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2XL

Active
Public limited companyfounded 199333 yrs activeBaron de Maerelaan 155, 8380 Brugge, BelgiumKBO/BCE: BE 0449.424.358
Summary

The annual accounts of 2XL for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €754,033 and a net result of -€2.0m. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 12% of 657 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability12▼-5
Solvency28▼-4
Growth38▼-1
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 1.38 in 2024; short-term debt: 95.6% and cash: 4.9% of total assets), and 97.4% of the assets are financed with debt.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
2.6%
Return on assets
-6.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.0m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 657 sector peers (2025).
NBB · sector comparison
Position among 657 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 d early
2024
23 d early
2023
36 d early
2022
55 d early
2021
33 d early
2020
39 d early
2019
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

2XL was incorporated on 17 February 1993.1 Revenue grew from EUR 107 million in 2018 to EUR 149 million in 2025 and headcount from 119 to 204 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€148.7m▲ 1.5%
2024 · €146.6m
EBIT margin
-1.2%=
2024 · -1.2%
Net result
-€2.0m▼ 26.8%
2024 · -€1.6m
Working capital
-€1.5m
2024 · €10.2m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€111.3m▲ 14.8%€142.2m▲ 27.7%€148.8m▲ 4.6%€146.6m▼ 1.5%€148.7m▲ 1.5%
Operating result€3.1m▼ 29.6%€6.1m▲ 98.6%€10.9m▲ 79.9%-€1.8m-€1.8m▼ 4.2%
Net result€1.9mabove the sector's middle half▼ 30.2%€4.1mabove the sector's middle half▲ 110%€7.7mabove the sector's middle half▲ 89.2%-€1.6mbelow the sector's middle half-€2.0mbelow the sector's middle half▼ 26.8%
EBIT margin2.8%▼ 1.7pp4.3%▲ 1.5pp7.4%▲ 3.1pp-1.2%▼ 8.6pp-1.2%=
Equity€18.2mabove the sector's middle half▼ 0.9%€22.0mabove the sector's middle half▲ 20.5%€22.7mabove the sector's middle half▲ 3.4%€2.8mwithin the sector's middle half▼ 87.7%€754,033within the sector's middle half▼ 73.1%
Total assets€80.2mabove the sector's middle half▲ 29.0%€110.3mabove the sector's middle half▲ 37.4%€128.0mabove the sector's middle half▲ 16.1%€40.2mabove the sector's middle half▼ 68.6%€29.3mabove the sector's middle half▼ 27.0%
Debt€61.5m▲ 42.3%€87.8m▲ 42.6%€102.6m▲ 16.9%€37.2m▼ 63.8%€28.3m▼ 23.9%
Working capital-€21.9m▼ 286%-€40.2m▼ 83.1%€8.2m€10.2m▲ 24.5%-€1.5m
Solvency22.7%within the sector's middle half▼ 6.9pp19.9%within the sector's middle half▼ 2.8pp17.7%within the sector's middle half▼ 2.2pp7.0%below the sector's middle half▼ 10.8pp2.6%below the sector's middle half▼ 4.4pp
Staff (FTE)207.1above the sector's middle half▲ 4.0%215.9above the sector's middle half▲ 4.2%223.3above the sector's middle half▲ 3.4%218.6above the sector's middle half▼ 2.1%204above the sector's middle half▼ 6.7%
above within below the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€5.0m€0€5.0m€10.0mOperating result 2021: €3.1m€3.1mNet result 2021: €1.9m€1.9mOperating result 2022: €6.1m€6.1mNet result 2022: €4.1m€4.1mOperating result 2023: €10.9m€10.9mNet result 2023: €7.7m€7.7mOperating result 2024: -€1.8m-€1.8mNet result 2024: -€1.6m-€1.6mOperating result 2025: -€1.8m-€1.8mNet result 2025: -€2.0m-€2.0m20212022202320242025-€5m€0€5m€10mOperating result 2023: €10.9m€11mNet result 2023: €7.7m€7.7mOperating result 2024: -€1.8m-€1.8mNet result 2024: -€1.6m-€1.6mOperating result 2025: -€1.8m-€1.8mNet result 2025: -€2.0m-€2m202320242025
The operating result stays negative: a loss of €1.8m in 2025 against €1.8m in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29.3m
Fixed assets €2.8m ▼ 5.3%
Current assets €26.5m ▼ 28.7%
Equity and liabilities €29.3m
Equity €754,033 ▼ 73.1%
Provisions €306,978 ▲ 29.2%
Debt €28.3m ▼ 23.9%
Debt's share of the balance-sheet total rises from 92.4% to 96.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€1.2m▼
2024 · €138,790
Cash flow
-€1.4m▼
2024 · €305,216
Current ratio
0.95▼
2024 · 1.38
Debt to equity
37.51▲
2024 · 13.28
ROE
-269.9%▼
2024 · -57.4%
ROA
-6.9%▼
2024 · -4.0%
Interest coverage
-2.14▼
2024 · 0.16
Debt ≤ 1 year
€28.1m▲
2024 · €27.0m
Income taxes
€2,834▲
2024 · -€33,566
Staff costs
€13.4m▲
2024 · €13.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 138 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.

