Skip to content

EXCELSIOR IC

Active
Public limited company· 6 yrs active
Monnikenwerve 17-19 ·8000 Brugge, Belgium
KBO/BCE: BE 0746.723.816
Watch Print / PDF
Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

Process with priority Sign in free to move this company to the front.
Age6 yrs
Board3
Connections15
Real estate2 parcels · 6,419 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of EXCELSIOR IC is 2.0% (moderate). The 2025 annual accounts show equity of €327k and a net result of €-8k. Equity remains stable across the filed fiscal years (±2.2% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
2.0% Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Young company +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-05-2026, 78 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 14-05-2026 78 d early 2026-00119693
31-12-2024 31-07-2025 25-06-2025 36 d early 2025-00219983
31-12-2023 31-07-2024 28-06-2024 33 d early 2024-00197670
31-12-2022 31-07-2023 07-07-2023 24 d early 2023-00226694
31-12-2021 31-07-2022 14-07-2022 17 d early 2022-20200651
31-12-2020 31-07-2021 14-07-2021 17 d early 2021-36000370

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-8k
Working capital€502k-53.3%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 14-05-2026 with the NBB · fiscal year 2025 · verkort
€-50k€0€50k€100k€150kOperating result 2021: €-6k€-6kNet result 2021: €544€544Operating result 2022: €-6k€-6kNet result 2022: €-2k€-2kOperating result 2023: €-7k€-7kNet result 2023: €-4k€-4kOperating result 2024: €94k€94kNet result 2024: €47k€47kOperating result 2025: €151k€151kNet result 2025: €-8k€-8k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 6 fiscal years (±2.2%/year).
€275k€300k€325k€350k€375k2026: €331k (€305k - €357k)2027: €338k (€312k - €364k)2028: €345k (€316k - €375k)2020: €294k2021: €294k2022: €292k2023: €288k2024: €335k2025: €327k202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€156k
+65.5% 20-25
Net profit
€-8k
- 20-25
Cash flow
€-4k
- 20-25
Total assets
€6.67M
+50.2% 20-25
Equity
€327k
-2.5% 20-25
Working capital
€502k
-53.3% 20-25
Employees (FTE)
0
- 20-25
Income taxes
€0
-100.0% 20-25
Debt
€6.35M
+54.5% 20-25
Debt ≤ 1y
€200
-99.8% 20-25
Debt > 1y
€4.30M
+67.9% 20-25
Current ratio
2509.47
+21748.2% 20-25
Quick ratio
2509.47
+21748.2% 20-25
Solvency
4.9%
-35.1% 20-25
Debt / equity
19.41
+58.4% 20-25
ROE
-2.5%
- 20-25
ROA
-0.1%
- 20-25
Interest coverage
0.86
-63.9% 20-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€156k
Net profit€-8k
Cash flow€-4k
Staff costs-
Income taxes€0
Dividends-
Total assets€6.67M
Equity€327k
Debt€6.35M
of which ≤ 1y€200
of which > 1y€4.30M
Working capital€502k
Employees (FTE)-
Ratios (computed)
2025
Current ratio2509.47
Quick ratio2509.47
Working capital ratio7.5%
Solvency4.9%
Debt / equity19.41
Long-term debt ratio13.14
Interest coverage0.86
Gross margin-
Net margin-
ROA-0.1%
ROE-2.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€6.67M
Fixed assets 21/28€6.17M
Tangible fixed assets 22/27€751k
Financial fixed assets 28€5.42M
Current assets 29/58€503k
Amounts receivable within one year 40/41€502k
Cash & bank 54/58€225
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€6.67M
Equity 10/15€327k
Contributions / capital 10/11€300k
Reserves 13€2k
Accumulated profits (losses) 14€25k
Amounts payable 17/49€6.35M
Amounts payable after one year 17€4.30M
Amounts payable within one year 42/48€200
Trade debts payable within one year 44€200
Income statement
Gross operating margin 9900€157k
Operating result 9901€151k
Financial income 75€22k
Financial charges 65€181k
Result before taxes 9903€-8k
Income taxes 67/77€0
Net result for the period 9904€-8k
Result to be appropriated 9905€-8k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
32 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

4 directors
Current directors & mandates
  • COASTAL SALES COMPANYLegal entity
    Director· perm. rep.: Aline VERBEKE
    State Gazette act 26010964 (22-01-2026)
    Current
    22-01-2026 → present
  • NV "LAS BRISAS"Legal entity
    Managing director· perm. rep.: Joachim DEBUCQUOY
    State Gazette act 25161203 (22-12-2025)
    Current
    22-12-2025 → present
  • European Lease and Finance CompanyLegal entity
    Director· perm. rep.: Stijn Calle
    State Gazette act 22137197 (24-11-2022)
    Current
    01-07-2022 → present
    2 events
    • 01-07-2022 Resigned· Director
    • 01-07-2022 Appointed· Director
Former directors (1)
  • A+Legal entity
    Director· perm. rep.: Mathieu Vancanneyt
    State Gazette act 25161203 (22-12-2025)
    Former
    - → 22-10-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Statutory auditor

