Embassy X
ActiveEmbassy X has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-380k) and a net result of €-26k. Equity is shrinking by ~19.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 1413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.02 in 2024; cash: 86.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Return on assets
-462.2%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-380k
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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
4 d early
2024
26 d late
2023
8 d early
2022
8 d late
2021
5 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€70k▼ 73.6%
2022 · €264k
2021: €444k
2022: €264k
2021 → 2023
EBIT margin
-92.0%▼ 38.0pp
2022 · -54.0%
2021: -32.4%
2022: -54.0%
2021 → 2023
Net result
€-26k▲ 9.0%
2024 · €-28k
2021: €-150k
2022: €-155k
2023: €-83k
2024: €-28k
2021 → 2025
Working capital
€-380k▼ 7.3%
2024 · €-354k
2021: €-141k
2022: €-252k
2023: €-326k
2024: €-354k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€444k-€264k▼ 40.6%€70k▼ 73.6%
Equity€-88k-€-243k▼ 175%€-326k▼ 34.2%€-354k▼ 8.7%€-380k▼ 7.3%
Operating result€-144k-€-143k▲ 0.8%€-64k▲ 55.0%€-10k▲ 85.2%€-8k▲ 10.8%
Net result€-150k-€-155k▼ 2.9%€-83k▲ 46.3%€-28k▲ 65.7%€-26k▲ 9.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €10k in 2024; the loss shrinks.
Key figures and ratios
Current ratio
0.01▼
2024 · 0.02
Quick ratio
0.01▼
2024 · 0.02
Debt / equity
-1.01▲
2024 · -1.02
ROA
-462.2%▼
2024 · -385.1%
Debt
€386k▲
2024 · €362k
Debt ≤ 1 year
€386k▲
2024 · €362k
A ratio outside any meaningful range has been withheld (balance sheet total €6k, equity €-380k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7k€6k▼
Current assets29/58€7k€6k▼
Amounts receivable within one year40/41€3k€643▼
Other amounts receivable41€3k€643▼
Cash at bank and in hand54/58€4k€5k▲
Deferred charges and accrued income490/1-€103
Equity and liabilities
Total equity and liabilities10/49€7k€6k▼
Equity10/15€-354k€-380k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Profit (loss) carried forward14€-416k€-442k▼
Amounts payable17/49€362k€386k▲
Amounts payable within one year42/48€362k€386k▲
Trade debts44€8k€8k▲
Suppliers440/4€8k€8k▲
Taxes, remuneration and social security45€298-
Taxes450/3€298-
Other amounts payable47/48€354k€378k▲
Income statement
Code20242025
Goods, raw materials, services and sundry goods60/61€8k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€152-
Other operating charges640/8€1k€680▼
Gross operating margin9900€-8k€-8k▲
Operating profit (loss)9901€-10k€-8k▲
Financial charges65/66B€19k€17k▼
Recurring financial charges65€19k€17k▼
Profit (loss) for the period before taxes9903€-28k€-26k▲
Profit (loss) for the period9904€-28k€-26k▲
Profit (loss) for the period to be appropriated9905€-28k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-416k€-442k▼
Profit (loss) brought forward from the previous period14P€-388k€-416k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet €-155k
Net result drops to €-155k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2023
Josephus de Wit: Resigned as Managing director
31-12-2023
Josephus de Wit: Resigned as Director
31-12-2023
KOO NV: Resigned as Director
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2020
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.
Veldkant 33 A2550 KontichGround area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Embassy X
since 20202.310.199.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 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.
Statutory auditor
1 auditor| EY Bedrijfsrevisoren BV Statutory auditor · represented by Sara Van Heghe | - → 05-10-2020 |
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 30,000 companies in sector 62200 we hold annual accounts for 18,394.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-01-2020
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.