EXCALIBUR
ActiveSummary
EXCALIBUR has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,126 and a net result of €37,735. Equity has been shrinking by about 12% per year since 2018. Its solvency ranks better than 40% of 18,735 sector peers (NACE 56, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-10-1998 Normal situation
- Activity
- Cafés and bars NACE 56301and 1 other
- Establishment unit
- 2.089.561.132 7000 Mons, since 11-12-1998
- Financial year end
- 31 December
- Peppol
- Reachable since 09-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.2%
- Gross margin
- €69,183
- ▲ 29.2%
- Turnover
- ≈ €250,000
- estimated
- Profit
- €37,735
- ▲ 9.6%
- Equity
- €22,126
- ▼ 64.6%
- Total assets
- €124,838
- ▲ 70.5%
- Staff
- ≈ 0.3 FTE
- estimated
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 08-07-2025)Sector: Food and beverage service activities (NACE 56)lowers riskLiquidity: current ratio 1.22, cash €118,088Founded in 1998Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 40% of them on solvency, 58% on liquidity, 93% on profitability and 12% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 9 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 3 November 2026.
Annual accounts 2024 filed on 04-07-2025 PDF all 26 filings
Every figure per financial year
The operating result for 2024 is 54% higher than in 2023 and the highest since 2020. It is the fourth rise in a row.
The turnover shown is an estimate from the gross margin.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €10,849 | €21,583 | €5,173 | €6,607 | ▲ 27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,348 | €5,248 | €7,427 | €6,781 | €6,085 | €6,335 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,765 | €3,508 | €4,439 | €4,607 | ▲ 3.8% |
| Gross operating margin9900 | €12,753 | €9,654 | -€539 | €15,838 | €28,725 | €53,532 | €69,183 | ▲ 29.2% |
| Operating profit (loss)9901 | €1,231 | €1,332 | -€9,078 | -€3,557 | -€2,452 | €37,586 | €57,969 | ▲ 54.2% |
| Financial income75/76B | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €1,056 | €1,530 | €2,075 | €2,398 | ▲ 15.6% |
| Recurring financial charges65 | €728 | €998 | €875 | €1,056 | €1,530 | €2,075 | €2,398 | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €502 | €334 | -€9,953 | -€4,612 | -€3,982 | €35,511 | €55,571 | ▲ 56.5% |
| Income taxes67/77 | €1,083 | - | - | - | - | €1,069 | €17,836 | ▲ 17× |
| Profit (loss) for the period9904 | -€581 | €334 | -€9,953 | -€4,612 | -€3,982 | €34,442 | €37,735 | ▲ 9.6% |
| Profit (loss) for the period to be appropriated9905 | -€581 | €334 | -€9,953 | -€4,612 | -€3,982 | €34,442 | €37,735 | ▲ 9.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €47,966 | €63,380 | €44,659 | €38,547 | €48,397 | €73,216 | €124,838 | ▲ 70.5% |
| Fixed assets21/28 | €14,206 | €9,133 | €19,170 | €12,389 | €6,304 | €25 | €25 | = |
| Tangible fixed assets22/27 | €14,181 | €9,108 | €19,145 | €12,364 | €6,279 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | - | - | €722 | €457 | €0 | €0 | - |
| Furniture and vehicles24 | - | - | - | €11,643 | €5,822 | - | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €33,760 | €54,247 | €25,489 | €26,158 | €42,093 | €73,191 | €124,813 | ▲ 70.5% |
| Stocks and contracts in progress3 | €1,600 | €1,150 | €1,000 | €2,200 | €1,350 | €2,600 | €3,706 | ▲ 42.5% |
| Stocks30/36 | - | - | - | €2,200 | €1,350 | €2,600 | €3,706 | ▲ 42.5% |
| Amounts receivable within one year40/41 | €5,728 | €11,290 | €1,733 | €924 | €432 | €413 | €1,183 | ▲ 187% |
| Trade receivables40 | - | - | - | €529 | €0 | - | €770 | - |
| Other amounts receivable41 | - | - | - | €394 | €432 | €413 | €413 | = |
| Cash at bank and in hand54/58 | €25,464 | €41,808 | €21,179 | €21,947 | €37,920 | €67,717 | €118,088 | ▲ 74.4% |
| Deferred charges and accrued income490/1 | - | - | - | €1,087 | €2,391 | €2,461 | €1,836 | ▼ 25.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €47,966 | €63,380 | €44,659 | €38,547 | €48,397 | €73,216 | €124,838 | ▲ 70.5% |
| Equity10/15 | €46,244 | €46,578 | €36,625 | €32,012 | €28,030 | €62,472 | €22,126 | ▼ 64.6% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €3,534 | €3,534 | €3,534 | €3,534 | €3,534 | €3,534 | €3,534 | = |
| Non-distributable reserves130/1 | - | - | - | €3,534 | €3,534 | €3,534 | €1,859 | ▼ 47.4% |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Other1319 | - | - | - | €1,675 | €1,675 | €1,675 | - | - |
| Tax-exempt reserves132 | - | - | - | - | - | - | €1,675 | - |
| Profit (loss) carried forward14 | €24,118 | €24,452 | €14,498 | €9,886 | €5,904 | €40,346 | €0 | ▼ 100% |
| Amounts payable17/49 | €1,722 | €16,802 | €8,035 | €6,535 | €20,366 | €10,743 | €102,712 | ▲ 856% |
