Industries eXcellence

Active

Private limited companyfounded 200818 yrs activeKasteelhoekstraat 1, 1820 Steenokkerzeel, BelgiumKBO/BCE: BE 0898.769.534

Industries eXcellence has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €834k and a net result of €-71k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 480 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

60 / 100

Healthy

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

Axes · tick = 2023

Profitability16▲+3

Solvency53▲+22

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €50k at 30 days acceptable

Liquidity tight (current ratio 1.49 against 1.06 in 2023; short-term debt: 65.8% and cash: 38% of total assets), and 72% 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

Six 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 63

Relative position

BE, all sectors

reference

Sector 63

lower

← fewer bankruptcies more bankruptcies →

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

28%

Return on assets

-2.4%

Age of the figures

21 mo

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

182021222324

2018 to 2024 · latest year €834k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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

55 d late

2023

147 d late

2022

14 d early

2021

11 d late

2020

58 d late

2019

55 d late

← 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

€834k▲ 439%

2023 · €155k

2018: €-1.61M 2020: €384k 2021: €106k 2022: €275k 2023: €155k

2018 → 2024

Total assets

€2.98M▲ 13.2%

2023 · €2.63M

2018: €3.41M 2020: €1.79M 2021: €1.60M 2022: €1.82M 2023: €2.63M

2018 → 2024

Net result

€-71k▲ 41.0%

2023 · €-120k

2018: €-1.20M 2020: €-328k 2021: €-279k 2022: €169k 2023: €-120k

2018 → 2024

Working capital

€970k▲ 569%

2023 · €145k

2018: €664k 2020: €420k 2021: €100k 2022: €250k 2023: €145k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€384k-€106k▼ 72.5%€275k▲ 161%€155k▼ 43.7%€834k▲ 439%

Operating result€-304k-€-258k▲ 15.3%€182k€-98k€-20k▲ 79.2%

Net result€-328k-€-279k▲ 15.0%€169k€-120k€-71k▲ 41.0%

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 €20k in 2024 against €98k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €2.98M

98.3%

Fixed assets €49k▼ 11.5%

Current assets €2.93M▲ 13.7%

Equity and liabilities €2.98M

28.0%

72.0%

Equity €834k▲ 439%

Debt €2.15M▼ 13.4%

The debt ratio falls from 94.1% to 72.0%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-14k▲

2023 · €-89k

Cash flow

€-65k▲

2023 · €-111k

Solvency

28.0%▲

2023 · 5.9%

Current ratio

1.49▲

2023 · 1.06

Quick ratio

1.49▲

2023 · 1.06

Debt / equity

2.57▼

2023 · 16.00

ROE

-8.5%▲

2023 · -77.6%

ROA

-2.4%▲

2023 · -4.6%

Interest coverage

-0.25▲

2023 · -3.42

Debt

€2.15M▼

2023 · €2.48M

Debt ≤ 1 year

€1.96M▼

2023 · €2.43M

Income taxes

€3k▼

2023 · €4k

Staff costs

€1.21M▼

2023 · €1.31M

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€2.63M€2.98M▲

Fixed assets21/28€56k€49k▼

Tangible fixed assets22/27€15k€9k▼

Furniture and vehicles24€15k€9k▼

Other tangible fixed assets26€0-

Financial fixed assets28€40k€40k=

Current assets29/58€2.58M€2.93M▲

Amounts receivable within one year40/41€1.86M€1.60M▼

Trade receivables40€1.86M€1.60M▼

Other amounts receivable41€50€7k▲

Cash at bank and in hand54/58€707k€1.13M▲

Deferred charges and accrued income490/1€9k€195k▲

Equity and liabilities

Total equity and liabilities10/49€2.63M€2.98M▲

Equity10/15€155k€834k▲

Contributions10/11€912k€1.66M▲

Reserves13€2k€2k=

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€-759k€-830k▼

Amounts payable17/49€2.48M€2.15M▼

Amounts payable within one year42/48€2.43M€1.96M▼

Trade debts44€2.11M€1.73M▼

Suppliers440/4€2.11M€1.73M▼

Taxes, remuneration and social security45€325k€233k▼

Taxes450/3€76k€6k▼

Remuneration and social security454/9€249k€227k▼

Accrued charges and deferred income492/3€46k€186k▲

Income statement Code20232024

Remuneration, social security and pensions62€1.31M€1.21M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€6k▼

Other operating charges640/8€1k€12k▲

Gross operating margin9900€1.22M€1.21M▼

Operating profit (loss)9901€-98k€-20k▲

Financial income75/76B€8k€10k▲

Recurring financial income75€8k€10k▲

Financial charges65/66B€26k€57k▲

Recurring financial charges65€26k€57k▲

Profit (loss) for the period before taxes9903€-117k€-68k▲

Income taxes67/77€4k€3k▼

Profit (loss) for the period9904€-120k€-71k▲

Profit (loss) for the period to be appropriated9905€-120k€-71k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-759k€-830k▼

Profit (loss) brought forward from the previous period14P€-639k€-759k▼

Social balance

Average headcount (FTE)908713.111.2▼

The notes to these accounts (12 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 14Financial 4Filings 10

2025

24-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 55 days late

2024

31-12

Financial Equity above €500kEq €834k ▲439%

Equity rises from €155k to €834k.

25-12

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 147 days late

2023

17-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Back to profitnet €169k

Net result €169k after 3 loss-making years.

31-12

Financial Equity above €200kEq €275k ▲161%

Equity rises from €106k to €275k.

11-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 11 days late

2021

27-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 58 days late

2020

31-12

Financial Equity above €200kEq €384k

Equity rises from €-1.61M to €384k.

24-09

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 55 days late

2019

22-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

27-07

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

19 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, Steenokkerzeel · 1 establishment unit since 2008

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.

Kasteelhoekstraat 11820 Steenokkerzeel

Ground area

7,205 m²

Building footprint

1,218 m²

Parcel 23065B0090/00C000, Flanders. Linked by address, not a title deed.

1 establishment unit