X-RIS
ActiveSummary
X-RIS has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.23M and a net result of €1.76M. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 129 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-10
Solvency64▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €320k at 30 days acceptable
Liquidity ample (current ratio 2.43 against 1.8 in 2024; short-term debt: 32.7% and cash: 12.3% of total assets), but 60.9% of the assets are financed with debt.
Credit check 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 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.1%
Return on assets
16.2%
Age of the figures
12 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
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 d early
2024
90 d early
2023
on the day
2022
65 d early
2021
103 d early
2020
109 d early
2019
91 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.76M▼ 27.5%
2024 · €2.42M
2018: €1.07Mlowest in 8 years
2019: €1.41M▲ +32.0% vs 2018
2020: €2.03M▲ +44.6% vs 2019
2021: €1.64M▼ -19.2% vs 2020
2022: €1.30M▼ -20.7% vs 2021
2023: €1.36M▲ +4.0% vs 2022
2024: €2.42M▲ +78.7% vs 2023highest in 8 years
2025: €1.76M▼ -27.5% vs 2024
2018 → 2025
Working capital
€5.07M▲ 27.7%
2024 · €3.97M
2018: €3.81M
2019: €2.04M▼ -46.5% vs 2018lowest in 8 years
2020: €3.55M▲ +74.2% vs 2019
2021: €3.01M▼ -15.1% vs 2020
2022: €3.50M▲ +16.1% vs 2021
2023: €3.22M▼ -8.1% vs 2022
2024: €3.97M▲ +23.4% vs 2023
2025: €5.07M▲ +27.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.63M-€3.39M▲ 28.9%€3.70M▲ 9.3%€3.55M▼ 3.9%€4.23M▲ 18.9%
2021: €2.63Mlowest in 5 years
2022: €3.39M▲ +28.9% vs 2021
2023: €3.70M▲ +9.3% vs 2022
2024: €3.55M▼ -3.9% vs 2023
2025: €4.23M▲ +18.9% vs 2024highest in 5 years
Operating result€1.84M-€1.42M▼ 22.8%€1.46M▲ 2.3%€2.62M▲ 80.3%€1.91M▼ 27.0%
2021: €1.84M
2022: €1.42M▼ -22.8% vs 2021lowest in 5 years
2023: €1.46M▲ +2.3% vs 2022
2024: €2.62M▲ +80.3% vs 2023highest in 5 years
2025: €1.91M▼ -27.0% vs 2024
Net result€1.64M-€1.30M▼ 20.7%€1.36M▲ 4.0%€2.42M▲ 78.7%€1.76M▼ 27.5%
2021: €1.64M
2022: €1.30M▼ -20.7% vs 2021lowest in 5 years
2023: €1.36M▲ +4.0% vs 2022
2024: €2.42M▲ +78.7% vs 2023highest in 5 years
2025: €1.76M▼ -27.5% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 27% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.80M
Fixed assets
€2.20M ▲ 83.7%
Current assets
€8.60M ▼ 4.0%
Equity and liabilities €10.80M
Equity
€4.23M ▲ 18.9%
Provisions
€58k ▲ 9.8%
Debt
€6.52M ▼ 0.4%
Debt's share of the balance-sheet total falls from 64.5% to 60.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.06M▼
2024 · €2.77M
Cash flow
€1.91M▼
2024 · €2.57M
Current ratio
2.43▲
2024 · 1.80
Quick ratio
2.06▲
2024 · 1.54
Debt to equity
1.54▼
2024 · 1.84
ROE
41.5%▼
2024 · 68.2%
ROA
16.2%▼
2024 · 23.9%
Interest coverage
23.40▼
2024 · 45.58
Debt ≤ 1 year
€3.53M▼
2024 · €4.99M
Debt > 1 year
€933k▲
2024 · €330k
Income taxes
€194k▲
2024 · €171k
Staff costs
€2.42M▲
2024 · €1.88M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 72 lines
Balance sheet
Code20242025
Assets
Total assets20/58€10.15M€10.80M▲
Fixed assets21/28€1.20M€2.20M▲
Intangible fixed assets21€121k€126k▲
Tangible fixed assets22/27€1.04M€2.05M▲
Land and buildings22€292k€273k▼
Plant, machinery and equipment23€30k€57k▲
