X 3
ActiveSummary
X 3 has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €550k and a net result of €-65k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 3200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-78
Solvency54▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 11.13 against 7.62 in 2024; short-term debt: 4.6% and cash: 0.4% of total assets), but 70.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
on the day
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-65k
2024 · €417k
Working capital
€874k▼ 3.3%
2024 · €904k
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
Line20212022202320242025
Operating result€-110k€-82k▲ 25.0%€-82k▲ 0.3%€453k€-20k
Net result€-123k€-74k▲ 39.7%€-137k▼ 84.5%€417k€-65k
Equity€409k▼ 23.2%€335k▼ 18.2%€197k▼ 41.0%€615k▲ 211%€550k▼ 10.5%
Total assets€2.39M▲ 0.3%€2.19M▼ 8.1%€2.02M▼ 7.9%€2.00M▼ 0.8%€1.89M▼ 5.7%
Debt€1.98M▲ 7.1%€1.86M▼ 6.1%€1.82M▼ 2.0%€1.39M▼ 23.8%€1.34M▼ 3.6%
Working capital€897k▼ 10.8%€888k▼ 1.0%€717k▼ 19.2%€904k▲ 26.0%€874k▼ 3.3%
Staff (FTE)0000
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €453k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.89M
Fixed assets
€926k ▼ 3.6%
Current assets
€960k ▼ 7.7%
Equity and liabilities €1.89M
Equity
€550k ▼ 10.5%
Debt
€1.34M ▼ 3.6%
Debt's share of the balance-sheet total rises from 69.3% to 70.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15k▼
2024 · €500k
Cash flow
€-30k▼
2024 · €465k
Current ratio
11.13▲
2024 · 7.62
Quick ratio
10.94▲
2024 · 7.62
Debt to equity
2.43▲
2024 · 2.26
ROE
-11.7%▼
2024 · 67.9%
ROA
-3.4%▼
2024 · 20.9%
Interest coverage
0.34▼
2024 · 9.67
Debt ≤ 1 year
€86k▼
2024 · €137k
Debt > 1 year
€1.25M=
2024 · €1.25M
Income taxes
€444▲
2024 · €434
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | €502k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €0 | €420 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €65k | €67k | €47k | €35k | ▼ 25.6% |
| Other operating charges640/8 | €21k | €8k | €7k | €11k | €6k | ▼ 43.6% |
| Gross operating margin9900 | €-22k | €-9k | €-8k | €510k | €21k | ▼ 95.9% |
| Operating profit (loss)9901 | €-110k | €-82k | €-82k | €453k | €-20k | ▼ 104% |
| Financial income75/76B | €1 | €77k | €0 | €17k | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €77k | €0 | €17k | €0 | ▼ 100% |
| Financial charges65/66B | €12k | €67k | €54k | €52k | €44k | ▼ 15.2% |
| Recurring financial charges65 | €12k | €67k | €54k | €52k | €44k | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €-122k | €-73k | €-136k | €418k | €-64k | ▼ 115% |
| Income taxes67/77 | €1k | €1k | €1k | €434 | €444 | ▲ 2.2% |
| Profit (loss) for the period9904 | €-123k | €-74k | €-137k | €417k | €-65k | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €-123k | €-74k | €-137k | €417k | €-65k | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.39M | €2.19M | €2.02M | €2.00M | €1.89M | ▼ 5.7% |
| Fixed assets21/28 | €1.18M | €1.15M | €1.08M | €961k | €926k | ▼ 3.6% |
| Tangible fixed assets22/27 | €482k | €461k | €394k | €273k | €238k | ▼ 12.8% |
| Land and buildings22 | €467k | €449k | €385k | €268k | €235k | ▼ 12.4% |
| Furniture and vehicles24 | €15k | €12k | €9k | €5k | €3k | ▼ 35.9% |
| Financial fixed assets28 | €698k | €688k | €688k | €688k | €688k | = |
| Current assets29/58 | €1.21M | €1.04M | €936k | €1.04M | €960k | ▼ 7.7% |
| Stocks and contracts in progress3 | - | - | - | - | €16k | - |
| Stocks30/36 | - | - | - | - | €16k | - |
| Amounts receivable within one year40/41 | €1.18M | €1.03M | €933k | €1.03M | €935k | ▼ 9.2% |
| Trade receivables40 | €109k | €68k | €16k | €5k | €7k | ▲ 21.1% |
