EXCESS RETURN
ActiveSummary
EXCESS RETURN has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218,574 and a net result of €10,780. Equity has been growing by about 7.3% per year since 2018. Its solvency ranks better than 32% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-08-2000 Normal situation
- Registered office
- 90 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Computer consultancy and computer facilities management NACE 62200and 1 other
- Establishment unit
- 2.098.588.763 1040 Etterbeek, since 11-03-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Board and ownership
- EDOCEODirector · permanent representative TAOUFIK Omar
- TAOUFIK OmarDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €18,596
- ▼ 65.0%
- Turnover
- ≈ €99,000
- estimated
- Profit
- €10,780
- ▼ 73.0%
- Equity
- €218,574
- ▼ 9.2%
- Total assets
- €584,622
- ▼ 22.0%
- 2025 accounts filed 20 days after the deadline
Score breakdownraises riskLast filed accounts filed 20 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 1.62, cash €550,342Size: total assets €584,622Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 62, micro). It does better than 34% of them on solvency, 51% on liquidity, 29% on profitability and 31% on growth.
The bankruptcy probability was computed on 02-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 6 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00410629.
Annual accounts 2025 filed on 20-08-2026 at the NBB all 26 filings
Every figure per financial year
The operating result for 2025 is 66% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,332 | - | - | - | - |
| Financial fixed assets | €1,108 | - | - | - | - |
| Depreciation and write-downs of the year | €898 | €1,027 | €999 | €133 | €133 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €29 | €898 | €1,027 | €999 | €133 | €133 | = |
| Other operating charges640/8 | - | - | - | €759 | €461 | €677 | €458 | €473 | ▲ 3.3% |
| Gross operating margin9900 | €106,786 | €60,224 | €24,266 | €8,257 | €22,377 | €44,824 | €53,127 | €18,596 | ▼ 65.0% |
| Operating profit (loss)9901 | €30,676 | €38,009 | €24,203 | €6,601 | €20,889 | €43,148 | €52,536 | €17,990 | ▼ 65.8% |
| Financial income75/76B | - | - | - | €24 | €0 | €180 | €2,704 | €2,881 | ▲ 6.5% |
| Recurring financial income75 | €17 | €15 | €8 | €24 | €0 | €180 | €2,704 | €2,881 | ▲ 6.5% |
| Financial charges65/66B | - | - | - | €367 | €498 | €499 | €672 | €622 | ▼ 7.4% |
| Recurring financial charges65 | €231 | €213 | €341 | €367 | €498 | €499 | €672 | €622 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | €30,461 | €37,812 | €23,869 | €6,257 | €20,391 | €42,829 | €54,569 | €20,249 | ▼ 62.9% |
| Income taxes67/77 | €11,900 | €13,840 | €7,666 | €5,000 | €1,114 | €15,000 | €14,608 | €9,469 | ▼ 35.2% |
| Profit (loss) for the period9904 | €18,561 | €23,972 | €16,203 | €1,257 | €19,278 | €27,829 | €39,961 | €10,780 | ▼ 73.0% |
| Profit (loss) for the period to be appropriated9905 | €18,561 | €23,972 | €16,203 | €1,257 | €19,278 | €27,829 | €39,961 | €10,780 | ▼ 73.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €281,974 | €354,205 | €411,895 | €343,311 | €404,926 | €593,184 | €749,151 | €584,622 | ▼ 22.0% |
| Fixed assets21/28 | €2,072 | €2,072 | €4,726 | €6,268 | €5,240 | €4,241 | €4,108 | €3,975 | ▼ 3.2% |
| Tangible fixed assets22/27 | - | - | €2,654 | €3,088 | €2,061 | €1,062 | €929 | €795 | ▼ 14.3% |
| Furniture and vehicles24 | - | - | - | €3,088 | €2,061 | €1,062 | €929 | €795 | ▼ 14.3% |
| Financial fixed assets28 | €2,072 | €2,072 | €2,072 | €3,180 | €3,180 | €3,180 | €3,180 | €3,180 | = |