  • Medium-sized
  • 20 years or older
  • solvency under 10%
  • a small loss
2.2% went bankrupt
1.4% stopped otherwise
96% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 138 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 87 lines
Balance sheet Code20242025
Assets
Total assets20/58€40.2m€29.3m▼
Fixed assets21/28€3.0m€2.8m▼
Intangible fixed assets21€576,716€827,945▲
Tangible fixed assets22/27€2.4m€2.0m▼
Plant, machinery and equipment23€1.0m€989,006▼
Furniture and vehicles24€1.1m€982,806▼
Other tangible fixed assets26€25,762€10,980▼
Assets under construction and advance payments27€231,102-
Financial fixed assets28€2,160€2,025▼
Other financial fixed assets284/8€2,160€2,025▼
Amounts receivable and cash guarantees285/8€2,160€2,025▼
Current assets29/58€37.2m€26.5m▼
Amounts receivable within one year40/41€33.5m€25.0m▼
Trade receivables40€17.6m€20.1m▲
Other amounts receivable41€15.9m€4.9m▼
Cash at bank and in hand54/58€3.6m€1.4m▼
Deferred charges and accrued income490/1€145,379€101,619▼
Equity and liabilities
Total equity and liabilities10/49€40.2m€29.3m▼
Equity10/15€2.8m€754,033▼
Contributions10/11€90,655€90,655=
Capital10€90,655€90,655=
Issued capital100€90,655€90,655=
Reserves13€4.4m€2.6m▼
Non-distributable reserves130/1€10,634€10,634=
Legal reserve130€10,634€10,634=
Tax-exempt reserves132€1.6m€1.5m▼
Distributable reserves133€2.8m€1.0m▼
Profit (loss) carried forward14-€1.8m-€2.0m▼
Investment grants15€74,426€65,267▼
Provisions and deferred taxes16€237,643€306,978▲
Provisions for liabilities and charges160/5€164,617€250,807▲
Major repairs and maintenance162€20,833-
Other liabilities and charges164/5€143,784€250,807▲
Deferred taxes168€73,026€56,171▼
Amounts payable17/49€37.2m€28.3m▼
Amounts payable after more than one year17€10.0m-
Financial debts170/4€10.0m-
Other loans174€10.0m-
Amounts payable within one year42/48€27.0m€28.1m▲
Financial debts43€260,035€277,153▲
Credit institutions430/8€260,035€277,153▲
Trade debts44€23.7m€24.9m▲
Suppliers440/4€23.7m€24.9m▲
Advances received on contracts in progress46€350,000€350,000=
Taxes, remuneration and social security45€2.5m€2.5m=
Taxes450/3€208,366€217,471▲
Remuneration and social security454/9€2.3m€2.3m▼
Other amounts payable47/48€176,343€13,430▼
Accrued charges and deferred income492/3€108,935€223,243▲
Income statement Code20242025
Operating income70/76A€150.6m€153.2m▲
Turnover70€146.6m€148.7m▲
Other operating income74€4.0m€4.1m▲
Non-recurring operating income76A€5,668€320,175▲
Operating charges60/66A€152.4m€155.0m▲
Goods for resale, raw materials and consumables60€101.6m€103.3m▲
Purchases600/8€101.6m€103.3m▲
Services and other goods61€32.7m€34.1m▲
Remuneration, social security and pensions62€13.4m€13.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.9m€619,657▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€60,533-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€67,530€86,189▲
Other operating charges640/8€2.9m€2.9m▼
Non-recurring operating charges66A-€610,102
Operating profit (loss)9901-€1.8m-€1.8m▼
Financial income75/76B€1.4m€1.5m▲
Recurring financial income75€1.4m€1.5m▲
Income from current assets751€819,721€445,506▼
Other financial income752/9€616,022€1.0m▲
Financial charges65/66B€1.4m€1.7m▲
Recurring financial charges65€1.4m€1.7m▲
Debt charges650€881,459€572,172▼
Other financial charges652/9€474,413€1.1m▲
Profit (loss) for the period before taxes9903-€1.7m-€2.0m▼
Transfer from deferred taxes780€52,989€16,855▼
Income taxes67/77-€33,566€2,834▲
Taxes670/3-€2,834
Tax adjustments and reversals of tax provisions77€33,566-
Profit (loss) for the period9904-€1.6m-€2.0m▼
Transfer from tax-exempt reserves789€1.1m€76,889▼
Profit (loss) for the period to be appropriated9905-€480,787-€2.0m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€785,625-€3.7m▼
Profit (loss) brought forward from the previous period14P-€304,838-€1.8m▼
Transfer from equity791/2-€1.8m
From reserves792-€1.8m
Transfer to equity691/2€980,951-
To other reserves6921€980,951-
Social balance
Average headcount (FTE)9087218.6204.0▼