| Other amounts receivable41 | €1.07M | €959k | €917k | €1.02M | €928k | ▼ 9.3% |
| Cash at bank and in hand54/58 | €17k | €12k | €2k | €9k | €8k | ▼ 12.0% |
| Deferred charges and accrued income490/1 | €13k | €4k | €2k | €2k | €2k | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.39M | €2.19M | €2.02M | €2.00M | €1.89M | ▼ 5.7% |
| Equity10/15 | €409k | €335k | €197k | €615k | €550k | ▼ 10.5% |
| Contributions10/11 | €402k | €402k | €402k | €402k | €402k | = |
| Capital10 | €402k | €402k | €402k | €402k | €402k | = |
| Issued capital100 | €402k | €402k | €402k | €402k | €402k | = |
| Reserves13 | €40k | €40k | €40k | €40k | €40k | = |
| Non-distributable reserves130/1 | €40k | €40k | €40k | €40k | €40k | = |
| Legal reserve130 | €40k | €40k | €40k | €40k | €40k | = |
| Distributable reserves133 | €0 | - | - | - | - | - |
| Profit (loss) carried forward14 | €-34k | €-108k | €-245k | €172k | €108k | ▼ 37.5% |
| Amounts payable17/49 | €1.98M | €1.86M | €1.82M | €1.39M | €1.34M | ▼ 3.6% |
| Amounts payable after more than one year17 | €1.65M | €1.68M | €1.58M | €1.25M | €1.25M | = |
| Financial debts170/4 | €1.65M | €1.68M | €1.58M | €1.25M | €1.25M | = |
| Amounts payable within one year42/48 | €309k | €155k | €219k | €137k | €86k | ▼ 36.8% |
| Current portion of amounts payable after more than one year42 | €74k | €28k | €28k | €0 | - | - |
| Financial debts43 | €164 | €40 | €0 | - | - | - |
| Credit institutions430/8 | €164 | €40 | €0 | - | - | - |
| Trade debts44 | €12k | €9k | €13k | €5k | €7k | ▲ 34.2% |
| Suppliers440/4 | €12k | €9k | €13k | €5k | €7k | ▲ 34.2% |
| Taxes, remuneration and social security45 | €11k | €6k | €3k | €434 | €3k | ▲ 490% |
| Taxes450/3 | €11k | €4k | €3k | €434 | €3k | ▲ 490% |
| Remuneration and social security454/9 | - | €2k | €0 | - | - | - |
| Other amounts payable47/48 | €213k | €112k | €175k | €131k | €76k | ▼ 41.5% |
| Accrued charges and deferred income492/3 | €16k | €17k | €18k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-123k | €-74k | €-137k | €417k | €-65k | ▼ 115% |
| + Depreciation and write-downs630 | €67k | €65k | €67k | €47k | €35k | ▼ 25.6% |
| Operating cash flow (approximation) | €-56k | €-10k | €-70k | €465k | €-30k | ▼ 106% |
| Investment in fixed assets (approximation) | - | €-34k | €0 | €73k | €0 | ▼ 100% |
| Change in cash | - | €-5k | €-10k | €7k | €-1k | ▼ 115% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €417k
Net result €417k after 3 loss-making years.
31-12
Financial
Equity above €500kEq €615k ▲211%
Equity rises from €197k to €615k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-137k
Net result drops to €-137k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 8.84
Current ratio from 3.79 to 8.84; short-term debt falls from €257k to €128k.
31-12
Financial
Equity above €500kEq €532k ▲70.7%
2 profitable years in a row build equity to €532k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Dilbeek · 1 establishment unit since 2002
Ground area
4,431 m²
Building footprint
261 m²
Volume, LiDAR
1,774 m³
Parcel 23016E0047/00V000, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
X3
since 20022.096.203.751
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23016E0047/00V000 | Flanders | 4,431 m² | 1 · 261 m² | 13.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600OKBFVC5WA8S161
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 33,882 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
41001General construction of residential buildings
68121Development of residential building projects
68122Development of non-residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.