ACTIVE

Luxexcel

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Financial year 2025 · closed on 31/12/2025

Net result

-17 M €

-210.9% YoY

Gross margin

2,6 k €

+104.2% YoY

Equity

178,5 M €

-8.7% YoY

What does Luxexcel do?

Luxexcel is a Private limited company incorporated in 2015. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0636.925.457

Incorporation

10/09/2015

Legal form

Private limited company

Registered office

Boulevard du Régent 35
1000 Bruxelles · BruxellesSee on map

Contributed capital

1 944 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	2,6 k €	+104%	-61,8 k €	-336%	-14,2 k €	+99.8%	-5,9 M €	-2578%	-221,3 k €	+76.8%	-954 k €	+49.1%	-1,9 M €	+8.3%	-2 M €	-86.3%	-1,1 M €	-91.4%	-573 k €
EBITDA	2,6 k €	+104%	-61,8 k €	-315%	-14,9 k €	+99.9%	-10,7 M €	-242%	-3,1 M €	+19.6%	-3,9 M €	+18.7%	-4,8 M €	+8.9%	-5,3 M €	-77.9%	-3 M €	-55.9%	-1,9 M €
Operating result	2,6 k €	+104%	-61,8 k €	-315%	-14,9 k €	+99.9%	-11,3 M €	-219%	-3,5 M €	+16.9%	-4,3 M €	+21.4%	-5,4 M €	+38.5%	-8,8 M €	-161%	-3,4 M €	-73.1%	-1,9 M €
Net result	-17 M €	-211%	15,3 M €	+1387%	1 M €	-99.4%	183,4 M €	+5118%	-3,7 M €	+18.2%	-4,5 M €	+24.2%	-5,9 M €	+36.5%	-9,3 M €	-150%	-3,7 M €	-90.9%	-1,9 M €
Balance sheet
Equity	178,5 M €	-8.7%	195,5 M €	+8.5%	180,2 M €	+0.6%	179,1 M €	+4264%	-4,3 M €	-566%	-646,3 k €	+96.9%	-20,8 M €	-39.6%	-14,9 M €	-166%	-5,6 M €	-197%	-1,9 M €
Total assets	196,1 M €	-8.0%	213,1 M €	+7.8%	197,8 M €	+1.0%	195,8 M €	+3583%	5,3 M €	+125%	2,4 M €	-29.4%	3,4 M €	-9.0%	3,7 M €	-3.1%	3,8 M €	+136%	1,6 M €
Cash	8,2 M €	-4.0%	8,5 M €	+345%	1,9 M €	+34.0%	1,4 M €	+3863%	36,1 k €	-95.4%	782,5 k €	+451%	142,1 k €	-19.5%	176,5 k €	+3.9%	169,9 k €	+336%	39 k €
Debts	17,6 M €	-0.1%	17,6 M €	+0.1%	17,6 M €	+5.8%	16,7 M €	+73.2%	9,6 M €	+219%	3 M €	-87.5%	24,1 M €	+30.0%	18,6 M €	+97.5%	9,4 M €	+169%	3,5 M €
Other
Workforce	–		–		–		9,1 ETP	-69.8%	30,1 ETP	+14.4%	26,3 ETP	-6.1%	28,0 ETP	-18.8%	34,5 ETP	+52.0%	22,7 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Raj Paul Singh

Director · since 22 mars 2024

Active

Ended mandates

Paul Singh Raj

Managing director · since 22 mars 2024

Ended

Maria-Begona Farrugia

Managing director · since 01 mai 2022

Ended

Fabio Esposito

Director · since 08 avril 2020

Ended

Stefan Franco

Director · since 01 juillet 2018

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/06/2026	04/06/2025	01/08/2024	31/07/2023	27/08/2022	27/08/2021
General meeting	07/05/2026	02/05/2025	31/07/2024	27/07/2023	05/05/2022	06/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	07/05/2026	10/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/05/2025	04/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	01/08/2024	Dutch	PDF
Abridged model	31/12/2022	27/07/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	05/05/2022	27/08/2022	Dutch	PDF
Abridged model	31/12/2020	06/05/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	07/05/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	02/05/2019	09/08/2019	Dutch	PDF
Abridged model	31/12/2017	03/05/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	04/05/2017	30/08/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Raj Paul Singh

Director · since 22 mars 2024

Active

Ended mandates

Paul Singh Raj

Managing director · since 22 mars 2024

Ended

Maria-Begona Farrugia

Managing director · since 01 mai 2022

Ended

Fabio Esposito

Director · since 08 avril 2020

Ended

Stefan Franco

Director · since 01 juillet 2018

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office21/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Mandates26/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-17 M €↓
2024
Annual accounts 202415,3 M €↑
22/03/2024
nominationRaj Paul Singh — bestuurder
2023
Annual accounts 20231 M €↓
14/12/2023
nominationRSM InterAudit BV — commissaris
2022
Annual accounts 2022183,4 M €↑
08/04/2022
nominationMaria-Begona Deirdre Fallon Farrugía — bestuurder
2021
Annual accounts 2021-3,7 M €↑
2020
Annual accounts 2020-4,5 M €↑
2019
Annual accounts 2019-5,9 M €↑
2018
Annual accounts 2018-9,3 M €↓
2017
Annual accounts 2017-3,7 M €↓
2016
Annual accounts 2016-1,9 M €
10/09/2015
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Luxexcel

Overview

What does Luxexcel do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline