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XL SERVICESTATIONS

Active
Public limited companyfounded 2011active for 14 yearsVredestraat 53, 8790 Waregem, Belgium141 active companies are registered at this addressKBO/BCE: BE 0840.931.701
Summary

XL SERVICESTATIONS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.8m and a net result of €12.9m. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 33% of 6,139 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
XL SERVICESTATIONSActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Wholesale of solid, liquid and gaseous fuels and related products
NACE 46810
8th largest company by total assets in Waregem, Wholesale and retail trade sector148 sites
Size
€508.6mturnover 2025
Equity
€17.8m
Profit
€12.9m
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
G & V ENERGY GROUP · 100%
Holdings
2
Auditor: FIGURAD BEDRIJFSREVISOREN2025 accounts 16 days early7 of 20 deeds summarised
Why 84raises riskLiquidity: current ratio 0.78, cash €150,9081 of the last 3 latelowers riskSize: turnover €508.6m, total assets €60.6mFounded in 2011Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 41% of its sector peers (NACE 46, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 54-19
equity 29.4% of total assets
Liquidity 15-13
short-term debt 66.6% · cash 0.2%
Profitability 76+2
return on assets 21.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (132 companies, NACE 46, large)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.2 percentage points vs 07-2025 09-2025: 1.1%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 0.8%▼ -0.3 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 1.0%▲ +0.2 percentage points vs 04-2026 06-2026: 0.3%▼ -0.7 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €1,450,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.78, compared with 1.22 in 2024, below 1; short-term debt: 66.6% and cash: 0.2% of total assets), and 70.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, large): better than 39% on solvency, 21% on liquidity, 87% on profitability and 17% on growth.

The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.78, cash €150,908
NBB · annual accounts
lowers risk · Size: turnover €508.6m, total assets €60.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
16 days early
2024
41 days late
2023
20 days early
2022
25 days early
2021
54 days late
2020
31 days late
2019
56 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 July (4 of the last 5 filed years within 57 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointment: Nathalie Vervaeke (director)Reappointments: QDC-Governance (director) and GREEN…
  2. Annual accounts filedfinancial year 2025 · full…
  3. Capital & shares · Resignations &…Real estate · Demerger ·…

Key points

  • Positive: Among the best 5% on net resultsector median €112,347 · 6,074 companies €12.9m View
  • Board changedlatest change 28-09-2026 · 3 in office 1 joined · 2 left View
  • Positive: 8 profitable years in a rowprofit 2025: €12.9m 8 years View
  • Controlled by G & V ENERGY… 100% View
  • Branch taken over from BV KARL VANDER STICHELEtakeover on 11-06-2026 2026 View
  • Flemish supportawarded from 2022 to 2025 €2.1m View
  • Caution: Equity fell in 2025from €26.4m to €17.8m ▼ 32.6% View

By topic

Financials

Financial year
2025
Turnover
€508.6m
Profit
€12.9m
Solvency
29.4%
Turnover▼ 4.3%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
G & V ENERGY… · 100%
Auditor
FIGURAD BEDRIJFSREVISOREN
  • Nathalie VervaekeDirector
  • GREEN HILL COMPANYManaging director
  • QDC-GovernanceDirector
Go to Board & ownership

Network & group

Holdings
2
Connected companies
17
Mergers and asset contributions
3

2 holdings

Go to Network & group

Timeline

Events
27
Since
2013
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2018 to 2025
  2. 18-11-2025Restructuring
  3. 10-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
148
Legal form
Public limited company
Activity
Wholesale of solid, liquid and gaseous fuels and…NACE 46810
Founded
03-11-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
19
Annual meeting
Third Wednesday of June at 08:00
Purpose
“Bijzondere bepalingen; De vennootschap mag alle verrichtingen stellen van commerciële…” (deed in Dutch)
Go to Articles of association

Key facts about XL SERVICESTATIONS

What is the company number of XL SERVICESTATIONS?
0840.931.701. In Belgium the VAT number is the company number with BE in front: BE 0840.931.701.
Where is XL SERVICESTATIONS based?
The registered office is at Vredestraat 53, 8790 Waregem.Company details
What does XL SERVICESTATIONS do?
According to the KBO register, the main activity is wholesale of solid, liquid and gaseous fuels and related products (NACE 46810).
What is the legal form of XL SERVICESTATIONS?
Public limited company (NV).
When was XL SERVICESTATIONS founded?
On 03-11-2011.
Is XL SERVICESTATIONS still active?
Yes, XL SERVICESTATIONS is an active enterprise in the KBO register.
What is the turnover of XL SERVICESTATIONS?
€508.6m in financial year 2025, according to the filed annual accounts.Financials
Is XL SERVICESTATIONS profitable?
In financial year 2025, XL SERVICESTATIONS made a profit of €12.9m.
Where can I find the annual accounts of XL SERVICESTATIONS?
XL SERVICESTATIONS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of XL SERVICESTATIONS due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to XL SERVICESTATIONS

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies Which other companies belong to the same group?G & V ENERGY GROUP · 8 companies

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