SXDX
ActiveSummary
SXDX has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,937 and a net result of €962. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+60
Solvency58▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 0.8 in 2024; short-term debt: 18.1% of total assets), but 67.5% of the assets are financed with debt.
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Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
Solvency
32.5%
Return on assets
1.3%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
14 d late
2021
3 d late
2020
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 31 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€24,937▲ 4.0%
2024 · €23,975
Total assets
€76,677▲ 1.0%
2024 · €75,952
Net result
€962
2024 · -€5,220
Working capital
€16,943
2024 · -€5,986
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Operating result-€362-€7,232▼ 1,898%€6,867-€3,911€1,441
Net result-€685below the sector's middle half-€7,841below the sector's middle half▼ 1,045%€6,485within the sector's middle half-€5,220below the sector's middle half€962below the sector's middle half
Equity€30,550within the sector's middle half▼ 2.2%€22,710within the sector's middle half▼ 25.7%€29,195within the sector's middle half▲ 28.6%€23,975within the sector's middle half▼ 17.9%€24,937within the sector's middle half▲ 4.0%
Total assets€98,767within the sector's middle half▲ 146%€83,486within the sector's middle half▼ 15.5%€85,114within the sector's middle half▲ 2.0%€75,952within the sector's middle half▼ 10.8%€76,677within the sector's middle half▲ 1.0%
Debt€68,217▲ 664%€60,776▼ 10.9%€55,920▼ 8.0%€51,977▼ 7.1%€51,740▼ 0.5%
Working capital€14,009within the sector's middle half▲ 5.3%€11,023within the sector's middle half▼ 21.3%€19,523within the sector's middle half▲ 77.1%-€5,986below the sector's middle half€16,943within the sector's middle half
Solvency30.9%within the sector's middle half▼ 46.8pp27.2%within the sector's middle half▼ 3.7pp34.3%within the sector's middle half▲ 7.1pp31.6%within the sector's middle half▼ 2.7pp32.5%within the sector's middle half▲ 1.0pp
Current ratio1.73within the sector's middle half▼ 0.791.44within the sector's middle half▼ 0.291.68within the sector's middle half▲ 0.240.80below the sector's middle half▼ 0.882.22within the sector's middle half▲ 1.42
Return on assets (ROA)-0.7%below the sector's middle half▼ 32.2pp-9.4%below the sector's middle half▼ 8.7pp7.6%within the sector's middle half▲ 17.0pp-6.9%below the sector's middle half▼ 14.5pp1.3%below the sector's middle half▲ 8.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,441 after a loss of €3,911 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,677
Fixed assets
€45,848 ▼ 11.8%
Current assets
€30,829 ▲ 28.6%
Equity and liabilities €76,677
Equity
€24,937 ▲ 4.0%
Debt
€51,740 ▼ 0.5%
Debt's share of the balance-sheet total falls from 68.4% to 67.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5,051▲
2024 · -€92
Cash flow
€4,572▲
2024 · -€1,401
Debt to equity
2.07▼
2024 · 2.17
ROE
3.9%▲
2024 · -21.8%
Interest coverage
25.52▲
2024 · -0.08
Debt ≤ 1 year
€13,886▼
2024 · €29,960
Debt > 1 year
€37,854▲
2024 · €22,017
Income taxes
€281▲
2024 · €218
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,048 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €157 | €1,000 | ▲ 537% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,712 | €6,214 | €6,713 | €3,819 | €3,610 | ▼ 5.5% |
| Other operating charges640/8 | - | €971 | €507 | €910 | €750 | ▼ 17.6% |
| Gross operating margin9900 | €6,264 | -€47 | €14,086 | €818 | €5,801 | ▲ 609% |
| Operating profit (loss)9901 | -€362 | -€7,232 | €6,867 | -€3,911 | €1,441 | ▲ 137% |
| Financial income75/76B | - | €1,012 | €750 | - | €0 | - |
| Recurring financial income75 | €495 | €1,012 | €750 | - | €0 | - |
| Financial charges65/66B | - | €1,511 | €1,019 | €1,091 | €198 | ▼ 81.9% |
| Recurring financial charges65 | €709 | €1,511 | €1,019 | €1,091 | €198 | ▼ 81.9% |
| Profit (loss) for the period before taxes9903 | -€576 | -€7,731 | €6,598 | -€5,002 | €1,243 | ▲ 125% |
| Income taxes67/77 | €109 | €110 | €113 | €218 | €281 | ▲ 28.9% |
| Profit (loss) for the period9904 | -€685 | -€7,841 | €6,485 | -€5,220 | €962 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | -€685 | -€7,841 | €6,485 | -€5,220 | €962 | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €98,767 | €83,486 | €85,114 | €75,952 | €76,677 | ▲ 1.0% |
| Formation expenses20 | €1,542 | €1,028 | €514 | - | - | - |