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€119.9m€150.5m€162.1m€150.6m€153.2m▲ 1.7%
Turnover70€111.3m€142.2m€148.8m€146.6m€148.7m▲ 1.5%
Other operating income74€8.6m€8.3m€13.3m€4.0m€4.1m▲ 2.8%
Non-recurring operating income76A--€5,668€5,668€320,175▲ 5,549%
Operating charges60/66A€116.9m€144.5m€151.2m€152.4m€155.0m▲ 1.7%
Goods for resale, raw materials and consumables60€76.8m€99.5m€101.0m€101.6m€103.3m▲ 1.6%
Purchases600/8€76.8m€99.5m€101.0m€101.6m€103.3m▲ 1.6%
Services and other goods61€20.3m€24.1m€29.2m€32.7m€34.1m▲ 4.3%
Remuneration, social security and pensions62€11.0m€11.7m€13.5m€13.4m€13.4m▲ 0.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.8m€3.7m€4.4m€1.9m€619,657▼ 67.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€91,928-€31,976€44,680-€60,533--
Provisions for liabilities and charges: additions (uses and reversals)635/8-€25,781€66,717€4,372-€67,530€86,189▲ 228%
Other operating charges640/8€4.7m€5.4m€3.1m€2.9m€2.9m▼ 0.3%
Non-recurring operating charges66A----€610,102-
Operating profit (loss)9901€3.1m€6.1m€10.9m-€1.8m-€1.8m▼ 4.2%
Financial income75/76B€560,466€1.6m€2.3m€1.4m€1.5m▲ 3.5%
Recurring financial income75€560,466€1.6m€2.3m€1.4m€1.5m▲ 3.5%
Income from current assets751€15,733€203,702€1.6m€819,721€445,506▼ 45.7%
Other financial income752/9€544,733€1.4m€770,241€616,022€1.0m▲ 68.8%
Financial charges65/66B€955,259€2.4m€2.9m€1.4m€1.7m▲ 24.6%
Recurring financial charges65€955,259€2.4m€2.9m€1.4m€1.7m▲ 24.6%
Debt charges650€661,848€810,255€2.3m€881,459€572,172▼ 35.1%
Other financial charges652/9€293,411€1.6m€586,081€474,413€1.1m▲ 135%
Profit (loss) for the period before taxes9903€2.7m€5.3m€10.4m-€1.7m-€2.0m▼ 21.1%
Transfer from deferred taxes780€31,597€36,484€68,210€52,989€16,855▼ 68.2%
Transfer to deferred taxes680-€41,893€2.3m---
Income taxes67/77€749,708€1.2m€451,186-€33,566€2,834▲ 108%
Taxes670/3€749,708€1.3m€451,186-€2,834-
Tax adjustments and reversals of tax provisions77-€15,162-€33,566--
Profit (loss) for the period9904€1.9m€4.1m€7.7m-€1.6m-€2.0m▼ 26.8%
Transfer from tax-exempt reserves789€6,523€21,185€966,363€1.1m€76,889▼ 93.2%
Transfer to tax-exempt reserves689-€125,679€6.9m---
Profit (loss) for the period to be appropriated9905€2.0m€4.0m€1.8m-€480,787-€2.0m▼ 307%
Line20212022202320242025Change
Assets
Total assets20/58€80.2m€110.3m€128.0m€40.2m€29.3m▼ 27.0%
Fixed assets21/28€57.4m€75.5m€82.0m€3.0m€2.8m▼ 5.3%
Intangible fixed assets21€535,605€377,012€411,882€576,716€827,945▲ 43.6%
Tangible fixed assets22/27€56.9m€75.2m€81.6m€2.4m€2.0m▼ 17.0%
Land and buildings22€10.2m€11.0m€8.8m---
Plant, machinery and equipment23€1.5m€4.5m€4.0m€1.0m€989,006▼ 5.2%
Furniture and vehicles24€1.1m€1.1m€1.5m€1.1m€982,806▼ 9.9%
Leasing and similar rights25€25.7m€22.5m€66.5m---
Other tangible fixed assets26€519,869€493,129€42,960€25,762€10,980▼ 57.4%
Assets under construction and advance payments27€17.9m€35.5m€759,207€231,102--
Financial fixed assets28€2,762€2,737€2,160€2,160€2,025▼ 6.3%
Other financial fixed assets284/8€2,762€2,737€2,160€2,160€2,025▼ 6.3%
Amounts receivable and cash guarantees285/8€2,762€2,737€2,160€2,160€2,025▼ 6.3%
Current assets29/58€22.8m€34.7m€46.0m€37.2m€26.5m▼ 28.7%
Amounts receivable within one year40/41€21.0m€33.4m€44.0m€33.5m€25.0m▼ 25.3%
Trade receivables40€19.8m€27.8m€28.2m€17.6m€20.1m▲ 14.2%
Other amounts receivable41€1.2m€5.6m€15.8m€15.9m€4.9m▼ 69.2%
Cash at bank and in hand54/58€1.4m€1.3m€1.5m€3.6m€1.4m▼ 60.2%
Deferred charges and accrued income490/1€357,040€34,852€491,817€145,379€101,619▼ 30.1%