| Amounts payable within one year42/48 | €1,722 | €16,802 | €8,035 | €6,535 | €20,366 | €10,743 | €102,712 | ▲ 856% |
| Trade debts44 | €863 | €3,773 | €896 | €1,957 | €12,851 | €3,901 | €3,976 | ▲ 1.9% |
| Suppliers440/4 | - | - | - | €1,957 | €12,851 | €3,901 | €3,976 | ▲ 1.9% |
| Taxes, remuneration and social security45 | - | - | - | €543 | €3,425 | €3,155 | €40,712 | ▲ 13× |
| Taxes450/3 | - | - | - | - | €2,582 | €1,614 | €40,712 | ▲ 25× |
| Remuneration and social security454/9 | - | - | - | €543 | €843 | €1,541 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €4,034 | €4,090 | €3,687 | €58,024 | ▲ 16× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€581 | €334 | -€9,953 | -€4,612 | -€3,982 | €34,442 | €37,735 | ▲ 9.6% |
| + Depreciation and write-downs630 | €6,348 | €5,248 | €7,427 | €6,781 | €6,085 | €6,335 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €5,767 | €5,582 | -€2,527 | €2,168 | €2,104 | €40,776 | €37,735 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€175 | -€17,464 | €0 | €0 | -€56 | €0 | - |
| Change in cash | - | €16,344 | -€20,629 | €768 | €15,973 | €29,797 | €50,372 | ▲ 69.0% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,818 companies had the same profile as EXCALIBUR has now. Two years later, 95.1% were still going and 1.0% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EXCALIBUR itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for EXCALIBUR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 04-07-2025 | 2025-00246392 | |
| 31-12-2023 | full format | 25-06-2024 | 2024-00165541 | |
| 31-12-2022 | micro format | 06-10-2023 | 2023-00481241 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20257828 | |
| 31-12-2020 | full format | 10-08-2021 | 2021-47400266 | |
| 31-12-2019 | full format | 09-09-2020 | 2020-52200060 | |
| 31-12-2018 | full format | 11-06-2019 | 2019-17100528 | |
| 31-12-2017 | full format | 19-07-2018 | 2018-35300349 | |
| 31-12-2016 | full format | 06-06-2017 | 2017-14800303 | |
| 31-12-2015 | full format | 25-07-2016 | 2016-34800097 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 03-07-2024 Converted to unavailable equity · €20,451.21
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Luca Impagliatelli |
|
| Pasquale Mangiacotti |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Dissolution pour quelque cause et à quelque moment, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments”
Articles of association, deed of 03-07-2024 (in French)
Network & group
EXCALIBUR shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of EXCALIBUR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
20-01
Gazette deed
Appointment: Luca Impagliatelli (director)Resignation: Pasquale Mangiacotti (director) · Director discharge4 points ▸
- General meeting, 03-01-2026
- Director appointment, Luca Impagliatelli (director)
- Director resignation, Pasquale Mangiacotti (director)
- Director discharge, Pasquale Mangiacotti (director)
03-07
Gazette deed
Reappointment: MANGIACOTTI Pasquale (director)Registered office clause · Legal-form conversion · Capital conversion10 points ▸
- Director reappointment, MANGIACOTTI Pasquale (director (not named in the articles))
- Registered office clause, “7000 Mons,Place Léopold,numéro 5” (deed in French)
- Other provision, “site internet et adresse e-mail, toute communication vers cette adresse par actionnaires,titulaires titres émis,titulaires certificats émis avec collaboration r…” (deed in French)
- Other provision, “unanimité des voix, toutes décisions prises à l'unanimité” (deed in French)
- General meeting, 18-06-2024
- Legal-form conversion, “société à responsabilité limitée en abrégé SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités modification des statuts, suppression compte capitaux propres statutairement indisponible” (deed in French)
- Amendment of the articles
- Capital
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
2 activities
- De faire toutes opérations généralement quelconques,commerciales,financières,mobilières et immobilières se rapportant directement ou indirectement à l'exploitation,la gestion,la mise en valeur,la location l'achat,la vente y compris la cession de fonds de commerce,de tous débits de boissons,de restaurants,de snack-bars,d'hôtels,d'auberges,de tavernes,de services traiteur et en générale,de tout établissement ayant un rapport avec la restauration et le débit de boissons
- De même,elle pourra faire toutes activités similaires en matière de biens de consommation,tels que : alimentation,prêt à porter,ameublement,sanitaire,électricité,menuiserie,immeubles et cætera
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53403E0740/00M007 | Wallonia | 221 m² | 1 · 112 m² | 18.7 m · 6 |