XIDA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-06-2026 at the NBB all 23 filings
Turnover
≈ €88,000
Estimated: probably between €51,000 and €140,000
Total assets
€128,321▲ 0.2%
2024 · €128,072
Net result
€5,504▼ 67.4%
2024 · €16,871
Working capital
€86,258▲ 34.6%
2024 · €64,072
In the rankings
#5 oldest company in Putte, Arts, sports and recreation sector#10 company by total assets in Putte, Arts, sports and recreation sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€10,261
▼ 59.9%
2025
20182025
Net result
€5,504
▼ 67.4%
2025
middle half of the sector
20182025
Equity
€60,555
▲ 10.0%
2025
middle half of the sector
20182025
Total assets
€128,321
▲ 0.2%
2025
middle half of the sector
20182025
Debt
€67,766
▼ 7.2%
2025
20182025
Working capital
€86,258
▲ 34.6%
2025
highest quarter of the sector
20182025
Solvency
47.2%
▲ 4.2pp
2025
middle half of the sector
20182025
Current ratio
4.86
▲ 1.35
2025
highest quarter of the sector
20182025
Return on assets (ROA)
4.3%
▼ 8.9pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€6,334--€3,504-€8,503▼ 143%€13,334€9,790▼ 26.6%€19,415▲ 98.3%€25,604▲ 31.9%€10,261▼ 59.9%
Net result€3,838--€5,801-€9,071below the sector's middle half▼ 56.4%€12,609within the sector's middle half€9,064within the sector's middle half▼ 28.1%€16,272within the sector's middle half▲ 79.5%€16,871within the sector's middle half▲ 3.7%€5,504within the sector's middle half▼ 67.4%
Equity€15,107-€9,306▼ 38.4%€235below the sector's middle half▼ 97.5%€12,844within the sector's middle half▲ 55×€21,907within the sector's middle half▲ 70.6%€38,180within the sector's middle half▲ 74.3%€55,051within the sector's middle half▲ 44.2%€60,555within the sector's middle half▲ 10.0%
Total assets€65,236-€45,431▼ 30.4%€47,062within the sector's middle half▲ 3.6%€109,888within the sector's middle half▲ 133%€119,496within the sector's middle half▲ 8.7%€108,584within the sector's middle half▼ 9.1%€128,072within the sector's middle half▲ 17.9%€128,321within the sector's middle half▲ 0.2%
Debt€50,129-€36,125▼ 27.9%€46,827▲ 29.6%€97,044▲ 107%€97,589▲ 0.6%€70,404▼ 27.9%€73,021▲ 3.7%€67,766▼ 7.2%
Working capital€2,450-€3,606▲ 47.2%€30,893within the sector's middle half▲ 757%€35,258within the sector's middle half▲ 14.1%€44,967within the sector's middle half▲ 27.5%€40,148within the sector's middle half▼ 10.7%€64,072within the sector's middle half▲ 59.6%€86,258above the sector's middle half▲ 34.6%
Solvency23.2%-20.5%▼ 2.7pp0.5%below the sector's middle half▼ 20.0pp11.7%below the sector's middle half▲ 11.2pp18.3%within the sector's middle half▲ 6.6pp35.2%within the sector's middle half▲ 16.8pp43.0%within the sector's middle half▲ 7.8pp47.2%within the sector's middle half▲ 4.2pp
Current ratio1.05-1.10▲ 0.054.82above the sector's middle half▲ 3.723.41within the sector's middle half▼ 1.412.83within the sector's middle half▼ 0.582.66within the sector's middle half▼ 0.173.52within the sector's middle half▲ 0.864.86above the sector's middle half▲ 1.35
Return on assets (ROA)5.9%--12.8%▼ 18.7pp-19.3%below the sector's middle half▼ 6.5pp11.5%within the sector's middle half▲ 30.7pp7.6%within the sector's middle half▼ 3.9pp15.0%within the sector's middle half▲ 7.4pp13.2%within the sector's middle half▼ 1.8pp4.3%within the sector's middle half▼ 8.9pp
above
within
below
