CxO Advisory

Active

Private limited companyfounded 20241 yr activeRamselsesteenweg 170, 2230 Herselt, BelgiumKBO/BCE: BE 1017.297.990

CxO Advisory has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €8k. Its solvency ranks better than 32% of 1968 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2025

73 / 100

Healthy

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency59

Growth-

Stability67

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 3.58), but 75.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 90

Relative position

BE, all sectors

reference

Sector 90

lower

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

1 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2025, micro schema

Equity

€9k

Total assets

€37k

Net result

€8k

Working capital

€14k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €37k

47.0%

53.0%

Fixed assets €17k

Current assets €20k

Equity and liabilities €37k

24.7%

75.3%

Equity €9k

Debt €28k

Debt finances 75.3% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€17k

Cash flow

€13k

Solvency

24.7%

Current ratio

3.58

Quick ratio

3.42

Debt / equity

3.04

ROE

85.5%

ROA

21.1%

Interest coverage

21.35

Debt

€28k

Debt ≤ 1 year

€5k

Debt > 1 year

€22k

Income taxes

€3k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€37k

Fixed assets21/28€17k

Tangible fixed assets22/27€17k

Furniture and vehicles24€17k

Current assets29/58€20k

Stocks and contracts in progress3€886

Stocks30/36€886

Amounts receivable within one year40/41€3k

Trade receivables40€2k

Other amounts receivable41€404

Cash at bank and in hand54/58€16k

Equity and liabilities

Total equity and liabilities10/49€37k

Equity10/15€9k

Contributions10/11€3k

Reserves13€6k

Distributable reserves133€6k

Amounts payable17/49€28k

Amounts payable after more than one year17€22k

Financial debts170/4€22k

Amounts payable within one year42/48€5k

Trade debts44€688

Suppliers440/4€688

Taxes, remuneration and social security45€3k

Taxes450/3€3k

Other amounts payable47/48€2k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k

Other operating charges640/8€685

Gross operating margin9900€17k

Operating profit (loss)9901€12k

Financial income75/76B€0

Recurring financial income75€0

Financial charges65/66B€784

Recurring financial charges65€784

Profit (loss) for the period before taxes9903€11k

Income taxes67/77€3k

Profit (loss) for the period9904€8k

Profit (loss) for the period to be appropriated9905€8k

Appropriation of the result

Profit (loss) to be appropriated9906€8k

Transfer to equity691/2€6k

To other reserves6921€6k

Profit to be distributed694/7€2k

Return on contributions (dividend)694€2k

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Gazette 1Filings 1

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

31-03

State Gazette act Purpose · Statutes amendment · Resignations & appointments · Miscellaneous

Incorporation · Founder · Founding capital12 facts ▸

Incorporation, 11 december 2024
Founder, GROENWALS Tibo
Founding capital, €3.000
Name change, CxO Advisory
Purpose change, De vennootschap heeft tot voorwerp, in België en in het buitenland: 1. Het verstrekken van management-, organisatie-, strategie- en IT-consultancy, met inbegrip…
Director reappointment, GROENWALS Tibo (niet-statutair bestuurder)
Director appointment, GROENWALS Tim Bert Maarten (niet-statutair bestuurder)
Mandate compensation, GROENWALS Tibo
Mandate compensation, GROENWALS Tim Bert Maarten
Permanent representative, GROENWALS Tim Bert Maarten
Power of attorney, ClearTax BV
Statutes amendment

State Gazette actNBB filing

Directors · office · real estate

Directors

2 directors, no change since 2026

GROENWALS Tim Bert Maarten

Non-statutory director · since 31-03-2026

Current

GROENWALS Tibo

Non-statutory director

Current

31-03-2026 GROENWALS Tim Bert Maarten: Appointed as Non-statutory director

Location & real-estate footprint

Registered office, Herselt · 1 establishment unit since 2024

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ramselsesteenweg 1702230 Herselt

Ground area

1,448 m²

Building footprint

137 m²

Volume, LiDAR

969 m³

Parcel 13392K0230/00F000, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Wals Productions

Ramselsesteenweg 170, 2230 HerseltIT consultancy

since 20242.367.394.173

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13392K0230/00F000	Flanders	1,448 m²	1 · 137 m²	9.3 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Structure & network

Capital and shareholders

Founding capital 3,000 EUR · 300 shares

founder: GROENWALS Tibo

State Gazette act of 31-03-2026

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 129 EUR awarded · 129 EUR paid

Year	Entries	awarded	paid
2025	1	129 EUR	129 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 129 EUR · 129 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Chaumont-Gistoux · Eq €9k

CUE DESIGN

BE 0690.905.561

Wuustwezel · Eq €9k

Of 3,380 companies in sector 90393 we hold annual accounts for 930. 461 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-12-2024

Fiscal year end31-12

Activities, NACEBEL

90393Specialised image, lighting and sound technical services

43212Electrical installation work in industrial facilities

43990Other specialised construction activities

43999Specialised construction activities

62020IT consultancy

62200Computer consultancy and computer facilities management

90022Arts creation and performing arts activities

90032Arts creation and performing arts activities

90120Visual arts creation

90392Design and construction of stages and sets

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.