| Fixed assets21/28 | €63,970 | €46,270 | €36,477 | €51,978 | €45,848 | ▼ 11.8% |
| Intangible fixed assets21 | €2,985 | €1,493 | - | - | - | - |
| Tangible fixed assets22/27 | €9,495 | €6,646 | €11,940 | €11,604 | €7,994 | ▼ 31.1% |
| Plant, machinery and equipment23 | - | €3,034 | €429 | €313 | €197 | ▼ 37.0% |
| Furniture and vehicles24 | - | €3,612 | €11,511 | €11,291 | €7,797 | ▼ 30.9% |
| Financial fixed assets28 | €51,490 | €38,131 | €24,537 | €40,374 | €37,854 | ▼ 6.2% |
| Current assets29/58 | €33,255 | €36,188 | €48,124 | €23,974 | €30,829 | ▲ 28.6% |
| Amounts receivable within one year40/41 | €32,705 | €28,024 | €44,455 | €19,318 | €30,829 | ▲ 59.6% |
| Trade receivables40 | - | €1,346 | €12,423 | €6,000 | €12,300 | ▲ 105% |
| Other amounts receivable41 | - | €26,678 | €32,032 | €13,318 | €18,529 | ▲ 39.1% |
| Cash at bank and in hand54/58 | €550 | €8,164 | €3,635 | €606 | - | - |
| Deferred charges and accrued income490/1 | - | - | €34 | €4,050 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €98,767 | €83,486 | €85,114 | €75,952 | €76,677 | ▲ 1.0% |
| Equity10/15 | €30,550 | €22,710 | €29,195 | €23,975 | €24,937 | ▲ 4.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €11,860 | €11,860 | €11,860 | €11,860 | €11,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €90 | -€7,750 | -€1,265 | -€6,485 | -€5,523 | ▲ 14.8% |
| Amounts payable17/49 | €68,217 | €60,776 | €55,920 | €51,977 | €51,740 | ▼ 0.5% |
| Amounts payable after more than one year17 | €48,970 | €35,611 | €26,739 | €22,017 | €37,854 | ▲ 71.9% |
| Financial debts170/4 | - | €35,611 | €26,739 | €22,017 | €37,854 | ▲ 71.9% |
| Amounts payable within one year42/48 | €19,246 | €25,165 | €28,600 | €29,960 | €13,886 | ▼ 53.7% |
| Current portion of amounts payable after more than one year42 | - | €13,359 | €18,474 | €4,722 | - | - |
| Financial debts43 | - | - | - | - | €2,842 | - |
| Credit institutions430/8 | - | - | - | - | €2,842 | - |
| Trade debts44 | €1,657 | €3,241 | €2,582 | €1,778 | €2,359 | ▲ 32.7% |
| Suppliers440/4 | - | €3,241 | €2,582 | €1,778 | €2,359 | ▲ 32.7% |
| Taxes, remuneration and social security45 | - | €6,326 | €4,942 | €6,903 | €8,047 | ▲ 16.6% |
| Taxes450/3 | - | €4,231 | €4,942 | €2,022 | €4,452 | ▲ 120% |
| Remuneration and social security454/9 | - | €2,096 | - | €4,881 | €3,595 | ▼ 26.3% |
| Other amounts payable47/48 | - | €2,238 | €2,603 | €16,557 | €638 | ▼ 96.1% |
| Accrued charges and deferred income492/3 | - | - | €580 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€685 | -€7,841 | €6,485 | -€5,220 | €962 | ▲ 118% |
| + Depreciation and write-downs630 | €5,712 | €6,214 | €6,713 | €3,819 | €3,610 | ▼ 5.5% |
| Operating cash flow (approximation) | €5,028 | -€1,626 | €13,198 | -€1,401 | €4,572 | ▲ 426% |
| Investment in fixed assets (approximation) | - | €11,486 | €3,080 | -€19,320 | €2,520 | ▲ 113% |
| Change in cash | - | €7,614 | -€4,529 | -€3,029 | - | - |
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
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Back to profitnet €962
Net result €962 after one loss-making year.
31-03
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.80 to 2.22; short-term debt falls from €29,960 to €13,886.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €6,485
Net result €6,485 after 2 loss-making years.
2022
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
31-03
Financial
Weakest financial yearnet -€7,841
Net result drops to -€7,841, the lowest in the series; recovery starts the following year.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
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, Leopoldsburg · 1 establishment unit since 2019
Ground area
1,281 m²
Building footprint
208 m²
Volume, LiDAR
684 m³
Parcel 71023A0120/00C004, Flanders · tallest building 4.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SXDX
since 20192.288.298.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71023A0120/00C004 | Flanders | 1,281 m² | 1 · 208 m² | 4.3 m · 1 fl. |
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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,271 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
Founded03-04-2019
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
25110Manufacture of metal structures and parts of structures
90392Design and construction of stages and sets
E-invoicing
Reachable via Peppol
Peppol ID
0208:0724503193
Also
9925:BE0724503193
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.