XCEED
InactiveFinancials · financial year 2026, micro format
Equity
€105,933▼ 46.0%
2025 · €196,289
Total assets
€190,566▼ 9.7%
2025 · €211,036
Net result
-€5,723
2025 · €27,888
Working capital
€105,933▼ 28.5%
2025 · €148,067
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 9 financial years
The operating result stays negative: a loss of €5,703 in 2026 against €566 in 2025; the loss grows and 2026 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,703
2026
Net result-€5,723
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€190,566
2026
Equity€105,933
2026
Debt€84,632
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€105,933
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result-€14,952-€20,115€8,263▼ 58.9%€31,267▲ 278%€11,957▼ 61.8%€15,314▲ 28.1%€9,661▼ 36.9%-€566-€5,703▼ 907%
Net result-€22,768-€15,571€4,220▼ 72.9%€23,400▲ 455%€7,642▼ 67.3%€10,171▲ 33.1%€7,128▼ 29.9%€27,888▲ 291%-€5,723
Equity€115,270-€130,841▲ 13.5%€135,061▲ 3.2%€158,461▲ 17.3%€151,102▼ 4.6%€161,273▲ 6.7%€168,401▲ 4.4%€196,289▲ 16.6%€105,933▼ 46.0%
Total assets€162,865-€159,898▼ 1.8%€160,032▲ 0.1%€172,721▲ 7.9%€178,299▲ 3.2%€180,108▲ 1.0%€200,306▲ 11.2%€211,036▲ 5.4%€190,566▼ 9.7%
Debt€47,595-€29,056▼ 39.0%€24,970▼ 14.1%€14,260▼ 42.9%€27,196▲ 90.7%€18,835▼ 30.7%€31,906▲ 69.4%€14,747▼ 53.8%€84,632▲ 474%
Working capital€100,077-€121,000▲ 20.9%€128,189▲ 5.9%€149,833▲ 16.9%€142,160▼ 5.1%€148,952▲ 4.8%€114,217▼ 23.3%€148,067▲ 29.6%€105,933▼ 28.5%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €190,566
Equity
€105,933 ▼ 46.0%
Debt
€84,632 ▲ 474%
Debt's share of the balance-sheet total rises from 7.0% to 44.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,703▼
2025 · €16,863
Cash flow
-€5,723▼
2025 · €45,317
Current ratio
2.25▼
2025 · 11.04
Debt to equity
0.80▲
2025 · 0.08
ROE
-5.4%▼
2025 · 14.2%
ROA
-3.0%▼
2025 · 13.2%
Interest coverage
-61.69▼
2025 · 5.56
Debt ≤ 1 year
€84,632▲
2025 · €14,747
Income taxes
€0▼
2025 · €11,040
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €15,000 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,360 | €13,505 | €12,645 | €2,561 | €3,177 | €2,990 | €23,470 | €17,429 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | - | €1,250 | €1,563 | €561 | €583 | €125 | ▼ 78.6% |
| Gross operating margin9900 | €4,530 | €35,071 | €22,168 | €35,003 | €16,384 | €19,866 | €33,692 | €17,446 | -€5,578 | - |
| Operating profit (loss)9901 | -€14,952 | €20,115 | €8,263 | €31,267 | €11,957 | €15,314 | €9,661 | -€566 | -€5,703 | ▼ 907% |
| Financial income75/76B | - | - | - | - | - | €0 | €17 | €42,528 | €73 | ▼ 99.8% |
| Recurring financial income75 | €1,737 | €3 | €2 | €0 | - | €0 | €17 | €42,528 | €73 | ▼ 99.8% |
| Financial charges65/66B | - | - | - | - | €153 | €138 | €814 | €3,033 | €92 | ▼ 97.0% |
| Recurring financial charges65 | €7,703 | -€1,704 | €435 | €151 | €153 | €138 | €814 | €3,033 | €92 | ▼ 97.0% |
| Profit (loss) for the period before taxes9903 | -€20,919 | €21,822 | €7,830 | €31,116 | €11,804 | €15,176 | €8,864 | €38,929 | -€5,723 | - |
| Income taxes67/77 | €1,849 | €6,251 | €3,610 | €7,717 | €4,163 | €5,006 | €1,737 | €11,040 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | -€22,768 | €15,571 | €4,220 | €23,400 | €7,642 | €10,171 | €7,128 | €27,888 | -€5,723 | - |
| Profit (loss) for the period to be appropriated9905 | -€22,768 | €15,571 | €4,220 | €23,400 | €7,642 | €10,171 | €7,128 | €27,888 | -€5,723 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €162,865 | €159,898 | €160,032 | €172,721 | €178,299 | €180,108 | €200,306 | €211,036 | €190,566 | ▼ 9.7% |
| Fixed assets21/28 | €27,888 | €14,003 | €7,107 | €8,628 | €8,942 | €12,321 | €65,651 | €48,222 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €27,888 | €14,003 | €7,107 | €8,628 | €8,942 | €12,321 | €65,651 | €48,222 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €4,305 | €3,276 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | - | €2,807 | €1,143 | €33,006 | €21,976 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | €6,135 | €11,177 | €28,340 | €22,970 | €0 | ▼ 100% |
