EXEL - HOF
ActiveEXEL - HOF has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €409k and a net result of €8k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 1721 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-53
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 20.04 against 13.87 in 2024), and 23.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.7%
Return on assets
1.5%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
on the day
2023
26 d early
2022
16 d late
2021
17 d late
2020
37 d early
2019
48 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€172k
EBIT margin
14.0%
Net result
€8k▼ 46.3%
2024 · €15k
2018: €31k
2019: €28k
2020: €-92k
2021: €130k
2022: €7k
2023: €7k
2024: €15k
2018 → 2025
Working capital
€253k▼ 5.6%
2024 · €268k
2018: €106k
2019: €126k
2020: €101k
2021: €154k
2022: €166k
2023: €214k
2024: €268k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€172k
Equity€372k-€379k▲ 1.8%€386k▲ 1.9%€401k▲ 3.9%€409k▲ 2.0%
Operating result€138k-€10k▼ 92.6%€11k▲ 8.8%€24k▲ 115%€13k▼ 46.0%
Net result€130k-€7k▼ 94.8%€7k▲ 6.5%€15k▲ 108%€8k▼ 46.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €533k
Fixed assets
€267k▲ 1.5%
Current assets
€267k▼ 7.8%
Equity and liabilities €533k
Equity
€409k▲ 2.0%
Debt
€124k▼ 17.6%
The debt ratio falls from 27.3% to 23.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€43k▼
2024 · €50k
Cash flow
€38k▼
2024 · €41k
Solvency
76.7%▲
2024 · 72.7%
Current ratio
20.04▲
2024 · 13.87
Quick ratio
1.52▼
2024 · 2.48
Debt / equity
0.30▼
2024 · 0.38
ROE
2.0%▼
2024 · 3.7%
ROA
1.5%▼
2024 · 2.7%
Interest coverage
56.09▼
2024 · 218.71
Debt
€124k▼
2024 · €151k
Debt ≤ 1 year
€13k▼
2024 · €21k
Debt > 1 year
€109k▼
2024 · €130k
Income taxes
€4k▼
2024 · €7k
Staff costs
€19k▼
2024 · €19k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€552k€533k▼
Fixed assets21/28€263k€267k▲
Tangible fixed assets22/27€263k€267k▲
Land and buildings22€242k€233k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€13k€26k▲
Current assets29/58€289k€267k▼
Stocks and contracts in progress3€238k€246k▲
Stocks30/36€238k€246k▲
Amounts receivable within one year40/41€10k€11k▲
Trade receivables40€1k€3k▲
Other amounts receivable41€9k€8k▼
Cash at bank and in hand54/58€38k€6k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€552k€533k▼
Equity10/15€401k€409k▲
Contributions10/11€92k€92k=
Capital10€92k€92k=
Issued capital100€92k€92k=
Reserves13€309k€317k▲
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€300k€308k▲
Amounts payable17/49€151k€124k▼
Amounts payable after more than one year17€130k€109k▼
Financial debts170/4€130k€109k▼
Amounts payable within one year42/48€21k€13k▼
Current portion of amounts payable after more than one year42-€5k
Trade debts44€10k€378▼
Suppliers440/4€10k€378▼
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€7k€2k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€172k-
Goods, raw materials, services and sundry goods60/61€124k-
Remuneration, social security and pensions62€19k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€30k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€73k€68k▼
Operating profit (loss)9901€24k€13k▼
Financial charges65/66B€2k€774▼
Recurring financial charges65€229€774▲
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€22k€12k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€15k€8k▼
Profit (loss) for the period to be appropriated9905€15k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€8k▼
Transfer to equity691/2€15k€8k▼
To other reserves6921€15k€8k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 13.87
Current ratio from 6.14 to 13.87; short-term debt falls from €42k to €21k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-12
Financial
Back to profitnet €130k
Net result €130k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-92k ▼426%
Net result drops to €-92k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Hechtel-Eksel · 1 establishment unit since 1999
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.
Ruitersbaan 163940 Hechtel-EkselGround area
930 m²
Building footprint
198 m²
Volume, LiDAR
957 m³
Parcel 72006F0408/00E004, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EXEL-HOF
since 19992.090.505.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72006F0408/00E004 | Flanders | 930 m² | 1 · 198 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
3 endedSimilar companies · same sector, comparable size
MKK
BE 0447.958.767
Turnhout · Eq €410k
PACHTERSBOS
BE 0846.277.389
Aalst · Eq €405k
GS Stables
BE 0846.444.566
Nivelles · Eq €404k
BIJ DEN BOER
BE 0774.965.068
Wingene · Eq €414k
Lumaco
BE 0403.649.167
Balen · Eq €402k
Of 1,947 companies in sector 01430 we hold annual accounts for 739. 466 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-10-1998
Fiscal year end31-12
Activities, NACEBEL
01220
01430Raising of horses and other equines
01450Raising of sheep and goats
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.