XdB Management
ActiveSummary
XdB Management has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €274k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-15
Solvency78▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.82 in 2024; short-term debt: 42.4% and cash: 0.2% of total assets), and 46.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
53.4%
Return on assets
5.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €274k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
57 d late
2022
58 d late
2021
75 d late
2020
67 d late
2019
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€274k▲ 11.2%
2024 · €246k
2018: €14klowest in 8 years
2019: €14k● 0.0% vs 2018lowest in 8 years
2020: €14k● 0.0% vs 2019lowest in 8 years
2021: €14k● 0.0% vs 2020lowest in 8 years
2022: €14k● 0.0% vs 2021lowest in 8 years
2023: €167k▲ +1071% vs 2022
2024: €246k▲ +47.5% vs 2023
2025: €274k▲ +11.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€513k▲ 8.3%
2024 · €474k
2018: €189klowest in 8 years
2019: €256k▲ +35.1% vs 2018
2020: €314k▲ +23.0% vs 2019
2021: €368k▲ +17.0% vs 2020
2022: €489k▲ +32.9% vs 2021
2023: €337k▼ -31.1% vs 2022
2024: €474k▲ +40.7% vs 2023
2025: €513k▲ +8.3% vs 2024highest in 8 years
2018 → 2025
Net result
€28k▼ 65.2%
2024 · €79k
2018: €21klowest in 8 years
2019: €105k▲ +395% vs 2018
2020: €134k▲ +27.2% vs 2019
2021: €139k▲ +3.6% vs 2020
2022: €136k▼ -2.1% vs 2021
2023: €153k▲ +12.1% vs 2022highest in 8 years
2024: €79k▼ -48.1% vs 2023
2025: €28k▼ -65.2% vs 2024
2018 → 2025
Working capital
€203k▲ 20.7%
2024 · €169k
2018: €-28k
2019: €-24k▲ +17.0% vs 2018
2020: €-39k▼ -65.4% vs 2019
2021: €-68k▼ -73.9% vs 2020
2022: €-86k▼ -26.1% vs 2021lowest in 8 years
2023: €79k▲ +192% vs 2022
2024: €169k▲ +114% vs 2023
2025: €203k▲ +20.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€14k=€167k▲ 1,071%€246k▲ 47.5%€274k▲ 11.2%
2021: €14klowest in 5 years
2022: €14k● 0.0% vs 2021lowest in 5 years
2023: €167k▲ +1071% vs 2022
2024: €246k▲ +47.5% vs 2023
2025: €274k▲ +11.2% vs 2024highest in 5 years
Operating result€175k-€172k▼ 1.6%€223k▲ 30.0%€108k▼ 51.7%€28k▼ 74.2%
2021: €175k
2022: €172k▼ -1.6% vs 2021
2023: €223k▲ +30.0% vs 2022highest in 5 years
2024: €108k▼ -51.7% vs 2023
2025: €28k▼ -74.2% vs 2024lowest in 5 years
Net result€139k-€136k▼ 2.1%€153k▲ 12.1%€79k▼ 48.1%€28k▼ 65.2%
2021: €139k
2022: €136k▼ -2.1% vs 2021
2023: €153k▲ +12.1% vs 2022highest in 5 years
2024: €79k▼ -48.1% vs 2023
2025: €28k▼ -65.2% vs 2024lowest in 5 years
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 74% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €513k
Fixed assets
€92k ▼ 7.4%
Current assets
€421k ▲ 12.4%
Equity and liabilities €513k
Equity
€274k ▲ 11.2%
Debt
€239k ▲ 5.1%
Debt's share of the balance-sheet total falls from 48.0% to 46.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▼
2024 · €135k
Cash flow
€61k▼
2024 · €107k
Current ratio
1.93▲
2024 · 1.82
Debt to equity
0.87▼
2024 · 0.92
ROE
10.1%▼
2024 · 32.2%
ROA
5.4%▼
2024 · 16.7%
Interest coverage
26.92▼
2024 · 73.67
Debt ≤ 1 year
€218k▲
2024 · €206k
Debt > 1 year
€21k▲
2024 · €21k
Income taxes
€18k▼
2024 · €40k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€474k€513k▲
Fixed assets21/28€99k€92k▼
Tangible fixed assets22/27€99k€92k▼
Plant, machinery and equipment23€1k€684▼
Furniture and vehicles24€44k€54k▲
Leasing and similar rights25€31k€20k▼
Other tangible fixed assets26€24k€17k▼
Current assets29/58€375k€421k▲
Amounts receivable within one year40/41€358k€411k▲
Trade receivables40€57k-
Other amounts receivable41€301k€411k▲
Cash at bank and in hand54/58€10k€852▼
Deferred charges and accrued income490/1€6k€10k▲
Equity and liabilities
Total equity and liabilities10/49€474k€513k▲
Equity10/15€246k€274k▲
Contributions10/11€12k€12k=
Reserves13€234k€261k▲
Distributable reserves133€234k€261k▲
Amounts payable17/49€228k€239k▲
Amounts payable after more than one year17€21k€21k▲
Financial debts170/4€21k€21k▲
Amounts payable within one year42/48€206k€218k▲
Current portion of amounts payable after more than one year42€11k€16k▲
Trade debts44€13k€5k▼
Suppliers440/4€13k€5k▼
Taxes, remuneration and social security45€87k€36k▼
Taxes450/3€87k€36k▼
Other amounts payable47/48€95k€160k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€34k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€136k€63k▼
Operating profit (loss)9901€108k€28k▼
Financial income75/76B€13k€20k▲
Recurring financial income75€13k€20k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€119k€45k▼
Income taxes67/77€40k€18k▼
Profit (loss) for the period9904€79k€28k▼
Profit (loss) for the period to be appropriated9905€79k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€79k€28k▼