| Current assets29/58 | €134,977 | €145,895 | €152,925 | €164,093 | €169,357 | €167,788 | €134,655 | €162,814 | €190,566 | ▲ 17.0% |
| Amounts receivable within one year40/41 | €18,526 | €25,932 | €16,193 | €14,348 | €14,418 | €12,348 | €17,188 | €16,729 | €64,675 | ▲ 287% |
| Trade receivables40 | - | - | - | - | €10,290 | €12,348 | €12,211 | €12,198 | €60,658 | ▲ 397% |
| Other amounts receivable41 | - | - | - | - | €4,127 | €0 | €4,977 | €4,531 | €4,017 | ▼ 11.3% |
| Current investments50/53 | €102,730 | €78,658 | €78,658 | €78,658 | €78,658 | €78,658 | €78,658 | €0 | - | - |
| Cash at bank and in hand54/58 | €12,024 | €40,066 | €57,200 | €70,213 | €75,407 | €75,606 | €37,633 | €145,456 | €125,890 | ▼ 13.5% |
| Deferred charges and accrued income490/1 | - | - | - | - | €875 | €1,176 | €1,176 | €630 | €0 | ▼ 100% |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €162,865 | €159,898 | €160,032 | €172,721 | €178,299 | €180,108 | €200,306 | €211,036 | €190,566 | ▼ 9.7% |
| Equity10/15 | €115,270 | €130,841 | €135,061 | €158,461 | €151,102 | €161,273 | €168,401 | €196,289 | €105,933 | ▼ 46.0% |
| Contributions10/11 | €105,933 | €105,933 | - | - | €105,933 | €105,933 | €105,933 | €105,933 | €105,933 | = |
| Reserves13 | €27,059 | €42,559 | €42,559 | €52,527 | €45,169 | €55,340 | €62,467 | €90,356 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | - | €4,055 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €4,055 | €0 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €41,114 | €55,340 | €62,467 | €90,356 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€17,722 | -€17,651 | -€13,431 | €0 | €0 | €0 | - | - | €0 | - |
| Amounts payable17/49 | €47,595 | €29,056 | €24,970 | €14,260 | €27,196 | €18,835 | €31,906 | €14,747 | €84,632 | ▲ 474% |
| Amounts payable after more than one year17 | €12,145 | €3,822 | €0 | - | - | - | €11,468 | €0 | - | - |
| Financial debts170/4 | - | - | - | - | - | - | €11,468 | €0 | - | - |
| Amounts payable within one year42/48 | €34,900 | €24,895 | €24,736 | €14,260 | €27,196 | €18,835 | €20,438 | €14,747 | €84,632 | ▲ 474% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €8,223 | €0 | - | - |
| Trade debts44 | €8,200 | €6,233 | €8,259 | €7,852 | €9,024 | €6,922 | €6,422 | €7,000 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | - | €9,024 | €6,922 | €6,422 | €7,000 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | - | €7,242 | €6,765 | €5,793 | €7,747 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | - | €7,242 | €6,765 | €5,793 | €7,747 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €10,931 | €5,149 | €0 | - | €84,632 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,768 | €15,571 | €4,220 | €23,400 | €7,642 | €10,171 | €7,128 | €27,888 | -€5,723 | - |
| + Depreciation and write-downs630 | €18,360 | €13,505 | €12,645 | €2,561 | €3,177 | €2,990 | €23,470 | €17,429 | €0 | ▼ 100% |
| Operating cash flow (approximation) | -€4,408 | €29,076 | €16,865 | €25,961 | €10,819 | €13,160 | €30,598 | €45,317 | -€5,723 | - |
| Investment in fixed assets (approximation) | - | €381 | -€5,750 | -€4,083 | -€3,491 | -€6,369 | -€76,801 | €0 | €48,222 | - |
| Change in cash | - | €28,041 | €17,134 | €13,014 | €5,193 | €199 | -€37,972 | €107,823 | -€19,566 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 24-04-2026 | micro format | 20-05-2026 | 2026-00115444 |
| 31-12-2025 | micro format | 23-03-2026 | 2026-00059253 |
| 31-12-2024 | micro format | 04-06-2025 | 2025-00124334 |
| 31-12-2023 | micro format | 27-05-2024 | 2024-00099862 |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00099333 |
| 31-12-2021 | micro format | 31-03-2022 | 2022-09800284 |
| 31-12-2020 | micro format | 26-05-2021 | 2021-15700475 |
| 31-12-2019 | micro format | 11-06-2020 | 2020-16900593 |
| 31-12-2018 | micro format | 08-07-2019 | 2019-31200152 |
| 31-12-2017 | micro format | 27-07-2018 | 2018-42700034 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.