XA12
ActiveSummary
The annual accounts of XA12 for fiscal year 2025 show a net loss of 87% of total assets and of 50% of the equity at the start of that year. The 2025 annual accounts show equity of €26k and a net result of €-27k. Its solvency ranks better than 90% of 2015 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+5
Growth32
Track record82
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.6 against 3.34 in 2024; short-term debt: 14% and cash: 47.7% of total assets), and 14% of the assets are financed with debt.
Credit check 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
86%
Return on assets
-87.3%
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 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
7 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-27k
2024 · €47k
Working capital
€24k▼ 54.1%
2024 · €52k
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
Line20242025
Operating result€63k-€-26k
Net result€47k-€-27k
Equity€53k-€26k▼ 50.4%
Total assets€76k-€31k▼ 59.9%
Debt€23k-€4k▼ 81.5%
Working capital€52k-€24k▼ 54.1%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €26k after €63k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31k
Fixed assets
€2k ▲ 50.7%
Current assets
€28k ▼ 62.1%
Equity and liabilities €31k
Equity
€26k ▼ 50.4%
Debt
€4k ▼ 81.5%
Debt's share of the balance-sheet total falls from 30.5% to 14.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-25k▼
2024 · €66k
Cash flow
€-26k▼
2024 · €50k
Current ratio
6.60▲
2024 · 3.34
Debt to equity
0.16▼
2024 · 0.44
ROE
-101.6%▼
2024 · 88.7%
ROA
-87.3%▼
2024 · 61.7%
Interest coverage
-39.85▼
2024 · 9433.09
Debt ≤ 1 year
€4k▼
2024 · €22k
Income taxes
€-10▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €823 | ▼ 67.0% |
| Other operating charges640/8 | €2k | €400 | ▼ 73.7% |
| Gross operating margin9900 | €67k | €-25k | ▼ 137% |
| Operating profit (loss)9901 | €63k | €-26k | ▼ 141% |
| Financial income75/76B | - | €89 | - |
| Recurring financial income75 | - | €89 | - |
| Financial charges65/66B | €7 | €637 | ▲ 9,033% |
| Recurring financial charges65 | €7 | €637 | ▲ 9,033% |
| Profit (loss) for the period before taxes9903 | €63k | €-27k | ▼ 142% |
| Income taxes67/77 | €16k | €-10 | ▼ 100% |
| Profit (loss) for the period9904 | €47k | €-27k | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €47k | €-27k | ▼ 157% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €76k | €31k | ▼ 59.9% |
| Fixed assets21/28 | €1k | €2k | ▲ 50.7% |
| Tangible fixed assets22/27 | €1k | €2k | ▲ 54.1% |
| Furniture and vehicles24 | €1k | €2k | ▲ 54.1% |
| Financial fixed assets28 | €95 | €95 | = |
| Current assets29/58 | €75k | €28k | ▼ 62.1% |
| Amounts receivable within one year40/41 | €11k | €14k | ▲ 25.4% |
| Trade receivables40 | €7k | €4k | ▼ 48.0% |
| Other amounts receivable41 | €4k | €10k | ▲ 171% |
| Cash at bank and in hand54/58 | €63k | €15k | ▼ 77.0% |
| Deferred charges and accrued income490/1 | €340 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €76k | €31k | ▼ 59.9% |
| Equity10/15 | €53k | €26k | ▼ 50.4% |
| Contributions10/11 | €6k | €6k | = |
| Profit (loss) carried forward14 | €47k | €20k | ▼ 56.8% |
| Amounts payable17/49 | €23k | €4k | ▼ 81.5% |
| Amounts payable within one year42/48 | €22k | €4k | ▼ 80.8% |
| Trade debts44 | €21k | €4k | ▼ 79.7% |
| Suppliers440/4 | €21k | €4k | ▼ 79.7% |
| Taxes, remuneration and social security45 | €1k | - | - |
| Taxes450/3 | €1k | - | - |
| Accrued charges and deferred income492/3 | €859 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €47k | €-27k | ▼ 157% |
| + Depreciation and write-downs630 | €2k | €823 | ▼ 67.0% |
| Operating cash flow (approximation) | €50k | €-26k | ▼ 152% |
| Investment in fixed assets (approximation) | - | €-2k | - |
| Change in cash | - | €-49k | - |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
NBB filing
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, Ukkel · 1 establishment unit since 2023
Ground area
384 m²
Building footprint
81 m²
Volume, LiDAR
770 m³
Parcel 21614E0216/00X003, Brussels · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Papenkasteelstraat 166, 1180 Ukkel
since 20232.360.898.935
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0216/00X003 | Brussels | 384 m² | 1 · 81 m² | 13.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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
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STANNA
BE 0803.429.521
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GWM
BE 1025.414.516
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Q-ENGINEERING
BE 1012.858.261
Wavre · Eq €26,254
Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 4,328 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
Founded27-11-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
46130Agents in the wholesale of timber and building materials
46190Agents in non-specialised wholesale trade
46319Wholesale of fruit and vegetables, excluding potatoes
46370Wholesale trade
46900Non-specialised wholesale trade
Contact
E-mail
Xa12.be@yahoo.com
Scores and ratios are computed by Checked and are not a credit decision.