Excelya Belgium

Active

Private limited companyfounded 200025 yrs activeGeorges Lecointelaan 50, 1180 Ukkel, BelgiumKBO/BCE: BE 0473.585.969

Excelya Belgium has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €-38k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 2152 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024

48 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability15▲+15

Solvency33=

Growth32=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.08 against 1.08 in 2023; short-term debt: 91.7% and cash: 17.2% of total assets), and 91.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 86

Relative position

BE, all sectors

reference

Sector 86

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

8.3%

Return on assets

-2.7%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 2152 sector peers (2024).

NBB · sector comparison

Position among 2152 sector peers

Solvency

better than 11%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

90 d late

2022

84 d late

2021

29 d late

2020

71 d early

2019

161 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€120k▲ 16.3%

2023 · €103k

2018: €497k 2019: €139k 2020: €246k 2021: €495k 2022: €468k 2023: €103k

2018 → 2024

Total assets

€1.44M▲ 10.5%

2023 · €1.30M

2018: €1.42M 2019: €877k 2020: €759k 2021: €1.70M 2022: €1.96M 2023: €1.30M

2018 → 2024

Net result

€-38k▲ 87.0%

2023 · €-294k

2018: €244k 2019: €200k 2020: €165k 2021: €326k 2022: €44k 2023: €-294k

2018 → 2024

Working capital

€111k▲ 20.6%

2023 · €92k

2018: €594k 2019: €243k 2020: €241k 2021: €542k 2022: €460k 2023: €92k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€246k-€495k▲ 101%€468k▼ 5.4%€103k▼ 78.0%€120k▲ 16.3%

Operating result€273k-€490k▲ 79.3%€113k▼ 76.8%€-253k€-10k▲ 96.2%

Net result€165k-€326k▲ 97.5%€44k▼ 86.4%€-294k€-38k▲ 87.0%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €10k in 2024 against €253k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.44M

99.4%

Fixed assets €8k▼ 20.8%

Current assets €1.43M▲ 10.7%

Equity and liabilities €1.44M

91.7%

Equity €120k▲ 16.3%

Debt €1.32M▲ 10.0%

The debt ratio falls from 92.1% to 91.7%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-7k▲

2023 · €-250k

Cash flow

€-36k▲

2023 · €-291k

Solvency

8.3%▲

2023 · 7.9%

Current ratio

1.08▲

2023 · 1.08

Quick ratio

1.08▲

2023 · 1.08

Debt / equity

11.02▼

2023 · 11.65

ROE

-31.9%▲

2023 · -285.6%

ROA

-2.7%▲

2023 · -22.6%

Interest coverage

-0.62▲

2023 · -13.19

Debt

€1.32M▲

2023 · €1.20M

Debt ≤ 1 year

€1.32M▲

2023 · €1.20M

Income taxes

€17k▼

2023 · €24k

Staff costs

€1.15M▼

2023 · €1.69M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€1.30M€1.44M▲

Fixed assets21/28€11k€8k▼

Intangible fixed assets21€4k€3k▼

Tangible fixed assets22/27€2k€784▼

Furniture and vehicles24€2k€784▼

Financial fixed assets28€4k€4k=

Current assets29/58€1.29M€1.43M▲

Amounts receivable within one year40/41€1.21M€1.18M▼

Trade receivables40€1.16M€1.15M▼

Other amounts receivable41€49k€34k▼

Cash at bank and in hand54/58€82k€247k▲

Equity and liabilities

Total equity and liabilities10/49€1.30M€1.44M▲

Equity10/15€103k€120k▲

Contributions10/11€19k€19k=

Reserves13€84k€101k▲

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€82k€99k▲

Profit (loss) carried forward14€0€0=

Amounts payable17/49€1.20M€1.32M▲

Amounts payable within one year42/48€1.20M€1.32M▲

Trade debts44€882k€1.06M▲

Suppliers440/4€882k€1.06M▲

Taxes, remuneration and social security45€246k€191k▼

Taxes450/3€42k€5k▼

Remuneration and social security454/9€204k€186k▼

Other amounts payable47/48€71k€72k▲

Income statement Code20232024

Remuneration, social security and pensions62€1.69M€1.15M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼

Other operating charges640/8€0-

Gross operating margin9900€1.44M€1.14M▼

Operating profit (loss)9901€-253k€-10k▲

Financial income75/76B€2k€0▼

Recurring financial income75€2k€0▼

Financial charges65/66B€19k€12k▼

Recurring financial charges65€19k€12k▼

Profit (loss) for the period before taxes9903€-270k€-22k▲

Income taxes67/77€24k€17k▼

Profit (loss) for the period9904€-294k€-38k▲

Profit (loss) for the period to be appropriated9905€-294k€-38k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-294k€-38k▲

Transfer from equity791/2€365k€90k▼

Profit to be distributed694/7€71k€52k▼

Employees696€71k€52k▼

Social balance

Average headcount (FTE)908718.114.1▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

29-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 90 days late

2023

31-12

Financial Weakest financial yearnet €-294k ▼765%

Net result drops to €-294k, the lowest in the series; recovery starts the following year.

23-10

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 84 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 29 days late

2021

31-12

Financial Highest result since 2018net €326k ▲97.5%

Operating result €490k, net result €326k, both a record.

21-05

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Equity above €200kEq €246k ▲76.7%

3 profitable years in a row build equity to €246k.

21-02

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

20-03

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

12-04

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

08-05

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

29-04

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2020

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

10-08-2020 The Clinical Company Holding B.V.: Resigned as Director

16-10-2014 Breezeholme BV: Resigned as Manager

05-11-2010 latec: Resigned as Manager

Location & real-estate footprint

Registered office, Ukkel · 1 establishment unit since 2014

establishment The establishment unit on the map

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.

Georges Lecointelaan 501180 Ukkel

Ground area

2,238 m²

Building footprint