X-tec
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,299, after a profit of €36,339 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | - | €3,560 |
| Depreciation and write-downs of the year | - | €884 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €884 | - |
| Other operating charges640/8 | €645 | €420 | ▼ 34.9% |
| Gross operating margin9900 | €36,985 | -€1,995 | - |
| Operating profit (loss)9901 | €36,339 | -€3,299 | - |
| Financial income75/76B | €106 | €291 | ▲ 173% |
| Recurring financial income75 | €106 | €291 | ▲ 173% |
| Financial charges65/66B | €994 | €1,119 | ▲ 12.6% |
| Recurring financial charges65 | €994 | €1,119 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | €35,452 | -€4,127 | - |
| Income taxes67/77 | €7,401 | €132 | ▼ 98.2% |
| Profit (loss) for the period9904 | €28,051 | -€4,259 | - |
| Profit (loss) for the period to be appropriated9905 | €28,051 | -€4,259 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €43,325 | €40,210 | ▼ 7.2% |
| Fixed assets21/28 | - | €2,676 | - |
| Tangible fixed assets22/27 | - | €2,676 | - |
| Plant, machinery and equipment23 | - | €410 | - |
| Furniture and vehicles24 | - | €2,267 | - |
| Current assets29/58 | €43,325 | €37,534 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €27,989 | €33,738 | ▲ 20.5% |
| Trade receivables40 | €21,400 | €21,464 | ▲ 0.3% |
| Other amounts receivable41 | €6,589 | €12,274 | ▲ 86.3% |
| Cash at bank and in hand54/58 | €15,092 | €3,796 | ▼ 74.8% |
| Deferred charges and accrued income490/1 | €244 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €43,325 | €40,210 | ▼ 7.2% |
| Equity10/15 | €29,551 | €25,292 | ▼ 14.4% |
| Contributions10/11 | €1,500 | €1,500 | = |
| Reserves13 | €28,051 | €23,792 | ▼ 15.2% |
| Distributable reserves133 | €28,051 | €23,792 | ▼ 15.2% |
| Amounts payable17/49 | €13,774 | €14,919 | ▲ 8.3% |
| Amounts payable within one year42/48 | €13,774 | €14,919 | ▲ 8.3% |
| Trade debts44 | €11 | €1,074 | ▲ 99× |
| Suppliers440/4 | €11 | €1,074 | ▲ 99× |
| Taxes, remuneration and social security45 | €13,764 | €13,845 | ▲ 0.6% |
| Taxes450/3 | €13,764 | €11,945 | ▼ 13.2% |
| Remuneration and social security454/9 | - | €1,900 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €28,051 | -€4,259 | - |
| + Depreciation and write-downs630 | - | €884 | - |
| Operating cash flow (approximation) | €28,051 | -€3,375 | - |
| Change in cash | - | -€11,296 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as X-tec has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of X-tec itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,223 companies, not a prediction for X-tec. 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.