EXCELEVATE
ActiveEXCELEVATE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €13k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 11% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-14
Solvency30▼-70
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
4.5%
Return on assets
10.7%
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 11% of 16989 sector peers (2025).
NBB · sector comparisonPosition among 16989 sector peers
Solvency
better than 11%
← 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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
7 d early
2023
44 d early
2022
18 d early
2021
46 d early
2020
47 d early
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▼ 94.3%
2024 · €93k
2020: €55k
2021: €62k
2022: €65k
2023: €82k
2024: €93k
2020 → 2025
Total assets
€117k▲ 0.7%
2024 · €116k
2020: €87k
2021: €75k
2022: €77k
2023: €139k
2024: €116k
2020 → 2025
Net result
€13k▼ 50.4%
2024 · €25k
2020: €50k
2021: €7k
2022: €3k
2023: €57k
2024: €25k
2020 → 2025
Working capital
€-3k
2024 · €83k
2020: €55k
2021: €62k
2022: €65k
2023: €82k
2024: €83k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€65k▲ 4.8%€82k▲ 26.9%€93k▲ 12.5%€5k▼ 94.3%
Operating result€10k-€5k▼ 51.1%€73k▲ 1,430%€33k▼ 55.3%€16k▼ 50.7%
Net result€7k-€3k▼ 57.1%€57k▲ 1,825%€25k▼ 56.0%€13k▼ 50.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 51% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €117k
Fixed assets
€8k▼ 15.2%
Current assets
€109k▲ 2.1%
Equity and liabilities €117k
Equity
€5k▼ 94.3%
Debt
€112k▲ 378%
The debt ratio rises from 20.1% to 95.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19k▼
2024 · €33k
Cash flow
€16k▼
2024 · €26k
Solvency
4.5%▼
2024 · 79.9%
Current ratio
0.98▼
2024 · 4.57
Quick ratio
0.98▼
2024 · 4.57
Debt / equity
21.17▲
2024 · 0.25
ROE
237.8%▲
2024 · 27.3%
ROA
10.7%▼
2024 · 21.8%
Interest coverage
201.56▲
2024 · 73.58
Debt
€112k▲
2024 · €23k
Debt ≤ 1 year
€112k▲
2024 · €23k
Income taxes
€3k▼
2024 · €7k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€116k€117k▲
Fixed assets21/28€9k€8k▼
Tangible fixed assets22/27€9k€8k▼
Furniture and vehicles24€9k€8k▼
Financial fixed assets28€365€365=
Current assets29/58€107k€109k▲
Amounts receivable within one year40/41€27k€37k▲
Trade receivables40€22k€33k▲
Other amounts receivable41€5k€5k▼
Cash at bank and in hand54/58€79k€71k▼
Deferred charges and accrued income490/1€802€743▼
Equity and liabilities
Total equity and liabilities10/49€116k€117k▲
Equity10/15€93k€5k▼
Contributions10/11€5k€5k=
Reserves13€88k€273▼
Distributable reserves133€88k€273▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€23k€112k▲
Amounts payable within one year42/48€23k€112k▲
Financial debts43€228€18▼
Credit institutions430/8€228€18▼
Trade debts44€755€1k▲
Suppliers440/4€755€1k▲
Taxes, remuneration and social security45€7k€10k▲
Taxes450/3€7k€10k▲
Other amounts payable47/48€15k€100k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€579€3k▲
Other operating charges640/8€469€462▼
Gross operating margin9900€34k€20k▼
Operating profit (loss)9901€33k€16k▼
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€452€96▼
Recurring financial charges65€452€96▼
Profit (loss) for the period before taxes9903€32k€16k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€25k€13k▼
Profit (loss) for the period to be appropriated9905€25k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€13k▼
Transfer from equity791/2-€88k
Transfer to equity691/2€10k€273▼
To other reserves6921€10k€273▼
Profit to be distributed694/7€15k€100k▲
Return on contributions (dividend)694€15k€100k▲
The notes to these accounts (8 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €57k ▲1825%
Operating result €73k, net result €57k, both a record.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €3k ▼57.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 6.14
Current ratio from 2.78 to 6.14; short-term debt falls from €31k to €12k.
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 2019
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.
Boekstraat 383500 HasseltGround area
199 m²
Building footprint
76 m²
Volume, LiDAR
418 m³
Parcel 71326F0182/00X015, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EXCELEVATE
since 20192.293.012.692
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0182/00X015 | Flanders | 199 m² | 1 · 76 m² | 8.8 m · 2 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
2024 · 1 entry · 456 EUR awarded · 456 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 456 EUR | 456 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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BE 0781.946.989
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Of 16,878 companies in sector 62100 we hold annual accounts for 8,776. 3,101 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2019
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.excelevate.be
E-mail:wout.keunen@excelevate.be