ACTIVE

EXPONENT

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Financial year 2025 · closed on 30/09/2025

Net result

8,9 k €

+28.6% YoY

Gross margin

23,3 k €

+35.5% YoY

Equity

53,7 k €

+19.8% YoY

What does EXPONENT do?

EXPONENT is a Private limited company incorporated in 2001. Its main activity is: Computer programming activities. Its registered office is in Kruisem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.607.637

Incorporation

13/04/2001

Legal form

Private limited company

Registered office

Wortegemstraat (Nok) 7
9771 Kruisem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 74103Specialised design activities 74120Specialised design activities 74201Photographic activities 74201Photographic activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	23,3 k €	+35.5%	17,2 k €	-20.3%	21,6 k €	-38.2%	35 k €	+80.4%	19,4 k €	+19.9%	16,2 k €	-50.9%	32,9 k €	+24.3%	26,5 k €	+74.6%	15,2 k €	-18.4%	18,6 k €	+90.3%	9,8 k €	+18.7%	8,2 k €	-39.5%	13,6 k €	-42.5%	23,6 k €	+56.8%	15,1 k €	-6.4%	16,1 k €	+29.2%	12,5 k €	-11.0%	14 k €	+7.1%	13,1 k €	-33.6%	19,7 k €
EBITDA	23 k €	+35.5%	16,9 k €	-17.9%	20,6 k €	-39.0%	33,9 k €	+81.3%	18,7 k €	+17.3%	15,9 k €	-51.0%	32,5 k €	+25.6%	25,9 k €	+74.3%	14,8 k €	-18.6%	18,2 k €	+97.3%	9,2 k €	+18.7%	7,8 k €	-42.2%	13,5 k €	-42.0%	23,2 k €	+55.2%	15 k €	-6.5%	16 k €	+29.5%	12,4 k €	-10.8%	13,8 k €	+15.7%	12 k €	-35.7%	18,6 k €
Operating result	14,1 k €	+17.6%	12 k €	-24.7%	15,9 k €	-45.9%	29,4 k €	+224%	9,1 k €	+41.7%	6,4 k €	-71.0%	22,1 k €	+32.4%	16,7 k €	+151%	6,6 k €	-48.4%	12,9 k €	+277%	3,4 k €	+391%	695 €	-89.5%	6,6 k €	-51.8%	13,7 k €	+280%	3,6 k €	-39.3%	5,9 k €	+25.8%	4,7 k €	+33.2%	3,6 k €	+79.9%	2 k €	-74.3%	7,7 k €
Net result	8,9 k €	+28.6%	6,9 k €	-30.5%	9,9 k €	-55.5%	22,3 k €	+313%	5,4 k €	+32.8%	4,1 k €	-73.1%	15,1 k €	+53.3%	9,8 k €	+191%	3,4 k €	-46.4%	6,3 k €	+394%	1,3 k €	+684%	162,4 €	-96.3%	4,4 k €	-54.2%	9,5 k €	+355%	2,1 k €	-16.9%	2,5 k €	-14.5%	2,9 k €	+34.9%	2,2 k €	+45.7%	1,5 k €	-70.7%	5,1 k €
Balance sheet
Equity	53,7 k €	+19.8%	44,9 k €	-15.4%	53 k €	-8.8%	58,2 k €	0.0%	58,2 k €	-3.6%	60,4 k €	+7.2%	56,3 k €	+36.6%	41,2 k €	+31.3%	31,4 k €	+12.0%	28 k €	-39.1%	46 k €	+2.8%	44,8 k €	+0.4%	44,6 k €	+10.8%	40,2 k €	+31.0%	30,7 k €	+7.3%	28,6 k €	+109%	13,7 k €	-70.7%	46,8 k €	+4.9%	44,6 k €	+3.5%	43,1 k €
Total assets	60,9 k €	-1.3%	61,7 k €	-11.6%	69,8 k €	-16.9%	84 k €	+15.9%	72,4 k €	+2.6%	70,6 k €	-11.5%	79,8 k €	+24.0%	64,3 k €	+21.1%	53,1 k €	-28.6%	74,4 k €	+56.2%	47,6 k €	-0.6%	47,9 k €	-5.9%	50,9 k €	-2.7%	52,4 k €	+24.2%	42,2 k €	-4.7%	44,2 k €	-30.0%	63,2 k €	-7.3%	68,2 k €	+6.9%	63,8 k €	+41.9%	45 k €
Cash	6,7 k €	-78.4%	30,9 k €	-22.5%	39,8 k €	-20.4%	50,1 k €	+24.5%	40,2 k €	+18.1%	34 k €	+42.5%	23,9 k €	+452%	4,3 k €	-64.9%	12,3 k €	-75.8%	50,9 k €	+102%	25,1 k €	+72.0%	14,6 k €	-39.6%	24,2 k €	+59.8%	15,2 k €	+32.4%	11,5 k €	+79.6%	6,4 k €	-43.7%	11,3 k €	-34.1%	17,2 k €	+204%	5,7 k €	+1272%	412 €
Debts	7,2 k €	-57.5%	16,8 k €	+0.3%	16,8 k €	-34.9%	25,8 k €	+81.0%	14,3 k €	+39.2%	10,2 k €	-56.4%	23,5 k €	+1.7%	23,1 k €	+6.4%	21,7 k €	-53.2%	46,4 k €	+2853%	1,6 k €	-50.1%	3,1 k €	-50.3%	6,3 k €	+2.4%	6,2 k €	+12.3%	5,5 k €	-59.5%	13,6 k €	-72.5%	49,5 k €	+131%	21,4 k €	+11.5%	19,2 k €	+926%	1,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

