XPANCEON
ActiveXPANCEON has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-18k) and a net result of €-13k. Equity is shrinking by ~164.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability22▼-4
Solvency20▼-4
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.47 against 3.91 in 2024; short-term debt: 7.2% and cash: 3.2% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.2%
Return on assets
-3.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-18k
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 05-03-2026, 148 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
148 d early
2024
21 d early
2023
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-18k▼ 248%
2024 · €-5k
2023: €-929
2024: €-5k
2023 → 2025
Total assets
€340k▼ 13.0%
2024 · €391k
2023: €60k
2024: €391k
2023 → 2025
Net result
€-13k▼ 203%
2024 · €-4k
2023: €-4k
2024: €-4k
2023 → 2025
Working capital
€-13k
2024 · €51k
2023: €57k
2024: €51k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-929-€-5k▼ 445%€-18k▼ 248%
Operating result€-4k-€-832▲ 78.5%€-3k▼ 274%
Net result€-4k-€-4k▼ 5.1%€-13k▼ 203%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €832 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338k
Fixed assets
€327k▲ 2.1%
Current assets
€11k▼ 83.4%
Key figures and ratios
EBITDA
€9k▲
2024 · €3k
Cash flow
€-534▼
2024 · €-112
Solvency
-5.2%▼
2024 · -1.3%
Current ratio
0.47▼
2024 · 3.91
Quick ratio
0.47▼
2024 · 3.91
Debt / equity
-20.32▲
2024 · -78.23
ROA
-3.7%▼
2024 · -1.1%
Interest coverage
0.96▼
2024 · 0.99
Debt
€357k▼
2024 · €396k
Debt ≤ 1 year
€24k▲
2024 · €18k
Debt > 1 year
€333k▼
2024 · €378k
Income taxes
€132▲
2024 · €72
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€391k€340k▼
Formation expenses20€2k€1k▼
Fixed assets21/28€320k€327k▲
Tangible fixed assets22/27€320k€327k▲
Land and buildings22€313k€305k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€7k€19k▲
Current assets29/58€69k€11k▼
Amounts receivable within one year40/41€61k€25▼
Trade receivables40€886€0▼
Other amounts receivable41€60k€25▼
Cash at bank and in hand54/58€8k€11k▲
Deferred charges and accrued income490/1-€556
Equity and liabilities
Total equity and liabilities10/49€391k€340k▼
Equity10/15€-5k€-18k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€-8k€-21k▼
Amounts payable17/49€396k€357k▼
Amounts payable after more than one year17€378k€333k▼
Financial debts170/4€240k€226k▼
Other amounts payable178/9€138k€107k▼
Amounts payable within one year42/48€18k€24k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€753€1k▲
Suppliers440/4€753€1k▲
Taxes, remuneration and social security45€72€2k▲
Taxes450/3€72€2k▲
Other amounts payable47/48€4k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€12k▲
Other operating charges640/8€762€843▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€4k€11k▲
Operating profit (loss)9901€-832€-3k▼
Financial income75/76B€4€11▲
Recurring financial income75€4€11▲
Financial charges65/66B€3k€9k▲
Recurring financial charges65€3k€9k▲
Profit (loss) for the period before taxes9903€-4k€-12k▼
Income taxes67/77€72€132▲
Profit (loss) for the period9904€-4k€-13k▼
Profit (loss) for the period to be appropriated9905€-4k€-13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-21k▼
Profit (loss) brought forward from the previous period14P€-4k€-8k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
18-09-2023
Coninx Jasper: Resigned as Director
18-09-2023
Monnens Thomas: Resigned as Director
Location & real-estate footprint
Registered office, Pelt · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Justitielaan 483910 PeltGround area
393 m²
Building footprint
95 m²
Volume, LiDAR
662 m³
Parcel 72025B0942/00B002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XPANCEON
since 20222.332.256.914
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B0942/00B002 | Flanders | 393 m² | 1 · 95 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
4Fulfilment
BE 0795.287.360
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DEBECO
BE 0444.697.488
Pelt
DEN TUSSCH
BE 1028.022.034
Pelt
HAPPY-DAYS
BE 0450.590.734
Pelt
JDH-Invest
BE 0535.671.513
Pelt
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 12,018 companies in sector 68203 we hold annual accounts for 5,984.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2022
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.