EXCEL INTERIM (0474.499.452), Bankruptcy: annual accounts and directors

EXCEL INTERIM

Saint-Josse-ten-Noode ·KBO/BCE: BE 0474.499.452

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
Total assets`20/58`	1.4m	1.4m	1.7m	1.4m	1.3m	1.3m	1.3m	1.2m	1.1m	1.1m	867,305	1.2m	892,821	1.2m	1.1m	1.0m	732,391
Fixed assets`21/28`	78,102	102	102	102	102	1,008	1,008	1,008	3,512	7,087	-	-	-	-	-	-	-
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	-	2,504	6,079	11,046	15,133	7,661	10,203	11,777	6,844	10,915
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	2,504	6,079	9,806	12,654	3,942	5,245	5,579	6,844	10,915
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	1,240	2,479	3,719	4,958	6,198	-	-
Financial fixed assets`28`	78,102	102	102	102	102	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,119	112	112
Other financial fixed assets`284/8`	-	102	102	102	102	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,119	112	112
Amounts receivable and cash guarantees`285/8`	-	102	102	102	102	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,008	1,119	112	112
Current assets`29/58`	1.3m	1.4m	1.7m	1.4m	1.3m	1.3m	1.3m	1.2m	1.1m	1.1m	855,251	1.2m	884,152	1.2m	1.1m	1.0m	721,364
Amounts receivable within one year`40/41`	773,890	802,540	880,722	862,560	921,606	909,814	916,054	959,478	801,451	863,861	643,932	986,556	699,281	1.0m	864,262	815,176	508,457
Trade receivables`40`	157,846	105,995	182,013	148,181	69,670	172,350	215,287	306,345	312,819	274,561	216,132	292,256	198,803	258,299	259,541	274,332	141,228
Other amounts receivable`41`	616,044	696,544	698,710	714,379	851,936	737,464	700,767	653,133	488,632	589,300	427,800	694,300	500,478	780,393	604,721	540,844	367,229
Cash at bank and in hand`54/58`	45,641	163,792	424,219	125,532	33,569	89,476	96,984	23,217	93,351	64,959	55,266	43,827	55,332	24,338	124,233	110,183	151,543
Deferred charges and accrued income`490/1`	488,529	430,454	398,003	363,224	332,409	296,693	258,867	229,707	191,937	183,117	156,053	171,916	129,539	107,573	95,290	86,480	61,364
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.4m	1.4m	1.7m	1.4m	1.3m	1.3m	1.3m	1.2m	1.1m	1.1m	867,305	1.2m	892,821	1.2m	1.1m	1.0m	732,391
Equity`10/15`	-117,522	-346,768	-276,885	-154,774	103,837	185,066	279,879	384,051	500,897	532,583	564,605	629,195	615,254	612,033	597,107	536,014	485,442
Contributions`10/11`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	-	-
Capital`10`	62,000	62,000	62,000	62,000	62,000	-	-	-	-	-	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Issued capital`100`	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
Reserves`13`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Non-distributable reserves`130/1`	6,200	6,200	6,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Profit (loss) carried forward`14`	-185,722	-414,968	-345,085	-222,974	35,637	116,866	211,679	315,851	432,697	464,383	496,405	560,995	547,054	543,833	528,907	467,814	417,242
Provisions and deferred taxes`16`	-	-	-	48,206	-	-	-	-	-	-	27,852	15,700	-	27,730	27,730	27,730	-
Provisions for liabilities and charges`160/5`	-	-	-	48,206	-	-	-	-	-	-	27,852	15,700	-	27,730	27,730	27,730	-
Other liabilities and charges`164/5`	-	-	-	48,206	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	1.5m	1.7m	2.0m	1.5m	1.2m	1.1m	993,034	829,359	589,354	586,441	274,848	573,545	277,567	542,051	471,844	455,051	246,949
Amounts payable within one year`42/48`	1.5m	1.7m	1.9m	1.5m	1.1m	1.1m	985,044	822,298	582,972	586,441	274,848	573,545	277,279	542,051	471,844	455,051	246,949
Financial debts`43`	-	4,663	1,318	-	-	-	2,306	-	-	-	-	-	-	-	-	-	-
Credit institutions`430/8`	-	4,663	1,318	-	-	-	2,306	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	223,393	478,582	449,312	287,120	233,306	367,105	355,441	501,306	423,440	464,693	218,436	429,973	189,417	457,844	354,974	241,860	102,899
