Xeiling
ActiveSummary
The computed 12-month bankruptcy probability of Xeiling is 4.5% (elevated). The 2024 annual accounts show negative equity (-€1,236) and a net result of -€37,589. Its solvency ranks better than 9% of 36377 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-75
Solvency24▼-28
Growth32
Track record94
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 1.28 in 2023; short-term debt: 92.6% and cash: 4.3% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
-1%
Return on assets
-29.8%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2324
2023 to 2024 · latest year -€1,236
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
64 d late
2023
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
-€1,236
2023 · €36,352
Total assets
€126,187▼ 6.3%
2023 · €134,621
Net result
-€37,589
2023 · €6,352
Working capital
-€24,693
2023 · €19,994
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
Line20232024
Operating result€10,440--€30,090
Net result€6,352--€37,589
Equity€36,352--€1,236
Total assets€134,621-€126,187▼ 6.3%
Debt€98,269-€127,423▲ 29.7%
Working capital€19,994--€24,693
Staff (FTE)0.3-1.2▲ 300%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €30,090 after €10,440 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €126,187
Fixed assets
€34,005 ▼ 20.8%
Current assets
€92,182 ▲ 0.5%
Key figures and ratios
EBITDA
-€20,383▼
2023 · €15,928
Cash flow
-€27,882▼
2023 · €11,840
Solvency
-1.0%▼
2023 · 27.0%
Current ratio
0.79▼
2023 · 1.28
ROA
-29.8%▼
2023 · 4.7%
Interest coverage
-2.61▼
2023 · 12.87
Debt ≤ 1 year
€116,875▲
2023 · €71,715
Debt > 1 year
€9,739▼
2023 · €25,744
Income taxes
€106▼
2023 · €3,827
Staff costs
€72,409▲
2023 · €7,564
A ratio outside any meaningful range has been withheld (balance sheet total €126,187, equity -€1,236).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €7,564 | €72,409 | ▲ 857% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,488 | €9,707 | ▲ 76.9% |
| Other operating charges640/8 | €1,283 | €9,387 | ▲ 632% |
| Non-recurring operating charges66A | €324 | €622 | ▲ 91.9% |
| Gross operating margin9900 | €25,099 | €62,034 | ▲ 147% |
| Operating profit (loss)9901 | €10,440 | -€30,090 | ▼ 388% |
| Financial income75/76B | €976 | €428 | ▼ 56.1% |
| Recurring financial income75 | €976 | €428 | ▼ 56.1% |
| Financial charges65/66B | €1,237 | €7,821 | ▲ 532% |
| Recurring financial charges65 | €1,237 | €7,821 | ▲ 532% |
| Profit (loss) for the period before taxes9903 | €10,179 | -€37,483 | ▼ 468% |
| Income taxes67/77 | €3,827 | €106 | ▼ 97.2% |
| Profit (loss) for the period9904 | €6,352 | -€37,589 | ▼ 692% |
| Profit (loss) for the period to be appropriated9905 | €6,352 | -€37,589 | ▼ 692% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €134,621 | €126,187 | ▼ 6.3% |
| Fixed assets21/28 | €42,912 | €34,005 | ▼ 20.8% |
| Tangible fixed assets22/27 | €42,912 | €34,005 | ▼ 20.8% |
| Plant, machinery and equipment23 | €328 | €248 | ▼ 24.4% |
| Furniture and vehicles24 | €42,584 | €33,757 | ▼ 20.7% |
| Current assets29/58 | €91,709 | €92,182 | ▲ 0.5% |
| Amounts receivable within one year40/41 | €65,470 | €84,970 | ▲ 29.8% |
| Trade receivables40 | €48,149 | €26,685 | ▼ 44.6% |
| Other amounts receivable41 | €17,322 | €58,285 | ▲ 236% |
| Cash at bank and in hand54/58 | €26,238 | €5,483 | ▼ 79.1% |
| Deferred charges and accrued income490/1 | - | €1,728 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €134,621 | €126,187 | ▼ 6.3% |
| Equity10/15 | €36,352 | -€1,236 | ▼ 103% |
| Contributions10/11 | €30,000 | €30,000 | = |
| Reserves13 | €6,352 | €6,352 | = |
| Distributable reserves133 | €6,352 | €6,352 | = |
| Profit (loss) carried forward14 | - | -€37,589 | - |
| Amounts payable17/49 | €98,269 | €127,423 | ▲ 29.7% |
| Amounts payable after more than one year17 | €25,744 | €9,739 | ▼ 62.2% |
| Financial debts170/4 | €25,744 | €9,739 | ▼ 62.2% |
| Amounts payable within one year42/48 | €71,715 | €116,875 | ▲ 63.0% |
| Current portion of amounts payable after more than one year42 | €15,154 | €17,176 | ▲ 13.3% |
| Trade debts44 | €31,406 | €69,698 | ▲ 122% |
| Suppliers440/4 | €31,406 | €69,698 | ▲ 122% |
| Taxes, remuneration and social security45 | €25,156 | €29,986 | ▲ 19.2% |
| Taxes450/3 | €25,156 | €8,177 | ▼ 67.5% |
| Remuneration and social security454/9 | - | €21,809 | - |
| Other amounts payable47/48 | - | €15 | - |
| Accrued charges and deferred income492/3 | €809 | €809 | = |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €6,352 | -€37,589 | ▼ 692% |
| + Depreciation and write-downs630 | €5,488 | €9,707 | ▲ 76.9% |
| Operating cash flow (approximation) | €11,840 | -€27,882 | ▼ 335% |
| Investment in fixed assets (approximation) | - | -€800 | - |
| Change in cash | - | -€20,755 | - |
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
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
11-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 42 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Izegem · 1 establishment unit since 2022
Ground area
259 m²
Building footprint
82 m²
Volume, LiDAR
491 m³
Parcel 36492A0333/00Z007, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Xeiling
since 20222.337.619.133
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36492A0333/00Z007 | Flanders | 259 m² | 1 · 82 m² | 10.1 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.
Similar companies · same sector, comparable size
LAR BELGIUM SERVICES
BE 1008.365.874
Sint-Gillis (bij-Brussel) · Eq €36,352
Ken-Do-It Construct
BE 1016.768.747
Dilbeek · Eq €36,388
CASA-DESIGN
BE 0737.392.119
Spa · Eq €36,426
GLT CLEAN
BE 0681.980.175
Braine-l'Alleud · Eq €36,258
MENPRO GROUP
BE 0799.164.984
Leuven · Eq €36,169
Of 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,946 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
Founded28-10-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43350Other building finishing work
43990Other specialised construction activities
Contact
E-mail
info@xeiling.be
Scores and ratios are computed by Checked and are not a credit decision.