2XTREME
ActiveSummary
2XTREME has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €203k and a net result of €84k. Equity is growing by ~98.9% per year across the filed fiscal years. Its solvency ranks better than 35% of 9624 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+8
Solvency51▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 1.53 against 1.13 in 2023; short-term debt: 20.5% and cash: 1.7% of total assets), but 73.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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 dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.1%
Return on assets
10.8%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 02-04-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 d early
2023
27 d late
2022
103 d late
2021
37 d early
2020
53 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€203k▲ 71.1%
2023 · €118k
2018: €-3klowest in 7 years
2019: €11k▲ +500% vs 2018
2020: €28k▲ +153% vs 2019
2021: €20k▼ -29.9% vs 2020
2022: €90k▲ +353% vs 2021
2023: €118k▲ +31.1% vs 2022
2024: €203k▲ +71.1% vs 2023highest in 7 years
2018 → 2024
Total assets
€777k▲ 8.1%
2023 · €719k
2018: €124klowest in 7 years
2019: €164k▲ +32.0% vs 2018
2020: €227k▲ +38.7% vs 2019
2021: €723k▲ +219% vs 2020
2022: €722k● -0.0% vs 2021
2023: €719k▼ -0.5% vs 2022
2024: €777k▲ +8.1% vs 2023highest in 7 years
2018 → 2024
Net result
€84k▲ 199%
2023 · €28k
2018: €7k
2019: €14k▲ +101% vs 2018
2020: €17k▲ +22.1% vs 2019
2021: €-8k▼ -149% vs 2020lowest in 7 years
2022: €70k▲ +929% vs 2021
2023: €28k▼ -60.1% vs 2022
2024: €84k▲ +199% vs 2023highest in 7 years
2018 → 2024
Working capital
€85k▲ 288%
2023 · €22k
2018: €-13k
2019: €3k▲ +123% vs 2018
2020: €18k▲ +508% vs 2019
2021: €-64k▼ -459% vs 2020lowest in 7 years
2022: €-6k▲ +90.5% vs 2021
2023: €22k▲ +462% vs 2022
2024: €85k▲ +288% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€28k-€20k▼ 29.9%€90k▲ 353%€118k▲ 31.1%€203k▲ 71.1%
2020: €28k
2021: €20k▼ -29.9% vs 2020lowest in 5 years
2022: €90k▲ +353% vs 2021
2023: €118k▲ +31.1% vs 2022
2024: €203k▲ +71.1% vs 2023highest in 5 years
Operating result€29k-€1k▼ 95.1%€103k▲ 7,020%€52k▼ 49.8%€118k▲ 128%
2020: €29k
2021: €1k▼ -95.1% vs 2020lowest in 5 years
2022: €103k▲ +7020% vs 2021
2023: €52k▼ -49.8% vs 2022
2024: €118k▲ +128% vs 2023highest in 5 years
Net result€17k-€-8k€70k€28k▼ 60.1%€84k▲ 199%
2020: €17k
2021: €-8k▼ -149% vs 2020lowest in 5 years
2022: €70k▲ +929% vs 2021
2023: €28k▼ -60.1% vs 2022
2024: €84k▲ +199% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 128% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €777k
Fixed assets
€533k ▲ 1.7%
Current assets
€244k ▲ 25.2%
Equity and liabilities €777k
Equity
€203k ▲ 71.1%
Debt
€574k ▼ 4.4%
Debt's share of the balance-sheet total falls from 83.5% to 73.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€141k▲
2023 · €74k
Cash flow
€107k▲
2023 · €51k
Current ratio
1.53▲
2023 · 1.13
Quick ratio
0.16▲
2023 · 0.03
Debt to equity
2.83▼
2023 · 5.07
ROE
41.5%▲
2023 · 23.7%
ROA
10.8%▲
2023 · 3.9%
Interest coverage
14.48▲
2023 · 7.31
Debt ≤ 1 year
€159k▼
2023 · €173k
Debt > 1 year
€403k▼
2023 · €426k
Income taxes
€24k▲
2023 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€719k€777k▲
Fixed assets21/28€524k€533k▲
Tangible fixed assets22/27€521k€530k▲
Land and buildings22€514k€499k▼
Plant, machinery and equipment23€7k€31k▲
Financial fixed assets28€3k€3k=
Current assets29/58€195k€244k▲
Stocks and contracts in progress3€189k€219k▲
Stocks30/36€189k€219k▲
Amounts receivable within one year40/41€1k€10k▲