Suppliers`440/4`	223,393	478,582	449,312	287,120	233,306	367,105	355,441	501,306	423,440	464,693	218,436	429,973	189,417	457,844	354,974	241,860	102,899
Taxes, remuneration and social security`45`	458,692	401,397	497,513	396,591	92,329	33,857	44,694	55,020	63,916	121,748	56,412	143,572	87,862	84,207	116,870	213,191	144,050
Taxes`450/3`	226,807	352,862	345,876	296,130	26,980	16,068	14,815	29,988	30,072	32,573	25,502	50,557	22,988	26,998	44,006	84,086	29,914
Remuneration and social security`454/9`	231,885	48,535	151,637	100,460	65,349	17,789	29,879	25,032	33,844	89,175	30,910	93,015	64,874	57,209	72,864	129,105	114,136
Other amounts payable`47/48`	821,600	856,258	988,690	769,682	815,613	668,659	582,603	265,972	95,616	-	-	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	-	2,756	43,098	4,592	42,601	42,304	7,990	7,061	6,382	-	-	-	288	-	-	-	-
Income statement
Operating income`70/76A`	-	916,907	1.4m	1.1m	425,358	722,035	1.1m	1.7m	1.7m	1.6m	-	-	-	-	-	-	-
Turnover`70`	-	916,907	1.4m	1.1m	420,048	707,761	1.1m	1.7m	1.7m	1.6m	1.5m	2.0m	1.7m	1.7m	2.0m	2.0m	2.0m
Other operating income`74`	-	0	7,298	11,439	5,011	-	-	-	-	-	2,580	4,394	6,277	4,932	7,206	52,106	26,350
Non-recurring operating income`76A`	-	-	-	-	299	-	-	-	-	28,588	-	-	-	-	-	-	-
Gross operating margin`9900`	703,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating charges`60/66A`	-	1.0m	1.6m	1.2m	537,493	848,785	1.2m	1.8m	1.8m	1.7m	-	-	-	-	-	-	-
Services and other goods`61`	-	154,543	407,714	266,825	184,209	271,836	328,217	450,413	447,655	332,690	290,386	299,721	317,231	308,549	307,145	298,461	250,657
Remuneration, social security and pensions`62`	739,102	856,866	1.1m	886,952	356,493	576,554	860,183	1.4m	1.3m	1.4m	1.3m	1.6m	1.4m	1.4m	1.6m	1.6m	1.7m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	2,504	2,504	4,966	4,983	5,047	2,542	2,519	1,851	4,071	5,959
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-14,232	-	14,904	-	-	3,190	-	-	-2,413	7,615	-3,752	5,649	-25,951
Other operating charges`640/8`	7,602	898	6,603	8,695	11,023	395	7,071	6,661	2,981	-	178	-	89	89	1,184	474	833
Non-recurring operating charges`66A`	-	-	12,517	48,206	-	-	-	-	1,266	3,421	-	-	-	-	-	-	-
Operating profit (loss)`9901`	-43,369	-95,400	-134,685	-69,852	-112,135	-126,750	-135,206	-149,183	-54,056	-89,102	-55,614	18,006	-17,805	4,679	75,292	93,185	95,890
Financial income`75/76B`	59,259	36,473	33,036	33,036	35,661	35,662	35,707	35,108	25,153	34,655	-	-	-	-	-	-	-
Recurring financial income`75`	59,259	36,473	33,036	33,036	35,661	35,662	35,707	35,108	25,153	34,655	22,976	22,973	23,502	21,921	19,516	18,501	15,675
Income from current assets`751`	-	33,403	33,036	33,036	35,660	35,660	35,661	35,103	25,153	24,494	22,976	22,973	23,128	21,921	18,397	18,412	14,207
Other financial income`752/9`	-	3,070	0	-	1	2	46	5	-	10,161	-	-	374	-	1,119	89	1,468
Financial charges`65/66B`	5,957	10,956	20,461	3,732	4,755	3,725	4,672	2,772	2,783	2,742	-	-	-	-	-	-	-
Recurring financial charges`65`	5,957	10,956	20,461	3,732	4,755	3,725	4,672	2,772	1,517	2,742	14,727	8,187	3,335	3,637	3,341	4,287	4,451
Debt charges`650`	-	3,814	8,496	-	1,964	-	1,910	260	370	221	135	964	703	247	359	311	390
Other financial charges`652/9`	-	7,142	11,966	3,732	2,791	3,725	2,762	2,512	1,147	2,521	-	-	-	-	-	-	-
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	-	1,266	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	9,933	-69,883	-122,111	-40,548	-81,229	-94,813	-104,171	-116,847	-31,686	-32,022	-59,517	32,792	4,689	28,143	91,467	107,399	111,466
Income taxes`67/77`	-219,313	-	-	218,063	-	-	-	-	-	-	5,073	18,851	1,468	13,217	30,374	56,827	46,342
Taxes`670/3`	-	-	-	218,063	-	-	-	-	-	-	5,073	18,851	4,438	13,217	36,757	57,536	47,092
Tax adjustments and reversals of tax provisions`77`	-	-	-	-	-	-	-	-	-	-	-	-	2,970	-	6,383	709	750
Profit (loss) for the period`9904`	229,246	-69,883	-122,111	-258,611	-81,229	-94,813	-104,171	-116,847	-31,686	-32,022	-64,590	13,941	3,221	14,926	61,093	50,572	65,124
