NORMAL SITUATION

EXCELSUS

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Financial year 2024 · closed on 31/12/2024

Net result

1,7 M €

-7.7% YoY

Gross margin

-33,9 k €

-109.2% YoY

Equity

92,1 M €

+1.4% YoY

Workforce

0,0 ETP

Company — Normal situation.

What does EXCELSUS do?

EXCELSUS is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0886.339.775

Legal form

Public limited company

Contributed capital

63 000,00 €

Latest accounts

31/12/2024

Average workforce

0,0 ETP

Signals

ProfitableSolid equityGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-33,9 k €	-109%	-16,2 k €	-36.6%	-11,8 k €	+78.3%	-54,5 k €	-166%	-20,5 k €	-264%	12,5 k €	+63.1%	7,7 k €	-22.9%	9,9 k €	+150%	-19,7 k €	-251%	13 k €	-87.4%	103,4 k €	-63.3%	281,9 k €	-46.8%	529,4 k €	-1.5%	537,2 k €	+12.5%	477,7 k €	+8.8%	439,2 k €
EBITDA	-63,5 k €	-79.2%	-35,4 k €	-78.6%	-19,8 k €	+63.7%	-54,7 k €	-82.2%	-30 k €	-394%	10,2 k €	+84.8%	5,5 k €	-28.4%	7,7 k €	+135%	-21,9 k €	-302%	10,8 k €	-89.3%	101,3 k €	-63.8%	279,8 k €	-46.4%	522,4 k €	-2.7%	537,1 k €	+12.5%	477,5 k €	+8.8%	439,1 k €
Operating result	-63,5 k €	-79.2%	-35,4 k €	-78.6%	-19,8 k €	+65.7%	-57,8 k €	-76.6%	-32,7 k €	-423%	10,1 k €	+83.1%	5,5 k €	-28.4%	7,7 k €	+135%	-21,9 k €	-77.9%	-12,3 k €	-116%	77,8 k €	-69.7%	256,3 k €	-48.7%	499,2 k €	-7.1%	537,1 k €	+12.5%	477,5 k €	+8.8%	439,1 k €
Net result	1,7 M €	-7.7%	1,9 M €	+1322%	-151,5 k €	-100%	80,3 M €	+7041%	1,1 M €	+23.9%	907,8 k €	+74.0%	521,8 k €	+18.4%	440,8 k €	+55.0%	284,5 k €	+4.9%	271,1 k €	-16.3%	324,1 k €	+34.2%	241,5 k €	-41.8%	415,3 k €	+9.7%	378,4 k €	+38.8%	272,6 k €	-12.0%	309,8 k €
Balance sheet
Equity	92,1 M €	+1.4%	90,9 M €	+1.9%	89,2 M €	+6.5%	83,8 M €	+1436%	5,5 M €	+23.1%	4,4 M €	+25.8%	3,5 M €	+17.4%	3 M €	+17.2%	2,6 M €	+12.5%	2,3 M €	+13.5%	2 M €	+19.3%	1,7 M €	+16.8%	1,4 M €	+40.6%	1 M €	+58.6%	645,3 k €	+73.1%	372,8 k €
Total assets	94,6 M €	+1.7%	93 M €	+2.0%	91,2 M €	+1.3%	90,1 M €	+341%	20,4 M €	+0.3%	20,4 M €	+0.8%	20,2 M €	+0.6%	20,1 M €	+33.5%	15,1 M €	+7.5%	14 M €	+2.2%	13,7 M €	+3.9%	13,2 M €	-0.5%	13,2 M €	+6.7%	12,4 M €	+9.3%	11,3 M €	-0.5%	11,4 M €
Cash	2,1 M €	+121%	944,6 k €	-73.4%	3,5 M €	+598%	508,5 k €	+2426%	20,1 k €	-80.1%	101,2 k €	+35.9%	74,5 k €	-62.2%	197,2 k €	+1028%	17,5 k €	-91.8%	212,1 k €	+1067%	18,2 k €	+110%	8,7 k €	-82.8%	50,4 k €	+860%	5,2 k €	+16.6%	4,5 k €	-96.5%	130,2 k €
Debts	2,4 M €	+12.4%	2,1 M €	+8.0%	2 M €	-68.6%	6,3 M €	-58.2%	15 M €	-6.1%	16 M €	-4.5%	16,7 M €	-2.3%	17,1 M €	+36.9%	12,5 M €	+6.6%	11,7 M €	+0.3%	11,7 M €	+1.7%	11,5 M €	-2.6%	11,8 M €	+3.7%	11,4 M €	+6.3%	10,7 M €	-3.0%	11 M €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 25 ended