Equity and liabilities
Total equity and liabilities10/49€80.2m€110.3m€128.0m€40.2m€29.3m▼ 27.0%
Equity10/15€18.2m€22.0m€22.7m€2.8m€754,033▼ 73.1%
Contributions10/11€522,587€522,587€522,587€90,655€90,655=
Capital10€522,587€522,587€522,587€90,655€90,655=
Issued capital100€543,504€543,504€543,504€90,655€90,655=
Uncalled capital101€20,917€20,917€20,917---
Reserves13€16.4m€20.3m€21.0m€4.4m€2.6m▼ 41.9%
Non-distributable reserves130/1€54,350€54,350€54,350€10,634€10,634=
Legal reserve130€54,350€54,350€54,350€10,634€10,634=
Tax-exempt reserves132€2.2m€2.3m€8.2m€1.6m€1.5m▼ 4.8%
Distributable reserves133€14.2m€17.9m€12.8m€2.8m€1.0m▼ 63.4%
Profit (loss) carried forward14----€1.8m-€2.0m▼ 10.9%
Investment grants15€1.3m€1.1m€1.1m€74,426€65,267▼ 12.3%
Provisions and deferred taxes16€441,059€513,184€2.7m€237,643€306,978▲ 29.2%
Provisions for liabilities and charges160/5€161,058€227,775€232,147€164,617€250,807▲ 52.4%
Major repairs and maintenance162€128,958€128,958€61,875€20,833--
Other liabilities and charges164/5€32,100€98,817€170,272€143,784€250,807▲ 74.4%
Deferred taxes168€280,001€285,409€2.5m€73,026€56,171▼ 23.1%
Amounts payable17/49€61.5m€87.8m€102.6m€37.2m€28.3m▼ 23.9%
Amounts payable after more than one year17€16.8m€12.9m€64.1m€10.0m--
Financial debts170/4€16.8m€12.9m€64.1m€10.0m--
Leasing and similar obligations172€12.7m€12.4m€53.7m---
Credit institutions173€580,994€510,812€439,288---
Other loans174€3.5m-€10.0m€10.0m--
Amounts payable within one year42/48€44.7m€74.9m€37.9m€27.0m€28.1m▲ 3.7%
Current portion of amounts payable after more than one year42€2.6m€1.6m€3.7m---
Financial debts43€16.9m€36.1m€973,839€260,035€277,153▲ 6.6%
Credit institutions430/8€16.9m€36.1m€973,839€260,035€277,153▲ 6.6%
Trade debts44€21.0m€26.2m€25.8m€23.7m€24.9m▲ 4.9%
Suppliers440/4€21.0m€26.2m€25.8m€23.7m€24.9m▲ 4.9%
Advances received on contracts in progress46€333,235€368,000€350,000€350,000€350,000=
Taxes, remuneration and social security45€2.8m€6.3m€2.5m€2.5m€2.5m=
Taxes450/3€870,151€4.2m€238,401€208,366€217,471▲ 4.4%
Remuneration and social security454/9€1.9m€2.1m€2.3m€2.3m€2.3m▼ 0.4%
Other amounts payable47/48€1.1m€4.3m€4.5m€176,343€13,430▼ 92.4%
Accrued charges and deferred income492/3--€594,000€108,935€223,243▲ 105%
Line20212022202320242025Change
Profit (loss) for the period9904€1.9m€4.1m€7.7m-€1.6m-€2.0m▼ 26.8%
+ Depreciation and write-downs630€3.8m€3.7m€4.4m€1.9m€619,657▼ 67.6%
Operating cash flow (approximation)€5.8m€7.8m€12.1m€305,216-€1.4m▼ 564%
Investment in fixed assets (approximation)--€21.8m-€10.9m€77.1m-€463,711▼ 101%
Change in cash--€114,125€250,508€2.1m-€2.2m▼ 205%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
28-05
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€2.0m
Net result drops to -€2.0m, the lowest in the series.
08-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
25-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Highest result since 2018net €7.7m ▲89.2%
Operating result €10.9m, net result €7.7m, both a record.
31-12
Financial Liquidity triplescurrent ratio 1.22
Current ratio from 0.46 to 1.22; short-term debt falls from €74.9m to €37.9m.
06-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
22-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
01-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
27-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
19-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
09-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 33 acts read
About the unread acts

