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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 25 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GROUP EXCELSIOR from Wellen, company number BE0465759752, closed financial year 2025 with a result of € -45,211 after tax. For that financial year GROUP EXCELSIOR recorded a gross margin of € 43,987 and equity of € 160,854. Compared with financial year 2024, the result moved from € -29,489 to € -45,211. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 14, 2026.
€ 160,854
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,211
▼ 53 % more loss than in 2024
Profit after tax over the fiscal year.
€ 898
▲ € 882 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 142,262.
Debts at end 2025
€ 637,873
▼ 27% vs 2024
Loans from banks and other lenders, long and short.
€ 138
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 4,646 | € 14,598 | € -21,024 | € 43,987 | ▲ € 65,011 |
| Profit after taxes | € 852 | € -37,451 | € -29,489 | € -45,211 | ▼ € 15,722 |
| Equity | € 273,004 | € 235,554 | € 206,065 | € 160,854 | ▼ 22% |
| Total debts | € 542,721 | € 1,307,861 | € 1,181,344 | € 945,880 | ▼ 20% |
| Cash | - | - | € 16 | € 898 | ▲ € 882 |
| Retained profit | € 254,412 | € 216,962 | € 187,473 | € 142,262 | ▼ 24% |
| Bank debt | € 533 | € 1,003,996 | € 877,157 | € 637,873 | ▼ 27% |
| Balance sheet total | € 815,726 | € 1,543,415 | € 1,387,409 | € 1,106,733 | ▼ 20% |
Key figures of GROUP EXCELSIOR, 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 GROUP EXCELSIOR?
What happened at GROUP EXCELSIOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 45,211. Source: NBB ↗
- Bert Kelchtermans became a director. NBB
- Jo Kelchtermans became a director. NBB
- New establishment in Wellen. KBO
- Start of the company according to the CBE. KBO
In short
From € 852 profit in 2022 to € 45,211 loss in 2025.
Paid € 85 in corporate taxes since 2022.
Best year ever: 2022, with € 852 profit.
Management
Behind GROUP EXCELSIOR are Bert Kelchtermans and Jo Kelchtermans. The same people are also behind VANBEUREN and JBK PROJECTBOUW.
Directors
According to the 2025 annual accounts
since 2011
since 2011
Establishments
Establishment units
Physical locations of this company
Dorpsstraat 47 box 2
3830 Wellen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.759.752
- VAT number
- BE 0465.759.752
- Registered office
- Dorpsstraat 47 bus 2, 3830 Wellen
- Names & denominations
- GROUP EXCELSIOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Algemene bouw van residentiële gebouwen
Optrekken van andere residentiële gebouwen en van kantoorgebouwen
Metselwerk
Installatie van isolatie
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde bouwwerkzaamheden
Uitvoeren van metsel- en voegwerken
Isolatiewerkzaamheden