XD ELEC
ActiveXD ELEC has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €25k and a net result of €12k. Equity is growing by ~33.9% per year across the filed fiscal years. Its solvency ranks better than 30% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▲+5
Solvency53▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.09 in 2023; short-term debt: 68.6% and cash: 43.7% of total assets), and 71.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.2%
Return on assets
13.1%
Age of the figures
21 mo
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 02-07-2025, 29 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
33 d early
2022
31 d late
2021
23 d early
2020
17 d late
2019
87 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€25k▲ 96.0%
2023 · €13k
2018: €-945
2019: €284
2020: €4k
2021: €17k
2022: €26k
2023: €13k
2018 → 2024
Total assets
€89k▼ 7.0%
2023 · €96k
2018: €8k
2019: €13k
2020: €20k
2021: €38k
2022: €62k
2023: €96k
2018 → 2024
Net result
€12k▲ 34.0%
2023 · €9k
2018: €-7k
2019: €1k
2020: €4k
2021: €13k
2022: €9k
2023: €9k
2018 → 2024
Working capital
€17k▲ 134%
2023 · €7k
2018: €-945
2019: €-475
2020: €-355
2021: €10k
2022: €20k
2023: €7k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€4k-€17k▲ 347%€26k▲ 51.6%€13k▼ 50.3%€25k▲ 96.0%
Operating result€4k-€16k▲ 307%€10k▼ 39.2%€11k▲ 10.5%€14k▲ 32.9%
Net result€4k-€13k▲ 275%€9k▼ 33.5%€9k▼ 0.9%€12k▲ 34.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€11k▲ 21.2%
Current assets
€78k▼ 10.1%
Equity and liabilities €89k
Equity
€25k▲ 96.0%
Debt
€64k▼ 23.0%
The debt ratio falls from 86.6% to 71.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2023 · €13k
Cash flow
€17k▲
2023 · €11k
Solvency
28.2%▲
2023 · 13.4%
Current ratio
1.27▲
2023 · 1.09
Quick ratio
1.23▲
2023 · 0.84
Debt / equity
2.54▼
2023 · 6.47
ROE
46.4%▼
2023 · 67.9%
ROA
13.1%▲
2023 · 9.1%
Interest coverage
12.90▲
2023 · 6.04
Debt
€64k▼
2023 · €83k
Debt ≤ 1 year
€61k▼
2023 · €79k
Debt > 1 year
€3k▼
2023 · €4k
Income taxes
€1k
Staff costs
€44k▲
2023 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€96k€89k▼
Fixed assets21/28€9k€11k▲
Tangible fixed assets22/27€9k€11k▲
Plant, machinery and equipment23€1k€666▼
Furniture and vehicles24€8k€10k▲
Financial fixed assets28€175€175=
Current assets29/58€86k€78k▼
Stocks and contracts in progress3€20k€3k▼
Stocks30/36€20k€3k▼
Amounts receivable within one year40/41€55k€30k▼
Trade receivables40€42k€21k▼
Other amounts receivable41€13k€9k▼
Cash at bank and in hand54/58€8k€39k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€96k€89k▼
Equity10/15€13k€25k▲
Contributions10/11€6k€19k▲
Profit (loss) carried forward14€7k€6k▼
Amounts payable17/49€83k€64k▼
Amounts payable after more than one year17€4k€3k▼
Financial debts170/4€4k€3k▼
Amounts payable within one year42/48€79k€61k▼
Current portion of amounts payable after more than one year42€2k€6k▲
Trade debts44€41k€27k▼
Suppliers440/4€41k€27k▼
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€23k€17k▼
Income statement
Code20232024
Remuneration, social security and pensions62€42k€44k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€583€298▼
Gross operating margin9900€56k€64k▲
Operating profit (loss)9901€11k€14k▲
Financial income75/76B€10€1▼
Recurring financial income75€10€1▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€9k€13k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€18k▼
Profit (loss) brought forward from the previous period14P€20k€7k▼
Profit to be distributed694/7€22k€12k▼
Return on contributions (dividend)694€22k€12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 10 août 2026
- Registered-office move, Sentier de Messe 15, 4470 Saint-Georges-sur-Meuse
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €13k ▲275%
Operating result €16k, net result €13k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Saint-Georges-sur-Meuse · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sentier de Messe 154470 Saint-Georges-sur-MeuseGround area
1,379 m²
Building footprint
164 m²
Volume, LiDAR
264 m³
2 parcels, Wallonia · tallest building 4.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
XD Elec
since 20182.270.575.505
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065A0912/00H000 | Wallonia | 760 m² | 1 · 76 m² | 4.7 m · 1 fl. |
| 61074A0030/00K000 | Wallonia | 619 m² | 1 · 87 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
AB Group
BE 0534.837.214
Heusden-Zolder · Eq €25k
BEGO TECHNICS
BE 1024.706.515
Puurs-Sint-Amands · Eq €25k
Elektriciteit Dewachter
BE 0753.500.057
Mechelen · Eq €25k
ALF ELEKTRICITEITSWERKEN
BE 0764.318.329
Beringen · Eq €25k
Verschraegen Jolan
BE 1023.648.027
Lochristi · Eq €25k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 7,681 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded29-11-2017
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
01610Support activities for crop production
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.