Summary
XDR GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €23k and a net result of €2k. Equity is growing by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 9863 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9863 sector peers (2024).
NBB · sector comparisonPosition among 9863 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
9 d early
2022
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€23k▲ 11.1%
2023 · €21k
2022: €1klowest in 3 years
2023: €21k▲ +1567% vs 2022
2024: €23k▲ +11.1% vs 2023highest in 3 years
2022 → 2024
Net result
€2k▼ 88.1%
2023 · €20k
2022: €256lowest in 3 years
2023: €20k▲ +7597% vs 2022highest in 3 years
2024: €2k▼ -88.1% vs 2023
2022 → 2024
Total assets
€150k▲ 57.0%
2023 · €95k
2022: €102k
2023: €95k▼ -6.7% vs 2022lowest in 3 years
2024: €150k▲ +57.0% vs 2023highest in 3 years
2022 → 2024
Solvency
15.5%▼ 6.4pp
2023 · 21.9%
2022: 1.2%lowest in 3 years
2023: 21.9%▲ +1687% vs 2022highest in 3 years
2024: 15.5%▼ -29.2% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€1k-€21k▲ 1,567%€23k▲ 11.1%
2022: €1klowest in 3 years
2023: €21k▲ +1567% vs 2022
2024: €23k▲ +11.1% vs 2023highest in 3 years
Operating result€3k-€22k▲ 667%€8k▼ 60.9%
2022: €3klowest in 3 years
2023: €22k▲ +667% vs 2022highest in 3 years
2024: €8k▼ -60.9% vs 2023
Net result€256-€20k▲ 7,597%€2k▼ 88.1%
2022: €256lowest in 3 years
2023: €20k▲ +7597% vs 2022highest in 3 years
2024: €2k▼ -88.1% vs 2023
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 61% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €150k
Fixed assets
€39k ▼ 24.1%
Current assets
€111k ▲ 152%
Equity and liabilities €150k
Equity
€23k ▲ 11.1%
Debt
€126k ▲ 69.8%
Debt's share of the balance-sheet total rises from 78.1% to 84.5%. Equity and debt are higher.
Key figures and ratios
ROE
10.0%▼
2023 · 94.0%
ROA
1.6%▼
2023 · 20.6%
Debt ≤ 1 year
€88k▲
2023 · €47k
Debt > 1 year
€38k▲
2023 · €28k
Income taxes
€5k▼
2023 · €10k
Staff costs
€45k▲
2023 · €15k
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 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€95k€150k▲
Fixed assets21/28€52k€39k▼
Tangible fixed assets22/27€52k€39k▼
Plant, machinery and equipment23€6k€9k▲
Furniture and vehicles24€3k€30k▲
Leasing and similar rights25€43k€0▼
Current assets29/58€44k€111k▲
Amounts receivable after more than one year29-€70k
Other amounts receivable291-€70k
Amounts receivable within one year40/41€35k€35k▼
Trade receivables40€20k€29k▲
Other amounts receivable41€15k€6k▼
Cash at bank and in hand54/58€5k€3k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€95k€150k▲
Equity10/15€21k€23k▲
Contributions10/11€1k€1k=
Reserves13€20k€22k▲
Distributable reserves133€20k€22k▲
Amounts payable17/49€74k€126k▲
Amounts payable after more than one year17€28k€38k▲
Financial debts170/4€28k€38k▲
Amounts payable within one year42/48€47k€88k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€12k€9k▼
Suppliers440/4€12k€9k▼
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€17k€14k▼
Remuneration and social security454/9€4k€9k▲
Other amounts payable47/48-€41k
Accrued charges and deferred income492/3€0€663▲
Income statement
Code20232024
Remuneration, social security and pensions62€15k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€4k▼
Other operating charges640/8€3k€8k▲
Non-recurring operating charges66A-€26k
Gross operating margin9900€52k€92k▲
Operating profit (loss)9901€22k€8k▼
Financial income75/76B€12k€2k▼
Recurring financial income75€331€2k▲
Non-recurring financial income76B€11k€0▼
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€30k€7k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€20k€2k▼
Profit (loss) for the period to be appropriated9905€20k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€2k▼
Transfer to equity691/2€20k€2k▼
To other reserves6921€20k€2k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15k | €45k | ▲ 190% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €12k | €4k | ▼ 64.6% |
