XPEQT
InactiveInactive; last annual accounts for fiscal year 2025.
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 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
97 d early
2023
86 d early
2022
97 d early
2021
54 d early
2020
52 d early
2019
14 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.41M▼ 29.8%
2024 · €2.01M
2018: €10.47M
2019: €5.50M
2020: €2.69M
2021: €5.44M
2022: €7.14M
2023: €8.88M
2024: €2.01M
2018 → 2025
EBIT margin
29.4%▼ 7.9pp
2024 · 37.3%
2018: 17.1%
2019: 14.9%
2020: 10.7%
2021: 8.9%
2022: 10.6%
2023: 8.3%
2024: 37.3%
2018 → 2025
Net result
€296k▼ 90.7%
2024 · €3.18M
2018: €1.96M
2019: €934k
2020: €225k
2021: €569k
2022: €847k
2023: €599k
2024: €3.18M
2018 → 2025
Working capital
€1.91M▲ 23.1%
2024 · €1.55M
2018: €8.71M
2019: €2.61M
2020: €2.78M
2021: €3.35M
2022: €1.66M
2023: €2.20M
2024: €1.55M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.44M-€7.14M▲ 31.2%€8.88M▲ 24.4%€2.01M▼ 77.4%€1.41M▼ 29.8%
Equity€6.13M-€4.48M▼ 27.0%€5.07M▲ 13.4%€4.40M▼ 13.3%€4.70M▲ 6.7%
Operating result€483k-€754k▲ 56.1%€739k▼ 2.0%€749k▲ 1.3%€414k▼ 44.7%
Net result€569k-€847k▲ 48.9%€599k▼ 29.3%€3.18M▲ 431%€296k▼ 90.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.90M
Fixed assets
€2.79M ▼ 2.2%
Current assets
€2.11M ▼ 32.4%
Equity and liabilities €4.90M
Equity
€4.70M ▲ 6.7%
Debt
€200k ▼ 87.3%
Debt's share of the balance-sheet total falls from 26.3% to 4.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€448k▼
2024 · €782k
Cash flow
€331k▼
2024 · €3.21M
Current ratio
10.57▲
2024 · 1.99
Quick ratio
6.76▲
2024 · 1.63
Debt to equity
0.04▼
2024 · 0.36
ROE
6.3%▼
2024 · 72.3%
ROA
6.1%▼
2024 · 53.2%
Interest coverage
113.63▲
2024 · 106.98
Debt ≤ 1 year
€200k▼
2024 · €1.57M
Income taxes
€114k▲
2024 · €92k
Staff costs
€454k▲
2024 · €438k
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 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.97M€4.90M▼
Fixed assets21/28€2.85M€2.79M▼
Tangible fixed assets22/27€111k€48k▼
Plant, machinery and equipment23€62k€48k▼
Furniture and vehicles24€49k€0▼
Financial fixed assets28€2.74M€2.74M=
Affiliated companies280/1€2.74M€2.74M=
Participating interests280€2.74M€2.74M=
Other financial fixed assets284/8€1k€1k=
Amounts receivable and cash guarantees285/8€1k€1k=
Current assets29/58€3.12M€2.11M▼
Stocks and contracts in progress3€560k€760k▲
Stocks30/36€27k€28k▲
Raw materials and consumables30/31€27k€28k▲
Contracts in progress37€533k€733k▲
Amounts receivable within one year40/41€528k€76k▼
Trade receivables40€528k€76k▼
Cash at bank and in hand54/58€2.03M€1.27M▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€5.97M€4.90M▼
Equity10/15€4.40M€4.70M▲
Contributions10/11€4.00M€4.00M=
Capital10€4.00M€4.00M=
Issued capital100€4.00M€4.00M=
Reserves13€400k€400k=
Non-distributable reserves130/1€400k€400k=
Legal reserve130€400k€400k=
Profit (loss) carried forward14€0€296k▲
Amounts payable17/49€1.57M€200k▼
Amounts payable within one year42/48€1.57M€200k▼
Trade debts44€50k€33k▼
Suppliers440/4€50k€33k▼
Taxes, remuneration and social security45€167k€167k▼
Taxes450/3€118k€116k▼
Remuneration and social security454/9€49k€51k▲
Other amounts payable47/48€1.35M-
Income statement
Code20242025
Operating income70/76A€2.19M€1.65M▼
Turnover70€2.01M€1.41M▼
Change in stocks of work in progress, finished goods and contracts in progress71€141k€199k▲
Other operating income74€40k€46k▲
Operating charges60/66A€1.44M€1.24M▼
Goods for resale, raw materials and consumables60€516k€471k▼
Purchases600/8€488k€471k▼
Change in stocks: decrease (increase)609€28k€-725▼
Services and other goods61€450k€279k▼
Remuneration, social security and pensions62€438k€454k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€34k▲
Other operating charges640/8€1k€2k▲
Operating profit (loss)9901€749k€414k▼
Financial income75/76B€2.53M€78▼
Recurring financial income75€2.53M€78▼
Income from financial fixed assets750€2.50M-
Other financial income752/9€29k€78▼
Financial charges65/66B€7k€4k▼
Recurring financial charges65€7k€4k▼
Other financial charges652/9€7k€4k▼
Profit (loss) for the period before taxes9903€3.27M€410k▼
Income taxes67/77€92k€114k▲
Taxes670/3€92k€114k▲
Profit (loss) for the period9904€3.18M€296k▼
Profit (loss) for the period to be appropriated9905€3.18M€296k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.85M€296k▼
Profit (loss) brought forward from the previous period14P€675k€0▼
Profit to be distributed694/7€3.85M-
Return on contributions (dividend)694€3.85M-
Social balance
Average headcount (FTE)90874.84.8=
The notes to these accounts (39 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 5current ratio 10.57
Current ratio from 1.99 to 10.57; short-term debt falls from €1.57M to €200k.
08-10
State Gazette act
Board meeting · Merger
Accounting effect · Personnel transfer · Hans Derache
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €3.18M ▲431%
Net result €3.18M, the highest in the series.
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 3.66
Current ratio from 1.47 to 3.66; short-term debt falls from €3.52M to €828k.
31-12
Financial
Equity above €5MEq €5.07M ▲13.4%
6 profitable years in a row build equity to €5.07M.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €225k ▼75.9%
Net result drops to €225k, the lowest in the series.
Show earlier events
31-12
Financial
Liquidity times 8current ratio 21.59
Current ratio from 2.61 to 21.59; short-term debt falls from €1.62M to €135k.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 14 days late
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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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Structure & network
Acquisitions and mergers
1 transactionTaken over by:MELEXIS