XAC
ActiveSummary
XAC has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,253 and a net result of €112,707. Equity is growing by ~66.6% per year across the filed fiscal years. Its solvency ranks better than 86% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+34
Solvency100▲+4
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 9.72 against 3.3 in 2024; short-term debt: 9.9% and cash: 94.9% of total assets), and 9.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
90.1%
Return on assets
65.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
18 d early
2024
8 d early
2023
34 d early
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 17 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€154,253▲ 151%
2024 · €61,546
Total assets
€171,180▲ 97.6%
2024 · €86,615
Net result
€112,707▲ 1,491%
2024 · €7,084
Working capital
€147,607▲ 156%
2024 · €57,715
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€40,327-€28,386▼ 29.6%€13,576▼ 52.2%€150,583▲ 1,009%
Net result€31,871within the sector's middle half-€21,591within the sector's middle half▼ 32.3%€7,084within the sector's middle half▼ 67.2%€112,707within the sector's middle half▲ 1,491%
Equity€32,871within the sector's middle half-€54,462within the sector's middle half▲ 65.7%€61,546within the sector's middle half▲ 13.0%€154,253within the sector's middle half▲ 151%
Total assets€64,369below the sector's middle half-€84,247within the sector's middle half▲ 30.9%€86,615within the sector's middle half▲ 2.8%€171,180below the sector's middle half▲ 97.6%
Debt€31,498-€29,784▼ 5.4%€25,068▼ 15.8%€16,927▼ 32.5%
Working capital€32,751within the sector's middle half-€52,309within the sector's middle half▲ 59.7%€57,715within the sector's middle half▲ 10.3%€147,607within the sector's middle half▲ 156%
Solvency51.1%within the sector's middle half-64.6%within the sector's middle half▲ 13.6pp71.1%within the sector's middle half▲ 6.4pp90.1%above the sector's middle half▲ 19.1pp
Current ratio2.05within the sector's middle half-2.76within the sector's middle half▲ 0.703.30within the sector's middle half▲ 0.559.72above the sector's middle half▲ 6.42
Return on assets (ROA)49.5%above the sector's middle half-25.6%within the sector's middle half▼ 23.9pp8.2%within the sector's middle half▼ 17.4pp65.8%above the sector's middle half▲ 57.7pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result +1,491% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,009% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €171,180
Fixed assets
€6,646 ▲ 73.5%
Current assets
€164,534 ▲ 98.8%
Equity and liabilities €171,180
Equity
€154,253 ▲ 151%
Debt
€16,927 ▼ 32.5%
Debt's share of the balance-sheet total falls from 28.9% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€152,192▲
2024 · €14,571
Cash flow
€114,315▲
2024 · €8,079
Debt to equity
0.11▼
2024 · 0.41
ROE
73.1%▲
2024 · 11.5%
Interest coverage
30.16▲
2024 · 4.44
Debt ≤ 1 year
€16,927▼
2024 · €25,068
Income taxes
€32,830▲
2024 · €3,208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €397 | €853 | €995 | €1,609 | ▲ 61.7% |
| Other operating charges640/8 | €597 | €448 | €523 | €634 | ▲ 21.1% |
| Gross operating margin9900 | €41,320 | €29,687 | €15,094 | €152,825 | ▲ 912% |
| Operating profit (loss)9901 | €40,327 | €28,386 | €13,576 | €150,583 | ▲ 1,009% |
| Financial income75/76B | €0 | - | €0 | €0 | = |
| Recurring financial income75 | €0 | - | €0 | €0 | = |
| Financial charges65/66B | €5 | €56 | €3,283 | €5,046 | ▲ 53.7% |
| Recurring financial charges65 | €5 | €56 | €3,283 | €5,046 | ▲ 53.7% |
| Profit (loss) for the period before taxes9903 | €40,322 | €28,330 | €10,292 | €145,537 | ▲ 1,314% |
| Income taxes67/77 | €8,451 | €6,739 | €3,208 | €32,830 | ▲ 923% |
