EXCELERATE
ActiveEXCELERATE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €635k and a net result of €-20k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▼-1
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 15.65 against 22.24 in 2023; short-term debt: 3.3% and cash: 20.8% of total assets), and 3.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.7%
Return on assets
-3.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-20k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-08-2025, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
5 d late
2023
65 d early
2022
50 d early
2021
on the day
2020
9 d early
2019
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€635k▼ 5.3%
2023 · €670k
2018: €827k
2019: €808k
2020: €791k
2021: €889k
2022: €686k
2023: €670k
2018 → 2024
Total assets
€657k▼ 5.6%
2023 · €696k
2018: €844k
2019: €827k
2020: €807k
2021: €922k
2022: €756k
2023: €696k
2018 → 2024
Net result
€-20k▼ 27.4%
2023 · €-16k
2018: €-17k
2019: €-18k
2020: €-18k
2021: €153k
2022: €28k
2023: €-16k
2018 → 2024
Working capital
€317k▼ 6.9%
2023 · €341k
2018: €768k
2019: €759k
2020: €447k
2021: €575k
2022: €392k
2023: €341k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€791k-€889k▲ 12.4%€686k▼ 22.8%€670k▼ 2.3%€635k▼ 5.3%
Operating result€-31k-€-2k▲ 92.6%€30k€-17k€-21k▼ 25.0%
Net result€-18k-€153k€28k▼ 81.9%€-16k€-20k▼ 27.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €17k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €657k
Fixed assets
€318k▼ 6.3%
Current assets
€339k▼ 5.0%
Equity and liabilities €657k
Equity
€635k▼ 5.3%
Debt
€22k▼ 14.2%
The debt ratio falls from 3.6% to 3.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6k▼
2023 · €9k
Cash flow
€7k▼
2023 · €9k
Solvency
96.7%▲
2023 · 96.4%
Current ratio
15.65▼
2023 · 22.24
Quick ratio
15.65▼
2023 · 22.24
Debt / equity
0.03▼
2023 · 0.04
ROE
-3.2%▼
2023 · -2.4%
ROA
-3.1%▼
2023 · -2.3%
Interest coverage
20.21▼
2023 · 41.05
Debt
€22k▼
2023 · €25k
Debt ≤ 1 year
€22k▲
2023 · €16k
Income taxes
€473▼
2023 · €531
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€696k€657k▼
Fixed assets21/28€339k€318k▼
Tangible fixed assets22/27€339k€316k▼
Land and buildings22€263k€256k▼
Plant, machinery and equipment23€6k€6k▼
Furniture and vehicles24€70k€54k▼
Financial fixed assets28-€2k
Current assets29/58€357k€339k▼
Amounts receivable within one year40/41€23k€43k▲
Trade receivables40€22k€42k▲
Other amounts receivable41€1k€759▼
Current investments50/53€152k€153k▲
Cash at bank and in hand54/58€162k€137k▼
Deferred charges and accrued income490/1€20k€6k▼
Equity and liabilities
Total equity and liabilities10/49€696k€657k▼
Equity10/15€670k€635k▼
Contributions10/11€12k€12k=
Reserves13€674k€659k▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€672k€659k▼
Profit (loss) carried forward14€-16k€-37k▼
Amounts payable17/49€25k€22k▼
Amounts payable within one year42/48€16k€22k▲
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€6k€7k▲
Other amounts payable47/48€4k€1k▼
Accrued charges and deferred income492/3€9k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€27k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€10k€8k▼
Operating profit (loss)9901€-17k€-21k▼
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€210€316▲
Recurring financial charges65€210€316▲
Profit (loss) for the period before taxes9903€-16k€-20k▼
Income taxes67/77€531€473▼
Profit (loss) for the period9904€-16k€-20k▼
Profit (loss) for the period to be appropriated9905€-16k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-37k▼
Profit (loss) brought forward from the previous period14P-€-16k
Transfer from equity791/2-€17k
Transfer to equity691/2-€2k
To other reserves6921-€2k
Profit to be distributed694/7-€15k
Return on contributions (dividend)694-€15k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 22.24
Current ratio from 6.62 to 22.24; short-term debt falls from €70k to €16k.
11-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-11
Financial
Back to profitnet €153k
Net result €153k after 3 loss-making years.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Tremelo · 1 establishment unit since 2001
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.
Park Tremeland 693120 TremeloGround area
2,190 m²
Building footprint
203 m²
Volume, LiDAR
780 m³
Parcel 24109A0282/00C000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Park Tremeland 69, 3120 Tremelo
since 20012.100.084.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24109A0282/00C000 | Flanders | 2,190 m² | 1 · 203 m² | 8.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 74 EUR awarded · 74 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 74 EUR |
| 2023 | 1 | 74 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,362 companies in sector 78100 we hold annual accounts for 1,365. 808 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2001
Fiscal year end31-12
Activities, NACEBEL
74501
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.