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EXCELERATE

Inactive
KBO/BCE: BE 0870.910.441

Inactive; last annual accounts for financial year 2018.

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EXCELERATEInactive
Report

Overview

Activity
Activity not known
Size
€28.6mturnover 2018
Equity
€66.3m
Profit
€34.9m
Financial health
Inactive: no score
Structure
13 deeds in the Belgian Official Gazette
SignalsneutralNo filing for yearsLatest accounts filed on timeShow the evidence

Signals

Two signals.
neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2018. Since then, 7 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
31-12-2019 year end31-07-2020 deadline29-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2018 was due by 31-07-2019 and was filed on 14-06-2019, 47 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline after the deadline →
tick = median of all Belgian filings

The Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2018 · full…
  2. Annual accounts filedfinancial year 2017 · full…
  3. Annual accounts filedfinancial year 2016 · full…

Financials · financial year 2018, full format

Turnover
€28.6m
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€34.9m
Working capital
€66.3m
Balance-sheet composition
Equity and liabilities €140.6m
Equity €66.3m
Debt €74.3m
Debt finances 52.8% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
€47.8m
Cash flow
€45.0m
Current ratio
1.89
Debt to equity
1.12
ROE
52.6%
ROA
24.8%
Interest coverage
17.29
Debt ≤ 1 year
€74.3m
Income taxes
€5,948
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 44 lines
Balance sheet Code2018
Assets
Total assets20/58€140.6m
Current assets29/58€140.6m
Amounts receivable within one year40/41€139.9m
Trade receivables40€139.9m
Other amounts receivable41€0.04m
Cash at bank and in hand54/58€0.7m
Equity and liabilities
Total equity and liabilities10/49€140.6m
Equity10/15€66.3m
Contributions10/11€0.1m
Capital10€0.1m
Issued capital100€0.1m
Reserves13€0.01m
Legal reserve130€0.01m
Profit (loss) carried forward14€66.2m
Amounts payable17/49€74.3m
Amounts payable within one year42/48€74.3m
Financial debts43€73.6m
Other loans439€73.6m
Trade debts44€0.6m
Suppliers440/4€0.6m
Other amounts payable47/48€0.004m
Income statement Code2018
Operating income70/76A€57.1m
Turnover70€28.6m
Other operating income74€2.8m
Non-recurring operating income76A€25.7m
Operating charges60/66A€19.5m
Services and other goods61€9.3m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10.1m
Other operating charges640/8€0.02m
Operating profit (loss)9901€37.6m
Recurring financial income75€0.05m
Income from current assets751€0.03m
Other financial income752/9€0.02m
Financial charges65/66B€2.8m
Recurring financial charges65€2.8m
Debt charges650€2.8m
Other financial charges652/9€0.04m
Profit (loss) for the period before taxes9903€34.9m
Income taxes67/77€0.006m
Taxes670/3€0.006m
Profit (loss) for the period9904€34.9m
Profit (loss) for the period to be appropriated9905€34.9m
Appropriation of the result
Profit (loss) to be appropriated9906€66.2m
Profit (loss) brought forward from the previous period14P€31.3m

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018
Operating income70/76A€57.1m
Turnover70€28.6m
Other operating income74€2.8m
Non-recurring operating income76A€25.7m
Operating charges60/66A€19.5m
Services and other goods61€9.3m
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10.1m
Other operating charges640/8€0.02m
Operating profit (loss)9901€37.6m
Recurring financial income75€0.05m
Income from current assets751€0.03m
Other financial income752/9€0.02m
Financial charges65/66B€2.8m
Recurring financial charges65€2.8m
Debt charges650€2.8m
Other financial charges652/9€0.04m
Profit (loss) for the period before taxes9903€34.9m
Income taxes67/77€0.006m
Taxes670/3€0.006m
Profit (loss) for the period9904€34.9m
Profit (loss) for the period to be appropriated9905€34.9m
Line2018
Assets
Total assets20/58€140.6m
Current assets29/58€140.6m
Amounts receivable within one year40/41€139.9m
Trade receivables40€139.9m
Other amounts receivable41€0.04m
Cash at bank and in hand54/58€0.7m
Equity and liabilities
Total equity and liabilities10/49€140.6m
Equity10/15€66.3m
Contributions10/11€0.1m
Capital10€0.1m
Issued capital100€0.1m
Reserves13€0.01m
Legal reserve130€0.01m
Profit (loss) carried forward14€66.2m
Amounts payable17/49€74.3m
Amounts payable within one year42/48€74.3m
Financial debts43€73.6m
Other loans439€73.6m
Trade debts44€0.6m
Suppliers440/4€0.6m
Other amounts payable47/48€0.004m
Line2018
Profit (loss) for the period9904€34.9m
+ Depreciation and write-downs630€10.1m
Operating cash flow (approximation)€45.0m

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 14 filings with the National Bank
Financial year Type Filed Reference
31-12-2018 full format 14-06-2019 2019-19100482
31-12-2017 full format 18-06-2018 2018-20100177
31-12-2016 full format 20-07-2017 2017-36000303
31-12-2015 full format 14-06-2016 2016-18400575
31-12-2014 full format 11-06-2015 2015-16800237
31-12-2013 full format 11-06-2014 2014-17100358
31-12-2012 full format 28-05-2013 2013-13700549
31-12-2011 full format 29-05-2012 2012-13300528
31-12-2010 full format 01-06-2011 2011-14300573
31-12-2009 full format 18-06-2010 2010-19700503

Show all 14 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 13 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

Acts, filings and financial milestones

2019
14-06
NBB filing Annual accounts filed
financial year 2018 · full format
2018
18-06
NBB filing Annual accounts filed
financial year 2017 · full format
2017
20-07
NBB filing Annual accounts filed
financial year 2016 · full format
2016
14-06
NBB filing Annual accounts filed
financial year 2015 · full format
2015
11-06
NBB filing Annual accounts filed
financial year 2014 · full format
2014
11-06
NBB filing Annual accounts filed
financial year 2013 · full format
2013
28-05
NBB filing Annual accounts filed
financial year 2012 · full format
2012
29-05
NBB filing Annual accounts filed
financial year 2011 · full format
2011
01-06
NBB filing Annual accounts filed
financial year 2010 · full format
2010
18-06
NBB filing Annual accounts filed
financial year 2009 · full format
NBB filingOf the 14 annual accounts filed, the latest 10 are here; all 14 are under Financials.
0 of 13 deeds read
About the unread acts

We know of 13 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.
Inactive

Inactive

EXCELERATE is no longer in the KBO register.

Status
Inactive
Last annual accounts
financial year to 31 December 2018
Last registered office
De Gerlachekaai 20, 2000 Antwerpenas published on 18 February 2020
Legal form
Public limited company
Active since
2005 (first annual accounts)
Official KBO record

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

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