ACTIVE

EXPRESSION

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Financial year 2025 · closed on 31/12/2025

Net result

47,0 k €

+11.2% YoY

Gross margin

105,5 k €

-3.0% YoY

Equity

78,4 k €

0.0% YoY

What does EXPRESSION do?

EXPRESSION is a Public limited company incorporated in 1984. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0425.903.442

Incorporation

17/05/1984

Legal form

Public limited company

Registered office

Mont Saint-Martin 48
4000 Liège · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	105,5 k €	-3.0%	108,8 k €	+17.8%	92,3 k €	-4.6%	96,8 k €	+18.2%	81,8 k €	-6.0%	87,0 k €	+5.2%	82,7 k €	+0.8%	82,0 k €	+33.7%	61,3 k €	-33.3%	91,9 k €	+8.9%	84,4 k €	-26.8%	115,3 k €	+8.1%	106,6 k €	+1.5%	105,0 k €	+36.0%	77,2 k €	-23.5%	101,0 k €	-10.9%	113,4 k €	+3.2%	109,9 k €	+6.0%	103,7 k €
EBITDA	88,6 k €	-12.8%	101,5 k €	+20.0%	84,7 k €	-0.3%	84,9 k €	+24.3%	68,3 k €	-7.4%	73,8 k €	+6.3%	69,4 k €	+3.3%	67,2 k €	+25.5%	53,6 k €	-33.4%	80,4 k €	+9.9%	73,2 k €	-28.4%	102,1 k €	+7.1%	95,3 k €	+1.2%	94,2 k €	+44.2%	65,3 k €	-25.4%	87,6 k €	-17.1%	105,6 k €	+6.1%	99,6 k €	+6.9%	93,2 k €
Operating result	63,3 k €	+9.9%	57,6 k €	+33.3%	43,2 k €	+20.3%	35,9 k €	+215%	11,4 k €	-0.5%	11,4 k €	+1434%	-857,8 €	+64.0%	-2,4 k €	+94.2%	-41,0 k €	-240%	29,2 k €	-0.1%	29,2 k €	-52.0%	60,8 k €	+85.4%	32,8 k €	-34.7%	50,3 k €	+216%	15,9 k €	-67.3%	48,7 k €	-17.8%	59,2 k €	+16.1%	51,0 k €	+11.4%	45,7 k €
Net result	47,0 k €	+11.2%	42,3 k €	+34.2%	31,5 k €	-44.5%	56,8 k €	+104%	27,9 k €	+387%	5,7 k €	+177%	-7,4 k €	+20.8%	-9,4 k €	+80.1%	-47,1 k €	-479%	12,4 k €	-91.4%	145,1 k €	+387%	29,8 k €	+140%	12,4 k €	-49.3%	24,5 k €	+1493%	-1,8 k €	-108%	21,4 k €	-23.4%	28,0 k €	+13.5%	24,7 k €	+35.1%	18,3 k €
Balance sheet
Equity	78,4 k €	0.0%	78,4 k €	0.0%	78,4 k €	-72.3%	282,7 k €	+22.4%	230,9 k €	-0.7%	232,5 k €	+2.3%	227,3 k €	-20.9%	287,2 k €	-3.2%	296,6 k €	-13.7%	343,7 k €	+3.4%	332,4 k €	+77.5%	187,3 k €	+16.9%	160,1 k €	+8.4%	147,7 k €	+19.9%	123,3 k €	-1.4%	125,0 k €	+20.7%	103,6 k €	+37.0%	75,6 k €	+48.4%	51,0 k €
Total assets	216,4 k €	-7.3%	233,5 k €	-39.6%	386,7 k €	-10.9%	434,2 k €	-17.7%	527,9 k €	-1.4%	535,4 k €	+0.9%	530,7 k €	-16.2%	633,4 k €	-4.2%	661,0 k €	+16.3%	568,3 k €	-16.2%	677,8 k €	+32.2%	512,7 k €	-7.5%	554,5 k €	+15.2%	481,2 k €	-15.8%	571,6 k €	-3.7%	593,7 k €	-4.9%	624,3 k €	-4.0%	650,4 k €	-7.0%	699,2 k €
Cash	18,7 k €	-21.0%	23,7 k €	-86.4%	173,9 k €	-14.1%	202,3 k €	+90.5%	106,2 k €	+25.4%	84,7 k €	+71.3%	49,4 k €	-39.6%	81,9 k €	+18.0%	69,4 k €	-54.1%	151,2 k €	+20.5%	125,5 k €	+3911%	3,1 k €	+3.8%	3,0 k €	-0.6%	3,0 k €	-12.7%	3,5 k €	-67.2%	10,6 k €	-25.3%	14,2 k €	+348%	3,2 k €	-68.9%	10,2 k €
Debts	134,3 k €	-11.7%	152,1 k €	-50.1%	304,9 k €	+105%	148,7 k €	-49.4%	293,8 k €	-1.8%	299,2 k €	-0.2%	299,8 k €	-12.5%	342,5 k €	-5.3%	361,8 k €	+63.0%	222,0 k €	-35.1%	342,2 k €	+6.0%	322,7 k €	-17.1%	389,2 k €	+18.1%	329,5 k €	-26.0%	445,2 k €	-3.4%	461,0 k €	-10.7%	516,3 k €	-9.4%	570,2 k €	-11.6%	645,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

