XGD
ActiveSummary
XGD has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.3m and a net result of -€803,115. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 86% of 1438 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability22▼-78
Solvency100=
Growth58▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.12 in 2024; short-term debt: 22.6% and cash: 0% of total assets), and 22.6% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
77.4%
Return on assets
-6%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-09-2026, 33 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 · 10 filingsDeviation from the deadline
2025
33 d late
2024
22 d late
2023
21 d late
2022
21 d late
2021
1 d late
2020
6 d late
2019
22 d 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 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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
Go further with this company
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Financials · fiscal year 2025, full schema
Turnover
€990,900▲ 9.0%
2024 · €908,700
EBIT margin
17.6%▼ 11.2pp
2024 · 28.7%
Net result
-€803,115
2024 · €6.9m
Working capital
-€2.6m▲ 6.0%
2024 · -€2.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Turnover€609,600▲ 33.3%€726,000▲ 19.1%€841,700▲ 15.9%€908,700▲ 8.0%€990,900▲ 9.0%
Operating result-€84,037▲ 8.0%€155,016€238,681▲ 54.0%€261,249▲ 9.5%€173,921▼ 33.4%
Net result€1.7mabove the sector's middle half€502,647above the sector's middle half▼ 69.6%€115,147above the sector's middle half▼ 77.1%€6.9mabove the sector's middle half▲ 5,859%-€803,115below the sector's middle half
EBIT margin-13.8%▲ 6.2pp21.4%▲ 35.1pp28.4%▲ 7.0pp28.7%▲ 0.4pp17.6%▼ 11.2pp
Equity€3.9mabove the sector's middle half▲ 33.1%€4.2mabove the sector's middle half▲ 8.5%€4.3mabove the sector's middle half▲ 2.8%€11.1mabove the sector's middle half▲ 158%€10.3mabove the sector's middle half▼ 7.2%
Total assets€5.3mabove the sector's middle half▲ 53.4%€5.9mabove the sector's middle half▲ 11.4%€10.0mabove the sector's middle half▲ 68.4%€14.2mabove the sector's middle half▲ 42.9%€13.3mabove the sector's middle half▼ 6.4%
Debt€1.5m▲ 158%€1.7m▲ 19.0%€5.7m▲ 227%€3.1m▼ 44.9%€3.0m▼ 3.6%
Working capital€549,929-€1.4m-€5.2m▼ 276%-€2.7m▲ 47.2%-€2.6m▲ 6.0%
Solvency72.6%above the sector's middle half▼ 11.1pp70.8%above the sector's middle half▼ 1.9pp43.2%within the sector's middle half▼ 27.6pp78.1%above the sector's middle half▲ 34.9pp77.4%above the sector's middle half▼ 0.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result +5,859% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
- 2022 Net result -70% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.3m
Fixed assets
€12.9m ▼ 7.0%
Current assets
€436,212 ▲ 13.9%
Equity and liabilities €13.3m
Equity
€10.3m ▼ 7.2%
Debt
€3.0m ▼ 3.6%
Debt's share of the balance-sheet total rises from 21.9% to 22.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.15▲
2024 · 0.12
Debt to equity
0.29▲
2024 · 0.28
ROE
-7.8%▼
2024 · 61.8%
ROA
-6.0%▼
2024 · 48.2%
Debt ≤ 1 year
€3.0m▼
2024 · €3.1m
Income taxes
-€41▼
2024 · €29,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €609,600 | - | - | €908,700 | €990,900 | ▲ 9.0% |
| Turnover70 | €609,600 | €726,000 | €841,700 | €908,700 | €990,900 | ▲ 9.0% |
| Non-recurring operating income76A | - | €29,422 | €71 | - | - | - |
| Operating charges60/66A | €693,637 | - | - | €647,451 | €816,979 | ▲ 26.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €594,210 | €601,698 | - | - | - |
| Goods for resale, raw materials and consumables60 | €681,750 | - | - | €632,725 | €797,630 | ▲ 26.1% |
| Purchases600/8 | €681,750 | - | - | €632,725 | €797,630 | ▲ 26.1% |
| Services and other goods61 | €7,292 | - | - | €13,396 | €9,969 | ▼ 25.6% |
