X M L
ActiveX M L has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.05M and a net result of €-415k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 6008 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
60
/ 100
Healthy▲ +25 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency97▲+9
Growth38=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.81 in 2023), and 45.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
54.6%
Return on assets
-11.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
133 d late
2022
140 d late
2021
53 d late
2020
31 d late
2019
46 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€11.67M▼ 21.7%
2022 · €14.91M
2018: €9.37M
2019: €9.56M
2020: €150.46M
2021: €12.02M
2022: €14.91M
2018 → 2023
EBIT margin
-9.9%▼ 8.2pp
2022 · -1.7%
2018: 4.4%
2019: 4.8%
2020: 2.2%
2021: 3.7%
2022: -1.7%
2018 → 2023
Net result
€-415k▲ 67.4%
2023 · €-1.27M
2018: €150k
2019: €168k
2020: €2.30M
2021: €254k
2022: €-602k
2023: €-1.27M
2018 → 2024
Working capital
€1.78M▼ 21.9%
2023 · €2.27M
2018: €4.25M
2019: €4.33M
2020: €4.48M
2021: €4.12M
2022: €3.49M
2023: €2.27M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€150.46M-€12.02M▼ 92.0%€14.91M▲ 24.0%€11.67M▼ 21.7%
Equity€4.08M-€4.34M▲ 6.2%€3.74M▼ 13.9%€2.46M▼ 34.1%€2.05M▼ 16.8%
Operating result€3.30M-€444k▼ 86.5%€-254k€-1.15M▼ 353%€-481k▲ 58.2%
Net result€2.30M-€254k▼ 89.0%€-602k€-1.27M▼ 112%€-415k▲ 67.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €481k in 2024 against €1.15M in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.75M
Fixed assets
€273k▲ 44.3%
Current assets
€3.48M▼ 31.6%
Equity and liabilities €3.75M
Equity
€2.05M▼ 16.8%
Debt
€1.70M▼ 39.4%
The debt ratio falls from 53.2% to 45.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-393k▲
2023 · €-1.07M
Cash flow
€-326k▲
2023 · €-1.19M
Solvency
54.6%▲
2023 · 46.8%
Current ratio
2.04▲
2023 · 1.81
Quick ratio
1.67▼
2023 · 1.77
Debt / equity
0.83▼
2023 · 1.14
ROE
-20.2%▲
2023 · -51.6%
ROA
-11.1%▲
2023 · -24.1%
Interest coverage
-1.32▲
2023 · -1036.18
Debt
€1.70M▼
2023 · €2.81M
Debt ≤ 1 year
€1.70M▼
2023 · €2.81M
Staff costs
€439k▼
2023 · €714k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€5.27M€3.75M▼
Fixed assets21/28€189k€273k▲
Intangible fixed assets21€71k€47k▼
Tangible fixed assets22/27€99k€207k▲
Furniture and vehicles24€71k€91k▲
Other tangible fixed assets26€28k€116k▲
Financial fixed assets28€19k€19k=
Affiliated companies280/1€18k-
Participating interests280€18k-
Other financial fixed assets284/8€909-
Amounts receivable and cash guarantees285/8€909-
Current assets29/58€5.08M€3.48M▼
Amounts receivable after more than one year29€82k€82k=
Other amounts receivable291€82k€82k=
Stocks and contracts in progress3€110k€644k▲
Stocks30/36€73k€644k▲
Goods purchased for resale34€73k-
Contracts in progress37€36k-
Amounts receivable within one year40/41€4.12M€2.04M▼
Trade receivables40€3.74M€1.70M▼
Other amounts receivable41€380k€339k▼
Current investments50/53€486k€224k▼
Other investments51/53€486k-
Cash at bank and in hand54/58€266k€475k▲
Deferred charges and accrued income490/1€18k€12k▼
Equity and liabilities
Total equity and liabilities10/49€5.27M€3.75M▼
Equity10/15€2.46M€2.05M▼
Contributions10/11€400k€400k=
Reserves13€274k€274k=
Non-distributable reserves130/1€274k€274k=
Reserves not available under the articles1311€274k€274k=
Profit (loss) carried forward14€1.79M€1.38M▼
Amounts payable17/49€2.81M€1.70M▼
Amounts payable within one year42/48€2.81M€1.70M▼
Current portion of amounts payable after more than one year42€329k-
Trade debts44€1.63M€958k▼
Suppliers440/4€1.63M€958k▼
Advances received on contracts in progress46€70k€702▼
Taxes, remuneration and social security45€108k€42k▼
Taxes450/3€16k€3k▼
Remuneration and social security454/9€92k€40k▼
Other amounts payable47/48€672k€700k▲
Income statement
Code20232024
Operating income70/76A€11.82M-
Turnover70€11.67M-
Change in stocks of work in progress, finished goods and contracts in progress71€36k-
Other operating income74€17k-
Non-recurring operating income76A€100k€5k▼
Operating charges60/66A€12.97M-
Goods for resale, raw materials and consumables60€10.68M-
Purchases600/8€10.21M-
Change in stocks: decrease (increase)609€467k-
Services and other goods61€789k-
Remuneration, social security and pensions62€714k€439k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€89k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€45k-
Other operating charges640/8€649k€5k▼
Non-recurring operating charges66A€16k€33k▲
Gross operating margin9900-€84k
Operating profit (loss)9901€-1.15M€-481k▲
Financial income75/76B€169k€365k▲
Recurring financial income75€169k€365k▲
Other financial income752/9€169k-
Financial charges65/66B€289k€298k▲
Recurring financial charges65€289k€298k▲
Debt charges650€1k-
Other financial charges652/9€288k-
Profit (loss) for the period before taxes9903€-1.27M€-415k▲
Income taxes67/77€1k-
Taxes670/3€1k-
Profit (loss) for the period9904€-1.27M€-415k▲
Profit (loss) for the period to be appropriated9905€-1.27M€-415k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.79M€1.38M▼
Profit (loss) brought forward from the previous period14P€3.06M€1.79M▼
Social balance
Average headcount (FTE)90879.96.8▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 47 days late
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 133 days late
2023
31-12
Financial
Weakest financial yearnet €-1.27M
Net result drops to €-1.27M, the lowest in the series; recovery starts the following year.
18-12
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 140 days late
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 53 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €2.30M ▲1270%
Operating result €3.30M, net result €2.30M, both a record.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 46 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 56 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 1 day late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
17 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, Brussel · 1 establishment unit since 2006
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.
Braziliëlaan 31000 BrusselGround area
273 m²
Building footprint
352 m²
Volume, LiDAR
2,102 m³
Parcel 21822R0260/00R000, Brussels · tallest building 19.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
X M L
since 20062.160.421.909
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0260/00R000 | Brussels | 273 m² | 1 · 351 m² | 19.1 m · 2 fl. |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.160.421.909
Legal Entity Identifier
549300X6TUXKBW5MCZ33
Similar companies · same sector, comparable size
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BE 0860.464.531
Temse · Eq €2.12M
MONCLER BELGIUM
BE 0833.680.059
Charleroi · Eq €2.14M
WOLFORD BELGIUM
BE 0427.200.074
Kontich · Eq €1.93M
M.A.D. COLLECTIONS
BE 0862.015.343
Mechelen · Eq €2.21M
Of 1,268 companies in sector 46160 we hold annual accounts for 682. 204 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-07-2006
Fiscal year end31-12
Activities, NACEBEL
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46421Wholesale trade
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.