X4C
InactiveX4C was declared bankrupt on 27-05-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed by liquidation by judgment of 08-07-2025, published in the Belgian State Gazette on 08-08-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 6 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline27-09-2026 today
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-08-2023, 1 day late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
1 d late
2021
31 d early
2020
34 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€345,039▲ 7.3%
2021 · -€372,219
Working capital
-€34,944
2021 · €332,845
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€66,862--€46,936▲ 29.8%-€113,150▼ 141%-€368,754▼ 226%-€342,893▲ 7.0%
Net result-€66,870--€55,955▲ 16.3%-€119,495▼ 114%-€372,219▼ 211%-€345,039▲ 7.3%
Equity-€39,242--€95,197▼ 143%€140,308€265,837▲ 89.5%-€79,202
Total assets€76,990-€193,894▲ 152%€269,659▲ 39.1%€471,657▲ 74.9%€30,302▼ 93.6%
Debt€116,232-€289,091▲ 149%€129,351▼ 55.3%€205,821▲ 59.1%€109,504▼ 46.8%
Working capital€48,445-€5,582▼ 88.5%€231,720▲ 4,051%€332,845▲ 43.6%-€34,944
Staff (FTE)1.31▼ 23.1%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €342,893 in 2022 against €368,754 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €29,654
Fixed assets
€10,093 ▲ 41.0%
Current assets
€19,560 ▼ 95.8%
Key figures and ratios
EBITDA
-€340,343▲
2021 · -€365,982
Cash flow
-€342,489▲
2021 · -€369,447
Solvency
-261.4%▼
2021 · 56.4%
Current ratio
0.36▼
2021 · 3.54
Debt to equity
-1.38▼
2021 · 0.77
Interest coverage
-158.61▼
2021 · -105.62
Debt ≤ 1 year
€54,504▼
2021 · €130,821
Debt > 1 year
€55,000▼
2021 · €75,000
Staff costs
€111,810▲
2021 · €87,338
A ratio outside any meaningful range has been withheld (balance sheet total €30,302, equity -€79,202).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €87,338 | €111,810 | ▲ 28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,225 | €5,225 | €5,225 | €2,772 | €2,550 | ▼ 8.0% |
| Other operating charges640/8 | - | - | - | €348 | €348 | = |
| Gross operating margin9900 | -€18,275 | €44,323 | -€32,770 | -€278,296 | -€228,186 | ▲ 18.0% |
| Operating profit (loss)9901 | -€66,862 | -€46,936 | -€113,150 | -€368,754 | -€342,893 | ▲ 7.0% |
| Recurring financial income75 | €5 | - | €126 | - | - | - |
| Financial charges65/66B | - | - | - | €3,465 | €2,146 | ▼ 38.1% |
| Recurring financial charges65 | €11 | €9,019 | €6,471 | €3,465 | €2,146 | ▼ 38.1% |
| Profit (loss) for the period before taxes9903 | -€66,869 | -€55,955 | -€119,495 | -€372,219 | -€345,039 | ▲ 7.3% |
| Income taxes67/77 | €1 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€66,870 | -€55,955 | -€119,495 | -€372,219 | -€345,039 | ▲ 7.3% |
| Profit (loss) for the period to be appropriated9905 | -€66,870 | -€55,955 | -€119,495 | -€372,219 | -€345,039 | ▲ 7.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,990 | €193,894 | €269,659 | €471,657 | €30,302 | ▼ 93.6% |
| Formation expenses20 | €1,389 | €1,203 | €1,018 | €833 | €648 | ▼ 22.2% |
| Fixed assets21/28 | €12,650 | €7,610 | €2,570 | €7,158 | €10,093 | ▲ 41.0% |
| Intangible fixed assets21 | €12,600 | €7,560 | €2,520 | - | €4,370 | - |
| Tangible fixed assets22/27 | - | - | - | €7,108 | €5,673 | ▼ 20.2% |
