XERTUM
ActiveSummary
XERTUM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14,083 and a net result of €674. Equity is shrinking by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 2067 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+71
Solvency66=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.9 against 1.0 in 2024; short-term debt: 58.9% and cash: 16.4% of total assets), and 58.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
58 d early
2023
48 d early
2022
60 d early
2021
30 d late
2020
51 d early
2019
41 d late
← 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 17 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€14,083▲ 5.0%
2024 · €13,409
Total assets
€34,255▲ 4.0%
2024 · €32,946
Net result
€674
2024 · -€5,456
Working capital
-€2,080
2024 · €29
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€3,265-€18,929-€947▲ 95.0%-€5,229▼ 452%€1,709
Net result€2,468within the sector's middle half-€19,992below the sector's middle half-€2,299within the sector's middle half▲ 88.5%-€5,456below the sector's middle half▼ 137%€674within the sector's middle half
Equity€41,157below the sector's middle half▲ 6.4%€21,165within the sector's middle half▼ 48.6%€18,866within the sector's middle half▼ 10.9%€13,409within the sector's middle half▼ 28.9%€14,083within the sector's middle half▲ 5.0%
Total assets€60,893below the sector's middle half▼ 7.9%€41,686within the sector's middle half▼ 31.5%€36,537below the sector's middle half▼ 12.4%€32,946below the sector's middle half▼ 9.8%€34,255below the sector's middle half▲ 4.0%
Debt€19,736▼ 28.1%€20,521▲ 4.0%€17,671▼ 13.9%€19,537▲ 10.6%€20,172▲ 3.2%
Working capital€33,458▼ 3.0%€13,747▼ 58.9%€4,998▼ 63.6%€29▼ 99.4%-€2,080
Solvency67.6%within the sector's middle half▲ 9.1pp50.8%within the sector's middle half▼ 16.8pp51.6%within the sector's middle half▲ 0.9pp40.7%within the sector's middle half▼ 10.9pp41.1%within the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,709 after a loss of €5,229 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34,255
Fixed assets
€16,163 ▲ 20.8%
Current assets
€18,092 ▼ 7.5%
Equity and liabilities €34,255
Equity
€14,083 ▲ 5.0%
Debt
€20,172 ▲ 3.2%
Debt's share of the balance-sheet total falls from 59.3% to 58.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,252▲
2024 · -€1,457
Cash flow
€4,217▲
2024 · -€1,684
Current ratio
0.90▼
2024 · 1.00
Debt to equity
1.43▼
2024 · 1.46
ROE
4.8%▲
2024 · -40.7%
ROA
2.0%▲
2024 · -16.6%
Interest coverage
7.21▲
2024 · -1.90
Debt ≤ 1 year
€20,172▲
2024 · €19,537
Income taxes
€310▲
2024 · -€528
Staff costs
€0▼
2024 · €6,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €6,478 | €6,330 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,351 | €4,480 | €4,250 | €3,772 | €3,543 | ▼ 6.1% |
| Other operating charges640/8 | €1,300 | €1,117 | €1,208 | €1,249 | €1,296 | ▲ 3.8% |
| Gross operating margin9900 | €8,915 | -€13,331 | €10,988 | €6,122 | €6,548 | ▲ 6.9% |
| Operating profit (loss)9901 | €3,265 | -€18,929 | -€947 | -€5,229 | €1,709 | ▲ 133% |
| Financial income75/76B | €904 | €4 | - | €11 | €3 | ▼ 70.0% |
| Recurring financial income75 | €904 | €4 | - | €11 | €3 | ▼ 70.0% |
| Financial charges65/66B | €701 | €1,076 | €511 | €767 | €728 | ▼ 5.0% |
| Recurring financial charges65 | €701 | €1,076 | €511 | €767 | €728 | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | €3,468 | -€20,001 | -€1,458 | -€5,984 | €984 | ▲ 116% |
| Income taxes67/77 | €999 | -€9 | €841 | -€528 | €310 | ▲ 159% |
| Profit (loss) for the period9904 | €2,468 | -€19,992 | -€2,299 | -€5,456 | €674 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €2,468 | -€19,992 | -€2,299 | -€5,456 | €674 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,893 | €41,686 | €36,537 | €32,946 | €34,255 | ▲ 4.0% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €7,698 | €7,418 | €13,868 | €13,381 | €16,163 | ▲ 20.8% |
