Summary
Xpertise is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €17.50M and a net result of €-220k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 51% of 2399 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 12-06-2026, 49 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
49 d early
2024
36 d early
2023
29 d early
2022
17 d early
2021
24 d early
2020
1 d early
← 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, full schema, statutory accounts
Equity
€17.50M▲ 18.9%
2024 · €14.72M
2019: €8.97M
2020: €8.93M▼ -0.4% vs 2019
2021: €8.69M▼ -2.8% vs 2020
2022: €8.65M▼ -0.4% vs 2021lowest in 7 years
2023: €14.81M▲ +71.1% vs 2022
2024: €14.72M▼ -0.6% vs 2023
2025: €17.50M▲ +18.9% vs 2024highest in 7 years
2019 → 2025
Net result
€-220k▼ 161%
2024 · €-84k
2019: €-3.70Mlowest in 7 years
2020: €-36k▲ +99.0% vs 2019
2021: €-247k▼ -587% vs 2020
2022: €-34k▲ +86.1% vs 2021
2023: €56k▲ +265% vs 2022highest in 7 years
2024: €-84k▼ -249% vs 2023
2025: €-220k▼ -161% vs 2024
2019 → 2025
Total assets
€28.35M▲ 12.4%
2024 · €25.22M
2019: €8.99M
2020: €8.96M▼ -0.4% vs 2019
2021: €8.72M▼ -2.6% vs 2020
2022: €8.69M▼ -0.3% vs 2021lowest in 7 years
2023: €14.84M▲ +70.6% vs 2022
2024: €25.22M▲ +70.0% vs 2023
2025: €28.35M▲ +12.4% vs 2024highest in 7 years
2019 → 2025
Solvency
61.8%▲ 3.4pp
2024 · 58.4%
2019: 99.8%
2020: 99.8%● -0.0% vs 2019
2021: 99.6%▼ -0.2% vs 2020
2022: 99.5%▼ -0.1% vs 2021
2023: 99.8%▲ +0.3% vs 2022highest in 7 years
2024: 58.4%▼ -41.5% vs 2023lowest in 7 years
2025: 61.8%▲ +5.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8.69M-€8.65M▼ 0.4%€14.81M▲ 71.1%€14.72M▼ 0.6%€17.50M▲ 18.9%
2021: €8.69M
2022: €8.65M▼ -0.4% vs 2021lowest in 5 years
2023: €14.81M▲ +71.1% vs 2022
2024: €14.72M▼ -0.6% vs 2023
2025: €17.50M▲ +18.9% vs 2024highest in 5 years
Operating result€-46k-€-37k▲ 19.4%€-57k▼ 52.4%€-60k▼ 5.3%€-45k▲ 24.2%
2021: €-46k
2022: €-37k▲ +19.4% vs 2021highest in 5 years
2023: €-57k▼ -52.4% vs 2022
2024: €-60k▼ -5.3% vs 2023lowest in 5 years
2025: €-45k▲ +24.2% vs 2024
Net result€-247k-€-34k▲ 86.1%€56k€-84k€-220k▼ 161%
2021: €-247klowest in 5 years
2022: €-34k▲ +86.1% vs 2021
2023: €56k▲ +265% vs 2022highest in 5 years
2024: €-84k▼ -249% vs 2023
2025: €-220k▼ -161% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45k in 2025 against €60k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.35M
Fixed assets
€26.60M ▲ 12.7%
Current assets
€1.74M ▲ 7.7%
Equity and liabilities €28.35M
Equity
€17.50M ▲ 18.9%
Debt
€10.84M ▲ 3.3%
Debt's share of the balance-sheet total falls from 41.6% to 38.2%. Equity and debt are higher.
