Financials
Financial year 2025
ExplendIT from Hove, company number BE0677977837, closed financial year 2025 with a result of € 57,947 after tax. For that financial year ExplendIT recorded a gross margin of € 89,245 and equity of € 57,137. Compared with financial year 2024, the result moved from € 59,911 to € 57,947. 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 December 15, 2025.
€ 57,137
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 57,947
▼ 3% vs 2024
Profit after tax over the fiscal year.
€ 65,675
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 48,000 paid out
83 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 7,018
▲ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 594
▲ 178% vs 2024
Loans from banks and other lenders, long and short.
€ 1,230
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -15,585 | € 20,047 | € 81,657 | € 89,245 | ▲ 9% |
| Profit after taxes | € -34,497 | € 9,395 | € 59,911 | € 57,947 | ▼ 3% |
| Equity | € 44,665 | € 54,061 | € 47,190 | € 57,137 | ▲ 21% |
| Total debts | € 11,358 | € 18,247 | € 78,159 | € 52,620 | ▼ 33% |
| Cash | € 7,516 | € 36,999 | € 96,020 | € 65,675 | ▼ 32% |
| Retained profit | € 26,065 | € 35,461 | € 28,590 | € 38,537 | ▲ 35% |
| Dividend | € 0 | € 0 | € 66,782 | € 48,000 | ▼ 28% |
| Bank debt | € 853 | € 0 | € 214 | € 594 | ▲ 178% |
| Balance sheet total | € 56,024 | € 72,308 | € 125,349 | € 109,757 | ▼ 12% |
Key figures of ExplendIT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ExplendIT?
What happened at ExplendIT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 57,947 (▼ 3% vs 2024). Source: NBB ↗
- New establishment in Hove. KBO
- Start of the company according to the CBE. KBO
In short
From € 34,497 loss in 2022 to € 57,947 profit in 2025.
Paid € 30,899 in corporate taxes since 2022.
Best year ever: 2024, with € 59,911 profit.
Paid out € 114,782 in dividends to the owners in total.
Management
Behind ExplendIT is Maarten Follaets. Maarten Follaets is also behind Xplendit.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Magdalena Vermeeschlaan 27
2540 Hove
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0677.977.837
- VAT number
- BE 0677.977.837
- Registered office
- Magdalena Vermeeschlaan 27, 2540 Hove
- Names & denominations
- ExplendIT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 July 2017
- Peppol
- Active · Active since 8 Dec 2022
- Activities · NACE
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