Trade receivables40-€9k
Other amounts receivable41€1k€579▼
Cash at bank and in hand54/58€3k€14k▲
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€719k€777k▲
Equity10/15€118k€203k▲
Contributions10/11€19k€19k=
Reserves13€100k€184k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€98k€182k▲
Amounts payable17/49€600k€574k▼
Amounts payable after more than one year17€426k€403k▼
Financial debts170/4€426k€403k▼
Amounts payable within one year42/48€173k€159k▼
Current portion of amounts payable after more than one year42€23k€24k▲
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€11k€9k▼
Suppliers440/4€11k€9k▼
Taxes, remuneration and social security45€12k€10k▼
Taxes450/3€10k€6k▼
Remuneration and social security454/9€2k€4k▲
Other amounts payable47/48€125k€116k▼
Accrued charges and deferred income492/3€1k€12k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€23k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€80k€146k▲
Operating profit (loss)9901€52k€118k▲
Financial income75/76B€43€42▼
Recurring financial income75€43€42▼
Financial charges65/66B€11k€10k▼
Recurring financial charges65€10k€10k▼
Non-recurring financial charges66B€1k-
Profit (loss) for the period before taxes9903€40k€108k▲
Income taxes67/77€12k€24k▲
Profit (loss) for the period9904€28k€84k▲
Profit (loss) for the period to be appropriated9905€28k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€84k▲
Transfer to equity691/2€28k€84k▲
To other reserves6921€28k€84k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €47k | €44k | €23k | €23k | ▲ 1.3% |
| Other operating charges640/8 | - | - | €5k | €6k | €5k | ▼ 5.0% |
| Gross operating margin9900 | €34k | €53k | €151k | €80k | €146k | ▲ 83.1% |
| Operating profit (loss)9901 | €29k | €1k | €103k | €52k | €118k | ▲ 128% |
| Financial income75/76B | - | - | €0 | €43 | €42 | ▼ 2.6% |
| Recurring financial income75 | €0 | €2 | €0 | €43 | €42 | ▼ 2.6% |
| Financial charges65/66B | - | - | €11k | €11k | €10k | ▼ 14.4% |
| Recurring financial charges65 | €2k | €10k | €11k | €10k | €10k | ▼ 4.3% |
| Non-recurring financial charges66B | - | - | - | €1k | - | - |
| Profit (loss) for the period before taxes9903 | €28k | €-8k | €92k | €40k | €108k | ▲ 169% |
| Income taxes67/77 | €11k | €216 | €22k | €12k | €24k | ▲ 97.7% |
| Profit (loss) for the period9904 | €17k | €-8k | €70k | €28k | €84k | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €17k | €-8k | €70k | €28k | €84k | ▲ 199% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €227k | €723k | €722k | €719k | €777k | ▲ 8.1% |
| Fixed assets21/28 | €21k | €585k | €547k | €524k | €533k | ▲ 1.7% |
| Tangible fixed assets22/27 | €13k | €582k | €544k | €521k | €530k | ▲ 1.7% |
| Land and buildings22 | - | - | €530k | €514k | €499k | ▼ 3.0% |
| Plant, machinery and equipment23 | - | - | €11k | €7k | €31k | ▲ 345% |
| Furniture and vehicles24 | - | - | €4k | - | - | - |
| Financial fixed assets28 | €9k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €206k | €138k | €176k | €195k | €244k | ▲ 25.2% |
| Stocks and contracts in progress3 | €124k | €120k | €158k | €189k | €219k | ▲ 15.9% |
| Stocks30/36 | - | - | €158k | €189k | €219k | ▲ 15.9% |
| Amounts receivable within one year40/41 | €31k | €6k | €1k | €1k | €10k | ▲ 605% |
| Trade receivables40 | - | - | €1k | - | €9k | - |
| Other amounts receivable41 | - | - | €231 | €1k | €579 | ▼ 58.3% |
| Cash at bank and in hand54/58 | €2k | €11k | €15k | €3k | €14k | ▲ 355% |