Key figures and ratios
ROE
-1.3%▼
2024 · -0.6%
ROA
-0.8%▼
2024 · -0.3%
Debt ≤ 1 year
€2.06M▲
2024 · €89k
Debt > 1 year
€8.71M▼
2024 · €10.41M
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25.22M€28.35M▲
Fixed assets21/28€23.60M€26.60M▲
Financial fixed assets28€23.60M€26.60M▲
Affiliated companies280/1€23.60M€26.60M▲
Participating interests280€23.60M€26.60M▲
Current assets29/58€1.62M€1.74M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.54M€1.60M▲
Trade receivables40€91k€168▼
Other amounts receivable41€1.45M€1.60M▲
Cash at bank and in hand54/58€19k€14k▼
Deferred charges and accrued income490/1€61k€126k▲
Equity and liabilities
Total equity and liabilities10/49€25.22M€28.35M▲
Equity10/15€14.72M€17.50M▲
Contributions10/11€18.77M€21.77M▲
Capital10€12.68M€12.69M=
Issued capital100€12.68M€12.69M=
Outside capital11€6.09M€9.09M▲
Share premium1100/10€6.09M€9.09M▲
Profit (loss) carried forward14€-4.05M€-4.27M▼
Amounts payable17/49€10.50M€10.84M▲
Amounts payable after more than one year17€10.41M€8.71M▼
Financial debts170/4€10.41M€8.71M▼
Other loans174€10.41M€8.71M▼
Amounts payable within one year42/48€89k€2.06M▲
Trade debts44€75k€60k▼
Suppliers440/4€75k€60k▼
Taxes, remuneration and social security45€15k€0▼
Taxes450/3€15k€0▼
Other amounts payable47/48-€2.00M
Accrued charges and deferred income492/3-€73k
Income statement
Code20242025
Operating income70/76A€25k€0▼
Other operating income74€25k€0▼
Operating charges60/66A€85k€45k▼
Services and other goods61€61k€36k▼
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€22k€8k▼
Operating profit (loss)9901€-60k€-45k▲
Financial income75/76B€140k€66k▼
Recurring financial income75€140k€66k▼
Income from current assets751€140k€66k▼
Financial charges65/66B€165k€241k▲
Recurring financial charges65€165k€241k▲
Debt charges650€164k€240k▲
Other financial charges652/9€716€1k▲
Profit (loss) for the period before taxes9903€-84k€-220k▼
Profit (loss) for the period9904€-84k€-220k▼
Profit (loss) for the period to be appropriated9905€-84k€-220k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-4.05M€-4.27M▼
Profit (loss) brought forward from the previous period14P€-3.96M€-4.05M▼
The notes to these accounts (31 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €12k | €12k | €30k | €25k | €0 | ▼ 100% |
| Other operating income74 | €12k | €12k | €30k | €25k | €0 | ▼ 100% |
| Operating charges60/66A | €58k | €49k | €86k | €85k | €45k | ▼ 46.7% |
| Services and other goods61 | €47k | €48k | €62k | €61k | €36k | ▼ 41.7% |
| Other operating charges640/8 | €4k | €1k | €677 | €1k | €1k | ▼ 16.7% |
| Non-recurring operating charges66A | €8k | €0 | €24k | €22k | €8k | ▼ 62.3% |
| Operating profit (loss)9901 | €-46k | €-37k | €-57k | €-60k | €-45k | ▲ 24.2% |
| Financial income75/76B | €3k | €3k | €158k | €140k | €66k | ▼ 53.3% |
| Recurring financial income75 | €3k | €3k | €158k | €140k | €66k | ▼ 53.3% |
| Income from current assets751 | €3k | €3k | €158k | €140k | €66k | ▼ 53.3% |
| Other financial income752/9 | €0 | €0 | - | - | - | - |
| Financial charges65/66B | €204k | €474 | €45k | €165k | €241k | ▲ 45.7% |
| Recurring financial charges65 | €509 | €474 | €45k | €165k | €241k | ▲ 45.7% |
| Debt charges650 | €5 | €0 | €43k | €164k | €240k | ▲ 45.7% |
| Other financial charges652/9 | €504 | €474 | €1k | €716 | €1k | ▲ 49.1% |
| Non-recurring financial charges66B | €204k | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-247k | €-34k | €56k | €-84k | €-220k | ▼ 161% |
| Profit (loss) for the period9904 | €-247k | €-34k | €56k | €-84k | €-220k | ▼ 161% |
| Profit (loss) for the period to be appropriated9905 | €-247k | €-34k | €56k | €-84k | €-220k | ▼ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.72M | €8.69M | €14.84M | €25.22M | €28.35M | ▲ 12.4% |
| Fixed assets21/28 | €8.29M | €8.29M | €8.29M | €23.60M | €26.60M | ▲ 12.7% |
| Financial fixed assets28 | €8.29M | €8.29M | €8.29M | €23.60M | €26.60M | ▲ 12.7% |
| Affiliated companies280/1 | €8.29M | €8.29M | €8.29M | €23.60M | €26.60M | ▲ 12.7% |
| Participating interests280 | €8.29M | €8.29M | €8.29M | €23.60M | €26.60M | ▲ 12.7% |
