EXCELL-ASSUR
ActiveEXCELL-ASSUR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5k and a net result of €-18k. Equity is shrinking by ~22.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 30% of 9098 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
8 d late
2024
on the day
2023
2 d early
2022
5 d early
2021
4 d early
2020
5 d early
2019
2 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€5k▼ 77.6%
2024 · €23k
2018: €90k
2019: €67k
2020: €102k
2021: €98k
2022: €63k
2023: €51k
2024: €23k
2018 → 2025
Net result
€-18k▲ 37.1%
2024 · €-28k
2018: €8k
2019: €-24k
2020: €35k
2021: €-4k
2022: €-35k
2023: €-12k
2024: €-28k
2018 → 2025
Total assets
€46k▼ 38.6%
2024 · €75k
2018: €225k
2019: €153k
2020: €158k
2021: €134k
2022: €137k
2023: €126k
2024: €75k
2018 → 2025
Solvency
11.1%▼ 19.4pp
2024 · 30.5%
2018: 40.2%
2019: 43.5%
2020: 64.8%
2021: 73.0%
2022: 46.1%
2023: 40.5%
2024: 30.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€261k-€207k▼ 20.7%€274k▲ 32.6%€210k▼ 23.2%€211k▲ 0.2%
Equity€98k-€63k▼ 35.6%€51k▼ 19.3%€23k▼ 55.2%€5k▼ 77.6%
Operating result€2k-€-75k€-10k▲ 86.4%€-27k▼ 165%€-17k▲ 39.1%
Net result€-4k-€-35k▼ 770%€-12k▲ 65.2%€-28k▼ 132%€-18k▲ 37.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17k in 2025 against €27k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€27k▼ 34.1%
Current assets
€18k▼ 44.3%
Equity and liabilities €46k
Equity
€5k▼ 77.6%
Debt
€41k▼ 21.5%
The debt ratio rises from 69.5% to 88.9%: equity shrinks faster than debt is paid down.
Key figures and ratios
Solvency
11.1%▼
2024 · 30.5%
ROE
-346.0%▼
2024 · -123.4%
ROA
-38.6%▼
2024 · -37.7%
Debt
€41k▼
2024 · €52k
Debt ≤ 1 year
€39k▲
2024 · €38k
Debt > 1 year
€2k▼
2024 · €14k
Staff costs
€113k▲
2024 · €94k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€75k€46k▼
Formation expenses20-€0
Fixed assets21/28€42k€27k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€42k€27k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€39k€26k▼
Leasing and similar rights25-€0
Other tangible fixed assets26-€0
Assets under construction and advance payments27-€0
Current assets29/58€33k€18k▼
Amounts receivable within one year40/41€24k€11k▼
Trade receivables40€396€3k▲
Other amounts receivable41€24k€8k▼
Cash at bank and in hand54/58€7k€5k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€75k€46k▼
Equity10/15€23k€5k▼
Contributions10/11€9k€9k=
Capital10€9k€9k=
Issued capital100€19k€19k=
Uncalled capital101€9k€9k=
Revaluation surpluses12-€0
Reserves13-€0
Profit (loss) carried forward14€14k€-4k▼
Amounts payable17/49€52k€41k▼
Amounts payable after more than one year17€14k€2k▼
Financial debts170/4€14k€2k▼
Amounts payable within one year42/48€38k€39k▲
Financial debts43€12k€12k=
Credit institutions430/8€12k€12k=
Trade debts44€15k€16k▲
Suppliers440/4€15k€16k▲
Taxes, remuneration and social security45€11k€10k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€2k€199▼
Income statement
Code20242025
Turnover70€210k€211k▲
Goods, raw materials, services and sundry goods60/61€121k€91k▼
Remuneration, social security and pensions62€94k€113k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€22k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€89k€120k▲
Operating profit (loss)9901€-27k€-17k▲
Financial income75/76B€64€1▼
Recurring financial income75€64€1▼
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-28k€-18k▲
Profit (loss) for the period9904€-28k€-18k▲
Profit (loss) for the period to be appropriated9905€-28k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-4k▼
Profit (loss) brought forward from the previous period14P€42k€14k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 8 days late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Equity above €100kEq €102k ▲53.3%
Equity rises from €67k to €102k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Beaumont · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Lambert(ST) 386511 BeaumontGround area
9,974 m²
Building footprint
424 m²
Volume, LiDAR
921 m³
2 parcels, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EXCELL-ASSUR
since 19962.078.519.364
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56075C1168/00A000 | Wallonia | 8,572 m² | 1 · 291 m² | - |
| 56075C0788/00M000 | Wallonia | 1,402 m² | 1 · 132 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,668 companies in sector 66220 we hold annual accounts for 3,216. 592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-1996
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
67201
68310Real estate agency activities
68311Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.