EXCELSIOR
ActiveSummary
The computed 12-month bankruptcy probability of EXCELSIOR is 1.9% (moderate). The 2024 annual accounts show negative equity (-€6,977) and a net result of €29,713. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 18940 sector peers (fiscal year 2024). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency13▲+13
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.22 in 2023; short-term debt: 112% and cash: 80.2% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-12%
Return on assets
51%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18940 sector peers (2024).
NBB · sector comparisonPosition among 18940 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-09-2025, 33 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
33 d late
2023
48 d late
2022
42 d late
2021
31 d late
2019
70 d late
2018
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€6,977▲ 81.0%
2023 · -€36,690
Total assets
€58,294▲ 331%
2023 · €13,513
Net result
€29,713
2023 · -€7,177
Working capital
-€12,183▲ 68.8%
2023 · -€39,054
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192021202220232024
Operating result€11,858▲ 82.9%€13,214-€10,941▼ 17.2%-€5,786€41,986
Net result€9,810▲ 89.8%€12,817within the sector's middle half-€9,584within the sector's middle half▼ 25.2%-€7,177within the sector's middle half€29,713above the sector's middle half
Equity-€59,352▲ 14.2%-€39,097below the sector's middle half--€29,513below the sector's middle half▲ 24.5%-€36,690below the sector's middle half▼ 24.3%-€6,977below the sector's middle half▲ 81.0%
Total assets€87,978▲ 127%€56,010within the sector's middle half-€89,780within the sector's middle half▲ 60.3%€13,513below the sector's middle half▼ 84.9%€58,294within the sector's middle half▲ 331%
Debt€147,331▲ 36.6%€95,107-€119,292▲ 25.4%€50,203▼ 57.9%€65,270▲ 30.0%
Working capital-€77,908▲ 14.4%-€79,492below the sector's middle half--€57,070below the sector's middle half▲ 28.2%-€39,054below the sector's middle half▲ 31.6%-€12,183within the sector's middle half▲ 68.8%
Solvency-67.5%▲ 111.3pp-69.8%below the sector's middle half--32.9%below the sector's middle half▲ 36.9pp-271.5%below the sector's middle half▼ 238.6pp-12.0%below the sector's middle half▲ 259.5pp
Current ratio0.47▲ 0.310.16below the sector's middle half-0.52within the sector's middle half▲ 0.360.22below the sector's middle half▼ 0.300.81within the sector's middle half▲ 0.59
Return on assets (ROA)11.2%▼ 2.2pp22.9%within the sector's middle half-10.7%within the sector's middle half▼ 12.2pp-53.1%below the sector's middle half▼ 63.8pp51.0%above the sector's middle half▲ 104.1pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €41,986 after a loss of €5,786 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58,294
Fixed assets
€5,206 ▲ 120%
Current assets
€53,088 ▲ 376%
Key figures and ratios
EBITDA
€43,505▲
2023 · -€2,506
Cash flow
€31,232▲
2023 · -€3,897
Debt to equity
-9.36▼
2023 · -1.37
Interest coverage
13.30▲
2023 · -1.56
Debt ≤ 1 year
€65,270▲
2023 · €50,203
Income taxes
€9,047
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,798 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €20,454 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,313 | €13,837 | €12,838 | €3,279 | €1,519 | ▼ 53.7% |
| Other operating charges640/8 | - | €2,023 | €1,174 | €703 | €536 | ▼ 23.8% |
| Gross operating margin9900 | €19,207 | €29,074 | €24,953 | -€1,803 | €44,041 | ▲ 2,543% |
| Operating profit (loss)9901 | €11,858 | €13,214 | €10,941 | -€5,786 | €41,986 | ▲ 826% |
| Financial income75/76B | - | €0 | €0 | €215 | €45 | ▼ 79.1% |
| Recurring financial income75 | - | €0 | €0 | €215 | €45 | ▼ 79.1% |
| Financial charges65/66B | - | €188 | €283 | €1,606 | €3,272 | ▲ 104% |
| Recurring financial charges65 | €1,815 | €188 | €283 | €1,606 | €3,272 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €10,043 | €13,026 | €10,659 | -€7,177 | €38,760 | ▲ 640% |
