Expoline
ActiveSummary
Expoline has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-40k) and a net result of €-47k. Equity is growing by ~28.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 116 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-28
Solvency11▼-15
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.85 against 0.99 in 2024; short-term debt: 113.5% and cash: 1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-13.5%
Return on assets
-16.1%
Age of the figures
9 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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-40k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
27 d early
2023
6 d early
2022
4 d late
2021
12 d late
2020
27 d late
2019
6 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-40k
2024 · €7k
2018: €-34k
2019: €-19k▲ +44.2% vs 2018
2020: €-18k▲ +8.2% vs 2019
2021: €-14k▲ +20.5% vs 2020
2022: €-11k▲ +19.6% vs 2021
2023: €8k▲ +172% vs 2022highest in 8 years
2024: €7k▼ -7.1% vs 2023
2025: €-40k▼ -631% vs 2024lowest in 8 years
2018 → 2025
Total assets
€293k▼ 46.4%
2024 · €547k
2018: €347k
2019: €518k▲ +49.4% vs 2018
2020: €411k▼ -20.7% vs 2019
2021: €291k▼ -29.1% vs 2020lowest in 8 years
2022: €409k▲ +40.4% vs 2021
2023: €515k▲ +26.0% vs 2022
2024: €547k▲ +6.3% vs 2023highest in 8 years
2025: €293k▼ -46.4% vs 2024
2018 → 2025
Net result
€-47k▼ 8,143%
2024 · €-571
2018: €-39k
2019: €15k▲ +139% vs 2018
2020: €2k▼ -89.6% vs 2019
2021: €4k▲ +129% vs 2020
2022: €3k▼ -24.2% vs 2021
2023: €19k▲ +604% vs 2022highest in 8 years
2024: €-571▼ -103% vs 2023
2025: €-47k▼ -8143% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-50k▼ 1,107%
2024 · €-4k
2018: €-72k
2019: €-91k▼ -26.4% vs 2018lowest in 8 years
2020: €-71k▲ +22.5% vs 2019
2021: €-50k▲ +30.0% vs 2020
2022: €-38k▲ +23.5% vs 2021
2023: €-8k▲ +79.0% vs 2022
2024: €-4k▲ +47.5% vs 2023highest in 8 years
2025: €-50k▼ -1107% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-14k-€-11k▲ 19.6%€8k€7k▼ 7.1%€-40k
2021: €-14k
2022: €-11k▲ +19.6% vs 2021
2023: €8k▲ +172% vs 2022highest in 5 years
2024: €7k▼ -7.1% vs 2023
2025: €-40k▼ -631% vs 2024lowest in 5 years
Operating result€9k-€9k▲ 2.3%€31k▲ 248%€22k▼ 27.0%€-39k
2021: €9k
2022: €9k▲ +2.3% vs 2021
2023: €31k▲ +248% vs 2022highest in 5 years
2024: €22k▼ -27.0% vs 2023
2025: €-39k▼ -271% vs 2024lowest in 5 years
Net result€4k-€3k▼ 24.2%€19k▲ 604%€-571€-47k▼ 8,143%
2021: €4k
2022: €3k▼ -24.2% vs 2021
2023: €19k▲ +604% vs 2022highest in 5 years
2024: €-571▼ -103% vs 2023
2025: €-47k▼ -8143% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €293k
Fixed assets
€11k ▼ 25.0%
Current assets
€283k ▼ 47.0%
Key figures and ratios
EBITDA
€-35k▼
2024 · €28k
Cash flow
€-44k▼
2024 · €5k
Solvency
-13.5%▼
2024 · 1.4%
Current ratio
0.85▼
2024 · 0.99
Quick ratio
0.75▼
2024 · 0.88
Debt to equity
-8.40▼
2024 · 72.32
ROA
-16.1%▼
2024 · -0.1%
Interest coverage
-3.54▼
2024 · 1.09
Debt
€333k▼
2024 · €540k
Debt ≤ 1 year
€333k▼
2024 · €537k
Staff costs
€5k▼
2024 · €5k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€547k€293k▼
Fixed assets21/28€14k€11k▼
Intangible fixed assets21€14k€11k▼
Current assets29/58€533k€283k▼
Stocks and contracts in progress3€59k€32k▼
Stocks30/36€59k€32k▼
Amounts receivable within one year40/41€470k€248k▼
Trade receivables40€420k€240k▼
Other amounts receivable41€50k€8k▼
Cash at bank and in hand54/58€4k€3k▼
Deferred charges and accrued income490/1€60€60=
Equity and liabilities
Total equity and liabilities10/49€547k€293k▼
Equity10/15€7k€-40k▼
Contributions10/11€19k€19k=
Reserves13€73k€73k=
Distributable reserves133€73k€73k=
Profit (loss) carried forward14€-84k€-131k▼
Amounts payable17/49€540k€333k▼
Amounts payable within one year42/48€537k€333k▼
Financial debts43€150k€0▼
Credit institutions430/8€150k€0▼
Trade debts44€358k€293k▼
Suppliers440/4€358k€293k▼
Other amounts payable47/48€29k€40k▲
Accrued charges and deferred income492/3€3k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€5k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€474€463▼
Gross operating margin9900€33k€-30k▼
Operating profit (loss)9901€22k€-39k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€25k€10k▼
Recurring financial charges65€25k€10k▼
Profit (loss) for the period before taxes9903€-571€-47k▼
Profit (loss) for the period9904€-571€-47k▼
Profit (loss) for the period to be appropriated9905€-571€-47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-84k€-131k▼
