EXCEL SHOWER
ActiveSummary
The computed 12-month bankruptcy probability of EXCEL SHOWER is 1.5% (moderate). The 2025 annual accounts show negative equity (-€49,271) and a net result of -€1,580. Equity is shrinking by ~26.3% per year across the filed fiscal years. Its net result ranks better than 30% of 11515 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency-
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€49,271
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
5 d early
2022
31 d late
2021
31 d late
2020
100 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€49,271▼ 3.3%
2024 · -€47,692
Total assets
€6,110▼ 94.3%
2023 · €107,789
Net result
-€1,580
2024 · €70,705
Working capital
-€51,471▲ 58.6%
2023 · -€124,289
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€31,012▼ 451%-€24,574▲ 20.8%-€71,061▼ 189%-€65,090▲ 8.4%-€1,570▲ 97.6%
Net result-€31,222below the sector's middle half▼ 434%-€24,654below the sector's middle half▲ 21.0%-€71,140below the sector's middle half▼ 189%€70,705above the sector's middle half-€1,580within the sector's middle half
Equity-€22,603below the sector's middle half-€47,257below the sector's middle half▼ 109%-€118,396below the sector's middle half▼ 151%-€47,692below the sector's middle half▲ 59.7%-€49,271below the sector's middle half▼ 3.3%
Total assets€56,884below the sector's middle half▼ 64.9%€55,866below the sector's middle half▼ 1.8%€107,789within the sector's middle half▲ 92.9%€6,110below the sector's middle half▼ 94.3%
Debt€79,487▼ 48.2%€103,123▲ 29.7%€226,185▲ 119%€53,802▼ 76.2%€49,271▼ 8.4%
Working capital-€30,886below the sector's middle half▼ 300%-€47,856below the sector's middle half▼ 54.9%-€124,289below the sector's middle half▼ 160%-€51,471below the sector's middle half▲ 58.6%
Solvency-39.7%below the sector's middle half▼ 45.1pp-84.6%below the sector's middle half▼ 44.9pp-109.8%below the sector's middle half▼ 25.3pp-780.5%below the sector's middle half▼ 670.7pp
Current ratio0.59below the sector's middle half▼ 0.360.53below the sector's middle half▼ 0.060.45below the sector's middle half▼ 0.080.04below the sector's middle half▼ 0.41
Return on assets (ROA)-54.9%below the sector's middle half▼ 51.3pp-44.1%below the sector's middle half▲ 10.8pp-66.0%below the sector's middle half▼ 21.9pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,570 in 2025 against €65,090 in 2024; the loss shrinks.
Key figures and ratios
EBITDA
-€769▲
2024 · -€63,037
Cash flow
-€779▼
2024 · €72,757
Debt to equity
-1.00▲
2024 · -1.13
Interest coverage
-77.43▲
2024 · -198.52
Debt ≤ 1 year
€49,271▼
2024 · €53,802
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6,062 | €15,486 | €34,124 | €16,756 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,248 | €1,930 | €2,009 | €2,053 | €801 | ▼ 61.0% |
| Other operating charges640/8 | €12 | - | - | €5,783 | €426 | ▼ 92.6% |
| Non-recurring operating charges66A | - | €7,304 | - | - | - | - |
| Gross operating margin9900 | -€21,691 | €146 | -€34,929 | -€40,497 | -€343 | ▲ 99.2% |
| Operating profit (loss)9901 | -€31,012 | -€24,574 | -€71,061 | -€65,090 | -€1,570 | ▲ 97.6% |
| Financial income75/76B | - | €11 | €61 | €138,922 | - | - |
| Recurring financial income75 | - | €11 | €61 | €138,922 | - | - |
| Financial charges65/66B | €210 | €91 | €139 | €318 | €10 | ▼ 96.9% |
| Recurring financial charges65 | €210 | €91 | €139 | €318 | €10 | ▼ 96.9% |
| Non-recurring financial charges66B | - | - | - | - | €10 | - |
| Profit (loss) for the period before taxes9903 | -€31,222 | -€24,654 | -€71,140 | €73,515 | -€1,580 | ▼ 102% |
| Income taxes67/77 | - | - | - | €2,811 | - | - |
| Profit (loss) for the period9904 | -€31,222 | -€24,654 | -€71,140 | €70,705 | -€1,580 | ▼ 102% |
| Profit (loss) for the period to be appropriated9905 | -€31,222 | -€24,654 | -€71,140 | €70,705 | -€1,580 | ▼ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €56,884 | €55,866 | €107,789 | €6,110 | - | - |
