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XL PROJECTS

Active
Private limited companyfounded 2011active for 15 yearsWitteramsdal 104, 1730 Asse, BelgiumKBO/BCE: BE 0834.070.435

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

XL PROJECTS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30,387 and a net result of €259,195. Equity has been shrinking by about 8.7% per year since 2019. Its solvency ranks better than 12% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Official details

KBO
Status
Active since 25-02-2011 Normal situation
Activity
Plastering work NACE 43310and 2 others
Establishment unit
2.196.676.747 1730 Asse, since 15-03-2011
Financial year end
30 September
Peppol
Reachable since 19-12-2025

Board and ownership

Board
  • GRADISTEANU DANDirector

Financial position

89 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts to 30-09-2025
Gross margin
€376,846
▲ 257%
Turnover
≈ €1.1m
estimated
Profit
€259,195
▲ 299%
Equity
€30,387
▲ 25.6%
Total assets
€496,411
▲ 117%
Filed on 31-03-2026, 30 days before the deadlinePDF
Score breakdownraises riskEquity €30,387 (6.1% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 1.00, cash €337,543Size: total assets €496,411Show the evidence

Checked score

Score 2025
89 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 31-5
equity 6.1% of total assets
Liquidity 51+11
short-term debt 88.2% · cash 68.0%
Profitability 100=
return on assets 52.2%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.3 percentage points vs 04-2025highest value 06-2025: 0.4%▼ -0.2 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.2%▼ -0.2 percentage points vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 1.0 (0.92 in 2024), below 1. Short-term debt is 88.2% and cash 68% of total assets. 93.9% of the assets are financed with debt and provisions.
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 43, micro). It does better than 11% of them on solvency, 46% on liquidity, 92% on profitability and 72% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Equity €30,387 (6.1% of total assets)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Liquidity: current ratio 1.00, cash €337,543
NBB · annual accounts
lowers risk · Size: total assets €496,411
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 34902 sector peers (2025).
NBB · sector comparison
Position among 34902 sector peers
Solvency
better than 12%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
on the day
2023
on the day
2022
2 days late
2021
1 day early
2020
on the day
2019
on the day
← 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 4 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end01-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Result rose in 2025from €64,963 to €259,195 ▲ 299% View
  • Caution: Lower solvency than 88% of companies in specialised constructionsector median 46.7% · 34,902 companies 6.1% View
  • Positive: 7 profitable years in a rowprofit 2025: €259,195 7 years View

Comparable companies

These companies have the same main activity as XL PROJECTS: plastering work (NACE 43310). They are comparable in size and age: total assets between €446,000 and €527,000, founded between 2008 and 2012.

CompanyTotal assetsGross margin
XL PROJECTS Asse€496,411€376,846
F & A CONSTRUCT AMOVIBLE Halle€446,426€397,750
LUSOGYP Silly€471,005€374,758
CONCEPT PLUS Zelzate€451,061€385,465
WG RENOVATIES Bornem€526,558€385,726
Het Leemniscaat Zoersel€522,616€363,354
STEVEN VAN GIEL Essen€470,051€302,023
Full comparison

Documents

Annual accounts at the NBB

All 14 annual accounts

Articles and registers

Key facts about XL PROJECTS

What is the company number of XL PROJECTS?
The company number of XL PROJECTS is 0834.070.435. The VAT number is the same number with BE in front: BE 0834.070.435.
Where is XL PROJECTS based?
The registered office is at Witteramsdal 104, 1730 Asse.Company details
What does XL PROJECTS do?
According to the KBO register, the main activity is plastering work (NACE 43310).
What is the legal form of XL PROJECTS?
The legal form of XL PROJECTS is Private limited company (BV).
When was XL PROJECTS founded?
XL PROJECTS was founded on 25-02-2011.
Is XL PROJECTS still active?
Yes, XL PROJECTS is an active enterprise in the KBO register.
What is the turnover of XL PROJECTS?
The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €376,846 and 61 comparable companies (NACE 433). It probably lies between €790,000 and €1.4m.Financials
Is XL PROJECTS profitable?
In financial year 2025, XL PROJECTS made a profit of €259,195.
Where can I find the annual accounts of XL PROJECTS?
XL PROJECTS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of XL PROJECTS due?
XL PROJECTS must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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