XPansiae
ActiveSummary
XPansiae has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€16,742) and a net result of -€10,214. Equity has been shrinking by about 113% per year since 2023. Its solvency ranks better than 5% of 39,293 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-07-2023 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 5 others
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Board and ownership
Board
- Neumann PierreDirector · since 01-01-2025
- Valérie LACROIXDirector · since 01-01-2025
Shareholders
- BAES Céline Marie Emilie50 sharesact of 27-07-2023
- PIRLET Delphine Marie Madeleine Henri50 sharesact of 27-07-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
Annual accounts 2025
- Gross margin
- -€9,355
- ▼ 130%
- Loss
- €10,214
- ▲ 126%
- Equity
- -€16,742
- ▼ 156%
- Total assets
- €4,551
- ▲ 411%
- Negative equity on 31-12-2025
Turnover not published (micro format)
Score breakdownraises riskCapped at 59: negative equityNegative equity -€16,7421 change of registered office in 24 monthslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €4,551Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 10% of micro companies in head offices and management consultancy (NACE 70)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
0=
equity -367.9% of total assets
Liquidity
50+22
short-term debt 467.9% · cash 87.3%
Profitability
0=
return on assets -224.4%
Bankruptcy probability within 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025lowest value
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 1.2%▲ +0.7 percentage points vs 09-2025highest value
11-2025: 1.2%● unchanged vs 10-2025highest value
12-2025: 1.2%● unchanged vs 11-2025highest value
01-2026: 1.2%● unchanged vs 12-2025highest value
02-2026: 1.2%● unchanged vs 01-2026highest value
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.1%▼ -0.1 percentage points vs 04-2026
06-2026: 1.0%▼ -0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026
11-2026: 1.0%● unchanged vs 10-2026
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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 70, micro). It does better than 3% of them on solvency, 33% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€16,742
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 07-05-2026, 85 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
85 days early
2024
42 days early
2023
16 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 37 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 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 19 June (3 of the last 3 accounts filed within 59 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 07-05-2026 PDF all 3 filings
Equity
-€16,742▼ 156%
2024 · -€6,529
Total assets
€4,551▲ 411%
2024 · €890
Net result
-€10,214▼ 126%
2024 · -€4,510
Working capital
-€16,742▼ 156%
2024 · -€6,529
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
-€10,201
▼ 129%
2025
20232025
Net result
-€10,214
▼ 126%
2025
lowest quarter of the sector
20232025
Equity
-€16,742
▼ 156%
2025
lowest quarter of the sector
20232025
Total assets
€4,551
▲ 411%
2025
lowest quarter of the sector
20232025
Debt
€21,293
▲ 187%
2025
20232025
Working capital
-€16,742
▼ 156%
2025
lowest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result-€3,604--€4,461▼ 23.8%-€10,201▼ 129%
Net result-€3,619below the sector's middle half--€4,510below the sector's middle half▼ 24.6%-€10,214below the sector's middle half▼ 126%
Equity-€2,019below the sector's middle half--€6,529below the sector's middle half▼ 223%-€16,742below the sector's middle half▼ 156%
Total assets€731below the sector's middle half-€890below the sector's middle half▲ 21.7%€4,551below the sector's middle half▲ 411%
Debt€2,750-€7,419▲ 170%€21,293▲ 187%
Working capital-€2,019below the sector's middle half--€6,529below the sector's middle half▼ 223%-€16,742below the sector's middle half▼ 156%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,201, larger than the loss of €4,461 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€21,293▲
2024 · €7,419
Income taxes
€0
The ratios are withheld because a balance sheet total of €4,551 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €384 | €387 | €846 | ▲ 118% |
| Gross operating margin9900 | -€3,220 | -€4,074 | -€9,355 | ▼ 130% |
| Operating profit (loss)9901 | -€3,604 | -€4,461 | -€10,201 | ▼ 129% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | €14 | €49 | €13 | ▼ 72.9% |
| Recurring financial charges65 | €14 | €49 | €13 | ▼ 72.9% |
| Profit (loss) for the period before taxes9903 | -€3,619 | -€4,510 | -€10,213 | ▼ 126% |
| Income taxes67/77 | - | - | €0 | - |
| Profit (loss) for the period9904 | -€3,619 | -€4,510 | -€10,214 | ▼ 126% |
| Profit (loss) for the period to be appropriated9905 | -€3,619 | -€4,510 | -€10,214 | ▼ 126% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €731 | €890 | €4,551 | ▲ 411% |
| Current assets29/58 | €731 | €890 | €4,551 | ▲ 411% |
| Amounts receivable within one year40/41 | €619 | €687 | €578 | ▼ 15.9% |
| Trade receivables40 | €424 | €226 | €573 | ▲ 153% |
| Other amounts receivable41 | €194 | €461 | €4 | ▼ 99.0% |
| Cash at bank and in hand54/58 | €113 | €203 | €3,973 | ▲ 20× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €731 | €890 | €4,551 | ▲ 411% |
| Equity10/15 | -€2,019 | -€6,529 | -€16,742 | ▼ 156% |
| Contributions10/11 | €1,600 | €1,600 | €1,600 | = |
| Profit (loss) carried forward14 | -€3,619 | -€8,129 | -€18,342 | ▼ 126% |
| Amounts payable17/49 | €2,750 | €7,419 | €21,293 | ▲ 187% |
| Amounts payable within one year42/48 | €2,750 | €7,419 | €21,293 | ▲ 187% |
| Trade debts44 | €2,157 | - | €7,377 | - |
| Suppliers440/4 | €2,157 | - | €7,377 | - |
| Advances received on contracts in progress46 | - | €274 | €420 | ▲ 53.3% |
| Taxes, remuneration and social security45 | - | - | €797 | - |
| Taxes450/3 | - | - | €797 | - |
| Other amounts payable47/48 | €593 | €7,145 | €12,698 | ▲ 77.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,619 | -€4,510 | -€10,214 | ▼ 126% |
| Operating cash flow (approximation) | -€3,619 | -€4,510 | -€10,214 | ▼ 126% |
| Change in cash | - | €90 | €3,770 | ▲ 42× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as XPansiae has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
84.8%
was still going
5.6%
stopped otherwise
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of XPansiae itself is lower: 1.0% within 12 months. It rests on far more data about XPansiae than the profile alone.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for XPansiae. 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.
