Xcedo
ActiveSummary
Xcedo has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €198k and a net result of €26k. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-4
Solvency70▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.18 in 2023; short-term debt: 11.4% and cash: 9% of total assets), but 55.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
26 d early
2022
12 d early
2021
33 d early
2020
25 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€198k▲ 15.4%
2023 · €172k
2018: €44k
2019: €57k
2020: €77k
2021: €127k
2022: €152k
2023: €172k
2018 → 2024
Total assets
€441k▼ 2.3%
2023 · €452k
2018: €372k
2019: €401k
2020: €416k
2021: €472k
2022: €472k
2023: €452k
2018 → 2024
Net result
€26k▼ 33.5%
2023 · €40k
2018: €17k
2019: €13k
2020: €21k
2021: €38k
2022: €26k
2023: €40k
2018 → 2024
Working capital
€32k▲ 178%
2023 · €11k
2018: €-7k
2019: €-60k
2020: €9k
2021: €6k
2022: €22k
2023: €11k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€77k-€127k▲ 65.7%€152k▲ 20.1%€172k▲ 12.6%€198k▲ 15.4%
Operating result€38k-€59k▲ 52.3%€46k▼ 20.8%€64k▲ 38.2%€50k▼ 21.6%
Net result€21k-€38k▲ 77.9%€26k▼ 32.6%€40k▲ 55.3%€26k▼ 33.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €441k
Fixed assets
€359k ▼ 4.8%
Current assets
€82k ▲ 10.4%
Equity and liabilities €441k
Equity
€198k ▲ 15.4%
Debt
€243k ▼ 13.2%
Debt's share of the balance-sheet total falls from 62.0% to 55.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▼
2023 · €86k
Cash flow
€48k▼
2023 · €62k
Current ratio
1.63▲
2023 · 1.18
Debt to equity
1.23▼
2023 · 1.63
ROE
13.3%▼
2023 · 23.1%
ROA
6.0%▼
2023 · 8.8%
Interest coverage
7.54▼
2023 · 13.84
Debt ≤ 1 year
€50k▼
2023 · €63k
Debt > 1 year
€193k▼
2023 · €217k
Income taxes
€14k▼
2023 · €19k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€452k€441k▼
Fixed assets21/28€378k€359k▼
Tangible fixed assets22/27€378k€359k▼
Land and buildings22€363k€345k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€14k€12k▼
Other tangible fixed assets26€831€693▼
Financial fixed assets28€0-
Current assets29/58€74k€82k▲
Amounts receivable within one year40/41€26k€32k▲
Trade receivables40€26k€31k▲
Other amounts receivable41€58€833▲
Current investments50/53€1k€1k=
Cash at bank and in hand54/58€43k€40k▼
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€452k€441k▼
Equity10/15€172k€198k▲
Contributions10/11€19k€19k=
Reserves13€153k€180k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€153k€180k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€280k€243k▼
Amounts payable after more than one year17€217k€193k▼
Financial debts170/4€217k€193k▼
Amounts payable within one year42/48€63k€50k▼
Current portion of amounts payable after more than one year42€24k€25k▲
Financial debts43€0-
Other loans439€0-
Trade debts44€1k€9k▲
Suppliers440/4€1k€9k▲
Taxes, remuneration and social security45€19k€11k▼
Taxes450/3€17k€9k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€19k€5k▼
Accrued charges and deferred income492/3€64€267▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▼
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A€890€0▼
Gross operating margin9900€91k€77k▼
Operating profit (loss)9901€64k€50k▼
Financial income75/76B€349€6▼
Recurring financial income75€349€6▼
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€58k€41k▼
Income taxes67/77€19k€14k▼
Profit (loss) for the period9904€40k€26k▼
Profit (loss) for the period to be appropriated9905€40k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€26k▼
Transfer from equity791/2€20k€0▼
Transfer to equity691/2€40k€26k▼
To other reserves6921€40k€26k▼
Profit to be distributed694/7€20k€0▼
Return on contributions (dividend)694€20k€0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €40k ▲55.3%
Operating result €64k, net result €40k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €152k ▲20.1%
5 profitable years in a row build equity to €152k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €127k ▲65.7%
4 profitable years in a row build equity to €127k.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.18
Current ratio from 0.38 to 1.18; short-term debt falls from €97k to €48k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €13k ▼27.1%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro 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, Kuurne · 1 establishment unit since 2016
Ground area
53 m²
Parcel 34023C0025/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Xcedo
since 20162.252.031.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023C0025/00D000 | Flanders | 53 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 355 EUR awarded · 355 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 355 EUR | 355 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.