Profit (loss) for the period to be appropriated`9905`	229,246	-69,883	-122,111	-258,611	-81,229	-94,813	-104,171	-116,847	-31,686	-32,022	-64,590	13,941	3,221	14,926	61,093	50,572	65,124
Appropriation of the result
Profit (loss) to be appropriated`9906`	-185,722	-414,968	-345,085	-222,974	35,637	116,866	211,679	315,851	432,697	464,383	496,405	560,995	547,054	543,833	528,907	467,814	417,242
Profit (loss) brought forward from the previous period`14P`	-414,968	-345,085	-222,974	35,637	116,866	-	-	-	-	-	560,995	547,054	543,833	528,907	467,814	417,242	352,118
Social balance sheet
Average staff (FTE)`9087`	3.8	4.5	14.5	11.4	7.5	9.3	13.6	20.9	18.4	21.9	28.9	37.1	36.8	43.9	49.6	44.5	47.3
Men (FTE)`1003`	-	2.6	3.9	3.2	2.3	2.4	3.4	6.3	5.2	4.8	-	-	-	-	-	-	-
Women (FTE)`1003`	-	1.2	10.6	10.5	5.2	6.9	10.2	14.6	13.2	17.1	-	-	-	-	-	-	-
Hours worked`1013`	6,511	6,511	33,257	27,343	12,392	21,428	31,702	49,230	41,186	50,114	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
30-06-2025	full format	27-02-2026	2026-00047179	PDF
30-06-2024	full format	27-06-2025	2025-00224495	PDF
30-06-2023	full format	05-12-2024	2024-00611309	PDF
30-06-2022	full format	18-06-2024	2024-00142059	PDF
30-06-2021	full format	12-09-2022	2022-20429168	PDF
30-06-2020	full format	17-09-2021	2021-67500324	PDF
30-06-2019	full format	25-06-2020	2020-20600473	PDF
30-06-2018	full format	23-05-2019	2019-14100075	PDF
30-06-2017	full format	23-05-2018	2018-13500066	PDF
30-06-2016	full format	08-02-2017	2017-04200236	PDF
30-06-2015	full format	04-02-2016	2016-04000134	PDF
30-06-2014	full format	22-01-2015	2015-02100398	PDF
30-06-2013	full format	21-01-2014	2014-01100179	PDF
30-06-2012	full format	11-12-2012	2012-66200525	PDF
30-06-2011	full format	04-01-2012	2012-00200453	PDF
30-06-2010	full format	03-12-2010	2010-62400230	PDF
30-06-2009	full format	10-11-2009	2009-85000162	PDF
30-06-2008	full format	27-11-2008	2008-81800179	PDF
30-06-2007	full format	04-12-2007	2007-81600075	PDF
30-06-2006	full format	21-12-2006	2006-91500118	PDF
30-06-2005	full format	01-12-2005	2005-87400165	PDF
30-06-2004	full format	10-01-2005	2005-00100277	PDF
30-06-2003	full format	26-11-2003	2003-80200080	PDF
30-06-2002	full format	15-11-2002	2002-71200223	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
EBITDA	-	-	-	-	-	-	-	-146,679	-51,552	-84,136	-50,631	23,053	-15,263	7,198	77,143	97,256	101,849
Cash flow	-	-	-	-	-	-	-	-114,343	-29,182	-27,056	-59,607	18,988	5,763	17,445	62,944	54,643	71,083
Investment in fixed assets (approximation)	78,000	-	-	-	-	-	-	0	-1,071	-1	895	12,520	0	945	6,784	0	-
Change in cash	-118,151	-260,427	298,688	91,963	-55,907	-7,508	73,767	-70,134	28,392	9,693	11,439	-11,505	30,994	-99,895	14,050	-41,360	-
Working capital	-195,624	-344,114	-233,889	-102,078	146,336	226,362	286,861	390,104	503,767	525,496	580,403	628,754	606,873	628,552	611,941	556,788	474,415
EBIT margin	-	-10.4%	-9.4%	-6.2%	-26.7%	-17.9%	-12.6%	-8.9%	-3.2%	-5.4%	-3.6%	0.9%	-1.1%	0.3%	3.8%	4.8%	4.7%
Solvency	-8.5%	-24.8%	-16.3%	-11.5%	8.1%	14.3%	22.0%	31.7%	45.9%	47.6%	65.1%	51.6%	68.9%	51.8%	54.4%	52.6%	66.3%
Current ratio	0.87	0.80	0.88	0.93	1.13	1.21	1.29	1.47	1.86	1.90	3.11	2.10	3.19	2.16	2.30	2.22	2.92
Debt to equity	-	-	-	-	11.40	6.01	3.55	2.16	1.18	1.10	0.49	0.91	0.45	0.89	0.79	0.85	0.51
ROE	-	-	-	-	-78.2%	-51.2%	-37.2%	-30.4%	-6.3%	-6.0%	-11.4%	2.2%	0.5%	2.4%	10.2%	9.4%	13.4%
ROA	16.5%	-5.0%	-7.2%	-19.1%	-6.3%	-7.3%	-8.2%	-9.6%	-2.9%	-2.9%	-7.4%	1.1%	0.4%	1.3%	5.6%	5.0%	8.9%
Interest coverage	-	-	-	-	-	-	-	-564.15	-139.33	-380.71	-375.04	23.91	-21.71	29.14	over 100	over 100	over 100
Customer credit	-	42 days	47 days	48 days	61 days	89 days	73 days	67 days	68 days	61 days	52 days	55 days	44 days	56 days	48 days	51 days	25 days
Supplier credit	-	1130 days	402 days	393 days	462 days	493 days	395 days	406 days	345 days	510 days	275 days	524 days	218 days	542 days	422 days	296 days	150 days