Furniture and vehicles24€49k€45k▼
Other tangible fixed assets26€23k€17k▼
Assets under construction and advance payments27€651k€1.66M▲
Financial fixed assets28€35k€25k▼
Current assets29/58€8.95M€8.60M▼
Amounts receivable after more than one year29€953k€125k▼
Other amounts receivable291€953k€125k▼
Stocks and contracts in progress3€1.26M€1.34M▲
Stocks30/36€1.26M€1.34M▲
Amounts receivable within one year40/41€4.35M€5.73M▲
Trade receivables40€2.82M€4.07M▲
Other amounts receivable41€1.53M€1.66M▲
Current investments50/53€291k€2k▼
Cash at bank and in hand54/58€2.07M€1.32M▼
Deferred charges and accrued income490/1€38k€78k▲
Equity and liabilities
Total equity and liabilities10/49€10.15M€10.80M▲
Equity10/15€3.55M€4.23M▲
Contributions10/11€34k€34k=
Reserves13€3.35M€3.85M▲
Non-distributable reserves130/1€3k€3k=
Other1319€3k€3k=
Distributable reserves133€3.35M€3.85M▲
Profit (loss) carried forward14€114k€290k▲
Investment grants15€53k€49k▼
Provisions and deferred taxes16€52k€58k▲
Provisions for liabilities and charges160/5€52k€58k▲
Other liabilities and charges164/5€52k€58k▲
Amounts payable17/49€6.55M€6.52M▼
Amounts payable after more than one year17€330k€933k▲
Financial debts170/4€330k€933k▲
Amounts payable within one year42/48€4.99M€3.53M▼
Current portion of amounts payable after more than one year42€55k€140k▲
Trade debts44€1.63M€1.50M▼
Suppliers440/4€1.63M€1.50M▼
Advances received on contracts in progress46€879k€317k▼
Taxes, remuneration and social security45€368k€510k▲
Taxes450/3€2k€89k▲
Remuneration and social security454/9€366k€421k▲
Other amounts payable47/48€2.05M€1.06M▼
Accrued charges and deferred income492/3€1.23M€2.05M▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.88M€2.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€149k€150k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12k€12k=
Provisions for liabilities and charges: additions (uses and reversals)635/8€19k€5k▼
Other operating charges640/8€33k€20k▼
Non-recurring operating charges66A-€13k
Gross operating margin9900€4.72M€4.54M▼
Operating profit (loss)9901€2.62M€1.91M▼
Financial income75/76B€38k€129k▲
Recurring financial income75€38k€129k▲
Financial charges65/66B€69k€93k▲
Recurring financial charges65€61k€88k▲
Non-recurring financial charges66B€8k€5k▼
Profit (loss) for the period before taxes9903€2.59M€1.95M▼
Income taxes67/77€171k€194k▲
Profit (loss) for the period9904€2.42M€1.76M▼
Profit (loss) for the period to be appropriated9905€2.42M€1.76M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.53M€1.87M▼
Profit (loss) brought forward from the previous period14P€104k€114k▲
Transfer from equity791/2€500k-
Transfer to equity691/2€350k€500k▲
To other reserves6921€350k€500k▲
Profit to be distributed694/7€2.56M€1.08M▼
Return on contributions (dividend)694€2.50M€1.00M▼
Employees696€62k€79k▲
Social balance
Average headcount (FTE)908725.332.0▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.09M | €1.46M | €1.88M | €2.42M | ▲ 29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111k | €135k | €147k | €149k | €150k | ▲ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €29k | €-121k | €12k | €12k | = |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €-11k | €10k | €19k | €5k | ▼ 72.9% |
| Other operating charges640/8 | - | €11k | €19k | €33k | €20k | ▼ 40.2% |
