ACTIVE

EXPECT

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

137,7 k €

-5.2% YoY

Gross margin

228,3 k €

-21.6% YoY

Equity

1,2 M €

+12.8% YoY

What does EXPECT do?

EXPECT is a Private limited company incorporated in 2014. Its main activity is: Public relations and communication activities. Its registered office is in Liège.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0553.807.543

Incorporation

13/06/2014

Legal form

Private limited company

Registered office

Rue de l'Avouerie 7
4000 Liège · WallonieSee on map

Contributed capital

20 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research

Signals

ProfitableSolid equityLow riskPositive 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 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Gross margin	228,3 k €	-21.6%	291,2 k €	+20.6%	241,4 k €	+34.8%	179 k €	+16.5%	153,6 k €	+2.9%	149,4 k €	-29.7%	212,4 k €	+10.6%	192,1 k €	+26.3%	152,1 k €	+89.5%	80,2 k €	+21.8%	65,9 k €
EBITDA	215,4 k €	-8.4%	235,1 k €	-2.1%	240,1 k €	+34.8%	178,1 k €	+16.7%	152,6 k €	+6.7%	142,9 k €	-31.1%	207,3 k €	+8.5%	191 k €	+186%	-221,3 k €	-378%	79,6 k €	+26.4%	62,9 k €
Operating result	211,5 k €	-9.5%	233,7 k €	-2.0%	238,6 k €	+35.1%	176,7 k €	+16.6%	151,4 k €	+6.3%	142,5 k €	-31.3%	207,3 k €	+8.5%	191 k €	+186%	-221,5 k €	-381%	78,9 k €	+26.5%	62,4 k €
Net result	137,7 k €	-5.2%	145,3 k €	-10.0%	161,5 k €	+46.3%	110,4 k €	+30.0%	84,9 k €	+4.8%	81 k €	-35.6%	125,8 k €	+47.8%	85,1 k €	+130%	-283,3 k €	-190%	313,5 k €	+25.5%	249,7 k €
Balance sheet
Equity	1,2 M €	+12.8%	1,1 M €	+13.2%	947,7 k €	+20.4%	787 k €	+16.3%	676,7 k €	+14.3%	591,8 k €	+15.9%	510,8 k €	+32.7%	385,1 k €	+28.4%	300 k €	-48.6%	583,2 k €	+116%	269,7 k €
Total assets	1,9 M €	-3.0%	2 M €	+1.4%	1,9 M €	+3.5%	1,9 M €	-1.1%	1,9 M €	+0.7%	1,9 M €	+1.8%	1,8 M €	+0.1%	1,8 M €	+0.0%	1,8 M €	-16.5%	2,2 M €	-1.0%	2,2 M €
Cash	37,3 k €	+49.9%	24,9 k €	+12.1%	22,2 k €	+91.4%	11,6 k €	-66.2%	34,4 k €	+51.1%	22,7 k €	+423%	4,4 k €		0 €	-100%	6,9 k €		–		1,6 k €
Debts	687,5 k €	-20.0%	859,3 k €	-12.6%	982,8 k €	-8.8%	1,1 M €	-10.8%	1,2 M €	-5.6%	1,3 M €	-3.7%	1,3 M €	-8.5%	1,5 M €	-5.5%	1,5 M €	-4.5%	1,6 M €	-17.5%	2 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Pierre-Philippe Janssen

Director

Active

Ended mandates

Pierre-Philippe JANSSEN

Director · since 16 janvier 2024

Ended

Pierre-Philippe JANSSEN

Director · since 13 juin 2014

Ended

Pierre-Philippe JANSSEN

Manager · since 13 juin 2014

Ended

PIERRE-PHILIPPE JANSSEN

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
123CDI● Active	0544.978.266
123CDI Logistics● Active	0751.577.477
123INTERIM● Active	0801.478.732
ACéVi Industrie● Active	0830.302.083
ADVANCED COATING● Active	0458.085.072
ALTRA● Active	0432.648.110
ArcelorMittal Tailored Blanks Liège● Active	0414.297.391
GMT COATINGS● Active	0737.546.923
NEUROMEDIA SOFTWARE● Active	0559.797.886

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro 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	15/07/2026	27/08/2025	31/08/2024	28/08/2023	22/08/2022	30/08/2021
General meeting	29/06/2026	27/06/2025	30/08/2024	30/06/2023	24/06/2022	25/06/2021
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 days

Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	15/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	30/08/2024	31/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	28/08/2023	French	PDF
Abridged model	31/12/2021	24/06/2022	22/08/2022	French	PDF
Abridged model	31/12/2020	25/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	26/06/2020	01/09/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	15/07/2019	French	PDF
Micro model	31/12/2017	29/06/2018	24/08/2018	French	PDF
Micro model	31/12/2016	30/06/2017	28/08/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	05/08/2016	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 5 ended

Active mandates

Pierre-Philippe Janssen

Director

Active

Ended mandates

Pierre-Philippe JANSSEN

Director · since 16 janvier 2024

Ended

Pierre-Philippe JANSSEN

Director · since 13 juin 2014

Ended

Pierre-Philippe JANSSEN

Manager · since 13 juin 2014

Ended

PIERRE-PHILIPPE JANSSEN

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office20/01/2020
SIEGE SOCIAL
PDF
Registered office11/04/2018
SIEGE SOCIAL
PDF
Registered office17/11/2014
SIEGE SOCIAL
PDF
Other17/06/2014
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025137,7 k €↓
2024
Annual accounts 2024145,3 k €↓
2023
Annual accounts 2023161,5 k €↑
2022
Annual accounts 2022110,4 k €↑
2021
Annual accounts 202184,9 k €↑
2020
Annual accounts 202081 k €↓
2019
Annual accounts 2019125,8 k €↑
2018
Annual accounts 201885,1 k €↑
2017
Annual accounts 2017-283,3 k €↓
2016
Annual accounts 2016313,5 k €↑
2015
Annual accounts 2015249,7 k €
13/06/2014
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 11 financial years

Indicative valuation

Board of directors

Other companies at this address

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