| Remuneration, social security and pensions62 | €237 | €189 | - | - | - | - |
| Other operating charges640/8 | €1,398 | €1,560 | €1,392 | €1,331 | €1,531 | ▲ 15.1% |
| Non-recurring operating charges66A | €2,960 | €4,447 | - | - | €7,848 | - |
| Gross operating margin9900 | - | €161,212 | €240,072 | - | - | - |
| Operating profit (loss)9901 | -€84,037 | €155,016 | €238,681 | €261,249 | €173,921 | ▼ 33.4% |
| Financial income75/76B | €1.8m | €371,149 | €563,051 | €7.0m | €316,935 | ▼ 95.5% |
| Recurring financial income75 | €312,654 | €371,149 | €563,051 | €3.3m | €316,935 | ▼ 90.4% |
| Income from financial fixed assets750 | €312,654 | - | - | €3.3m | - | - |
| Income from current assets751 | - | - | - | €121 | - | - |
| Non-recurring financial income76B | €1.5m | - | - | €3.7m | €316,935 | ▼ 91.5% |
| Financial charges65/66B | €28,282 | €23,518 | €686,585 | €413,853 | €1.3m | ▲ 213% |
| Recurring financial charges65 | €28,282 | €23,518 | €184,628 | €224,326 | €121,362 | ▼ 45.9% |
| Debt charges650 | €28,034 | - | - | €223,755 | €120,696 | ▼ 46.1% |
| Other financial charges652/9 | €247 | - | - | €571 | €667 | ▲ 16.7% |
| Non-recurring financial charges66B | - | - | €501,957 | €189,527 | €1.2m | ▲ 519% |
| Profit (loss) for the period before taxes9903 | €1.7m | €502,647 | €115,147 | €6.9m | -€803,156 | ▼ 112% |
| Income taxes67/77 | €1,366 | - | - | €29,400 | -€41 | ▼ 100% |
| Taxes670/3 | €1,366 | - | - | €29,400 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €41 | - |
| Profit (loss) for the period9904 | €1.7m | €502,647 | €115,147 | €6.9m | -€803,115 | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €1.7m | €502,647 | €115,147 | €6.9m | -€803,115 | ▼ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €5.9m | €10.0m | €14.2m | €13.3m | ▼ 6.4% |
| Fixed assets21/28 | €3.3m | €5.7m | €9.6m | €13.8m | €12.9m | ▼ 7.0% |
| Financial fixed assets28 | €3.3m | €5.7m | €9.6m | €13.8m | €12.9m | ▼ 7.0% |
| Affiliated companies280/1 | €3.3m | - | - | €13.8m | €12.9m | ▼ 7.0% |
| Participating interests280 | €3.3m | - | - | €13.8m | €12.9m | ▼ 7.0% |
| Current assets29/58 | €2.0m | €198,633 | €377,511 | €383,041 | €436,212 | ▲ 13.9% |
| Amounts receivable after more than one year29 | €21,000 | €10,500 | - | - | - | - |
| Trade receivables290 | €21,000 | - | - | - | - | - |
| Other amounts receivable291 | - | €10,500 | - | - | - | - |
| Amounts receivable within one year40/41 | €2.0m | €116,160 | €372,360 | €377,430 | €431,060 | ▲ 14.2% |
| Trade receivables40 | €80,586 | €116,160 | €361,860 | €376,260 | €431,060 | ▲ 14.6% |
| Other amounts receivable41 | €1.9m | - | €10,500 | €1,170 | - | - |
| Cash at bank and in hand54/58 | €10,000 | €71,921 | €5,100 | €5,611 | €5,100 | ▼ 9.1% |
| Deferred charges and accrued income490/1 | €52 | €52 | €52 | - | €52 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €5.9m | €10.0m | €14.2m | €13.3m | ▼ 6.4% |
| Equity10/15 | €3.9m | €4.2m | €4.3m | €11.1m | €10.3m | ▼ 7.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €3.8m | €4.1m | €4.2m | €11.0m | €10.2m | ▼ 7.3% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €3.8m | €4.1m | €4.2m | €11.0m | €10.2m | ▼ 7.3% |
| Profit (loss) carried forward14 | €322 | €969 | €115 | €759 | €1,644 | ▲ 117% |
| Amounts payable17/49 | €1.5m | €1.7m | €5.7m | €3.1m | €3.0m | ▼ 3.6% |
| Amounts payable after more than one year17 | - | €150,000 | €100,000 | - | - | - |
| Other amounts payable178/9 | - | €150,000 | €100,000 | - | - | - |
| Amounts payable within one year42/48 | €1.5m | €1.6m | €5.6m | €3.1m | €3.0m | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €150,000 | €250,000 | €140,000 | - | - |
| Trade debts44 | €299,261 | €246,739 | €351,909 | €347,578 | €479,664 | ▲ 38.0% |
