Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EXCELATED from Laarne, company number BE0564824862, closed financial year 2025 with a result of € 5,883 after tax. For that financial year EXCELATED recorded a gross margin of € 34,124 and equity of € -31,092. Compared with financial year 2024, the result moved from € -198,350 to € 5,883. Profitable, and profit is growing. 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 April 22, 2026.
€ -31,092
▲ € 5,883 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,883
▲ still € 198,350 loss in 2024
Profit after tax over the fiscal year.
€ 698
▼ 83% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -31,092.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,426
▼ 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.
€ 37
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,631
▼ 67% vs 2024
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 | € -2,434 | € 326,112 | € 78,814 | € 34,124 | ▼ 57% |
| Profit after taxes | € -4,746 | € 264,157 | € -198,350 | € 5,883 | ▲ € 204,233 |
| Equity | € -3,348 | € 161,375 | € -36,975 | € -31,092 | ▲ € 5,883 |
| Total debts | € 9,819 | € 148,929 | € 55,140 | € 61,978 | ▲ 12% |
| Cash | € 2,307 | € 13,198 | € 4,060 | € 698 | ▼ 83% |
| Retained profit | € -21,948 | € 161,375 | € -36,975 | € -31,092 | ▲ € 5,883 |
| Dividend | € 0 | € 80,833 | € 0 | € 0 | |
| Balance sheet total | € 6,470 | € 310,304 | € 18,165 | € 30,887 | ▲ 70% |
Key figures of EXCELATED, 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 April 2027.
What happened to EXCELATED?
What happened at EXCELATED in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 5,883. Source: NBB ↗
- New establishment in Laarne. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,746 loss in 2022 to € 5,883 profit in 2025.
Paid € 72,356 in corporate taxes since 2022.
Best year ever: 2023, with € 264,157 profit.
Paid out € 80,833 in dividends to the owners in total.
Management
Behind EXCELATED is Jonathan Stevens.
Directors
According to the 2025 annual accounts
Jonathan Stevens
Director
Establishments
Establishment units
Physical locations of this company
Warande 13 A
9270 Laarne
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0564.824.862
- VAT number
- BE 0564.824.862
- Registered office
- Warande 13 A, 9270 Laarne
- Names & denominations
- EXCELATED
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 October 2014
- Peppol
- Active · Active since 28 Jan 2026
- Activities · NACE
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