| Intangible fixed assets21 | - | - | €10,700 | €11,854 | €15,380 | ▲ 29.7% |
| Tangible fixed assets22/27 | €7,398 | €7,118 | €2,868 | €1,227 | €483 | ▼ 60.6% |
| Furniture and vehicles24 | €7,398 | €5,253 | €1,463 | €283 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | €1,405 | €944 | €483 | ▼ 48.8% |
| Other tangible fixed assets26 | - | €1,866 | - | - | - | - |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €53,194 | €34,268 | €22,669 | €19,565 | €18,092 | ▼ 7.5% |
| Amounts receivable after more than one year29 | €30,000 | - | - | - | - | - |
| Other amounts receivable291 | €30,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €19,334 | €20,583 | €18,588 | €14,710 | €10,684 | ▼ 27.4% |
| Trade receivables40 | €19,018 | €20,583 | €18,588 | €14,710 | €10,684 | ▼ 27.4% |
| Other amounts receivable41 | €316 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2,597 | €13,288 | €3,176 | €2,188 | €5,627 | ▲ 157% |
| Deferred charges and accrued income490/1 | €1,264 | €397 | €905 | €2,667 | €1,780 | ▼ 33.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,893 | €41,686 | €36,537 | €32,946 | €34,255 | ▲ 4.0% |
| Equity10/15 | €41,157 | €21,165 | €18,866 | €13,409 | €14,083 | ▲ 5.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €20,697 | €705 | -€1,594 | -€7,051 | -€6,377 | ▲ 9.6% |
| Amounts payable17/49 | €19,736 | €20,521 | €17,671 | €19,537 | €20,172 | ▲ 3.2% |
| Amounts payable within one year42/48 | €19,736 | €20,521 | €17,671 | €19,537 | €20,172 | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | €4,232 | €9,583 | - | - | - | - |
| Trade debts44 | €8,240 | €933 | €2,959 | €2,210 | €3,924 | ▲ 77.5% |
| Suppliers440/4 | €8,240 | €933 | €2,959 | €2,210 | €3,924 | ▲ 77.5% |
| Taxes, remuneration and social security45 | €4,031 | €5,553 | €5,991 | €9,035 | €9,366 | ▲ 3.7% |
| Taxes450/3 | €4,031 | €5,553 | €5,991 | €9,035 | €9,366 | ▲ 3.7% |
| Other amounts payable47/48 | €3,234 | €4,452 | €8,721 | €8,292 | €6,882 | ▼ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,468 | -€19,992 | -€2,299 | -€5,456 | €674 | ▲ 112% |
| + Depreciation and write-downs630 | €4,351 | €4,480 | €4,250 | €3,772 | €3,543 | ▼ 6.1% |
| Operating cash flow (approximation) | €6,819 | -€15,511 | €1,951 | -€1,684 | €4,217 | ▲ 350% |
| Investment in fixed assets (approximation) | - | -€4,200 | -€10,700 | -€3,285 | -€6,325 | ▼ 92.5% |
| Change in cash | - | €10,691 | -€10,112 | -€988 | €3,440 | ▲ 448% |
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
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Back to profitnet €674
Net result €674 after 3 loss-making years.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€19,992
Net result drops to -€19,992, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Back to profitnet €2,468
Net result €2,468 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Highest result since 2018net €25,021 ▲98.3%
Operating result €30,986, net result €25,021, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
03-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 34 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Destelbergen · 1 establishment unit since 2006
Ground area
1,042 m²
Building footprint
178 m²
Volume, LiDAR
767 m³
Parcel 44028B0266/00Z000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Kurrent - Xertum Bv
since 20062.157.089.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028B0266/00Z000 | Flanders | 1,042 m² | 1 · 178 m² | 6.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,393 EUR awarded · 2,393 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 690 EUR | 797 EUR |
| 2022 | 1 | 1,703 EUR | 1,596 EUR |
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,329. 847 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
Founded20-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884449067
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.