| Formation expenses20 | €353 | €138 | - | - | - | - |
| Fixed assets21/28 | €12,732 | €2,263 | €5,892 | €3,780 | - | - |
| Intangible fixed assets21 | €11,200 | €1,627 | €1,021 | €801 | - | - |
| Tangible fixed assets22/27 | €1,472 | €576 | €4,812 | €2,979 | - | - |
| Plant, machinery and equipment23 | €1,472 | €576 | - | - | - | - |
| Furniture and vehicles24 | - | - | €4,812 | €2,979 | - | - |
| Financial fixed assets28 | €60 | €60 | €60 | - | - | - |
| Current assets29/58 | €43,799 | €53,465 | €101,896 | €2,331 | - | - |
| Stocks and contracts in progress3 | €31,840 | €36,270 | €91,134 | - | - | - |
| Stocks30/36 | €31,840 | €36,270 | €91,134 | - | - | - |
| Amounts receivable within one year40/41 | €4,306 | €7,347 | €7,192 | €1,123 | - | - |
| Trade receivables40 | €2,435 | €7,347 | €6,976 | €697 | - | - |
| Other amounts receivable41 | €1,871 | - | €216 | €426 | - | - |
| Cash at bank and in hand54/58 | €7,368 | €9,450 | €3,166 | €1,208 | - | - |
| Deferred charges and accrued income490/1 | €286 | €397 | €404 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €56,884 | €55,866 | €107,789 | €6,110 | - | - |
| Equity10/15 | -€22,603 | -€47,257 | -€118,396 | -€47,692 | -€49,271 | ▼ 3.3% |
| Contributions10/11 | €48,000 | €48,000 | €48,000 | €48,000 | €48,000 | = |
| Profit (loss) carried forward14 | -€70,603 | -€95,257 | -€166,396 | -€95,692 | -€97,271 | ▼ 1.7% |
| Amounts payable17/49 | €79,487 | €103,123 | €226,185 | €53,802 | €49,271 | ▼ 8.4% |
| Amounts payable within one year42/48 | €74,685 | €101,321 | €226,185 | €53,802 | €49,271 | ▼ 8.4% |
| Financial debts43 | €111 | €162 | - | - | - | - |
| Credit institutions430/8 | €111 | €162 | - | - | - | - |
| Trade debts44 | €7,401 | €28,703 | €95,325 | €3,593 | €4,063 | ▲ 13.1% |
| Suppliers440/4 | €7,401 | €28,703 | €95,325 | €3,593 | €4,063 | ▲ 13.1% |
| Taxes, remuneration and social security45 | €917 | €5,784 | €12,593 | - | - | - |
| Taxes450/3 | - | €199 | €649 | - | - | - |
| Remuneration and social security454/9 | €917 | €5,585 | €11,944 | - | - | - |
| Other amounts payable47/48 | €66,256 | €66,672 | €118,268 | €50,209 | €45,208 | ▼ 10.0% |
| Accrued charges and deferred income492/3 | €4,802 | €1,802 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,222 | -€24,654 | -€71,140 | €70,705 | -€1,580 | ▼ 102% |
| + Depreciation and write-downs630 | €3,248 | €1,930 | €2,009 | €2,053 | €801 | ▼ 61.0% |
| Operating cash flow (approximation) | -€27,975 | -€22,724 | -€69,131 | €72,757 | -€779 | ▼ 101% |
| Investment in fixed assets (approximation) | - | €8,539 | -€5,638 | €60 | - | - |
| Change in cash | - | €2,083 | -€6,284 | -€1,958 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €70,705
Net result €70,705 after 5 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€71,140
Net result drops to -€71,140, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 100 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mouscron · 1 establishment unit since 2018
Ground area
1,010 m²
Building footprint
113 m²
Volume, LiDAR
908 m³
Parcel 54432C0192/00L010, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
EXCELSHOWER
since 20182.279.220.282
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54432C0192/00L010 | Wallonia | 1,010 m² | 1 · 113 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 156 companies in sector 46836 we hold annual accounts for 113. 33 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded27-08-2018
Fiscal year end31-12
Activities, NACEBEL 2025
46836Wholesale trade
46150Agents in the wholesale of furniture, household goods and hardware
Contact
E-mail
contact@whyled.be
Phone
0498125250
E-invoicing
Not found in the Peppol register
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Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.