Equity
€4.2m ▲ 18.9%
X-RIS has made a profit in every financial year since 2010.
X-RIS
Lifetime
16 annual accounts with figures on one time axispeak €4.7m (2024)
€4.5m▼ 3.8%
peak €2.4m (2024)
€1.8m▼ 27.5%
peak €4.2m (2025)
€4.2m▲ 18.9%
€6.5m▼ 0.4%
peak 32 FTE (2025)
32 FTE▲ 26.5%
Board4 names since 2019
1 directorNDTS
Owners3 names in the annual accounts
90%NDTS and 2 others
Documentsfilings and deeds
18-03-202643 days before the deadline
2025financial year
Result from €2.4m to €1.8mStaff from 25.3 FTE to 32 FTEDividend €1.0mEquity from €3.6m to €4.2mInvestments €1.2mCash from €2.1m to €1.3m
Key points
from the 2025 annual accountsResult
€1.8m ▼ 27.5%
The result fell in 2025 from €2.4m to €1.8m.
Turnover
≈ €7.8m estimated
The accounts state no turnover.
Investments
€1.2m 7.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 91.8% higher than in 2024.
Staff
35 employees on 30-09-2025
In 2025, 12 people joined and 6 left.
Filings
16 annual accounts since 2010
The 2017 accounts came 90 days late. The other nine of the last ten were filed on time.
Checked score
93
Excellent
Financially stronger than 66% of small companies in computer and electronic products (NACE 26)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 116 companies (NACE 26, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: 0.1%▲ +0.1 percentage points vs 02-2026
04-2026: < 0.1%▼ -0.1 percentage points vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: 32 FTE, total assets €10.8m
Figures for financial year 2025 (filed on 18-03-2026)
Liquidity: current ratio 2.43, cash €1.3m
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 26, small). It does better than 40% of them on solvency, 58% on liquidity, 91% on profitability and 73% on growth.
The bankruptcy probability was computed on 08-11-2026 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 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, 17,811 companies had the same profile as X-RIS has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of X-RIS itself: 0.1% 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 17,811 companies, not a prediction for X-RIS. 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 €390,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.43 (1.8 in 2024), above the usual 1.5. Short-term debt is 32.7% and cash 12.3% of total assets. However, 60.9% 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 riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-03-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
90 days early
2023
on the day
2022
65 days early
2021
103 days early
2020
109 days early
2019
91 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 72 days before the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% 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 24 February (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
- NDTS 90%score 90equity €12.5m (2025) · 2025 annual accounts of NDTS
- HDEX 10%equity €1.2m (2025) · 2025 annual accounts of HDEX
Shares in 1 company, X-RIS USA INC
Board & ownershipRecent changes
Registered office moved from Herstal to Seraing
New registered office: Rue Louis Plescia 38, 4102 Seraing · Previous registered office: Rue d'Abhooz 25, 4040 Herstal · Board meeting of 15-09-2026 · Gazette deed
New establishment in Seraing
Rue Louis Plescia 38
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809169941
1 director appointed, 2 resignations
Resignations: Nicolas Poelst and Stéphane Fabry · Appointment: NDTS · General meeting of 18-12-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| X-RIS Seraing | - | - | 39.1% | 32 |
| TRAXGO Waregem | - | - | 3.8% | 18.4 |
| ORTHODYNE Ans | €10.1m | 0.6% | 56.6% | 47.6 |
| SKIDATA Zaventem | - | - | 33.9% | 23.4 |
| Jumo Automation Eupen | €7.8m | 5.9% | 87.8% | 37.4 |
| DALEMANS S.A. Remicourt | €9.3m | 8.0% | 50.0% | 52.2 |
| Rentaltec Duffel | - | - | 3.7% | 20 |
These companies have the same main activity as X-RIS: manufacture of computer, electronic and optical products (NACE 26510). They are comparable in size and age: total assets between €4.7m and €11m, founded between 1984 and 2018.
Official details
Source: KBO- Status
- Active since 16-01-2009Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26510and 4 others
- Establishment units
- 2.201.240.8934040 Herstal, since 12-08-2011
- 2.388.178.3054102 Seraing, since 01-06-2026
- Financial year end
- 30 September
- Peppol
- Reachable since 26-11-2025
Annual accounts to 30-09-2025
- €10.8m▲ 6.4%
- Employeeson 30-09-2025
- 35▲ 20.7%
- Filing
- Filed on 18-03-2026, 43 days before the end of the filing period
Insights on X-RIS
X-RIS has existed since 2009. In 2013 the gross margin rose from €124,011 to €320,367 and staff from 1 to 1.8 full-time equivalents.
NDTS holds 90% of the shares.
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-RIS
- What is the company number of X-RIS?
- The company number of X-RIS is 0809.169.941. The VAT number is the same number with BE in front: BE 0809.169.941.
- Where is X-RIS based?
- The registered office is at Rue Louis Plescia 38, 4102 Seraing.Company details
- What does X-RIS do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26510).
- What is the legal form of X-RIS?
- X-RIS is a private limited company (BV).
- When was X-RIS founded?
- X-RIS was founded on 16-01-2009.
- Is X-RIS still active?
- Yes, X-RIS is an active enterprise in the KBO register.
- How many employees does X-RIS have?
- X-RIS had an average of 32 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of X-RIS?
- The turnover in financial year 2025 is ≈ €7.8m. This figure is estimated from the gross margin of €4.5m and 1,585 comparable companies of the same size. It probably lies between €5.3m and €13.0m. It is a rough estimate.
- Is X-RIS profitable?
- In financial year 2025, X-RIS made a profit of €1.8m.
- Where can I find the annual accounts of X-RIS?
- X-RIS filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of X-RIS due?
- X-RIS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
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