2 auditors
Statutory auditor IRE/IBR number Tenure
B.V. FINVISION BEDRIJFSREVISORENCurrent
Statutory auditor · represented by DE PAEPE Christophe
 - 01-10-2023 → present
BV Finvision Bedrijfsrevisoren
Statutory auditor · represented by Christophe De Paepe
succeeded by B.V. FINVISION BEDRIJFSREVISOREN in 2023
 - 15-10-2021 → 01-10-2023
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary -
Legal form Public limited company(014)
Incorporation06-05-2020
StatusActive
Postal code8000

Structure & network

Connections & network

15 connected companies
COASTAL SALES COMPANY, Parent company CSCOASTAL SALESCOMPANYEuropean Lease and Finance Company, Parent company ELEuropean Leaseand Fina…mpanyEXPLOITATIEMAATSCHAPPIJ HBAZ, Subsidiary EHEXPLOITA…APPIJHBAZEXPLOITATIEMAATSCHAPPIJ PBAZ, Subsidiary EPEXPLOITA…APPIJPBAZAlysee Projectontwikkeling, Shared corporate director APAlyseeProjecto…elingHOLIDAY SUITES INTERNATIONAL, Shared corporate director HSHOLIDAY SUITESINTERNATIONALSecured By Bricks, Shared corporate director SBSecured ByBricksBRUSSELS DEVELOPMENT COMPANY, Shared address BDBRUSSELSDEVELOPM…MPANYdormakaba Belgium, Shared address DBdormakabaBelgiumEXPLOITATIEMAATSCHAPPIJ IBA, Shared address EIEXPLOITA…APPIJIBAEXPLOITATIEMAATSCHAPPIJ IBB, Shared address EIEXPLOITA…APPIJIBBEXPLOITATIEMAATSCHAPPIJ ISZ, Shared address EIEXPLOITA…APPIJISZEXPLOITATIEMAATSCHAPPIJ MB, Shared address EMEXPLOITA…APPIJMBEXPLOITATIEMAATSCHAPPIJ MO, Shared address EMEXPLOITA…APPIJMOEXCELSIOR IC EXCELSIOR IC0746.723.816
Group structureShared directorsShared address / shareholder
Group structure
COASTAL SALES COMPANY
Parent · 3 subsidiaries · 1 location
Control→
European Lease and Finance Company
Parent · 2 subsidiaries · 1 location
Control→
EXPLOITATIEMAATSCHAPPIJ HBAZ
Subsidiary · 1 location
→
EXPLOITATIEMAATSCHAPPIJ PBAZ
Subsidiary · 1 location
→
Network connections
Alysee Projectontwikkeling
Shared corporate director
→
HOLIDAY SUITES INTERNATIONAL
Shared corporate director
→
Secured By Bricks
Shared corporate director
→
dormakaba Belgium
Shared address
→
→
→
→
→
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register

Establishment units

1 location
EXCELSIOR IC
Louizalaan 65, 1050 ElseneVerhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
since 20202.305.642.191
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area6,419 m²
Buildings2
Building footprint3,644 m²
Volume (LiDAR)72,308 m³
Tallest building35.6 m · ±9 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
31808K0324/00E002 Flanders 4,736 m² 1 · 1,212 m² 11.5 m · 3 fl.
21807G0007/00R000 Brussels 1,683 m² 1 · 2,433 m² 35.6 m · 9 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

7 acts
Address history · 1
07-06-2021
v3.2
All acts · 7 updated 6 months ago
2026
22-01-2026 Aline VERBEKE reappointed as director Director changes
  • Aline VERBEKE, Bestuurder
Summary: v3.2
2025
22-12-2025 1 director appointed, 1 resigning Director changes
  • Joachim DEBUCQUOY, Gedelegeerd bestuurder
  • Mathieu Vancanneyt, Bestuurder
Summary: v3.2
2023
27-10-2023 DE PAEPE Christophe reappointed as statutory auditor Director changes
  • DE PAEPE Christophe, Commissaris
Summary: v3.2
2022
24-11-2022 1 director appointed, 1 resigning Director changes
  • Thomas Persyn, Bestuurder
  • Stijn Calle, Bestuurder
Summary: v3.2
2021
15-10-2021 Christophe De Paepe appointed as statutory auditor Director changes
  • Christophe De Paepe, Commissaris
Summary: v3.2
07-06-2021 Registered office moved from Elsene to Brugge Registered-office change
  • Louizalaan 65, 1050 Elsene → Monnikenwerve 17-19, 8000 Brugge
Summary: v3.2
2020
08-05-2020 Incorporation of a new NV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health32Profitability0Solvency37Growth52Stability100
44 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 32
Profitability 0
Solvency 37
Growth 52
Stability 100

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL EXCELSIOR IC
Registered office
Monnikenwerve 17-19
8000 Brugge, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.