| Deferred charges and accrued income490/1 | - | - | €908 | €2k | €2k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €227k | €723k | €722k | €719k | €777k | ▲ 8.1% |
| Equity10/15 | €28k | €20k | €90k | €118k | €203k | ▲ 71.1% |
| Contributions10/11 | - | - | €19k | €19k | €19k | = |
| Reserves13 | €12k | €12k | €72k | €100k | €184k | ▲ 84.3% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €70k | €98k | €182k | ▲ 85.9% |
| Profit (loss) carried forward14 | €-2k | €-10k | - | - | - | - |
| Amounts payable17/49 | €198k | €703k | €632k | €600k | €574k | ▼ 4.4% |
| Amounts payable after more than one year17 | €8k | €476k | €450k | €426k | €403k | ▼ 5.5% |
| Financial debts170/4 | - | - | €450k | €426k | €403k | ▼ 5.5% |
| Amounts payable within one year42/48 | €188k | €202k | €182k | €173k | €159k | ▼ 8.1% |
| Current portion of amounts payable after more than one year42 | - | - | €26k | €23k | €24k | ▲ 1.6% |
| Financial debts43 | - | - | €4k | €2k | - | - |
| Credit institutions430/8 | - | - | €4k | €2k | - | - |
| Trade debts44 | €15k | €40k | €40k | €11k | €9k | ▼ 15.5% |
| Suppliers440/4 | - | - | €40k | €11k | €9k | ▼ 15.5% |
| Taxes, remuneration and social security45 | - | - | €24k | €12k | €10k | ▼ 14.6% |
| Taxes450/3 | - | - | €22k | €10k | €6k | ▼ 39.1% |
| Remuneration and social security454/9 | - | - | €2k | €2k | €4k | ▲ 138% |
| Other amounts payable47/48 | - | - | €87k | €125k | €116k | ▼ 7.1% |
| Accrued charges and deferred income492/3 | - | - | €704 | €1k | €12k | ▲ 1,097% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €-8k | €70k | €28k | €84k | ▲ 199% |
| + Depreciation and write-downs630 | €4k | €47k | €44k | €23k | €23k | ▲ 1.3% |
| Operating cash flow (approximation) | €21k | €38k | €114k | €51k | €107k | ▲ 111% |
| Investment in fixed assets (approximation) | - | €-610k | €-6k | €0 | €-32k | - |
| Change in cash | - | €9k | €5k | €-12k | €11k | ▲ 185% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Highest result since 2018net €84k ▲199%
Operating result €118k, net result €84k, both a record.
30-09
Financial
Equity above €200kEq €203k ▲71.1%
3 profitable years in a row build equity to €203k.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
30-09
Financial
Equity above €100kEq €118k ▲31.1%
2 profitable years in a row build equity to €118k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 103 days late
2022
30-09
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
Show earlier events
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
23-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Waregem · 1 establishment unit since 2004
Ground area
3,993 m²
Building footprint
825 m²
Parcel 34040C1121/00M000, Flanders. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
2XTREME
since 20042.142.407.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1121/00M000 | Flanders | 3,993 m² | 1 · 825 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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ANNE ZELLIEN
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NTL TEAM
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Gerpinnes · Eq €199,576
Of 2,018 companies in sector 47770 we hold annual accounts for 897. 693 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-09-2004
Fiscal year end30-09
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
33130Repair, maintenance and installation of machinery and equipment
46180Agents specialised in the wholesale of other particular products
Contact
Phone
0476/71.54.53Waregem
Scores and ratios are computed by Checked and are not a credit decision.