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Generated 23-07-2026
Active BE 0841.978.707Private limited company (pre-2019)

Doc Excelsior

Floréallaan 156 ·1180 Ukkel, Belgium· 14 yrs active
Sector: Real estate rental (68203)
Conclusion Checked

The computed 12-month bankruptcy probability of Doc Excelsior is 1.1% (low). The 2024 annual accounts show negative equity (€-885k) and a net result of €-13k. Equity is shrinking by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 768 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €-885k
Net result €-13k
Better than sector 5%
Active 14 yrs
Snowflake analysis 5 axes · computed by Checked
Health46Profitability7Solvency49Growth58Stability100
52 / 100

Mixed profile: strong on stability, weaker on profitability.

Health 46
Profitability 7
Solvency 49
Growth 58
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
1.1% Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate region +Lower-failure-rate sector −Annual accounts: weaker financial profile +

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

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2011, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
46 / 100 Fair
050100

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

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 15-10-2025 with the NBB · fiscal year 2024 · volledig
€-400k€-300k€-200k€-100k€0Operating result 2020: €-208k€-208kNet result 2020: €-231k€-231kOperating result 2021: €-214k€-214kNet result 2021: €-304k€-304kOperating result 2022: €-198k€-198kNet result 2022: €-260k€-260kOperating result 2023: €-110k€-110kNet result 2023: €-97k€-97kOperating result 2024: €25k€25kNet result 2024: €-13k€-13k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~34.3%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-2.00M€-1.50M€-1.00M€-500k€02025: €-1.22M (€-1.37M - €-1.07M)2026: €-1.40M (€-1.64M - €-1.16M)2027: €-1.57M (€-1.90M - €-1.24M)2018: €7k2019: €-2k2020: €-211k2021: €-514k2022: €-774k2023: €-872k2024: €-885k2018201920202021202220232024202520262027
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).

Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -42.6% 16.3%
better than 5% of 768 sector peers
Net result €-13k €-2k
better than 39% of 766 sector peers
Equity €-885k €129k
better than 5% of 768 sector peers
Gross operating margin €168k €45k
better than 73% of 604 sector peers
Total assets €2.08M €1.71M
better than 54% of 768 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€111k
- +234% vs sector
Net profit
€-13k
+86.9% far below sector median
Cash flow
€74k
- +152% vs sector
Total assets
€2.08M
+5.2% +234% vs sector
Equity
€-885k
-1.5% far below sector median
Working capital
€36k
- -20% vs sector
Debt
€2.96M
+4.1% far above sector median
Debt ≤ 1y
€193k
+40.8% +59% vs sector
Debt > 1y
€2.59M
+0.9% far above sector median
Current ratio
1.19
+303.8% -86% vs sector
Quick ratio
1.19
+303.8% -86% vs sector
Solvency
-42.6%
+3.5% far below sector median
Debt / equity
-3.35
-2.6% far below sector median
ROE
1.4%
-87.1% far above sector median
ROA
-0.6%
+87.6% +24% vs sector
Interest coverage
2.97
+57.0% -64% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€111k
Net profit€-13k
Cash flow€74k
Staff costs-
Income taxes-
Dividends-
Total assets€2.08M
Equity€-885k
Debt€2.96M
of which ≤ 1y€193k
of which > 1y€2.59M
Working capital€36k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.19
Quick ratio1.19
Working capital ratio1.8%
Solvency-42.6%
Debt / equity-3.35
Long-term debt ratio-2.93
Interest coverage2.97
Gross margin-
Net margin-
ROA-0.6%
ROE1.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€2.08M
Fixed assets 21/28€1.85M
Tangible fixed assets 22/27€1.85M
Current assets 29/58€229k
Amounts receivable within one year 40/41€7k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.08M
Equity 10/15€-885k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€-905k
Amounts payable 17/49€2.96M
Amounts payable after one year 17€2.59M
Amounts payable within one year 42/48€193k
Trade debts payable within one year 44€62k
Income statement
Gross operating margin 9900€168k
Operating result 9901€25k
Financial charges 65€37k
Result before taxes 9903€-13k
Net result for the period 9904€-13k
Result to be appropriated 9905€-13k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate rental(68203)
Legal form Private limited company (pre-2019)(015)
Incorporation20-12-2011
StatusActive
Postal code1180
Establishment units 2 locations
CORUS Invest
Floréallaan 156, 1180 UkkelHoldings
since 20122.205.785.146
DOC EXCELSIOR
Excelsiorlaan 6/8, 1930 ZaventemHoldings
since 20192.298.844.174
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.
23094D0045/00T002 Flanders 6,707 m² 1 · 2,956 m² 11.3 m · 3 fl.
21016B0215/00Y002 Brussels 370 m² 1 · 252 m² 20.5 m · 6 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.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
15-10-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
21-10-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
05-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
21-03-2023
State Gazette act Director changes
2022
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
20-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
30-10-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
27-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
10-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
28-08-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
30-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 3 years ago
2023
21-03-2023 Change in the board of directors Director changes
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203
Primary activity highlighted.
Names & trade names
Legal nameFR Doc Excelsior
Registered office
Floréallaan 156
1180 Ukkel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative