XERIALE
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-06-2026 at the NBB all 6 filings
Turnover
≈ €1.0m
Estimated: probably between €590,000 and €1.7m
Total assets
€98,452▲ 23.8%
2024 · €79,500
Net result
€2,138▼ 86.5%
2024 · €15,853
Working capital
-€5,534▲ 27.9%
2024 · -€7,673
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€7,418
▼ 60.0%
2025
20202025
Net result
€2,138
▼ 86.5%
2025
middle half of the sector
20202025
Equity
-€5,534
▲ 27.9%
2025
lowest quarter of the sector
20202025
Total assets
€98,452
▲ 23.8%
2025
lowest quarter of the sector
20202025
Debt
€103,986
▲ 19.3%
2025
20202025
Working capital
-€5,534
▲ 27.9%
2025
lowest quarter of the sector
20202025
Solvency
-5.6%
▲ 4.0pp
2025
lowest quarter of the sector
20202025
Current ratio
0.95
▲ 0.03
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
2.2%
▼ 17.8pp
2025
middle half of the sector
20202025
Staff (FTE)
3
▼ 9.1%
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result-€2,010--€4,554▼ 127%-€45,151▼ 891%€15,781€18,567▲ 17.7%€7,418▼ 60.0%
Net result-€2,239below the sector's middle half--€4,785below the sector's middle half▼ 114%-€45,922below the sector's middle half▼ 860%€14,422within the sector's middle half€15,853within the sector's middle half▲ 9.9%€2,138within the sector's middle half▼ 86.5%
Equity€12,761below the sector's middle half-€7,975below the sector's middle half▼ 37.5%-€37,947below the sector's middle half-€23,525below the sector's middle half▲ 38.0%-€7,673below the sector's middle half▲ 67.4%-€5,534below the sector's middle half▲ 27.9%
Total assets€107,668below the sector's middle half-€49,354below the sector's middle half▼ 54.2%€61,927below the sector's middle half▲ 25.5%€66,189below the sector's middle half▲ 6.9%€79,500below the sector's middle half▲ 20.1%€98,452below the sector's middle half▲ 23.8%
Debt€94,908-€41,379▼ 56.4%€99,874▲ 141%€89,714▼ 10.2%€87,173▼ 2.8%€103,986▲ 19.3%
Working capital€12,761below the sector's middle half-€7,975below the sector's middle half▼ 37.5%-€37,947below the sector's middle half-€23,525below the sector's middle half▲ 38.0%-€7,673below the sector's middle half▲ 67.4%-€5,534below the sector's middle half▲ 27.9%
Solvency11.9%below the sector's middle half-16.2%below the sector's middle half▲ 4.3pp-61.3%below the sector's middle half▼ 77.4pp-35.5%below the sector's middle half▲ 25.7pp-9.7%below the sector's middle half▲ 25.9pp-5.6%below the sector's middle half▲ 4.0pp
Current ratio1.13within the sector's middle half-1.19within the sector's middle half▲ 0.060.62below the sector's middle half▼ 0.570.74below the sector's middle half▲ 0.120.91below the sector's middle half▲ 0.170.95below the sector's middle half▲ 0.03
Return on assets (ROA)-2.1%below the sector's middle half--9.7%below the sector's middle half▼ 7.6pp-74.2%below the sector's middle half▼ 64.5pp21.8%above the sector's middle half▲ 95.9pp19.9%above the sector's middle half▼ 1.8pp2.2%within the sector's middle half▼ 17.8pp
Staff (FTE)2.1within the sector's middle half-2.3within the sector's middle half▲ 9.5%2within the sector's middle half▼ 13.0%2.3within the sector's middle half▲ 15.0%3.3within the sector's middle half▲ 43.5%3within the sector's middle half▼ 9.1%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 60% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
Quick ratio
0.64▼
2024 · 0.91
Debt ≤ 1 year
€103,986▲
2024 · €87,173
Income taxes
€4,684▲
2024 · €1,095
Staff costs
€207,668▼
2024 · €263,955
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 3 | 3 | 3 |
| full-time | 2 | 2 | 3 | 3 | 3 |
| in full-time equivalents | 2 | 2 | 3 | 3 | 3 |
| Average over the year, in full-time equivalents | 2.3 | 2 | 2.3 | 3.3 | 3 |
| On a permanent contract | 2 | 2 | 3 | 3 | 3 |
| Joined | 0 | - | 1 | 1 | - |
| Left | 1 | - | 0 | 1 | - |
| Training hours | - | - | 14 | 45 | 40 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €124,105 | €114,559 | €162,074 | €263,955 | €207,668 | ▼ 21.3% |
| Other operating charges640/8 | - | - | €178 | €188 | €197 | €200 | ▲ 1.8% |
| Gross operating margin9900 | €117,107 | €119,551 | €69,586 | €178,043 | €282,718 | €215,285 | ▼ 23.9% |
| Operating profit (loss)9901 | -€2,010 | -€4,554 | -€45,151 | €15,781 | €18,567 | €7,418 | ▼ 60.0% |
| Financial income75/76B | - | €174 | €0 | - | - | - | - |
| Recurring financial income75 | €61 | €174 | €0 | - | - | - | - |
| Financial charges65/66B | - | €321 | €316 | €1,159 | €1,619 | €595 | ▼ 63.2% |
| Recurring financial charges65 | €206 | €321 | €316 | €1,159 | €1,619 | €595 | ▼ 63.2% |
| Profit (loss) for the period before taxes9903 | -€2,156 | -€4,702 | -€45,467 | €14,623 | €16,948 | €6,822 | ▼ 59.7% |
| Income taxes67/77 | €83 | €83 | €456 | €201 | €1,095 | €4,684 | ▲ 328% |
| Profit (loss) for the period9904 | -€2,239 | -€4,785 | -€45,922 | €14,422 | €15,853 | €2,138 | ▼ 86.5% |
| Profit (loss) for the period to be appropriated9905 | -€2,239 | -€4,785 | -€45,922 | €14,422 | €15,853 | €2,138 | ▼ 86.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €107,668 | €49,354 | €61,927 | €66,189 | €79,500 | €98,452 | ▲ 23.8% |
| Current assets29/58 | €107,668 | €49,354 | €61,927 | €66,189 | €79,500 | €98,452 | ▲ 23.8% |
| Stocks and contracts in progress3 | - | - | - | - | - | €32,040 | - |
| Stocks30/36 | - | - | - | - | - | €32,040 | - |
| Amounts receivable within one year40/41 | €107,668 | €49,354 | €61,927 | €65,973 | €79,500 | €66,412 | ▼ 16.5% |
| Trade receivables40 | - | €49,290 | €46,905 | €65,600 | €79,500 | €66,369 | ▼ 16.5% |
| Other amounts receivable41 | - | €64 | €15,022 | €373 | - | €43 | - |
| Cash at bank and in hand54/58 | - | - | - | €216 | - | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €107,668 | €49,354 | €61,927 | €66,189 | €79,500 | €98,452 | ▲ 23.8% |
| Equity10/15 | €12,761 | €7,975 | -€37,947 | -€23,525 | -€7,673 | -€5,534 | ▲ 27.9% |
| Contributions10/11 | - | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€2,239 | -€7,025 | -€52,947 | -€38,525 | -€22,673 | -€20,534 | ▲ 9.4% |
| Amounts payable17/49 | €94,908 | €41,379 | €99,874 | €89,714 | €87,173 | €103,986 | ▲ 19.3% |
| Amounts payable within one year42/48 | €94,908 | €41,379 | €99,874 | €89,714 | €87,173 | €103,986 | ▲ 19.3% |
| Trade debts44 | €71,438 | €23,937 | €81,595 | €18,464 | €16,837 | €24,182 | ▲ 43.6% |
| Suppliers440/4 | - | €23,937 | €81,595 | €18,464 | €16,837 | €24,182 | ▲ 43.6% |
| Taxes, remuneration and social security45 | - | €17,358 | €18,279 | €25,897 | €41,454 | €42,288 | ▲ 2.0% |
| Taxes450/3 | - | €1,539 | €255 | - | €2,277 | €6,380 | ▲ 180% |
| Remuneration and social security454/9 | - | €15,819 | €18,024 | €25,897 | €39,177 | €35,908 | ▼ 8.3% |
| Other amounts payable47/48 | - | €84 | - | €45,352 | €28,881 | €37,516 | ▲ 29.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,239 | -€4,785 | -€45,922 | €14,422 | €15,853 | €2,138 | ▼ 86.5% |
| Operating cash flow (approximation) | -€2,239 | -€4,785 | -€45,922 | €14,422 | €15,853 | €2,138 | ▼ 86.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 906 companies had the same profile as XERIALE has now. Two years later, 89.3% were still going and 6.1% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
89.3%
was still going
4.1%
stopped otherwise
6.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of XERIALE itself: 3.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 906 companies, not a prediction for XERIALE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-06-2026 | 2026-00170396 | |
| 31-12-2024 | abbreviated format | 12-06-2025 | 2025-00142687 | |
| 31-12-2023 | abbreviated format | 18-06-2024 | 2024-00145519 | |
| 31-12-2022 | abbreviated format | 04-07-2023 | 2023-00210320 | |
| 31-12-2021 | abbreviated format | 05-07-2022 | 2022-20160629 | |
| 31-12-2020 | abbreviated format | 17-06-2021 | 2021-21200230 |