Excelsior Seniors

Active

Public limited companyfounded 2012active for 14 yearsMarnixlaan 23, 1000 Brussel, Belgium235 active companies are registered at this addressKBO/BCE: BE 0846.823.955

From the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Excelsior Seniors has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.3m and a net result of -€1.0m. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 95% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

Excelsior SeniorsActiveChecked score 93/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 25-06-2012 Normal situation
Legal form: Public limited company
Registered office: Marnixlaan 23, 1000 Brussel
Activity: Renting and operating of own or leased residential real estate, excluding social housing NACE 68201
Establishment unit: 2.210.835.876 1000 Brussel, since 22-06-2012
Financial year end: 31 December
Peppol: Not found in the Peppol Directory

Company details

Board and ownership

Board

Rendall DavidDirector · since 31-07-2021
Peter Kenneth MorganDirector · since 16-04-2025

Auditor: SRL DELOITTE Réviseurs d'Entreprises

Shareholders

PFA EUROPE REAL ESTATE LOW A/S FC100%annual accounts 2025
PFA EUROPE REAL ESTATE LOW A/S c/o PFA Pension, forsikringsaktieselskabconsolidatesannual accounts 2025

Board & ownership

Financial position

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Gross margin: €883,326; ▲ 4.1%
Turnover: ≈ €990,000; estimated
Loss: €1.0m; ▼ 85.1%
Equity: €17.3m; ▼ 5.7%
Total assets: €17.6m; ▼ 4.4%

2025 accounts filed 25 days before the deadline

Filed on 06-07-2026at the National Bank

Financials

Score breakdownraises riskLiquidity: current ratio 15.38, cash €226,956, halvedLoss of €1.0m, the second in a row (financial year 2025)lowers riskSize: total assets €17.6mFigures for financial year 2025 (filed on 06-07-2026)Show the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 48% of medium-sized companies in real estate (NACE 68)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Average

Solvency 100=

equity 98.4% of total assets

Liquidity 52-1

short-term debt 0.1% · cash 1.3%

Profitability 11+11

return on assets -5.9%

Bankruptcy probability within 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,722 companies, NACE 68, medium-sized)

Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.1%▼ -0.2 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value

Credit of up to €1,600,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 15.38 (12.72 in 2024), above the usual 1.5. Short-term debt is 0.1% and cash 1.3% of total assets. 1.6% of the assets are financed with debt and provisions.

Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, medium-sized). It does better than 92% of them on solvency, 70% on liquidity, 5% on profitability and 25% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Size: total assets €17.6m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Liquidity: current ratio 15.38, cash €226,956, halved

NBB · annual accounts

Loss of €1.0m, the second in a row (financial year 2025)

NBB · annual accounts

Figures for financial year 2025 (filed on 06-07-2026)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€1.0m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

25 days early

2024

7 days late

2023

15 days early

2022

78 days late

2021

67 days late

2020

54 days early

2019

44 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 7 August (4 of the last 5 filed years within 60 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Key points

Caution: Lower net result than 95% of companies in real estatesector median €20,550 · 5,796 companies -€1.0m View
Positive: Result rose in 2025from -€7.0m to -€1.0m ▲ 85.1% View
Caution: 2 loss-making years in a rowloss in financial year 2025 -€1.0m View

Documents

Key facts about Excelsior Seniors

What is the company number of Excelsior Seniors?: The company number of Excelsior Seniors is 0846.823.955. The VAT number is the same number with BE in front: BE 0846.823.955.
Where is Excelsior Seniors based?: The registered office is at Marnixlaan 23, 1000 Brussel.Company details
What does Excelsior Seniors do?: According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
What is the legal form of Excelsior Seniors?: The legal form of Excelsior Seniors is Public limited company (NV).
When was Excelsior Seniors founded?: Excelsior Seniors was founded on 25-06-2012.
Is Excelsior Seniors still active?: Yes, Excelsior Seniors is an active enterprise in the KBO register.
What is the turnover of Excelsior Seniors?: The turnover in financial year 2025 is ≈ €990,000. This figure is estimated from the gross margin of €883,326 and 38 comparable companies (NACE 68201). It probably lies between €890,000 and €1.1m.Financials
Is Excelsior Seniors profitable?: In financial year 2025, Excelsior Seniors made a loss of €1.0m.
Where can I find the annual accounts of Excelsior Seniors?: Excelsior Seniors filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Excelsior Seniors due?: Excelsior Seniors must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Comparable companies

These companies have the same main activity as Excelsior Seniors: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €17m and €23m, founded between 2010 and 2013.

Company	Total assets	Gross margin
Excelsior Seniors Brussel	€17.6m	€0.9m
Vastgoed Albe Ukkel	€20.5m	€0.8m
TACK IMMOBILIEN Zwalm	€16.9m	€1.0m
JANTHO Antwerpen	€18.5m	€1.0m
Residentie De Oude Melkerij Schoten	€17.6m	€0.9m
EURO HOMES Brussel	€22.8m	€1.0m
Edegem 3 Eiken Ukkel	€17.3m	€1.2m