Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
EXCOBEL from Brussel, company number BE0435633631, closed financial year 2025 with a result of € -653 after tax. For that financial year EXCOBEL recorded a gross margin of € -653 and equity of € -12,085. Compared with financial year 2024, the result moved from € -714 to € -653. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ -12,085
▼ € 653 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -653
▲ 9 % less loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -14,564.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -562 | € -611 | € -714 | € -653 | ▲ € 61 |
| Profit after taxes | € -562 | € -611 | € -714 | € -653 | ▲ € 61 |
| Equity | € -10,107 | € -10,718 | € -11,432 | € -12,085 | ▼ € 653 |
| Total debts | € 10,633 | € 11,245 | € 11,958 | € 12,611 | ▲ 5% |
| Retained profit | € -12,585 | € -13,197 | € -13,911 | € -14,564 | ▼ € 653 |
| Balance sheet total | € 527 | € 527 | € 527 | € 527 |
Key figures of EXCOBEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to EXCOBEL?
What happened at EXCOBEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 653. filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 562 loss in 2022 to € 653 loss in 2025.
A new publication or filing at EXCOBEL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind EXCOBEL are Bruno HOUTMAN, Robert BOURGUIGNON and Jean FOUARGE. Bruno HOUTMAN is also behind SECURIMED and TRUSTCO. Robert BOURGUIGNON is also behind SECURIMED.
Establishments
Establishment units
Physical locations of this company
Zuidlaan 25-27 box B1
1000 Brussel
Zuidlaan 25 2 box 1
1000 Brussel
Active since 9 November 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →TRUSTCO same network
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VIATTECH INVEST
€ 672,026 gross margin · 2025
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.633.631
- VAT number
- BE 0435.633.631
- Registered office
- Zuidlaan 25-27 bus B1, 1000 Brussel
- Names & denominations
- EXCOBEL
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 27 October 1988
- Peppol
- Not registered
- Activities · NACE
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