Equity
€402,685 ▲ 39.4%
X4 has made a profit in every financial year since 2010.
X4
Lifetime
16 annual accounts with figures on one time axispeak €256,681 (2023)
€201,564▲ 0.8%
peak €148,307 (2023)
€113,807▲ 18.1%
peak €402,685 (2025)
€402,685▲ 39.4%
€210,345▼ 28.2%
Board1 name since 2010
1 directorDecavel Xavier
Documentsfilings and deeds
16-09-202647 days late
2025micro format
Registered office moved within Harelbeke 02-05Equity from €288,878 to €402,685Debts from €293,140 to €210,345Cash from €109,578 to €54,775
Key points
from the 2025 annual accountsChecked score
71
Healthy
Financially stronger than 70% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 7 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 12-2024lowest value
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: 0.3%▲ +0.2 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.4 percentage points vs 07-2025
09-2025: 0.2%▼ -0.5 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.3%▲ +0.1 percentage points vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.4%▲ +0.1 percentage points vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.8%▲ +0.3 percentage points vs 07-2026
09-2026: 1.1%▲ +0.3 percentage points vs 08-2026highest value
10-2026: 0.7%▼ -0.4 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
Last filed accounts filed 47 days late; 1 of the last 3 accounts late
Sector: Specialised construction activities (NACE 43)
lowers risk
Figures for financial year 2025 (filed on 17-09-2026)
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 43, micro). It does better than 71% of them on solvency, 53% on liquidity, 78% on profitability and 79% on growth.
The bankruptcy probability was computed on 10-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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 X4 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
The bankruptcy probability of X4 itself is higher: 0.7% within 12 months. It rests on far more data about X4 than the profile alone.
Test of the method
The method was tested on the 497,448 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 X4. 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 €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.07 (2.14 in 2024), above the usual 1.5. Short-term debt is 17.6% and cash 8.9% of total assets. 34.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 47 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
47 days late
2024
29 days late
2023
7 days late
2022
30 days late
2021
25 days late
2020
23 days late
2019
9 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 22 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0826999036
Registered office moved within Harelbeke
New registered office: Hallestraat 26, 8530 Harelbeke · Previous registered office: Overacker 23 8530 Harelbeke · General meeting of 18-04-2025 · Gazette deed
Company renamed from XA-4 ELECTRO to X4
Change of role: Decavel Xavier, from manager to director · General meeting of 30-03-2021 · Gazette deed
Incorporation
published on 30-06-2010 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| X4 Harelbeke | €613,030 | €201,564 | 65.7% | - |
| Henk Vandenbogaerde Anzegem | €598,063 | €207,161 | 86.1% | - |
| BELCOMAT Ostend | €616,663 | €217,124 | 63.2% | - |
| FELECON Koekelare | €658,316 | €215,950 | 55.8% | 1 |
| DEVOLEC Harelbeke | €596,514 | €189,915 | 30.0% | - |
| ENLIGHTED Beernem | €528,053 | €212,987 | 27.2% | - |
| GRAVE MICHAEL Zonnebeke | €621,721 | €248,905 | 45.1% | - |
These companies have the same main activity as X4: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €528,000 and €658,000, founded between 2008 and 2012.
Official details
Source: KBO- Status
- Active since 28-06-2010Normal situation
- Activity
- General electrical installation workNACE 43211and 1 other
- Establishment unit
- 2.193.446.9448530 Harelbeke, since 28-06-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Insights on X4
X4 files the micro format. That format states no turnover. The gross margin rose from €24,809 in 2010 to €201,564 in 2025.
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 X4
- What is the company number of X4?
- The company number of X4 is 0826.999.036. The VAT number is the same number with BE in front: BE 0826.999.036.
- Where is X4 based?
- The registered office is at Hallestraat 26, 8530 Harelbeke.Company details
- What does X4 do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of X4?
- X4 is a private limited company (BV).
- When was X4 founded?
- X4 was founded on 28-06-2010.
- Is X4 still active?
- Yes, X4 is an active enterprise in the KBO register.
- What is the turnover of X4?
- The turnover in financial year 2025 is ≈ €600,000. This figure is estimated from the gross margin of €201,564 and 38 comparable companies (NACE 43211). It probably lies between €400,000 and €740,000.Financials
- Is X4 profitable?
- In financial year 2025, X4 made a profit of €113,807.
- Where can I find the annual accounts of X4?
- X4 filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of X4 due?
- X4 must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.