| Non-recurring operating charges66A | - | €45 | - | - | €13k | - |
| Gross operating margin9900 | €2.96M | €2.67M | €2.97M | €4.72M | €4.54M | ▼ 3.8% |
| Operating profit (loss)9901 | €1.84M | €1.42M | €1.46M | €2.62M | €1.91M | ▼ 27.0% |
| Financial income75/76B | - | €16k | €51k | €38k | €129k | ▲ 238% |
| Recurring financial income75 | €14k | €16k | €51k | €38k | €129k | ▲ 238% |
| Financial charges65/66B | - | €28k | €32k | €69k | €93k | ▲ 34.8% |
| Recurring financial charges65 | €22k | €20k | €27k | €61k | €88k | ▲ 45.0% |
| Non-recurring financial charges66B | - | €8k | €5k | €8k | €5k | ▼ 40.0% |
| Profit (loss) for the period before taxes9903 | €1.83M | €1.41M | €1.47M | €2.59M | €1.95M | ▼ 24.8% |
| Income taxes67/77 | €188k | €107k | €120k | €171k | €194k | ▲ 13.9% |
| Profit (loss) for the period9904 | €1.64M | €1.30M | €1.36M | €2.42M | €1.76M | ▼ 27.5% |
| Profit (loss) for the period to be appropriated9905 | €1.64M | €1.30M | €1.36M | €2.42M | €1.76M | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.73M | €5.83M | €6.76M | €10.15M | €10.80M | ▲ 6.4% |
| Fixed assets21/28 | €517k | €576k | €1.14M | €1.20M | €2.20M | ▲ 83.7% |
| Intangible fixed assets21 | €78k | €122k | €126k | €121k | €126k | ▲ 4.3% |
| Tangible fixed assets22/27 | €439k | €453k | €981k | €1.04M | €2.05M | ▲ 96.5% |
| Land and buildings22 | - | €343k | €317k | €292k | €273k | ▼ 6.6% |
| Plant, machinery and equipment23 | - | €21k | €22k | €30k | €57k | ▲ 91.8% |
| Furniture and vehicles24 | - | €36k | €24k | €49k | €45k | ▼ 8.8% |
| Other tangible fixed assets26 | - | €54k | €28k | €23k | €17k | ▼ 26.1% |
| Assets under construction and advance payments27 | - | - | €590k | €651k | €1.66M | ▲ 155% |
| Financial fixed assets28 | €30 | €30 | €31k | €35k | €25k | ▼ 26.7% |
| Current assets29/58 | €5.21M | €5.25M | €5.62M | €8.95M | €8.60M | ▼ 4.0% |
| Amounts receivable after more than one year29 | - | €604k | €961k | €953k | €125k | ▼ 86.9% |
| Other amounts receivable291 | - | €604k | €961k | €953k | €125k | ▼ 86.9% |
| Stocks and contracts in progress3 | €650k | €634k | €1.00M | €1.26M | €1.34M | ▲ 6.1% |
| Stocks30/36 | - | €634k | €1.00M | €1.26M | €1.34M | ▲ 6.1% |
| Amounts receivable within one year40/41 | €1.84M | €1.66M | €1.88M | €4.35M | €5.73M | ▲ 31.9% |
| Trade receivables40 | - | €1.27M | €1.56M | €2.82M | €4.07M | ▲ 44.5% |
| Other amounts receivable41 | - | €390k | €316k | €1.53M | €1.66M | ▲ 8.6% |
| Current investments50/53 | €488k | €488k | €289k | €291k | €2k | ▼ 99.3% |
| Cash at bank and in hand54/58 | €1.54M | €1.86M | €1.39M | €2.07M | €1.32M | ▼ 35.9% |
| Deferred charges and accrued income490/1 | - | €13k | €99k | €38k | €78k | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.73M | €5.83M | €6.76M | €10.15M | €10.80M | ▲ 6.4% |
| Equity10/15 | €2.63M | €3.39M | €3.70M | €3.55M | €4.23M | ▲ 18.9% |
| Contributions10/11 | - | €34k | €34k | €34k | €34k | = |
| Reserves13 | €2.47M | €3.22M | €3.50M | €3.35M | €3.85M | ▲ 14.9% |
| Non-distributable reserves130/1 | - | €3k | €3k | €3k | €3k | = |
| Other1319 | - | €3k | €3k | €3k | €3k | = |
| Distributable reserves133 | - | €3.22M | €3.50M | €3.35M | €3.85M | ▲ 14.9% |
| Profit (loss) carried forward14 | €52k | €66k | €104k | €114k | €290k | ▲ 155% |
