XL SERVICES

Active

Cooperative companyfounded 200620 yrs activeMarie-Joséplein 6, 1050 Elsene, BelgiumKBO/BCE: BE 0880.392.982

Summary

The computed 12-month bankruptcy probability of XL SERVICES is 17.3% (high). For XL SERVICES, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €181,901 and a net result of -€92,551. Equity is shrinking by ~24.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2024. The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

XL SERVICESActive

Risk analysis Report Compare

Activity

Activity not known

Size

€363,951total assets 2021

Equity: €181,901
Loss: -€92,551

Financial health

Bankruptcy chance 12 m: 17.3%

2021 figures too old to score

Structure

Accounts 1162 d overdue0 of 4 deeds read

Signals- Figures for FY 2021 (filed 26-04-2023)- 3 financial years not filed after the legal deadline; latest accounts 267 days late; 3 of the last 3 late- No establishment unit in the KBO- Two or more financial years not filed- Filed more than 90 days late+ Size: total assets €363,951Show the evidence

Checked score

No current score

Figures too old

The available figures for FY 2021 are too old to assess current financial health.

Bankruptcy probability: High

Filing: At least two filing cycles are missing

Financial strength, FY 2021 · tick = 2020

Weak

Solvency 75-23

equity 50.0% of total assets

Liquidity 43-17

short-term debt 49.5% · cash 14.4%

Profitability 0=

return on assets -25.4%

Bankruptcy probability, 12 months

17.3% High

0%0.5%1.5%4%10%≥ 25%

About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 23.5%highest value 12-2024: 23.5%● 0.0% vs 11-2024highest value 01-2025: 23.5%● 0.0% vs 12-2024highest value 02-2025: 23.5%● 0.0% vs 01-2025highest value 03-2025: 23.4%▼ -0.5% vs 02-2025 04-2025: 16.4%▼ -29.9% vs 03-2025lowest value 05-2025: 18.2%▲ +10.8% vs 04-2025 06-2025: 18.2%● 0.0% vs 05-2025 07-2025: 18.2%● 0.0% vs 06-2025 08-2025: 17.2%▼ -5.2% vs 07-2025 09-2025: 17.2%● 0.0% vs 08-2025 10-2025: 17.2%● 0.0% vs 09-2025 11-2025: 17.2%● 0.0% vs 10-2025 12-2025: 17.2%● 0.0% vs 11-2025 01-2026: 17.2%● 0.0% vs 12-2025 02-2026: 17.2%● 0.0% vs 01-2026 03-2026: 17.2%● 0.0% vs 02-2026 04-2026: 17.2%● 0.0% vs 03-2026 05-2026: 17.3%▲ +0.2% vs 04-2026 06-2026: 17.3%● 0.0% vs 05-2026 07-2026: 17.3%● 0.0% vs 06-2026 08-2026: 17.3%● 0.0% vs 07-2026 09-2026: 17.3%● 0.0% vs 08-2026 10-2026: 17.3%● 0.0% vs 09-2026

Figures for FY 2021 (filed 26-04-2023) raises the probability
3 financial years not filed after the legal deadline; latest accounts 267 days late; 3 of the last 3 late raises the probability
No establishment unit in the KBO raises the probability
Size: total assets €363,951 lowers the probability for this profile

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Figures for FY 2021 (filed 26-04-2023)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

3 financial years not filed after the legal deadline; latest accounts 267 days late; 3 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

No establishment unit in the KBO

In the bankruptcy model this factor raises the probability.

KBO · seat and establishments

Size: total assets €363,951

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Two or more financial years not filed

Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2022 close31-07-2023 deadline05-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 24-04-2023, 267 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

267 d late

2020

482 d late

2019

91 d late

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 3 accounts on average 280 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage