X-GIN
Open bankruptcyA bankruptcy procedure is open for X-GIN according to publications in the Belgian State Gazette; curator: HEIDI DE CAUWER. The 2025 annual accounts show negative equity (€-39k) and a net result of €-40k.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-39k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 9 filingsDeviation from the deadline
2025
13 d late
2024
363 d late
2023
68 d late
2022
32 d late
2021
31 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k
2024 · €605
2018: €-62k
2019: €-43k
2020: €-24k
2021: €-18k
2022: €-713
2023: €3k
2024: €605
2018 → 2025
Total assets
€109k▼ 63.7%
2024 · €299k
2018: €359k
2019: €374k
2020: €430k
2021: €496k
2022: €314k
2023: €298k
2024: €299k
2018 → 2025
Net result
€-40k▼ 1,357%
2024 · €-3k
2018: €-43k
2019: €-13k
2020: €19k
2021: €6k
2022: €18k
2023: €4k
2024: €-3k
2018 → 2025
Working capital
€-39k
2024 · €508
2018: €-192k
2019: €-126k
2020: €-74k
2021: €-41k
2022: €-2k
2023: €3k
2024: €508
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-18k-€-713▲ 96.1%€3k€605▼ 81.9%€-39k
Operating result€5k-€18k▲ 243%€4k▼ 77.6%€-2k€-40k▼ 1,522%
Net result€6k-€18k▲ 190%€4k▼ 76.9%€-3k€-40k▼ 1,357%
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 €40k in 2025 against €2k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €109k
Fixed assets
€19▼ 80.0%
Current assets
€109k▼ 63.7%
Key figures and ratios
EBITDA
€-40k▼
2024 · €-2k
Cash flow
€-40k▼
2024 · €-2k
Solvency
-36.1%▼
2024 · 0.2%
Current ratio
0.73▼
2024 · 1.00
Quick ratio
0.43▼
2024 · 0.77
Debt / equity
-3.77
ROA
-36.7%▼
2024 · -0.9%
Debt
€148k▼
2024 · €299k
Debt ≤ 1 year
€148k▼
2024 · €299k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€299k€109k▼
Fixed assets21/28€97€19▼
Tangible fixed assets22/27€97€19▼
Furniture and vehicles24€97€19▼
Current assets29/58€299k€109k▼
Stocks and contracts in progress3€71k€45k▼
Stocks30/36€71k€45k▼
Amounts receivable within one year40/41€219k€58k▼
Trade receivables40€215k€53k▼
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€10k€6k▼
Equity and liabilities
Total equity and liabilities10/49€299k€109k▼
Equity10/15€605€-39k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-19k€-59k▼
Amounts payable17/49€299k€148k▼
Amounts payable within one year42/48€299k€148k▼
Financial debts43-€6k
Credit institutions430/8-€6k
Trade debts44€141k€130k▼
Suppliers440/4€141k€130k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€112-
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€157k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€255€78▼
Other operating charges640/8€2k€958▼
Gross operating margin9900€-257€-39k▼
Operating profit (loss)9901€-2k€-40k▼
Financial charges65/66B€278-
Recurring financial charges65€278-
Profit (loss) for the period before taxes9903€-3k€-40k▼
Profit (loss) for the period9904€-3k€-40k▼
Profit (loss) for the period to be appropriated9905€-3k€-40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-59k▼
Profit (loss) brought forward from the previous period14P€-17k€-19k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · X-GIN BV SchaarbeekSTRAAT- (MEL) 19/6, 9120 BEVEREN-KRUIBEKE-ZWIJNDRECHT · event 04-09-2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 363 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
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
Back to profitnet €19k
Net result €19k after 2 loss-making years.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schaarbeekstraat(MEL) 199120 Beveren-Kruibeke-ZwijndrechtGround area
1.8 ha
Building footprint
2,958 m²
Volume, LiDAR
28 m³
Parcel 46016D1373/00G000, Flanders · tallest building 1.0 m. Linked by address, not a title deed.
1 establishment unit
X-beverages
since 20162.251.662.384
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46016D1373/00G000 | Flanders | 1.8 ha | 1 · 2,958 m² | 0.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | HEIDI DE CAUWER HOUTEN SCHOEN 14, 9100 SINT-
NIKLAAS |
04-09-2026 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 5,794 EUR awarded · 5,794 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,266 EUR | 3,266 EUR |
| 2022 | 1 | 2,528 EUR | 2,528 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeveren-Kruibeke-Zwijndrecht2.251.662.384
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Of 1,508 companies in sector 47252 we hold annual accounts for 651. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-03-2016
Fiscal year end31-12
Activities, NACEBEL
47252Retail sale of beverages, general range
46170Agents in the wholesale of food, beverages and tobacco
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73200Market research and public opinion polling
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.