XEFI BELGIUM
ActiveThe computed 12-month bankruptcy probability of XEFI BELGIUM is 2.8% (moderate). The 2024 annual accounts show equity of €81k and a net result of €42k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 25% of 6008 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
76
/ 100
Excellent▲ +21 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency32▼-57
Growth78=
Stability100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.88 in 2023), and 79.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
20.5%
Return on assets
10.8%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 6008 sector peers (2024).
NBB · sector comparisonPosition among 6008 sector peers
Solvency
better than 25%
← weakest
strongest →
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 26-06-2025, 35 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
48 d early
2022
53 d early
2021
16 d early
2020
3 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€42k
2023 · €-2k
2020: €-15k
2021: €-7k
2022: €11k
2023: €-2k
2020 → 2024
Working capital
€88k▲ 132%
2023 · €38k
2020: €35k
2021: €29k
2022: €40k
2023: €38k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€35k-€29k▼ 18.8%€40k▲ 39.0%€38k▼ 4.5%€81k▲ 111%
Operating result€-15k-€-7k▲ 54.7%€11k€-1k€61k
Net result€-15k-€-7k▲ 54.5%€11k€-2k€42k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €61k after a loss of €1k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393k
Fixed assets
€639▲ 363%
Current assets
€393k▲ 384%
Equity and liabilities €393k
Equity
€81k▲ 111%
Debt
€313k▲ 625%
The debt ratio rises from 53.0% to 79.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€61k
Cash flow
€43k
Solvency
20.5%▼
2023 · 47.0%
Current ratio
1.29▼
2023 · 1.88
Quick ratio
1.29▼
2023 · 1.88
Debt / equity
3.88▲
2023 · 1.13
ROE
52.6%▲
2023 · -4.7%
ROA
10.8%▲
2023 · -2.2%
Interest coverage
69.46
Debt
€313k▲
2023 · €43k
Debt ≤ 1 year
€304k▲
2023 · €43k
Income taxes
€18k▲
2023 · €226
Staff costs
€140k▲
2023 · €63k
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€81k€393k▲
Fixed assets21/28€138€639▲
Tangible fixed assets22/27-€501
Furniture and vehicles24-€501
Financial fixed assets28€138€138=
Current assets29/58€81k€393k▲
Amounts receivable within one year40/41€71k€249k▲
Trade receivables40€70k€226k▲
Other amounts receivable41€1k€23k▲
Cash at bank and in hand54/58€10k€143k▲
Deferred charges and accrued income490/1€160€1k▲
Equity and liabilities
Total equity and liabilities10/49€81k€393k▲
Equity10/15€38k€81k▲
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-12k€31k▲
Amounts payable17/49€43k€313k▲
Amounts payable within one year42/48€43k€304k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€20k€206k▲
Suppliers440/4€20k€206k▲
Taxes, remuneration and social security45€13k€85k▲
Taxes450/3€5k€64k▲
Remuneration and social security454/9€8k€21k▲
Other amounts payable47/48€10k€14k▲
Accrued charges and deferred income492/3-€8k
Income statement
Code20232024
Remuneration, social security and pensions62€63k€140k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€64
Other operating charges640/8€554€3k▲
Gross operating margin9900€62k€204k▲
Operating profit (loss)9901€-1k€61k▲
Financial charges65/66B€160€881▲
Recurring financial charges65€160€881▲
Profit (loss) for the period before taxes9903€-2k€60k▲
Income taxes67/77€226€18k▲
Profit (loss) for the period9904€-2k€42k▲
Profit (loss) for the period to be appropriated9905€-2k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€31k▲
Profit (loss) brought forward from the previous period14P€-10k€-12k▼
Social balance
Average headcount (FTE)90871.01.6▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2020
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.
Kunstlaan 561000 BrusselGround area
4,653 m²
Building footprint
2,861 m²
Volume, LiDAR
80,518 m³
Parcel 21805E0475/00F000, Brussels · tallest building 34.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
XEFI BELGIUM
since 20202.304.406.531
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0475/00F000 | Brussels | 4,653 m² | 1 · 2,861 m² | 34.5 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
NETWORK PROCES CONTROL
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JM BRUNEAU BELGIUM
BE 0465.015.822
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BE 0655.842.932
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IOT LINK
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TEVIOS
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Ath · Eq €80k
Of 2,119 companies in sector 46500 we hold annual accounts for 1,399. 988 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2020
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.