ACTIVE

EXAM SERVICES

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Financial year 2025 · closed on 31/12/2025

Net result

863,5 k €

-23.6% YoY

Gross margin

1,2 M €

-16.5% YoY

Equity

5,5 M €

+14.2% YoY

Workforce

1,6 ETP

0.0% YoY

What does EXAM SERVICES do?

EXAM SERVICES is a Private limited company incorporated in 1986. Its registered office is in Grimbergen. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.570.240

Incorporation

03/10/1986

Legal form

Private limited company

Registered office

Romeinsesteenweg 558
1853 Grimbergen · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,2 M €	-16.5%	1,5 M €	+10.6%	1,3 M €	+17.5%	1,1 M €	+13.6%	994,1 k €	+25.0%	795,4 k €	+13.3%	701,9 k €	+15.1%	609,9 k €	+34.4%	453,7 k €	-15.3%	535,7 k €	+15.4%	464,2 k €	-6.4%	495,9 k €	+5.3%	471,2 k €	-0.0%	471,3 k €	+5.7%	445,7 k €	-7.0%	479,3 k €	-0.0%	479,5 k €	+9.9%	436,4 k €	+98.3%	220 k €	+40.0%	157,1 k €
EBITDA	966,2 k €	-20.0%	1,2 M €	+11.3%	1,1 M €	+16.8%	927,8 k €	+15.4%	803,7 k €	+24.4%	646,1 k €	+11.5%	579,2 k €	+17.8%	491,6 k €	+83.6%	267,8 k €	-28.0%	372 k €	+23.1%	302,3 k €	-9.4%	333,8 k €	-5.8%	354,3 k €	-2.0%	361,3 k €	+7.4%	336,3 k €	-12.4%	384 k €	-5.6%	407 k €	+11.6%	364,6 k €	+158%	141,5 k €	+30.6%	108,4 k €
Operating result	444,2 k €	-33.3%	666 k €	+28.2%	519,3 k €	-9.3%	572,4 k €	+101%	284,9 k €	-22.1%	365,7 k €	+8.4%	337,2 k €	+23.8%	272,4 k €	+463%	-75 k €	-132%	231,7 k €	+64.6%	140,8 k €	-22.3%	181,1 k €	-10.2%	201,6 k €	+37.1%	147,1 k €	-25.4%	197,2 k €	-19.4%	244,6 k €	-14.7%	286,6 k €	+20.5%	237,8 k €	+1798%	12,5 k €	+209%	-11,5 k €
Net result	863,5 k €	-23.6%	1,1 M €	-44.7%	2 M €	+448%	373 k €	+121%	168,6 k €	-36.3%	264,7 k €	+12.5%	235,2 k €	+22.5%	192 k €	+188%	-217,6 k €	-321%	98,7 k €	+194%	33,5 k €	-42.6%	58,4 k €	-11.1%	65,7 k €	+124%	29,3 k €	-60.9%	74,9 k €	-43.3%	132 k €	-16.3%	157,8 k €	+69.3%	93,2 k €	+187%	-107,1 k €	+32.9%	-159,6 k €
Balance sheet
Equity	5,5 M €	+14.2%	4,8 M €	+30.7%	3,7 M €	+125%	1,6 M €	+29.5%	1,3 M €	+15.4%	1,1 M €	+31.9%	829,7 k €	+39.6%	594,5 k €	+47.7%	402,5 k €	-35.1%	620,1 k €	+18.9%	521,4 k €	+6.9%	487,9 k €	+13.6%	429,5 k €	+18.1%	363,7 k €	+8.8%	334,4 k €	+28.8%	259,6 k €	+104%	127,5 k €	+521%	-30,3 k €	+75.5%	-123,5 k €	-655%	-16,4 k €
Total assets	8,9 M €	+2.4%	8,7 M €	+4.7%	8,3 M €	+9.5%	7,6 M €	-0.6%	7,6 M €	+0.1%	7,6 M €	+7.1%	7,1 M €	+47.4%	4,8 M €	+25.3%	3,9 M €	+43.3%	2,7 M €	+3.4%	2,6 M €	+1.3%	2,6 M €	-1.9%	2,6 M €	-4.1%	2,7 M €	+13.8%	2,4 M €	-5.9%	2,6 M €	-4.5%	2,7 M €	-2.3%	2,7 M €	-1.7%	2,8 M €	-2.8%	2,9 M €
Cash	1,2 M €	+52.7%	810,3 k €	-51.0%	1,7 M €	+495%	277,5 k €	-63.4%	757,4 k €	+20.2%	630,2 k €	+220%	196,9 k €	-71.1%	680,4 k €	+51.9%	447,9 k €	-20.3%	561,7 k €	+69.0%	332,3 k €	+43.2%	232,1 k €	+43.7%	161,5 k €	+28.9%	125,3 k €	+231%	37,8 k €	+104%	18,5 k €	-76.5%	78,6 k €	+1230%	5,9 k €	-27.5%	8,2 k €	-64.8%	23,2 k €
Debts	3,4 M €	-12.4%	3,8 M €	-16.7%	4,6 M €	-21.3%	5,8 M €	-4.3%	6,1 M €	-3.3%	6,3 M €	+4.1%	6,1 M €	+51.3%	4 M €	+23.0%	3,3 M €	+71.6%	1,9 M €	-4.4%	2 M €	-2.2%	2 M €	-7.2%	2,2 M €	-7.2%	2,4 M €	+15.4%	2 M €	-9.7%	2,3 M €	-10.9%	2,5 M €	-6.5%	2,7 M €	-5.8%	2,9 M €	+0.5%	2,9 M €
Other
Workforce	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	0.0%	1,6 ETP	+129%	0,7 ETP	-30.0%	1,0 ETP	-23.1%	1,3 ETP	+44.4%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+33.3%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Pascal Vanlandeghem

