X-NUANCE
ActiveThe file of X-NUANCE contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.
Summary
The annual accounts of X-NUANCE for fiscal year 2024 show a net loss of 104% of total assets and of 86% of the equity at the start of that year. The computed 12-month bankruptcy probability is 1.8% (moderate). The 2024 annual accounts show equity of €8k and a net result of €-48k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 17% of 7445 sector peers (fiscal year 2024).
Checked score
Score 2024
41
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency42▼-58
Growth32▼-46
Track record85
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.15 against 4.41 in 2023; short-term debt: 82% and cash: 40.6% of total assets), and 83% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
Sector 43
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
17%
Return on assets
-104.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
21 d early
2022
38 d early
2021
26 d early
2020
26 d early
2019
18 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€8k▼ 86.0%
2023 · €55k
2018: €28k
2019: €32k
2020: €33k
2021: €33k
2022: €24k
2023: €55k
2018 → 2024
Total assets
€46k▼ 35.8%
2023 · €71k
2018: €54k
2019: €43k
2020: €64k
2021: €68k
2022: €30k
2023: €71k
2018 → 2024
Net result
€-48k
2023 · €31k
2018: €13k
2019: €4k
2020: €1k
2021: €765
2022: €-10k
2023: €31k
2018 → 2024
Working capital
€5k▼ 89.6%
2023 · €52k
2018: €27k
2019: €30k
2020: €32k
2021: €32k
2022: €23k
2023: €52k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€33k-€33k▲ 2.3%€24k▼ 28.5%€55k▲ 132%€8k▼ 86.0%
Operating result€2k-€2k▼ 1.5%€-9k€40k€-47k
Net result€1k-€765▼ 24.1%€-10k€31k€-48k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €47k after €40k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46k
Fixed assets
€3k ▼ 16.7%
Current assets
€43k ▼ 36.7%
Equity and liabilities €46k
Equity
€8k ▼ 86.0%
Debt
€38k ▲ 141%
Debt's share of the balance-sheet total rises from 22.1% to 83.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-45k▼
2023 · €41k
Cash flow
€-46k▼
2023 · €32k
Current ratio
1.15▼
2023 · 4.41
Debt to equity
4.88▲
2023 · 0.28
ROE
-612.5%▼
2023 · 56.8%
ROA
-104.2%▼
2023 · 44.2%
Interest coverage
-133.53▼
2023 · 177.48
Debt ≤ 1 year
€37k▲
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€71k€46k▼
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€27€27=
Current assets29/58€68k€43k▼
Amounts receivable within one year40/41€46k€23k▼
Trade receivables40€40k€22k▼
Other amounts receivable41€5k€1k▼
Cash at bank and in hand54/58€21k€19k▼
Deferred charges and accrued income490/1€1k€896▼
Equity and liabilities
Total equity and liabilities10/49€71k€46k▼
Equity10/15€55k€8k▼
Contributions10/11€7k€7k=
Outside capital11€7k-
Other1109/19€7k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€47k€-605▼
Amounts payable17/49€16k€38k▲
Amounts payable within one year42/48€15k€37k▲
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€10k€10k▼
Taxes450/3€10k€10k▼
Other amounts payable47/48€3k€24k▲
Accrued charges and deferred income492/3€396€447▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€931€2k▲
Other operating charges640/8€877€690▼
Gross operating margin9900€42k€-45k▼
Operating profit (loss)9901€40k€-47k▼
Financial income75/76B€10-
Recurring financial income75€10-
Financial charges65/66B€229€339▲
Recurring financial charges65€229€339▲
Profit (loss) for the period before taxes9903€40k€-48k▼
Income taxes67/77€8k-
Profit (loss) for the period9904€31k€-48k▼
Profit (loss) for the period to be appropriated9905€31k€-48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€-605▼
Profit (loss) brought forward from the previous period14P€15k€47k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
02-01
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: X-NUANCE BV- LEUVENSESTEENWEG 573/4B, 1932 SINT-STEVENS-WOLUWE
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-48k ▼251%
Net result drops to €-48k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.72
Current ratio from 1.94 to 4.72; short-term debt falls from €35k to €6k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zaventem · 1 establishment unit since 2015
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.
Leuvensesteenweg 5731932 ZaventemGround area
1,714 m²
Building footprint
744 m²
Volume, LiDAR
5,245 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
X-NUANCE
since 20152.249.014.284
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23772B0106/00C002 | Flanders | 1,234 m² | 1 · 528 m² | 8.7 m · 2 fl. |
| 23078C0089/00T000indicative | Flanders | 480 m² | 1 · 215 m² | 13.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 1,456 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43333Wallpapering and laying of floor and wall coverings in other materials
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.