ACTIVE

EXMO

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Financial year 2025 · closed on 31/12/2025

Net result

85,1 k €

+11.6% YoY

Gross margin

112,9 k €

+15.4% YoY

Equity

519,2 k €

+3.1% YoY

What does EXMO do?

EXMO is a Private limited company incorporated in 2002. Its main activity is: Management consultancy activities. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.928.797

Incorporation

08/07/2002

Legal form

Private limited company

Registered office

Ten Hove 7
3510 Hasselt · FlandreSee on map

Contributed capital

1 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74151Specialised design activities 64200Activities of holding companies 64210Activities of holding companies

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	112,9 k €	+15.4%	97,9 k €	-14.1%	114 k €	-3.1%	117,7 k €	-14.1%	137 k €	+21.9%	112,3 k €	+3.2%	108,8 k €	+31.1%	83 k €	+0.9%	82,2 k €	-26.7%	112,3 k €	+11.6%	100,6 k €	-6.8%	107,9 k €	+28.5%	83,9 k €	-18.0%	102,3 k €	-3.1%	105,6 k €	+17.1%	90,1 k €	+73.0%	52,1 k €	-21.1%	66 k €	+28.2%	51,5 k €	-9.1%	56,7 k €
EBITDA	112,1 k €	+15.7%	96,9 k €	-14.0%	112,7 k €	-3.5%	116,8 k €	-14.2%	136 k €	+22.3%	111,2 k €	+3.2%	107,8 k €	+31.8%	81,8 k €	+1.1%	80,9 k €	-27.0%	110,8 k €	+11.7%	99,2 k €	-6.9%	106,5 k €	+28.9%	82,6 k €	-18.2%	100,9 k €	-3.1%	104,2 k €	+17.5%	88,7 k €	+74.4%	50,8 k €	-19.7%	63,3 k €	+25.2%	50,6 k €	-9.4%	55,8 k €
Operating result	99,3 k €	+18.1%	84,1 k €	-22.9%	109,1 k €	+1.7%	107,3 k €	-15.0%	126,2 k €	+24.6%	101,3 k €	+3.6%	97,7 k €	+20.9%	80,8 k €	+10.7%	73 k €	-29.0%	102,8 k €	+12.7%	91,2 k €	-7.3%	98,4 k €	+32.4%	74,3 k €	-21.5%	94,6 k €	-3.1%	97,7 k €	+20.7%	80,9 k €	+86.4%	43,4 k €	-21.4%	55,2 k €	+24.3%	44,4 k €	-12.6%	50,8 k €
Net result	85,1 k €	+11.6%	76,2 k €	-20.7%	96,1 k €	+26.5%	76 k €	-29.3%	107,5 k €	+51.0%	71,2 k €	+2.4%	69,5 k €	+19.9%	58 k €	+24.3%	46,6 k €	-29.1%	65,8 k €	+23.8%	53,1 k €	-17.0%	64 k €	+23.2%	52 k €	-22.7%	67,3 k €	-1.6%	68,4 k €	+16.3%	58,8 k €	+102%	29,1 k €	-33.6%	43,8 k €	+23.6%	35,4 k €	-6.6%	38 k €
Balance sheet
Equity	519,2 k €	+3.1%	503,6 k €	-2.0%	513,7 k €	-3.3%	531,1 k €	-15.4%	627,5 k €	-3.2%	648,4 k €	+12.3%	577,2 k €	+13.7%	507,7 k €	+12.9%	449,8 k €	+11.6%	403,1 k €	+19.5%	337,4 k €	+18.7%	284,2 k €	+28.0%	222 k €	-3.2%	229,3 k €	+40.1%	163,6 k €	+69.0%	96,8 k €	+155%	38 k €	-81.8%	209 k €	+25.3%	166,8 k €	+25.5%	132,9 k €
Total assets	558,1 k €	+4.1%	536,2 k €	-12.1%	609,9 k €	+6.1%	574,8 k €	-28.6%	804,7 k €	+18.4%	679,5 k €	+13.7%	597,6 k €	+14.4%	522,5 k €	+9.6%	476,5 k €	+11.3%	428 k €	+18.7%	360,6 k €	+16.1%	310,7 k €	+10.9%	280,1 k €	+13.4%	247 k €	+14.6%	215,5 k €	+69.7%	126,9 k €	-50.4%	256 k €	+15.6%	221,5 k €	+26.3%	175,3 k €	+7.9%	162,5 k €
Cash	458 k €	+398%	92 k €	-49.5%	182,4 k €	-63.7%	502,4 k €	-24.1%	662,2 k €	+14.6%	577,8 k €	+17.6%	491,3 k €	+10.0%	446,8 k €	+1.2%	441,7 k €	+13.4%	389,5 k €	+23.7%	314,8 k €	+29.4%	243,2 k €	+19.8%	203 k €	+17.2%	173,3 k €	+14.2%	151,8 k €	+142%	62,8 k €	-47.3%	119,1 k €	-27.5%	164,3 k €	+570%	24,5 k €	-82.3%	138,8 k €
Debts	38,9 k €	+19.4%	32,6 k €	-66.2%	96,2 k €	+120%	43,7 k €	-75.3%	177,3 k €	+469%	31,1 k €	+52.8%	20,4 k €	+38.1%	14,8 k €	-44.8%	26,7 k €	+8.8%	24,6 k €	+8.5%	22,6 k €	-11.5%	25,6 k €	-55.0%	56,9 k €	+222%	17,7 k €	-64.2%	49,5 k €	+66.9%	29,6 k €	-86.4%	217,3 k €	+1779%	11,6 k €	+35.0%	8,6 k €	-70.6%	29,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Raf Scrayen

Director · since 14 juin 2002

Active

Ended mandates

Raf Scrayen

Director

Ended

Raf Scrayen

Manager

Ended

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	08/06/2026	10/06/2025	05/06/2024	06/06/2023	22/06/2022	09/06/2021
General meeting	05/06/2026	05/06/2025	05/06/2024	05/06/2023	07/06/2022	05/06/2021
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	05/06/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	05/06/2024	05/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	08/06/2020	Dutch	PDF
Micro model	31/12/2018	05/06/2019	24/06/2019	Dutch	PDF
Micro model	31/12/2017	05/06/2018	14/06/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	26/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	15/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	18/06/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	08/06/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	11/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 2 ended

Active mandates

Raf Scrayen

Director · since 14 juin 2002

Active

Ended mandates

Raf Scrayen

Director

Ended

Raf Scrayen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/02/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/03/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202585,1 k €↑
2024
Annual accounts 202476,2 k €↓
2023
Annual accounts 202396,1 k €↑
2022
Annual accounts 202276 k €↓
2021
Annual accounts 2021107,5 k €↑
2020
Annual accounts 202071,2 k €↑
2019
Annual accounts 201969,5 k €↑
2018
Annual accounts 201858 k €↑
2017
Annual accounts 201746,6 k €↓
2016
Annual accounts 201665,8 k €↑
2015
Annual accounts 201553,1 k €↓
2014
Annual accounts 201464 k €↑
2013
Annual accounts 201352 k €↓
2012
Annual accounts 201267,3 k €↓
2011
Annual accounts 201168,4 k €↑
2010
Annual accounts 201058,8 k €↑
2009
Annual accounts 200929,1 k €↓
2008
Annual accounts 200843,8 k €↑
2007
Annual accounts 200735,4 k €↓
2006
Annual accounts 200638 k €
08/07/2002
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

EXMO

Overview

What does EXMO 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline