Equity
€16,533 from €55,947 in 2022
Equity fell by 70% in 3 years.
XL Training
Lifetime
9 annual accounts with figures on one time axispeak €36,164 (2024)
€22,969▼ 36.5%
lowest -€48,159 (2023)
€8,669▲ 114×
peak €55,947 (2022)
€16,533▲ 110%
€183,698▼ 19.2%
Board4 names since 2018
2 directorsDEBAGO and 1 other
Owners
Documentsfilings and deeds
28-07-20263 days before the deadline
2025micro format
Gross margin from €36,164 to €22,969Result from €76 to €8,669Equity from €7,864 to €16,533Debts from €227,471 to €183,698Cash from €27,212 to €10,595
Key points
from the 2025 annual accountsDebts
€183,698 92% of the balance sheet
After one year 3%Within one year 97%
Of this, €178,047 falls due within a year.
At the same address
25 companies
Checked score
89
Excellent
Financially stronger than 42% of micro companies in education (NACE 85)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,826 companies (NACE 85, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.4 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.1%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Equity €16,533 (8.3% of total assets)
Liquidity: current ratio 1.04, cash €10,595, halved
lowers risk
Sector: Education (NACE 85)
Size: total assets €200,231
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 85, micro). It does better than 21% of them on solvency, 5% on liquidity, 49% on profitability and 91% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,375 companies had the same profile as XL Training has now. Each dot stands for 4 companies, two years later.
95.9%
were still trading
1.6%
stopped another way
2.2%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of XL Training itself is lower: 0.2% within 12 months. It rests on far more data about XL Training than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,375 companies, not a prediction for XL Training. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.04 (0.98 in 2024), below the usual 1.5. Short-term debt is 88.9% and cash 5.3% of total assets. 91.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2609 sector peers (2025).
NBB · sector comparisonPosition among 2609 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €16,533
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 28-07-2026, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
3 days early
2024
11 days late
2023
16 days early
2022
33 days early
2021
19 days late
2020
30 days early
2019
20 days late
← 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 5 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% 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 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- XL GROUP VLAANDEREN 98%score 85equity €2.5m (2025) · 2025 annual accounts of XL GROUP VLAANDEREN
Recent changes
2 directors appointed, 2 managers resigning
Resignations: GOOSSENS, Johan (manager) and LALOUX, Gatien (manager) · Appointments: DEBAGO (director) and SAM INVEST (director) · Permanent representatives: GOOSSENS, Johan and LALOUX, Gatien · Gazette deed
New establishment in Ghent
Hurstweg 8
First establishment
Boombekelaan 7, Antwerp
Incorporation
published on 03-03-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| XL Training Ghent | €200,231 | €22,969 | 8.3% | - |
| HET WEIDSE HOF Maarkedal | €191,822 | €27,387 | 39.3% | - |
| Ace & Peak Schaerbeek | €201,462 | €18,653 | 53.5% | - |
| E-Coaching Ledegem | €224,294 | €18,012 | 75.7% | - |
| THE GLOBAL PICTURE Merelbeke-Melle | €308,368 | €24,704 | 25.6% | - |
| CO-CONSULT Ghent | €200,617 | €38,558 | 21.7% | - |
| PISTACH Ghent | €305,178 | €19,482 | 69.0% | - |
These companies have the same main activity as XL Training: other education (NACE 85599). They are comparable in size and age: total assets between €192,000 and €308,000, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 01-03-2016Normal situation
- Registered office
- 26 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 6 November 2026.
- Activity
- Other educationNACE 85599
- Establishment units
- 2.251.125.0252660 Antwerp, since 03-03-2016
- 2.299.433.7959000 Ghent, since 01-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €84,000estimated
- €200,231▼ 14.9%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on XL Training
XL Training files the micro format. That format states no turnover. The gross margin rose from €18,960 in 2017 to €22,969 in 2025.
XL GROUP VLAANDEREN holds 98% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about XL Training
- What is the company number of XL Training?
- The company number of XL Training is 0649.519.819. The VAT number is the same number with BE in front: BE 0649.519.819.
- Where is XL Training based?
- The registered office is at Hurstweg 8, 9000 Ghent.Company details
- What does XL Training do?
- According to the KBO register, the main activity is other education (NACE 85599).
- What is the legal form of XL Training?
- XL Training is a private limited company (BV).
- When was XL Training founded?
- XL Training was founded on 01-03-2016.
- Is XL Training still active?
- Yes, XL Training is an active enterprise in the KBO register.
- What is the turnover of XL Training?
- The turnover in financial year 2025 is ≈ €84,000. This figure is estimated from the gross margin of €22,969 and 42 comparable companies (NACE 855). It probably lies between €57,000 and €170,000. It is a rough estimate.Financials
- Is XL Training profitable?
- In financial year 2025, XL Training made a profit of €8,669.
- Where can I find the annual accounts of XL Training?
- XL Training filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of XL Training due?
- XL Training must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.XL GROUP VLAANDEREN · 20 companies Compare this company with its sector.Sector benchmark
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