X-plose
ActiveSummary
The annual accounts of X-plose for fiscal year 2025 show a net loss of 97% of total assets and of 95% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-52k. Equity is growing by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 2699 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-6
Solvency31▼-33
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
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 1.5 against 2.01 in 2024; short-term debt: 61.7% and cash: 14.1% of total assets), and 94.4% 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.
−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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
5.6%
Return on assets
-97.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-52k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 2699 sector peers (2025).
NBB · sector comparisonPosition among 2699 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
23 d early
2022
20 d early
2021
26 d early
2020
26 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€3k▼ 94.6%
2024 · €55k
Total assets
€53k▼ 61.7%
2024 · €140k
Net result
€-52k▼ 264%
2024 · €-14k
Working capital
€16k▼ 75.0%
2024 · €66k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5k▼ 61.9%€36k▲ 575%€16k▼ 54.2%€-13k€-50k▼ 292%
Net result€3k▼ 67.6%€25k▲ 752%€10k▼ 59.0%€-14k€-52k▼ 264%
Equity€22k▲ 15.9%€47k▲ 117%€57k▲ 22.1%€55k▼ 3.4%€3k▼ 94.6%
Total assets€72k▲ 14.3%€78k▲ 7.8%€107k▲ 38.4%€140k▲ 30.0%€53k▼ 61.7%
Debt€50k▲ 9.0%€31k▼ 38.8%€50k▲ 63.2%€84k▲ 67.9%€50k▼ 40.3%
Working capital€-7k▼ 89.5%€16k€26k▲ 68.3%€66k▲ 151%€16k▼ 75.0%
Staff (FTE)00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €50k in 2025 against €13k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€4k ▼ 56.9%
Current assets
€49k ▼ 62.0%
Equity and liabilities €53k
Equity
€3k ▼ 94.6%
Debt
€50k ▼ 40.3%
Debt's share of the balance-sheet total rises from 60.5% to 94.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-45k▼
2024 · €-3k
Cash flow
€-47k▼
2024 · €-5k
Current ratio
1.50▼
2024 · 2.01
Debt to equity
16.85▲
2024 · 1.53
ROA
-97.5%▼
2024 · -10.3%
Interest coverage
-19.89▼
2024 · -1.05
Debt ≤ 1 year
€33k▼
2024 · €65k
Debt > 1 year
€0▼
2024 · €16k
Income taxes
€0▼
2024 · €194
A ratio outside any meaningful range has been withheld (balance sheet total €53k, equity €3k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €18k | €18k | €10k | €5k | ▼ 44.8% |
| Other operating charges640/8 | €1k | €4k | €2k | €1k | €816 | ▼ 29.6% |
| Non-recurring operating charges66A | - | - | - | €1 | €3k | ▲ 443,503% |
| Gross operating margin9900 | €27k | €57k | €36k | €-2k | €-41k | ▼ 2,040% |
| Operating profit (loss)9901 | €5k | €36k | €16k | €-13k | €-50k | ▼ 292% |
| Financial income75/76B | €504 | €834 | €518 | €2k | €69 | ▼ 95.5% |
| Recurring financial income75 | €504 | €834 | €518 | €2k | €69 | ▼ 95.5% |
| Financial charges65/66B | €1k | €969 | €1k | €3k | €2k | ▼ 23.4% |
| Recurring financial charges65 | €1k | €969 | €1k | €3k | €2k | ▼ 23.4% |
| Profit (loss) for the period before taxes9903 | €5k | €36k | €16k | €-14k | €-52k | ▼ 269% |
| Income taxes67/77 | €2k | €10k | €5k | €194 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3k | €25k | €10k | €-14k | €-52k | ▼ 264% |
| Profit (loss) for the period to be appropriated9905 | €3k | €25k | €10k | €-14k | €-52k | ▼ 264% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72k | €78k | €107k | €140k | €53k | ▼ 61.7% |
