Turnover
The micro format states no turnover.
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 23% of them on solvency, 45% on liquidity and 45% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,375 companies had the same profile as XANTHI has now. Each dot stands for 4 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of XANTHI itself is lower: 0.3% within 12 months. It rests on far more data about XANTHI than the profile alone.
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,375 companies, not a prediction for XANTHI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.67, below 1. Short-term debt is 57.7% and cash 20.9% of total assets. 90.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| XANTHI Sint-Niklaas | €64,787 | €4,723 | 9.8% | - |
| SPICY Berloz | €70,457 | €3,691 | -31.2% | - |
| Pieter De Block Dendermonde | €37,129 | €3,850 | 91.6% | - |
| AM & DK COMPANY Brussels | €51,905 | €7,532 | 16.7% | - |
| GOODLANDS Bekkevoort | €72,700 | €7,984 | 44.2% | - |
| VDK Consult Brasschaat | €46,782 | €5,874 | 79.6% | - |
| KRIJGSMAN Sint-Niklaas | €82,169 | €10,490 | -114.7% | - |
These companies have the same main activity as XANTHI: agents in the wholesale of food, beverages and tobacco (NACE 46170). They are comparable in size and age: total assets between €37,100 and €82,200, founded between 2006 and 2012.
XANTHI has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,374 and a net result of €1,166.
Its solvency ranks better than 26% of 13,807 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €40,000. Estimated: probably between €20,000 and €68,000.
Higher than 26% of 13,807 companies in 2025.
Higher than 17% of 13,189 companies in 2025.
Higher than 43% of 13,367 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
64,787 | |
21/28 |
39,581 | |
22/27 |
39,581 | |
24 |
39,581 | |
29/58 |
25,206 | |
40/41 |
9,966 | |
40 |
9,467 | |
41 |
499 | |
54/58 |
13,519 | |
490/1 |
1,721 | |
| Balance sheet: equity and liabilities | ||
10/49 |
64,787 | |
10/15 |
6,374 | |
10/11 |
1,100 | |
11 |
1,100 | |
1100/10 |
1,100 | |
13 |
5,274 | |
133 |
5,274 | |
17/49 |
58,413 | |
17 |
21,033 | |
170/4 |
21,033 | |
42/48 |
37,380 | |
42 |
5,718 | |
44 |
5,092 | |
440/4 |
5,092 | |
45 |
2,215 | |
450/3 |
2,215 | |
47/48 |
24,355 | |
| Income statement | ||
9900 |
4,723 | |
630 |
328 | |
640/8 |
1,072 | |
9901 |
3,323 | |
65/66B |
752 | |
65 |
752 | |
9903 |
2,571 | |
67/77 |
1,405 | |
9904 |
1,166 | |
9905 |
1,166 | |
| Appropriation of the result | ||
9906 |
1,166 | |
791/2 |
10,490 | |
691/2 |
1,166 | |
6921 |
1,166 | |
694/7 |
10,490 | |
694 |
10,490 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 10-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 10-03-2026 | 2026-00051513 |
| Line | Trend | 2025 |
|---|---|---|
| 3,651 | ||
| 1,494 | ||
| 39,909 | ||
| -12,174 | ||
| 9.8% | ||
| 0.67 | ||
| 9.16 | ||
| 18.3% | ||
| 1.8% | ||
| 4.86 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-09-2025 |
|---|---|
| Tangible fixed assets | €39,909 |
| €328 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Debt's share of the balance-sheet total is 90.2%.
XANTHI has no parent and no holdings in its annual accounts. Joachim Vonck is the only director. XANTHI shares no director with another company.
| LUXASSUR
registered office since 12-04-2013 · founded in 2013 |
total assets €26,342 (2025) 0526.798.585 |
| Vonck, Thibaut (sole trader)
establishment since 01-09-2026 |
founded in 2026 1042.038.435 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Modernadreef 13 registered office 9100 Sint-Niklaas 47120 Other non-specialised retail sale | 10-11-2008 | 2.174.436.825 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46021A0939/00M002 | 1,318 m² | 1 · 174 m² | 5.7 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0807.764.629
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