X-DECO
ActiveSummary
X-DECO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €-9k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▼-20
Solvency60▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.84 in 2024; short-term debt: 32.9% and cash: 22.9% of total assets), and 64.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 · 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
35.1%
Return on assets
-4.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d early
2023
44 d early
2022
11 d early
2021
67 d early
2020
5 d early
2019
37 d early
← 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
Financials · fiscal year 2025, micro schema
Equity
€64k▼ 22.5%
2024 · €82k
Total assets
€182k▼ 1.7%
2024 · €185k
Net result
€-9k
2024 · €20k
Working capital
€24k▼ 40.0%
2024 · €41k
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€13k▲ 217%€15k▲ 15.4%€12k▼ 20.9%€31k▲ 159%€-6k
Net result€5k€8k▲ 54.4%€6k▼ 27.2%€20k▲ 250%€-9k
Equity€44k▼ 6.1%€52k▲ 18.4%€63k▲ 21.7%€82k▲ 31.2%€64k▼ 22.5%
Total assets€191k▲ 7.5%€177k▼ 7.3%€176k▼ 0.8%€185k▲ 5.1%€182k▼ 1.7%
Debt€148k▲ 12.3%€126k▼ 14.9%€113k▼ 10.0%€103k▼ 9.4%€118k▲ 15.0%
Working capital€23k▼ 15.0%€25k▲ 12.1%€39k▲ 53.9%€41k▲ 4.4%€24k▼ 40.0%
Staff (FTE)2.1▲ 75.0%1.9▼ 9.5%2.2▲ 15.8%2.3▲ 4.5%2.2▼ 4.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €31k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €182k
Fixed assets
€98k ▲ 2.1%
Current assets
€84k ▼ 5.7%
Equity and liabilities €182k
Equity
€64k ▼ 22.5%
Debt
€118k ▲ 15.0%
Debt's share of the balance-sheet total rises from 55.5% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13k▼
2024 · €44k
Cash flow
€11k▼
2024 · €34k
Current ratio
1.41▼
2024 · 1.84
Debt to equity
1.85▲
2024 · 1.25
ROE
-13.4%▼
2024 · 24.8%
ROA
-4.7%▼
2024 · 11.0%
Interest coverage
7.15▼
2024 · 25.26
Debt ≤ 1 year
€60k▲
2024 · €49k
Debt > 1 year
€58k▲
2024 · €54k
Income taxes
€1k▼
2024 · €9k
Staff costs
€141k▲
2024 · €135k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €102k | €100k | €127k | €135k | €141k | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €17k | €17k | €13k | €19k | ▲ 44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2k | €0 | - | - | - | - |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €4k | ▲ 115% |
| Non-recurring operating charges66A | €172 | €426 | €160 | €53 | - | - |
| Gross operating margin9900 | €131k | €134k | €158k | €182k | €158k | ▼ 12.8% |
| Operating profit (loss)9901 | €13k | €15k | €12k | €31k | €-6k | ▼ 119% |
| Financial income75/76B | €732 | €9 | €178 | €335 | €451 | ▲ 34.8% |
| Recurring financial income75 | €732 | €9 | €178 | €335 | €451 | ▲ 34.8% |
| Financial charges65/66B | €2k | €3k | €2k | €2k | €2k | ▲ 6.6% |
| Recurring financial charges65 | €2k | €3k | €2k | €2k | €2k | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €12k | €12k | €10k | €30k | €-7k | ▼ 124% |
| Income taxes67/77 | €7k | €4k | €4k | €9k | €1k | ▼ 85.7% |
| Profit (loss) for the period9904 | €5k | €8k | €6k | €20k | €-9k | ▼ 142% |
| Transfer from tax-exempt reserves789 | €14k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19k | €8k | €6k | €20k | €-9k | ▼ 142% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €191k | €177k | €176k | €185k | €182k | ▼ 1.7% |
| Fixed assets21/28 | €114k | €105k | €89k | €96k | €98k | ▲ 2.1% |
| Tangible fixed assets22/27 | €114k | €105k | €89k | €96k | €97k | ▲ 2.0% |
| Land and buildings22 | €89k | €88k | €80k | €72k | €63k | ▼ 11.8% |
| Plant, machinery and equipment23 | €805 | €277 | €0 | €3k | €2k | ▼ 20.2% |
| Furniture and vehicles24 | €25k | €17k | €9k | €21k | €32k | ▲ 50.7% |
| Financial fixed assets28 | - | - | - | - | €100 | - |
| Current assets29/58 | €77k | €72k | €87k | €89k | €84k | ▼ 5.7% |
| Amounts receivable within one year40/41 | €9k | €11k | €19k | €20k | €39k | ▲ 97.8% |
| Trade receivables40 | €6k | €5k | €17k | €18k | €27k | ▲ 54.6% |
| Other amounts receivable41 | €3k | €6k | €3k | €2k | €11k | ▲ 496% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €64k | €57k | €65k | €65k | €42k | ▼ 36.0% |
| Deferred charges and accrued income490/1 | €4k | €5k | €4k | €5k | €4k | ▼ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €191k | €177k | €176k | €185k | €182k | ▼ 1.7% |
| Equity10/15 | €44k | €52k | €63k | €82k | €64k | ▼ 22.5% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €31k | €39k | €44k | €63k | €46k | ▼ 27.1% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €29k | €37k | €42k | €63k | €46k | ▼ 27.1% |
| Profit (loss) carried forward14 | €272 | €284 | €0 | €547 | €-853 | ▼ 256% |
| Amounts payable17/49 | €148k | €126k | €113k | €103k | €118k | ▲ 15.0% |
| Amounts payable after more than one year17 | €93k | €79k | €65k | €54k | €58k | ▲ 7.8% |
| Financial debts170/4 | €93k | €79k | €65k | €54k | €58k | ▲ 7.8% |
| Amounts payable within one year42/48 | €55k | €47k | €48k | €49k | €60k | ▲ 23.1% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €14k | €11k | €13k | ▲ 20.7% |
| Trade debts44 | €21k | €20k | €16k | €21k | €28k | ▲ 30.0% |
| Suppliers440/4 | €21k | €20k | €16k | €21k | €28k | ▲ 30.0% |
| Advances received on contracts in progress46 | €250 | €0 | €10k | €10k | €10k | = |
| Taxes, remuneration and social security45 | €6k | €6k | €6k | €4k | €4k | ▲ 14.9% |
| Taxes450/3 | €5k | €5k | €3k | €3k | €3k | ▲ 16.8% |
| Remuneration and social security454/9 | €850 | €882 | €3k | €998 | €1k | ▲ 9.4% |
| Other amounts payable47/48 | €14k | €7k | €2k | €3k | €5k | ▲ 73.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €8k | €6k | €20k | €-9k | ▼ 142% |
| + Depreciation and write-downs630 | €13k | €17k | €17k | €13k | €19k | ▲ 44.7% |
| Operating cash flow (approximation) | €18k | €25k | €23k | €34k | €11k | ▼ 68.5% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €-20k | €-21k | ▼ 4.1% |
| Change in cash | - | €-8k | €8k | €481 | €-23k | ▼ 4,975% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €20k ▲250%
Operating result €31k, net result €20k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Zwevegem · 1 establishment unit since 2012
Ground area
716 m²
Building footprint
200 m²
Volume, LiDAR
1,008 m³
Parcel 34028A0597/00N000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
X-Deco BVBA
since 20122.209.233.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34028A0597/00N000 | Flanders | 716 m² | 1 · 200 m² | 8.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 234 EUR awarded · 234 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 234 EUR | 234 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,663. 2,320 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
Founded26-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.