ACTIVE

EXPLOSIVE

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-8,7 k €

-293.1% YoY

Gross margin

9,6 k €

+890.2% YoY

Equity

50 k €

-14.8% YoY

What does EXPLOSIVE do?

EXPLOSIVE is a Cooperative company with limited liability incorporated in 1989. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Lontzen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.416.532

Incorporation

19/12/1989

Legal form

Cooperative company with limited liability

Registered office

Rue Mitoyenne 88
4710 Lontzen · WallonieSee on map

Contributed capital

18 592,00 €

Latest accounts

31/12/2025

Activities (NACE)

47716Retail sale of clothing in specialised stores· main 47716Retail sale of clothing in specialised stores 46423Wholesale of clothing and footwear 46423Wholesale of clothing and footwear 52421Warehousing and support activities for transportation

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	9,6 k €	+890%	969 €	-90.0%	9,7 k €	-5.6%	10,3 k €	+418%	2 k €	-45.5%	3,7 k €	-84.7%	23,9 k €	-14.3%	27,9 k €	+90.2%	14,7 k €	+111%	6,9 k €	-52.4%	14,6 k €	-37.9%	23,5 k €	-32.6%	34,9 k €	+52.4%	22,9 k €	-16.7%	27,5 k €	+5.3%	26,1 k €	-10.6%	29,2 k €	+9.0%	26,8 k €	+229%	8,1 k €	-58.6%	19,6 k €
EBITDA	7,4 k €	+681%	-1,3 k €	-117%	7,5 k €	-10.9%	8,4 k €	+11529%	72 €	-95.5%	1,6 k €	-92.6%	21,7 k €	-16.7%	26,1 k €	+105%	12,7 k €	+146%	5,2 k €	-59.6%	12,8 k €	-40.9%	21,7 k €	-34.6%	33,2 k €	+56.2%	21,2 k €	-17.9%	25,9 k €	+6.2%	24,4 k €	-10.9%	27,3 k €	+9.1%	25,1 k €	+311%	6,1 k €	-65.6%	17,7 k €
Operating result	-8,4 k €	+28.8%	-11,8 k €	-888%	1,5 k €	-45.1%	2,7 k €	+153%	-5,2 k €	+10.9%	-5,8 k €	-142%	13,8 k €	-31.2%	20 k €	+478%	3,5 k €	+228%	-2,7 k €	-155%	5 k €	-59.2%	12,1 k €	+34.0%	9,1 k €	+4.2%	8,7 k €	-34.7%	13,3 k €	+74.7%	7,6 k €	-45.6%	14 k €	+88.5%	7,4 k €	+191%	-8,2 k €	-850%	1,1 k €
Net result	-8,7 k €	-293%	-2,2 k €	-255%	1,4 k €	-83.0%	8,4 k €	+251%	-5,5 k €	+6.3%	-5,9 k €	-164%	9,3 k €	-53.8%	20,1 k €	+860%	2,1 k €	+150%	-4,2 k €	-727%	674 €	-93.3%	10,1 k €	+83.9%	5,5 k €	+51.4%	3,6 k €	+3.4%	3,5 k €	+262%	972 €	-86.8%	7,4 k €	+2161%	326 €	+102%	-14,2 k €	-848%	-1,5 k €
Balance sheet
Equity	50 k €	-14.8%	58,7 k €	-3.6%	60,9 k €	+2.4%	59,5 k €	+16.3%	51,1 k €	-9.8%	56,6 k €	-9.4%	62,5 k €	+7.4%	58,3 k €	+21.0%	48,1 k €	+4.5%	46 k €	-4.4%	48,2 k €	+1.4%	47,5 k €	+14.8%	41,4 k €	+15.4%	35,9 k €	+11.3%	32,2 k €	+12.3%	28,7 k €	+3.5%	27,7 k €	+36.2%	20,3 k €	+1.6%	20 k €	-41.6%	34,3 k €
Total assets	86,6 k €	-16.8%	104,1 k €	+53.3%	67,9 k €	-6.8%	72,9 k €	+1.7%	71,7 k €	-11.3%	80,8 k €	-15.8%	95,9 k €	+0.4%	95,5 k €	+10.3%	86,6 k €	+1.1%	85,7 k €	-14.3%	100 k €	-15.0%	117,6 k €	+1.0%	116,4 k €	-11.8%	132 k €	-13.8%	153,1 k €	-6.0%	162,8 k €	-1.8%	165,7 k €	+2.2%	162,1 k €	-9.0%	178,1 k €	+15.1%	154,8 k €
Cash	2,1 k €	+22.1%	1,7 k €	-38.0%	2,8 k €	+280%	733 €	-66.7%	2,2 k €	+98.2%	1,1 k €	+215%	353 €	-83.1%	2,1 k €	-67.5%	6,4 k €	+1541%	391 €	-89.8%	3,8 k €	+117%	1,8 k €	-22.3%	2,3 k €	+74.7%	1,3 k €	-63.8%	3,6 k €	+2958%	117 €	-94.7%	2,2 k €	+6.5%	2,1 k €	-7.6%	2,2 k €	+198%	748 €
Debts	36,6 k €	-19.4%	45,4 k €	+547%	7 k €	-47.8%	13,4 k €	-34.7%	20,6 k €	-14.8%	24,1 k €	-27.6%	33,4 k €	-10.5%	37,3 k €	-3.1%	38,5 k €	-3.0%	39,7 k €	-23.5%	51,8 k €	-26.1%	70,1 k €	-6.6%	75 k €	-21.9%	96,1 k €	-20.5%	120,9 k €	-9.9%	134,1 k €	-2.8%	138 k €	-2.6%	141,8 k €	-10.3%	158,1 k €	+31.9%	119,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

