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.
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 ↗
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Overview
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
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
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. There is no bankruptcy probability for this company, so the score rests on the figures alone.
24/ 100
Critical
Without a bankruptcy probability: score from the figures alone
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. Without a bankruptcy probability, this company's Checked score rests on these figures.
Average
Solvency73=
equity 47.5% of total assets
Liquidity39-11
short-term debt 28.2% · cash 0.0%
Profitability52-48
return on assets 5.8%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
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
raises risk · In judicial reorganisation
Ongoing procedure under court protection (Book XX of the Code of Economic Law). The company is restructuring.
31-12-2025 year end31-07-2026 deadline19-10-2026 today
raises risk · 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.
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)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
Court officer appointedFrench-language Enterprise Court of Brussels