XaHa Software
ActiveSummary
XaHa Software has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €121k. Equity is shrinking by ~57.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency26▼-3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
1.3%
Return on assets
66.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17090 sector peers (2025).
NBB · sector comparisonPosition among 17090 sector peers
Solvency
better than 10%
← weakest
strongest →
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 03-04-2026, 119 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
119 d early
2024
50 d early
2023
37 d early
2022
56 d early
2021
40 d early
2020
36 d early
← 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, micro schema
Equity
€2k▼ 62.3%
2024 · €6k
2020: €37k
2021: €79k▲ +112% vs 2020
2022: €145k▲ +82.0% vs 2021highest in 6 years
2023: €26k▼ -81.9% vs 2022
2024: €6k▼ -76.5% vs 2023
2025: €2k▼ -62.3% vs 2024lowest in 6 years
2020 → 2025
Total assets
€183k▲ 30.6%
2024 · €140k
2020: €56klowest in 6 years
2021: €81k▲ +44.2% vs 2020
2022: €148k▲ +81.5% vs 2021
2023: €210k▲ +42.2% vs 2022highest in 6 years
2024: €140k▼ -33.2% vs 2023
2025: €183k▲ +30.6% vs 2024
2020 → 2025
Net result
€121k▲ 19.3%
2024 · €102k
2020: €36klowest in 6 years
2021: €42k▲ +16.8% vs 2020
2022: €65k▲ +55.1% vs 2021
2023: €62k▼ -5.5% vs 2022
2024: €102k▲ +65.0% vs 2023
2025: €121k▲ +19.3% vs 2024highest in 6 years
2020 → 2025
Working capital
€-5k▲ 1.4%
2024 · €-5k
2020: €28k
2021: €72k▲ +156% vs 2020
2022: €129k▲ +78.6% vs 2021highest in 6 years
2023: €17k▼ -86.5% vs 2022
2024: €-5k▼ -127% vs 2023lowest in 6 years
2025: €-5k▲ +1.4% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€145k▲ 82.0%€26k▼ 81.9%€6k▼ 76.5%€2k▼ 62.3%
2021: €79k
2022: €145k▲ +82.0% vs 2021highest in 5 years
2023: €26k▼ -81.9% vs 2022
2024: €6k▼ -76.5% vs 2023
2025: €2k▼ -62.3% vs 2024lowest in 5 years
Operating result€53k-€82k▲ 53.8%€78k▼ 4.9%€130k▲ 66.3%€155k▲ 19.5%
2021: €53klowest in 5 years
2022: €82k▲ +53.8% vs 2021
2023: €78k▼ -4.9% vs 2022
2024: €130k▲ +66.3% vs 2023
2025: €155k▲ +19.5% vs 2024highest in 5 years
Net result€42k-€65k▲ 55.1%€62k▼ 5.5%€102k▲ 65.0%€121k▲ 19.3%
2021: €42klowest in 5 years
2022: €65k▲ +55.1% vs 2021
2023: €62k▼ -5.5% vs 2022
2024: €102k▲ +65.0% vs 2023
2025: €121k▲ +19.3% vs 2024highest in 5 years
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 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€7k ▼ 39.5%
Current assets
€176k ▲ 37.0%
Equity and liabilities €183k
Equity
€2k ▼ 62.3%
Debt
€181k ▲ 34.9%
Debt's share of the balance-sheet total rises from 95.6% to 98.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€159k▲
2024 · €134k
Cash flow
€126k▲
2024 · €106k
Current ratio
0.97▲
2024 · 0.96
Debt to equity
77.97▲
2024 · 21.82
ROA
66.1%▼
2024 · 72.4%
Interest coverage
810.49▼
2024 · 866.19
Debt ≤ 1 year
€181k▲
2024 · €133k
Income taxes
€34k▲
2024 · €28k
A ratio outside any meaningful range has been withheld (balance sheet total €183k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€140k€183k▲
Fixed assets21/28€12k€7k▼
Tangible fixed assets22/27€12k€7k▼
Land and buildings22€3k€3k▼
Furniture and vehicles24€9k€4k▼
Current assets29/58€129k€176k▲
Amounts receivable within one year40/41€28k€57k▲
Trade receivables40€28k€57k▲
Cash at bank and in hand54/58€101k€119k▲
Deferred charges and accrued income490/1€384€0▼
Equity and liabilities
Total equity and liabilities10/49€140k€183k▲
Equity10/15€6k€2k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€5k€820▼
Amounts payable17/49€134k€181k▲
Amounts payable within one year42/48€133k€181k▲
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Other amounts payable47/48€122k€173k▲
Accrued charges and deferred income492/3€708€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€916€939▲
Gross operating margin9900€135k€160k▲
Operating profit (loss)9901€130k€155k▲
Financial income75/76B€130€871▲
Recurring financial income75€130€871▲
Financial charges65/66B€154€197▲
Recurring financial charges65€154€197▲
Profit (loss) for the period before taxes9903€130k€155k▲
Income taxes67/77€28k€34k▲
Profit (loss) for the period9904€102k€121k▲
Profit (loss) for the period to be appropriated9905€102k€121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€126k€126k▼
Profit (loss) brought forward from the previous period14P€25k€5k▼
Profit to be distributed694/7€122k€125k▲
Return on contributions (dividend)694€120k€124k▲
Directors or managers695€2k€1k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €6k | €7k | €4k | €5k | ▲ 7.8% |
| Other operating charges640/8 | €348 | €1k | €896 | €916 | €939 | ▲ 2.5% |
| Gross operating margin9900 | €58k | €89k | €86k | €135k | €160k | ▲ 19.0% |
| Operating profit (loss)9901 | €53k | €82k | €78k | €130k | €155k | ▲ 19.5% |
| Financial income75/76B | €2 | €20 | - | €130 | €871 | ▲ 568% |
| Recurring financial income75 | €2 | €20 | - | €130 | €871 | ▲ 568% |
| Financial charges65/66B | €2 | €145 | €154 | €154 | €197 | ▲ 27.3% |
| Recurring financial charges65 | €2 | €145 | €154 | €154 | €197 | ▲ 27.3% |
| Profit (loss) for the period before taxes9903 | €53k | €82k | €78k | €130k | €155k | ▲ 20.0% |
| Income taxes67/77 | €11k | €17k | €16k | €28k | €34k | ▲ 22.6% |
| Profit (loss) for the period9904 | €42k | €65k | €62k | €102k | €121k | ▲ 19.3% |
| Profit (loss) for the period to be appropriated9905 | €42k | €65k | €62k | €102k | €121k | ▲ 19.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €148k | €210k | €140k | €183k | ▲ 30.6% |
| Fixed assets21/28 | €7k | €16k | €9k | €12k | €7k | ▼ 39.5% |
| Tangible fixed assets22/27 | €7k | €16k | €9k | €12k | €7k | ▼ 39.5% |
| Land and buildings22 | - | €4k | €3k | €3k | €3k | ▼ 12.7% |
| Furniture and vehicles24 | €7k | €12k | €5k | €9k | €4k | ▼ 48.8% |
| Current assets29/58 | €74k | €132k | €201k | €129k | €176k | ▲ 37.0% |
| Amounts receivable within one year40/41 | €36k | €21k | €29k | €28k | €57k | ▲ 107% |
| Trade receivables40 | €27k | €21k | €29k | €28k | €57k | ▲ 107% |
| Other amounts receivable41 | €9k | €590 | - | - | - | - |
| Cash at bank and in hand54/58 | €38k | €110k | €172k | €101k | €119k | ▲ 18.3% |
| Deferred charges and accrued income490/1 | €358 | €387 | €365 | €384 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €148k | €210k | €140k | €183k | ▲ 30.6% |
| Equity10/15 | €79k | €145k | €26k | €6k | €2k | ▼ 62.3% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €78k | €143k | €25k | €5k | €820 | ▼ 82.3% |
| Amounts payable17/49 | €2k | €3k | €184k | €134k | €181k | ▲ 34.9% |
| Amounts payable within one year42/48 | €2k | €3k | €184k | €133k | €181k | ▲ 35.6% |
| Trade debts44 | €1k | €792 | €2k | €1k | €1k | ▼ 1.0% |
| Suppliers440/4 | €1k | €792 | €2k | €1k | €1k | ▼ 1.0% |
| Taxes, remuneration and social security45 | €506 | €2k | €2k | €10k | €7k | ▼ 29.2% |
| Taxes450/3 | €506 | €2k | €2k | €10k | €7k | ▼ 29.2% |
| Other amounts payable47/48 | - | €600 | €181k | €122k | €173k | ▲ 41.4% |
| Accrued charges and deferred income492/3 | - | - | - | €708 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €65k | €62k | €102k | €121k | ▲ 19.3% |
| + Depreciation and write-downs630 | €4k | €6k | €7k | €4k | €5k | ▲ 7.8% |
| Operating cash flow (approximation) | €46k | €71k | €68k | €106k | €126k | ▲ 18.9% |
| Investment in fixed assets (approximation) | - | €-14k | €0 | €-7k | €0 | ▲ 100% |
| Change in cash | - | €73k | €62k | €-72k | €18k | ▲ 126% |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €121k ▲19.3%
Operating result €155k, net result €121k, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €145k ▲82%
3 profitable years in a row build equity to €145k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 16current ratio 39.57
Current ratio from 2.49 to 39.57; short-term debt falls from €19k to €2k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Blégny · 1 establishment unit since 2020
Ground area
1,263 m²
Building footprint
101 m²
Volume, LiDAR
663 m³
Parcel 62094A0037/00M000, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
XaHa Software
since 20202.303.823.541
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62094A0037/00M000 | Wallonia | 1,263 m² | 1 · 101 m² | 9.2 m · 2 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 16,879 companies in sector 62100 we hold annual accounts for 8,771. 1,848 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
Founded22-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Scores and ratios are computed by Checked and are not a credit decision.