XL FINANCES

Judicial reorganisation

Private limited companyfounded 2002active for 24 yearsWaterloosesteenweg 1135, 1180 Ukkel, Belgium66 active companies are registered at this addressKBO/BCE: BE 0477.060.846

Summary

The file of XL FINANCES contains 1 judicial reorganisation, as published in the Belgian Official Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €7.8m and a net result of €943,969. Equity is shrinking by about 11% per year across the filed financial years.

Risk analysisFollow Report Compare

XL FINANCESJudicial reorganisationChecked score 24/100

Risk analysis Report Compare

Are you a creditor?

Judicial reorganisation Source: Belgian Official Gazette

Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.

The procedure

Court: French-language Enterprise Court of Brussels
Official Gazette: 22-07-2026 (pdf) ↗search the document for 2026/130956

What to do now

Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
How you are paid depends on the track: an amicable settlement, a collective agreement with a plan the creditors vote on, or a transfer. The judgment and RegSol say which.
What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
The file is in RegSol, where you can read the documents of the procedure.

Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.

View the file in RegSol ↗ Follow Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.

General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company

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Activity

“1. d’achat, vente, échange d’immeubles, constitution ou cession de droits réels immobiliers, mise en…” (deed in French)

From the articles, 3 activitiesNo NACE code in the KBO yet1 site

Size

€16.4mtotal assets 2024

Equity: €7.8m
Profit: €943,969

Financial health

24 Critical Checked score 2024

Reorganisation running: about 1 in 4 bankrupt within the year

Structure

Parent: LOUISE VILLAGE SA · 99.5%
Holdings: 1

Auditor: DELVAUX WILMET ASSOCIES SRLAccounts 80 days overdue2 of 11 deeds read

Signalsraises riskIn judicial reorganisationAnnual accounts not filedFiled more than 90 days lateShow the evidence

Checked score

Score 2024

24 / 100

Critical

Without a bankruptcy probability: score from the figures alone

An ongoing judicial reorganisation from the Belgian Official Gazette caps the score at 24. Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 73=

equity 47.5% of total assets

Liquidity 39-11

short-term debt 28.2% · cash 0.0%

Profitability 52-48

return on assets 5.8%

Bankruptcy probability, 12 months

Judicial reorganisation

About 1 in 4 comparable companies went bankrupt within the year

A judicial reorganisation is open: we then compute no probability from the figures. Measured over every Belgian company in an open or failed reorganisation: 25% to 26% bankrupt within twelve months (2024 and 2025).

No credit on open account during an ongoing judicial reorganisation

Liquidity ample (current ratio 1.9, compared with 36.7 in 2023, above the usual 1.5; short-term debt: 28.2% and cash: 0% of total assets), but 52.5% of the assets are financed with debt and provisions.

Signals

Three signals.

raises risk

In judicial reorganisation

Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.

Belgian Official Gazette

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 80 days later.

NBB · 9 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline19-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-12-2025, 144 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 9 filings

Deviation from the deadline

2025

not filed

2024

144 days late

2023

152 days late

2022

1 day late

2021

135 days late

2020

24 days late

2019

122 days late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 96 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-07-2026 Court officer appointedFrench-language Enterprise Court of Brussels
22-12-2025 Annual accounts filedfinancial year 2024 · full…
03-10-2025 Appointments: DELVAUX, WILMET & ASSOCIES SRL…Resignation: DELVAUX, WILMET & ASSOCIES…

Key points

Risk: In judicial reorganisationtrustee not known 22-07-2026 View
Caution: Result fell in 2024from €3.6m to €943,969 ▼ 73.6% View
Caution: Accounts not fileddeadline was 31-07-2026 80 days late View
Controlled by LOUISE VILLAGE SAultimately: SOCIETE DE GESTION FINANCIERE… 99.5% View