EXPANSION TEAM
0441.669.902 · rovalta.com · 23/09/2026
NORMAL SITUATION
EXPANSION TEAM
Financial year 2025 · closed on 31/12/2025
Net result
5 k €
-51.0% YoY
Gross margin
34,8 k €
-0.8% YoY
Equity
32,7 k €
+18.1% YoY
Company — Normal situation.
Overview
What does EXPANSION TEAM do?
EXPANSION TEAM is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0441.669.902
Legal form
Private company with limited liability
Contributed capital
50 198,44 €
Latest accounts
31/12/2025
Joint committees (1)
- 200
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 34,8 k € | -0.8% | 35,1 k € | +15.8% | 30,3 k € | +367% | 6,5 k € | -66.1% | 19,2 k € | +188% | 6,7 k € | -48.8% | 13 k € | +62.9% | 8 k € | +4068% | -201 € | -102% | 13,1 k € | -18.1% | 16 k € | +42095% | -38 € | -100% | 42,5 k € | -31.7% | 62,2 k € | +0.6% | 61,8 k € | -30.4% | 88,8 k € | +7.9% | 82,4 k € | +31.9% | 62,5 k € |
| EBITDA | 28,3 k € | +2.1% | 27,7 k € | +19.3% | 23,2 k € | +817% | -3,2 k € | -153% | 6,1 k € | +203% | 2 k € | -75.0% | 8 k € | +72.3% | 4,6 k € | +221% | -3,8 k € | -140% | 9,7 k € | -38.5% | 15,7 k € | +485% | -4,1 k € | -117% | 24,2 k € | -18.8% | 29,8 k € | +2.0% | 29,2 k € | -47.7% | 55,8 k € | +15.0% | 48,5 k € | +66.4% | 29,2 k € |
| Operating result | 12 k € | -17.5% | 14,5 k € | +2.0% | 14,2 k € | +200% | -14,2 k € | -549% | 3,2 k € | +295% | -1,6 k € | -145% | 3,6 k € | +209% | -3,3 k € | +68.2% | -10,4 k € | -434% | 3,1 k € | -59.9% | 7,8 k € | +145% | -17,4 k € | -888% | 2,2 k € | -64.3% | 6,2 k € | +17.7% | 5,3 k € | -83.0% | 31 k € | +22.4% | 25,3 k € | +118% | 11,6 k € |
| Net result | 5 k € | -51.0% | 10,3 k € | +29.6% | 7,9 k € | +148% | -16,7 k € | -694% | 2,8 k € | +267% | -1,7 k € | -147% | 3,6 k € | +196% | -3,7 k € | +66.3% | -11 k € | -564% | 2,4 k € | -65.3% | 6,8 k € | +137% | -18,6 k € | -16507% | -112 € | -150% | 225 € | -94.7% | 4,3 k € | -77.7% | 19,1 k € | +23.1% | 15,5 k € | +366% | 3,3 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | 32,7 k € | +18.1% | 27,7 k € | +58.9% | 17,4 k € | +83.2% | 9,5 k € | -63.7% | 26,2 k € | +12.0% | 23,4 k € | -6.7% | 25 k € | -47.3% | 47,5 k € | -7.2% | 51,2 k € | -17.7% | 62,2 k € | +4.0% | 59,9 k € | +12.9% | 53 k € | -26.0% | 71,6 k € | -0.2% | 71,7 k € | +0.3% | 71,5 k € | +6.3% | 67,3 k € | +39.6% | 48,2 k € | +47.4% | 32,7 k € |
| Total assets | 344,2 k € | +3.1% | 334 k € | +18.9% | 280,9 k € | -0.8% | 283 k € | +478% | 49 k € | +5.9% | 46,3 k € | -13.9% | 53,7 k € | -27.4% | 73,9 k € | -8.2% | 80,6 k € | -14.3% | 94 k € | -13.6% | 108,8 k € | -4.6% | 114 k € | -24.6% | 151,3 k € | -24.8% | 201 k € | -15.4% | 237,6 k € | -16.1% | 283 k € | +17.6% | 240,7 k € | +6.0% | 227,1 k € |
| Cash | 23,2 k € | +10.1% | 21,1 k € | +61.0% | 13,1 k € | +53.5% | 8,5 k € | -54.8% | 18,9 k € | +26.7% | 14,9 k € | -12.9% | 17,1 k € | +67.6% | 10,2 k € | +96.7% | 5,2 k € | -75.9% | 21,6 k € | +33.0% | 16,2 k € | +82.6% | 8,9 k € | +253% | 2,5 k € | -34.6% | 3,8 k € | -91.2% | 43,5 k € | -30.4% | 62,5 k € | -2.9% | 64,3 k € | +49.7% | 43 k € |
| Debts | 310 k € | +1.4% | 305,8 k € | +16.1% | 263,4 k € | -3.7% | 273,5 k € | +1098% | 22,8 k € | -0.3% | 22,9 k € | -20.1% | 28,7 k € | +340% | 6,5 k € | -30.7% | 9,4 k € | -20.5% | 11,8 k € | -59.3% | 29,1 k € | -29.3% | 41,1 k € | -31.2% | 59,7 k € | -45.4% | 109,4 k € | -25.2% | 146,2 k € | -25.4% | 195,9 k € | +13.4% | 172,7 k € | +6.3% | 162,5 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | – | 0,5 ETP | -50.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | 0.0% | 1,0 ETP | ||||||||||||
