ACTIVE

EXCELLE

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Financial year 2025 · closed on 31/12/2025

Net result

-12,2 k €

-203.1% YoY

Gross margin

114,5 k €

-17.0% YoY

Equity

101,6 k €

-10.7% YoY

What does EXCELLE do?

EXCELLE is a Private limited company incorporated in 2009. Its registered office is in Stavelot.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0819.928.528

Incorporation

21/10/2009

Legal form

Private limited company

Registered office

Lodomez 3
4970 Stavelot · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

Positive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	114,5 k €	-17.0%	138 k €	-5.0%	145,2 k €	-14.7%	170,3 k €	-8.6%	186,4 k €	+51.8%	122,7 k €	+21.5%	101 k €	+8.7%	92,9 k €	-4.6%	97,3 k €	+16.8%	83,3 k €	-24.6%	110,6 k €	+54.2%	71,7 k €	+378%	15 k €	+581%	-3,1 k €	-147%	6,6 k €	-56.3%	15,2 k €
EBITDA	56 k €	-40.0%	93,3 k €	-2.5%	95,7 k €	-5.7%	101,5 k €	+0.8%	100,7 k €	+20.4%	83,6 k €	+37.7%	60,7 k €	-7.6%	65,7 k €	+58.4%	41,5 k €	-9.9%	46,1 k €	-30.3%	66,1 k €	+140%	27,5 k €	+500%	4,6 k €	+247%	-3,1 k €	-147%	6,6 k €	-53.0%	14,1 k €
Operating result	3,3 k €	-91.8%	40,4 k €	-16.7%	48,6 k €	-37.9%	78,1 k €	+0.6%	77,7 k €	+33.1%	58,4 k €	+32.2%	44,1 k €	+76.3%	25 k €	+151%	10 k €	-56.3%	22,8 k €	-53.4%	48,9 k €	+265%	13,4 k €	+256%	3,8 k €	+162%	-6,1 k €	-265%	3,7 k €	-61.5%	9,5 k €
Net result	-12,2 k €	-203%	11,8 k €	+29.9%	9,1 k €	-81.3%	48,7 k €	+43.7%	33,9 k €	-11.0%	38,1 k €	+43.5%	26,6 k €	+58.6%	16,7 k €	+71.3%	9,8 k €	-40.9%	16,6 k €	-56.5%	38 k €	+207%	12,4 k €	+897%	1,2 k €	+123%	-5,3 k €	-298%	2,7 k €	+44.1%	1,9 k €
Balance sheet
Equity	101,6 k €	-10.7%	113,8 k €	+6.4%	107 k €	+9.3%	97,9 k €	+16.3%	84,1 k €	+4.9%	80,2 k €	+90.5%	42,1 k €	-7.6%	45,6 k €	+17.4%	38,8 k €	+2.0%	38 k €	+1.5%	37,5 k €	+92.7%	19,5 k €	+2.1%	19,1 k €	+7.0%	17,8 k €	-23.1%	23,2 k €	+13.2%	20,5 k €
Total assets	710 k €	-17.8%	863,2 k €	+3.5%	833,9 k €	-4.7%	875,2 k €	+18.1%	741 k €	-4.7%	778 k €	-2.4%	797,2 k €	+43.7%	554,9 k €	-13.8%	644 k €	-2.4%	660,1 k €	-18.0%	804,7 k €	+48.6%	541,5 k €	+121%	244,9 k €	+1084%	20,7 k €	-30.9%	30 k €	-13.5%	34,6 k €
Cash	147,2 k €	-25.6%	197,7 k €	+101%	98,3 k €	-17.7%	119,5 k €	+16.9%	102,2 k €	-20.4%	128,4 k €	+11.1%	115,6 k €	+0.4%	115,1 k €	+106%	55,8 k €	-28.2%	77,7 k €	+2117%	3,5 k €	-84.6%	22,7 k €	+98.4%	11,4 k €	-27.4%	15,8 k €	+486%	2,7 k €	+90.2%	1,4 k €
Debts	608,4 k €	-18.8%	749,2 k €	+3.1%	726,3 k €	-5.4%	767,8 k €	+17.4%	654,2 k €	-6.0%	696,1 k €	-7.2%	749,9 k €	+60.6%	466,9 k €	-13.0%	536,4 k €	-12.9%	616 k €	-18.6%	756,3 k €	+53.9%	491,4 k €	+125%	218,2 k €	+7484%	2,9 k €	-57.7%	6,8 k €	-52.0%	14,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Benoit WILLEMS

Manager · since 23 janvier 2014

Active

Ended mandates

MANAGEMENT DEVELOPPEMENT SUPPORT ORGANISATION

Manager · since 23 janvier 2014 · until 22 décembre 2017 · 0821.654.039

Represented by Claude MARION

Ended

MANAGEMENT DEVELOPPEMENT SUPPORT ORGANISATION

Manager · since 23 janvier 2014 · 0821.654.039

Represented by Claude MARION

Ended

CHRISTOPHE ANDERNACK

Manager · since 16 octobre 2009 · until 23 janvier 2014

Ended

CHRISTOPHE ANDERNACK

Manager · since 16 octobre 2009

Ended

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	08/09/2026	11/08/2025	22/08/2024	02/08/2023	25/08/2022	06/09/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/06/2026	08/09/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	11/08/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	22/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	02/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	25/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	06/09/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	22/09/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	26/08/2019	French	PDF
Abridged model	31/12/2017	22/06/2018	09/07/2018	French	PDF
Abridged model	31/12/2016	13/06/2017	11/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	24/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	29/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	12/09/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	24/05/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 ended

Active mandates

Benoit WILLEMS

Manager · since 23 janvier 2014

Active

Ended mandates

MANAGEMENT DEVELOPPEMENT SUPPORT ORGANISATION

Manager · since 23 janvier 2014 · until 22 décembre 2017 · 0821.654.039

Represented by Claude MARION

Ended

MANAGEMENT DEVELOPPEMENT SUPPORT ORGANISATION

Manager · since 23 janvier 2014 · 0821.654.039

Represented by Claude MARION

Ended

CHRISTOPHE ANDERNACK

Manager · since 16 octobre 2009 · until 23 janvier 2014

Ended

CHRISTOPHE ANDERNACK

Manager · since 16 octobre 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2024
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates09/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates10/02/2014
DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other30/10/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-12,2 k €↓
2024
Annual accounts 202411,8 k €↑
2023
Annual accounts 20239,1 k €↓
2022
Annual accounts 202248,7 k €↑
2021
Annual accounts 202133,9 k €↓
2020
Annual accounts 202038,1 k €↑
2019
Annual accounts 201926,6 k €↑
2018
Annual accounts 201816,7 k €↑
2017
Annual accounts 20179,8 k €↓
2016
Annual accounts 201616,6 k €↓
2015
Annual accounts 201538 k €↑
2014
Annual accounts 201412,4 k €↑
2013
Annual accounts 20131,2 k €↑
2012
Annual accounts 2012-5,3 k €↓
2011
Annual accounts 20112,7 k €↑
2010
Annual accounts 20101,9 k €
21/10/2009
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

EXCELLE

Overview

What does EXCELLE do?

Trend over 16 financial years

Indicative valuation

Board of directors

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