We know of 33 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
33 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 4 establishment units since 1993
seat establishment approximate All 4 establishment units on the map
Ground area
17.2 ha
Building footprint
7.5 ha
Volume, LiDAR
709,697 m³
4 parcels, Flanders · tallest building 21.8 m, ±5 floors. Linked by address, not a title deed.
6 companies at this address See who is registered here
4 establishment units
2XL
Baron de Maerelaan 155, 8380 BruggeAir transport
since 19932.063.971.641
2XL NV - Blauw
Lanceloot Blondeellaan 10, 8380 BruggeAgents in non-specialised wholesale trade
since 20142.230.204.303
2XL
Karveelstraat 3, 8380 BruggeFreight transport by road
since 20182.281.052.790
2XL
Karveelstraat 5, 8380 BruggeFreight transport by road
since 20182.281.052.889
4 parcels
Flanders 4 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31812P0322/02K000 Flanders 6.3 ha 1 · 1.2 ha -
31812Q0246/00K000 Flanders 4.9 ha 1 · 3.2 ha 15.1 m · 4 fl.
31016D0091/00H000 Flanders 4.3 ha 1 · 3.0 ha 21.8 m · 5 fl.
31812Q0200/00C000 Flanders 1.8 ha 1 · 2,100 m² -
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group ECS LOGISTICS GROUP 6 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. ECS LOGISTICS GROUP 100%
  2. ECS corporate 100%
  3. 2XL

