XPLOR
InactiveXPLOR was declared bankrupt on 25-06-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 07-01-2025, published in the Belgian State Gazette on 10-01-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 31-08-2022, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
61 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, abbreviated schema
Turnover
€127k
EBIT margin
5.7%
Net result
€34k▲ 3,897%
2020 · €846
2018: €7k
2019: €-10k
2020: €846
2018 → 2021
Working capital
€28k
2020 · €-7k
2018: €2k
2019: €-9k
2020: €-7k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€127k-
Equity€8k-€-2k€-850▲ 49.9%€33k
Operating result€7k-€-9k€2k€36k▲ 2,086%
Net result€7k-€-10k€846€34k▲ 3,897%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 2,086% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €52k
Fixed assets
€5k▼ 29.3%
Current assets
€47k▲ 1,291%
Equity and liabilities €52k
Equity
€33k
Debt
€19k
Debt finances 36.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€38k▲
2020 · €2k
Cash flow
€36k▲
2020 · €2k
Solvency
63.4%▲
2020 · -8.7%
Current ratio
2.50▲
2020 · 0.32
Quick ratio
2.50▲
2020 · 0.18
Debt / equity
0.58
ROE
102.6%
ROA
65.0%▲
2020 · 8.6%
Interest coverage
70.95
Debt
€19k▲
2020 · €11k
Debt ≤ 1 year
€19k▲
2020 · €11k
Income taxes
€2k
Staff costs
€44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€10k€52k▲
Fixed assets21/28€6k€5k▼
Intangible fixed assets21-€0
Tangible fixed assets22/27€2k€0▼
Financial fixed assets28€5k€5k=
Current assets29/58€3k€47k▲
Stocks and contracts in progress3€2k-
Cash at bank and in hand54/58€238€47k▲
Equity and liabilities
Total equity and liabilities10/49€10k€52k▲
Equity10/15€-850€33k▲
Contributions10/11-€19k
Reserves13€781€781=
Non-distributable reserves130/1-€781
Reserves not available under the articles1311-€781
Profit (loss) carried forward14€-20k€14k▲
Amounts payable17/49€11k€19k▲
Amounts payable within one year42/48€11k€19k▲
Trade debts44€1k-
Taxes, remuneration and social security45-€11k
Taxes450/3-€9k
Remuneration and social security454/9-€2k
Other amounts payable47/48-€8k
Income statement
Code20202021
Remuneration, social security and pensions62-€44k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€747€2k▲
Other operating charges640/8-€2k
Gross operating margin9900€30k€83k▲
Operating profit (loss)9901€2k€36k▲
Financial charges65/66B-€535
Recurring financial charges65€805€535▼
Profit (loss) for the period before taxes9903€846€36k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€846€34k▲
Profit (loss) for the period to be appropriated9905€846€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€14k
Profit (loss) brought forward from the previous period14P-€-20k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · XPLOR LEUVENSESTEENWEG 533 BUS 2, 1930 ZAVENTEM · event 07-01-2025
2024
20-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Brussel · XPLOR BV LEUVENSESTEENWEG 533/2, 1930 ZAVENTEM · event 09-07-2024
01-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · XPLOR BV LEUVENSE- STEENWEG 533/2, 1930 ZAVENTEM · event 25-06-2024
23-05
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · XPLOR LEUVENSE- STEENWEG 533 BUS 2, 1930 ZAVENTEM · event 14-05-2024
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €34k ▲3897%
Operating result €36k, net result €34k, both a record.
31-12
Financial
Liquidity times 8current ratio 2.50
Current ratio from 0.32 to 2.50.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €846
Net result €846 after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
31-12
Financial
Weakest financial yearnet €-10k ▼234%
Net result drops to €-10k, the lowest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
25-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
30-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
20-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 20 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MARC DEWAEL A. DE COCKPLEIN 9, 1831 DIEGEM- |
25-06-2024 → present |
| Curator | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
14-05-2024 → present |