XADA

Active

Private limited companyfounded 20188 yrs activeBruggestraat 87, 8770 Ingelmunster, BelgiumKBO/BCE: BE 0698.785.525

Summary

XADA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,479 and a net result of €4,372. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 4711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysis Watch Report Compare

XADAActiveChecked score 64/100

Risk analysis Report Compare

Checked score

Score 2025

64 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability72▲+3

Solvency44▲+5

Growth78=

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1,500 at 30 days acceptable

Liquidity short (current ratio 0.92 against 0.48 in 2024; short-term debt: 11.7% and cash: 3.6% of total assets), and 81.5% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

18.5%

Return on assets

2.8%

Age of the figures

12 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-05-2026, 16 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 · 7 filings

Deviation from the deadline

2025

16 d late

2024

25 d late

2023

19 d late

2022

27 d late

2021

29 d late

2020

27 d late

2019

17 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 May (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

XADA was incorporated on 22 June 2018.¹ Total assets fell from EUR 236,506 in 2019 to EUR 153,839 in 2025.²

Go further with this company

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Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€28,479▲ 19.0%

2024 · €23,934

Total assets

€153,839▼ 11.1%

2024 · €173,014

Net result

€4,372▲ 645%

2024 · €587

Working capital

-€1,438▲ 90.3%

2024 · -€14,825

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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

Line20212022202320242025

Operating result€4,497▼ 71.5%€6,804▲ 51.3%€6,742▼ 0.9%€6,836▲ 1.4%€9,411▲ 37.7%

Net result€89▼ 99.1%€45▼ 49.4%€723▲ 1,507%€587▼ 18.8%€4,372▲ 645%

Equity€22,579▲ 0.4%€22,624▲ 0.2%€23,347▲ 3.2%€23,934▲ 2.5%€28,479▲ 19.0%

Total assets€253,356▼ 4.8%€224,839▼ 11.3%€197,716▼ 12.1%€173,014▼ 12.5%€153,839▼ 11.1%

Debt€230,777▼ 5.3%€202,215▼ 12.4%€174,369▼ 13.8%€149,080▼ 14.5%€125,360▼ 15.9%

Working capital-€11,118▼ 58.0%-€16,025▼ 44.1%-€12,624▲ 21.2%-€14,825▼ 17.4%-€1,438▲ 90.3%

Solvency8.9%▲ 0.5pp10.1%▲ 1.2pp11.8%▲ 1.7pp13.8%▲ 2.0pp18.5%▲ 4.7pp

Current ratio0.74▼ 0.060.56▼ 0.180.59▲ 0.030.48▼ 0.110.92▲ 0.44

Return on assets (ROA)0.0%▼ 3.8pp0.0%=0.4%▲ 0.3pp0.3%=2.8%▲ 2.5pp

above within below the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 38% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €153,839

89.2%

11%

Fixed assets €137,242 ▼ 13.9%

Current assets €16,597 ▲ 21.5%

Equity and liabilities €153,839

18.5%

81.5%

Equity €28,479 ▲ 19.0%

Debt €125,360 ▼ 15.9%

Debt's share of the balance-sheet total falls from 86.2% to 81.5%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€31,523▼

2024 · €32,662

Cash flow

€26,484▲

2024 · €26,413

Quick ratio

0.63▲

2024 · 0.29

Debt to equity

4.40▼

2024 · 6.23

ROE

15.4%▲

2024 · 2.5%

Interest coverage

10.05▲

2024 · 7.28

Debt ≤ 1 year

€18,035▼

2024 · €28,485

Debt > 1 year

€107,325▼

2024 · €120,595

Income taxes

€1,902▲

2024 · €1,764

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,273 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.

