X-TWO CONSULT
ActiveSummary
X-TWO CONSULT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €950k and a net result of €96k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76=
Solvency83▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.52 in 2024; short-term debt: 17.3% and cash: 8.3% of total assets), and 42.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
57.8%
Return on assets
5.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
25 d late
2023
55 d late
2022
29 d late
2021
29 d late
2020
31 d late
2019
39 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€96k▲ 5.3%
2024 · €91k
2018: €76k
2019: €64k
2020: €18k
2021: €47k
2022: €129k
2023: €67k
2024: €91k
2018 → 2025
Working capital
€-58k▲ 57.1%
2024 · €-134k
2018: €-129k
2019: €-312k
2020: €-317k
2021: €-298k
2022: €-193k
2023: €-179k
2024: €-134k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€568k-€697k▲ 22.7%€764k▲ 9.6%€855k▲ 11.9%€950k▲ 11.2%
Operating result€95k-€131k▲ 37.3%€118k▼ 10.1%€153k▲ 30.2%€161k▲ 4.9%
Net result€47k-€129k▲ 176%€67k▼ 48.1%€91k▲ 35.6%€96k▲ 5.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.64M
Fixed assets
€1.42M ▼ 4.8%
Current assets
€227k ▲ 53.2%
Equity and liabilities €1.64M
Equity
€950k ▲ 11.2%
Debt
€694k ▼ 11.3%
Debt's share of the balance-sheet total falls from 47.8% to 42.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€233k▲
2024 · €227k
Cash flow
€168k▲
2024 · €165k
Current ratio
0.80▲
2024 · 0.52
Quick ratio
0.79▲
2024 · 0.52
Debt to equity
0.73▼
2024 · 0.92
ROE
10.1%▼
2024 · 10.6%
ROA
5.8%▲
2024 · 5.6%
Interest coverage
11.30▲
2024 · 9.74
Debt ≤ 1 year
€284k▲
2024 · €282k
Debt > 1 year
€410k▼
2024 · €500k
Income taxes
€41k▲
2024 · €39k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.64M€1.64M▲
Fixed assets21/28€1.49M€1.42M▼
Tangible fixed assets22/27€1.43M€1.36M▼
Land and buildings22€1.25M€1.20M▼
Plant, machinery and equipment23€62k€52k▼
Furniture and vehicles24€124k€110k▼
Financial fixed assets28€56k€53k▼
Current assets29/58€148k€227k▲
Stocks and contracts in progress3-€2k
Stocks30/36-€2k
Amounts receivable within one year40/41€61k€88k▲
Trade receivables40€59k€70k▲
Other amounts receivable41€2k€18k▲
Cash at bank and in hand54/58€85k€136k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.64M€1.64M▲
Equity10/15€855k€950k▲
Contributions10/11€50k€50k=
Reserves13€520k€616k▲
Distributable reserves133€520k€616k▲
Profit (loss) carried forward14€284k€284k=
Amounts payable17/49€782k€694k▼
Amounts payable after more than one year17€500k€410k▼
Financial debts170/4€500k€410k▼
Amounts payable within one year42/48€282k€284k▲
Current portion of amounts payable after more than one year42€94k€99k▲
Trade debts44€10k€1k▼
Suppliers440/4€10k€1k▼
Taxes, remuneration and social security45€36k€55k▲
Taxes450/3€36k€55k▲
Other amounts payable47/48€143k€129k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€72k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€229k€239k▲
Operating profit (loss)9901€153k€161k▲
Financial income75/76B€15€130▲
Recurring financial income75€15€130▲
Financial charges65/66B€23k€24k▲
Recurring financial charges65€23k€21k▼
Non-recurring financial charges66B-€3k
Profit (loss) for the period before taxes9903€130k€137k▲
Income taxes67/77€39k€41k▲
Profit (loss) for the period9904€91k€96k▲
Profit (loss) for the period to be appropriated9905€91k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€375k€380k▲
Profit (loss) brought forward from the previous period14P€284k€284k=
Transfer to equity691/2€91k€96k▲
To other reserves6921€91k€96k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €129k ▲176%
Net result €129k, the highest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €18k ▼72%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 36 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 41 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Incourt · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue d' Hoegaerde 9B1315 IncourtGround area
3,798 m²
Building footprint
227 m²
Volume, LiDAR
1,293 m³
Parcel 25043B0017/00H000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
X-Two Consult
since 20042.139.089.431
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25043B0017/00H000 | Wallonia | 3,798 m² | 1 · 227 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ENTREPRISES MICHEL JASPAR
BE 0437.519.983
Malmedy · Eq €951,724
C.H.CONSTRUCTION
BE 0507.583.083
Liège · Eq €948,163
MAXIME DEWITTE
BE 0824.378.848
Comines-Warneton · Eq €948,119
HOUTHOOFDT D & G
BE 0878.215.927
Bouillon · Eq €948,090
BOUWONDERNEMING CANNEYT
BE 0416.873.039
Oostkamp · Eq €953,044
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 6,621 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
80010Investigation and private security services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.