Equity
-€146,382
Debts exceed assets in financial year 2025.
X-PISTOR
Lifetime
10 annual accounts with figures on one time axispeak €5,260 (2023)
-€1,063▼ €3,287
lowest -€185,734 (2020)
-€5,139▲ €2,359
peak -€64,037 (2015)
-€146,382▼ €5,139
€360,435▲ 0.5%
Board4 names since 2019
2 directorsK&G INVEST NV and 1 other
Owners2 names in the annual accounts
66.67%K & G INVEST
Documentsfilings and deeds
04-05-20264 days late
2025micro format
Gross margin from €2,224 to -€1,063Loss of €5,139Cash from €1,076 to €366
Key points
from the 2025 annual accountsLosses
-€12,638 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€360,435 155% of the balance sheet
Financial debts 4%Suppliers 1%Taxes and wages 26%Other 69%
Of this, €313,635 falls due within a year.
2025 accounts filed 4 days after the deadlineTurnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 13% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.4%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%▲ +0.2 percentage points vs 04-2025
06-2025: 0.3%▼ -0.3 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.3%● unchanged vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.4%▲ +0.1 percentage points vs 12-2025
02-2026: 0.3%▼ -0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.6%▲ +0.2 percentage points vs 04-2026highest value
06-2026: 0.5%▼ -0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.5%● unchanged vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.6%▲ +0.1 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€146,382
Liquidity: current ratio 0.35, cash €366, halved
lowers risk
Size: total assets €232,706
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, micro). It does better than 3% of them on solvency, 1% on liquidity, 13% on profitability and 34% on growth.
The bankruptcy probability was computed on 10-11-2026 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 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 2,333 companies had the same profile as X-PISTOR has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of X-PISTOR itself is lower: 0.6% within 12 months. It rests on far more data about X-PISTOR than the profile alone.
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 2,333 companies, not a prediction for X-PISTOR. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.35 (0.35 in 2024), below 1. Short-term debt is 134.8% and cash 0.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192022232425
2019 to 2025 · latest year -€146,382
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 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 · 10 filingsDeviation from the deadline
2025
4 days late
2024
6 days late
2023
3 days early
2022
3 days late
2020
31 days early
2019
49 days early
2018
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 3 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Board and ownership
- K & G INVEST 66.67%equity €516,453 (2025) · 2025 annual accounts of K & G INVEST
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0540982559
Amendment of the articles · Resignations & appointments
Reappointments: K&G INVEST (managing director) and TEIF (managing director) · Permanent representatives: DEMEULENAERE Koen Mario and DEMEULENAERE Krist Stefaan Jozef · General meeting of 31-05-2024 · Gazette deed
Registered office moved from Hooglede to Roeselare
New registered office: Sint-Alfonsusstraat 12, 8800 Roeselare · Previous registered office: Beverenstraat 117, 8830 Hooglede · Permanent representative: Koen DEMEULENAERE · Board meeting of 03-12-2020 · Gazette deed
2 directors appointed, 2 resignations
Resignations: MOLITOR NV (managing director) and K&G INVEST NV (managing director) · Permanent representatives: Veronique SCHAUTTEET, Krist DEMEULENAERE and Koen DEMEULENAERE · Appointments: K. DM MANAGEMENT NV (managing director) and K&G INVEST NV (managing director) · General meeting of 22-03-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| X-PISTOR Roeselare | €232,706 | -€1,063 | -62.9% | - |
| ARPAN De Panne | €260,137 | -€15,525 | 96.6% | - |
| CAESAR HOLDINGS De Panne | €211,244 | -€11,615 | 42.8% | - |
| COIVA Anzegem | €230,323 | -€5,901 | 57.0% | 0 |
| Gruyaert-Deceuninck Ledegem | €262,217 | -€6,404 | 62.2% | - |
| TOMDEGRO Ypres | €261,311 | -€19,175 | 34.9% | - |
| RED SQUARE CONSULTING Knokke-Heist | €232,015 | -€37,960 | 57.0% | - |
These companies have the same main activity as X-PISTOR: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €211,000 and €262,000, founded between 2011 and 2015.
Official details
Source: KBO- Status
- Active since 21-10-2013Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.226.260.8568800 Roeselare, since 21-10-2013
- Financial year end
- 30 September
- Peppol
- Reachable since 10-02-2026
Insights on X-PISTOR
X-PISTOR files the micro format. That format states no turnover. The gross margin rose from -€55,147 in 2015 to -€1,063 in 2025.
The balance sheet grew most in 2018 through fixed assets.
K & G INVEST holds 66.67% of the shares. In June 2024, the Official Gazette published the appointment of TEIF as managing director.
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-PISTOR
- What is the company number of X-PISTOR?
- The company number of X-PISTOR is 0540.982.559. The VAT number is the same number with BE in front: BE 0540.982.559.
- Where is X-PISTOR based?
- The registered office is at Sint-Alfonsusstraat 12, 8800 Roeselare.Company details
- What does X-PISTOR do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of X-PISTOR?
- X-PISTOR is a public limited company (NV).
- When was X-PISTOR founded?
- X-PISTOR was founded on 21-10-2013.
- Is X-PISTOR still active?
- Yes, X-PISTOR is an active enterprise in the KBO register.
- What is the turnover of X-PISTOR?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is X-PISTOR profitable?
- In financial year 2025, X-PISTOR made a loss of €5,139.
- Where can I find the annual accounts of X-PISTOR?
- X-PISTOR filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of X-PISTOR due?
- X-PISTOR must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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