AKWA CONSTRUCT

Director · since 28 décembre 2021 · 0865.825.562

Represented by Verjans PATRICK

Active

Ended mandates

ARNOLD JAMOULLE

Managing director · since 15 mai 2017 · until 15 mai 2023

Ended

CARMEN JAMOULLE

Director · since 15 mai 2017 · until 15 mai 2023

Ended

DESIREE COURTOIS

Director · since 15 mai 2017 · until 15 mai 2023

Ended

DESIREE COURTOIS

Managing director · since 15 mai 2017 · until 15 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Association des Copropriétaires Résidence du Mont Saint Martin à Liège rue Mont Saint Martin 48● Active	0820.334.938

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/08/2026	27/08/2025	29/07/2024	01/09/2023	31/08/2022	31/08/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	20/08/2023	31/07/2022	31/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	14/08/2026	French	PDF
Abridged model	31/12/2024	26/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	27/06/2024	29/07/2024	French	PDF
Micro model	31/12/2022	20/08/2023	01/09/2023	French	PDF
Micro model	31/12/2021	31/07/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	25/08/2020	09/11/2020	French	PDF
Abridged model	31/12/2018	25/08/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	31/07/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	02/08/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	25/07/2014	30/08/2014	French	PDF
Abridged model	31/12/2012	20/09/2013	30/09/2013	French	PDF
Abridged model	31/12/2011	29/08/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	12/08/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	03/09/2010	03/09/2010	French	PDF
Abridged model	31/12/2008	20/09/2009	30/09/2009	French	PDF
Abridged model	31/12/2007	20/08/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	22/07/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

AKWA CONSTRUCT

Director · since 28 décembre 2021 · 0865.825.562

Represented by Verjans PATRICK

Active

Ended mandates

ARNOLD JAMOULLE

Managing director · since 15 mai 2017 · until 15 mai 2023

Ended

CARMEN JAMOULLE

Director · since 15 mai 2017 · until 15 mai 2023

Ended

DESIREE COURTOIS

Director · since 15 mai 2017 · until 15 mai 2023

Ended

DESIREE COURTOIS

Managing director · since 15 mai 2017 · until 15 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/02/2022
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates21/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates17/01/2011
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202547,0 k €↑
2024
Annual accounts 202442,3 k €↑
2023
Annual accounts 202331,5 k €↓
2022
Annual accounts 202256,8 k €↑
2021
Annual accounts 202127,9 k €↑
2020
Annual accounts 20205,7 k €↑
2019
Annual accounts 2019-7,4 k €↑
2018
Annual accounts 2018-9,4 k €↑
2017
Annual accounts 2017-47,1 k €↓
2016
Annual accounts 201612,4 k €↓
2015
Annual accounts 2015145,1 k €↑
2014
Annual accounts 201429,8 k €↑
2013
Annual accounts 201312,4 k €↓
2012
Annual accounts 201224,5 k €↑
2011
Annual accounts 2011-1,8 k €↓
2010
Annual accounts 201021,4 k €↓
2009
Annual accounts 200928,0 k €↑
2008
Annual accounts 200824,7 k €↑
2007
Annual accounts 200718,3 k €
17/05/1984
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

EXPRESSION

Overview

What does EXPRESSION do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline