X-CONCEPT
ActiveSummary
X-CONCEPT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show negative equity (-€61,509) and a net result of -€29,330. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 234 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.16 against 0.31 in 2025; short-term debt: 638.3% and cash: 8.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2026Solvency, return and age of the figures
Solvency
-538.3%
Return on assets
-256.7%
Age of the figures
6 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year -€61,509
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-08-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
65 d early
2025
2 d early
2024
2 d early
2023
20 d early
2022
19 d early
2021
19 d early
2020
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 12 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
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Financials · fiscal year 2026, micro schema
Equity
-€61,509▼ 91.1%
2025 · -€32,179
Total assets
€11,427▼ 28.4%
2025 · €15,949
Net result
-€29,330▼ 124%
2025 · -€13,111
Working capital
-€61,509▼ 86.0%
2025 · -€33,070
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20222023202420252026
Operating result-€8,892-€8,352▲ 6.1%-€2,021▲ 75.8%-€12,813▼ 534%-€28,954▼ 126%
Net result-€9,480below the sector's middle half-€8,815below the sector's middle half▲ 7.0%-€2,376within the sector's middle half▲ 73.0%-€13,111below the sector's middle half▼ 452%-€29,330▼ 124%
Equity-€7,877below the sector's middle half-€16,692below the sector's middle half▼ 112%-€19,068below the sector's middle half▼ 14.2%-€32,179below the sector's middle half▼ 68.8%-€61,509▼ 91.1%
Total assets€42,982below the sector's middle half▲ 73.9%€30,630below the sector's middle half▼ 28.7%€19,255below the sector's middle half▼ 37.1%€15,949below the sector's middle half▼ 17.2%€11,427▼ 28.4%
Debt€50,860▲ 120%€47,322▼ 7.0%€38,323▼ 19.0%€48,128▲ 25.6%€72,936▲ 51.5%
Working capital-€14,676below the sector's middle half-€24,328below the sector's middle half▼ 65.8%-€26,264below the sector's middle half▼ 8.0%-€33,070below the sector's middle half▼ 25.9%-€61,509▼ 86.0%
Solvency-18.3%below the sector's middle half▼ 24.8pp-54.5%below the sector's middle half▼ 36.2pp-99.0%below the sector's middle half▼ 44.5pp-201.8%below the sector's middle half▼ 102.7pp-538.3%▼ 336.5pp
Current ratio0.56below the sector's middle half▼ 0.480.36below the sector's middle half▼ 0.190.28below the sector's middle half▼ 0.080.31below the sector's middle half▲ 0.030.16▼ 0.16
Return on assets (ROA)-22.1%below the sector's middle half▼ 42.1pp-28.8%below the sector's middle half▼ 6.7pp-12.3%below the sector's middle half▲ 16.4pp-82.2%below the sector's middle half▼ 69.9pp-256.7%▼ 174.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 stays negative: a loss of €28,954 in 2026 against €12,813 in 2025; the loss grows and 2026 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€28,063▼
2025 · -€11,256
Cash flow
-€28,439▼
2025 · -€11,554
Quick ratio
0.10▼
2025 · 0.21
Debt to equity
-1.19▲
2025 · -1.50
Interest coverage
-69.29▼
2025 · -35.23
Debt ≤ 1 year
€72,936▲
2025 · €48,128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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 6,906 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 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,237 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,542 | €7,779 | €7,779 | €1,557 | €891 | ▼ 42.8% |
| Other operating charges640/8 | €1,614 | €1,792 | €1,587 | €1,736 | €981 | ▼ 43.5% |
| Non-recurring operating charges66A | €404 | - | - | - | - | - |
| Gross operating margin9900 | -€332 | €1,218 | €7,345 | -€9,520 | -€27,083 | ▼ 184% |
| Operating profit (loss)9901 | -€8,892 | -€8,352 | -€2,021 | -€12,813 | -€28,954 | ▼ 126% |
| Financial income75/76B | €0 | €1 | €5 | €21 | €29 | ▲ 38.8% |
| Recurring financial income75 | €0 | €1 | €5 | €21 | €29 | ▲ 38.8% |
| Financial charges65/66B | €589 | €463 | €360 | €319 | €405 | ▲ 26.8% |
| Recurring financial charges65 | €589 | €463 | €360 | €319 | €405 | ▲ 26.8% |
| Profit (loss) for the period before taxes9903 | -€9,480 | -€8,815 | -€2,376 | -€13,111 | -€29,330 | ▼ 124% |
| Profit (loss) for the period9904 | -€9,480 | -€8,815 | -€2,376 | -€13,111 | -€29,330 | ▼ 124% |
