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Generated 15-07-2026
Active BE 0754.879.833Private limited company

EXCEL EQUITY

Ter Ham(HEU) 10 ·9070 Destelbergen, Belgium· 5 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of EXCEL EQUITY is 0.3% (very low). The 2025 annual accounts show equity of €1.43M and a net result of €298k. Equity is growing by ~43.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 489 sector peers (fiscal year 2025). 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 4 annual accounts.
Key figures
Equity €1.43M
Net result €298k
Better than sector 35%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health45Profitability100Solvency32Growth52Stability94
65 / 100

Strong profile, led by profitability.

Health 45
Profitability 100
Solvency 32
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: healthy 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
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.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
45 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 12-11-2025 with the NBB · fiscal year 2025 · verkort
€0€200k€400kOperating result 2022: €96k€96kNet result 2022: €321k€321kOperating result 2023: €62k€62kNet result 2023: €303k€303kOperating result 2024: €279k€279kNet result 2024: €494k€494kOperating result 2025: €54k€54kNet result 2025: €298k€298k2022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~43.2%/year over 4 fiscal years, indicative, assuming unchanged policy.
€0€1.00M€2.00M€3.00M2026: €1.83M (€1.71M - €1.94M)2027: €2.21M (€2.10M - €2.32M)2028: €2.59M (€2.44M - €2.74M)2022: €331k2023: €633k2024: €1.13M2025: €1.43M2022202320242025202620272028
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 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 28.1% 44.2%
better than 35% of 489 sector peers
Net result €298k €56k
better than 85% of 489 sector peers
Equity €1.43M €212k
better than 85% of 489 sector peers
Gross operating margin €55k €99k
better than 33% of 489 sector peers
Employees (FTE) 0.0 0.0
better than 30% of 162 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€62k
-36.2% far above sector median
Net profit
€298k
-39.6% far above sector median
Cash flow
€303k
-5.9% far above sector median
Total assets
€5.07M
-2.4% far above sector median
Equity
€1.43M
+26.5% far above sector median
Working capital
€-344k
-58.2% far below sector median
Employees (FTE)
0
- -100% vs sector
Income taxes
€30k
-47.7% far above sector median
Debt
€3.65M
-10.4% far above sector median
Debt ≤ 1y
€415k
+0.6% far above sector median
Debt > 1y
€3.20M
-9.9% 22-25
Current ratio
0.17
-63.9% -98% vs sector
Quick ratio
0.17
-63.9% -98% vs sector
Solvency
28.1%
+29.5% -69% vs sector
Debt / equity
2.56
-29.1% far above sector median
ROE
20.9%
-52.2% +265% vs sector
ROA
5.9%
-38.1% +13% vs sector
Interest coverage
0.48
-29.1% -100% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€298k
Cash flow-
Staff costs-
Income taxes€30k
Dividends-
Total assets€5.07M
Equity€1.43M
Debt€3.65M
of which ≤ 1y€415k
of which > 1y€3.20M
Working capital€-344k
Employees (FTE)0.0
Ratios (computed)
2025
Current ratio0.17
Quick ratio0.17
Working capital ratio-6.8%
Solvency28.1%
Debt / equity2.56
Long-term debt ratio2.25
Interest coverage-
Gross margin-
Net margin-
ROA5.9%
ROE20.9%
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€5.07M
Fixed assets 21/28€5.00M
Financial fixed assets 28€5.00M
Current assets 29/58€71k
Amounts receivable within one year 40/41€22k
Cash & bank 54/58€48k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€5.07M
Equity 10/15€1.43M
Contributions / capital 10/11€10k
Reserves 13€1.42M
Amounts payable 17/49€3.65M
Amounts payable after one year 17€3.20M
Amounts payable within one year 42/48€415k
Trade debts payable within one year 44€2k
Income statement
Gross operating margin 9900€55k
Operating result 9901€54k
Financial income 75€400k
Financial charges 65€126k
Result before taxes 9903€328k
Income taxes 67/77€30k
Net result for the period 9904€298k
Result to be appropriated 9905€298k
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Private limited company(610)
Incorporation25-09-2020
StatusActive
Postal code9070
Establishment units 1 location
Excel Equity
Ter Ham(HEU) 10, 9070 DestelbergenVervaardiging van metalen constructiewerken voor industriële uitrusting (bv voor hoogovens, hijs- en hefwerktuigen, enz)
since 20202.307.432.733
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 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44028D0545/00Z000 Flanders 3,953 m² 1 · 350 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 6 events

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

2026
05-01-2026
State Gazette act Statutes amendment
v3.2
2025
12-11-2025
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2024
16-12-2024
NBB filing Annual accounts filed
fiscal year 2024 · verkort
04-01-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
04-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2020
29-09-2020
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 6 months ago
2026
05-01-2026 Articles of association amended Statutes amendment
Summary: v3.2
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2025-12-24",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0754.879.833",
    "name_full": "EXCEL EQUITY",
    "legal_form": "BV"
  },
  "signature_regime": null,
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": []
  }
}
2020
29-09-2020 Incorporation of a new BV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "9070 Destelbergen, Ter Ham 10",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1991-09-27",
        "name": "LIAGRE, Olivier Thibault St\u00E9phane",
        "niss": null,
        "address": "9070 Destelbergen, Ter Ham 10"
      },
      "share_class": "Aandelen",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 5000,
      "holder_person_name": "LIAGRE, Olivier Thibault St\u00E9phane",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 5000,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1991-02-08",
        "name": "HESPEELS, Nathalie Georgette Dominique",
        "niss": null,
        "address": "9070 Destelbergen, Ter Ham 10"
      },
      "share_class": "Aandelen",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 5000,
      "holder_person_name": "HESPEELS, Nathalie Georgette Dominique",
      "is_subscriber_only": false,
      "n_shares_subscribed": 50,
      "amount_subscribed_eur": 5000,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 10000,
  "subject_company": {
    "kbo": "0754.879.833",
    "name_full": "EXCEL EQUITY",
    "legal_form": "BV"
  },
  "initial_directors": [],
  "incorporation_date": "2020-09-24",
  "post_incorporation_mandates": []
}
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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
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Holdings64200Activiteiten van holdings64210
Primary activity highlighted.
Names & trade names
Legal nameNL EXCEL EQUITY
Registered office
Ter Ham(HEU) 10
9070 Destelbergen, 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