XAVEFORCE
ActiveSummary
XAVEFORCE has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207,855 and a net result of €24,816. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 2026 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency76▲+6
Growth62=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.7 in 2024; short-term debt: 45.1% and cash: 35.4% of total assets), and 49.3% 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
50.7%
Return on assets
6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
26 d late
2023
14 d late
2022
31 d late
2021
30 d late
2020
9 d late
2019
14 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 18 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% 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 26 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€78,163▲ 5.3%
2020 · €74,253
EBIT margin
50.2%▲ 17.7pp
2020 · 32.5%
Net result
€24,816▼ 19.4%
2024 · €30,790
Working capital
-€36,960▲ 36.1%
2024 · -€57,839
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
Turnover€78,163▲ 5.3%
Operating result€39,199▲ 62.6%€24,646▼ 37.1%€54,548▲ 121%€46,408▼ 14.9%€38,595▼ 16.8%
Net result€23,873within the sector's middle half▲ 139%€12,648within the sector's middle half▼ 47.0%€34,933above the sector's middle half▲ 176%€30,790above the sector's middle half▼ 11.9%€24,816above the sector's middle half▼ 19.4%
EBIT margin50.2%▲ 17.7pp
Equity€128,723above the sector's middle half▲ 22.8%€135,916above the sector's middle half▲ 5.6%€152,249above the sector's middle half▲ 12.0%€183,038above the sector's middle half▲ 20.2%€207,855above the sector's middle half▲ 13.6%
Total assets€381,127above the sector's middle half▲ 3.2%€387,274above the sector's middle half▲ 1.6%€426,175above the sector's middle half▲ 10.0%€408,775above the sector's middle half▼ 4.1%€410,246above the sector's middle half▲ 0.4%
Debt€252,404▼ 4.6%€251,358▼ 0.4%€273,927▲ 9.0%€225,736▼ 17.6%€202,391▼ 10.3%
Working capital-€99,834below the sector's middle half▲ 17.8%-€100,385below the sector's middle half▼ 0.6%-€85,269below the sector's middle half▲ 15.1%-€57,839below the sector's middle half▲ 32.2%-€36,960below the sector's middle half▲ 36.1%
Solvency33.8%within the sector's middle half▲ 5.4pp35.1%within the sector's middle half▲ 1.3pp35.7%within the sector's middle half▲ 0.6pp44.8%within the sector's middle half▲ 9.1pp50.7%within the sector's middle half▲ 5.9pp
Current ratio0.44below the sector's middle half▲ 0.130.47below the sector's middle half▲ 0.040.62below the sector's middle half▲ 0.150.70below the sector's middle half▲ 0.080.80below the sector's middle half▲ 0.10
Return on assets (ROA)6.3%within the sector's middle half▲ 3.6pp3.3%within the sector's middle half▼ 3.0pp8.2%within the sector's middle half▲ 4.9pp7.5%within the sector's middle half▼ 0.7pp6.0%within the sector's middle half▼ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts 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
The operating result has fallen two years in a row; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €410,246
Fixed assets
€262,098 ▼ 4.1%
Current assets
€148,148 ▲ 9.5%
Equity and liabilities €410,246
Equity
€207,855 ▲ 13.6%
Debt
€202,391 ▼ 10.3%
Debt's share of the balance-sheet total falls from 55.2% to 49.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€49,917▼
2024 · €57,771
Cash flow
€36,138▼
2024 · €42,153
Debt to equity
0.97▼
2024 · 1.23
ROE
11.9%▼
2024 · 16.8%
Interest coverage
28.09▲
2024 · 24.96
Debt ≤ 1 year
€185,108▼
2024 · €193,194
Debt > 1 year
€17,283▼
2024 · €32,543
Income taxes
€12,001▼
2024 · €13,314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €78,163 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €24,879 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,347 | €11,585 | €11,717 | €11,363 | €11,322 | ▼ 0.4% |
| Other operating charges640/8 | €917 | €931 | €1,023 | €1,337 | €1,102 | ▼ 17.6% |
| Gross operating margin9900 | €53,463 | €37,161 | €67,288 | €59,108 | €51,019 | ▼ 13.7% |
| Operating profit (loss)9901 | €39,199 | €24,646 | €54,548 | €46,408 | €38,595 | ▼ 16.8% |
| Financial income75/76B | €0 | €0 | €0 | €10 | - | - |
| Recurring financial income75 | €0 | €0 | €0 | €10 | - | - |
| Financial charges65/66B | €4,008 | €5,911 | €2,928 | €2,314 | €1,777 | ▼ 23.2% |
| Recurring financial charges65 | €4,008 | €5,911 | €2,928 | €2,314 | €1,777 | ▼ 23.2% |
| Profit (loss) for the period before taxes9903 | €35,192 | €18,734 | €51,620 | €44,104 | €36,817 | ▼ 16.5% |
| Income taxes67/77 | €11,318 | €6,087 | €16,687 | €13,314 | €12,001 | ▼ 9.9% |
| Profit (loss) for the period9904 | €23,873 | €12,648 | €34,933 | €30,790 | €24,816 | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €23,873 | €12,648 | €34,933 | €30,790 | €24,816 | ▼ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381,127 | €387,274 | €426,175 | €408,775 | €410,246 | ▲ 0.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €303,730 | €296,500 | €284,783 | €273,420 | €262,098 | ▼ 4.1% |
| Tangible fixed assets22/27 | €303,730 | €296,500 | €284,783 | €273,420 | €262,098 | ▼ 4.1% |
| Land and buildings22 | €302,897 | €296,063 | €284,741 | €273,420 | €262,098 | ▼ 4.1% |
| Furniture and vehicles24 | €833 | €437 | €41 | - | - | - |
| Current assets29/58 | €77,397 | €90,773 | €141,393 | €135,355 | €148,148 | ▲ 9.5% |
| Amounts receivable within one year40/41 | €1,079 | - | €2,524 | €24,924 | €1,708 | ▼ 93.1% |
| Trade receivables40 | €1,041 | - | - | €24,891 | €854 | ▼ 96.6% |
| Other amounts receivable41 | €38 | - | €2,524 | €33 | €854 | ▲ 2,471% |
| Cash at bank and in hand54/58 | €76,318 | €90,773 | €138,817 | €110,431 | €145,297 | ▲ 31.6% |
| Deferred charges and accrued income490/1 | - | - | €52 | - | €1,143 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381,127 | €387,274 | €426,175 | €408,775 | €410,246 | ▲ 0.4% |
| Equity10/15 | €128,723 | €135,916 | €152,249 | €183,038 | €207,855 | ▲ 13.6% |
| Contributions10/11 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €34,919 | €42,112 | €75,994 | €106,784 | €131,600 | ▲ 23.2% |
| Non-distributable reserves130/1 | €1,050 | €1,050 | - | - | - | - |
| Reserves not available under the articles1311 | €1,050 | €1,050 | - | - | - | - |
| Distributable reserves133 | €33,868 | €41,062 | €75,994 | €106,784 | €131,600 | ▲ 23.2% |
| Profit (loss) carried forward14 | €75,204 | €75,204 | €76,254 | €76,254 | €76,254 | = |
| Amounts payable17/49 | €252,404 | €251,358 | €273,927 | €225,736 | €202,391 | ▼ 10.3% |
| Amounts payable after more than one year17 | €75,174 | €60,199 | €47,265 | €32,543 | €17,283 | ▼ 46.9% |
| Financial debts170/4 | €75,174 | €60,199 | €47,265 | €32,543 | €17,283 | ▼ 46.9% |
| Amounts payable within one year42/48 | €177,231 | €191,159 | €226,662 | €193,194 | €185,108 | ▼ 4.2% |
| Current portion of amounts payable after more than one year42 | €14,403 | €17,421 | €15,378 | €14,722 | €13,885 | ▼ 5.7% |
| Trade debts44 | €15,774 | €127 | €2,297 | €738 | €2,687 | ▲ 264% |
| Suppliers440/4 | €15,774 | €127 | €2,297 | €738 | €2,687 | ▲ 264% |
| Bills of exchange payable441 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €773 | €735 | - | €167 | - | - |
| Taxes450/3 | €773 | €735 | - | €167 | - | - |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €146,281 | €172,876 | €208,986 | €177,566 | €168,537 | ▼ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,873 | €12,648 | €34,933 | €30,790 | €24,816 | ▼ 19.4% |
| + Depreciation and write-downs630 | €13,347 | €11,585 | €11,717 | €11,363 | €11,322 | ▼ 0.4% |
| Operating cash flow (approximation) | €37,220 | €24,233 | €46,650 | €42,153 | €36,138 | ▼ 14.3% |
| Investment in fixed assets (approximation) | - | -€4,355 | €0 | €0 | €0 | - |
| Change in cash | - | €14,456 | €48,043 | -€28,386 | €34,866 | ▲ 223% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €207,855 ▲13.6%
8 profitable years in a row build equity to €207,855.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Highest result since 2018net €34,933 ▲176%
Operating result €54,548, net result €34,933, both a record.
31-12
Financial
Equity above €150,000Eq €152,249 ▲12%
6 profitable years in a row build equity to €152,249.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
31-12
Financial
Equity above €100,000Eq €104,849 ▲10.5%
3 profitable years in a row build equity to €104,849.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Weakest financial yearnet €4,468 ▼77.1%
Net result drops to €4,468, the lowest in the series; recovery starts the following year.
Show earlier events
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
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.
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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, Etterbeek · 1 establishment unit since 2012
Ground area
87 m²
Building footprint
76 m²
Volume, LiDAR
1,229 m³
Parcel 21005A0330/00C002, Brussels · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
XAVEFORCE
since 20122.213.641.156
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0330/00C002 | Brussels | 87 m² | 1 · 76 m² | 20.1 m · 6 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 6,649 companies in sector 90111 we hold annual accounts for 384. 246 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
Founded03-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
74120Graphic design and visual communication
90120Visual arts creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0847833250
Also
9925:BE0847833250
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.