| Furniture and vehicles24 | - | - | - | €7,108 | €5,673 | ▼ 20.2% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €62,951 | €185,080 | €266,070 | €463,666 | €19,560 | ▼ 95.8% |
| Amounts receivable within one year40/41 | €4,717 | €58,360 | €10,476 | €86,157 | €11,805 | ▼ 86.3% |
| Trade receivables40 | - | - | - | €56,723 | €4,719 | ▼ 91.7% |
| Other amounts receivable41 | - | - | - | €29,433 | €7,086 | ▼ 75.9% |
| Cash at bank and in hand54/58 | €56,860 | €125,669 | €254,029 | €375,944 | €6,918 | ▼ 98.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,565 | €838 | ▼ 46.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,990 | €193,894 | €269,659 | €471,657 | €30,302 | ▼ 93.6% |
| Equity10/15 | -€39,242 | -€95,197 | €140,308 | €265,837 | -€79,202 | ▼ 130% |
| Contributions10/11 | €132,000 | €132,000 | €362,000 | €859,747 | €859,747 | = |
| Capital10 | - | - | - | €859,747 | €859,747 | = |
| Issued capital100 | - | - | - | €859,747 | €859,747 | = |
| Profit (loss) carried forward14 | -€171,242 | -€227,197 | -€221,692 | -€593,911 | -€938,950 | ▼ 58.1% |
| Amounts payable17/49 | €116,232 | €289,091 | €129,351 | €205,821 | €109,504 | ▼ 46.8% |
| Amounts payable after more than one year17 | €100,000 | €100,000 | €95,000 | €75,000 | €55,000 | ▼ 26.7% |
| Financial debts170/4 | - | - | - | €75,000 | €55,000 | ▼ 26.7% |
| Amounts payable within one year42/48 | €14,506 | €179,498 | €34,351 | €130,821 | €54,504 | ▼ 58.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €25,756 | €30,000 | ▲ 16.5% |
| Trade debts44 | €7,742 | €67,461 | €20,269 | €87,168 | €13,532 | ▼ 84.5% |
| Suppliers440/4 | - | - | - | €87,168 | €13,532 | ▼ 84.5% |
| Taxes, remuneration and social security45 | - | - | - | €17,354 | €10,364 | ▼ 40.3% |
| Remuneration and social security454/9 | - | - | - | €17,354 | €10,364 | ▼ 40.3% |
| Other amounts payable47/48 | - | - | - | €542 | €608 | ▲ 12.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€66,870 | -€55,955 | -€119,495 | -€372,219 | -€345,039 | ▲ 7.3% |
| + Depreciation and write-downs630 | €5,225 | €5,225 | €5,225 | €2,772 | €2,550 | ▼ 8.0% |
| Operating cash flow (approximation) | -€61,645 | -€50,730 | -€114,270 | -€369,447 | -€342,489 | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | -€185 | -€185 | -€7,360 | -€5,485 | ▲ 25.5% |
| Change in cash | - | €68,808 | €128,361 | €121,915 | -€369,027 | ▼ 403% |
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
08-08
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 08-07-2025
2024
04-06
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 27-05-2024
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€372,219
Net result drops to -€372,219, the lowest in the series.
31-12
Financial
Equity above €200,000Eq €265,837 ▲89.5%
Equity rises from €140,308 to €265,837.
27-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity times 8current ratio 7.75
Current ratio from 1.03 to 7.75; short-term debt falls from €179,498 to €34,351.
31-12
Financial
Equity above €100,000Eq €140,308
Equity rises from -€95,197 to €140,308.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GAEL D’HOTEL CHAUSSEE IMPERIALE 150,
6060 GILLY (CHARLEROI)- .
Date provisoire de cessation de paiement : 27/05/2024 |
27-05-2024 → 08-07-2025 |
Structure & network
Owners and holdings
3 ownersOwners 3
-
28.3%
-
27.04%
-
10.79%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.