| Profit (loss) for the period9904 | €31,871 | €21,591 | €7,084 | €112,707 | ▲ 1,491% |
| Profit (loss) for the period to be appropriated9905 | €31,871 | €21,591 | €7,084 | €112,707 | ▲ 1,491% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €64,369 | €84,247 | €86,615 | €171,180 | ▲ 97.6% |
| Formation expenses20 | €520 | - | - | - | - |
| Fixed assets21/28 | - | €2,153 | €3,832 | €6,646 | ▲ 73.5% |
| Intangible fixed assets21 | - | - | €825 | €537 | ▼ 35.0% |
| Tangible fixed assets22/27 | - | €2,153 | €3,007 | €6,110 | ▲ 103% |
| Plant, machinery and equipment23 | - | - | €1,574 | €1,212 | ▼ 23.0% |
| Furniture and vehicles24 | - | €2,153 | €1,433 | €4,897 | ▲ 242% |
| Current assets29/58 | €63,850 | €82,093 | €82,783 | €164,534 | ▲ 98.8% |
| Amounts receivable within one year40/41 | €52,183 | €60,444 | €1,139 | €0 | ▼ 100% |
| Trade receivables40 | €52,183 | €60,444 | €1,139 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €11,269 | €19,312 | €80,335 | €162,436 | ▲ 102% |
| Deferred charges and accrued income490/1 | €398 | €2,337 | €1,309 | €2,098 | ▲ 60.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €64,369 | €84,247 | €86,615 | €171,180 | ▲ 97.6% |
| Equity10/15 | €32,871 | €54,462 | €61,546 | €154,253 | ▲ 151% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Outside capital11 | €1,000 | €1,000 | - | - | - |
| Other1109/19 | €1,000 | €1,000 | - | - | - |
| Profit (loss) carried forward14 | €31,871 | €53,462 | €60,546 | €153,253 | ▲ 153% |
| Amounts payable17/49 | €31,498 | €29,784 | €25,068 | €16,927 | ▼ 32.5% |
| Amounts payable within one year42/48 | €31,098 | €29,784 | €25,068 | €16,927 | ▼ 32.5% |
| Trade debts44 | €5,322 | €558 | €1,447 | €6,874 | ▲ 375% |
| Suppliers440/4 | €5,322 | €558 | €1,447 | €6,874 | ▲ 375% |
| Taxes, remuneration and social security45 | €25,776 | €29,226 | €23,621 | €10,053 | ▼ 57.4% |
| Taxes450/3 | €21,976 | €29,226 | €23,621 | €10,053 | ▼ 57.4% |
| Remuneration and social security454/9 | €3,800 | - | - | - | - |
| Accrued charges and deferred income492/3 | €400 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,871 | €21,591 | €7,084 | €112,707 | ▲ 1,491% |
| + Depreciation and write-downs630 | €397 | €853 | €995 | €1,609 | ▲ 61.7% |
| Operating cash flow (approximation) | €32,268 | €22,444 | €8,079 | €114,315 | ▲ 1,315% |
| Investment in fixed assets (approximation) | - | - | -€2,673 | -€4,423 | ▼ 65.5% |
| Change in cash | - | €8,043 | €61,023 | €82,101 | ▲ 34.5% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €112,707 ▲1,491%
Operating result €150,583, net result €112,707, both a record.
31-12
Financial
Liquidity triplescurrent ratio 9.72
Current ratio from 3.30 to 9.72; short-term debt falls from €25,068 to €16,927.
31-12
Financial
Equity above €150,000Eq €154,253 ▲151%
4 profitable years in a row build equity to €154,253.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €7,084 ▼67.2%
Net result drops to €7,084, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2022
Ground area
714 m²
Building footprint
66 m²
Volume, LiDAR
507 m³
Parcel 92010D0418/00G004, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
XAC
since 20222.334.142.078
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92010D0418/00G004 | Wallonia | 714 m² | 1 · 66 m² | 9.8 m · 3 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 40,803 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
Founded28-07-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
47761Retail sale of flowers, plants, seeds and fertilisers
73300Public relations and communication consultancy
74999Other professional, scientific and technical activities
85592Vocational training
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0788983647
Registered
02-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.