Director · since 10 juillet 1997

Active

Ended mandates

Pascal Vanlandeghem

Director · since 12 août 2019

Ended

Pascal Vanlandeghem

Director

Ended

Pascal Vanlandeghem

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
EXAM PACKAGING● Active	0460.816.712
GARCIA● Active	0473.565.183

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	23/06/2026	11/06/2025	25/07/2024	20/06/2023	12/07/2022	13/07/2021
General meeting	02/06/2026	03/06/2025	30/06/2024	06/06/2023	30/06/2022	30/06/2021
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	02/06/2026	23/06/2026	Dutch	PDF
Abridged model	31/12/2024	03/06/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	06/06/2023	20/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	12/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	29/05/2019	Dutch	PDF
Abridged model	31/12/2017	05/06/2018	27/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	12/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	04/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	14/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	12/06/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	24/06/2008	12/07/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	22/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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 · 3 ended

Active mandates

Pascal Vanlandeghem

Director · since 10 juillet 1997

Active

Ended mandates

Pascal Vanlandeghem

Director · since 12 août 2019

Ended

Pascal Vanlandeghem

Director

Ended

Pascal Vanlandeghem

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring22/08/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring24/06/2019
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025863,5 k €↓
2024
Annual accounts 20241,1 M €↓
2023
Annual accounts 20232 M €↑
2022
Annual accounts 2022373 k €↑
2021
Annual accounts 2021168,6 k €↓
2020
Annual accounts 2020264,7 k €↑
2019
Annual accounts 2019235,2 k €↑
2018
Annual accounts 2018192 k €↑
2017
Annual accounts 2017-217,6 k €↓
2016
Annual accounts 201698,7 k €↑
2015
Annual accounts 201533,5 k €↓
2014
Annual accounts 201458,4 k €↓
2013
Annual accounts 201365,7 k €↑
2012
Annual accounts 201229,3 k €↓
2011
Annual accounts 201174,9 k €↓
2010
Annual accounts 2010132 k €↓
2009
Annual accounts 2009157,8 k €↑
2008
Annual accounts 200893,2 k €↑
2007
Annual accounts 2007-107,1 k €↑
2006
Annual accounts 2006-159,6 k €
03/10/1986
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

EXAM SERVICES

Overview

What does EXAM SERVICES do?

Trend over 20 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