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 6 ended
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged 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 | 30/06/2026 | 19/07/2025 | 08/11/2024 | 28/09/2023 | 15/10/2022 | 28/07/2021 |
| General meeting | 11/06/2026 | 30/06/2025 | 24/06/2024 | 26/06/2023 | 27/06/2022 | 28/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
35 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 11/06/2026 | 30/06/2026 | French | |
| Abridged model | 31/12/2024 | 30/06/2025 | 19/07/2025 | French | |
| Abridged model | 31/12/2023 | 24/06/2024 | 08/11/2024 | French | |
| Abridged model | 31/12/2022 | 26/06/2023 | 28/09/2023 | French | |
| Abridged model | 31/12/2021 | 27/06/2022 | 15/10/2022 | French | |
| Micro model | 31/12/2020 | 28/06/2021 | 28/07/2021 | French | |
| Micro model | 31/12/2019 | 29/06/2020 | 30/06/2020 | Dutch | |
| Micro model | 31/12/2018 | 24/06/2019 | 08/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 25/06/2018 | 29/09/2018 | Dutch | |
| Abridged model | 30/09/2016 | 20/02/2017 | 21/02/2017 | Dutch | |
| Abridged model | 30/09/2015 | 29/03/2016 | 14/04/2016 | French | |
| Abridged model | 30/09/2014 | 30/03/2015 | 10/04/2015 | French | |
| Abridged model | 30/09/2013 | 31/03/2014 | 15/04/2014 | French | |
| Abridged model | 30/09/2012 | 25/03/2013 | 02/04/2013 | French | |
| Abridged model | 30/09/2011 | 26/03/2012 | 27/03/2012 | French | |
| Abridged model | 30/09/2010 | 28/03/2011 | 06/04/2011 | French | |
| Abridged model | 30/09/2009 | 29/03/2010 | 12/04/2010 | French | |
| Abridged model | 30/09/2008 | 30/03/2009 | 13/05/2009 | French | |
| Abridged model | 30/09/2007 | 29/03/2008 | 22/04/2008 | French | |
| Abridged model | 30/09/2006 | 26/03/2007 | 24/04/2007 | French | |
| Abridged model | 30/09/2005 | 27/03/2006 | 28/03/2006 | French | |
| Abridged model | 30/09/2004 | 04/04/2005 | 21/04/2005 | French | |
| Abridged model | 30/09/2003 | 29/03/2004 | 09/09/2004 | French | |
| Abridged model | 30/09/2001 | 25/03/2002 | 02/07/2002 | French |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 6 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Dissolution19/01/2026RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring14/11/2025RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Registered office31/07/2025SIEGE SOCIAL
- Other10/05/2024STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20255 k €↓
- 2024Annual accounts 202410,3 k €↑
- 2023Annual accounts 20237,9 k €↑
- 2022Annual accounts 2022-16,7 k €↓
- 2021Annual accounts 20212,8 k €↑
- 2020Annual accounts 2020-1,7 k €↓
- 2019Annual accounts 20193,6 k €↑
- 2016Annual accounts 2016-3,7 k €↑
- 2015Annual accounts 2015-11 k €↓
- 2014Annual accounts 20142,4 k €↓
- 2013Annual accounts 20136,8 k €↑
- 2012Annual accounts 2012-18,6 k €↓
- 2011Annual accounts 2011-112 €↓
- 2010Annual accounts 2010225 €↓
- 2009Annual accounts 20094,3 k €↓
- 2008Annual accounts 200819,1 k €↑
- 2007Annual accounts 200715,5 k €↑
- 2006Annual accounts 20063,3 k €