XL REAL ESTATE
ActiveSummary
XL REAL ESTATE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €43k. Equity is shrinking by ~14.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability90▼-10
Solvency35▲+15
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.13 in 2024; short-term debt: 44.3% and cash: 13.5% of total assets), and 89.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
10.4%
Return on assets
17.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
35 d late
2023
96 d late
2022
50 d late
2021
31 d late
2020
122 d late
2019
178 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€26k
2024 · €-17k
2018: €73k
2019: €81k
2020: €66k
2021: €74k
2022: €-225k
2023: €-110k
2024: €-17k
2018 → 2025
Total assets
€252k▼ 18.4%
2024 · €308k
2018: €238k
2019: €205k
2020: €348k
2021: €357k
2022: €50k
2023: €233k
2024: €308k
2018 → 2025
Net result
€43k▼ 53.9%
2024 · €93k
2018: €7k
2019: €9k
2020: €-15k
2021: €8k
2022: €-299k
2023: €115k
2024: €93k
2018 → 2025
Working capital
€12k▼ 46.7%
2024 · €22k
2018: €130k
2019: €107k
2020: €105k
2021: €246k
2022: €-53k
2023: €-15k
2024: €22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€74k-€-225k€-110k▲ 51.1%€-17k▲ 84.8%€26k
Operating result€8k-€-288k€161k€135k▼ 16.2%€60k▼ 55.4%
Net result€8k-€-299k€115k€93k▼ 18.9%€43k▼ 53.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €252k
Fixed assets
€129k ▲ 6.9%
Current assets
€123k ▼ 34.5%
Equity and liabilities €252k
Equity
€26k
Debt
€226k
Debt finances 89.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€71k▼
2024 · €140k
Cash flow
€54k▼
2024 · €98k
Current ratio
1.10▼
2024 · 1.13
Debt to equity
8.58▲
2024 · -19.44
ROE
163.6%
ROA
17.1%▼
2024 · 30.3%
Interest coverage
12.86▼
2024 · 19.59
Debt ≤ 1 year
€111k▼
2024 · €166k
Debt > 1 year
€60k▼
2024 · €99k
Income taxes
€11k▼
2024 · €35k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€308k€252k▼
Fixed assets21/28€120k€129k▲
Tangible fixed assets22/27€120k€129k▲
Land and buildings22€100k€111k▲
Plant, machinery and equipment23€20k€15k▼
Furniture and vehicles24€361€3k▲
Current assets29/58€188k€123k▼
Amounts receivable within one year40/41€138k€82k▼
Trade receivables40€6k€10k▲
Other amounts receivable41€132k€72k▼
Cash at bank and in hand54/58€41k€34k▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€308k€252k▼
Equity10/15€-17k€26k▲
Contributions10/11€62k€62k=
Capital10-€62k
Issued capital100-€62k
Outside capital11€62k-
Other1109/19€62k-
Profit (loss) carried forward14€-79k€-36k▲
Amounts payable17/49€325k€226k▼
Amounts payable after more than one year17€99k€60k▼
Financial debts170/4€99k€60k▼
Amounts payable within one year42/48€166k€111k▼
Current portion of amounts payable after more than one year42€60k€39k▼
Trade debts44€30k€19k▼
Suppliers440/4€30k€19k▼
Taxes, remuneration and social security45€76k€51k▼
Taxes450/3€76k€51k▼
Other amounts payable47/48€0€2k▲
Accrued charges and deferred income492/3€60k€54k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Other operating charges640/8€57k€54k▼
Gross operating margin9900€197k€125k▼
Operating profit (loss)9901€135k€60k▼
Financial income75/76B€1k€0▼
Recurring financial income75€1k€0▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€129k€55k▼
Income taxes67/77€35k€11k▼
Profit (loss) for the period9904€93k€43k▼
Profit (loss) for the period to be appropriated9905€93k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-79k€-36k▲
Profit (loss) brought forward from the previous period14P€-172k€-79k▲
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Back to profitnet €115k
Net result €115k after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-12
Financial
Weakest financial yearnet €-299k ▼4030%
Net result drops to €-299k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.71
Current ratio from 1.54 to 4.71; short-term debt falls from €196k to €66k.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 178 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 440 days late
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 62 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Elsene · 1 establishment unit since 1987
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.
Collegestraat 271050 ElseneGround area
899 m²
Building footprint
845 m²
Volume, LiDAR
9,309 m³
Parcel 21442A0140/00G006, Brussels · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Collegestraat 27, 1050 Elsene
since 19872.030.446.857
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0140/00G006 | Brussels | 899 m² | 1 · 845 m² | 15.5 m · 4 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.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded07-09-1987
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.