X SUN
ActiveSummary
X SUN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €197,287 and a net result of €3,965. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 6162 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-2
Solvency92▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.91 against 2.51 in 2023; short-term debt: 23.6% and cash: 64.5% of total assets), and 33.5% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
32 d early
2022
45 d early
2021
1 d early
2020
28 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€197,287▲ 2.1%
2023 · €193,322
Total assets
€296,479▲ 0.3%
2023 · €295,460
Net result
€3,965▼ 39.2%
2023 · €6,526
Working capital
€133,188▲ 19.7%
2023 · €111,271
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€13,881€34,288▲ 147%€15,164▼ 55.8%€14,255▼ 6.0%€11,171▼ 21.6%
Net result€19,986above the sector's middle half€36,569above the sector's middle half▲ 83.0%€9,320within the sector's middle half▼ 74.5%€6,526within the sector's middle half▼ 30.0%€3,965within the sector's middle half▼ 39.2%
Equity€140,906above the sector's middle half▲ 16.5%€177,476above the sector's middle half▲ 26.0%€186,795above the sector's middle half▲ 5.3%€193,322above the sector's middle half▲ 3.5%€197,287above the sector's middle half▲ 2.1%
Total assets€251,208above the sector's middle half▼ 8.8%€278,032above the sector's middle half▲ 10.7%€298,981above the sector's middle half▲ 7.5%€295,460above the sector's middle half▼ 1.2%€296,479above the sector's middle half▲ 0.3%
Debt€110,301▼ 28.6%€100,556▼ 8.8%€112,186▲ 11.6%€102,138▼ 9.0%€99,192▼ 2.9%
Working capital€9,815within the sector's middle half€61,483above the sector's middle half▲ 526%€88,538above the sector's middle half▲ 44.0%€111,271above the sector's middle half▲ 25.7%€133,188above the sector's middle half▲ 19.7%
Solvency56.1%within the sector's middle half▲ 12.2pp63.8%above the sector's middle half▲ 7.7pp62.5%above the sector's middle half▼ 1.4pp65.4%above the sector's middle half▲ 3.0pp66.5%above the sector's middle half▲ 1.1pp
Current ratio1.14within the sector's middle half▲ 0.421.77within the sector's middle half▲ 0.632.31above the sector's middle half▲ 0.542.51above the sector's middle half▲ 0.202.91above the sector's middle half▲ 0.40
Return on assets (ROA)8.0%within the sector's middle half▲ 12.7pp13.2%within the sector's middle half▲ 5.2pp3.1%within the sector's middle half▼ 10.0pp2.2%within the sector's middle half▼ 0.9pp1.3%within the sector's middle half▼ 0.9pp
Staff (FTE)2.6within the sector's middle half▼ 3.7%3▲ 15.4%3.5▲ 16.7%4▲ 14.3%4=
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 22% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €295,537
Fixed assets
€92,524 ▼ 15.3%
Current assets
€203,013 ▲ 9.7%
Equity and liabilities €296,479
Equity
€197,287 ▲ 2.1%
Debt
€99,192 ▼ 2.9%
Debt's share of the balance-sheet total falls from 34.6% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,136▼
2023 · €47,730
Cash flow
€37,930▼
2023 · €40,001
Quick ratio
2.90▲
2023 · 2.50
Debt to equity
0.50▼
2023 · 0.53
ROE
2.0%▼
2023 · 3.4%
Interest coverage
7.27▼
2023 · 8.52
Debt ≤ 1 year
€69,825▼
2023 · €73,757
Debt > 1 year
€29,367▲
2023 · €28,381
Income taxes
€1,053▼
2023 · €2,126
Staff costs
€132,046▲
2023 · €131,196
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €62,253 | €105,956 | €131,196 | €132,046 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,137 | €35,112 | €35,956 | €33,475 | €33,965 | ▲ 1.5% |
| Other operating charges640/8 | - | €666 | €1,357 | €6,691 | €782 | ▼ 88.3% |
| Gross operating margin9900 | €78,407 | €132,319 | €158,432 | €185,617 | €177,965 | ▼ 4.1% |
| Operating profit (loss)9901 | €13,881 | €34,288 | €15,164 | €14,255 | €11,171 | ▼ 21.6% |
| Financial income75/76B | - | €12,555 | - | €0 | €59 | ▲ 12,489% |
| Recurring financial income75 | €1 | €12,555 | - | €0 | €59 | ▲ 12,489% |
| Non-recurring financial income76B | - | €12,555 | - | - | - | - |
| Financial charges65/66B | - | €4,779 | €4,202 | €5,603 | €6,212 | ▲ 10.9% |
| Recurring financial charges65 | €4,646 | €4,779 | €4,202 | €5,603 | €6,212 | ▲ 10.9% |
| Profit (loss) for the period before taxes9903 | €19,986 | €42,064 | €10,962 | €8,652 | €5,018 | ▼ 42.0% |
| Income taxes67/77 | - | €5,495 | €1,642 | €2,126 | €1,053 | ▼ 50.5% |
| Profit (loss) for the period9904 | €19,986 | €36,569 | €9,320 | €6,526 | €3,965 | ▼ 39.2% |