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

Active mandates

Paul Meyer

Manager

Active

Ended mandates

Paul Meyer

Administrator - manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2026	29/08/2025	29/08/2024	18/04/2024	29/08/2022	30/08/2021
General meeting	23/05/2026	24/05/2025	25/05/2024	27/05/2023	28/05/2022	22/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	23/05/2026	28/08/2026	German	PDF
Micro model	31/12/2024	24/05/2025	29/08/2025	German	PDF
Micro model	31/12/2023	25/05/2024	29/08/2024	German	PDF
Micro model	31/12/2022	27/05/2023	18/04/2024	German	PDF
Micro model	31/12/2021	28/05/2022	29/08/2022	German	PDF
Micro model	31/12/2020	22/05/2021	30/08/2021	German	PDF
Micro model	31/12/2019	23/05/2020	28/08/2020	German	PDF
Micro model	31/12/2018	25/05/2019	29/08/2019	German	PDF
Micro model	31/12/2017	26/05/2018	30/08/2018	German	PDF
Micro model	31/12/2016	27/05/2017	31/08/2017	German	PDF
Abridged model	31/12/2015	29/06/2016	26/10/2016	German	PDF
Abridged model	31/12/2014	29/06/2015	28/07/2015	German	PDF
Abridged model	31/12/2013	28/06/2014	25/08/2014	German	PDF
Abridged model	31/12/2012	28/06/2013	28/08/2013	German	PDF
Abridged model	31/12/2011	28/06/2012	30/08/2012	German	PDF
Abridged model	31/12/2010	20/06/2011	29/08/2011	German	PDF
Abridged model	31/12/2009	20/06/2010	27/08/2010	German	PDF
Abridged model	31/12/2008	20/06/2009	31/08/2009	German	PDF
Abridged model	31/12/2007	20/06/2008	28/08/2008	German	PDF
Abridged model	31/12/2006	20/06/2007	31/07/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 1 ended

Active mandates

Paul Meyer

Manager

Active

Ended mandates

Paul Meyer

Administrator - manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-8,7 k €↓
2024
Annual accounts 2024-2,2 k €↓
2023
Annual accounts 20231,4 k €↓
2022
Annual accounts 20228,4 k €↑
2021
Annual accounts 2021-5,5 k €↑
2020
Annual accounts 2020-5,9 k €↓
2019
Annual accounts 20199,3 k €↓
2018
Annual accounts 201820,1 k €↑
2017
Annual accounts 20172,1 k €↑
2016
Annual accounts 2016-4,2 k €↓
2015
Annual accounts 2015674 €↓
2014
Annual accounts 201410,1 k €↑
2013
Annual accounts 20135,5 k €↑
2012
Annual accounts 20123,6 k €↑
2011
Annual accounts 20113,5 k €↑
2010
Annual accounts 2010972 €↓
2009
Annual accounts 20097,4 k €↑
2008
Annual accounts 2008326 €↑
2007
Annual accounts 2007-14,2 k €↓
2006
Annual accounts 2006-1,5 k €
19/12/1989
IncorporationCooperative company with limited liability

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

EXPLOSIVE

Overview

What does EXPLOSIVE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline