XELA
ActiveSummary
XELA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €367k and a net result of €35k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 71% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-9
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 5.85 in 2024; short-term debt: 24.5% and cash: 51.2% of total assets), and 24.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
75.5%
Return on assets
7.1%
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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 d early
2024
28 d late
2023
71 d late
2022
128 d late
2021
92 d late
2020
94 d late
2019
91 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€367k▼ 11.5%
2024 · €414k
2018: €165k
2019: €189k
2020: €234k
2021: €260k
2022: €303k
2023: €347k
2024: €414k
2018 → 2025
Total assets
€486k▲ 6.4%
2024 · €457k
2018: €180k
2019: €199k
2020: €267k
2021: €300k
2022: €342k
2023: €397k
2024: €457k
2018 → 2025
Net result
€35k▼ 48.6%
2024 · €67k
2018: €15k
2019: €24k
2020: €44k
2021: €26k
2022: €43k
2023: €44k
2024: €67k
2018 → 2025
Working capital
€150k▼ 26.6%
2024 · €205k
2018: €155k
2019: €180k
2020: €224k
2021: €249k
2022: €293k
2023: €139k
2024: €205k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€260k-€303k▲ 16.7%€347k▲ 14.4%€414k▲ 19.5%€367k▼ 11.5%
Operating result€51k-€60k▲ 18.1%€55k▼ 7.6%€98k▲ 77.7%€70k▼ 28.6%
Net result€26k-€43k▲ 67.2%€44k▲ 0.6%€67k▲ 54.5%€35k▼ 48.6%
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 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486k
Fixed assets
€216k ▲ 3.3%
Current assets
€270k ▲ 9.0%
Equity and liabilities €486k
Equity
€367k ▼ 11.5%
Debt
€119k ▲ 182%
Debt's share of the balance-sheet total rises from 9.3% to 24.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71k▼
2024 · €99k
Cash flow
€35k▼
2024 · €68k
Current ratio
2.26▼
2024 · 5.85
Debt to equity
0.32▲
2024 · 0.10
ROE
9.5%▼
2024 · 16.3%
ROA
7.1%▼
2024 · 14.8%
Interest coverage
120.82▼
2024 · 1087.64
Debt ≤ 1 year
€119k▲
2024 · €42k
Income taxes
€26k▼
2024 · €31k
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€457k€486k▲
Fixed assets21/28€209k€216k▲
Tangible fixed assets22/27€1k€11k▲
Furniture and vehicles24€1k€11k▲
Financial fixed assets28€208k€205k▼
Current assets29/58€247k€270k▲
Amounts receivable within one year40/41€35k€21k▼
Trade receivables40€18k€21k▲
Other amounts receivable41€18k€219▼
Cash at bank and in hand54/58€212k€249k▲
Equity and liabilities
Total equity and liabilities10/49€457k€486k▲
Equity10/15€414k€367k▼
Contributions10/11€35k€39k▲
Reserves13€252k€200k▼
Non-distributable reserves130/1€4k-
Reserves not available under the articles1311€4k-
Tax-exempt reserves132€2k€2k=
Distributable reserves133€246k€198k▼
Profit (loss) carried forward14€128k€128k=
Amounts payable17/49€42k€119k▲
Amounts payable within one year42/48€42k€119k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€30k€30k▼
Taxes450/3€26k€30k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€9k€87k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€531€775▲
Other operating charges640/8€2k€862▼
Non-recurring operating charges66A-€7k
Gross operating margin9900€101k€78k▼
Operating profit (loss)9901€98k€70k▼
Financial income75/76B€515€6k▲
Recurring financial income75€515€6k▲
Financial charges65/66B€91€15k▲
Recurring financial charges65€91€587▲
Non-recurring financial charges66B-€14k
Profit (loss) for the period before taxes9903€99k€61k▼
Income taxes67/77€31k€26k▼
Profit (loss) for the period9904€67k€35k▼
Profit (loss) for the period to be appropriated9905€67k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€195k€162k▼
Profit (loss) brought forward from the previous period14P€128k€128k=
Transfer from equity791/2-€82k
Transfer to equity691/2€67k€35k▼
To other reserves6921€67k€35k▼
Profit to be distributed694/7-€82k
Return on contributions (dividend)694-€82k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €67k ▲54.5%
Operating result €98k, net result €67k, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
06-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 128 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
31-12
Financial
Equity above €200kEq €234k ▲23.4%
3 profitable years in a row build equity to €234k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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 2008
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.
Bischoffsheimlaan 391000 BrusselGround area
1,031 m²
Building footprint
375 m²
Volume, LiDAR
7,140 m³
2 parcels, Brussels · tallest building 26.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Xela
since 20082.170.171.003
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0630/00H003 | Brussels | 808 m² | 1 · 279 m² | 26.6 m · 8 fl. |
| 21903B0066/00Y002 | Brussels | 223 m² | 1 · 96 m² | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450054B811539BDD77
Similar companies · same sector, comparable size
C:SOLUTIO
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GUY WYGAERTS
BE 0455.793.595
Oud-Heverlee · Eq €366,689
STELLA HAVERIS MANAGEMENT
BE 0806.123.349
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MANAGEMENT BUSINESS IMMOBILIER
BE 0548.884.594
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AVB
BE 0757.622.062
Gent · Eq €366,752
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 36,915 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:gaschard@dse.nl