Xcellent
Dissolution or liquidationSummary
The KBO register records for Xcellent the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €786,346 and a net result of -€52,225.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€52,225
2020 · €64,490
Working capital
€780,844▼ 6.2%
2020 · €832,554
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€83,874-€100,144▲ 19.4%-€27,649
Net result€48,037-€64,490▲ 34.3%-€52,225
Equity€774,080-€838,571▲ 8.3%€786,346▼ 6.2%
Total assets€1.2m-€1.0m▼ 12.0%€1.1m▲ 2.8%
Debt€410,288-€203,549▼ 50.4%€284,783▲ 39.9%
Working capital€762,894-€832,554▲ 9.1%€780,844▼ 6.2%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €27,649 after €100,144 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €1.1m
Fixed assets
€5,502 ▼ 8.6%
Current assets
€1.1m ▲ 2.8%
Equity and liabilities €1.1m
Equity
€786,346 ▼ 6.2%
Debt
€284,783 ▲ 39.9%
Debt's share of the balance-sheet total rises from 19.5% to 26.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€27,133▼
2020 · €101,659
Cash flow
-€51,710▼
2020 · €66,006
Current ratio
3.74▼
2020 · 5.09
Debt to equity
0.36
ROE
-6.6%▼
2020 · 7.7%
ROA
-4.9%▼
2020 · 6.2%
Interest coverage
-4.28
Debt ≤ 1 year
€284,783▲
2020 · €203,549
Income taxes
€18,236▼
2020 · €29,975
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,746 | €1,516 | €515 | ▼ 66.0% |
| Other operating charges640/8 | - | - | €8,365 | - |
| Non-recurring operating charges66A | - | - | €144,396 | - |
| Gross operating margin9900 | €109,854 | €102,212 | €125,628 | ▲ 22.9% |
| Operating profit (loss)9901 | €83,874 | €100,144 | -€27,649 | ▼ 128% |
| Financial income75/76B | - | - | €2 | - |
| Recurring financial income75 | €2,264 | - | €2 | - |
| Financial charges65/66B | - | - | €6,342 | - |
| Recurring financial charges65 | €8,272 | €5,679 | €6,342 | ▲ 11.7% |
| Profit (loss) for the period before taxes9903 | €77,866 | €94,465 | -€33,989 | ▼ 136% |
| Income taxes67/77 | €29,829 | €29,975 | €18,236 | ▼ 39.2% |
| Profit (loss) for the period9904 | €48,037 | €64,490 | -€52,225 | ▼ 181% |
| Profit (loss) for the period to be appropriated9905 | €48,037 | €64,490 | -€52,225 | ▼ 181% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.2m | €1.0m | €1.1m | ▲ 2.8% |
| Fixed assets21/28 | €11,186 | €6,017 | €5,502 | ▼ 8.6% |
| Intangible fixed assets21 | €0 | - | - | - |
| Tangible fixed assets22/27 | €6,200 | €1,031 | €515 | ▼ 50.0% |
| Plant, machinery and equipment23 | - | - | €235 | - |
| Furniture and vehicles24 | - | - | €280 | - |
| Financial fixed assets28 | €4,986 | €4,986 | €4,986 | = |
| Current assets29/58 | €1.2m | €1.0m | €1.1m | ▲ 2.8% |
| Amounts receivable after more than one year29 | - | - | €940,466 | - |
| Other amounts receivable291 | - | - | €940,466 | - |
| Amounts receivable within one year40/41 | €1.1m | €1.0m | €85,881 | ▼ 91.6% |
| Trade receivables40 | - | - | €38,803 | - |
| Other amounts receivable41 | - | - | €47,077 | - |
| Cash at bank and in hand54/58 | €27,177 | €11,239 | €39,281 | ▲ 250% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.2m | €1.0m | €1.1m | ▲ 2.8% |
| Equity10/15 | €774,080 | €838,571 | €786,346 | ▼ 6.2% |
| Contributions10/11 | €18,600 | - | €18,600 | - |
| Revaluation surpluses12 | - | - | €324 | - |
| Reserves13 | €333,860 | €333,860 | €333,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | - | - | €1,860 | - |
| Distributable reserves133 | - | - | €332,000 | - |
| Profit (loss) carried forward14 | €421,297 | €485,787 | €433,562 | ▼ 10.8% |
| Amounts payable17/49 | €410,288 | €203,549 | €284,783 | ▲ 39.9% |
| Amounts payable within one year42/48 | €410,288 | €203,549 | €284,783 | ▲ 39.9% |
| Trade debts44 | €152,205 | €36,971 | €52,146 | ▲ 41.0% |
| Suppliers440/4 | - | - | €52,146 | - |
| Taxes, remuneration and social security45 | - | - | €223,123 | - |
| Taxes450/3 | - | - | €118,217 | - |
| Remuneration and social security454/9 | - | - | €104,906 | - |
| Other amounts payable47/48 | - | - | €9,514 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,037 | €64,490 | -€52,225 | ▼ 181% |
| + Depreciation and write-downs630 | €5,746 | €1,516 | €515 | ▼ 66.0% |
| Operating cash flow (approximation) | €53,783 | €66,006 | -€51,710 | ▼ 178% |
| Investment in fixed assets (approximation) | - | €3,653 | €0 | ▼ 100% |
| Change in cash | - | -€15,938 | €28,043 | ▲ 276% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
03-04
KBO administration
Late accounts filing
2024
17-07
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Mons · event 09-07-2024
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 484 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 165 days late
30-06
Financial
Weakest financial yearnet -€52,225
Net result drops to -€52,225, the lowest in the series.
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 390 days late
2020
30-06
Financial
Highest result since 2019net €64,490 ▲34.3%
Operating result €100,144, net result €64,490, both a record.
2018
14-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 14 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2015
15-01
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
06-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 187 days late
2013
19-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 47 days late
2012
12-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 133 days late
2011
22-02
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, La Louvière · 1 establishment unit since 1986
Ground area
8,886 m²
Building footprint
92 m²
Volume, LiDAR
576 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LE POINT GOURMAND
since 19862.037.324.850
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372C0057/00S007 | Wallonia | 8,043 m² | - | - |
| 55573C0038/00M000 | Wallonia | 843 m² | 1 · 91 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-12-1984
Fiscal year end30-06
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.