| Suppliers440/4 | €299,261 | €246,739 | €351,909 | €347,578 | €479,664 | ▲ 38.0% |
| Taxes, remuneration and social security45 | - | €2,118 | €5,253 | €29,400 | €2,006 | ▼ 93.2% |
| Taxes450/3 | - | €2,118 | €5,253 | €29,400 | €2,006 | ▼ 93.2% |
| Other amounts payable47/48 | €1.2m | €1.2m | €5.0m | €2.6m | €2.5m | ▼ 2.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.7m | €502,647 | €115,147 | €6.9m | -€803,115 | ▼ 112% |
| Operating cash flow (approximation) | €1.7m | €502,647 | €115,147 | €6.9m | -€803,115 | ▼ 112% |
| Investment in fixed assets (approximation) | - | -€2.4m | -€3.9m | -€4.3m | €967,714 | ▲ 123% |
| Change in cash | - | €61,921 | -€66,822 | €511 | -€511 | ▼ 200% |
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
02-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 33 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
2024
31-12
Financial
Highest result since 2018net €6.9m ▲5,859%
Operating result €261,249, net result €6.9m, both a record.
31-12
Financial
Equity above €10mEq €11.1m ▲158%
4 profitable years in a row build equity to €11.1m.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 21 days late
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
31-12
Financial
Back to profitnet €1.7m
Net result €1.7m after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.38
Current ratio from 0.43 to 1.38.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
31-12
Financial
Weakest financial yearnet -€906,020
Net result drops to -€906,020, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kontich · 1 establishment unit since 2014
Ground area
3,317 m²
Building footprint
736 m²
Volume, LiDAR
8,061 m³
Parcel 11024B0130/00E002, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
79
companies at this address
See who is registered here
1 establishment unit
XGD NV
since 20142.234.167.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0130/00E002 | Flanders | 3,317 m² | 1 · 736 m² | 14.2 m · 4 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.
Structure & network
Part of the group
Nuclys
450 companies
Group, risk and exposure
Owners and holdings
2 owners · 18 holdings · 44 subsidiaries in the treeChain of control
Highest known parent: Nuclys. The sources do not say who stands above it.
Owners 2
-
100%
- Sourceaccounts MDP 202514.89%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
72.82%
Holdings 18
-
100%
-
100%
-
100%
-
100%
-
100%
-
93%
-
93%
- Xplore Group CommercesubsidiaryEquity €1.6mResult €259,96593%
-
90%
- MakeWaves InteractivesubsidiaryEquity -€660,801Result -€474,44890%
Show 8 more holdings
-
90%
-
86%
-
86%
-
86%
-
86%
-
85%
-
84.99%
-
55%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
100%
All subsidiaries, including indirect ones 44
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- EGOVA 100%
- nFuse 100%
- PHPro 100%
- Proov 100%
- Xplore Group Commerce SLES 100%
XGTech 93%8 subsidiaries
- Everythings 100%
- Gluo 100%
- XGT Consult 100%
- Refleqt 93%
- Cloudway 86%
- Infofarm 86%
- SIXTH GENERATION 86%
- Unlockd 80%
Xplore Group Commerce 93%5 subsidiaries
- FORWARD Services 100%
- HUMIX 92.1%
- Fenego 90%
- YellowGround 86%
- Supersonic 80%
- Lykios 90%
- MakeWaves Interactive 90%
- Xplore Group BVNL 90%
- Elision 86%
- Kunlabora 86%
- Stitchd 86%
Whisper 86%2 subsidiaries
- iDA 100%
- Two Point O 86%
Cloudar 85%1 subsidiary
- CloudarNL 78.06%
- Master Data Partners 84.99%
Biztory 55%4 subsidiaries
- Biztory BVNL 100%
- Biztory GmbHDE 100%
- Biztory LtdGB 100%
- Biztory Belgium 80%
According to the 2025 annual accounts of XGD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formPublic limited company
Founded25-07-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0557979137
Also
9925:BE0557979137
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.