Financials
- Financial year
- 2025
- Turnover
- €102.0m
- Loss
- -€10.7m
- Solvency
- 41.8%
Turnover▲ 14.4%
Net result
20182025
XEIKON MANUFACTURING
ActiveSummary
XEIKON MANUFACTURING has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €33.6m and a net result of -€10.7m. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 51% of 382 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28990
Largest company by total assets in Lier, Manufacturing sector2 sites
Size
€102.0mturnover 2025
- Staff
- 191.1 FTE
- Equity
- €33.6m
- Loss
- -€10.7m
Structure
- Parent
- Flint Group Midco Ltd
- Holdings
- 2
- Robert WelfordDirector
Auditor: BV PwC BedrijfsrevisorenAccounts 43 days early3 of 32 deeds read
Why 87raises riskLoss of €10.7m, the second in a row (financial year 2025)Sector: Manufacture of machinery and equipment not elsewhere classified (NACE 28)lowers riskLiquidity: current ratio 1.55, cash €25.7mSize: turnover €102.0m, 191.1 FTE, total assets €80.3m, files consolidated accountsShow the evidence
Checked score
Score 2025
87
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 56% of its sector peers (NACE 28, medium-sized)
Financial strength · tick = 2024
Strong
Solvency
67-11
equity 41.8% of total assets
Liquidity
63+15
short-term debt 53.7% · cash 32.1%
Profitability
44+24
return on assets -13.4%
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● unchanged vs 11-2024
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025highest value
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.1%▼ -0.5 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.3%▲ +0.1 percentage points vs 09-2026
Credit of up to €2,900,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.55, compared with 1.78 in 2024, above the usual 1.5; short-term debt: 53.7% and cash: 32.1% of total assets), but 58.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, medium-sized): better than 60% on solvency, 87% on liquidity, 29% on profitability and 49% on growth.
The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€10.7m
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 18-06-2026, 43 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
43 days early
2024
37 days early
2023
13 days early
2022
2 days late
2021
2 days early
2020
45 days early
2019
15 days 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 22 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
- Resignation: Bram Beels (director)Power of attorney
- Annual accounts filedfinancial year 2025 · full…
- Resignations: Price Waterhouse Coopers Bedrijfsrevisoren BV…Appointment: PwC Bedrijfsrevisoren BV (statutory…
Key points
- Risk: 4 loss-making years in a rowloss financial year 2025 -€10.7m View
- Caution: Result fell in 2025from -€5.9m to -€10.7m ▼ 82.8% View
- Caution: Among the weakest 5% on net resultsector median €157,807 · 382 companies -€10.7m View
- Caution: Directors leftlatest change 26-06-2026 · 1 in office 2 left View
- Controlled by Flint Group Midco Ltdthe company in turn controls 2 companies parent View
- Flemish supportawarded from 2022 to 2025 €59,201 View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Flint Group Midco Ltd
- Auditor
- BV PwC Bedrijfsrevisoren
- Robert WelfordDirector
Network & group
- Subsidiaries
- 2
2 subsidiaries
Timeline
- Events
- 36
- Since
- 1996
- Next accounts
- by 31-07-2027
- 24-06-2025Annual accounts filed
- 05-05-2025Resignation: Wouter Ruys (director and managing director)
- 18-07-2024Annual accounts filed
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28990
- Founded
- 21-09-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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