Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
ARRAY OF EXCELLENCE from Zottegem, company number BE0476117669, closed financial year 2024 with a result of € 2,822 after tax. For that financial year ARRAY OF EXCELLENCE recorded revenue of € 92,098 and equity of € 90,411. Compared with financial year 2023, the result moved from € -1,660 to € 2,822. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2025.
€ 90,411
▲ 3% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,822
▲ still € 1,660 loss in 2023
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -9,589.
Debts at end 2024
€ 314,247
▼ 7% vs 2023
Loans from banks and other lenders, long and short.
€ 8,151
▲ 6% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 23,160
▲ 8% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 108,906 | € 92,098 | ▼ 15% |
| Gross margin | € 37,963 | € 57,740 | € 49,273 | € 44,641 | ▼ 9% |
| Profit after taxes | € 2,647 | € -5,829 | € -1,660 | € 2,822 | ▲ € 4,482 |
| Equity | € 95,078 | € 89,249 | € 87,589 | € 90,411 | ▲ 3% |
| Total debts | € 668,765 | € 653,708 | € 586,564 | € 556,669 | ▼ 5% |
| Cash | € 15,045 | € 3,546 | € 1,739 | - | |
| Retained profit | € -4,922 | € -10,751 | € -12,411 | € -9,589 | ▲ € 2,822 |
| Bank debt | € 401,437 | € 364,152 | € 338,749 | € 314,247 | ▼ 7% |
| Balance sheet total | € 763,843 | € 742,957 | € 674,153 | € 647,080 | ▼ 4% |
Key figures of ARRAY OF EXCELLENCE, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to ARRAY OF EXCELLENCE?
What happened at ARRAY OF EXCELLENCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 2,822. filed late Source: NBB ↗
- New establishment in Zottegem. KBO
- Start of the company according to the CBE. KBO
- Stefan Van Nieuwenhove became a director. NBB
In short
From € 2,647 profit in 2021 to € 2,822 profit in 2024.
Best year ever: 2024, with € 2,822 profit.
A new publication or filing at ARRAY OF EXCELLENCE? 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 ARRAY OF EXCELLENCE is Stefan Van Nieuwenhove. Stefan Van Nieuwenhove is also behind studio DOPE and TELESEMINAR.
Directors
According to the 2024 annual accounts
since 2001
Establishments
Establishment units
Physical locations of this company
Tweekerkenstraat 79
9620 Zottegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0476.117.669
- VAT number
- BE 0476.117.669
- Registered office
- Tweekerkenstraat 79, 9620 Zottegem
- Names & denominations
- ARRAY OF EXCELLENCE · AROFEX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2001
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
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