X O PLUS
ActiveX O PLUS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €49k and a net result of €-14k. Equity is shrinking by ~8% per year across the filed fiscal years. Its solvency ranks better than 14% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▼-20
Solvency38▼-6
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.04 in 2023; short-term debt: 37.7% and cash: 16.4% of total assets), and 86.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
13.3%
Return on assets
-3.7%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 20785 sector peers (2024).
NBB · sector comparisonPosition among 20785 sector peers
Solvency
better than 14%
← 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 28-08-2025, 28 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
29 d late
2022
101 d late
2021
40 d late
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€49k▼ 21.9%
2023 · €62k
2018: €107k
2019: €121k
2020: €139k
2021: €127k
2022: €159k
2023: €62k
2018 → 2024
Total assets
€367k▲ 10.9%
2023 · €331k
2018: €131k
2019: €146k
2020: €412k
2021: €376k
2022: €429k
2023: €331k
2018 → 2024
Net result
€-14k
2023 · €3k
2018: €-2k
2019: €14k
2020: €30k
2021: €29k
2022: €32k
2023: €3k
2018 → 2024
Working capital
€-12k
2023 · €3k
2018: €97k
2019: €99k
2020: €102k
2021: €85k
2022: €111k
2023: €3k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€139k-€127k▼ 8.9%€159k▲ 25.5%€62k▼ 60.8%€49k▼ 21.9%
Operating result€43k-€45k▲ 5.1%€52k▲ 16.7%€12k▼ 76.2%€-7k
Net result€30k-€29k▼ 2.9%€32k▲ 10.1%€3k▼ 90.3%€-14k
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 2024: a loss of €7k after €12k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €367k
Fixed assets
€241k▼ 3.9%
Current assets
€127k▲ 56.6%
Equity and liabilities €367k
Equity
€49k▼ 21.9%
Debt
€318k▲ 18.5%
The debt ratio rises from 81.1% to 86.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▼
2023 · €22k
Cash flow
€-4k▼
2023 · €12k
Solvency
13.3%▼
2023 · 18.9%
Current ratio
0.91▼
2023 · 1.04
Quick ratio
0.91▼
2023 · 1.04
Debt / equity
6.52▲
2023 · 4.30
ROE
-28.1%▼
2023 · 5.0%
ROA
-3.7%▼
2023 · 0.9%
Interest coverage
0.46▼
2023 · 2.18
Debt
€318k▲
2023 · €269k
Debt ≤ 1 year
€138k▲
2023 · €78k
Debt > 1 year
€180k▼
2023 · €191k
Income taxes
€361▼
2023 · €3k
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€331k€367k▲
Fixed assets21/28€250k€241k▼
Tangible fixed assets22/27€250k€241k▼
Land and buildings22€225k€218k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€15k€14k▼
Current assets29/58€81k€127k▲
Amounts receivable within one year40/41€16k€65k▲
Trade receivables40€9k€45k▲
Other amounts receivable41€7k€20k▲
Cash at bank and in hand54/58€64k€60k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€331k€367k▲
Equity10/15€62k€49k▼
Contributions10/11€19k€19k=
Reserves13€19k€19k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€25k€11k▼
Amounts payable17/49€269k€318k▲
Amounts payable after more than one year17€191k€180k▼
Financial debts170/4€191k€180k▼
Amounts payable within one year42/48€78k€138k▲
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€4k€15k▲
Suppliers440/4€4k€15k▲
Taxes, remuneration and social security45€35k€11k▼
Taxes450/3€35k€11k▼
Other amounts payable47/48€28k€102k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€23k€5k▼
Operating profit (loss)9901€12k€-7k▼
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€10k€7k▼
Recurring financial charges65€10k€7k▼
Profit (loss) for the period before taxes9903€6k€-13k▼
Income taxes67/77€3k€361▼
Profit (loss) for the period9904€3k€-14k▼
Profit (loss) for the period to be appropriated9905€3k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€125k€11k▼
Profit (loss) brought forward from the previous period14P€122k€25k▼
Profit to be distributed694/7€100k€0▼
Return on contributions (dividend)694€100k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼536%
Net result drops to €-14k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 101 days late
2022
31-12
Financial
Highest result since 2018net €32k ▲10.1%
Operating result €52k, net result €32k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲25.5%
4 profitable years in a row build equity to €159k.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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 2008
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.
Borgerweert 72070 Beveren-Kruibeke-ZwijndrechtGround area
573 m²
Building footprint
110 m²
Volume, LiDAR
649 m³
Parcel 11011A0677/00M002, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Borgerweert 7, 2070 Beveren-Kruibeke-Zwijndrecht
since 20082.171.167.034
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11011A0677/00M002 | Flanders | 573 m² | 1 · 110 m² | 11.1 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.
Similar companies · same sector, comparable size
Softflow
BE 0805.902.031
Merelbeke-Melle · Eq €49k
Fixmo
BE 0728.852.654
Pajottegem · Eq €49k
ATYS CONSULT
BE 0682.948.195
Tournai · Eq €49k
KERBEN & STERNEY CONSULTING
BE 0772.692.694
Ronse · Eq €49k
Bird Larsen
BE 0773.960.129
Merelbeke-Melle · Eq €49k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 15,328 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-04-2008
Fiscal year end31-12
Abbreviation NL
XO+
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.