Transfer to equity691/2€79k€28k▼
To other reserves6921€79k€28k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €28k | €37k | €27k | €34k | ▲ 22.8% |
| Other operating charges640/8 | €2k | €1k | €669 | €1k | €1k | ▲ 23.4% |
| Gross operating margin9900 | €189k | €201k | €261k | €136k | €63k | ▼ 53.8% |
| Operating profit (loss)9901 | €175k | €172k | €223k | €108k | €28k | ▼ 74.2% |
| Financial income75/76B | €15k | €18k | €11k | €13k | €20k | ▲ 50.3% |
| Recurring financial income75 | €15k | €18k | €11k | €13k | €20k | ▲ 50.3% |
| Financial charges65/66B | €1k | €1k | €2k | €2k | €2k | ▲ 24.6% |
| Recurring financial charges65 | €1k | €1k | €2k | €2k | €2k | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | €189k | €188k | €232k | €119k | €45k | ▼ 62.0% |
| Income taxes67/77 | €49k | €52k | €79k | €40k | €18k | ▼ 55.6% |
| Profit (loss) for the period9904 | €139k | €136k | €153k | €79k | €28k | ▼ 65.2% |
| Profit (loss) for the period to be appropriated9905 | €139k | €136k | €153k | €79k | €28k | ▼ 65.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €368k | €489k | €337k | €474k | €513k | ▲ 8.3% |
| Fixed assets21/28 | €95k | €149k | €121k | €99k | €92k | ▼ 7.4% |
| Tangible fixed assets22/27 | €95k | €149k | €121k | €99k | €92k | ▼ 7.4% |
| Plant, machinery and equipment23 | €611 | €381 | €1k | €1k | €684 | ▼ 35.9% |
| Furniture and vehicles24 | €66k | €60k | €47k | €44k | €54k | ▲ 24.3% |
| Leasing and similar rights25 | - | €54k | €42k | €31k | €20k | ▼ 36.5% |
| Other tangible fixed assets26 | €28k | €35k | €30k | €24k | €17k | ▼ 26.5% |
| Current assets29/58 | €273k | €339k | €216k | €375k | €421k | ▲ 12.4% |
| Amounts receivable within one year40/41 | €239k | €282k | €207k | €358k | €411k | ▲ 14.7% |
| Trade receivables40 | €25k | €32k | €61k | €57k | - | - |
| Other amounts receivable41 | €215k | €250k | €146k | €301k | €411k | ▲ 36.3% |
| Cash at bank and in hand54/58 | €20k | €48k | €2k | €10k | €852 | ▼ 91.8% |
| Deferred charges and accrued income490/1 | €13k | €10k | €7k | €6k | €10k | ▲ 54.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €368k | €489k | €337k | €474k | €513k | ▲ 8.3% |
| Equity10/15 | €14k | €14k | €167k | €246k | €274k | ▲ 11.2% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €155k | €234k | €261k | ▲ 11.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | €153k | €234k | €261k | ▲ 11.8% |
| Amounts payable17/49 | €354k | €474k | €170k | €228k | €239k | ▲ 5.1% |
| Amounts payable after more than one year17 | €13k | €49k | €32k | €21k | €21k | ▲ 0.1% |
| Financial debts170/4 | €13k | €49k | €32k | €21k | €21k | ▲ 0.1% |
| Amounts payable within one year42/48 | €341k | €425k | €137k | €206k | €218k | ▲ 5.6% |
| Current portion of amounts payable after more than one year42 | €6k | €17k | €17k | €11k | €16k | ▲ 48.5% |
| Trade debts44 | €9k | €4k | €15k | €13k | €5k | ▼ 58.8% |
| Suppliers440/4 | €9k | €4k | €15k | €13k | €5k | ▼ 58.8% |
| Taxes, remuneration and social security45 | €51k | €82k | €106k | €87k | €36k | ▼ 58.4% |
| Taxes450/3 | €51k | €82k | €106k | €87k | €36k | ▼ 58.4% |
| Other amounts payable47/48 | €275k | €322k | - | €95k | €160k | ▲ 68.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139k | €136k | €153k | €79k | €28k | ▼ 65.2% |
| + Depreciation and write-downs630 | €12k | €28k | €37k | €27k | €34k | ▲ 22.8% |
| Operating cash flow (approximation) | €151k | €164k | €190k | €107k | €61k | ▼ 42.5% |
| Investment in fixed assets (approximation) | - | €-82k | €-8k | €-6k | €-26k | ▼ 347% |
| Change in cash | - | €28k | €-46k | €8k | €-9k | ▼ 214% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €200kEq €246k ▲47.5%
7 profitable years in a row build equity to €246k.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
31-12
Financial
Highest result since 2018net €153k ▲12.1%
Operating result €223k, net result €153k, both a record.
31-12
Financial
Equity above €150kEq €167k ▲1,071%
6 profitable years in a row build equity to €167k.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tervuren · 1 establishment unit since 2008
Ground area
188 m²
Building footprint
260 m²
Volume, LiDAR
1,426 m³
Parcel 24023D0009/00L010, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
XdB Management
since 20082.170.843.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24023D0009/00L010 | Flanders | 188 m² | 1 · 260 m² | 9.1 m · 2 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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BE 0821.946.029
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,594 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
Founded07-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.