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 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
XCELLENCE GROUP from Knokke-Heist, company number BE0654927172, closed financial year 2025 with a result of € -49,596 after tax. For that financial year XCELLENCE GROUP recorded a gross margin of € 3,101 and equity of € 352,267. Compared with financial year 2024, the result moved from € -27,637 to € -49,596. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 28, 2026.
€ 352,267
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -49,596
▼ 79 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,235
▼ 88% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -647,733.
People and assets in 2025
€ 4,495
▼ 64% 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.
€ 4,389
▲ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 154,325 | € 12,046 | € 25,018 | € 3,101 | ▼ 88% |
| Profit after taxes | € 98,943 | € -41,391 | € -27,637 | € -49,596 | ▼ € 21,959 |
| Equity | € 470,891 | € 429,501 | € 401,864 | € 352,267 | ▼ 12% |
| Total debts | € 1,583,033 | € 1,026,546 | € 1,005,307 | € 995,744 | ▼ 1% |
| Cash | € 552,826 | € 5,593 | € 9,907 | € 1,235 | ▼ 88% |
| Land & buildings | € 1,194,294 | € 1,153,527 | € 1,112,759 | € 1,072,070 | ▼ 4% |
| Retained profit | € -529,109 | € -570,499 | € -598,136 | € -647,733 | ▼ € 49,596 |
| Bank debt | € 300,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 2,053,924 | € 1,456,047 | € 1,407,170 | € 1,348,011 | ▼ 4% |
Key figures of XCELLENCE GROUP, 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 May 2027.
What happened to XCELLENCE GROUP?
What happened at XCELLENCE GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 49,596. Source: NBB ↗
- Marianne Waegeman became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 98,943 profit in 2022 to € 49,596 loss in 2025.
Best year ever: 2022, with € 98,943 profit.
Management
Behind XCELLENCE GROUP is Marianne Waegeman.
Directors
According to the 2025 annual accounts
Marianne Waegeman
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Zeedijk-Het Zoute 702
8300 Knokke-Heist
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0654.927.172
- VAT number
- BE 0654.927.172
- Registered office
- Zeedijk-Het Zoute 702, 8300 Knokke-Heist
- Names & denominations
- XCELLENCE GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 2016
- Peppol
- Active · Active since 7 May 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen