XL
ActiveXL has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €535k and a net result of €66k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 24% of 9017 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
66
/ 100
Healthy▲ +12 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▲+33
Solvency26=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.13 in 2023), and 79.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9017 sector peers (2024).
NBB · sector comparisonPosition among 9017 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
29 d late
2022
31 d early
2021
24 d late
2020
45 d early
2019
42 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€535k▲ 7.5%
2023 · €497k
2018: €447k
2019: €466k
2020: €533k
2021: €521k
2022: €488k
2023: €497k
2018 → 2024
Total assets
€2.66M▼ 4.9%
2023 · €2.80M
2018: €3.07M
2019: €2.98M
2020: €2.96M
2021: €2.97M
2022: €2.83M
2023: €2.80M
2018 → 2024
Net result
€66k▲ 129%
2023 · €29k
2018: €29k
2019: €19k
2020: €163k
2021: €79k
2022: €13k
2023: €29k
2018 → 2024
Working capital
€48k▼ 52.6%
2023 · €101k
2018: €300k
2019: €245k
2020: €348k
2021: €250k
2022: €135k
2023: €101k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€533k-€521k▼ 2.4%€488k▼ 6.2%€497k▲ 1.8%€535k▲ 7.5%
Operating result€293k-€169k▼ 42.5%€103k▼ 38.9%€121k▲ 16.8%€185k▲ 53.1%
Net result€163k-€79k▼ 51.5%€13k▼ 83.8%€29k▲ 125%€66k▲ 129%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 53% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.66M
Fixed assets
€1.83M▼ 4.3%
Current assets
€834k▼ 6.2%
Equity and liabilities €2.66M
Equity
€535k▲ 7.5%
Debt
€2.13M▼ 7.6%
The debt ratio falls from 82.2% to 79.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€285k▲
2023 · €222k
Cash flow
€166k▲
2023 · €131k
Solvency
20.1%▲
2023 · 17.8%
Current ratio
1.06▼
2023 · 1.13
Quick ratio
0.38▲
2023 · 0.27
Debt / equity
3.98▼
2023 · 4.63
ROE
12.4%▲
2023 · 5.8%
ROA
2.5%▲
2023 · 1.0%
Interest coverage
3.29▲
2023 · 2.60
Debt
€2.13M▼
2023 · €2.30M
Debt ≤ 1 year
€786k▼
2023 · €788k
Debt > 1 year
€1.34M▼
2023 · €1.50M
Income taxes
€39k▲
2023 · €19k
Staff costs
€254k▲
2023 · €241k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.80M€2.66M▼
Fixed assets21/28€1.91M€1.83M▼
Tangible fixed assets22/27€1.91M€1.83M▼
Land and buildings22€1.87M€1.79M▼
Plant, machinery and equipment23€15k€17k▲
Furniture and vehicles24€20k€9k▼
Other tangible fixed assets26€9k€9k▲
Current assets29/58€889k€834k▼
Stocks and contracts in progress3€677k€532k▼
Stocks30/36€677k€532k▼
Amounts receivable within one year40/41€50k€64k▲
Trade receivables40€50k€64k▲
Cash at bank and in hand54/58€123k€208k▲
Deferred charges and accrued income490/1€38k€30k▼
Equity and liabilities
Total equity and liabilities10/49€2.80M€2.66M▼
Equity10/15€497k€535k▲
Contributions10/11€170k€170k=
Reserves13€327k€365k▲
Distributable reserves133€327k€365k▲
Amounts payable17/49€2.30M€2.13M▼
Amounts payable after more than one year17€1.50M€1.34M▼
Financial debts170/4€1.50M€1.34M▼
Amounts payable within one year42/48€788k€786k▼
Current portion of amounts payable after more than one year42€149k€148k▼
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€35k€30k▼
Suppliers440/4€35k€30k▼
Taxes, remuneration and social security45€39k€55k▲
Taxes450/3€27k€40k▲
Remuneration and social security454/9€12k€15k▲
Other amounts payable47/48€65k€53k▼
Accrued charges and deferred income492/3€15k-
Income statement
Code20232024
Non-recurring operating income76A€8k€6k▼
Remuneration, social security and pensions62€241k€254k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€102k€100k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k-
Other operating charges640/8€21k€22k▲
Gross operating margin9900€503k€560k▲
Operating profit (loss)9901€121k€185k▲
Financial income75/76B€12k€8k▼
Recurring financial income75€12k€8k▼
Financial charges65/66B€86k€87k▲
Recurring financial charges65€86k€87k▲
Profit (loss) for the period before taxes9903€47k€106k▲
Income taxes67/77€19k€39k▲
Profit (loss) for the period9904€29k€66k▲
Profit (loss) for the period to be appropriated9905€29k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€29k€66k▲
Transfer from equity791/2€20k€29k▲
Transfer to equity691/2€29k€66k▲
To other reserves6921€29k€66k▲
Profit to be distributed694/7€20k€29k▲
Return on contributions (dividend)694€20k€29k▲
Social balance
Average headcount (FTE)90874.94.6▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €535k ▲7.5%
7 profitable years in a row build equity to €535k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €13k ▼83.8%
Net result drops to €13k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €163k ▲774%
Operating result €293k, net result €163k, both a record.
31-12
Financial
Equity above €500kEq €533k ▲14.4%
3 profitable years in a row build equity to €533k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wijnegem · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Simon De Heuvellaan 12110 WijnegemGround area
5,008 m²
Building footprint
2,332 m²
Volume, LiDAR
22,250 m³
Parcel 11050A0152/00A000, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
XL
since 19972.080.686.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11050A0152/00A000 | Flanders | 5,008 m² | 1 · 2,332 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 2025 · 7 entries · 82,493 EUR awarded · 77,493 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 20,000 EUR | 20,000 EUR |
| 2024 | 2 | 15,228 EUR | 10,228 EUR |
| 2023 | 2 | 35,849 EUR | 40,849 EUR |
| 2022 | 2 | 11,416 EUR | 6,416 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
5493005SI6CHVF0HU084
Similar companies · same sector, comparable size
Burkert Belgium
BE 0400.131.532
Antwerpen · Eq €536k
BERT
BE 0414.532.270
Gent · Eq €539k
Gastropack
BE 0771.763.474
Keerbergen · Eq €530k
DONOVIC
BE 0479.135.458
Brugge · Eq €539k
SOLDERIE JOS
BE 0464.144.010
Rochefort · Eq €529k
Of 1,163 companies in sector 46499 we hold annual accounts for 737. 536 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-02-1997
Fiscal year end31-12
Activities, NACEBEL
46499Wholesale of other household goods
46900Non-specialised wholesale trade
51478
51900
47120Other non-specialised retail sale
47191Retail trade
52122
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.