ACTIVE

XPAND (SRL)

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Financial year 2024 · closed on 31/12/2024

Net result

-9,2 k €

+82.5% YoY

Gross margin

-12 k €

-7.0% YoY

Equity

374 k €

-2.4% YoY

What does XPAND do?

XPAND is a Private limited company incorporated in 1984. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.604.911

Incorporation

18/12/1984

Legal form

Private limited company

Registered office

Rue de France 3
4800 Verviers · WallonieSee on map

Contributed capital

3 000,00 €

Latest accounts

31/12/2024

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-12 k €	-7.0%	-11,2 k €	-139%	28,8 k €	-40.5%	48,4 k €	+1.8%	47,5 k €	-4.2%	49,6 k €	-23.8%	65,1 k €	-5.0%	68,5 k €	-42.1%	118,3 k €	-38.6%	192,6 k €	-13.5%	222,5 k €	-13.4%	257 k €	+23.9%	207,5 k €	+17.1%	177,2 k €	-2.6%	182 k €	-12.0%	206,9 k €	+23.9%	167 k €	+19.8%	139,4 k €
EBITDA	-12,6 k €	+63.1%	-34,1 k €	-252%	22,4 k €	-46.2%	41,6 k €	+1.5%	41 k €	+38.6%	29,6 k €	-49.6%	58,8 k €	-5.0%	61,9 k €	-25.8%	83,4 k €	-39.0%	136,8 k €	-2.7%	140,6 k €	+1.6%	138,4 k €	+7.5%	128,7 k €	+22.0%	105,4 k €	-15.1%	124,3 k €	-0.1%	124,4 k €	+47.8%	84,2 k €	-8.2%	91,6 k €
Operating result	-12,6 k €	+63.1%	-34,1 k €	-676%	5,9 k €	-76.5%	25,1 k €	+26.9%	19,8 k €	+136%	8,4 k €	-77.7%	37,6 k €	-6.5%	40,2 k €	-36.6%	63,4 k €	-6.9%	68,2 k €	-9.1%	75 k €	-15.1%	88,3 k €	+28.1%	69 k €	+19.6%	57,7 k €	-30.8%	83,3 k €	+22.8%	67,8 k €	+0.5%	67,5 k €	+5.9%	63,7 k €
Net result	-9,2 k €	+82.5%	-52,2 k €	-895%	-5,3 k €	-148%	11 k €	+57.9%	7 k €	+177%	-9,1 k €	-161%	14,8 k €	-4.0%	15,4 k €	-41.0%	26,1 k €	+7.9%	24,2 k €	-8.1%	26,3 k €	-7.1%	28,4 k €	+92.6%	14,7 k €	+12.9%	13 k €	-36.0%	20,4 k €	-13.3%	23,5 k €	-13.4%	27,2 k €	+12.0%	24,2 k €
Balance sheet
Equity	374 k €	-2.4%	383,2 k €	+810%	42,1 k €	-47.2%	79,7 k €	+30.9%	60,9 k €	+12.9%	53,9 k €	-14.4%	63 k €	+7.0%	58,9 k €	+2.5%	57,5 k €	-28.4%	80,4 k €	+12.9%	71,1 k €	+9.8%	64,8 k €	+0.6%	64,4 k €	+4.4%	61,7 k €	+1.7%	60,6 k €	+14.4%	53 k €	+7.1%	49,5 k €	+32.6%	37,3 k €
Total assets	431,1 k €	-3.9%	448,6 k €	+35.2%	331,8 k €	-10.6%	370,9 k €	+0.5%	369 k €	-9.0%	405,4 k €	-5.0%	426,6 k €	-8.0%	463,9 k €	-13.4%	535,7 k €	-24.7%	711,7 k €	-8.3%	776 k €	-11.0%	871,7 k €	+1.3%	860,5 k €	-0.1%	861,4 k €	+49.7%	575,2 k €	-18.2%	703,2 k €	+91.4%	367,3 k €	+11.3%	329,9 k €
Cash	272,2 k €	-25.0%	363,1 k €	+31099%	1,2 k €	+172%	427,7 €	-74.7%	1,7 k €	-91.1%	18,9 k €	+308%	4,6 k €	-65.0%	13,2 k €	+36.6%	9,7 k €	+3209%	292,5 €	-94.9%	5,7 k €	-45.4%	10,5 k €	+162%	4 k €	-87.4%	31,6 k €	+31.6%	24 k €	+251%	6,8 k €	+1.8%	6,7 k €	+0.0%	6,7 k €
Debts	57,1 k €	-12.8%	65,4 k €	-77.4%	289,7 k €	-0.5%	291,2 k €	-5.5%	308,1 k €	-12.4%	351,5 k €	-3.3%	363,6 k €	-10.2%	405 k €	-15.3%	478,2 k €	-24.2%	631 k €	-10.3%	703,8 k €	-12.6%	805,5 k €	+1.2%	795,7 k €	-0.3%	797,8 k €	+55.0%	514,6 k €	-20.9%	650,2 k €	+105%	317 k €	+8.3%	292,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		0,6 ETP	-40.0%	1,0 ETP	-52.4%	2,1 ETP	+5.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	+17.6%	1,7 ETP	-26.1%	2,3 ETP	-4.2%	2,4 ETP	+60.0%	1,5 ETP