Board & ownership
Directors
Directors
2 directors, no change since 2025
Neumann Pierre
Current
Valérie LACROIX
Current
Director · since 01-01-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 07-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 11 - Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 25-09-2025Owners and capital
Shareholders
At incorporation
act of 27-07-2023 ↗
- BAES Céline Marie Emilie 50 shares (50%) · €800
- PIRLET Delphine Marie Madeleine Henri 50 shares (50%) · €800
Capital transactions
Capital over time
- 25-09-2025 Capital stated in the deed · 100 shares
- 27-07-2023 Incorporation · €1,600 · 100 shares
Mandate history
4 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Neumann Pierre |
|
| Valérie LACROIX |
|
| Coach de filles |
|
| Colibri Espace Développement |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Rémunération des administrateurs, si le mandat d’administrateur est rémunéré, l’assemblée générale, statuant à la majorité absolue des voix…”
deed of 25-09-2025 (in French)
Capital, shares and profit
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Actions nouvelles à souscrire en numéraire doivent être offertes par préférence aux actionnaires existants, proportionnellement au nombre…”
deed of 25-09-2025 (in French)
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
deed of 27-07-2023 (in French)
Network & group
XPansiae shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of XPansiae. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
07-05
micro format · 85 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€10,214
The net result drops to -€10,214, the lowest from 2023 to 2025.
25-09
Gazette deed
Company renamed from W-E-Links to XPansiaeRegistered office moved from Brussels to Rixensart · New seat: Région wallonne, 1332 Rixensart (Genval), Clos Domvart 4 · Previous seat: Uccle (1180 Bruxelles), avenue Dolez 1389 points ▸
Gazette deed
Company renamed from W-E-Links to XPansiae
Registered office moved from Brussels to Rixensart · New seat: Région wallonne, 1332 Rixensart (Genval), Clos Domvart 4 · Previous seat: Uccle (1180 Bruxelles), avenue Dolez 1389 points ▸
- General meeting, 10-09-2025
- Name change, XPansiae
- Registered-office move, Région wallonne, 1332 Rixensart (Genval), Clos Domvart 4
- 100 shares
- Director resignation, COLIBRI ESPACE DÉVELOPPEMENT (director)
- Director resignation, COACH DE FILLES (director)
- Director appointment, Valérie LACROIX (director)
- Permanent representative, Valérie LACROIX
- Power of attorney, Bruno MICHAUX
- The act holds 5 more points.
