EXCELLIS
ActiveSummary
EXCELLIS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-532k) and a net result of €8k. Equity is shrinking by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 681 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+73
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 0.13 in 2024; short-term debt: 295% and cash: 1.5% of total assets), and equity is negative.
Credit check 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 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-195.3%
Return on assets
3.1%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 681 sector peers (2025).
NBB · sector comparisonPosition among 681 sector peers
Solvency
better than 9%
← 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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
20 d early
2023
14 d early
2022
4 d late
2021
5 d early
2020
on the day
2019
15 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-532k▲ 1.6%
2024 · €-540k
2018: €-151khighest in 8 years
2019: €-304k▼ -101% vs 2018
2020: €-466k▼ -53.0% vs 2019
2021: €-427k▲ +8.3% vs 2020
2022: €-523k▼ -22.4% vs 2021
2023: €-496k▲ +5.0% vs 2022
2024: €-540k▼ -8.9% vs 2023lowest in 8 years
2025: €-532k▲ +1.6% vs 2024
2018 → 2025
Total assets
€272k▲ 114%
2024 · €127k
2018: €518k
2019: €542k▲ +4.7% vs 2018highest in 8 years
2020: €433k▼ -20.2% vs 2019
2021: €389k▼ -10.2% vs 2020
2022: €325k▼ -16.4% vs 2021
2023: €168k▼ -48.2% vs 2022
2024: €127k▼ -24.3% vs 2023lowest in 8 years
2025: €272k▲ +114% vs 2024
2018 → 2025
Net result
€8k
2024 · €-44k
2018: €-161k
2019: €-153k▲ +5.0% vs 2018
2020: €-161k▼ -5.4% vs 2019lowest in 8 years
2021: €39k▲ +124% vs 2020highest in 8 years
2022: €-96k▼ -348% vs 2021
2023: €26k▲ +128% vs 2022
2024: €-44k▼ -268% vs 2023
2025: €8k▲ +119% vs 2024
2018 → 2025
Working capital
€-583k▼ 0.9%
2024 · €-578k
2018: €-396khighest in 8 years
2019: €-570k▼ -43.9% vs 2018
2020: €-729k▼ -27.8% vs 2019lowest in 8 years
2021: €-612k▲ +16.0% vs 2020
2022: €-634k▼ -3.5% vs 2021
2023: €-558k▲ +12.0% vs 2022
2024: €-578k▼ -3.6% vs 2023
2025: €-583k▼ -0.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-427k-€-523k▼ 22.4%€-496k▲ 5.0%€-540k▼ 8.9%€-532k▲ 1.6%
2021: €-427khighest in 5 years
2022: €-523k▼ -22.4% vs 2021
2023: €-496k▲ +5.0% vs 2022
2024: €-540k▼ -8.9% vs 2023lowest in 5 years
2025: €-532k▲ +1.6% vs 2024
Operating result€17k-€-95k€23k€-50k€-2k▲ 95.9%
2021: €17k
2022: €-95k▼ -652% vs 2021lowest in 5 years
2023: €23k▲ +124% vs 2022highest in 5 years
2024: €-50k▼ -317% vs 2023
2025: €-2k▲ +95.9% vs 2024
Net result€39k-€-96k€26k€-44k€8k
2021: €39khighest in 5 years
2022: €-96k▼ -348% vs 2021lowest in 5 years
2023: €26k▲ +128% vs 2022
2024: €-44k▼ -268% vs 2023
2025: €8k▲ +119% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €50k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €235k
Fixed assets
€15k ▼ 59.9%
Current assets
€220k ▲ 146%
Key figures and ratios
EBITDA
€20k▲
2024 · €-19k
Cash flow
€30k▲
2024 · €-13k
Solvency
-195.3%▲
2024 · -424.2%
Current ratio
0.27▲
2024 · 0.13
Debt to equity
-1.51▼
2024 · -1.24
ROA
3.1%▲
2024 · -34.7%
Interest coverage
64.11▲
2024 · -390.89
Debt
€804k▲
2024 · €668k
Debt ≤ 1 year
€803k▲
2024 · €667k
Staff costs
€196k▲
2024 · €140k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€127k€272k▲
Formation expenses20-€37k
Fixed assets21/28€38k€15k▼
Intangible fixed assets21€30k€15k▼
Tangible fixed assets22/27€8k€0▼
Plant, machinery and equipment23€8k€0▼
Furniture and vehicles24€0€0=
Current assets29/58€89k€220k▲
Amounts receivable within one year40/41€88k€216k▲
Trade receivables40€88k€211k▲
Other amounts receivable41-€5k
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1-€391
Equity and liabilities
Total equity and liabilities10/49€127k€272k▲
Equity10/15€-540k€-532k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-559k€-551k▲
Amounts payable17/49€668k€804k▲
Amounts payable within one year42/48€667k€803k▲
Trade debts44€85k€176k▲
Suppliers440/4€85k€176k▲
Taxes, remuneration and social security45€27k€18k▼
Taxes450/3€7k€966▼
Remuneration and social security454/9€21k€17k▼
Other amounts payable47/48€555k€609k▲
Accrued charges and deferred income492/3€500€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€140k€196k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€22k▼
Other operating charges640/8€635€863▲
Operating charges capitalised as restructuring costs649-€-41k
Gross operating margin9900€122k€175k▲
Operating profit (loss)9901€-50k€-2k▲
Financial income75/76B€6k€11k▲
Recurring financial income75€2k€1k▼
Non-recurring financial income76B€5k€10k▲
Financial charges65/66B€48€310▲
Recurring financial charges65€48€310▲
Profit (loss) for the period before taxes9903€-44k€8k▲
Profit (loss) for the period9904€-44k€8k▲
