ACTIVE

ExplendIT

Financial year 2025 · closed on 30/06/2025
Net result
57,9 k €
-3.3% YoY
Gross margin
89,2 k €
+9.3% YoY
Equity
57,1 k €
+21.1% YoY
Workforce
0,0 ETP

What does ExplendIT do?

ExplendIT is a Private limited company incorporated in 2017. Its registered office is in Hove.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0677.977.837
Incorporation
06/07/2017
Legal form
Private limited company
Registered office
Magdalena Vermeeschlaan 27
2540 Hove · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/06/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Gross margin89,2 k €81,7 k €20 k €-15,6 k €14,5 k €62,7 k €74,7 k €
EBITDA88,5 k €80,8 k €19,1 k €-16,6 k €13,4 k €61,4 k €66,4 k €
Operating result77,9 k €73,1 k €12,2 k €-33,7 k €-4 k €49,8 k €47,7 k €
Net result57,9 k €59,9 k €9,4 k €-34,5 k €-5,2 k €37,1 k €28,6 k €
Balance sheet
Equity57,1 k €47,2 k €54,1 k €44,7 k €66,8 k €72 k €34,8 k €
Total assets109,8 k €125,3 k €72,3 k €56 k €76,1 k €99,3 k €84,7 k €
Cash65,7 k €96 k €37 k €7,5 k €1,2 k €3,7 k €42,4 k €
Debts52,6 k €78,2 k €18,2 k €11,4 k €9,4 k €27,4 k €49,9 k €
Other
Workforce0,0 ETP0,0 ETP
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 30/06/2025 · 1 active · 3 ended

Active mandates

Maarten Follaets

Director

Active

Ended mandates

Luc Follaets

Director · since 04 mai 2020

Ended
Maarten Follaets

Manager · since 05 juillet 2017

Ended
Luc Follaets

Director

Ended
At this address

Other companies at this address

CompanyCBE no.
VentropolisActive
1038.608.001
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/12/202503/12/202408/12/202306/12/202221/12/202104/02/2021
General meeting01/12/202502/12/202404/12/202305/12/202206/12/202107/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202501/12/202515/12/2025DutchPDF
Abridged model30/06/202402/12/202403/12/2024DutchPDF
Abridged model30/06/202304/12/202308/12/2023DutchPDF
Abridged model30/06/202205/12/202206/12/2022DutchPDF
Abridged model30/06/202106/12/202121/12/2021DutchPDF
Micro model30/06/202007/12/202004/02/2021DutchPDF
Micro model30/06/201902/12/201931/01/2020DutchPDF
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 30/06/2025 · 1 active · 3 ended

Active mandates

Maarten Follaets

Director

Active

Ended mandates

Luc Follaets

Director · since 04 mai 2020

Ended
Maarten Follaets

Manager · since 05 juillet 2017

Ended
Luc Follaets

Director

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/08/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/07/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202557,9 k €
  2. 2024
    Annual accounts 202459,9 k €
  3. 2023
    Annual accounts 20239,4 k €
  4. 2022
    Annual accounts 2022-34,5 k €
  5. 2021
    Annual accounts 2021-5,2 k €
  6. 2020
    Annual accounts 202037,1 k €
  7. 2019
    Annual accounts 201928,6 k €
  8. 06/07/2017
    IncorporationPrivate limited company