EXCELRA BELGIUM
ActiveSummary
EXCELRA BELGIUM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.31M and a net result of €399k. Equity is growing by ~52% per year across the filed fiscal years. Its solvency ranks better than 78% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▲+29
Solvency96▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 1.91 in 2023; short-term debt: 18.3% and cash: 5.9% of total assets), and 28.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.5%
Return on assets
21.7%
Age of the figures
18 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 31-10-2025, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2023
13 d early
2022
1 d early
2021
4 d early
2020
26 d late
2019
64 d early
2018
109 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€1.31M▲ 6.1%
2023 · €1.24M
2019: €218k
2020: €352k
2021: €534k
2022: €1.04M
2023: €1.24M
2019 → 2025
Total assets
€1.84M▲ 7.6%
2023 · €1.71M
2019: €502k
2020: €695k
2021: €953k
2022: €1.45M
2023: €1.71M
2019 → 2025
Net result
€399k
2023 · €-18k
2019: €54k
2020: €134k
2021: €76k
2022: €438k
2023: €-18k
2019 → 2025
Working capital
€496k▲ 19.1%
2023 · €416k
2019: €212k
2020: €270k
2021: €261k
2022: €457k
2023: €416k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€352k-€534k▲ 51.5%€1.04M▲ 94.1%€1.24M▲ 19.5%€1.31M▲ 6.1%
Operating result€141k-€58k▼ 58.4%€403k▲ 590%€-233k€-8k▲ 96.5%
Net result€134k-€76k▼ 43.1%€438k▲ 474%€-18k€399k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-8k in 2025, compared with €-233k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €1.84M
Fixed assets
€1.01M ▲ 20.3%
Current assets
€832k ▼ 4.5%
Equity and liabilities €1.84M
Equity
€1.31M ▲ 6.1%
Debt
€524k ▲ 11.7%
Debt's share of the balance-sheet total rises from 27.5% to 28.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€970k▲
2023 · €172k
Cash flow
€1.38M▲
2023 · €387k
Current ratio
2.47▲
2023 · 1.91
Debt to equity
0.40▲
2023 · 0.38
ROE
30.4%▲
2023 · -1.4%
ROA
21.7%▲
2023 · -1.0%
Interest coverage
8.87▼
2023 · 9.39
Debt ≤ 1 year
€337k▼
2023 · €455k
Debt > 1 year
€185k
Income taxes
€-35k▼
2023 · €-21k
Staff costs
€1.94M▲
2023 · €944k
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 · 2025 against 2023 · 52 lines
Balance sheet
Code20232025
Assets
Total assets20/58€1.71M€1.84M▲
Fixed assets21/28€836k€1.01M▲
Intangible fixed assets21€822k€961k▲
Tangible fixed assets22/27€7k€3k▼
Furniture and vehicles24€7k€3k▼
Financial fixed assets28€6k€41k▲
Current assets29/58€871k€832k▼
Amounts receivable within one year40/41€657k€701k▲
Trade receivables40€421k€482k▲
Other amounts receivable41€235k€219k▼
Cash at bank and in hand54/58€194k€108k▼
Deferred charges and accrued income490/1€21k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.71M€1.84M▲
Equity10/15€1.24M€1.31M▲
Contributions10/11€19k€13k▼
Reserves13€731k€1.06M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€729k€1.05M▲
Investment grants15€488k€244k▼
Amounts payable17/49€469k€524k▲
Amounts payable after more than one year17-€185k
Financial debts170/4-€185k
Amounts payable within one year42/48€455k€337k▼
Current portion of amounts payable after more than one year42€51k-
Trade debts44€327k€117k▼
Suppliers440/4€327k€117k▼
Taxes, remuneration and social security45€78k€219k▲
Taxes450/3€403€514▲
Remuneration and social security454/9€77k€218k▲
Other amounts payable47/48€141€1k▲
Accrued charges and deferred income492/3€14k€3k▼
Income statement
Code20232025
Remuneration, social security and pensions62€944k€1.94M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€405k€978k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13k
Other operating charges640/8€56k€45k▼
Gross operating margin9900€1.17M€2.96M▲
Operating profit (loss)9901€-233k€-8k▲
Financial income75/76B€213k€481k▲
Recurring financial income75€213k€481k▲
Financial charges65/66B€18k€109k▲
Recurring financial charges65€18k€109k▲
Profit (loss) for the period before taxes9903€-39k€364k▲
Income taxes67/77€-21k€-35k▼
Profit (loss) for the period9904€-18k€399k▲
Profit (loss) for the period to be appropriated9905€-18k€399k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€212k▲
Profit (loss) brought forward from the previous period14P-€-187k
Transfer from equity791/2€18k-
Transfer to equity691/2-€212k
To other reserves6921-€212k
Social balance
Average headcount (FTE)908712.99.8▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Back to profitnet €399k
Net result €399k after one loss-making year.
2024
18-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Weakest financial yearnet €-18k ▼104%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €438k ▲474%
Operating result €403k, net result €438k, both a record.
30-06
Financial
Equity above €1MEq €1.04M ▲94.1%
4 profitable years in a row build equity to €1.04M.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Equity above €500kEq €534k ▲51.5%
3 profitable years in a row build equity to €534k.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2019
28-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Gent · 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.
Oktrooiplein 19000 GentGround area
1,619 m²
Building footprint
1,590 m²
Volume, LiDAR
9,034 m³
Parcel 44807G0728/02L013, Flanders · tallest building 18.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Excelra 2
since 20212.315.406.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0728/02L013 | Flanders | 1,619 m² | 1 · 1,590 m² | 18.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 394,683 EUR awarded · 394,683 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -99,392 EUR | 0 EUR |
| 2023 | 1 | 493,392 EUR | 394,000 EUR |
| 2022 | 1 | 683 EUR | 683 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,145 companies in sector 71209 we hold annual accounts for 1,086. 511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-2017
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
71209Other technical testing and analysis
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.excelra.com