By activity	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
prestations interimaires	-	-	-	-	-	-	€420,048	€1,129,387	€1,426,961	€916,907
Prestations des intérimaires	€1,527,861	€1,647,487	€1,677,442	€1,668,184	€1,073,297	€707,761	-	-	-	-
Total	€1,527,861	€1,647,487	€1,677,442	€1,668,184	€1,073,297	€707,761	€420,048	€1,129,387	€1,426,961	€916,907

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022	30-06-2021
Employees at the balance-sheet date	5	5	16	18	15
full-time	4	4	11	11	10
part-time	1	1	5	7	5
in full-time equivalents	4.5	4.5	12.9	18	12.4
Average over the year, in full-time equivalents	3.8	3.8	14.5	13.7	7.5
On a permanent contract	5	5	3	3	4
Joined	3	3	317	222	87
Left	0	1	319	219	83
Training hours	-	30	-	-	135

MORNING CYCLES establishment since 17-09-2022 · founded in 2018	16 FTE (2025) 0712.592.088
Bureau et Gestion establishment since 01-04-1973 · founded in 1973 · accounts filed late	1 FTE (2024) 0413.030.156
Aide et Guidance-pluriel registered office since 01-01-2008 · founded in 1983	total assets €443,660 (2025) 0428.332.105
Bear Investments registered office since 23-05-2025 · founded in 2025 · negative equity (2025)	total assets €362,992 (2025) 1023.656.143
WESTBRIDGE registered office since 09-04-2014 · founded in 2014	0.2 FTE (2025) 0550.513.008
L.H.B. & Co registered office since 03-07-2007 · founded in 2007 · accounts filed late	total assets €157,013 (2025) 0890.533.145
CREATION & SPACE establishment since 05-01-1995 · founded in 1994	total assets €140,802 (2025) 0453.860.723
ARAMO INTERNATIONAL TRADE EXPERTS registered office since 28-04-1998 · founded in 1998 · negative equity (2025)	total assets €20,400 (2025) 0463.221.916
Dynasoc ASBL registered office since 02-06-2026	founded in 2026 1038.586.522
Mbariko, Randy (sole trader) establishment since 01-10-2025	founded in 2025 1029.192.764

Overview

Information for creditors

The procedure

Steps for a creditor

Lifetime

Key points

Equity

Debts

Staff

Board and ownership

Recent changes

Official details

Annual accounts to 30-06-2025

Insights on EXCEL INTERIM

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-8.5%

Current ratio0.87

Return on assets16.5%

Staff

Men and women

Staff cost per FTE€194,501

Joined and left+3

Filed annual accounts

Filings

Key figures and ratios

Revenue breakdown

By activity 2024

By geographic market 2020

By activity

By geographic market

Social balance sheet

Overdue debts

Investments

Auditor

Insights on EXCEL INTERIM

Board & ownership

Last board

Mandates through the years

Control

Capital

Owners through the years

Shareholders

Owners 3

Network & group

Parent

At the same address

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels