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EXCELERATE TECHNICAL MANAGEMENT

Active
Private limited companyfounded 2019active for 7 yearsBordeauxstraat 14, 2000 Antwerpen, BelgiumKBO/BCE: BE 0732.785.609
Summary

EXCELERATE TECHNICAL MANAGEMENT has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €236,369. Equity is growing by about 36% per year across the filed financial years. Its solvency ranks better than 17% of 79 sector peers (NACE 50, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Water transport
NACE 50200
1 site
Size
€42.1mturnover 2025
Staff
17 FTE
Equity
€1.8m
Profit
€236,369
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Excelerate Ship Management HoldCo LLC · 100%
Auditor: PricewaterhouseCoopers Reviseurs d'EntreprisesAccounts 21 days early2 of 11 deeds read
Why 83raises riskEquity €1.8m (15.3% of total assets)1 of the last 3 latelowers riskSector: Water transport (NACE 50)Size: turnover €42.1m, 17 FTE, total assets €11.8mShow the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 23% of its sector peers (NACE 50, small)
Financial strength · tick = 2024
Weak
Solvency 40+2
equity 15.3% of total assets
Liquidity 34-16
short-term debt 69.2% · cash 16.5%
Profitability 30-2
return on assets 2.0%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (75 companies, NACE 50, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.43, compared with 1.36 in 2024; short-term debt: 69.2% and cash: 16.5% of total assets), and 84.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 50, small): better than 15% on solvency, 16% on liquidity, 12% on profitability and 50% on growth.

The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Sector: Water transport (NACE 50)
KBO
raises risk · Equity €1.8m (15.3% of total assets)
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Size: turnover €42.1m, 17 FTE, total assets €11.8m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 79 sector peers (2025).
NBB · sector comparison
Position among 79 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
21 days early
2024
74 days late
2023
33 days early
2022
83 days late
2021
311 days late
2020
454 days late
2019
9 days early
← 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 123 days after the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 October (4 of the last 5 filed years within 106 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. MiscellaneousPower of attorney
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Caution: Result fell in 2025from €815,486 to €236,369 ▼ 71.0% View
  • Caution: Among the weakest 18% on solvencysector median 45.5% · 79 companies 15.3% View
  • Positive: 5 profitable years in a rowprofit 2025: €236,369 5 years View
  • Known shareholderslargest: Excelerate Ship Management… 100% 100% View

By topic

Financials

Financial year
2025
Turnover
€42.1m
Profit
€236,369
Solvency
15.3%
Turnover▼ 9.7%
Net result
20212025
Go to Financials

Board & ownership

Largest shareholder
Excelerate Ship Management HoldCo… · 100%
Known shareholders
100%
Auditor
PricewaterhouseCoopers Reviseurs d'Entreprises
Go to Board & ownership

Timeline

Events
14
Since
2020
Next accounts
by 31-07-2027
  1. 03-10-2025Permanent representative: Steven Van Bael
  2. 31-12-2024Highest result from 2019 to 2025
  3. 31-12-2024Equity above €1m
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Water transportNACE 50200
Founded
22-08-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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