Profit (loss) brought forward from the previous period14P€-83k€-84k▼
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €625 | €160 | €528 | €5k | €5k | ▼ 10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €8k | €7k | €5k | €4k | ▼ 30.5% |
| Other operating charges640/8 | €410 | €410 | €446 | €474 | €463 | ▼ 2.5% |
| Non-recurring operating charges66A | - | €2k | €0 | - | - | - |
| Gross operating margin9900 | €27k | €19k | €39k | €33k | €-30k | ▼ 191% |
| Operating profit (loss)9901 | €9k | €9k | €31k | €22k | €-39k | ▼ 271% |
| Financial income75/76B | €928 | €626 | €2k | €2k | €1k | ▼ 39.0% |
| Recurring financial income75 | €928 | €626 | €2k | €2k | €1k | ▼ 39.0% |
| Financial charges65/66B | €6k | €7k | €14k | €25k | €10k | ▼ 60.9% |
| Recurring financial charges65 | €6k | €7k | €14k | €25k | €10k | ▼ 60.9% |
| Profit (loss) for the period before taxes9903 | €4k | €3k | €19k | €-571 | €-47k | ▼ 8,143% |
| Profit (loss) for the period9904 | €4k | €3k | €19k | €-571 | €-47k | ▼ 8,143% |
| Profit (loss) for the period to be appropriated9905 | €4k | €3k | €19k | €-571 | €-47k | ▼ 8,143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €291k | €409k | €515k | €547k | €293k | ▼ 46.4% |
| Fixed assets21/28 | €36k | €27k | €19k | €14k | €11k | ▼ 25.0% |
| Intangible fixed assets21 | €34k | €27k | €19k | €14k | €11k | ▼ 25.0% |
| Tangible fixed assets22/27 | €2k | €106 | €0 | - | - | - |
| Other tangible fixed assets26 | €2k | €106 | €0 | - | - | - |
| Current assets29/58 | €255k | €382k | €496k | €533k | €283k | ▼ 47.0% |
| Stocks and contracts in progress3 | €76k | €79k | €79k | €59k | €32k | ▼ 46.3% |
| Stocks30/36 | €76k | €79k | €79k | €59k | €32k | ▼ 46.3% |
| Amounts receivable within one year40/41 | €172k | €290k | €405k | €470k | €248k | ▼ 47.2% |
| Trade receivables40 | €122k | €244k | €361k | €420k | €240k | ▼ 42.9% |
| Other amounts receivable41 | €50k | €45k | €45k | €50k | €8k | ▼ 83.6% |
| Cash at bank and in hand54/58 | €7k | €13k | €9k | €4k | €3k | ▼ 26.2% |
| Deferred charges and accrued income490/1 | €969 | €692 | €2k | €60 | €60 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €291k | €409k | €515k | €547k | €293k | ▼ 46.4% |
| Equity10/15 | €-14k | €-11k | €8k | €7k | €-40k | ▼ 631% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €73k | €73k | €73k | €73k | €73k | = |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €71k | €73k | €73k | €73k | €73k | = |
| Profit (loss) carried forward14 | €-105k | €-102k | €-83k | €-84k | €-131k | ▼ 56.3% |
| Amounts payable17/49 | €305k | €420k | €507k | €540k | €333k | ▼ 38.3% |
| Amounts payable within one year42/48 | €305k | €420k | €504k | €537k | €333k | ▼ 38.0% |
| Financial debts43 | €150k | €150k | €150k | €150k | €0 | ▼ 100% |
| Credit institutions430/8 | €150k | €150k | €150k | €150k | €0 | ▼ 100% |
| Trade debts44 | €151k | €215k | €293k | €358k | €293k | ▼ 18.3% |
| Suppliers440/4 | €151k | €215k | €293k | €358k | €293k | ▼ 18.3% |
| Other amounts payable47/48 | €4k | €55k | €60k | €29k | €40k | ▲ 39.0% |
| Accrued charges and deferred income492/3 | €382 | €124 | €3k | €3k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €3k | €19k | €-571 | €-47k | ▼ 8,143% |
| + Depreciation and write-downs630 | €18k | €8k | €7k | €5k | €4k | ▼ 30.5% |
| Operating cash flow (approximation) | €21k | €10k | €27k | €5k | €-44k | ▼ 1,057% |
| Investment in fixed assets (approximation) | - | €2k | €0 | €0 | €0 | - |
| Change in cash | - | €7k | €-5k | €-5k | €-1k | ▲ 76.7% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €19k ▲604%
Operating result €31k, net result €19k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Tessenderlo-Ham · 1 establishment unit since 2011
Ground area
1.2 ha
Building footprint
2,050 m²
Volume, LiDAR
13,679 m³
Parcel 71363C0076/00M000, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Expoline Sportlines Group
since 20112.204.773.673
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0076/00M000 | Flanders | 1.2 ha | 1 · 2,050 m² | 11.1 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 692 companies in sector 20300 we hold annual accounts for 444. 88 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
Founded16-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
20300Manufacture of chemicals and chemical products
46833Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.