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XANDRES

Active
Public limited companyfounded 201511 yrs activeNijverheidsstraat 20, 9070 Destelbergen, BelgiumKBO/BCE: BE 0639.856.936
Summary

XANDRES has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €3.5m and a net result of €1.0m. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 46 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
XANDRESActiveChecked score 87/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of outerwear
NACE 14210NACE 14130
#4 company by total assets in East Flanders, Clothing sector11 sites
Size
€35.0mturnover 2026
Staff
96.9 FTE
Equity
€3.5m
Profit
€1.0m
Financial health
87 Excellent Checked score 2026
Bankruptcy chance 12 m
0.2%
Structure
Parent
DAMARTEX SA, FR-59100 ROUBAIX
Holdings
2
Accounts 121 d early0 of 13 deeds read
Why 87- Equity €2.5m (16.2% of total assets)- 11 establishment units+ Sector Manufacture of wearing apparel (NACE 14)+ Figures for FY 2025 (filed 29-09-2025)Show the evidence

Checked score

Score 2026
87 / 100
Excellent
Probability in this band: under 0.55%
Better than 37% of its sector peers (all companies)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Average
Solvency 46+5
equity 21.2% of total assets
Liquidity 19+1
short-term debt 77.9% · cash 9.1%
Profitability 66+11
return on assets 6.1%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (10 companies)
Last 24 months 11-2024: 1.2% 12-2024: 1.2%▲ +4.2% vs 11-2024highest value 01-2025: 1.0%▼ -16.2% vs 12-2024 02-2025: 1.0%● 0.0% vs 01-2025 03-2025: 1.0%▲ +0.7% vs 02-2025 04-2025: 1.0%● 0.0% vs 03-2025 05-2025: 1.0%● 0.0% vs 04-2025 06-2025: 1.0%● 0.0% vs 05-2025 07-2025: 1.0%● 0.0% vs 06-2025 08-2025: 1.0%▼ -3.4% vs 07-2025 09-2025: 1.0%● 0.0% vs 08-2025 10-2025: 0.2%▼ -78.2% vs 09-2025 11-2025: 0.2%● 0.0% vs 10-2025 12-2025: 0.2%● 0.0% vs 11-2025 01-2026: 0.2%▼ -1.4% vs 12-2025 02-2026: 0.2%● 0.0% vs 01-2026 03-2026: 0.2%● 0.0% vs 02-2026 04-2026: 0.2%▼ -4.2% vs 03-2026 05-2026: 0.2%● 0.0% vs 04-2026 06-2026: 0.2%● 0.0% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.2%▼ -3.9% vs 07-2026 09-2026: 0.2%▼ -0.5% vs 08-2026lowest value 10-2026: 0.2%▲ +5.6% vs 09-2026
  • Sector Manufacture of wearing apparel (NACE 14) lowers the probability
  • Equity €2.5m (16.2% of total assets) raises the probability
  • Figures for FY 2025 (filed 29-09-2025) lowers the probability
  • 11 establishment units raises the probability
Credit up to €300,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.11 in 2025; short-term debt: 77.9% and cash: 9.1% of total assets), and 78.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 26%, liquidity 14%, profitability 36%, growth against the median 70%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Manufacture of wearing apparel (NACE 14)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Equity €2.5m (16.2% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Figures for FY 2025 (filed 29-09-2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 11 establishment units
In the bankruptcy model this factor raises the probability.
KBO · seat and establishments
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 46 sector peers (2025).
NBB · sector comparison
Position among 46 sector peers
Solvency
better than 11%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 02-10-2026, 121 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
121 d early
2025
124 d early
2024
52 d early
2023
71 d early
2022
47 d early
2021
60 d early
2020
46 d early
← 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 74 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today. Usually files around 21 November (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today30-06-2027 close31-01-2028 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2026 · full…
  2. Highest result since 2019net €1.0m ▲283%
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Positive: Result rose in 2026from €266,388 to €1.0m ▲ 283% View
  • Caution: Among the weakest 12% on solvencysector median 45.1% · 46 companies 16.2% View
  • Positive: 6 years of growth in a rowturnover 2026: €35.0m 6 years View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by DAMARTEX SA, FR-59100 ROUBAIXitself parent of 2 companies parent View
  • EU supportawarded 2021 - 2024 €286,415 View

By topic

Financials

Fiscal year
2026
Turnover
€35.0m
Profit
€1.0m
Solvency
21.2%
Turnover▲ 0.3%
Net result
20192026
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-01-2028
  1. 02-10-2026Annual accounts filed
  2. 30-06-2026Highest result since 2019
  3. 29-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
11
Legal form
Public limited company
Activity
Manufacture of outerwearNACE 14210
Founded
02-10-2015
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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