XEDEV
ActiveSummary
XEDEV has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €921,634 and a net result of €210,653. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+28
Solvency59=
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.04 in 2024; short-term debt: 15.7% and cash: 14.5% of total assets), but 66.1% of the assets are financed with debt.
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Signals
Four 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.9%
Return on assets
7.7%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
2 d early
2023
92 d early
2022
89 d early
2021
88 d early
2020
70 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 70 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 company by total assets in Zele, Telecoms and IT sector#6 company by equity in Zele, Telecoms and IT sector
Equity
€921,634▲ 21.1%
2024 · €760,831
Total assets
€2.7m▲ 22.1%
2024 · €2.2m
Net result
€210,653
2024 · -€334,162
Working capital
€593,777▲ 82.8%
2024 · €324,768
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€63,438▼ 86.0%€252,289▲ 298%€329,208▲ 30.5%-€305,715€240,673
Net result€42,260▼ 89.8%€205,997▲ 387%€241,135▲ 17.1%-€334,162€210,653
Equity€1.2m▼ 7.7%€1.1m▼ 11.3%€1.1m▼ 1.0%€760,831▼ 30.5%€921,634▲ 21.1%
Total assets€3.6m▲ 45.6%€3.7m▲ 2.7%€3.4m▼ 8.9%€2.2m▼ 34.6%€2.7m▲ 22.1%
Debt€2.4m▲ 108%€2.6m▲ 9.9%€2.3m▼ 12.3%€1.5m▼ 36.5%€1.8m▲ 22.7%
Working capital€793,331€617,466▼ 22.2%€622,357▲ 0.8%€324,768▼ 47.8%€593,777▲ 82.8%
Staff (FTE)9.9▲ 30.3%13.8▲ 39.4%16.3▲ 18.1%15.2▼ 6.7%14.5▼ 4.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €240,673 after a loss of €305,715 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.7m
Fixed assets
€1.7m ▲ 6.9%
Current assets
€1.0m ▲ 60.1%
Equity and liabilities €2.7m
Equity
€921,634 ▲ 21.1%
Debt
€1.8m ▲ 22.7%
Debt's share of the balance-sheet total rises from 65.8% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€726,011▲
2024 · €212,291
Cash flow
€695,990▲
2024 · €183,844
Current ratio
2.39▲
2024 · 2.04
Quick ratio
2.10▲
2024 · 1.73
Debt to equity
1.95▲
2024 · 1.93
ROE
22.9%▲
2024 · -43.9%
ROA
7.7%▲
2024 · -15.0%
Interest coverage
46.39▲
2024 · 7.29
Debt ≤ 1 year
€426,715▲
2024 · €312,555
Debt > 1 year
€1.3m▲
2024 · €1.1m
Income taxes
€14,381▲
2024 · €950
Staff costs
€1.1m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,081 | - | - | €7,192 | - | - |
| Remuneration, social security and pensions62 | €714,774 | €967,011 | €1.2m | €1.1m | €1.1m | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €382,610 | €438,438 | €505,801 | €518,005 | €485,338 | ▼ 6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8,697 | - | - | - |
| Other operating charges640/8 | €20,658 | €11,094 | €13,514 | €13,570 | €13,181 | ▼ 2.9% |
| Gross operating margin9900 | €1.2m | €1.7m | €2.0m | €1.3m | €1.8m | ▲ 35.2% |
| Operating profit (loss)9901 | €63,438 | €252,289 | €329,208 | -€305,715 | €240,673 | ▲ 179% |
| Financial income75/76B | €1,033 | €90 | €34 | €1,635 | €11 | ▼ 99.3% |
| Recurring financial income75 | €1,033 | €90 | €34 | €1,635 | €11 | ▼ 99.3% |
| Financial charges65/66B | €10,456 | €21,404 | €43,054 | €29,131 | €15,650 | ▼ 46.3% |
| Recurring financial charges65 | €10,456 | €21,404 | €43,054 | €29,131 | €15,650 | ▼ 46.3% |
| Profit (loss) for the period before taxes9903 | €54,015 | €230,974 | €286,188 | -€333,211 | €225,034 | ▲ 168% |
| Income taxes67/77 | €11,755 | €24,978 | €45,054 | €950 | €14,381 | ▲ 1,413% |
| Profit (loss) for the period9904 | €42,260 | €205,997 | €241,135 | -€334,162 | €210,653 | ▲ 163% |
| Profit (loss) for the period to be appropriated9905 | €42,260 | €205,997 | €241,135 | -€334,162 | €210,653 | ▲ 163% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.7m | €3.4m | €2.2m | €2.7m | ▲ 22.1% |
| Fixed assets21/28 | €2.4m | €2.4m | €2.1m | €1.6m | €1.7m | ▲ 6.9% |
| Intangible fixed assets21 | €41,765 | €33,059 | €24,353 | €15,647 | €6,941 | ▼ 55.6% |
| Tangible fixed assets22/27 | €2.3m | €2.4m | €2.0m | €1.6m | €1.7m | ▲ 7.5% |
| Plant, machinery and equipment23 | €2.2m | €2.3m | €2.0m | €1.5m | €1.7m | ▲ 9.4% |
| Furniture and vehicles24 | €125,162 | €100,195 | €66,742 | €34,129 | €8,051 | ▼ 76.4% |
| Other tangible fixed assets26 | €2,461 | €2,185 | €1,909 | €1,633 | €1,357 | ▼ 16.9% |
| Current assets29/58 | €1.3m | €1.3m | €1.3m | €637,323 | €1.0m | ▲ 60.1% |
| Stocks and contracts in progress3 | €58,558 | €69,537 | €72,655 | €97,024 | €122,393 | ▲ 26.1% |
| Stocks30/36 | €58,558 | €69,537 | €72,655 | €97,024 | €122,393 | ▲ 26.1% |