BART VERBAUWHEDE

Director

Active

ELS BEKAERT

Director

Active

Ended mandates

Els Bekaert

Manager · since 01 juillet 2008

Ended

Bart Verbauwhede

Manager · until 30 juin 2008

Ended

BART VERBAUWHEDE

Manager

Ended

ELS BEKAERT

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/03/2026	06/03/2025	07/03/2024	09/03/2023	10/03/2022	11/03/2021
General meeting	07/03/2026	01/03/2025	02/03/2024	04/03/2023	05/03/2022	06/03/2021
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
Micro model	30/09/2025	07/03/2026	16/03/2026	Dutch	PDF
Micro model	30/09/2024	01/03/2025	06/03/2025	Dutch	PDF
Micro model	30/09/2023	02/03/2024	07/03/2024	Dutch	PDF
Micro model	30/09/2022	04/03/2023	09/03/2023	Dutch	PDF
Micro model	30/09/2021	05/03/2022	10/03/2022	Dutch	PDF
Micro model	30/09/2020	06/03/2021	11/03/2021	Dutch	PDF
Micro model	30/09/2019	07/03/2020	12/03/2020	Dutch	PDF
Micro model	30/09/2018	02/03/2019	07/03/2019	Dutch	PDF
Micro model	30/09/2017	03/03/2018	08/03/2018	Dutch	PDF
Abridged model	30/09/2016	04/03/2017	09/03/2017	Dutch	PDF
Abridged model	30/09/2015	05/03/2016	10/03/2016	Dutch	PDF
Abridged model	30/09/2014	07/03/2015	12/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	06/03/2014	Dutch	PDF
Abridged model	30/09/2012	02/03/2013	07/03/2013	Dutch	PDF
Abridged model	30/09/2011	03/03/2012	08/03/2012	Dutch	PDF
Abridged model	30/09/2010	05/03/2011	10/03/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	11/03/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	13/03/2009	Dutch	PDF
Abridged model	30/09/2007	01/03/2008	17/03/2008	Dutch	PDF
Abridged model	30/09/2006	03/03/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 30/09/2025 · 2 active · 4 ended

Active mandates

BART VERBAUWHEDE

Director

Active

ELS BEKAERT

Director

Active

Ended mandates

Els Bekaert

Manager · since 01 juillet 2008

Ended

Bart Verbauwhede

Manager · until 30 juin 2008

Ended

BART VERBAUWHEDE

Manager

Ended

ELS BEKAERT

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20258,9 k €↑
2024
Annual accounts 20246,9 k €↓
2023
Annual accounts 20239,9 k €↓
2022
Annual accounts 202222,3 k €↑
2021
Annual accounts 20215,4 k €↑
2020
Annual accounts 20204,1 k €↓
2019
Annual accounts 201915,1 k €↑
2018
Annual accounts 20189,8 k €↑
2017
Annual accounts 20173,4 k €↓
2016
Annual accounts 20166,3 k €↑
2015
Annual accounts 20151,3 k €↑
2014
Annual accounts 2014162,4 €↓
2013
Annual accounts 20134,4 k €↓
2012
Annual accounts 20129,5 k €↑
2011
Annual accounts 20112,1 k €↓
2010
Annual accounts 20102,5 k €↓
2009
Annual accounts 20092,9 k €↑
2008
Annual accounts 20082,2 k €↑
2007
Annual accounts 20071,5 k €↓
2006
Annual accounts 20065,1 k €
13/04/2001
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

EXPONENT

Overview

What does EXPONENT 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