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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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
EXCELERATE TECHNICAL MANAGEMENT from Antwerpen, company number BE0732785609, closed financial year 2025 with a result of € 236,369 after tax. For that financial year EXCELERATE TECHNICAL MANAGEMENT recorded revenue of € 42.1 million and equity of € 1.8 million. Compared with financial year 2024, the result moved from € 815,486 to € 236,369. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 1.8 million
▲ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 236,369
▼ 71% vs 2024
Profit after tax over the fiscal year.
€ 2 million
▼ 48% 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 € 1.3 million.
People and assets in 2025
17
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 46.9 million
▲ 4% vs 2024
€ 2.8 million 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.
€ 1,142
▼ 77% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.4 million
▼ 20% vs 2024
Loans from banks and other lenders, long and short.
€ 2.1 million
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 102 days on average.
€ 2.7 million
▲ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 38,506,606 | € 46,560,140 | € 46,600,864 | € 42,075,442 | ▼ 10% |
| Profit after taxes | € 95,513 | € 22,202 | € 815,486 | € 236,369 | ▼ 71% |
| Equity | € 732,413 | € 754,615 | € 1,570,101 | € 1,806,470 | ▲ 15% |
| Total debts | € 8,105,365 | € 11,642,184 | € 10,641,046 | € 10,035,781 | ▼ 6% |
| Cash | € 4,428,808 | € 6,022,385 | € 3,762,128 | € 1,958,275 | ▼ 48% |
| Retained profit | € 190,701 | € 212,903 | € 1,028,389 | € 1,264,758 | ▲ 23% |
| Bank debt | € 3,793,160 | € 4,251,740 | € 4,251,740 | € 3,397,770 | ▼ 20% |
| Balance sheet total | € 8,837,778 | € 12,396,799 | € 12,211,147 | € 11,842,250 | ▼ 3% |
| Employees (FTE) | 12.4 | 13.9 | 15.6 | 17 | ▲ 1.4 |
Key figures of EXCELERATE TECHNICAL MANAGEMENT, 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 EXCELERATE TECHNICAL MANAGEMENT?
What happened at EXCELERATE TECHNICAL MANAGEMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 236,369 (▼ 71% vs 2024). Source: NBB ↗
- Sid Kulbhaskar became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 95,513 profit in 2022 to € 236,369 profit in 2025.
Paid € 666,847 in corporate taxes since 2022.
Best year ever: 2024, with € 815,486 profit.
Pays suppliers within 102 days on average.
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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 EXCELERATE TECHNICAL MANAGEMENT is Sid Kulbhaskar. The shares are held by Excelerate Ship Management HoldCo LLC (100%).
Directors
According to the 2025 annual accounts
Sid Kulbhaskar
Director
since 2024
Shareholders
Excelerate Ship Management HoldCo LLC
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bordeauxstraat 14
2000 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0732.785.609
- VAT number
- BE 0732.785.609
- Registered office
- Bordeauxstraat 14, 2000 Antwerpen
- Names & denominations
- EXCELERATE TECHNICAL MANAGEMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 August 2019
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Goederenvervoer over zee- en kustwateren
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige vrachtbehandeling, exclusief in zeehavens
Vrachtbehandeling in zeehavens
Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg
Holdings
Overige gespecialiseerde wetenschappelijke en technische activiteiten
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