Active mandates

Betty Brems

Director · since 11 mai 2024 · until 10 mai 2030

Active

Matthieu Boone

Director · since 11 mai 2024 · until 10 mai 2030

Active

Sofie Boone

Director · since 11 mai 2024 · until 26 décembre 2024

Active

Ended mandates

Betty Brems

Managing director · since 22 septembre 2021 · until 10 mai 2024

Ended

Matthieu Boone

Managing director · since 22 septembre 2021 · until 10 mai 2024

Ended

Sofie Boone

Director · since 22 septembre 2021

Ended

Betty Brems

Director · since 11 mai 2018 · until 11 mai 2024

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/06/2025	08/05/2024	30/03/2023	07/07/2022	27/04/2022	07/05/2020
General meeting	05/05/2025	10/04/2024	27/03/2023	27/06/2022	22/03/2022	29/04/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	05/05/2025	02/06/2025	Dutch	PDF
Abridged model	31/12/2023	10/04/2024	08/05/2024	Dutch	PDF
Abridged model	31/12/2022	27/03/2023	30/03/2023	Dutch	PDF
Abridged model	31/12/2021	27/06/2022	07/07/2022	Dutch	PDF
Abridged modelCorrection	31/12/2020	22/03/2022	27/04/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/04/2020	07/05/2020	Dutch	PDF
Micro model	31/12/2018	10/05/2019	26/06/2019	Dutch	PDF
Micro model	31/12/2017	11/05/2018	10/06/2018	Dutch	PDF
Micro model	31/12/2016	12/05/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	08/05/2015	22/06/2015	Dutch	PDF
Abridged model	31/12/2013	09/05/2014	10/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	11/05/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	13/05/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/05/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	08/05/2009	08/06/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	11/06/2008	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2024 · 3 active · 25 ended

Active mandates

Betty Brems

Director · since 11 mai 2024 · until 10 mai 2030

Active

Matthieu Boone

Director · since 11 mai 2024 · until 10 mai 2030

Active

Sofie Boone

Director · since 11 mai 2024 · until 26 décembre 2024

Active

Ended mandates

Betty Brems

Managing director · since 22 septembre 2021 · until 10 mai 2024

Ended

Matthieu Boone

Managing director · since 22 septembre 2021 · until 10 mai 2024

Ended

Sofie Boone

Director · since 22 septembre 2021

Ended

Betty Brems

Director · since 11 mai 2018 · until 11 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring22/07/2025
Fusie door overneming
PDF
Mandates26/05/2025
ONTSLAGEN, BENOEMINGEN, DIVERSEN
PDF
Restructuring26/05/2025
Neerlegging fusievoorstel
PDF
Mandates12/05/2025
ONTSLAGEN, BENOEMINGEN
PDF
Capital / shares07/01/2025
KAPITAAL, AANDELEN
PDF
Other10/08/2020
PARTIËLE SPLITSING DOOR OPRICHTING
PDF
Restructuring10/06/2020
Neerlegging Splitsingsvoorstel
PDF
Restructuring22/11/2018
FUSIEVOORSTEL
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

2024
Annual accounts 20241,7 M €↓
2023
Annual accounts 20231,9 M €↑
2022
Annual accounts 2022-151,5 k €↓
2020
Annual accounts 202080,3 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017907,8 k €↑
2016
Annual accounts 2016521,8 k €↑
2015
Annual accounts 2015440,8 k €↑
2014
Annual accounts 2014284,5 k €↑
2013
Annual accounts 2013271,1 k €↓
2012
Annual accounts 2012324,1 k €↑
2011
Annual accounts 2011241,5 k €↓
2010
Annual accounts 2010415,3 k €↑
2009
Annual accounts 2009378,4 k €↑
2008
Annual accounts 2008272,6 k €↓
2007
Annual accounts 2007309,8 k €

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

EXCELSUS

Overview

What does EXCELSUS do?

Trend over 16 financial years

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