XORLOGICS
XORLOGICS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €28k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €101k |
| Net result | €28k |
| Staff (FTE) | 10.8 |
| Better than sector | 22% |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 21.0% | 60.0% | |
| Net result | €28k | €29k | |
| Equity | €101k | €72k | |
| Gross operating margin | €765k | €55k | |
| Staff costs | €697k | €25k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €56k | €7k | €-6k | €26k | €65k |
| Net profit | €28k | €-17k | €-17k | €3k | €32k |
| Cash flow | €31k | €-12k | €-13k | €16k | €47k |
| Staff costs | €697k | €711k | €495k | €358k | €325k |
| Income taxes | €21k | €17k | €4k | €6k | €16k |
| Dividends | - | - | - | - | - |
| Total assets | €483k | €296k | €298k | €250k | €248k |
| Equity | €101k | €73k | €90k | €107k | €104k |
| Debt | €382k | €222k | €208k | €143k | €144k |
| of which ≤ 1y | €382k | €222k | €208k | €142k | €144k |
| of which > 1y | - | - | - | - | - |
| Working capital | €95k | €64k | €78k | €91k | €82k |
| Employees (FTE) | 10.8 | 10.8 | 6.2 | 6.2 | 5.6 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.25 | 1.29 | 1.38 | 1.64 | 1.57 |
| Quick ratio | 1.25 | 1.29 | 1.38 | 1.64 | 1.57 |
| Working capital ratio | 19.7% | 21.8% | 26.3% | 36.5% | 33.1% |
| Solvency | 21.0% | 24.8% | 30.2% | 42.9% | 42.0% |
| Debt / equity | 3.76 | 3.04 | 2.31 | 1.33 | 1.38 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 13.69 | 4.23 | -1.74 | 7.44 | 52.69 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 5.8% | -5.6% | -5.8% | 1.2% | 12.8% |
| ROE | 27.8% | -22.7% | -19.3% | 2.8% | 30.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €483k | €296k | €298k | €250k | €248k |
| Fixed assets | 21/28 | €6k | €9k | €12k | €16k | €22k |
| Tangible fixed assets | 22/27 | €505 | €4k | €6k | €11k | €16k |
| Financial fixed assets | 28 | €6k | €6k | €6k | €6k | €6k |
| Current assets | 29/58 | €477k | €286k | €286k | €234k | €226k |
| Amounts receivable within one year | 40/41 | €463k | €258k | €264k | €225k | €199k |
| Cash & bank | 54/58 | €0 | €17k | €15k | - | €18k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €483k | €296k | €298k | €250k | €248k |
| Equity | 10/15 | €101k | €73k | €90k | €107k | €104k |
| Contributions / capital | 10/11 | €8k | €8k | €8k | €8k | €8k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €91k | €63k | €80k | €97k | €94k |
| Amounts payable | 17/49 | €382k | €222k | €208k | €143k | €144k |
| Amounts payable within one year | 42/48 | €382k | €222k | €208k | €142k | €144k |
| Trade debts payable within one year | 44 | €192k | €68k | €73k | €33k | €43k |
| Income statement | ||||||
| Gross operating margin | 9900 | €765k | €719k | €493k | €385k | €390k |
| Operating result | 9901 | €53k | €1k | €-10k | €13k | €49k |
| Financial income | 75 | - | - | - | - | €23 |
| Financial charges | 65 | €4k | €2k | €3k | €3k | €1k |
| Result before taxes | 9903 | €49k | €-131 | €-14k | €10k | €47k |
| Income taxes | 67/77 | €21k | €17k | €4k | €6k | €16k |
| Net result for the period | 9904 | €28k | €-17k | €-17k | €3k | €32k |
| Result to be appropriated | 9905 | €28k | €-17k | €-17k | €3k | €32k |
-
Junaid JALAPDirectorState Gazette act 23470763 (21-12-2023)Current21-12-2023 → present
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 11-05-2012 |
| Status | Active |
| Postal code | 1050 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
| 21807G0001/00L000 | Brussels | 1,625 m² | 1 · 1,286 m² | 33.9 m · 9 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-12-2023 Junaid JALAP appointed as director
- Junaid JALAP, Bestuurder
Technical details
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},
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"subkind": "renewal",
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"statutory": "niet_statutair",
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"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide de mettre fin \u00E0 la fonction du g\u00E9rant actuel et proc\u00E8de imm\u00E9diatement au renouvellement de leur nomination comme administrateur non statutaire pour une dur\u00E9e illimit\u00E9e :",
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"mandate_duration": {
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},
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}
],
"notary": {
"name": "Isabelle VAN CAMPENHOUDT",
"firm_city": null,
"firm_name": null,
"office_city": "Schaerbeek",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-12-21",
"filing_date": "2023-12-18",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-15",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0845.889.488",
"name_full": "XORLOGICS",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
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"person_name": "Isabelle VAN CAMPENHOUDT",
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"person_role_at_subject": "notaire"
},
"co_filed_documents": [
"exp\u00E9dition de l\u0027acte",
"statuts coordonn\u00E9s"
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"corrected_publication_numac": null
}| Legal nameFR | XORLOGICS |