| Amounts receivable within one year40/41 | €589,757 | €530,086 | €747,119 | €394,432 | €502,486 | ▲ 27.4% |
| Trade receivables40 | €574,845 | €518,107 | €519,550 | €366,539 | €497,867 | ▲ 35.8% |
| Other amounts receivable41 | €14,912 | €11,979 | €227,570 | €27,893 | €4,619 | ▼ 83.4% |
| Cash at bank and in hand54/58 | €610,788 | €722,167 | €513,162 | €145,867 | €395,614 | ▲ 171% |
| Deferred charges and accrued income490/1 | €6,667 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.7m | €3.4m | €2.2m | €2.7m | ▲ 22.1% |
| Equity10/15 | €1.2m | €1.1m | €1.1m | €760,831 | €921,634 | ▲ 21.1% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1.1m | €911,855 | €896,855 | €896,855 | €896,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | €1.1m | €910,000 | €896,855 | €896,855 | €896,855 | = |
| Profit (loss) carried forward14 | €165,743 | €175,126 | €179,588 | -€154,574 | €6,229 | ▲ 104% |
| Amounts payable17/49 | €2.4m | €2.6m | €2.3m | €1.5m | €1.8m | ▲ 22.7% |
| Amounts payable after more than one year17 | €1.9m | €1.9m | €1.6m | €1.1m | €1.3m | ▲ 21.1% |
| Financial debts170/4 | €1.9m | €1.9m | €1.6m | €1.1m | €1.3m | ▲ 21.1% |
| Amounts payable within one year42/48 | €472,438 | €704,324 | €710,579 | €312,555 | €426,715 | ▲ 36.5% |
| Current portion of amounts payable after more than one year42 | €81,437 | €117,114 | €118,968 | €120,936 | €122,917 | ▲ 1.6% |
| Trade debts44 | €97,601 | €116,674 | €112,602 | €74,229 | €132,642 | ▲ 78.7% |
| Suppliers440/4 | €97,601 | €116,674 | €112,602 | €74,229 | €132,642 | ▲ 78.7% |
| Taxes, remuneration and social security45 | €146,613 | €132,852 | €227,336 | €117,390 | €121,306 | ▲ 3.3% |
| Taxes450/3 | €45,877 | €23,889 | €91,267 | - | €9,509 | - |
| Remuneration and social security454/9 | €100,736 | €108,963 | €136,068 | €117,390 | €111,797 | ▼ 4.8% |
| Other amounts payable47/48 | €146,786 | €337,684 | €251,674 | - | €49,850 | - |
| Accrued charges and deferred income492/3 | €658 | €10,000 | - | €75,370 | €66,175 | ▼ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,260 | €205,997 | €241,135 | -€334,162 | €210,653 | ▲ 163% |
| + Depreciation and write-downs630 | €382,610 | €438,438 | €505,801 | €518,005 | €485,338 | ▼ 6.3% |
| Operating cash flow (approximation) | €424,870 | €644,434 | €746,935 | €183,844 | €695,990 | ▲ 279% |
| Investment in fixed assets (approximation) | - | -€479,870 | -€161,403 | -€35,867 | -€595,019 | ▼ 1,559% |
| Change in cash | - | €111,380 | -€209,005 | -€367,295 | €249,747 | ▲ 168% |
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
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €210,653
Net result €210,653 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€334,162
Net result drops to -€334,162, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 5current ratio 2.68
Current ratio from 0.58 to 2.68; short-term debt falls from €1.1m to €472,438.
22-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €412,386 ▲153%
Operating result €452,063, net result €412,386, both a record.
31-12
Financial
Equity above €1mEq €1.4m ▲39.5%
3 profitable years in a row build equity to €1.4m.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 6.41
Current ratio from 1.88 to 6.41; short-term debt falls from €599,252 to €155,301.
07-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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, Zele · 1 establishment unit since 2012
Ground area
3,197 m²
Building footprint
1,335 m²
Parcel 42028A1514/00B000, Flanders. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
XEDEV
since 20122.208.803.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00B000 | Flanders | 3,197 m² | 1 · 1,335 m² | 0.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 845,820 EUR awarded · 272,574 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 508,419 EUR | 271,000 EUR |
| 2024 | 2 | 336,112 EUR | 285 EUR |
| 2022 | 1 | 1,289 EUR | 1,289 EUR |
Similar companies · same sector, comparable size
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OFFITEL
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ACTTS
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Of 3,149 companies in sector 63920 we hold annual accounts for 1,524. 754 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
Founded11-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
72109Other research and development on natural sciences
21100Manufacture of basic pharmaceutical products and pharmaceutical preparations
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.