| Other operating charges640/8 | €1k | €3k | €8k | ▲ 134% |
| Non-recurring operating charges66A | - | - | €26k | - |
| Gross operating margin9900 | €15k | €52k | €92k | ▲ 75.0% |
| Operating profit (loss)9901 | €3k | €22k | €8k | ▼ 60.9% |
| Financial income75/76B | €137 | €12k | €2k | ▼ 82.2% |
| Recurring financial income75 | €137 | €331 | €2k | ▲ 535% |
| Non-recurring financial income76B | - | €11k | €0 | ▼ 100% |
| Financial charges65/66B | €969 | €4k | €3k | ▼ 14.9% |
| Recurring financial charges65 | €969 | €4k | €3k | ▼ 14.9% |
| Profit (loss) for the period before taxes9903 | €2k | €30k | €7k | ▼ 75.0% |
| Income taxes67/77 | €2k | €10k | €5k | ▼ 49.3% |
| Profit (loss) for the period9904 | €256 | €20k | €2k | ▼ 88.1% |
| Profit (loss) for the period to be appropriated9905 | €256 | €20k | €2k | ▼ 88.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €102k | €95k | €150k | ▲ 57.0% |
| Fixed assets21/28 | €66k | €52k | €39k | ▼ 24.1% |
| Tangible fixed assets22/27 | €66k | €52k | €39k | ▼ 24.1% |
| Plant, machinery and equipment23 | - | €6k | €9k | ▲ 58.7% |
| Furniture and vehicles24 | €810 | €3k | €30k | ▲ 894% |
| Leasing and similar rights25 | €65k | €43k | €0 | ▼ 100% |
| Current assets29/58 | €36k | €44k | €111k | ▲ 152% |
| Amounts receivable after more than one year29 | - | - | €70k | - |
| Other amounts receivable291 | - | - | €70k | - |
| Amounts receivable within one year40/41 | €15k | €35k | €35k | ▼ 0.7% |
| Trade receivables40 | €10k | €20k | €29k | ▲ 42.2% |
| Other amounts receivable41 | €5k | €15k | €6k | ▼ 60.3% |
| Cash at bank and in hand54/58 | €21k | €5k | €3k | ▼ 40.9% |
| Deferred charges and accrued income490/1 | €188 | €4k | €3k | ▼ 23.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €102k | €95k | €150k | ▲ 57.0% |
| Equity10/15 | €1k | €21k | €23k | ▲ 11.1% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | €256 | €20k | €22k | ▲ 11.7% |
| Distributable reserves133 | €256 | €20k | €22k | ▲ 11.7% |
| Amounts payable17/49 | €101k | €74k | €126k | ▲ 69.8% |
| Amounts payable after more than one year17 | €51k | €28k | €38k | ▲ 37.0% |
| Financial debts170/4 | €51k | €28k | €38k | ▲ 37.0% |
| Amounts payable within one year42/48 | €25k | €47k | €88k | ▲ 88.0% |
| Current portion of amounts payable after more than one year42 | €12k | €13k | €14k | ▲ 7.9% |
| Trade debts44 | €8k | €12k | €9k | ▼ 26.8% |
| Suppliers440/4 | €8k | €12k | €9k | ▼ 26.8% |
| Taxes, remuneration and social security45 | €5k | €22k | €24k | ▲ 10.0% |
| Taxes450/3 | €5k | €17k | €14k | ▼ 17.5% |
| Remuneration and social security454/9 | - | €4k | €9k | ▲ 128% |
| Other amounts payable47/48 | - | - | €41k | - |
| Accrued charges and deferred income492/3 | €25k | €0 | €663 | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €256 | €20k | €2k | ▼ 88.1% |
| + Depreciation and write-downs630 | €11k | €12k | €4k | ▼ 64.6% |
| Operating cash flow (approximation) | €11k | €31k | €7k | ▼ 79.3% |
| Investment in fixed assets (approximation) | - | €3k | €8k | ▲ 188% |
| Change in cash | - | €-16k | €-2k | ▲ 86.6% |
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
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €20k ▲7,597%
Operating result €22k, net result €20k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 2021
Ground area
816 m²
Building footprint
121 m²
Parcel 37322D1620/00N000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
XDR GROUP
since 20212.321.764.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322D1620/00N000 | Flanders | 816 m² | 1 · 121 m² | 0.1 m |
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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Target
BE 0788.749.857
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 7,945 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
Founded07-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
64210Activities of holding companies
43320Joinery installation
43410Roofing work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.