Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Explane from Liège, company number BE0729589557, closed financial year 2025 with a result of € 287,618 after tax. For that financial year Explane recorded a gross margin of € 441,136 and equity of € 27,076. Compared with financial year 2024, the result moved from € 267,086 to € 287,618. Profitable, and profit is growing. The buffer shrank hard: equity is 55 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 27,076
▼ 55% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 287,618
▲ 8% vs 2024
Profit after tax over the fiscal year.
€ 184,596
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 318,966 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 56,920
▼ 8% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 16,810
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 497,910
▼ 6% vs 2024
€ 30,330 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 94,967
▲ 140% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 101,267
▲ 60% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 317,671 | € 455,310 | € 407,975 | € 441,136 | ▲ 8% |
| Profit after taxes | € 220,713 | € 303,476 | € 267,086 | € 287,618 | ▲ 8% |
| Equity | € 197,584 | € 58,629 | € 60,424 | € 27,076 | ▼ 55% |
| Total debts | € 825,771 | € 1,073,792 | € 943,316 | € 988,745 | ▲ 5% |
| Cash | € 228,211 | € 334,285 | € 261,430 | € 184,596 | ▼ 29% |
| Land & buildings | € 578,628 | € 562,453 | € 544,304 | € 526,155 | ▼ 3% |
| Retained profit | € 191,584 | € 52,629 | € 54,424 | € 21,076 | ▼ 61% |
| Dividend | € 64,035 | € 441,431 | € 265,291 | € 318,966 | ▲ 20% |
| Bank debt | € 588,898 | € 558,569 | € 528,239 | € 497,910 | ▼ 6% |
| Balance sheet total | € 1,023,355 | € 1,132,421 | € 1,003,740 | € 1,015,821 | ▲ 1% |
| Employees (FTE) | 0.8 | 0.7 | 0.8 | 0.8 |
Key figures of Explane, 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 Explane?
What happened at Explane in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 287,618 (▲ 8% vs 2024). Source: NBB ↗
- New establishment in Liège. KBO
- MICHEL DELNOY became a director. NBB
- MARTIN LAUWERS became a director. NBB
- ALEXANDRE PIRSON became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 220,713 profit in 2022 to € 287,618 profit in 2025.
Paid € 191,723 in corporate taxes since 2022.
Best year ever: 2023, with € 303,476 profit.
Paid out € 1.1 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Explane are MICHEL DELNOY, MARTIN LAUWERS and ALEXANDRE PIRSON. It owns CoopERLiC itself.
Establishments
Establishment units
Physical locations of this company
Rue Albert-Mockel 43 box 11
4000 Liège
Rue Saint-Hubert 17
4000 Liège
Active since 1 July 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0729.589.557
- VAT number
- BE 0729.589.557
- Registered office
- Rue Albert-Mockel 43 bus 11, 4000 Liège
- Names & denominations
- Explane
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 2019
- Peppol
- Active · Active since 19 Nov 2025
- Contact
- explane.be [email protected] +3242770314
- Activities · NACE
Activiteiten van advocaten