EXCELSUS
Absorbed by SOPHARMAFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 02-06-2025 PDF all 18 filings
Equity
€92.1m▲ 1.4%
2023 · €90.9m
Total assets
€94.6m▲ 1.7%
2023 · €93.0m
Net result
€1.7m▼ 7.7%
2023 · €1.9m
Working capital
€23.0m▲ 5.9%
2023 · €21.8m
Multi-year overview
2018 to 2024, 7 financial yearsOperating result
-€63,455
▼ 79.2%
2024
20182024
Net result
€1.7m
▼ 7.7%
2024
20182024
Equity
€92.1m
▲ 1.4%
2024
20182024
Total assets
€94.6m
▲ 1.7%
2024
20182024
Debt
€2.4m
▲ 13.8%
2024
20182024
Working capital
€23.0m
▲ 5.9%
2024
20182024
Staff (FTE)
0
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result-€0.03m--€0.02m▲ 43.0%-€0.06m▼ 210%-€0.02m▲ 67.1%-€0.02m▼ 4.5%-€0.04m▼ 78.6%-€0.06m▼ 79.2%
Net result€1.1m-€1.7m▲ 49.4%€0.9m▼ 49.4%€5.8m▲ 580%-€0.2m€1.9m€1.7m▼ 7.7%
Equity€5.5m-€7.0m▲ 29.0%€4.3m▼ 38.6%€89.5m▲ 21×€89.2m▼ 0.3%€90.9m▲ 1.9%€92.1m▲ 1.4%
Total assets€20.4m-€20.6m▲ 0.8%€10.6m▼ 48.6%€94.7m▲ 794%€91.2m▼ 3.7%€93.0m▲ 2.0%€94.6m▲ 1.7%
Debt€15.0m-€13.6m▼ 9.5%€6.3m▼ 53.8%€5.2m▼ 17.3%€2.0m▼ 61.9%€2.1m▲ 7.8%€2.4m▲ 13.8%
Working capital-€3.4m--€3.2m▲ 7.1%-€1.6m▲ 50.1%€22.1m€20.1m▼ 8.8%€21.8m▲ 8.2%€23.0m▲ 5.9%
Staff (FTE)00
The operating result for 2024 is a loss of €63,455, larger than the loss of €35,415 in 2023. It is the lowest result since 2020.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94.6m
Fixed assets
€70.9m =
Current assets
€23.7m ▲ 7.0%
Equity and liabilities €94.6m
Equity
€92.1m ▲ 1.4%
Debt
€2.4m ▲ 13.8%
Debt's share of the balance-sheet total rises from 2.3% to 2.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
36.90▼
2023 · 58.54
Debt to equity
0.03▲
2023 · 0.02
ROE
1.9%▼
2023 · 2.0%
ROA
1.8%▼
2023 · 2.0%
Debt ≤ 1 year
€641,909▲
2023 · €378,116
Debt > 1 year
€1.8m=
2023 · €1.8m
Income taxes
€125,812▼
2023 · €165,146
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.003m | €0.003m | €476 | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.008m | €0.02m | €0.03m | ▲ 53.9% |
| Gross operating margin9900 | -€0.02m | -€0.01m | -€0.05m | -€0.007m | -€0.01m | -€0.02m | -€0.03m | ▼ 109% |
| Operating profit (loss)9901 | -€0.03m | -€0.02m | -€0.06m | -€0.02m | -€0.02m | -€0.04m | -€0.06m | ▼ 79.2% |
| Financial income75/76B | - | - | - | €6.0m | €1.4m | €2.7m | €2.7m | ▼ 0.8% |
| Recurring financial income75 | €1.3m | €1.9m | €1.1m | €1.1m | €1.3m | €1.5m | €2.0m | ▲ 29.5% |
| Non-recurring financial income76B | - | - | - | €4.8m | €0.03m | €1.2m | €0.7m | ▼ 40.7% |
| Financial charges65/66B | - | - | - | €0.06m | €1.5m | €0.6m | €0.8m | ▲ 20.5% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.06m | €0.06m | €0.2m | €0.2m | €0.2m | ▲ 21.5% |
| Non-recurring financial charges66B | - | - | - | - | €1.3m | €0.5m | €0.6m | ▲ 20.1% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.8m | €0.9m | €5.9m | -€0.2m | €2.0m | €1.8m | ▼ 9.1% |
| Income taxes67/77 | €0.001m | €0.1m | €0.09m | €0.1m | €0 | €0.2m | €0.1m | ▼ 23.8% |
| Profit (loss) for the period9904 | €1.1m | €1.7m | €0.9m | €5.8m | -€0.2m | €1.9m | €1.7m | ▼ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €1.7m | €0.9m | €5.8m | -€0.2m | €1.9m | €1.7m | ▼ 7.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €20.4m | €20.6m | €10.6m | €94.7m | €91.2m | €93.0m | €94.6m | ▲ 1.7% |
