ACTIVE

EXPECT

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Financial year 2025 · closed on 31/03/2025

Net result

43,4 k €

+57.9% YoY

Gross margin

91,4 k €

+39.2% YoY

Equity

372,5 k €

+5.9% YoY

What does EXPECT do?

EXPECT is a Private limited company incorporated in 2000. Its main activity is: Risk and damage evaluation. Its registered office is in Grez-Doiceau.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.724.676

Incorporation

17/01/2000

Legal form

Private limited company

Registered office

Av.Cte Jean Dumonceau 3
1390 Grez-Doiceau · WallonieSee on map

Contributed capital

19 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

66210Risk and damage evaluation· main 66210Risk and damage evaluation 67202Experts en dommages et risques

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	91,4 k €	+39.2%	65,7 k €	-60.8%	167,6 k €	+31.2%	127,7 k €	+39.6%	91,5 k €	-8.9%	100,5 k €	+29.4%	77,7 k €	-23.9%	102,1 k €	+38.3%	73,8 k €	+46.0%	50,6 k €	+2.0%	49,5 k €	+404%	9,8 k €	-75.7%	40,4 k €	+38.0%	29,3 k €	-48.4%	56,7 k €	+184%	20 k €	-65.8%	58,5 k €	-20.3%	73,4 k €
EBITDA	88,9 k €	+40.1%	63,5 k €	-59.5%	156,7 k €	+33.8%	117,2 k €	+34.5%	87,1 k €	-6.7%	93,4 k €	+23.5%	75,6 k €	-19.1%	93,4 k €	+60.2%	58,3 k €	+64.5%	35,5 k €	+4.2%	34 k €	+850%	-4,5 k €	-117%	26,1 k €	+61.4%	16,1 k €	-64.2%	45,1 k €	+386%	9,3 k €	-81.1%	49,1 k €	+122%	22,1 k €
Operating result	68,9 k €	+57.9%	43,6 k €	-68.2%	137,2 k €	+40.7%	97,5 k €	+43.3%	68 k €	-8.1%	74 k €	+32.8%	55,7 k €	-23.4%	72,8 k €	+93.1%	37,7 k €	+137%	15,9 k €	+14.0%	14 k €	+177%	-18,1 k €	-249%	12,1 k €	+663%	1,6 k €	-94.8%	30,6 k €	+982%	-3,5 k €	-108%	43,6 k €	+156%	17,1 k €
Net result	43,4 k €	+57.9%	27,5 k €	-72.1%	98,6 k €	+40.7%	70 k €	+83.3%	38,2 k €	-29.5%	54,2 k €	+27.5%	42,5 k €	-5.3%	44,9 k €	+127%	19,8 k €	+612%	2,8 k €	+63.3%	1,7 k €	+110%	-17,5 k €	-497%	4,4 k €	+153%	-8,3 k €	-140%	20,9 k €	-68.3%	65,9 k €	+72.5%	38,2 k €	+549%	5,9 k €
Balance sheet
Equity	372,5 k €	+5.9%	351,9 k €	-0.7%	354,4 k €	+15.5%	306,8 k €	+14.2%	268,8 k €	+16.6%	230,6 k €	+16.3%	198,3 k €	+31.1%	151,3 k €	+30.0%	116,4 k €	+20.5%	96,6 k €	+3.0%	93,8 k €	+1.9%	92,1 k €	-28.4%	128,5 k €	-10.8%	144,1 k €	-5.4%	152,4 k €	+11.5%	136,7 k €	+93.1%	70,8 k €	+12.4%	63 k €
Total assets	441,7 k €	+8.0%	409,1 k €	-13.5%	473,1 k €	+7.3%	441 k €	+12.4%	392,5 k €	-0.8%	395,6 k €	+15.1%	343,6 k €	-2.4%	352 k €	+0.9%	348,7 k €	+0.4%	347,2 k €	-7.7%	376,1 k €	+3.8%	362,3 k €	+42.0%	255,2 k €	+9.3%	233,5 k €	-4.5%	244,6 k €	+17.5%	208,1 k €	+175%	75,7 k €	+6.9%	70,8 k €
Cash	33,9 k €	-12.9%	38,9 k €	-60.0%	97,2 k €	+103%	48 k €	+7.2%	44,8 k €	+21.5%	36,9 k €	+641%	5 k €	-80.4%	25,4 k €	+124%	11,3 k €	+343%	2,6 k €	-46.3%	4,8 k €	+8.0%	4,4 k €	-30.5%	6,3 k €	+6.3%	6 k €	-10.0%	6,6 k €	-34.7%	10,2 k €	+248%	2,9 k €	-67.3%	8,9 k €
Debts	59,8 k €	+26.1%	47,4 k €	-56.5%	109 k €	-10.9%	122,2 k €	+10.5%	110,6 k €	-26.7%	150,9 k €	+16.1%	130 k €	-29.1%	183,3 k €	-14.0%	213,2 k €	-7.5%	230,4 k €	-11.7%	261 k €	+5.0%	248,5 k €	+137%	104,9 k €	+55.2%	67,6 k €	-4.1%	70,5 k €	-1.3%	71,4 k €	+1350%	4,9 k €	-37.0%	7,8 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 31/03/2025 · 2 active

