Financials
- Financial year
- 2024
- Total assets
- €43,659
- Profit
- €946
- Solvency
- 3.3%
X GROUP
ActiveSummary
The computed 12-month bankruptcy probability of X GROUP is 13.9% (high). The 2024 annual accounts show equity of €1,446 and a net result of €946. Its solvency ranks better than 17% of 6,610 sector peers (NACE 49, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
On-demand passenger transport by chauffeured vehicle
NACE 49330
1 site
Size
€43,659total assets 2024
- Equity
- €1,446
- Profit
- €946
Turnover not published (micro format)
Why 28raises risk2 changes of registered office in 24 monthsFigures for financial year 2024 (filed 02-09-2025)Founded in 20241 financial year not filed after the legal deadline; latest accounts 29 days lateShow the evidence
Checked score
Score 2024
28
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 29% of its sector peers (NACE 49, micro)
Financial strength
Weak
Solvency
28
equity 3.3% of total assets
Liquidity
27
short-term debt 96.7% · cash 21.7%
Profitability
71
return on assets 2.2%
Bankruptcy probability, 12 months
13.9%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
05-2025: 3.6%
06-2025: 3.7%▲ +0.1 percentage points vs 05-2025
07-2025: 3.8%▲ +0.1 percentage points vs 06-2025
08-2025: 4.2%▲ +0.4 percentage points vs 07-2025
09-2025: 4.2%● unchanged vs 08-2025
10-2025: 2.9%▼ -1.3 percentage points vs 09-2025lowest value
11-2025: 3.1%▲ +0.2 percentage points vs 10-2025
12-2025: 3.1%● unchanged vs 11-2025
01-2026: 3.8%▲ +0.7 percentage points vs 12-2025
02-2026: 3.8%● unchanged vs 01-2026
03-2026: 3.9%▲ +0.1 percentage points vs 02-2026
04-2026: 4.6%▲ +0.7 percentage points vs 03-2026
05-2026: 9.9%▲ +5.3 percentage points vs 04-2026
06-2026: 9.8%▼ -0.1 percentage points vs 05-2026
07-2026: 9.9%▲ +0.1 percentage points vs 06-2026
08-2026: 11.4%▲ +1.5 percentage points vs 07-2026
09-2026: 11.4%● unchanged vs 08-2026
10-2026: 13.9%▲ +2.5 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.44, below 1; short-term debt: 96.7% and cash: 21.7% of total assets), and 96.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 17% on solvency, 24% on liquidity and 46% on profitability.
The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 6610 sector peers (2024).
NBB · sector comparisonPosition among 6610 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 29 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
- Appointment: Baras, Salem (director)Resignation: Alhariri Mohammad (director) ·…
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Board & ownership
- Board
- 1 member
- Baras, SalemDirector
Network & group
- Connected companies
- 1
Timeline
- Events
- 5
- Since
- 2024
- 02-01-2025Capital & shares
- 15-04-2024Incorporation
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- On-demand passenger transport by chauffeured vehicleNACE 49330
- Founded
- 11-04-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 28
- Who signs
- Each director alone
- Annual meeting
- Last Friday of June at 18:00
- Purpose
- “Willekeurige diverse activiteiten die rechtstreeks of onrechtstreeks betrekking hebben op” (deed in Dutch)
- Statutory auditor
- No statutory auditor
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