| Profit (loss) for the period to be appropriated9905 | -€9,480 | -€8,815 | -€2,376 | -€13,111 | -€29,330 | ▼ 124% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,982 | €30,630 | €19,255 | €15,949 | €11,427 | ▼ 28.4% |
| Fixed assets21/28 | €24,573 | €16,794 | €9,016 | €891 | - | - |
| Tangible fixed assets22/27 | €24,573 | €16,794 | €9,016 | €891 | - | - |
| Plant, machinery and equipment23 | - | - | - | €478 | - | - |
| Furniture and vehicles24 | €759 | €506 | €253 | €413 | - | - |
| Leasing and similar rights25 | €23,815 | €16,289 | €8,763 | - | - | - |
| Current assets29/58 | €18,409 | €13,835 | €10,239 | €15,058 | €11,427 | ▼ 24.1% |
| Stocks and contracts in progress3 | €5,528 | €6,657 | €6,342 | €4,781 | €3,836 | ▼ 19.8% |
| Stocks30/36 | €5,528 | €6,657 | €6,342 | €4,781 | €3,836 | ▼ 19.8% |
| Amounts receivable within one year40/41 | €3,266 | €283 | €1,386 | - | €306 | - |
| Trade receivables40 | €1,766 | €283 | €1,386 | - | €306 | - |
| Other amounts receivable41 | €1,500 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €8,335 | €5,444 | €2,511 | €1,953 | €985 | ▼ 49.5% |
| Deferred charges and accrued income490/1 | €1,280 | €1,451 | - | €8,325 | €6,300 | ▼ 24.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,982 | €30,630 | €19,255 | €15,949 | €11,427 | ▼ 28.4% |
| Equity10/15 | -€7,877 | -€16,692 | -€19,068 | -€32,179 | -€61,509 | ▼ 91.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €359 | €359 | €359 | €359 | €359 | = |
| Non-distributable reserves130/1 | €359 | €359 | €359 | €359 | €359 | = |
| Reserves not available under the articles1311 | €359 | €359 | €359 | €359 | €359 | = |
| Profit (loss) carried forward14 | -€14,436 | -€23,251 | -€25,627 | -€38,738 | -€68,068 | ▼ 75.7% |
| Amounts payable17/49 | €50,860 | €47,322 | €38,323 | €48,128 | €72,936 | ▲ 51.5% |
| Amounts payable after more than one year17 | €17,619 | €9,159 | €1,819 | - | - | - |
| Financial debts170/4 | €17,619 | €9,159 | €1,819 | - | - | - |
| Amounts payable within one year42/48 | €33,085 | €38,163 | €36,503 | €48,128 | €72,936 | ▲ 51.5% |
| Current portion of amounts payable after more than one year42 | €5,976 | €7,258 | €7,339 | - | - | - |
| Trade debts44 | €3,222 | €2,136 | €2,355 | €96 | €160 | ▲ 67.0% |
| Suppliers440/4 | €3,222 | €2,136 | €2,355 | €96 | €160 | ▲ 67.0% |
| Taxes, remuneration and social security45 | €4,899 | €2,739 | €2,060 | €2,459 | €2,672 | ▲ 8.7% |
| Taxes450/3 | €4,899 | €2,739 | €2,060 | €1,459 | €2,672 | ▲ 83.1% |
| Remuneration and social security454/9 | - | - | - | €1,000 | - | - |
| Other amounts payable47/48 | €18,989 | €26,031 | €24,748 | €45,573 | €70,103 | ▲ 53.8% |
| Accrued charges and deferred income492/3 | €156 | - | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,480 | -€8,815 | -€2,376 | -€13,111 | -€29,330 | ▼ 124% |
| + Depreciation and write-downs630 | €6,542 | €7,779 | €7,779 | €1,557 | €891 | ▼ 42.8% |
| Operating cash flow (approximation) | -€2,939 | -€1,036 | €5,403 | -€11,554 | -€28,439 | ▼ 146% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €6,568 | - | - |
| Change in cash | - | -€2,891 | -€2,933 | -€559 | -€967 | ▼ 73.2% |
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 2027, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Weakest financial yearnet -€29,330
Net result drops to -€29,330, the lowest in the series.
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €5,864
Net result €5,864 after one loss-making year.
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2009
Ground area
509 m²
Building footprint
485 m²
Volume, LiDAR
5,984 m³
Parcel 11811L3772/00W002, Flanders · tallest building 19.7 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Passion4Jewels // Amanto
since 20092.177.583.682
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3772/00W002 | Flanders | 509 m² | 1 · 485 m² | 19.7 m · 5 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 12,955 companies in sector 47120 we hold annual accounts for 2,193. 565 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
Founded18-03-2009
Fiscal year end31-03
Activities, NACEBEL 2025
47120Other non-specialised retail sale
68110Buying and selling of own real estate
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0810493990
Also
9925:BE0810493990
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.