Active mandates

Marie-Bénédicte Pellegrin

Mandate

Active

Philippe Maes

Mandate

Active

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/10/2025	21/10/2024	02/10/2023	03/11/2022	29/11/2021	16/11/2020
General meeting	15/09/2025	16/09/2024	15/09/2023	15/09/2022	15/09/2021	15/09/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	15/09/2025	23/10/2025	French	PDF
Micro model	31/03/2024	16/09/2024	21/10/2024	French	PDF
Micro model	31/03/2023	15/09/2023	02/10/2023	French	PDF
Micro model	31/03/2022	15/09/2022	03/11/2022	French	PDF
Micro model	31/03/2021	15/09/2021	29/11/2021	French	PDF
Micro model	31/03/2020	15/09/2020	16/11/2020	French	PDF
Micro model	31/03/2019	16/09/2019	24/10/2019	French	PDF
Abridged model	31/03/2017	15/09/2017	17/10/2017	French	PDF
Abridged model	31/03/2016	15/09/2016	04/10/2016	French	PDF
Abridged model	31/03/2015	15/09/2015	29/09/2015	French	PDF
Abridged model	31/03/2014	29/08/2014	23/09/2014	French	PDF
Abridged model	31/03/2013	30/07/2013	31/07/2013	French	PDF
Abridged model	31/03/2012	15/09/2012	18/09/2012	French	PDF
Abridged model	31/03/2011	15/09/2011	20/09/2011	French	PDF
Abridged model	31/03/2010	15/09/2010	16/09/2010	French	PDF
Abridged model	31/03/2009	15/09/2009	27/10/2009	French	PDF
Abridged model	31/03/2008	12/09/2008	12/09/2008	French	PDF
Abridged model	31/03/2007	11/09/2007	12/09/2007	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 31/03/2025 · 2 active

Active mandates

Marie-Bénédicte Pellegrin

Mandate

Active

Philippe Maes

Mandate

Active

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/04/2022
MODIFICATION FORME JURIDIQUE - 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 202543,4 k €↑
2024
Annual accounts 202427,5 k €↓
2023
Annual accounts 202398,6 k €↑
2022
Annual accounts 202270 k €↑
2021
Annual accounts 202138,2 k €↓
2020
Annual accounts 202054,2 k €↑
2019
Annual accounts 201942,5 k €↓
2017
Annual accounts 201744,9 k €↑
2016
Annual accounts 201619,8 k €↑
2015
Annual accounts 20152,8 k €↑
2014
Annual accounts 20141,7 k €↑
2013
Annual accounts 2013-17,5 k €↓
2012
Annual accounts 20124,4 k €↑
2011
Annual accounts 2011-8,3 k €↓
2010
Annual accounts 201020,9 k €↓
2009
Annual accounts 200965,9 k €↑
2008
Annual accounts 200838,2 k €↑
2007
Annual accounts 20075,9 k €
17/01/2000
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

EXPECT

Overview

What does EXPECT do?

Trend over 18 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline