EXCELLENT MENUISERIE
ActiveThe computed 12-month bankruptcy probability of EXCELLENT MENUISERIE is 2.4% (moderate). The 2025 annual accounts show equity of €23k and a net result of €3k. Equity is growing by ~20.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 27358 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▼-13
Solvency94▲+12
Growth52=
Stability94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.94 against 2.49 in 2024), but 51.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.4%
Return on assets
5.3%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
39 d early
2024
54 d early
2023
32 d early
2022
42 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 12.2%
2024 · €21k
2022: €8k
2023: €18k
2024: €21k
2022 → 2025
Total assets
€48k▼ 11.3%
2024 · €55k
2022: €25k
2023: €57k
2024: €55k
2022 → 2025
Net result
€3k▼ 9.9%
2024 · €3k
2022: €8k
2023: €10k
2024: €3k
2022 → 2025
Working capital
€21k▲ 8.4%
2024 · €20k
2022: €8k
2023: €17k
2024: €20k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€8k-€18k▲ 115%€21k▲ 15.6%€23k▲ 12.2%
Operating result€11k-€12k▲ 17.0%€6k▼ 53.5%€5k▼ 17.2%
Net result€8k-€10k▲ 15.2%€3k▼ 70.9%€3k▼ 9.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 17% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€16k▼ 25.5%
Current assets
€32k▼ 1.9%
Equity and liabilities €48k
Equity
€23k▲ 12.2%
Debt
€25k▼ 25.8%
The debt ratio falls from 61.7% to 51.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€10k▼
2024 · €11k
Cash flow
€8k▼
2024 · €8k
Solvency
48.4%▲
2024 · 38.3%
Current ratio
2.94▲
2024 · 2.49
Quick ratio
2.94▲
2024 · 2.49
Debt / equity
1.07▼
2024 · 1.61
ROE
10.8%▼
2024 · 13.5%
ROA
5.3%▲
2024 · 5.2%
Interest coverage
9.10▲
2024 · 5.69
Debt
€25k▼
2024 · €34k
Debt ≤ 1 year
€11k▼
2024 · €13k
Debt > 1 year
€14k▼
2024 · €20k
Income taxes
€1k▲
2024 · €928
Staff costs
€26k▲
2024 · €25k
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€55k€48k▼
Fixed assets21/28€22k€16k▼
Tangible fixed assets22/27€22k€16k▼
Furniture and vehicles24€22k€16k▼
Current assets29/58€33k€32k▼
Amounts receivable within one year40/41€16k€19k▲
Trade receivables40€14k€15k▲
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€3k€9k▲
Deferred charges and accrued income490/1€14k€5k▼
Equity and liabilities
Total equity and liabilities10/49€55k€48k▼
Equity10/15€21k€23k▲
Profit (loss) carried forward14€21k€23k▲
Amounts payable17/49€34k€25k▼
Amounts payable after more than one year17€20k€14k▼
Financial debts170/4€20k€14k▼
Amounts payable within one year42/48€13k€11k▼
Trade debts44€5k€5k▼
Suppliers440/4€5k€5k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€928-
Remuneration and social security454/9€731€2k▲
Other amounts payable47/48€7k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€25k€26k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k=
Other operating charges640/8€611€595▼
Gross operating margin9900€37k€37k▼
Operating profit (loss)9901€6k€5k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€4k€4k▼
Income taxes67/77€928€1k▲
Profit (loss) for the period9904€3k€3k▼
Profit (loss) for the period to be appropriated9905€3k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€23k▲
Profit (loss) brought forward from the previous period14P€18k€21k▲
The notes to these accounts (4 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
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €3k ▼9.9%
Net result drops to €3k, the lowest in the series.
2024
07-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2022net €10k ▲15.2%
Operating result €12k, net result €10k, both a record.
2022
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro 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, Asse · 1 establishment unit since 2021
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.
Dendermondestraat 61731 AsseGround area
939 m²
Building footprint
161 m²
Volume, LiDAR
997 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EXCELLENT MENUISERIE
since 20212.313.432.182
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23095B0060/00M000 | Flanders | 483 m² | - | - |
| 23095B0061/00D000 | Flanders | 456 m² | 1 · 161 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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Thimister-Clermont · Eq €24k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 6,367 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-02-2021
Fiscal year end31-03
Activities, NACEBEL
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.