EXCELLENCE VEHICULES
ActiveThe computed 12-month bankruptcy probability of EXCELLENCE VEHICULES is 7.8% (elevated). The 2024 annual accounts show equity of €130k and a net result of €-34k. Equity is growing by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 18940 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▼-43
Solvency55▼-11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
7.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.47 against 0.12 in 2023; short-term debt: 70.2% and cash: 1.8% of total assets), and 70.2% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
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
29.8%
Return on assets
-7.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
85 d late
2022
109 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€130k▼ 20.8%
2023 · €164k
2021: €2k
2022: €58k
2023: €164k
2021 → 2024
Total assets
€436k▲ 8.2%
2023 · €402k
2021: €3k
2022: €292k
2023: €402k
2021 → 2024
Net result
€-34k
2023 · €106k
2021: €-921
2022: €46k
2023: €106k
2021 → 2024
Working capital
€-161k▲ 23.3%
2023 · €-210k
2021: €2k
2022: €-70k
2023: €-210k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€2k-€58k▲ 3,028%€164k▲ 183%€130k▼ 20.8%
Operating result€-754-€62k€149k▲ 143%€-22k
Net result€-921-€46k€106k▲ 130%€-34k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €22k after €149k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €436k
Fixed assets
€291k▼ 22.3%
Current assets
€145k▲ 419%
Equity and liabilities €436k
Equity
€130k▼ 20.8%
Debt
€306k▲ 28.1%
The debt ratio rises from 59.3% to 70.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€87k▼
2023 · €235k
Cash flow
€75k▼
2023 · €191k
Solvency
29.8%▼
2023 · 40.7%
Current ratio
0.47▲
2023 · 0.12
Quick ratio
0.38▲
2023 · 0.05
Debt / equity
2.36▲
2023 · 1.46
ROE
-26.2%▼
2023 · 64.6%
ROA
-7.8%▼
2023 · 26.3%
Interest coverage
5.73▼
2023 · 26.93
Debt
€306k▲
2023 · €239k
Debt ≤ 1 year
€306k▲
2023 · €238k
Income taxes
€-3k▼
2023 · €35k
Staff costs
€201k▲
2023 · €84k
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€402k€436k▲
Fixed assets21/28€375k€291k▼
Tangible fixed assets22/27€374k€291k▼
Plant, machinery and equipment23€75k€51k▼
Furniture and vehicles24€63k€59k▼
Leasing and similar rights25€237k€180k▼
Financial fixed assets28€120€120=
Current assets29/58€28k€145k▲
Stocks and contracts in progress3€17k€29k▲
Stocks30/36€17k€29k▲
Amounts receivable within one year40/41-€108k
Other amounts receivable41-€108k
Cash at bank and in hand54/58€11k€8k▼
Equity and liabilities
Total equity and liabilities10/49€402k€436k▲
Equity10/15€164k€130k▼
Contributions10/11€10k€10k=
Outside capital11€10k-
Other1109/19€10k-
Profit (loss) carried forward14€154k€120k▼
Amounts payable17/49€239k€306k▲
Amounts payable within one year42/48€238k€306k▲
Financial debts43€1-
Credit institutions430/8€1-
Trade debts44€28k€216k▲
Suppliers440/4€28k€216k▲
Taxes, remuneration and social security45€120k€90k▼
Taxes450/3€103k€89k▼
Remuneration and social security454/9€17k€931▼
Other amounts payable47/48€90k-
Accrued charges and deferred income492/3€750-
Income statement
Code20232024
Remuneration, social security and pensions62€84k€201k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€109k▲
Other operating charges640/8€684€290▼
Non-recurring operating charges66A€16k€36k▲
Gross operating margin9900€336k€324k▼
Operating profit (loss)9901€149k€-22k▼
Financial income75/76B-€8
Recurring financial income75-€8
Financial charges65/66B€9k€15k▲
Recurring financial charges65€9k€15k▲
Profit (loss) for the period before taxes9903€141k€-37k▼
Income taxes67/77€35k€-3k▼
Profit (loss) for the period9904€106k€-34k▼
Profit (loss) for the period to be appropriated9905€106k€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€154k€120k▼
Profit (loss) brought forward from the previous period14P€48k€154k▲
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
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Weakest financial yearnet €-34k ▼132%
Net result drops to €-34k, the lowest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Highest result since 2021net €106k ▲130%
Operating result €149k, net result €106k, both a record.
31-12
Financial
Equity above €150kEq €164k ▲183%
2 profitable years in a row build equity to €164k.
17-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 109 days late
2022
31-12
Financial
Back to profitnet €46k
Net result €46k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2021
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.
Vootstraat 401200 Sint-Lambrechts-WoluweGround area
193 m²
Building footprint
188 m²
Volume, LiDAR
2,190 m³
Parcel 21674C0179/00X000, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ELA
since 20212.326.083.556
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21674C0179/00X000 | Brussels | 193 m² | 1 · 188 m² | 15.3 m · 4 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
Food safety, FASFC
1 siteSint-Lambrechts-Woluwe2.326.083.556
Similar companies · same sector, comparable size
MATISSE
BE 0461.053.866
Kuurne · Eq €130k
Tekof
BE 0466.324.035
Gent · Eq €130k
POEKIE
BE 0771.345.087
Wingene · Eq €130k
YVOMAR
BE 0459.190.674
Oud-Turnhout · Eq €130k
DICHHA
BE 0540.749.957
Antwerpen · Eq €130k
Of 21,908 companies in sector 56112 we hold annual accounts for 9,783. 7,476 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-10-2019
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.