Active BE 0755.963.263Public limited company

XO BOATING BELGIUM

Atlasstraat 73 ·9150 Beveren-Kruibeke-Zwijndrecht, Belgium· 5 yrs active

Sector: Detailhandel in overige sportartikelen (47639)

Conclusion Checked

The computed 12-month bankruptcy probability of XO BOATING BELGIUM is 1.7% (moderate). The 2024 annual accounts show negative equity (€-445k) and a net result of €144k. Its solvency ranks better than 19% of 6720 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-445k
Net result	€144k
Better than sector	19%
Active	5 yrs

Financial profile 5 of 5 axes measured · computed by Checked

47 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 38

Profitability 0

Solvency 45

Growth 58

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.7% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

38 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-18.8%	20.4%	better than 19% of 6720 sector peers
Net result	€144k	€4k	better than 95% of 6701 sector peers
Equity	€-445k	€16k	better than 5% of 6735 sector peers
Gross operating margin	€290k	€24k	better than 95% of 6680 sector peers
Total assets	€2.37M	€94k	better than 95% of 6724 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€289k

- 21-24

Net profit

€144k

- 21-24

Cash flow

€277k

- 21-24

Total assets

€2.37M

+389.0% 21-24

Equity

€-445k

-104.9% 21-24

Working capital

€478

-99.7% 21-24

Debt

€2.82M

+301.1% 21-24

Debt ≤ 1y

€130k

+651.6% 21-24

Show 8 other metrics

Debt > 1y

€2.69M

+300.8% 21-24

Current ratio

1.00

-91.4% 21-24

Quick ratio

1.00

-53.1% 21-24

Solvency

-18.8%

+58.1% 21-24

Debt / equity

-6.33

-95.7% 21-24

ROE

-32.5%

- 21-24

ROA

6.1%

- 21-24

Interest coverage

26.00

- 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€289k
Net profit	€144k
Cash flow	€277k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€2.37M
Equity	€-445k
Debt	€2.82M
of which ≤ 1y	€130k
of which > 1y	€2.69M
Working capital	€478
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	1.00
Quick ratio	1.00
Working capital ratio	0.0%
Solvency	-18.8%
Debt / equity	-6.33
Long-term debt ratio	-6.03
Interest coverage	26.00
Gross margin	-
Net margin	-
ROA	6.1%
ROE	-32.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €2.24M · 94.5% Current assets €131k · 5.5%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.37M
Fixed assets	21/28	€2.24M
Intangible fixed assets	21	€4k
Tangible fixed assets	22/27	€234k
Financial fixed assets	28	€2.00M
Current assets	29/58	€131k
Amounts receivable within one year	40/41	€93k
Investments	50/53	€0
Cash & bank	54/58	€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.37M
Equity	10/15	€-445k
Contributions / capital	10/11	€63k
Accumulated profits (losses)	14	€-507k
Amounts payable	17/49	€2.82M
Amounts payable after one year	17	€2.69M
Amounts payable within one year	42/48	€130k
Trade debts payable within one year	44	€23k
Income statement
Gross operating margin	9900	€290k
Operating result	9901	€156k
Financial income	75	€0
Financial charges	65	€11k
Result before taxes	9903	€144k
Net result for the period	9904	€144k
Result to be appropriated	9905	€144k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Detailhandel in overige sportartikelen(47639)
Legal form	Public limited company(014)
Incorporation	09-10-2020
Status	Active
Postal code	9150

Establishment units 1 location

XO Boating

Atlasstraat 73, 9150 Beveren-Kruibeke-ZwijndrechtReparatie en onderhoud van civiele schepen

since 20202.311.723.893

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46018A0168/00F002	Flanders	1,372 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

30-09-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

18-10-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

06-10-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

04-10-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Personenvervoer over zee- en kustwateren50100Personenvervoer over zee- en kustwateren50100Personenvervoer over binnenwateren50300Personenvervoer over binnenwateren50300Catering56210Catering van evenementen56210Verhuur en lease van sport- en recreatieartikelen77210Verhuur en lease van sport- en recreatieartikelen77210Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300

Primary activity highlighted.

Names & trade names

Legal nameNL

XO BOATING BELGIUM

Registered office

Atlasstraat 73

9150 Beveren-Kruibeke-Zwijndrecht, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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