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 31/12/2024 · 3 active · 5 ended

Active mandates

BENJAMIN PIRNAY

Director

Active

Dany dany pirnay

Director

Active

DANY PIRNAY

Managing director

Active

Ended mandates

Dany PIRNAY

Manager · since 23 décembre 1999

Ended

Pascal HEUZE

Manager · since 23 décembre 1999

Ended

Dany PIRNAY

Manager · since 01 mai 1994

Ended

Dany Pirnay

Director

Ended

At this address

Other companies at this address

Company	CBE no.
AGENDO● Active	0428.646.364
P.H. FINANCE● Active	0863.636.827
RADICOM SA● Active	0442.843.503
XPAND MANAGEMENT● Active	1017.681.735

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/12/2025	31/10/2024	08/02/2024	26/09/2022	25/03/2022	31/10/2020
General meeting	03/05/2025	04/05/2024	06/05/2023	16/06/2022	03/05/2021	17/09/2020
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
Micro model	31/12/2024	03/05/2025	30/12/2025	French	PDF
Micro model	31/12/2023	04/05/2024	31/10/2024	French	PDF
Micro model	31/12/2022	06/05/2023	08/02/2024	French	PDF
Micro modelCorrection	31/12/2021	16/06/2022	26/09/2022	French	PDF
Micro model	31/12/2021	16/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	03/05/2021	25/03/2022	French	PDF
Micro model	31/12/2019	17/09/2020	31/10/2020	French	PDF
Micro model	31/12/2018	04/05/2019	30/09/2019	French	PDF
Micro model	31/12/2017	05/05/2018	21/08/2018	French	PDF
Micro model	31/12/2016	06/05/2017	10/08/2017	French	PDF
Abridged model	31/12/2015	06/05/2016	12/08/2016	French	PDF
Abridged model	31/12/2014	02/05/2015	03/08/2015	French	PDF
Abridged model	31/12/2013	03/05/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	04/05/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	05/05/2012	14/08/2012	French	PDF
Abridged model	31/12/2010	07/05/2011	17/08/2011	French	PDF
Abridged model	31/12/2009	01/05/2010	05/08/2010	French	PDF
Abridged model	31/12/2008	02/05/2009	12/08/2009	French	PDF
Abridged model	31/12/2007	03/05/2008	06/08/2008	French	PDF
Abridged model	31/12/2006	05/05/2007	26/07/2007	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 31/12/2024 · 3 active · 5 ended

Active mandates

BENJAMIN PIRNAY

Director

Active

Dany dany pirnay

Director

Active

DANY PIRNAY

Managing director

Active

Ended mandates

Dany PIRNAY

Manager · since 23 décembre 1999

Ended

Pascal HEUZE

Manager · since 23 décembre 1999

Ended

Dany PIRNAY

Manager · since 01 mai 1994

Ended

Dany Pirnay

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office30/03/2026
SIEGE SOCIAL
PDF
Mandates14/06/2022
MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates27/01/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates16/11/2017
DEMISSIONS, NOMINATIONS - DIVERS
PDF
Restructuring15/01/2016
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring09/07/2015
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office18/05/2010
SIEGE SOCIAL
PDF
Registered office17/03/2005
SIEGE SOCIAL
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

2024
Annual accounts 2024-9,2 k €↑
2023
Annual accounts 2023-52,2 k €↓
2022
Annual accounts 2022-5,3 k €↓
2021
Annual accounts 202111 k €↑
2019
Annual accounts 20197 k €↑
2018
Annual accounts 2018-9,1 k €↓
2017
Annual accounts 201714,8 k €↓
2016
Annual accounts 201615,4 k €↓
2015
Annual accounts 201526,1 k €↑
2014
Annual accounts 201424,2 k €↓
2013
Annual accounts 201326,3 k €↓
2012
Annual accounts 201228,4 k €↑
2011
Annual accounts 201114,7 k €↑
2010
Annual accounts 201013 k €↓
2009
Annual accounts 200920,4 k €↓
2008
Annual accounts 200823,5 k €↓
2007
Annual accounts 200727,2 k €↑
2006
Annual accounts 200624,2 k €
18/12/1984
IncorporationPrivate 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

XPAND (SRL)

Overview

What does XPAND do?

Trend over 18 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