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Complete company report
Generated 22-07-2026
Active BE 0804.273.520Private limited company

XPansiae

Clos Domvart 4 ·1332 Rixensart, Belgium· 2 yrs active
Sector: Head offices & management consulting (70200)
Conclusion Checked

The computed 12-month bankruptcy probability of XPansiae is 1.0% (low). The 2025 annual accounts show negative equity (€-17k) and a net result of €-10k. Equity is shrinking by ~112.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 4662 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €-17k
Net result €-10k
Better than sector 5%
Active 2 yrs
Snowflake analysis 5 axes · computed by Checked
Health17Profitability100Solvency33Growth32Stability82
53 / 100

Mixed profile: strong on profitability, weaker on health.

Health 17
Profitability 100
Solvency 33
Growth 32
Stability 82
Bankruptcy probability (12 mo) Checked model v1 · free
1.0% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

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 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
17 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 07-05-2026 with the NBB · fiscal year 2025 · micro
€-15k€-10k€-5k€0Operating result 2023: €-4k€-4kNet result 2023: €-4k€-4kOperating result 2024: €-4k€-4kNet result 2024: €-5k€-5kOperating result 2025: €-10k€-10kNet result 2025: €-10k€-10k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~112.8%/year over 3 fiscal years, indicative, assuming unchanged policy.
€-50k€-40k€-30k€-20k€-10k€02026: €-24k (€-25k - €-23k)2027: €-31k (€-33k - €-30k)2028: €-39k (€-40k - €-37k)2023: €-2k2024: €-7k2025: €-17k202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).

Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -367.9% 55.1%
better than 5% of 4662 sector peers
Net result €-10k €38k
better than 7% of 4661 sector peers
Equity €-17k €64k
better than 5% of 4662 sector peers
Gross operating margin €-9k €61k
better than 5% of 4655 sector peers
Total assets €5k €145k
better than 5% of 4662 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-10k
-126.5% far below sector median
Total assets
€5k
+411.2% -95% vs sector
Equity
€-17k
-156.4% far below sector median
Working capital
€-17k
-156.4% far below sector median
Income taxes
€0
- -100% vs sector
Debt
€21k
+187.0% -56% vs sector
Debt ≤ 1y
€21k
+187.0% -56% vs sector
Current ratio
0.21
+78.1% -86% vs sector
Quick ratio
0.21
+78.1% -86% vs sector
Solvency
-367.9%
+49.8% far below sector median
Debt / equity
-1.27
-11.9% far below sector median
ROE
61.0%
-11.7% -42% vs sector
ROA
-224.4%
+55.7% far below sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€-10k
Cash flow-
Staff costs-
Income taxes€0
Dividends-
Total assets€5k
Equity€-17k
Debt€21k
of which ≤ 1y€21k
of which > 1y-
Working capital€-17k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.21
Quick ratio0.21
Working capital ratio-367.9%
Solvency-367.9%
Debt / equity-1.27
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-224.4%
ROE61.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€5k
Current assets 29/58€5k
Amounts receivable within one year 40/41€578
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€5k
Equity 10/15€-17k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€-18k
Amounts payable 17/49€21k
Amounts payable within one year 42/48€21k
Trade debts payable within one year 44€7k
Income statement
Gross operating margin 9900€-9k
Operating result 9901€-10k
Financial income 75€0
Financial charges 65€13
Result before taxes 9903€-10k
Income taxes 67/77€0
Net result for the period 9904€-10k
Result to be appropriated 9905€-10k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Head offices & management consulting(70200)
Legal form Private limited company(610)
Incorporation25-07-2023
StatusActive
Postal code1332
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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25033C0493/00H000 Wallonia 554 m² 1 · 93 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.

2026
07-05-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
2025
25-09-2025
State Gazette act Director changes
Bruno MICHAUX
19-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
16-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 10 months ago
2025
25-09-2025 1 director appointed, 2 resigning Director changes·Bruno MICHAUX
  • Valérie LACROIX, Bestuurder
  • Céline BAES, Gedelegeerd bestuurder
  • Delphine PIRLET, Gedelegeerd bestuurder
Notary: Bruno MICHAUX · Etterbeek
Technical details 
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    {
      "kind": "substantive_delegation",
      "role": "comptable",
      "person": {
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      "via_org": {
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990Overige vormen van onderwijs85599Overige vormen van onderwijs85599Overige menselijke gezondheidszorg, n.e.g.86909Activiteiten op het gebied van voeding86995
Primary activity highlighted.
Names & trade names
Legal nameFR XPansiae
Registered office
Clos Domvart 4
1332 Rixensart, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative