Equity
€199,179 ▲ 0.5%
Xcedo paid out €85,000 in dividends. That is 99% of the 2025 profit.
Xcedo
Lifetime
9 annual accounts with figures on one time axispeak €136,267 (2025)
€136,267▲ 77.3%
peak €86,066 (2025)
€86,066▲ 226%
peak €199,179 (2025)
€199,179▲ 0.5%
€124,389▼ 48.9%
Board2 names since 2016
1 directorRingo VANDENBERGHE
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €76,852 to €136,267Result from €26,417 to €86,066Registered office moved from Kuurne Ruitersweg to Kuurne Meik… 14-07Dividend €85,000Debts from €243,217 to €124,389Cash from €39,687 to €232,143
Key points
from the 2025 annual accountsResult
€86,066 ▲ 226%
The result rose in 2025: mostly from a one-off income of €71,488.
Turnover
≈ €200,000 estimated
The micro format states no turnover.
Investments
€23,613 7.3 × depreciation
Green is investment, beige is depreciation.
Filings
9 annual accounts since 2017
The last five annual accounts were filed 12 to 37 days before the end of the period.
Position in the sector
€86,066
Higher net result than 90% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
Checked score
95
Excellent
Financially stronger than 61% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026highest value
06-2026: 0.3%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.3 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%▲ +0.1 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 2.34, cash €232,143
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €323,568
Calculation
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 62, micro). It does better than 54% of them on solvency, 66% on liquidity, 82% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as Xcedo has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Xcedo itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for Xcedo. 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.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.34 (1.63 in 2024), above the usual 1.5. Short-term debt is 38.4% and cash 71.7% of total assets. 38.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
37 days early
2024
13 days early
2023
26 days early
2022
12 days early
2021
33 days early
2020
25 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0650763991
Registered office moved from Kuurne Ruitersweg to Kuurne Meikever
New registered office: 8520 Kuurne Meikever 21 · Previous registered office: 8520 Kuurne Ruitersweg 13 · Board meeting of 05-04-2025 · Gazette deed
Appointments: Ringo VANDENBERGHE (statutory director) and Valerie VANDENHEEDE (director)
Gazette deed
Incorporation
published on 29-03-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Xcedo Kuurne | €323,568 | €136,267 | 61.6% | - |
| NEWREAL Koekelberg | €276,530 | €125,438 | 80.8% | - |
| SIRIUS SYSTEMS Wingene | €428,248 | €150,920 | 58.9% | - |
| GENUINE IT TO BUSINESS Koksijde | €291,523 | €99,394 | 93.4% | - |
| REDeyes Braine-l'Alleud | €270,762 | €112,217 | 10.0% | - |
| ARNANICE Wavre | €241,798 | €145,403 | 91.1% | - |
| LAZLO Péruwelz | €361,732 | €130,653 | 79.8% | - |
These companies have the same main activity as Xcedo: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €242,000 and €428,000, founded between 2013 and 2018.
Official details
Source: KBO- Status
- Active since 24-03-2016Normal situation
- Activity
- Other information technology and computer servicesNACE 62900
- Establishment unit
- 2.252.031.9748520 Kuurne, since 24-03-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 03-10-2026
Annual accounts 2025
- €323,568▼ 26.7%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on Xcedo
Xcedo files the micro format. That format states no turnover. The gross margin rose from €115,414 in 2017 to €136,267 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Xcedo
- What is the company number of Xcedo?
- The company number of Xcedo is 0650.763.991. The VAT number is the same number with BE in front: BE 0650.763.991.
- Where is Xcedo based?
- The registered office is at Meikever 21, 8520 Kuurne.Company details
- What does Xcedo do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of Xcedo?
- Xcedo is a private limited company (BV).
- When was Xcedo founded?
- Xcedo was founded on 24-03-2016.
- Is Xcedo still active?
- Yes, Xcedo is an active enterprise in the KBO register.
- What is the turnover of Xcedo?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €136,267 and 77 comparable companies (NACE 62). It probably lies between €180,000 and €260,000.Financials
- Is Xcedo profitable?
- In financial year 2025, Xcedo made a profit of €86,066.
- Where can I find the annual accounts of Xcedo?
- Xcedo filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Xcedo due?
- Xcedo must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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