Highest known parent: ECS LOGISTICS GROUP. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 11 entries · 204,159 EUR awarded · 204,159 EUR paid
Year Entries awardedpaid
2025 2 42,762 EUR42,762 EUR
2024 4 51,592 EUR51,592 EUR
2023 2 51,015 EUR51,015 EUR
2022 3 58,790 EUR58,790 EUR
Schemes
4 entries · 160,457 EUR · 160,457 EUR paid · Departement Werk en Sociale Economie
3 entries · 26,591 EUR · 26,591 EUR paid · Departement Werk en Sociale Economie
2 entries · 15,611 EUR · 15,611 EUR paid · Departement Werk en Sociale Economie
1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk en Sociale Economie
1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

3 sites
Brugge2.063.971.641
6 permissions
Opslag diervoeders · since 27-04-2022
Vervoer andere dan levensmiddelen · since 26-02-2007
Vervoer kamer t° levensmiddelen · since 26-02-2007
and 3 more
Brugge2.230.204.303
5 permissions
Opslag diervoeders · since 01-11-2022
Opslag kamer t° levensmiddelen · since 01-11-2022
Vervoer andere dan levensmiddelen · since 01-11-2022
and 2 more
Brugge2.281.052.790
5 permissions
Opslag diervoeders · since 23-02-2021
Vervoer andere dan levensmiddelen · since 08-07-2020
Vervoer levensmiddelen onder gecontroleerde temperatuur en/of atmosfeer · since 08-07-2020
and 2 more

Care and welfare

2 services · 0 live
Pimpampoeltjes
Opgroeien (child and family agency) · ended
Buitenschoolse Opvang · Voorschoolse Opvang · Zelfstandig Kinderdagverblijf
Pimpampoeltjes
Opgroeien (child and family agency) · ended
Buitenschoolse Opvang · Groepsopvang · Voorschoolse Opvang

Dual-learning approval

2 live approvals · 2 ended
Bestuurder interne transportmiddelen duaal (so)
Goedgekeurd · 2023 to 2028
Logistiek duaal (so)
Goedgekeurd · 2024 to 2029
Show 2 ended approvals
Logistiek duaal (so)
discontinued · 2019 to 2024
Logistiek duaal (so)
ended · 2019 to 2024

Legal Entity Identifier

5493002SI7GCPVHZKK31
live in the LEI register

Similar companies · same sector, comparable size

Of 3,187 companies in sector 52250 we hold annual accounts for 1,956. 1,303 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded17-02-1993
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0449424358

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.