Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EXPECT from Liège, company number BE0553807543, closed financial year 2025 with a result of € 137,716 after tax. For that financial year EXPECT recorded a gross margin of € 228,309 and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 145,339 to € 137,716. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 1.2 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 137,716
▼ 5% vs 2024
Profit after tax over the fiscal year.
€ 37,336
▲ 50% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.2 million.
People and assets in 2025
€ 4,853
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 211,204
▼ 45% vs 2024
€ 123,437 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 13,781
▲ 181% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 126,285
▲ 7% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 179,046 | € 241,403 | € 291,213 | € 228,309 | ▼ 22% |
| Profit after taxes | € 110,353 | € 161,456 | € 145,339 | € 137,716 | ▼ 5% |
| Equity | € 787,021 | € 947,677 | € 1,073,015 | € 1,210,731 | ▲ 13% |
| Total debts | € 1,078,045 | € 982,813 | € 884,961 | € 687,530 | ▼ 22% |
| Cash | € 11,607 | € 22,217 | € 24,905 | € 37,336 | ▲ 50% |
| Retained profit | € 767,021 | € 927,677 | € 1,053,015 | € 1,190,731 | ▲ 13% |
| Dividend | € 0 | € 800 | € 20,000 | € 0 | ▼ 100% |
| Bank debt | € 638,454 | € 513,533 | € 386,265 | € 211,204 | ▼ 45% |
| Balance sheet total | € 1,865,066 | € 1,930,490 | € 1,957,976 | € 1,898,262 | ▼ 3% |
Key figures of EXPECT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EXPECT?
What happened at EXPECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 137,716 (▼ 5% vs 2024). Source: NBB ↗
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 110,353 profit in 2022 to € 137,716 profit in 2025.
Paid € 213,342 in corporate taxes since 2022.
Best year ever: 2023, with € 161,456 profit.
Paid out € 20,800 in dividends to the owners in total.
Management
Behind EXPECT is Pierre-Philippe Janssen. It owns 71.3% of Advanced Coating itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue de l'Avouerie 7
4000 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ArcelorMittal Tailored Blanks Liège
€ 52.7 million revenue · 2025
ALTRA
€ 517,839 gross margin · 2025
ADVANCED COATING same network
€ 1.6 million gross margin · 2025
123CDI
€ 3.7 million revenue · 2025
NEUROMEDIA SOFTWARE
€ 95,868 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
ONECOM, DK
Domain
Domain
advanced-coating.com
Registered
1998-07-28
Registrar
One.com A/S
Expires
2026-07-27
Website info
Features
Security
Details
- Company number
- 0553.807.543
- VAT number
- BE 0553.807.543
- Registered office
- Rue de l'Avouerie 7, 4000 Liège
- Names & denominations
- EXPECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 2014
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- advanced-coating.com
- Activities · NACE
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Adviesbureaus op het gebied van public relations en communicatie