Micro
5 to 10 years old
solvency 10 to 30%
a profit under 5% of the balance sheet

2.1% went bankrupt

2.5% stopped otherwise

95% still going

A further 0.8% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.7%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,273 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€173,014€153,839▼

Fixed assets21/28€159,354€137,242▼

Tangible fixed assets22/27€159,354€137,242▼

Land and buildings22€103,198€100,817▼

Plant, machinery and equipment23€40,266€29,777▼

Furniture and vehicles24€15,890€6,648▼

Current assets29/58€13,660€16,597▲

Stocks and contracts in progress3€5,281€5,225▼

Stocks30/36€5,281€5,225▼

Amounts receivable within one year40/41€500€5,720▲

Trade receivables40-€1,220

Other amounts receivable41€500€4,500▲

Cash at bank and in hand54/58€6,930€5,479▼

Deferred charges and accrued income490/1€949€173▼

Equity and liabilities

Total equity and liabilities10/49€173,014€153,839▼

Equity10/15€23,934€28,479▲

Contributions10/11€12,400€12,400=

Reserves13€1,860€1,860=

Non-distributable reserves130/1€1,860€1,860=

Reserves not available under the articles1311€1,860€1,860=

Profit (loss) carried forward14€9,674€14,219▲

Amounts payable17/49€149,080€125,360▼

Amounts payable after more than one year17€120,595€107,325▼

Financial debts170/4€120,595€107,325▼

Amounts payable within one year42/48€28,485€18,035▼

Current portion of amounts payable after more than one year42€22,282€12,872▼

Trade debts44€983€1,062▲

Suppliers440/4€983€1,062▲

Taxes, remuneration and social security45€5,220€4,047▼

Taxes450/3€5,220€4,047▼

Other amounts payable47/48-€54

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,826€22,112▼

Other operating charges640/8€2,904€2,314▼

Gross operating margin9900€35,566€33,837▼

Operating profit (loss)9901€6,836€9,411▲

Financial income75/76B€1€1=

Recurring financial income75€1€1=

Financial charges65/66B€4,486€3,138▼

Recurring financial charges65€4,486€3,138▼

Profit (loss) for the period before taxes9903€2,351€6,274▲

Income taxes67/77€1,764€1,902▲

Profit (loss) for the period9904€587€4,372▲

Profit (loss) for the period to be appropriated9905€587€4,372▲

Appropriation of the result

Profit (loss) to be appropriated9906€9,674€14,219▲

Profit (loss) brought forward from the previous period14P€9,087€9,847▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€16,997	€16,997	€24,962	€25,826	€22,112	▼ 14.4%
Other operating charges640/8	€2,261	€1,954	€2,136	€2,904	€2,314	▼ 20.3%
Gross operating margin9900	€23,755	€25,755	€33,840	€35,566	€33,837	▼ 4.9%
Operating profit (loss)9901	€4,497	€6,804	€6,742	€6,836	€9,411	▲ 37.7%
Financial income75/76B	€4	€1	€18	€1	€1	=
Recurring financial income75	€4	€1	€18	€1	€1	=
Financial charges65/66B	€4,346	€6,045	€5,078	€4,486	€3,138	▼ 30.0%
Recurring financial charges65	€4,346	€6,045	€5,078	€4,486	€3,138	▼ 30.0%
Profit (loss) for the period before taxes9903	€155	€760	€1,682	€2,351	€6,274	▲ 167%
Income taxes67/77	€66	€715	€959	€1,764	€1,902	▲ 7.8%
Profit (loss) for the period9904	€89	€45	€723	€587	€4,372	▲ 645%
Profit (loss) for the period to be appropriated9905	€89	€45	€723	€587	€4,372	▲ 645%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€253,356	€224,839	€197,716	€173,014	€153,839	▼ 11.1%
Fixed assets21/28	€221,180	€204,183	€179,221	€159,354	€137,242	▼ 13.9%
Tangible fixed assets22/27	€221,180	€204,183	€179,221	€159,354	€137,242	▼ 13.9%
Land and buildings22	€110,322	€107,960	€105,579	€103,198	€100,817	▼ 2.3%
Plant, machinery and equipment23	€63,188	€53,850	€44,510	€40,266	€29,777	▼ 26.0%
Furniture and vehicles24	€47,670	€42,373	€29,132	€15,890	€6,648	▼ 58.2%
Current assets29/58	€32,176	€20,656	€18,495	€13,660	€16,597	▲ 21.5%
Stocks and contracts in progress3	€7,603	€7,684	€7,504	€5,281	€5,225	▼ 1.1%
