions (dividend)694€49k€80k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €12k | €29k | ▲ 151% |
| Other operating charges640/8 | - | €473 | €473 | €509 | €1k | ▲ 114% |
| Gross operating margin9900 | €135k | €145k | €197k | €203k | €201k | ▼ 1.2% |
| Operating profit (loss)9901 | €135k | €145k | €197k | €191k | €170k | ▼ 10.8% |
| Financial income75/76B | - | - | €350k | €757 | €12k | ▲ 1,453% |
| Recurring financial income75 | €0 | - | €350k | €757 | €12k | ▲ 1,453% |
| Financial charges65/66B | - | €53 | €98 | €130 | €160 | ▲ 23.4% |
| Recurring financial charges65 | €370 | €53 | €98 | €130 | €160 | ▲ 23.4% |
| Profit (loss) for the period before taxes9903 | €134k | €145k | €546k | €192k | €182k | ▼ 5.1% |
| Income taxes67/77 | €38k | €42k | €90k | €57k | €54k | ▼ 5.6% |
| Profit (loss) for the period9904 | €96k | €103k | €456k | €135k | €128k | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | €96k | €103k | €456k | €135k | €128k | ▼ 4.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €416k | €514k | €1.01M | €1.10M | €1.11M | ▲ 0.1% |
| Fixed assets21/28 | €134k | €134k | €134k | €269k | €240k | ▼ 10.9% |
| Tangible fixed assets22/27 | - | - | - | €136k | €106k | ▼ 21.7% |
| Furniture and vehicles24 | - | - | - | €133k | €104k | ▼ 21.7% |
| Other tangible fixed assets26 | - | - | - | €2k | €2k | ▼ 22.9% |
| Financial fixed assets28 | €134k | €134k | €134k | €134k | €134k | = |
| Current assets29/58 | €282k | €381k | €875k | €835k | €866k | ▲ 3.7% |
| Amounts receivable within one year40/41 | €0 | - | €6k | €15k | €9k | ▼ 39.7% |
| Trade receivables40 | - | - | - | €1k | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | €6k | €14k | €9k | ▼ 35.4% |
| Current investments50/53 | - | - | - | €752k | €840k | ▲ 11.7% |
| Cash at bank and in hand54/58 | €282k | €381k | €849k | €54k | €8k | ▼ 85.4% |
| Deferred charges and accrued income490/1 | - | - | €20k | €14k | €9k | ▼ 35.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €416k | €514k | €1.01M | €1.10M | €1.11M | ▲ 0.1% |
| Equity10/15 | €393k | €495k | €950k | €1.04M | €1.08M | ▲ 4.6% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €295k | €399k | €855k | €941k | €990k | ▲ 5.2% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €397k | €855k | €941k | €990k | ▲ 5.2% |
| Profit (loss) carried forward14 | €77k | €76k | €76k | €75k | €74k | ▼ 1.1% |
| Amounts payable17/49 | €23k | €19k | €58k | €69k | €22k | ▼ 67.7% |
| Amounts payable within one year42/48 | €23k | €16k | €58k | €69k | €22k | ▼ 67.7% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €1k | €182 | €0 | €1k | €527 | ▼ 48.4% |
| Suppliers440/4 | - | €182 | €0 | €1k | €527 | ▼ 48.4% |
| Taxes, remuneration and social security45 | - | €16k | €58k | €67k | €21k | ▼ 68.2% |
| Taxes450/3 | - | €16k | €58k | €67k | €21k | ▼ 68.2% |
| Other amounts payable47/48 | - | €25 | €25 | €242 | €242 | = |
| Accrued charges and deferred income492/3 | - | €3k | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96k | €103k | €456k | €135k | €128k | ▼ 4.8% |
| + Depreciation and write-downs630 | - | - | - | €12k | €29k | ▲ 151% |
| Operating cash flow (approximation) | €96k | €103k | €456k | €146k | €158k | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-147k | €0 | ▲ 100% |
| Change in cash | - | €99k | €468k | €-795k | €-46k | ▲ 94.2% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity triplescurrent ratio 39.12
Current ratio from 12.18 to 39.12; short-term debt falls from €69k to €22k.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.04M ▲9%
6 profitable years in a row build equity to €1.04M.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €456k ▲342%
Operating result €197k, net result €456k, both a record.
31-12
Financial
Equity above €500kEq €950k ▲92%
5 profitable years in a row build equity to €950k.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 39 days late
2019
31-12
Financial
Weakest financial yearnet €70k ▼12%
Net result drops to €70k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 8.21
Current ratio from 3.17 to 8.21; short-term debt falls from €47k to €23k.
Show earlier events
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Vilvoorde · 1 establishment unit since 2013
Ground area
669 m²
Building footprint
151 m²
Volume, LiDAR
761 m³
Parcel 23088A0112/00M000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Strombeeksesteenweg 224, 1800 Vilvoorde
since 20132.217.309.043
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0112/00M000 | Flanders | 669 m² | 1 · 151 m² | 7.6 m · 2 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 26,962 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
Founded04-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.