Xpert4C
ActiveSummary
Xpert4C has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €67k. Equity is growing by ~24.9% per year across the filed fiscal years. Its solvency ranks better than 38% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+6
Solvency41▼-59
Growth55▼-14
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 16.7 in 2024; short-term debt: 84.5% and cash: 77.2% of total assets), and 84.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15.5%
Return on assets
51.1%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
on the day
2024
20 d late
2023
33 d late
2022
19 d late
2021
11 d late
2020
31 d late
2019
94 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€233k▲ 2.0%
2024 · €229k
2018: €166klowest in 8 years
2019: €174k▲ +4.7% vs 2018
2020: €182k▲ +4.6% vs 2019
2021: €192k▲ +5.4% vs 2020
2022: €214k▲ +11.7% vs 2021
2023: €379k▲ +77.2% vs 2022highest in 8 years
2024: €229k▼ -39.6% vs 2023
2025: €233k▲ +2.0% vs 2024
2018 → 2025
EBIT margin
37.9%▼ 6.9pp
2024 · 44.8%
2018: 24.8%lowest in 8 years
2019: 34.1%▲ +37.4% vs 2018
2020: 40.5%▲ +18.8% vs 2019
2021: 47.9%▲ +18.3% vs 2020
2022: 38.7%▼ -19.1% vs 2021
2023: 63.3%▲ +63.5% vs 2022highest in 8 years
2024: 44.8%▼ -29.3% vs 2023
2025: 37.9%▼ -15.3% vs 2024
2018 → 2025
Net result
€67k▼ 14.6%
2024 · €79k
2018: €33k
2019: €22k▼ -32.6% vs 2018lowest in 8 years
2020: €55k▲ +148% vs 2019
2021: €68k▲ +24.2% vs 2020
2022: €64k▼ -5.7% vs 2021
2023: €183k▲ +184% vs 2022highest in 8 years
2024: €79k▼ -56.8% vs 2023
2025: €67k▼ -14.6% vs 2024
2018 → 2025
Working capital
€12k▼ 97.2%
2024 · €416k
2018: €114k
2019: €136k▲ +19.4% vs 2018
2020: €190k▲ +40.4% vs 2019
2021: €247k▲ +30.0% vs 2020
2022: €155k▼ -37.5% vs 2021
2023: €341k▲ +121% vs 2022
2024: €416k▲ +21.9% vs 2023highest in 8 years
2025: €12k▼ -97.2% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€192k-€214k▲ 11.7%€379k▲ 77.2%€229k▼ 39.6%€233k▲ 2.0%
2021: €192klowest in 5 years
2022: €214k▲ +11.7% vs 2021
2023: €379k▲ +77.2% vs 2022highest in 5 years
2024: €229k▼ -39.6% vs 2023
2025: €233k▲ +2.0% vs 2024
Equity€259k-€159k▼ 38.6%€341k▲ 115%€420k▲ 23.1%€20k▼ 95.1%
2021: €259k
2022: €159k▼ -38.6% vs 2021
2023: €341k▲ +115% vs 2022
2024: €420k▲ +23.1% vs 2023highest in 5 years
2025: €20k▼ -95.1% vs 2024lowest in 5 years
Operating result€92k-€83k▼ 9.6%€240k▲ 190%€103k▼ 57.3%€89k▼ 13.7%
2021: €92k
2022: €83k▼ -9.6% vs 2021lowest in 5 years
2023: €240k▲ +190% vs 2022highest in 5 years
2024: €103k▼ -57.3% vs 2023
2025: €89k▼ -13.7% vs 2024
Net result€68k-€64k▼ 5.7%€183k▲ 184%€79k▼ 56.8%€67k▼ 14.6%
2021: €68k
2022: €64k▼ -5.7% vs 2021lowest in 5 years
2023: €183k▲ +184% vs 2022highest in 5 years
2024: €79k▼ -56.8% vs 2023
2025: €67k▼ -14.6% vs 2024
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €132k
Fixed assets
€9k ▲ 115%
Current assets
€123k ▼ 72.2%
Equity and liabilities €132k
Equity
€20k ▼ 95.1%
Debt
€111k ▲ 320%
Debt's share of the balance-sheet total rises from 5.9% to 84.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€90k▼
2024 · €103k
Cash flow
€69k▼
2024 · €79k
Current ratio
1.10▼
2024 · 16.70
Debt to equity
5.44▲
2024 · 0.06
ROE
329.1%▲
2024 · 18.8%
ROA
51.1%▲
2024 · 17.6%
Interest coverage
43.69▼
2024 · 440.42
Debt ≤ 1 year
€111k▲
2024 · €26k
Income taxes
€19k▼
2024 · €24k
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 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€447k€132k▼
Fixed assets21/28€4k€9k▲
Tangible fixed assets22/27€4k€9k▲
Plant, machinery and equipment23€4k€3k▼
Other tangible fixed assets26-€6k
Current assets29/58€442k€123k▼
Amounts receivable within one year40/41€30k€19k▼
Trade receivables40€25k€19k▼
Other amounts receivable41€5k€143▼
Cash at bank and in hand54/58€411k€102k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€447k€132k▼
Equity10/15€420k€20k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€400k-
Amounts payable17/49€26k€111k▲
Amounts payable within one year42/48€26k€111k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€9k€19k▲
Other amounts payable47/48€16k€90k▲
Income statement
Code20242025
Turnover70€229k€233k▲
Goods, raw materials, services and sundry goods60/61€125k€142k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€456€1k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€104k€92k▼
Operating profit (loss)9901€103k€89k▼
Financial charges65/66B€234€2k▲
Recurring financial charges65€234€2k▲
Profit (loss) for the period before taxes9903€102k€87k▼
Income taxes67/77€24k€19k▼
Profit (loss) for the period9904€79k€67k▼
Profit (loss) for the period to be appropriated9905€79k€67k▼
Appropriation of the result
Profit (loss) to be appropriated9906€400k€467k▲
Profit (loss) brought forward from the previous period14P€321k€400k▲
Profit to be distributed694/7-€467k
Return on contributions (dividend)694-€467k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €192k | €214k | €379k | €229k | €233k | ▲ 2.0% |