Profit (loss) for the period to be appropriated9905€-44k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-559k€-551k▲
Profit (loss) brought forward from the previous period14P€-515k€-559k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €66k | €137k | €82k | €140k | €196k | ▲ 39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78k | €77k | €48k | €32k | €22k | ▼ 30.4% |
| Other operating charges640/8 | €348 | €818 | €519 | €635 | €863 | ▲ 35.9% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | €-41k | - |
| Gross operating margin9900 | €162k | €119k | €154k | €122k | €175k | ▲ 43.5% |
| Operating profit (loss)9901 | €17k | €-95k | €23k | €-50k | €-2k | ▲ 95.9% |
| Financial income75/76B | €25k | €0 | €3k | €6k | €11k | ▲ 73.7% |
| Recurring financial income75 | €24k | €0 | €2k | €2k | €1k | ▼ 13.1% |
| Non-recurring financial income76B | €1k | - | €2k | €5k | €10k | ▲ 101% |
| Financial charges65/66B | €3k | €8 | €2 | €48 | €310 | ▲ 540% |
| Recurring financial charges65 | €3k | €8 | €2 | €48 | €310 | ▲ 540% |
| Profit (loss) for the period before taxes9903 | €39k | €-96k | €26k | €-44k | €8k | ▲ 119% |
| Income taxes67/77 | €218 | €148 | €88 | - | - | - |
| Profit (loss) for the period9904 | €39k | €-96k | €26k | €-44k | €8k | ▲ 119% |
| Profit (loss) for the period to be appropriated9905 | €39k | €-96k | €26k | €-44k | €8k | ▲ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €389k | €325k | €168k | €127k | €272k | ▲ 114% |
| Formation expenses20 | - | - | - | - | €37k | - |
| Fixed assets21/28 | €185k | €111k | €63k | €38k | €15k | ▼ 59.9% |
| Intangible fixed assets21 | €77k | €61k | €46k | €30k | €15k | ▼ 50.0% |
| Tangible fixed assets22/27 | €108k | €50k | €18k | €8k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €101k | €50k | €18k | €8k | €0 | ▼ 100% |
| Furniture and vehicles24 | €7k | €573 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €191 | - | - | - | - | - |
| Current assets29/58 | €204k | €214k | €105k | €89k | €220k | ▲ 146% |
| Amounts receivable within one year40/41 | €203k | €205k | €100k | €88k | €216k | ▲ 146% |
| Trade receivables40 | €203k | €205k | €100k | €88k | €211k | ▲ 141% |
| Other amounts receivable41 | €190 | - | €11 | - | €5k | - |
| Cash at bank and in hand54/58 | €456 | €9k | €5k | €2k | €4k | ▲ 113% |
| Deferred charges and accrued income490/1 | - | - | - | - | €391 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €389k | €325k | €168k | €127k | €272k | ▲ 114% |
| Equity10/15 | €-427k | €-523k | €-496k | €-540k | €-532k | ▲ 1.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-445k | €-541k | €-515k | €-559k | €-551k | ▲ 1.5% |
| Amounts payable17/49 | €816k | €848k | €665k | €668k | €804k | ▲ 20.4% |
| Amounts payable within one year42/48 | €816k | €848k | €663k | €667k | €803k | ▲ 20.4% |
| Trade debts44 | €194k | €160k | €73k | €85k | €176k | ▲ 108% |
| Suppliers440/4 | €194k | €160k | €73k | €85k | €176k | ▲ 108% |
| Taxes, remuneration and social security45 | €11k | €31k | €28k | €27k | €18k | ▼ 32.6% |
| Taxes450/3 | €686 | €15k | €13k | €7k | €966 | ▼ 85.7% |
| Remuneration and social security454/9 | €11k | €17k | €15k | €21k | €17k | ▼ 15.3% |
| Other amounts payable47/48 | €610k | €657k | €562k | €555k | €609k | ▲ 9.7% |
| Accrued charges and deferred income492/3 | - | - | €2k | €500 | €1k | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €-96k | €26k | €-44k | €8k | ▲ 119% |
| + Depreciation and write-downs630 | €78k | €77k | €48k | €32k | €22k | ▼ 30.4% |
| Operating cash flow (approximation) | €117k | €-19k | €74k | €-13k | €30k | ▲ 338% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €-6k | €791 | ▲ 113% |
| Change in cash | - | €9k | €-4k | €-3k | €2k | ▲ 177% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-161k
Net result drops to €-161k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Evere · 2 establishment units since 2012
Ground area
2,363 m²
Building footprint
1,109 m²
Volume, LiDAR
15,590 m³
2 parcels, Brussels · tallest building 24.3 m, ±6 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
2 establishment units
Paleizenstraat 30, 1030 Schaarbeek
since 20122.210.623.466
FOODLAB
since 20172.270.159.888
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0132/00W000 | Brussels | 2,237 m² | 1 · 1,024 m² | 24.3 m · 6 fl. |
| 21908E0254/00V000 | Brussels | 127 m² | 1 · 85 m² | 19.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 500 companies in sector 58130 we hold annual accounts for 248. 106 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
58130Publishing activities
63920Other information service activities
70200Business and other management consultancy
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.