| Current assets29/58 | €279,902 | €352,133 | €407,169 | €337,043 | €399,686 | €588,942 | €745,043 | €580,647 | ▼ 22.1% |
| Amounts receivable within one year40/41 | €70,718 | €48,342 | €21,406 | €24,489 | €16,320 | €63,427 | €24,079 | €30,306 | ▲ 25.9% |
| Trade receivables40 | - | - | - | €10,483 | €4,241 | €47,299 | €4,369 | €22,542 | ▲ 416% |
| Other amounts receivable41 | - | - | - | €14,007 | €12,079 | €16,128 | €19,710 | €7,764 | ▼ 60.6% |
| Cash at bank and in hand54/58 | €209,183 | €303,791 | €385,763 | €312,392 | €383,366 | €525,516 | €720,964 | €550,342 | ▼ 23.7% |
| Deferred charges and accrued income490/1 | - | - | - | €162 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €281,974 | €354,205 | €411,895 | €343,311 | €404,926 | €593,184 | €749,151 | €584,622 | ▼ 22.0% |
| Equity10/15 | €138,793 | €162,764 | €178,968 | €180,225 | €199,503 | €213,332 | €240,793 | €218,574 | ▼ 9.2% |
| Contributions10/11 | €86,300 | €86,300 | - | €86,300 | €86,300 | €86,300 | €86,300 | €86,300 | = |
| Reserves13 | €15,890 | €28,390 | €43,390 | €43,390 | €61,390 | €71,390 | €97,890 | €75,670 | ▼ 22.7% |
| Non-distributable reserves130/1 | - | - | - | €1,890 | €1,890 | €1,890 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,890 | €1,890 | €1,890 | - | - | - |
| Distributable reserves133 | - | - | - | €41,500 | €59,500 | €69,500 | €97,890 | €75,670 | ▼ 22.7% |
| Profit (loss) carried forward14 | €36,603 | €48,074 | €49,278 | €50,535 | €51,813 | €55,642 | €56,603 | €56,603 | = |
| Amounts payable17/49 | €143,181 | €191,441 | €232,927 | €163,085 | €205,423 | €379,851 | €508,358 | €366,049 | ▼ 28.0% |
| Amounts payable after more than one year17 | - | - | - | - | - | €7,862 | €1,235 | €7,938 | ▲ 543% |
| Other amounts payable178/9 | - | - | - | - | - | €7,862 | €1,235 | €7,938 | ▲ 543% |
| Amounts payable within one year42/48 | €143,181 | €191,441 | €232,927 | €163,085 | €205,423 | €371,989 | €507,123 | €358,111 | ▼ 29.4% |
| Trade debts44 | €121,181 | €174,202 | €228,935 | €158,230 | €201,614 | €351,414 | €484,294 | €314,782 | ▼ 35.0% |
| Suppliers440/4 | - | - | - | €158,230 | €201,614 | €351,414 | €484,294 | €314,782 | ▼ 35.0% |
| Taxes, remuneration and social security45 | - | - | - | €2,774 | €1,800 | €6,575 | €10,954 | €12,249 | ▲ 11.8% |
| Taxes450/3 | - | - | - | €2,774 | €1,800 | €6,575 | €10,954 | €12,249 | ▲ 11.8% |
| Other amounts payable47/48 | - | - | - | €2,082 | €2,009 | €14,000 | €11,875 | €31,080 | ▲ 162% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,561 | €23,972 | €16,203 | €1,257 | €19,278 | €27,829 | €39,961 | €10,780 | ▼ 73.0% |
| + Depreciation and write-downs630 | - | - | €29 | €898 | €1,027 | €999 | €133 | €133 | = |
| Operating cash flow (approximation) | €18,561 | €23,972 | €16,232 | €2,155 | €20,305 | €28,828 | €40,094 | €10,914 | ▼ 72.8% |
| Investment in fixed assets (approximation) | - | €0 | -€2,682 | -€2,439 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €94,608 | €81,971 | -€73,371 | €70,974 | €142,150 | €195,448 | -€170,622 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as EXCESS RETURN has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EXCESS RETURN itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for EXCESS RETURN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00410629 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00471772 | |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00386106 | |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00197968 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20393605 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23800421 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-38900289 | |