| Income taxes67/77 | €233 | €209 | €1,075 | - | €9,047 | - |
| Profit (loss) for the period9904 | €9,810 | €12,817 | €9,584 | -€7,177 | €29,713 | ▲ 514% |
| Profit (loss) for the period to be appropriated9905 | €9,810 | €12,817 | €9,584 | -€7,177 | €29,713 | ▲ 514% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,978 | €56,010 | €89,780 | €13,513 | €58,294 | ▲ 331% |
| Fixed assets21/28 | €18,556 | €40,395 | €27,557 | €2,364 | €5,206 | ▲ 120% |
| Tangible fixed assets22/27 | €18,466 | €40,305 | €27,467 | €2,274 | €5,116 | ▲ 125% |
| Plant, machinery and equipment23 | - | €8,108 | €3,448 | €834 | €4,340 | ▲ 421% |
| Furniture and vehicles24 | - | €32,197 | €24,019 | €1,441 | €776 | ▼ 46.2% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €69,422 | €15,615 | €62,223 | €11,149 | €53,088 | ▲ 376% |
| Stocks and contracts in progress3 | €12,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €25,578 | €10,508 | €49,415 | €7,690 | €6,347 | ▼ 17.5% |
| Trade receivables40 | - | €2,254 | €44,797 | €2,869 | - | - |
| Other amounts receivable41 | - | €8,255 | €4,618 | €4,821 | €6,347 | ▲ 31.7% |
| Cash at bank and in hand54/58 | €277 | €4,214 | €12,808 | €3,459 | €46,741 | ▲ 1,251% |
| Deferred charges and accrued income490/1 | - | €893 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,978 | €56,010 | €89,780 | €13,513 | €58,294 | ▲ 331% |
| Equity10/15 | -€59,352 | -€39,097 | -€29,513 | -€36,690 | -€6,977 | ▲ 81.0% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€79,352 | -€59,097 | -€49,513 | -€56,690 | -€26,977 | ▲ 52.4% |
| Amounts payable17/49 | €147,331 | €95,107 | €119,292 | €50,203 | €65,270 | ▲ 30.0% |
| Amounts payable within one year42/48 | €147,331 | €95,107 | €119,292 | €50,203 | €65,270 | ▲ 30.0% |
| Current portion of amounts payable after more than one year42 | - | €9,665 | €7,298 | €4,899 | €2,466 | ▼ 49.7% |
| Trade debts44 | €1,588 | €3,078 | €28,979 | €922 | - | - |
| Suppliers440/4 | - | €3,078 | €28,979 | €922 | - | - |
| Advances received on contracts in progress46 | - | - | - | - | €28,000 | - |
| Taxes, remuneration and social security45 | - | €387 | €1,284 | €1,117 | €18,173 | ▲ 1,528% |
| Taxes450/3 | - | €387 | €1,284 | €1,117 | €18,173 | ▲ 1,528% |
| Other amounts payable47/48 | - | €81,976 | €81,731 | €43,266 | €16,632 | ▼ 61.6% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,810 | €12,817 | €9,584 | -€7,177 | €29,713 | ▲ 514% |
| + Depreciation and write-downs630 | €6,313 | €13,837 | €12,838 | €3,279 | €1,519 | ▼ 53.7% |
| Operating cash flow (approximation) | €16,123 | €26,654 | €22,422 | -€3,897 | €31,232 | ▲ 901% |
| Investment in fixed assets (approximation) | - | - | €0 | €21,913 | -€4,360 | ▼ 120% |
| Change in cash | - | - | €8,594 | -€9,349 | €43,282 | ▲ 563% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 33 days late
2024
31-12
Financial
Back to profitnet €29,713
Net result €29,713 after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 48 days late
2023
31-12
Financial
Weakest financial yearnet -€7,177
Net result drops to -€7,177, the lowest in the series; recovery starts the following year.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 51 days late
2015
17-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Lasne · 1 establishment unit since 2000
Ground area
9,920 m²
Building footprint
174 m²
2 parcels, Flanders, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Luchthaven Brussel Nationaal ZN, 1930 Zaventem
since 20002.101.032.470
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0072/00K000 | Flanders | 8,564 m² | - | - |
| 25051A0022/00C000 ProtectedSite or landscape |
Wallonia | 1,356 m² | 1 · 174 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded24-05-2000
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471956963
Also
9925:BE0471956963
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.