| Fixed assets21/28 | €19.7m | €19.7m | €9.8m | €70.9m | €70.9m | €70.9m | €70.9m | = |
| Tangible fixed assets22/27 | €0.005m | €0.004m | €476 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - |
| Financial fixed assets28 | €19.7m | €19.7m | €9.8m | €70.9m | €70.9m | €70.9m | €70.9m | = |
| Current assets29/58 | €0.7m | €0.9m | €0.7m | €23.8m | €20.3m | €22.1m | €23.7m | ▲ 7.0% |
| Amounts receivable within one year40/41 | €0.7m | €0.9m | €0.2m | €0.02m | €0.07m | €0.2m | €0.07m | ▼ 68.9% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.07m | €0.2m | €0.07m | ▼ 68.9% |
| Current investments50/53 | - | - | - | - | €16.7m | €21.0m | €21.5m | ▲ 2.7% |
| Cash at bank and in hand54/58 | €0.02m | €0.03m | €0.5m | €23.8m | €3.5m | €0.9m | €2.1m | ▲ 121% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €20.4m | €20.6m | €10.6m | €94.7m | €91.2m | €93.0m | €94.6m | ▲ 1.7% |
| Equity10/15 | €5.5m | €7.0m | €4.3m | €89.5m | €89.2m | €90.9m | €92.1m | ▲ 1.4% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €5.4m | €7.0m | €4.3m | €89.4m | €89.2m | €90.8m | €92.1m | ▲ 1.4% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €89.4m | €89.2m | €90.8m | €92.1m | ▲ 1.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €15.0m | €13.6m | €6.3m | €5.2m | €2.0m | €2.1m | €2.4m | ▲ 13.8% |
| Amounts payable after more than one year17 | €10.8m | €9.5m | €3.9m | €3.4m | €1.8m | €1.8m | €1.8m | = |
| Financial debts170/4 | - | - | - | €3.4m | €1.8m | €1.8m | €1.8m | = |
| Amounts payable within one year42/48 | €4.1m | €4.1m | €2.3m | €1.7m | €0.2m | €0.4m | €0.6m | ▲ 69.8% |
| Trade debts44 | €0.001m | €0.002m | €0.006m | €0.002m | €0.009m | €0.009m | €0.002m | ▼ 77.6% |
| Suppliers440/4 | - | - | - | €0.002m | €0.009m | €0.009m | €0.002m | ▼ 77.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.08m | €0.2m | €0.1m | ▼ 23.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.08m | €0.2m | €0.1m | ▼ 23.8% |
| Other amounts payable47/48 | - | - | - | €1.6m | €0.1m | €0.2m | €0.5m | ▲ 152% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.003m | €0 | €0.03m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.1m | €1.7m | €0.9m | €5.8m | -€0.2m | €1.9m | €1.7m | ▼ 7.7% |
| + Depreciation and write-downs630 | €0.003m | €0.003m | €0.003m | €476 | €0 | - | - | - |
| Operating cash flow (approximation) | €1.1m | €1.7m | €0.9m | €5.8m | -€0.2m | €1.9m | €1.7m | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | -€0.001m | €9.8m | -€61.0m | €0 | €0 | €0 | - |
| Change in cash | - | €0.007m | €0.5m | €23.3m | -€20.2m | -€2.6m | €1.1m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 02-06-2025 | 2025-00119384 | |
| 31-12-2023 | abbreviated format | 08-05-2024 | 2024-00085416 | |
| 31-12-2022 | abbreviated format | 30-03-2023 | 2023-00053953 | |
| 31-12-2021 | abbreviated format | 07-07-2022 | 2022-20180815 | |
| 31-12-2020 | abbreviated format | 11-06-2021 | 2021-19500133 | |
| 31-12-2019 | abbreviated format | 07-05-2020 | 2020-11600298 | |
| 31-12-2018 | micro format | 26-06-2019 | 2019-22300561 | |
| 31-12-2017 | micro format | 10-06-2018 | 2018-17500489 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-24700464 | |
| 31-12-2015 | abbreviated format | 14-06-2016 | 2016-17300539 |