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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Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
Financials
Financial year 2025
EXCEL-CASH from Quaregnon, company number BE0478408552, closed financial year 2025 with a result of € 593,179 after tax. For that financial year EXCEL-CASH recorded a gross margin of € 2 million and equity of € 849,212. Compared with financial year 2024, the result moved from € 616,988 to € 593,179. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 849,212
▼ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 593,179
▼ 4% vs 2024
Profit after tax over the fiscal year.
€ 818,906
▲ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
27.9
▲ 4.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 27% vs 2024
€ 37,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 21,511
▼ 48% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 230,503
▼ 23% vs 2024
€ 107,676 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 39,362
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 139,127
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,222,265 | € 1,452,328 | € 1,778,395 | € 1,960,608 | ▲ 10% |
| Profit after taxes | € 315,789 | € 415,843 | € 616,988 | € 593,179 | ▼ 4% |
| Equity | € 1,461,098 | € 939,044 | € 1,556,032 | € 849,212 | ▼ 45% |
| Total debts | € 500,091 | € 1,157,160 | € 667,533 | € 1,691,115 | ▲ 153% |
| Cash | € 406,220 | € 460,901 | € 595,847 | € 818,906 | ▲ 37% |
| Retained profit | € 1,399,098 | € 877,044 | € 1,494,032 | € 787,212 | ▼ 47% |
| Dividend | € 332,726 | € 937,897 | € 0 | € 1,300,000 | |
| Bank debt | € 182,331 | € 345,679 | € 297,810 | € 230,503 | ▼ 23% |
| Balance sheet total | € 1,961,189 | € 2,096,204 | € 2,223,566 | € 2,540,326 | ▲ 14% |
| Employees (FTE) | 22.7 | 23.3 | 23.3 | 27.9 | ▲ 4.6 |
Key figures of EXCEL-CASH, 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 EXCEL-CASH?
What happened at EXCEL-CASH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- LORNA became a director. NBB
- CHAMAR SRL became a director. NBB
- New establishment in Mons. KBO
- New establishment in Mouscron. KBO
- New establishment in Tournai. KBO
- Start of the company according to the CBE. KBO
In short
From € 315,789 profit in 2022 to € 593,179 profit in 2025.
Paid € 648,948 in corporate taxes since 2022.
Best year ever: 2024, with € 616,988 profit.
On average € 70,300 of value added per employee in 2025.
Management
Behind EXCEL-CASH are LORNA and CHAMAR SRL. The shares are held by LORNA and CHAMAR.
Directors
According to the 2025 annual accounts
since 2018
since 2018
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Jules Destrée 421
7390 Quaregnon
Rue de la Taverne de Maire(FRY) 21
7503 Tournai
Active since 21 October 2002
Liessestraat 96
7700 Mouscron
Active since 31 October 2002
Rue d'Havré 67
7000 Mons
Active since 1 October 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0478.408.552
- VAT number
- BE 0478.408.552
- Registered office
- Rue Jules Destrée 421, 7390 Quaregnon
- Names & denominations
- EXCEL-CASH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2002
- Peppol
- Active · Active since 14 Jul 2025
- Activities · NACE
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