EXCELLENT CONCEPT
InactiveEXCELLENT CONCEPT was declared bankrupt on 03-02-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 23-09-2025, published in the Belgian State Gazette on 08-10-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-09-2024, 60 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
60 d late
2022
141 d late
2021
148 d late
2020
114 d late
2019
89 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Turnover
€5k▼ 98.3%
2022 · €314k
2020: €149k
2021: €138k
2022: €314k
2020 → 2023
EBIT margin
-1142.7%▼ 1142.8pp
2022 · 0.1%
2020: -6.9%
2021: 30.6%
2022: 0.1%
2020 → 2023
Net result
€-62k▼ 137%
2022 · €-26k
2020: €-11k
2021: €42k
2022: €-26k
2020 → 2023
Working capital
€41k▼ 33.1%
2021 · €62k
2020: €-14k
2021: €62k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€149k€138k▼ 7.8%€314k▲ 128%€5k▼ 98.3%
Equity€19k-€-12k€77k€51k▼ 34.1%€-3k
Operating result€-10k€42k€352▼ 99.2%€-62k
Net result€-11k€42k€-26k€-62k▼ 137%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €62k after €352 in 2022, the lowest result in the available series.
Key figures and ratios
Debt to equity
-1.00▼
2022 · 2.56
Debt
€3k▼
2022 · €130k
Debt ≤ 1 year
€3k▼
2022 · €130k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€181k-
Fixed assets21/28€10k-
Tangible fixed assets22/27€10k-
Furniture and vehicles24€10k-
Current assets29/58€171k-
Amounts receivable within one year40/41€124k-
Trade receivables40€124k-
Cash at bank and in hand54/58€48k-
Deferred charges and accrued income490/1€9-
Equity and liabilities
Total equity and liabilities10/49€181k-
Equity10/15€51k€-3k▼
Contributions10/11€10k€19k▲
Capital10€10k€19k▲
Issued capital100€19k€19k=
Uncalled capital101€8k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€39k€-23k▼
Amounts payable17/49€130k€3k▼
Amounts payable within one year42/48€130k€3k▼
Trade debts44€26k-
Suppliers440/4€26k-
Taxes, remuneration and social security45€101k€3k▼
Taxes450/3€4k€110▼
Remuneration and social security454/9€97k€3k▼
Other amounts payable47/48€3k-
Income statement
Code20222023
Turnover70€314k€5k▼
Goods, raw materials, services and sundry goods60/61€279k€67k▼
Remuneration, social security and pensions62€48k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k-
Other operating charges640/8€2k€560▼
Gross operating margin9900€56k€-62k▼
Operating profit (loss)9901€352€-62k▼
Financial charges65/66B€369-
Recurring financial charges65€369-
Profit (loss) for the period before taxes9903€-18€-62k▼
Income taxes67/77€26k-
Profit (loss) for the period9904€-26k€-62k▼
Profit (loss) for the period to be appropriated9905€-26k€-62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€-23k▼
Profit (loss) brought forward from the previous period14P€65k€39k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL EXCELLENT CONCEPT AVENUE DE LA CHASSE 133, 1040 ETTERBEEK. déclarée le 3 février 2025 · event 23-09-2025
21-02
KBO administration
Address struck
10-02
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL EXCELLENT CONCEPT AVENUE DE LA CHASSE 133, 1040 ETTERBEEK · event 03-02-2025
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
31-12
Financial
Weakest financial yearnet €-62k
Net result drops to €-62k, the lowest in the series.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
26-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 148 days late
2021
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.96
Current ratio from 0.65 to 1.96.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHRISTOPHE BOURTEMBOURG AVENUE
LOUISE 283/19, 1050 IXELLES- christophe.bourtembourg@everest-
law.eu |
03-02-2025 → 23-09-2025 |
Company data · Crossroads Bank
Identification
Legal formSRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filings
Scores and ratios are computed by Checked and are not a credit decision.