EXCELCO
ActiveSummary
EXCELCO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €505k and a net result of €30k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 25% of 8663 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-5
Solvency48▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.67 in 2024; short-term debt: 35.5% and cash: 8.1% of total assets), and 76.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.2%
Return on assets
1.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 8663 sector peers (2025).
NBB · sector comparisonPosition among 8663 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-04-2026, 115 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
115 d early
2024
142 d early
2023
125 d early
2022
95 d early
2021
33 d early
2020
36 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€505k▲ 6.3%
2024 · €475k
2018: €1.14M
2019: €174k
2020: €226k
2021: €305k
2022: €359k
2023: €408k
2024: €475k
2018 → 2025
Total assets
€2.17M▼ 1.3%
2024 · €2.20M
2018: €2.10M
2019: €2.11M
2020: €2.11M
2021: €2.17M
2022: €2.18M
2023: €2.35M
2024: €2.20M
2018 → 2025
Net result
€30k▼ 55.4%
2024 · €67k
2018: €23k
2019: €2k
2020: €53k
2021: €79k
2022: €54k
2023: €48k
2024: €67k
2018 → 2025
Working capital
€-155k▲ 42.9%
2024 · €-271k
2018: €1.15M
2019: €62k
2020: €143k
2021: €246k
2022: €309k
2023: €-162k
2024: €-271k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€305k-€359k▲ 17.8%€408k▲ 13.4%€475k▲ 16.6%€505k▲ 6.3%
Operating result€55k-€89k▲ 63.4%€88k▼ 1.0%€100k▲ 13.5%€46k▼ 54.4%
Net result€79k-€54k▼ 31.1%€48k▼ 11.1%€67k▲ 40.1%€30k▼ 55.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.17M
Fixed assets
€1.56M ▼ 5.2%
Current assets
€617k ▲ 10.1%
Equity and liabilities €2.17M
Equity
€505k ▲ 6.3%
Debt
€1.67M ▼ 3.4%
Debt's share of the balance-sheet total falls from 78.4% to 76.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€78k▼
2024 · €132k
Cash flow
€62k▼
2024 · €99k
Current ratio
0.80▲
2024 · 0.67
Debt to equity
3.30▼
2024 · 3.64
ROE
6.0%▼
2024 · 14.2%
ROA
1.4%▼
2024 · 3.1%
Interest coverage
1.97▼
2024 · 2.37
Debt ≤ 1 year
€771k▼
2024 · €831k
Debt > 1 year
€898k=
2024 · €898k
Income taxes
€16k▼
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.20M€2.17M▼
Fixed assets21/28€1.64M€1.56M▼
Tangible fixed assets22/27€318k€287k▼
Land and buildings22€301k€276k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€16k€9k▼
Financial fixed assets28€1.33M€1.27M▼
Current assets29/58€560k€617k▲
Amounts receivable within one year40/41€131k€31k▼
Trade receivables40€18k-
Other amounts receivable41€113k€31k▼
Current investments50/53€346k€406k▲
Cash at bank and in hand54/58€80k€176k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.20M€2.17M▼
Equity10/15€475k€505k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€120k€120k=
Reserves13€336k€367k▲
Distributable reserves133€336k€367k▲
Amounts payable17/49€1.73M€1.67M▼
Amounts payable after more than one year17€898k€898k=
Financial debts170/4€898k€898k=
Amounts payable within one year42/48€831k€771k▼
Trade debts44€8k€3k▼
Suppliers440/4€8k€3k▼
Taxes, remuneration and social security45€34k€25k▼
Taxes450/3€31k€21k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€789k€744k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€32k▲
Other operating charges640/8€6k€21k▲
Gross operating margin9900€138k€99k▼
Operating profit (loss)9901€100k€46k▼
Financial income75/76B€52k€40k▼
Recurring financial income75€52k€40k▼
Financial charges65/66B€56k€40k▼
Recurring financial charges65€56k€40k▼
Profit (loss) for the period before taxes9903€96k€46k▼
Income taxes67/77€29k€16k▼
Profit (loss) for the period9904€67k€30k▼
Profit (loss) for the period to be appropriated9905€67k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€30k▼
Transfer to equity691/2€67k€30k▼
To other reserves6921€67k€30k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €500kEq €505k ▲6.3%
8 profitable years in a row build equity to €505k.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €79k ▲49.9%
Net result €79k, the highest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200kEq €226k ▲30.2%
3 profitable years in a row build equity to €226k.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €2k ▼89.4%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Genkersteenweg 3883500 HasseltGround area
1,259 m²
Building footprint
151 m²
Volume, LiDAR
1,187 m³
Parcel 71322B0226/00T000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EXCELCO BVBA
since 20042.201.399.657
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322B0226/00T000 | Flanders | 1,259 m² | 1 · 151 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
529900OOEZB36A42SA86
Similar companies · same sector, comparable size
MENLO PARK
BE 0667.821.838
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Pavio
BE 0687.796.712
Deinze · Eq €505,052
Passer
BE 0862.579.725
Brugge · Eq €505,108
Feniks Investment Consultancy
BE 0645.767.996
Beerse · Eq €505,121
ADVIES EN REORGANISATIE BUREAU
BE 0438.426.241
Hasselt · Eq €505,026
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 34,545 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
58290Other software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.