19-06
micro format · 42 days before the deadline
2024
16-08
micro format · 16 days late
2023
27-07
Gazette deed
IncorporationFounding capital of €1,600, 100 shares · Founders: BAES Céline Marie Emilie (comparant) and PIRLET Delphine Marie Madeleine Henri (comparant) · Appointments: COLIBRI ESPACE DÉVELOPPEMENT (director) and COACH DE FILLES (director)9 points ▸
Gazette deed
Incorporation
Founding capital of €1,600, 100 shares · Founders: BAES Céline Marie Emilie (comparant) and PIRLET Delphine Marie Madeleine Henri (comparant) · Appointments: COLIBRI ESPACE DÉVELOPPEMENT (director) and COACH DE FILLES (director)9 points ▸
- Founder, BAES Céline Marie Emilie (comparant)
- Founder, PIRLET Delphine Marie Madeleine Henri (comparant)
- Founding capital, €1,600, 100 shares
- Registered office clause, avenue Dolez 138, 1180 Uccle
- Board rule, 2
- Director appointment, COLIBRI ESPACE DÉVELOPPEMENT (director (not named in the articles))
- Director appointment, COACH DE FILLES (director (not named in the articles))
- Permanent representative, BAES Céline Marie Emilie
- Permanent representative, PIRLET Delphine Marie Madeleine Henri
- The act holds 5 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
XPansiae was incorporated on 25 July 2023 as a private limited company by two natural persons, with a starting capital of €1,600.12 In 2025 the company took the name XPansiae.3 The registered office was moved to Rixensart in 2025.3 The board currently has 2 members, 2 of whom have served since 2025.4
Company details
Register details
Identity
KBO recordName
XPansiae in French
Former name
W-E-Links until the act of 25-09-2025
Enterprise number
0804.273.520
Legal form
Private limited company
Status
Active, normale toestand
Founded
25-07-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-09-2025 (in French)Registered office and establishments
Registered office
Clos Domvart 4, 1332 Rixensart, Belgium
Activities
NACEBEL 202570200
Business and other management consultancy main activity
63920
Other information service activities
82300
Organisation of conventions and trade shows
82990
Other business support services
85599
Other education
86995
Nutrition and dietetics services
Codes under NACEBEL 2008
70220
Business consulting main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
82300
Organisation of conventions and trade shows
82990
Other business support services
85599
Other education
86909
Human health activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 25-09-2025 (in French)
“Coaching individuel (processus d'accompagnement destiné à favoriser un environnement de croissance ou d'optimisation du potentiel de…”
24 activities
- Coaching individuel (processus d'accompagnement destiné à favoriser un environnement de croissance ou d'optimisation du potentiel de l'individu ou d'un groupe de personnes)
- Coaching d'équipes (destiné notamment à construire et faciliter une dynamique vers des objectifs communs)
- Formation (apprentissage de nouvelles compétences et renforcement de celles déjà acquises)
- Développement du bien-être en entreprise, développement personnel, individuel
- Techniques de relaxation, sophrologie, techniques de gestion des émotions …
- Développement organisationnel en entreprise, associations …
- Organisation de conférences et d'ateliers dans les domaines précités
- Toutes fonctions de consultance et/ou de services liés aux domaines précités
- Le conseil en matière de stratégie et d'organisation d'entreprise, de gestion des ressources humaines, de gestion financière et de communication, ainsi que toute autre activité qui serait nécessaire à la réalisation de l'objet principal
- Au conseil, la formation, l'expertise technique et l'assistance dans les domaines précités
- À la prestation de services dans les domaines précités
- Toutes formations professionnelles ou autres, séminaires, colloques, conférences, expositions, voyages, réceptions à des fins culturelles, sociales, économiques ou autre
- La fourniture de tous avis, conseils, formations et assistance sous quelque forme que ce soit à tous tiers, personnes physiques ou morales, dans tous les domaines et notamment, sans que cette liste soit exhaustive, en matière de stratégie, d'organisation, de management, de gestion de ressources humaines (en ce compris le coaching individuel ou de groupes), d'administration, de gestion, de marketing, de finances, d'informatique et de développement commercial ou encore en matière de vente et d'achat d'entreprises
- Toutes activités dans le domaine du placement de personnel, des ressources humaines, du développement de carrière et de compétences, et notamment la recherche, la sélection, le placement de personnel et les services d'outplacement, ainsi que la mise à disposition temporaire de personnel
- Tous services de soutien à la santé humaine ou thérapeutiques, non soumis à titre protégé, notamment par des techniques alternatives ou complémentaires, dans le respect de la législation
- Toutes activités digitales, de plateforme en ligne et e-learning, et notamment la conception, la gestion et l'exploitation de plateformes numériques de formation, de coaching ou de mise en relation
- Toutes activités d'intermédiation commerciale ou sociale, notamment en lien avec le développement personnel, professionnel ou organisationnel
- Toutes activités dans les domaines de la propriété intellectuelle, de l'édition et de la publication, et notamment la rédaction, l'édition, la production et la commercialisation de contenus, publications, livres, guides, podcasts ou autres supports dans les domaines précités
- La formation, l'organisation de conférences, colloques, séminaires et ateliers, le conseil et l'assistance dans les matières qui précèdent
- La prestation de services de consultance, d'expertise et d'accompagnement dans le domaine de l'ingénierie du son, de l'acoustique, du design sonore et de la production audiovisuelle
- La réalisation, l'enregistrement, le mixage, le mastering, l'édition et la production sonore et musicale pour des artistes, entreprises, médias, événements et institutions
- La conception, l'installation, la gestion et la maintenance de systèmes audio, multimédia et acoustiques, ainsi que le développement de solutions sonores innovantes
- L'achat, la vente, la location, l'installation et la distribution de matériel et logiciels liés à l'audio, au son et aux technologies multimédias
- Le conseil, l'assistance, l'organisation, l'animation et la dispense de formations, séminaires et ateliers dans les domaines précités
Invoicing and payment
VAT number
BE 0804.273.520
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Friday of April at 18:00
deed of 25-09-2025 (in French)Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
“Peut participer à l'assemblée générale sans pouvoir participer au vote”
deed of 25-09-2025 (in French)Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
“Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le…”
deed of 25-09-2025 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
554 m²
Building footprint
93 m²
Building volume
583 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25033C0493/00H000 | Wallonia | 554 m² | 1 · 93 m² | 9.1 m · 2 |