The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). 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 micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,321
Fixed assets
€19,734 ▼ 48.8%
Current assets
€108,587 ▲ 21.3%
Equity and liabilities €128,321
Equity
€60,555 ▲ 10.0%
Debt
€67,766 ▼ 7.2%
Debt's share of the balance-sheet total falls from 57.0% to 52.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,928▼
2024 · €44,098
Cash flow
€25,171▼
2024 · €35,365
Debt to equity
1.12▼
2024 · 1.33
ROE
9.1%▼
2024 · 30.6%
Interest coverage
11.25▼
2024 · 18.80
Debt ≤ 1 year
€22,329▼
2024 · €25,470
Debt > 1 year
€45,437▼
2024 · €47,551
Income taxes
€2,361▼
2024 · €6,610
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €65,665 | €7,480 | €12,329 | €12,818 | €871 |
| Depreciation and write-downs of the year | €13,751 | €17,526 | €18,067 | €18,494 | €19,667 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €18,100 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,111 | €14,169 | €3,518 | €13,751 | €17,526 | €18,067 | €18,494 | €19,667 | ▲ 6.3% |
| Other operating charges640/8 | - | - | - | €675 | €669 | €888 | €812 | €705 | ▼ 13.1% |
| Gross operating margin9900 | €21,697 | €11,933 | -€3,699 | €27,760 | €27,985 | €38,371 | €44,910 | €30,633 | ▼ 31.8% |
| Operating profit (loss)9901 | €6,334 | -€3,504 | -€8,503 | €13,334 | €9,790 | €19,415 | €25,604 | €10,261 | ▼ 59.9% |
| Financial income75/76B | - | - | - | €3 | - | €89 | €223 | €264 | ▲ 18.5% |
| Recurring financial income75 | €14 | €18 | €43 | €3 | - | €89 | €223 | €264 | ▲ 18.5% |
| Financial charges65/66B | - | - | - | €629 | €726 | €786 | €2,345 | €2,660 | ▲ 13.4% |
| Recurring financial charges65 | €2,088 | €1,954 | €294 | €629 | €726 | €786 | €2,345 | €2,660 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €4,260 | -€5,440 | -€8,754 | €12,708 | €9,064 | €18,717 | €23,481 | €7,865 | ▼ 66.5% |
| Income taxes67/77 | €422 | €361 | €317 | €99 | - | €2,445 | €6,610 | €2,361 | ▼ 64.3% |
| Profit (loss) for the period9904 | €3,838 | -€5,801 | -€9,071 | €12,609 | €9,064 | €16,272 | €16,871 | €5,504 | ▼ 67.4% |
| Profit (loss) for the period to be appropriated9905 | €3,838 | -€5,801 | -€9,071 | €12,609 | €9,064 | €16,272 | €16,871 | €5,504 | ▼ 67.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €65,236 | €45,431 | €47,062 | €109,888 | €119,496 | €108,584 | €128,072 | €128,321 | ▲ 0.2% |
| Fixed assets21/28 | €16,824 | €5,700 | €8,077 | €59,991 | €49,944 | €44,206 | €38,530 | €19,734 | ▼ 48.8% |
| Tangible fixed assets22/27 | €16,824 | €5,700 | €8,077 | €59,991 | €49,944 | €44,206 | €38,530 | €19,734 | ▼ 48.8% |
| Plant, machinery and equipment23 | - | - | - | €7,775 | €9,876 | €14,596 | €21,424 | €15,131 | ▼ 29.4% |
| Furniture and vehicles24 | - | - | - | €52,216 | €40,068 | €29,610 | €17,106 | €4,602 | ▼ 73.1% |
| Current assets29/58 | €48,412 | €39,731 | €38,985 | €49,897 | €69,552 | €64,379 | €89,542 | €108,587 | ▲ 21.3% |
| Amounts receivable within one year40/41 | €761 | €10,096 | €6,402 | €8,515 | €30,980 | €14,026 | €34,001 | €20,068 | ▼ 41.0% |
| Trade receivables40 | - | - | - | €2,432 | €30,980 | €5,303 | €22,141 | €2,658 | ▼ 88.0% |
| Other amounts receivable41 | - | - | - | €6,083 | - | €8,723 | €11,860 | €17,411 | ▲ 46.8% |
| Current investments50/53 | €17,518 | €25,032 | €20,056 | €12,059 | €32,059 | €49,619 | €40,551 | €85,039 | ▲ 110% |