Stocks30/36	€7,603	€7,684	€7,504	€5,281	€5,225	▼ 1.1%
Amounts receivable within one year40/41	€500	€500	€500	€500	€5,720	▲ 1,044%
Trade receivables40	-	-	-	-	€1,220	-
Other amounts receivable41	€500	€500	€500	€500	€4,500	▲ 800%
Cash at bank and in hand54/58	€19,576	€9,975	€7,967	€6,930	€5,479	▼ 20.9%
Deferred charges and accrued income490/1	€4,497	€2,497	€2,524	€949	€173	▼ 81.8%
Equity and liabilities
Total equity and liabilities10/49	€253,356	€224,839	€197,716	€173,014	€153,839	▼ 11.1%
Equity10/15	€22,579	€22,624	€23,347	€23,934	€28,479	▲ 19.0%
Contributions10/11	€12,400	€12,400	€12,400	€12,400	€12,400	=
Reserves13	€1,860	€1,860	€1,860	€1,860	€1,860	=
Non-distributable reserves130/1	€1,860	€1,860	€1,860	€1,860	€1,860	=
Reserves not available under the articles1311	€1,860	€1,860	€1,860	€1,860	€1,860	=
Profit (loss) carried forward14	€8,319	€8,364	€9,087	€9,674	€14,219	▲ 47.0%
Amounts payable17/49	€230,777	€202,215	€174,369	€149,080	€125,360	▼ 15.9%
Amounts payable after more than one year17	€187,483	€165,534	€143,250	€120,595	€107,325	▼ 11.0%
Financial debts170/4	€187,483	€165,534	€143,250	€120,595	€107,325	▼ 11.0%
Amounts payable within one year42/48	€43,294	€36,681	€31,119	€28,485	€18,035	▼ 36.7%
Current portion of amounts payable after more than one year42	€21,120	€21,535	€21,909	€22,282	€12,872	▼ 42.2%
Trade debts44	€1,066	€1,119	€1,755	€983	€1,062	▲ 8.0%
Suppliers440/4	€1,066	€1,119	€1,755	€983	€1,062	▲ 8.0%
Taxes, remuneration and social security45	€8,403	€9,926	€6,455	€5,220	€4,047	▼ 22.5%
Taxes450/3	€4,396	€5,886	€6,455	€5,220	€4,047	▼ 22.5%
Remuneration and social security454/9	€4,007	€4,040	-	-	-	-
Other amounts payable47/48	€12,705	€4,101	€1,000	-	€54	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€89	€45	€723	€587	€4,372	▲ 645%
+ Depreciation and write-downs630	€16,997	€16,997	€24,962	€25,826	€22,112	▼ 14.4%
Operating cash flow (approximation)	€17,086	€17,042	€25,685	€26,413	€26,484	▲ 0.3%
Investment in fixed assets (approximation)	-	€0	€0	-€5,959	€0	▲ 100%
Change in cash	-	-€9,601	-€2,008	-€1,037	-€1,451	▼ 39.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 1Filings 7

Next filing, fiscal year 2026, expected by 30-04-2027

2026

16-05

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 16 days late

2025

25-05

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

19-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

27-05

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 27 days late

2022

29-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

27-05

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

30-09

Financial Back to profitnet €10,264

Net result €10,264 after one loss-making year.

17-05

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 17 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 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, Ingelmunster · 1 establishment unit since 2018

seat establishment The establishment unit on the map

Ground area

754 m²

Building footprint

362 m²

Volume, LiDAR

67 m³

Parcel 36007A0846/00W005, Flanders · tallest building 8.9 m. Linked by address, not a title deed.

1 establishment unit

XADA

Bruggestraat 87, 8770 IngelmunsterRetail trade

since 20182.277.950.275

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36007A0846/00W005	Flanders	753 m²	1 · 362 m²	8.9 m

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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Of 21,734 companies in sector 96210 we hold annual accounts for 2,836. 2,311 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

Founded22-06-2018

Fiscal year end30-09

Activities, NACEBEL 2025

96210Hairdressing and barber services

E-invoicing

Reachable via Peppol

Peppol ID 0208:0698785525

Also 9925:BE0698785525

Registered 13-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.