| Profit (loss) for the period to be appropriated9905 | €19,986 | €36,569 | €9,320 | €6,526 | €3,965 | ▼ 39.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €251,208 | €278,032 | €298,981 | €295,460 | €296,479 | ▲ 0.3% |
| Formation expenses20 | - | - | - | €1,183 | €942 | ▼ 20.3% |
| Fixed assets21/28 | €171,372 | €136,260 | €142,703 | €109,249 | €92,524 | ▼ 15.3% |
| Tangible fixed assets22/27 | €171,347 | €136,235 | €142,678 | €109,224 | €92,499 | ▼ 15.3% |
| Plant, machinery and equipment23 | - | €134,127 | €141,348 | €108,243 | €91,868 | ▼ 15.1% |
| Furniture and vehicles24 | - | €2,107 | €1,331 | €981 | €631 | ▼ 35.7% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €79,836 | €141,772 | €156,278 | €185,028 | €203,013 | ▲ 9.7% |
| Stocks and contracts in progress3 | €272 | €272 | €272 | €272 | €272 | = |
| Stocks30/36 | - | €272 | €272 | €272 | €272 | = |
| Amounts receivable within one year40/41 | €16 | €2,005 | €5,378 | €2,706 | €7,031 | ▲ 160% |
| Other amounts receivable41 | - | €2,005 | €5,378 | €2,706 | €7,031 | ▲ 160% |
| Cash at bank and in hand54/58 | €79,548 | €139,496 | €150,628 | €179,448 | €191,313 | ▲ 6.6% |
| Deferred charges and accrued income490/1 | - | - | - | €2,603 | €4,398 | ▲ 69.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €251,208 | €278,032 | €298,981 | €295,460 | €296,479 | ▲ 0.3% |
| Equity10/15 | €140,906 | €177,476 | €186,795 | €193,322 | €197,287 | ▲ 2.1% |
| Contributions10/11 | - | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €21,860 | €41,860 | €50,860 | €56,860 | €60,760 | ▲ 6.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €40,000 | €49,000 | €55,000 | €58,900 | ▲ 7.1% |
| Profit (loss) carried forward14 | €112,546 | €129,116 | €129,435 | €129,962 | €130,027 | ▲ 0.1% |
| Amounts payable17/49 | €110,301 | €100,556 | €112,186 | €102,138 | €99,192 | ▼ 2.9% |
| Amounts payable after more than one year17 | €40,280 | €20,268 | €44,446 | €28,381 | €29,367 | ▲ 3.5% |
| Financial debts170/4 | - | €20,268 | €44,446 | €28,381 | €29,367 | ▲ 3.5% |
| Amounts payable within one year42/48 | €70,021 | €80,289 | €67,739 | €73,757 | €69,825 | ▼ 5.3% |
| Current portion of amounts payable after more than one year42 | - | €31,586 | €19,217 | €16,065 | €15,522 | ▼ 3.4% |
| Trade debts44 | €12,891 | €21,269 | €10,570 | €15,200 | €12,227 | ▼ 19.6% |
| Suppliers440/4 | - | €21,269 | €10,570 | €15,200 | €12,227 | ▼ 19.6% |
| Taxes, remuneration and social security45 | - | €23,050 | €33,569 | €38,108 | €32,694 | ▼ 14.2% |
| Taxes450/3 | - | €5,372 | €7,712 | €7,453 | €7,697 | ▲ 3.3% |
| Remuneration and social security454/9 | - | €17,678 | €25,857 | €30,655 | €24,997 | ▼ 18.5% |
| Other amounts payable47/48 | - | €4,383 | €4,383 | €4,383 | €9,383 | ▲ 114% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,986 | €36,569 | €9,320 | €6,526 | €3,965 | ▼ 39.2% |
| + Depreciation and write-downs630 | €35,137 | €35,112 | €35,956 | €33,475 | €33,965 | ▲ 1.5% |
| Operating cash flow (approximation) | €55,123 | €71,681 | €45,276 | €40,001 | €37,930 | ▼ 5.2% |
| Investment in fixed assets (approximation) | - | €0 | -€42,400 | -€20 | -€17,241 | ▼ 85,931% |
| Change in cash | - | €59,948 | €11,132 | €28,820 | €11,865 | ▼ 58.8% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €36,569 ▲83%
Operating result €34,288, net result €36,569, both a record.
31-12
Financial
Equity above €150,000Eq €177,476 ▲26%
2 profitable years in a row build equity to €177,476.
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
31-12
Financial
Back to profitnet €19,986
Net result €19,986 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Jurbise · 1 establishment unit since 2009
Ground area
1,191 m²
Building footprint
235 m²
Volume, LiDAR
849 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
X-Sun
since 20092.175.664.963
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53023A0480/00T000 | Wallonia | 1,005 m² | 1 · 146 m² | - |
| 55020C0825/00V002indicative | Wallonia | 186 m² | 1 · 88 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,710 companies in sector 96230 we hold annual accounts for 628. 383 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
Founded27-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
47750Retail sale of cosmetics and toilet articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807533611
Also
9925:BE0807533611
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.