| Fixed assets21/28 | €37k | €31k | €53k | €9k | €4k | ▼ 56.9% |
| Intangible fixed assets21 | €17k | €18k | €11k | €5k | €3k | ▼ 45.1% |
| Tangible fixed assets22/27 | €19k | €13k | €42k | €4k | €1k | ▼ 71.2% |
| Land and buildings22 | - | - | €34k | €0 | - | - |
| Plant, machinery and equipment23 | €11k | €5k | €5k | €3k | €1k | ▼ 60.6% |
| Furniture and vehicles24 | €2k | €4k | €3k | €1k | €0 | ▼ 100% |
| Leasing and similar rights25 | €7k | €3k | €289 | €0 | - | - |
| Current assets29/58 | €35k | €46k | €55k | €130k | €49k | ▼ 62.0% |
| Amounts receivable within one year40/41 | €13k | €24k | €40k | €67k | €36k | ▼ 46.1% |
| Trade receivables40 | €13k | €24k | €34k | €63k | €31k | ▼ 50.7% |
| Other amounts receivable41 | €0 | - | €6k | €4k | €5k | ▲ 26.2% |
| Cash at bank and in hand54/58 | €23k | €22k | €13k | €63k | €8k | ▼ 88.1% |
| Deferred charges and accrued income490/1 | €0 | - | €2k | €234 | €6k | ▲ 2,451% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72k | €78k | €107k | €140k | €53k | ▼ 61.7% |
| Equity10/15 | €22k | €47k | €57k | €55k | €3k | ▼ 94.6% |
| Contributions10/11 | €6k | €6k | €6k | €19k | €19k | = |
| Reserves13 | €11k | €36k | €46k | €46k | €46k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €9k | €34k | €46k | €46k | €46k | = |
| Profit (loss) carried forward14 | €4k | €4k | €4k | €-10k | €-62k | ▼ 525% |
| Amounts payable17/49 | €50k | €31k | €50k | €84k | €50k | ▼ 40.3% |
| Amounts payable after more than one year17 | €8k | €0 | €22k | €16k | €0 | ▼ 100% |
| Financial debts170/4 | €8k | €0 | €22k | €16k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €42k | €31k | €29k | €65k | €33k | ▼ 48.9% |
| Current portion of amounts payable after more than one year42 | €15k | €9k | €5k | €5k | €0 | ▼ 100% |
| Trade debts44 | €17k | €11k | €12k | €51k | €25k | ▼ 51.5% |
| Suppliers440/4 | €17k | €11k | €12k | €51k | €25k | ▼ 51.5% |
| Advances received on contracts in progress46 | €85 | €1k | €2k | €0 | - | - |
| Taxes, remuneration and social security45 | €8k | €9k | €8k | €596 | €0 | ▼ 100% |
| Taxes450/3 | €8k | €9k | €8k | €596 | €0 | ▼ 100% |
| Other amounts payable47/48 | €1k | €1k | €2k | €8k | €8k | ▲ 7.1% |
| Accrued charges and deferred income492/3 | - | - | - | €4k | €17k | ▲ 358% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €25k | €10k | €-14k | €-52k | ▼ 264% |
| + Depreciation and write-downs630 | €20k | €18k | €18k | €10k | €5k | ▼ 44.8% |
| Operating cash flow (approximation) | €23k | €43k | €28k | €-5k | €-47k | ▼ 906% |
| Investment in fixed assets (approximation) | - | €-13k | €-39k | €34k | €0 | ▼ 100% |
| Change in cash | - | €-266 | €-9k | €50k | €-56k | ▼ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €25k ▲752%
Operating result €36k, net result €25k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2017
Ground area
7,807 m²
Building footprint
1,111 m²
Volume, LiDAR
8,734 m³
Parcel 71323C1169/00S000, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
X-plose
since 20172.264.565.859
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C1169/00S000 | Flanders | 7,807 m² | 1 · 1,111 m² | 10.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 4,266 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
Contact
Scores and ratios are computed by Checked and are not a credit decision.