| 31-12-2018 | micro format | 17-09-2019 | 2019-64600571 | |
| 31-12-2017 | micro format | 22-08-2018 | 2018-48400424 | |
| 31-12-2016 | micro format | 25-08-2017 | 2017-47700342 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Capital transactions
- 02-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| EDOCEO |
|
| TAOUFIK Omar |
|
Network & group
Companies at the same address
89 other companies- FNRCK Max Establishment · since 2026 0881017148
- AboutCode Foundation Registered office · since 2025 1030023303
- ONE AGRICULTURE Registered office · since 2025 1026989973
- TrustMatters Registered office · since 2025 1023906858
- DevNation Establishment · since 2025 1009718530
- TELESTES CONSULTING Registered office · since 2024 1017374897
- SensorHub Registered office · since 2024 1014398680
- AlVaTech Establishment · since 2024 1011475517
- Europa Consulting Registered office · since 2024 1010779887
- PRIMENTO MARKETING SOLUTIONS Registered office · since 2024 1009779106
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
02-01
Gazette deed
Resignation: TAOUFIK Omar (director)Appointments: TAOUFIK Omar (director) and EDOCEO (director) · Permanent representative: TAOUFIK Omar · Registered office clause15 points ▸
- Other provision, “autorisations préalables, société dans exercice objet pourrait devoir obtenir attestations,autorisations ou licences préalables en raison règles administratives” (deed in French)
- General meeting, “assurer dépôt au dossier société, établir et signer coordination statuts conformément décision précédente” (deed in French)
- Registered office clause, “1040 Etterbeek,rue des Pères Blancs 4, sixième résolution” (deed in French)
- Director resignation, TAOUFIK Omar
- Director appointment, TAOUFIK Omar (director (not named in the articles))
- Director appointment, EDOCEO (director (not named in the articles))
- Permanent representative, TAOUFIK Omar
- Director discharge, TAOUFIK Omar
- General meeting, 13-12-2023
- Other provision, “adaptation statuts au CSA et conservation forme SRL, adapter statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- Le développement et la programmation,sous quelque support que ce soit,d'outils informatiques et de logiciels à caractère économique,financier,boursier,industriel,commercial ou comptable.
- La distribution,vente,exploitation,cession,concession ou location de logiciels et de know-how informatique.
- La consultance,l'expertise,la formation,l'enseignement et l'assistance dans le domaine économique,financier,informatique,artistique,immobilier ou comptable.
- La mise à disposition,distribution ou vente,de contenus,d'indication ou d'informations publiques à caractère économique,financier,informatique,artistique,immobilier,ou comptable ;
- La société eut,d'une façon générale,accomplir toutes opérations commerciales,industrielles,financières,civiles,mobilières et immobilières se rapportant directement ou indirectement,entièrement ou partiellement,à son objet social ou qui seraient de nature à en faciliter directement ou indirectement,entièrement ou partiellement,la réalisation.
- Elle peut s'intéresser par voie d'apport,de fusion,de souscription,ou de toute autre manière dans toutes affaires,entreprises,associations ou société ayant un objet identique,analogue ou connexe au sien ou qui sont de nature à favoriser le développement de son entreprise,à lui procurer des matières premières ou à faciliter l'écoulement de ses produits ou servies.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0348/00A002 | Brussels | 3,170 m² | 1 · 2,221 m² | 12.0 m · 3 |