| Investment grants15 | - | €62k | €57k | €53k | €49k | ▼ 6.6% |
| Provisions and deferred taxes16 | €35k | €24k | €34k | €52k | €58k | ▲ 9.8% |
| Provisions for liabilities and charges160/5 | - | €24k | €34k | €52k | €58k | ▲ 9.8% |
| Other liabilities and charges164/5 | - | €24k | €34k | €52k | €58k | ▲ 9.8% |
| Amounts payable17/49 | €3.07M | €2.42M | €3.03M | €6.55M | €6.52M | ▼ 0.4% |
| Amounts payable after more than one year17 | €187k | €152k | €378k | €330k | €933k | ▲ 182% |
| Financial debts170/4 | - | €152k | €378k | €330k | €933k | ▲ 182% |
| Amounts payable within one year42/48 | €2.20M | €1.75M | €2.40M | €4.99M | €3.53M | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | - | €39k | €57k | €55k | €140k | ▲ 156% |
| Trade debts44 | €339k | €813k | €587k | €1.63M | €1.50M | ▼ 8.2% |
| Suppliers440/4 | - | €813k | €587k | €1.63M | €1.50M | ▼ 8.2% |
| Advances received on contracts in progress46 | - | €92k | €396k | €879k | €317k | ▼ 63.9% |
| Taxes, remuneration and social security45 | - | €278k | €308k | €368k | €510k | ▲ 38.5% |
| Taxes450/3 | - | €58k | €22k | €2k | €89k | ▲ 4,280% |
| Remuneration and social security454/9 | - | €220k | €286k | €366k | €421k | ▲ 15.1% |
| Other amounts payable47/48 | - | €532k | €1.05M | €2.05M | €1.06M | ▼ 48.1% |
| Accrued charges and deferred income492/3 | - | €514k | €244k | €1.23M | €2.05M | ▲ 66.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.64M | €1.30M | €1.36M | €2.42M | €1.76M | ▼ 27.5% |
| + Depreciation and write-downs630 | €111k | €135k | €147k | €149k | €150k | ▲ 0.8% |
| Operating cash flow (approximation) | €1.75M | €1.44M | €1.50M | €2.57M | €1.91M | ▼ 25.9% |
| Investment in fixed assets (approximation) | - | €-194k | €-709k | €-211k | €-1.15M | ▼ 448% |
| Change in cash | - | €319k | €-463k | €673k | €-742k | ▼ 210% |
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
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €2.42M ▲78.7%
Operating result €2.62M, net result €2.42M, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Equity above €2MEq €2.41M ▲32%
3 profitable years in a row build equity to €2.41M.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 90 days late
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Herstal · 2 establishment units since 2011
Ground area
1.1 ha
Building footprint
163 m²
Volume, LiDAR
1,413 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
X-RIS
since 20112.201.240.893
X-RIS
since 20262.388.178.305
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62343C0011/00N005 | Wallonia | 8,627 m² | - | - |
| 62312A0453/00W000 | Wallonia | 2,751 m² | 1 · 163 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
6488085J9K5XSANV9568
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Of 213 companies in sector 26510 we hold annual accounts for 166. 93 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
Founded16-01-2009
Fiscal year end30-09
Activities, NACEBEL 2025
26510Manufacture of computer, electronic and optical products
46460Wholesale of pharmaceutical and medical goods
62100Computer programming
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Contact
Website
www.xris.euSeraing
E-mail
info@xris.euSeraing
Scores and ratios are computed by Checked and are not a credit decision.