Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
EXEL from Mechelen, company number BE0443960981, closed financial year 2025 with a result of € -20,533 after tax. For that financial year EXEL recorded a gross margin of € -18,357 and equity of € 42,045. Compared with financial year 2024, the result moved from € -7,125 to € -20,533. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 2, 2026.
€ 42,045
▼ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -20,533
▼ 188 % more loss than in 2024
Profit after tax over the fiscal year.
€ 5,947
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4,861.
People and assets in 2025
€ 3,597
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 57,388
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 687
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,828 | € -5,511 | € -5,156 | € -18,357 | ▼ € 13,201 |
| Profit after taxes | € -9,148 | € -12,998 | € -7,125 | € -20,533 | ▼ € 13,409 |
| Equity | € 82,700 | € 69,703 | € 62,578 | € 42,045 | ▼ 33% |
| Total debts | € 57,182 | € 61,319 | € 56,861 | € 58,494 | ▲ 3% |
| Cash | € 14,492 | € 6,575 | € 8,698 | € 5,947 | ▼ 32% |
| Retained profit | € 45,516 | € 32,519 | € 25,394 | € 4,861 | ▼ 81% |
| Balance sheet total | € 139,882 | € 131,022 | € 119,439 | € 100,539 | ▼ 16% |
Key figures of EXEL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to EXEL?
What happened at EXEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 20,533. filed late Source: NBB ↗
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 9,148 loss in 2022 to € 20,533 loss in 2025.
Management
Behind EXEL are INGRID HEYVAERTS and PATRICK VERVLIET. INGRID HEYVAERTS is also behind B LIGHTED.
Directors
According to the 2025 annual accounts
PATRICK VERVLIET
Director
Establishments
Establishment units
Physical locations of this company
Koningin Astridlaan 226
2800 Mechelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.960.981
- VAT number
- BE 0443.960.981
- Registered office
- Koningin Astridlaan 226, 2800 Mechelen
- Names & denominations
- EXEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 April 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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