| Cash at bank and in hand54/58 | €30,133 | €4,603 | €12,527 | €29,323 | €6,514 | €524 | €14,809 | €3,277 | ▼ 77.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €209 | €181 | €203 | ▲ 11.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €65,236 | €45,431 | €47,062 | €109,888 | €119,496 | €108,584 | €128,072 | €128,321 | ▲ 0.2% |
| Equity10/15 | €15,107 | €9,306 | €235 | €12,844 | €21,907 | €38,180 | €55,051 | €60,555 | ▲ 10.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €10,018 | €10,018 | €10,018 | €10,018 | €10,018 | €19,580 | €36,451 | €41,955 | ▲ 15.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €8,158 | €8,158 | €19,580 | €36,451 | €41,955 | ▲ 15.1% |
| Profit (loss) carried forward14 | -€13,511 | -€19,312 | -€28,383 | -€15,774 | -€6,711 | - | - | - | - |
| Amounts payable17/49 | €50,129 | €36,125 | €46,827 | €97,044 | €97,589 | €70,404 | €73,021 | €67,766 | ▼ 7.2% |
| Amounts payable after more than one year17 | €4,167 | - | €38,735 | €82,405 | €73,003 | €46,174 | €47,551 | €45,437 | ▼ 4.4% |
| Financial debts170/4 | - | - | - | €82,405 | €73,003 | €46,174 | €47,551 | €45,437 | ▼ 4.4% |
| Amounts payable within one year42/48 | €45,962 | €36,125 | €8,092 | €14,639 | €24,586 | €24,231 | €25,470 | €22,329 | ▼ 12.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,440 | €9,545 | €9,652 | €9,761 | €4,921 | ▼ 49.6% |
| Trade debts44 | €8,900 | €1,426 | €5,201 | €3,453 | €3,584 | €3,705 | €6,670 | €3,739 | ▼ 43.9% |
| Suppliers440/4 | - | - | - | €3,453 | €3,584 | €3,705 | €6,670 | €3,739 | ▼ 43.9% |
| Taxes, remuneration and social security45 | - | - | - | €1,746 | €11,456 | €10,873 | €9,039 | €13,306 | ▲ 47.2% |
| Taxes450/3 | - | - | - | €1,746 | €11,456 | €9,240 | €9,039 | €13,306 | ▲ 47.2% |
| Remuneration and social security454/9 | - | - | - | - | - | €1,633 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €363 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,838 | -€5,801 | -€9,071 | €12,609 | €9,064 | €16,272 | €16,871 | €5,504 | ▼ 67.4% |
| + Depreciation and write-downs630 | €14,111 | €14,169 | €3,518 | €13,751 | €17,526 | €18,067 | €18,494 | €19,667 | ▲ 6.3% |
| Operating cash flow (approximation) | €17,949 | €8,368 | -€5,553 | €26,360 | €26,591 | €34,340 | €35,365 | €25,171 | ▼ 28.8% |
| Investment in fixed assets (approximation) | - | -€3,045 | -€5,895 | -€65,665 | -€7,480 | -€12,329 | -€12,818 | -€871 | ▲ 93.2% |
| Change in cash | - | -€25,530 | €7,924 | €16,796 | -€22,809 | -€5,989 | €14,284 | -€11,531 | - |
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, 17,041 companies had the same profile as XIDA has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of XIDA itself: 0.1% 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 17,041 companies, not a prediction for XIDA. 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.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00242479 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00210289 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00222732 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00192659 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20148317 | |
| 31-12-2020 | micro format | 16-08-2021 | 2021-48900103 | |
| 31-12-2019 | micro format | 19-08-2020 | 2020-42900477 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-49700045 | |
| 31-12-2017 | micro format | 06-07-2018 | 2018-29700314 | |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29100533 |