ACTIVE

imec.xpand

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Financial year 2025 · closed on 31/12/2025

Net result

-6,5 M €

+64.6% YoY

Gross margin

-990,9 k €

+2.6% YoY

Equity

66,9 M €

-1.0% YoY

What does imec.xpand do?

imec.xpand is a Limited partnership incorporated in 2017. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0671.931.371

Incorporation

01/03/2017

Legal form

Limited partnership

Registered office

Kapeldreef 75
3001 Leuven · FlandreSee on map

Contributed capital

110 967 315,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow risk

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 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Gross margin	-990,9 k €	+2.6%	-1,0 M €	-12.1%	-907,7 k €	+18.1%	-1,1 M €	+37.4%	-1,8 M €	-0.5%	-1,8 M €	+1.9%	-1,8 M €	-35.4%	-1,3 M €	-71.1%	-776,4 k €
EBITDA	-991,9 k €	+2.6%	-1,0 M €	-12.1%	-908,7 k €	+18.1%	-1,1 M €	+37.4%	-1,8 M €	-0.5%	-1,8 M €	+1.9%	-1,8 M €	-35.4%	-1,3 M €	-71.1%	-776,8 k €
Operating result	-991,9 k €	+2.6%	-1,0 M €	-12.1%	-908,7 k €	+18.1%	-1,1 M €	+37.4%	-1,8 M €	-0.5%	-1,8 M €	+1.9%	-1,8 M €	-35.4%	-1,3 M €	-71.1%	-776,8 k €
Net result	-6,5 M €	+64.6%	-18,5 M €	-210%	-6,0 M €	-137%	-2,5 M €	-43.2%	-1,8 M €	+63.5%	-4,8 M €	-145%	-2,0 M €	-51.1%	-1,3 M €	-66.9%	-776,9 k €
Balance sheet
Equity	66,9 M €	-1.0%	67,6 M €	-9.1%	74,4 M €	+8.3%	68,6 M €	+43.6%	47,8 M €	+26.2%	37,9 M €	-11.3%	42,7 M €	+57.4%	27,1 M €	+78.8%	15,2 M €
Total assets	66,9 M €	-1.4%	67,8 M €	-8.8%	74,4 M €	+8.3%	68,7 M €	+42.4%	48,2 M €	+26.6%	38,1 M €	-11.6%	43,1 M €	+58.8%	27,1 M €	+78.7%	15,2 M €
Cash	698,4 k €	-11.7%	790,8 k €	-61.5%	2,1 M €	-63.2%	5,6 M €	+40.2%	4,0 M €	-61.8%	10,4 M €	-8.2%	11,4 M €	-30.6%	16,4 M €	+8.1%	15,1 M €
Debts	–		250,0 k €	+126961%	196,8 €		–		398,8 k €	+101%	197,9 k €	-49.7%	393,3 k €		–		3,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

XPAND Partners

Manager · 0671.820.020

Represented by Tom Vanhoutte

Active

Ended mandates

XPAND Partners

Director · 0671.820.020

Represented by Tom Vanhoutte

Ended

XPAND Partners

Manager · 0671.820.020

Represented by Tom Vanhoutte

Ended

XPAND Partners

Manager · 0671.820.020

Represented by Tom Vanhoutte

Ended

At this address

Other companies at this address

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APPLIED MATERIALS BELGIUM● Active	0452.877.162
ASM Belgium● Active	0468.489.808
COOPERATIEF ONDERNEMEN IN RATIONEEL ENERGIEGEBRUIK● Active	0845.955.806
European Design and Automation Association● Active	0886.958.892
FIDIMEC● Active	0471.513.733
FINLAB● Active	0425.285.315
imec EU pilot line● Active	1004.987.603
IMEC GROEP BTW eenheid● Active	0834.775.664
IMEC International● Active	0817.807.097
imec.istart Fund● Active	0672.768.937
imec.istart Partners● Active	0671.820.119
IMEC MNO Group● Active	1014.026.518
imec.xpand II● Active	0784.720.102
International Microelectronics and Packaging Society - Benelux● Active	0416.290.841
Interuniversitair Micro-Electronica Centrum● Active	0425.260.668
Lam Research Belgium● Active	0561.862.008
Micron Technology Belgium● Active	0821.825.075
Roger Van Overstraeten Society● Active	0472.880.542
Vereniging van Leraars in de Wetenschappen● Active	0410.880.122
XPAND Partners● Active	0671.820.020

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	27/07/2026	19/06/2025	26/08/2024	22/06/2023	16/06/2022	14/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	27/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	19/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	14/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	26/06/2020	Dutch	PDF
Abridged model	31/12/2018	29/05/2019	05/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	25/06/2018	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 3 ended

Active mandates

XPAND Partners

Manager · 0671.820.020

Represented by Tom Vanhoutte

Active

Ended mandates

XPAND Partners

Director · 0671.820.020

Represented by Tom Vanhoutte

Ended

XPAND Partners

Manager · 0671.820.020

Represented by Tom Vanhoutte

Ended

XPAND Partners

Manager · 0671.820.020

Represented by Tom Vanhoutte

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other07/05/2026
DIVERSEN
PDF
Mandates28/09/2023
WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Other08/06/2023
DIVERSEN
PDF
Mandates20/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other11/06/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares12/09/2018
KAPITAAL - AANDELEN
PDF
Mandates28/05/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/01/2018
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - 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 2025-6,5 M €↑
2024
Annual accounts 2024-18,5 M €↓
2024
Name changeimec.xpand Priv.privak nr B recht
2023
Annual accounts 2023-6,0 M €↓
2022
Annual accounts 2022-2,5 M €↓
2021
Annual accounts 2021-1,8 M €↑
2021
Name changeimec.xpand, private privak naar Belgisch recht
2020
Annual accounts 2020-4,8 M €↓
2019
Annual accounts 2019-2,0 M €↓
2018
Annual accounts 2018-1,3 M €↓
2017
Annual accounts 2017-776,9 k €
01/03/2017
IncorporationLimited partnership
2017
Name changeimec.xpand

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

imec.xpand

Overview

What does imec.xpand do?

Trend over 9 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