| Current assets29/58 | €438k | €410k | €6.55M | €1.62M | €1.74M | ▲ 7.7% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €277k | €369k | €6.37M | €1.54M | €1.60M | ▲ 4.1% |
| Trade receivables40 | €12k | €12k | €24k | €91k | €168 | ▼ 99.8% |
| Other amounts receivable41 | €265k | €357k | €6.35M | €1.45M | €1.60M | ▲ 10.7% |
| Cash at bank and in hand54/58 | €158k | €38k | €16k | €19k | €14k | ▼ 22.6% |
| Deferred charges and accrued income490/1 | €4k | €3k | €161k | €61k | €126k | ▲ 108% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.72M | €8.69M | €14.84M | €25.22M | €28.35M | ▲ 12.4% |
| Equity10/15 | €8.69M | €8.65M | €14.81M | €14.72M | €17.50M | ▲ 18.9% |
| Contributions10/11 | €12.67M | €12.67M | €18.77M | €18.77M | €21.77M | ▲ 16.0% |
| Capital10 | €12.67M | €12.67M | €12.68M | €12.68M | €12.69M | = |
| Issued capital100 | €12.67M | €12.67M | €12.68M | €12.68M | €12.69M | = |
| Outside capital11 | - | - | €6.09M | €6.09M | €9.09M | ▲ 49.2% |
| Share premium1100/10 | - | - | €6.09M | €6.09M | €9.09M | ▲ 49.2% |
| Profit (loss) carried forward14 | €-3.98M | €-4.02M | €-3.96M | €-4.05M | €-4.27M | ▼ 5.4% |
| Amounts payable17/49 | €36k | €42k | €27k | €10.50M | €10.84M | ▲ 3.3% |
| Amounts payable after more than one year17 | - | - | - | €10.41M | €8.71M | ▼ 16.3% |
| Financial debts170/4 | - | - | - | €10.41M | €8.71M | ▼ 16.3% |
| Other loans174 | - | - | - | €10.41M | €8.71M | ▼ 16.3% |
| Amounts payable within one year42/48 | €36k | €42k | €27k | €89k | €2.06M | ▲ 2,209% |
| Trade debts44 | €36k | €42k | €27k | €75k | €60k | ▼ 20.1% |
| Suppliers440/4 | €36k | €42k | €27k | €75k | €60k | ▼ 20.1% |
| Taxes, remuneration and social security45 | - | - | - | €15k | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €15k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | - | €2.00M | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €73k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-247k | €-34k | €56k | €-84k | €-220k | ▼ 161% |
| Operating cash flow (approximation) | €-247k | €-34k | €56k | €-84k | €-220k | ▼ 161% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-15.32M | €-3.00M | ▲ 80.4% |
| Change in cash | - | €-119k | €-23k | €3k | €-4k | ▼ 241% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
10-05
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2023
31-12
Financial
Back to profitnet €56k
Net result €56k after 4 loss-making years.
31-12
Financial
Liquidity times 25current ratio 240.94
Current ratio from 9.76 to 240.94; short-term debt falls from €42k to €27k.
31-12
Financial
Equity above €10MEq €14.81M ▲71.1%
Equity rises from €8.65M to €14.81M.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Show earlier events
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
2019
17-04
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
29-03
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 21 acts read
About the unread acts
We know of 21 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
21 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, Hasselt · 1 establishment unit since 2018
Ground area
1,897 m²
Building footprint
523 m²
Volume, LiDAR
3,454 m³
Parcel 71322B0247/00N000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Xpertise
since 20182.276.575.449
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322B0247/00N000 | Flanders | 1,897 m² | 1 · 523 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared director
→
Ownership & control
1 subsidiaryXpertiseBE 0692.681.948
controls
Where this company holds controlsubsidiary per the LEI register1
Hasselt
Recognitions · licences · registrations
Legal Entity Identifier
549300XEA234SL69PI49
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Of 152 companies in sector 64310 we hold annual accounts for 73. 28 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64310Financial service activities, except insurance and pension funding
64910Financial service activities, except insurance and pension funding
64999Other financial services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Scores and ratios are computed by Checked and are not a credit decision.