| Goods, raw materials, services and sundry goods60/61 | €96k | €123k | €134k | €125k | €142k | ▲ 13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €7k | €4k | €456 | €1k | ▲ 168% |
| Other operating charges640/8 | €973 | €962 | €1k | €1k | €2k | ▲ 45.0% |
| Gross operating margin9900 | €96k | €91k | €245k | €104k | €92k | ▼ 12.2% |
| Operating profit (loss)9901 | €92k | €83k | €240k | €103k | €89k | ▼ 13.7% |
| Financial income75/76B | €7 | €0 | €6 | - | - | - |
| Recurring financial income75 | €7 | €0 | €6 | - | - | - |
| Financial charges65/66B | €247 | €156 | €136 | €234 | €2k | ▲ 779% |
| Recurring financial charges65 | €247 | €156 | €136 | €234 | €2k | ▲ 779% |
| Profit (loss) for the period before taxes9903 | €92k | €83k | €240k | €102k | €87k | ▼ 15.5% |
| Income taxes67/77 | €23k | €19k | €57k | €24k | €19k | ▼ 18.5% |
| Profit (loss) for the period9904 | €68k | €64k | €183k | €79k | €67k | ▼ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €68k | €64k | €183k | €79k | €67k | ▼ 14.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279k | €378k | €370k | €447k | €132k | ▼ 70.5% |
| Fixed assets21/28 | €11k | €4k | - | €4k | €9k | ▲ 115% |
| Tangible fixed assets22/27 | €11k | €4k | - | €4k | €9k | ▲ 115% |
| Plant, machinery and equipment23 | - | - | - | €4k | €3k | ▼ 22.2% |
| Furniture and vehicles24 | €11k | €4k | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €6k | - |
| Current assets29/58 | €268k | €374k | €370k | €442k | €123k | ▼ 72.2% |
| Amounts receivable within one year40/41 | €24k | €55k | €54k | €30k | €19k | ▼ 35.7% |
| Trade receivables40 | €24k | €49k | €52k | €25k | €19k | ▼ 22.8% |
| Other amounts receivable41 | €30 | €7k | €3k | €5k | €143 | ▼ 97.3% |
| Cash at bank and in hand54/58 | €229k | €294k | €309k | €411k | €102k | ▼ 75.2% |
| Deferred charges and accrued income490/1 | €15k | €25k | €8k | €2k | €2k | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279k | €378k | €370k | €447k | €132k | ▼ 70.5% |
| Equity10/15 | €259k | €159k | €341k | €420k | €20k | ▼ 95.1% |
| Contributions10/11 | €6k | €19k | €20k | €20k | €20k | = |
| Capital10 | €6k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | - | - | - | - | - |
| Reserves13 | €2k | €2k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Profit (loss) carried forward14 | €250k | €138k | €321k | €400k | - | - |
| Amounts payable17/49 | €20k | €220k | €29k | €26k | €111k | ▲ 320% |
| Amounts payable within one year42/48 | €20k | €220k | €29k | €26k | €111k | ▲ 320% |
| Trade debts44 | €2k | €11k | €4k | €2k | €3k | ▲ 47.3% |
| Suppliers440/4 | €2k | €11k | €4k | €2k | €3k | ▲ 47.3% |
| Taxes, remuneration and social security45 | €8k | €40k | €14k | €9k | €19k | ▲ 121% |
| Taxes450/3 | €8k | €40k | €14k | €9k | €19k | ▲ 121% |
| Other amounts payable47/48 | €10k | €169k | €12k | €16k | €90k | ▲ 457% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €68k | €64k | €183k | €79k | €67k | ▼ 14.6% |
| + Depreciation and write-downs630 | €3k | €7k | €4k | €456 | €1k | ▲ 168% |
| Operating cash flow (approximation) | €71k | €71k | €187k | €79k | €69k | ▼ 13.5% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €-6k | - |
| Change in cash | - | €66k | €14k | €102k | €-309k | ▼ 403% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
31-12
Financial
Highest result since 2018net €183k ▲184%
Operating result €240k, net result €183k, both a record.
31-12
Financial
Liquidity times 7current ratio 12.71
Current ratio from 1.70 to 12.71; short-term debt falls from €220k to €29k.
31-12
Financial
Equity above €200kEq €341k ▲115%
6 profitable years in a row build equity to €341k.
19-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 19 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
31-12
Financial
Equity above €200kEq €259k ▲35.8%
4 profitable years in a row build equity to €259k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €190k ▲40.4%
3 profitable years in a row build equity to €190k.
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 94 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €22k ▼32.6%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 22 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Mons · 1 establishment unit since 2017
Ground area
2,586 m²
Building footprint
96 m²
Volume, LiDAR
343 m³
2 parcels, Wallonia · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Xpert4C
since 20172.263.854.789
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53038C0171/00R000 | Wallonia | 2,240 m² | 1 · 57 m² | - |
| 53404B0609/00L003 | Wallonia | 347 m² | 1 · 40 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,065 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
62100Computer programming
62200Computer consultancy and computer facilities management
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.