Equity
€514,268 ▲ 61.8%
Equity rose in 2025 from €317,849 to €514,268.
X-Pand
Lifetime
5 annual accounts with figures on one time axispeak €323,915 (2022)
€259,166▼ 6.3%
lowest -€101,562 (2023)
€196,420▼ 10.8%
peak €514,268 (2025)
€514,268▲ 61.8%
€210,615▼ 1.4%
Board1 name since 2020
1 directorVAN OLMEN Angelo
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Equity from €317,849 to €514,268Cash from €4,265 to €8,964
Key points
from the 2025 annual accountsTurnover
≈ €450,000 estimated
The micro format states no turnover.
Liquidity
6.44 was 4.57 in 2024
Short-term debts fell from €113,600 to €110,615.
Filings
5 annual accounts 5 late
The 2022 accounts came latest: 31 days after the end of the period.
At the same address
7 companies
Position in the sector
€196,420
Higher net result than 95% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
92
Excellent
Financially stronger than 76% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.3%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025highest value
10-2025: 0.4%▼ -1.2 percentage points vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.5%▲ +0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026
09-2026: 0.2%▼ -0.5 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
Liquidity: current ratio 6.44, cash €8,964
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €724,884
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 78% of them on solvency, 44% on liquidity, 95% on profitability and 88% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as X-Pand has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of X-Pand itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for X-Pand. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.44 (4.57 in 2024), above the usual 1.5. Short-term debt is 15.3% and cash 1.2% of total assets. 29.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 5 filingsDeviation from the deadline
2025
30 days late
2024
31 days late
2023
29 days late
2022
31 days late
2021
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 30 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VAN OLMEN Angelo 50 sharesdeed of 31-12-2020
- VAN HERCK Nancy 50 sharesdeed of 31-12-2020
Shares in 1 company, Julaan Development
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0760639059
Environmental permit refused
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen, Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie and 3 more · Provincie Antwerpen
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw of aanleggen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie and 2 more · Putte
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Putte
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| X-Pand Berlaar | €724,884 | €259,166 | 70.9% | - |
| N-F Building Group Sint-Katelijne-Waver | €790,076 | €304,294 | 49.7% | - |
| DM PROJECTEN Rijkevorsel | €857,486 | €172,475 | 28.9% | - |
| ELYS PROMOTION Etalle | €766,248 | €248,145 | 36.0% | - |
| RFC Company Sint-Truiden | €786,194 | €200,438 | 17.8% | - |
| Schonvest Uccle | €730,441 | €174,494 | 20.4% | - |
| Seven-Days Renovating Dreams Nazareth-De Pinte | €746,022 | €379,121 | 8.7% | - |
These companies have the same main activity as X-Pand: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €730,000 and €857,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 29-12-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.311.095.7692590 Berlaar, since 29-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Insights on X-Pand
X-Pand files the micro format. That format states no turnover. The gross margin rose from -€21,603 in 2021 to €259,166 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about X-Pand
- What is the company number of X-Pand?
- The company number of X-Pand is 0760.639.059. The VAT number is the same number with BE in front: BE 0760.639.059.
- Where is X-Pand based?
- The registered office is at Welvaartstraat 131, 2590 Berlaar.Company details
- What does X-Pand do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of X-Pand?
- X-Pand is a private limited company (BV).
- When was X-Pand founded?
- X-Pand was founded on 29-12-2020.
- Is X-Pand still active?
- Yes, X-Pand is an active enterprise in the KBO register.
- What is the turnover of X-Pand?
- The turnover in financial year 2025 is ≈ €450,000. This figure is estimated from the gross margin of €259,166 and 43 comparable companies (NACE 681). It probably lies between €340,000 and €760,000.Financials
- Is X-Pand profitable?
- In financial year 2025, X-Pand made a profit of €196,420.
- Where can I find the annual accounts of X-Pand?
- X-Pand filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of X-Pand due?
- X-Pand must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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