XPANSION
ActiveSummary
The computed 12-month bankruptcy probability of XPANSION is 1.7% (moderate). The 2025 annual accounts show negative equity (€-4k) and a net result of €16k. Equity is shrinking by ~69.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 7029 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency13▲+13
Growth32=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.28 against 0.5 in 2024; short-term debt: 78.4% and cash: 14% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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
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
-12.4%
Return on assets
45.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7029 sector peers (2025).
NBB · sector comparisonPosition among 7029 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
29 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-4k▲ 78.6%
2024 · €-20k
2022: €34k
2023: €19k
2024: €-20k
2022 → 2025
Total assets
€35k▲ 21.7%
2024 · €29k
2022: €45k
2023: €72k
2024: €29k
2022 → 2025
Net result
€16k
2024 · €-40k
2022: €32k
2023: €-15k
2024: €-40k
2022 → 2025
Working capital
€8k
2024 · €-14k
2022: €33k
2023: €36k
2024: €-14k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€34k-€19k▼ 43.4%€-20k€-4k▲ 78.6%
Operating result€41k-€-15k€-38k▼ 158%€18k
Net result€32k-€-15k€-40k▼ 168%€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €38k in 2024.
Key figures and ratios
EBITDA
€18k▲
2024 · €-34k
Cash flow
€16k▲
2024 · €-36k
Solvency
-12.4%▲
2024 · -70.2%
Current ratio
1.28▲
2024 · 0.50
Debt to equity
-9.09▼
2024 · -2.42
ROA
45.3%▲
2024 · -136.9%
Interest coverage
10.27▲
2024 · -19.68
Debt
€40k▼
2024 · €49k
Debt ≤ 1 year
€28k▼
2024 · €29k
Debt > 1 year
€9k▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€29k€35k▲
Fixed assets21/28€14k-
Intangible fixed assets21€14k-
Tangible fixed assets22/27€311-
Furniture and vehicles24€311-
Current assets29/58€15k€35k▲
Amounts receivable within one year40/41€640€30k▲
Trade receivables40-€20k
Other amounts receivable41€640€10k▲
Cash at bank and in hand54/58€13k€5k▼
Deferred charges and accrued income490/1€808€271▼
Equity and liabilities
Total equity and liabilities10/49€29k€35k▲
Equity10/15€-20k€-4k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-22k€-6k▲
Amounts payable17/49€49k€40k▼
Amounts payable after more than one year17€16k€9k▼
Financial debts170/4€16k€9k▼
Amounts payable within one year42/48€29k€28k▼
Current portion of amounts payable after more than one year42€7k€8k▲
Trade debts44€11k€19k▲
Suppliers440/4€11k€19k▲
Taxes, remuneration and social security45€11k€690▼
Taxes450/3€8k€690▼
Remuneration and social security454/9€3k-
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€311▼
Other operating charges640/8€64€15k▲
Non-recurring operating charges66A€148€325▲
Gross operating margin9900€-34k€33k▲
Operating profit (loss)9901€-38k€18k▲
Financial income75/76B€0€7▲
Recurring financial income75€0€7▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-40k€16k▲
Profit (loss) for the period9904€-40k€16k▲
Profit (loss) for the period to be appropriated9905€-40k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-6k▲
Profit (loss) brought forward from the previous period14P€17k€-22k▼
The notes to these accounts (10 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.28
Current ratio from 0.50 to 1.28; short-term debt falls from €29k to €28k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2021
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.
Rue des Roses Trémières(VD) 35020 NamurGround area
561 m²
Building footprint
122 m²
Volume, LiDAR
514 m³
Parcel 92128C0024/00S000, Wallonia · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
XPANSION
since 20212.324.884.122
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92128C0024/00S000 | Wallonia | 561 m² | 1 · 122 m² | 5.2 m · 1 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.
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WANDERLAND AGENCY BELGIUM
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DINGLEDODIES
BE 0766.891.896
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Of 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,573 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
70200Business and other management consultancy
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.