X.
ActiveSummary
X. has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,439 and a net result of €8,627. Its solvency ranks better than 76% of 2057 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▼-8
Solvency100▲+6
Growth52
Track record82
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 3.9 against 3.05 in 2024; short-term debt: 25.2% and cash: 79.9% of total assets), and 25.2% 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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.8%
Return on assets
18.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 2 filingsDeviation from the deadline
2025
18 d late
2024
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€35,439▲ 32.2%
2024 · €26,812
Total assets
€47,386▲ 21.5%
2024 · €39,000
Net result
€8,627▼ 60.5%
2024 · €21,812
Working capital
€34,635▲ 38.4%
2024 · €25,027
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€28,798-€12,418▼ 56.9%
Net result€21,812-€8,627▼ 60.5%
Equity€26,812-€35,439▲ 32.2%
Total assets€39,000-€47,386▲ 21.5%
Debt€12,188-€11,947▼ 2.0%
Working capital€25,027-€34,635▲ 38.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,386
Fixed assets
€804 ▼ 45.7%
Current assets
€46,582 ▲ 25.2%
Equity and liabilities €47,386
Equity
€35,439 ▲ 32.2%
Debt
€11,947 ▼ 2.0%
Debt's share of the balance-sheet total falls from 31.3% to 25.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,400▼
2024 · €30,841
Cash flow
€9,609▼
2024 · €23,856
Current ratio
3.90▲
2024 · 3.05
Debt to equity
0.34▼
2024 · 0.45
ROE
24.3%▼
2024 · 81.4%
ROA
18.2%▼
2024 · 55.9%
Interest coverage
11.48▼
2024 · 28.85
Debt ≤ 1 year
€11,947▼
2024 · €12,188
Income taxes
€2,791▼
2024 · €5,918
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,043 | €982 | ▼ 51.9% |
| Other operating charges640/8 | €50 | €0 | ▼ 100% |
| Gross operating margin9900 | €30,891 | €13,400 | ▼ 56.6% |
| Operating profit (loss)9901 | €28,798 | €12,418 | ▼ 56.9% |
| Financial income75/76B | €2 | €166 | ▲ 7,123% |
| Recurring financial income75 | €2 | €166 | ▲ 7,123% |
| Financial charges65/66B | €1,069 | €1,167 | ▲ 9.1% |
| Recurring financial charges65 | €1,069 | €1,167 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €27,731 | €11,417 | ▼ 58.8% |
| Income taxes67/77 | €5,918 | €2,791 | ▼ 52.8% |
| Profit (loss) for the period9904 | €21,812 | €8,627 | ▼ 60.5% |
| Profit (loss) for the period to be appropriated9905 | €21,812 | €8,627 | ▼ 60.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €39,000 | €47,386 | ▲ 21.5% |
| Formation expenses20 | €306 | €0 | ▼ 100% |
| Fixed assets21/28 | €1,480 | €804 | ▼ 45.7% |
| Tangible fixed assets22/27 | €1,480 | €804 | ▼ 45.7% |
| Furniture and vehicles24 | €1,480 | €804 | ▼ 45.7% |
| Current assets29/58 | €37,215 | €46,582 | ▲ 25.2% |
| Amounts receivable within one year40/41 | €4,376 | €7,781 | ▲ 77.8% |
| Trade receivables40 | €4,346 | €7,781 | ▲ 79.0% |
| Other amounts receivable41 | €30 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €32,148 | €37,873 | ▲ 17.8% |
| Deferred charges and accrued income490/1 | €690 | €929 | ▲ 34.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €39,000 | €47,386 | ▲ 21.5% |
| Equity10/15 | €26,812 | €35,439 | ▲ 32.2% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €21,812 | €30,439 | ▲ 39.5% |
| Distributable reserves133 | €21,812 | €30,439 | ▲ 39.5% |
| Amounts payable17/49 | €12,188 | €11,947 | ▼ 2.0% |
| Amounts payable within one year42/48 | €12,188 | €11,947 | ▼ 2.0% |
| Trade debts44 | €407 | €164 | ▼ 59.6% |
| Suppliers440/4 | €407 | €164 | ▼ 59.6% |
| Taxes, remuneration and social security45 | €10,013 | €10,544 | ▲ 5.3% |
| Taxes450/3 | €10,013 | €10,544 | ▲ 5.3% |
| Other amounts payable47/48 | €1,768 | €1,239 | ▼ 29.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €21,812 | €8,627 | ▼ 60.5% |
| + Depreciation and write-downs630 | €2,043 | €982 | ▼ 51.9% |
| Operating cash flow (approximation) | €23,856 | €9,609 | ▼ 59.7% |
| Investment in fixed assets (approximation) | - | -€306 | - |
| Change in cash | - | €5,724 | - |
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
2026
17-09
State Gazette act
Board meeting · Registered-office movePower of attorney4 facts ▸
State Gazette act
Board meeting · Registered-office move
Power of attorney4 facts ▸
- Board meeting, 02-05-2026
- Registered-office move, Kortrijksesteenweg 63 bus 3, 9830 Sint-Martens-Latem
- Power of attorney, BV MERAKI
- Power of attorney
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
State Gazette actNBB filing
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Martens-Latem · 1 establishment unit since 2024
Ground area
2,584 m²
Building footprint
556 m²
Volume, LiDAR
3,288 m³
2 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
X.
since 20242.355.624.808
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44064B0645/00A003 | Flanders | 1,807 m² | 1 · 288 m² | 11.0 m · 3 fl. |
| 44074A0545/00G000 | Flanders | 777 m² | 1 · 267 m² | 11.7 m |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
ERVI
BE 0472.754.442
Sint-Martens-Latem · Eq €35,378
NICOLAS MARTIN KINESITHERAPEUTE
BE 0781.475.154
Verviers · Eq €35,839
GENERATION FIT
BE 0730.829.078
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Climate Governance
BE 0765.424.327
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COLUMBUS 4
BE 1020.166.915
Chaudfontaine · Eq €36,207
Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 986 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
Founded31-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
85510Sports and recreation education
93199Other sports activities
Contact
E-mail
edbpersonaltraining@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.