Result
-€803,115 -€803,115
From profit to loss in 2025, after a profit of €6.9m in 2024.
XGD
Lifetime
11 annual accounts with figures on one time axispeak €990,900 (2025)
€990,900▲ 9.0%
lowest -€906,020 (2020)
-€803,115▼ €7.7m
peak €11.1m (2024)
€10.3m▼ 7.2%
€3.0m▼ 3.6%
Board9 names since 2018
4 directorsVRG Consulting BVBA and 3 others
Owners3 names in the annual accounts
100%Xplore group and 2 others
Documentsfilings and deeds
02-09-202633 days late
2025financial year
Loss of €803,115
Key points
from the 2025 annual accountsPayment terms
217 days to suppliers
XGD pays its suppliers 21 days later than in 2024. Customers pay 8 days later.
Filings
11 annual accounts since 2015
Seven of the last ten came late. The 2025 accounts came latest: 33 days after the end of the period.
At the same address
78 companies
Subsidiaries
-€4.5m
Subsidiary with negative equity. Xplore Group BV · loss of €658,086 in 2024 · 3 other subsidiaries too.
Position in the sector
-€803,115
Lower net result than 94% of companies in computer programming and consultancy. Sector median €35,587 · 1,693 companies.
Checked score
82
Excellent
Financially stronger than 53% of medium-sized companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.1%▼ -0.1 percentage points vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.1 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026highest value
11-2026: 0.5%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.15, cash €5,100
Last filed accounts filed 33 days late; 1 of the last 3 accounts late
Loss of €803,115 (financial year 2025)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, medium-sized). It does better than 95% of them on solvency, 58% on liquidity, 16% on profitability and 44% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.15 (0.12 in 2024), below 1. Short-term debt is 22.6% and cash 0% of total assets. 22.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 33 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
33 days late
2024
22 days late
2023
21 days late
2022
21 days late
2021
1 day late
2020
6 days late
2019
22 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VC
VRG Consulting BVBA
Director, Gunther Van Roey
- Xplore group 100%score 89equity €44.9m (2025) · annual accounts 2025
- MDP 14.89%score 96equity €56,308 (2025) · 2025 annual accounts of MDP
Shares in 18 companies, including EGOVA and nFuse
Board & ownershipRecent changes
1 statutory auditor reappointed
Permanent representatives: Dieter Vanloock, Tim Vermeiren and Dirk Deroost · KPMG Bedrijfsrevisoren CVBA (statutory auditor) · General meeting of 01-03-2023 · Gazette deed
2 directors appointed
DE WIT Josephus (managing director) and De Cronos Groep (managing director) · Permanent representative: DEROOST Dirk · Board meeting of 07-02-2022 · Gazette deed
1 director appointed, 1 statutory auditor appointed, 1 resignation, 1 resignation, 4 reappointments
Appointments: XPlore Group NV and KPMG Bedrijfsrevisoren CVBA (statutory auditor) · Permanent representatives: Paul Claes, Tim Goffings, Gunther Van Roey, Dirk Deroost and Tim Vermeiren · Reappointments: Tigo Consulting BVBA, Josephus de Wit, VRG Consulting BVBA and De Cronos Groep NV · General meeting of 30-09-2020 · Gazette deed
3 directors appointed, 1 resignation
Appointments: Tigo Consulting, VRG Consulting and Xplore NV · Permanent representatives: Tim Goffings, Gunther Van Roey, Paul Eelen, Koen Claesen, Paul Claes and Dirk Deroost · Resignation: Paul Claes · General meeting of 15-11-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| XGD Kontich | €1.0m | 17.6% | 77.4% | - |
| Chevin Fleet Solutions Antwerp | €1.2m | 15.4% | 79.2% | 3 |
| TGMAN Ravels | €0.7m | 27.1% | 43.0% | - |
| CARYA INVEST Puurs-Sint-Amands | €2.4m | 18.3% | 24.0% | 5 |
| ElmosGroup Herentals | €1.9m | -13.1% | 41.7% | 8.2 |
| REPLY BELGIUM Brussels | €0.5m | -95.3% | 83.4% | 0.9 |
| INTELLIGENT LOGISTICS AND TRANSPORT INVEST Ixelles | €0.6m | 14.3% | 50.5% | 1 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as XGD: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €11m and €23m, founded between 2007 and 2019.
Official details
Source: KBO- Status
- Active since 25-07-2014Normal situation
- Registered office
- 79 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Establishment unit
- 2.234.167.0492550 Kontich, since 25-07-2014
- Financial year end
- 31 December
- Peppol
- Reachable
Companies linked to XGD
Parent and group
Subsidiaries and holdings
- PHPro100%
- PROOV100%
- Phanes93%
- XGTech93%
- Xplore Group Commerce93%
- Lykios90%
- MakeWaves Interactive90%
- Elision86%
Insights on XGD
XGD has existed since 2014. Turnover grew from €475,000 in 2018 to €990,900 in 2025.
Turnover has grown every year since 2020.
Xplore group holds all the shares. In March 2022, the Official Gazette published the appointment of De Cronos Groep as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about XGD
- What is the company number of XGD?
- The company number of XGD is 0557.979.137. The VAT number is the same number with BE in front: BE 0557.979.137.
- Where is XGD based?
- The registered office is at Veldkant 33A, 2550 Kontich.Company details
- What does XGD do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of XGD?
- XGD is a public limited company (NV).
- When was XGD founded?
- XGD was founded on 25-07-2014.
- Is XGD still active?
- Yes, XGD is an active enterprise in the KBO register.
- What is the turnover of XGD?
- The turnover of XGD was €990,900 in financial year 2025, according to the filed annual accounts.Financials
- Is XGD profitable?
- In financial year 2025, XGD made a loss of €803,115.
- Where can I find the annual accounts of XGD?
- XGD filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of XGD due?
- XGD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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