XL PROJECTS
ActiveXL PROJECTS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €259k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency31▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.92 in 2024; short-term debt: 88.2% and cash: 68% of total assets), and 93.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.1%
Return on assets
52.2%
Age of the figures
12 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 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 filingsDeviation from the deadline
2025
30 d early
2024
on the day
2023
on the day
2022
2 d late
2021
1 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▲ 25.6%
2024 · €24k
2018: €11k
2019: €17k
2020: €61k
2021: €46k
2022: €48k
2023: €45k
2024: €24k
2018 → 2025
Total assets
€496k▲ 117%
2024 · €229k
2018: €117k
2019: €101k
2020: €183k
2021: €256k
2022: €225k
2023: €206k
2024: €229k
2018 → 2025
Net result
€259k▲ 299%
2024 · €65k
2018: €60k
2019: €5k
2020: €64k
2021: €45k
2022: €69k
2023: €65k
2024: €65k
2018 → 2025
Working capital
€-448▲ 96.6%
2024 · €-13k
2018: €-15k
2019: €-23k
2020: €6k
2021: €7k
2022: €31k
2023: €40k
2024: €-13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€48k▲ 3.2%€45k▼ 5.5%€24k▼ 46.2%€30k▲ 25.6%
Operating result€55k-€83k▲ 50.4%€90k▲ 7.7%€85k▼ 5.1%€357k▲ 319%
Net result€45k-€69k▲ 54.4%€65k▼ 5.8%€65k▼ 0.7%€259k▲ 299%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 319% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €496k
Fixed assets
€59k▼ 24.0%
Current assets
€437k▲ 189%
Equity and liabilities €496k
Equity
€30k▲ 25.6%
Debt
€466k▲ 127%
The debt ratio rises from 89.4% to 93.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€376k▲
2024 · €103k
Cash flow
€278k▲
2024 · €83k
Solvency
6.1%▼
2024 · 10.6%
Current ratio
1.00▲
2024 · 0.92
Quick ratio
1.00▲
2024 · 0.92
Debt / equity
15.34▲
2024 · 8.47
ROE
853.0%▲
2024 · 268.5%
ROA
52.2%▲
2024 · 28.3%
Interest coverage
47.32▲
2024 · 22.26
Debt
€466k▲
2024 · €205k
Debt ≤ 1 year
€438k▲
2024 · €165k
Debt > 1 year
€28k▼
2024 · €40k
Income taxes
€90k▲
2024 · €16k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€229k€496k▲
Fixed assets21/28€78k€59k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€74k€55k▼
Plant, machinery and equipment23€568€318▼
Furniture and vehicles24€74k€55k▼
Financial fixed assets28€4k€4k=
Current assets29/58€152k€437k▲
Amounts receivable within one year40/41€99k€100k▲
Trade receivables40€74k€97k▲
Other amounts receivable41€25k€3k▼
Cash at bank and in hand54/58€53k€338k▲
Deferred charges and accrued income490/1€211-
Equity and liabilities
Total equity and liabilities10/49€229k€496k▲
Equity10/15€24k€30k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€16k€22k▲
Amounts payable17/49€205k€466k▲
Amounts payable after more than one year17€40k€28k▼
Financial debts170/4€40k€28k▼
Amounts payable within one year42/48€165k€438k▲
Current portion of amounts payable after more than one year42€12k€13k▲
Financial debts43€482-
Credit institutions430/8€482-
Trade debts44€46k€77k▲
Suppliers440/4€46k€77k▲
Taxes, remuneration and social security45€21k€90k▲
Taxes450/3€21k€90k▲
Other amounts payable47/48€86k€258k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€106k€377k▲
Operating profit (loss)9901€85k€357k▲
Financial income75/76B€356€5▼
Recurring financial income75€356€5▼
Financial charges65/66B€5k€8k▲
Recurring financial charges65€5k€8k▲
Profit (loss) for the period before taxes9903€81k€349k▲
Income taxes67/77€16k€90k▲
Profit (loss) for the period9904€65k€259k▲
Profit (loss) for the period to be appropriated9905€65k€259k▲
Appropriation of the result
Profit (loss) to be appropriated9906€102k€275k▲
Profit (loss) brought forward from the previous period14P€37k€16k▼
Profit to be distributed694/7€86k€253k▲
Return on contributions (dividend)694€86k€253k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €259k ▲299%
Operating result €357k, net result €259k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €5k ▼91%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Asse · 1 establishment unit since 2011
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.
Witteramsdal 1041730 AsseGround area
1,986 m²
Building footprint
303 m²
Volume, LiDAR
1,742 m³
Parcel 23002F0273/00C000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XL PROJECTS SCRL
since 20112.196.676.747
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23002F0273/00C000 | Flanders | 1,986 m² | 1 · 303 m² | 8.3 m · 2 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.
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KARAKAS PLEISTERWERKEN
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Of 4,011 companies in sector 43310 we hold annual accounts for 1,746. 1,458 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2011
Fiscal year end30-09
Activities, NACEBEL
43310Plastering work
43230Insulation installation
43291Specialised construction activities
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:tamox90@yahoo.com