Financials
- Fiscal year
- 2025
- Total assets
- €210,994
- Loss
- -€77,650
- Solvency
- -104.0%
EXELLCO
ActiveSummary
EXELLCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€219,429) and a net result of -€77,650. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Activity
Agents specialised in the wholesale of other particular products
NACE 46180NACE 51180
1 site
Size
€210,994total assets 2025
- Equity
- -€219,429
- Loss
- -€77,650
Turnover not published (abridged schema)
Structure
Accounts 23 d early0 of 3 deeds read
Why 52Capped at 59: negative equity- Loss of €77,650, the second in a row (FY 2025)- Negative equity -€219,429+ Size: total assets €210,994+ Founded in 2007Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 7% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -104.0% of total assets
Liquidity
3+1
short-term debt 198.5% · cash 2.6%
Profitability
0=
return on assets -36.8%
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 18 months
05-2025: 1.2%
06-2025: 1.2%▼ -2.5% vs 05-2025lowest value
07-2025: 1.3%▲ +10.9% vs 06-2025
08-2025: 1.5%▲ +12.9% vs 07-2025
09-2025: 1.5%● 0.0% vs 08-2025
10-2025: 1.5%● 0.0% vs 09-2025
11-2025: 1.5%● 0.0% vs 10-2025
12-2025: 1.5%● 0.0% vs 11-2025
01-2026: 1.5%▼ -1.0% vs 12-2025
02-2026: 1.5%▲ +1.6% vs 01-2026highest value
03-2026: 1.5%▼ -2.2% vs 02-2026
04-2026: 1.5%▲ +0.2% vs 03-2026
05-2026: 1.4%▼ -4.4% vs 04-2026
06-2026: 1.4%▼ -2.4% vs 05-2026
07-2026: 1.4%▲ +4.7% vs 06-2026
08-2026: 1.4%▼ -4.3% vs 07-2026
09-2026: 1.4%● 0.0% vs 08-2026
10-2026: 1.4%● 0.0% vs 09-2026
- Size: total assets €210,994 lowers the probability for this profile
- Loss of €77,650, the second in a row (FY 2025) raises the probability
- Negative equity -€219,429 raises the probability
- Founded in 2007 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.29 against 0.37 in 2024; short-term debt: 198.5% and cash: 2.6% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 6%, profitability 6%, growth against the median 9%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€219,429
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
24 d early
2023
36 d early
2022
5 d early
2021
33 d early
2020
3 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Weakest financial yearnet -€82,502
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€219,429 View
- Risk: 3 loss-making years in a rowloss fiscal year 2025 -€77,650 View
- Caution: Among the weakest 5% on net resultsector median €5,605 · 12,356 companies -€77,650 View
- Caution: Equity fell in 2025from -€141,779 to -€219,429 ▼ 54.8% View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 08-07-2026Annual accounts filed
- 07-07-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents specialised in the wholesale of other particular…NACE 46180
- Founded
- 02-11-2007
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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