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Xplore The North

Active
Public limited companyfounded 2015active for 11 yearsSteenhuffeldorp 14, 1840 Londerzeel, BelgiumKBO/BCE: BE 0628.622.356
Summary

Xplore The North has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.8m and a net result of €81,183. Equity is growing by about 6.6% per year across the filed financial years. Its solvency ranks better than 20% of 171 sector peers (NACE 79, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Travel agency, tour operator and other reservation service and related activities
NACE 79120
2nd largest company by total assets in Londerzeel, Administrative and support services sector1 site
Size
€6.9mturnover 2025
Staff
4.2 FTE
Equity
€6.8m
Profit
€81,183
Standalone figures, without subsidiaries
Financial health
80 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Down2Earth Capital II · 54.84%
Board
4 members
Holdings
3
Accounts 37 days early4 of 20 deeds read
Why 80raises riskLiquidity: current ratio 0.29, cash €379,489Equity €6.8m (14.8% of total assets)lowers riskFounded in 2015Legal form: public limited companyShow the evidence

Checked score

Score 2025
80 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 37% of its sector peers (NACE 79, micro)
Financial strength · tick = 2024
Average
Solvency 40+9
equity 14.8% of total assets
Liquidity 37-4
short-term debt 32.3% · cash 0.8%
Profitability 57+25
return on assets 0.2%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (999 companies, NACE 79, micro)
Last 24 months 11-2024: 1.3% 12-2024: 1.6%▲ +0.3 percentage points vs 11-2024 01-2025: 3.0%▲ +1.4 percentage points vs 12-2024 02-2025: 3.1%▲ +0.1 percentage points vs 01-2025 03-2025: 3.7%▲ +0.6 percentage points vs 02-2025 04-2025: 4.9%▲ +1.2 percentage points vs 03-2025highest value 05-2025: 0.8%▼ -4.1 percentage points vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.7%▼ -0.1 percentage points vs 09-2025 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 0.7%● unchanged vs 01-2026 03-2026: 0.7%● unchanged vs 02-2026 04-2026: 0.6%▼ -0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.5%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.5%● unchanged vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.29, compared with 0.32 in 2024, below 1; short-term debt: 32.3% and cash: 0.8% of total assets), and 85.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 79, micro): better than 25% on solvency, 20% on liquidity, 42% on profitability and 60% on growth.

The bankruptcy probability was computed on 17-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.29, cash €379,489
NBB · annual accounts
raises risk · Equity €6.8m (14.8% of total assets)
NBB · annual accounts
lowers risk · Founded in 2015
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Legal form: public limited company
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 171 sector peers (2025).
NBB · sector comparison
Position among 171 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
37 days early
2024
on the day
2023
25 days early
2022
108 days early
2021
33 days early
2020
15 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days before the deadline; the sector median (NACE 79) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end18-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · consolidated
  2. Annual accounts filedfinancial year 2025 · full…
  3. Appointments: Manefin BV, Consultservices CommV and…Permanent representatives: Matthias Neirynck, Philip…

Key points

  • Positive: Equity rose in 2025from €2.6m to €6.8m ▲ 159% View
  • Positive: 2nd largest company by total assets in Londerzeel, Administrative and support services…in the Checked rankings No. 2 View
  • New directorslatest change 23-02-2026 · 4 in office 4 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Down2Earth Capital IIthe company in turn controls 8 companies 54.84% View
  • Flemish supportawarded from 2022 to 2025 €522,546 View

By topic

Financials

Financial year
2025
Turnover
€6.9m
Profit
€81,183
Solvency
14.8%
Turnover▼ 19.9%
Net result
20212025
Go to Financials

Board & ownership

Board
4 members
Parent
Down2Earth Capital II · 54.84%
  • Consultservices CommVDirector
  • CoolPlaces BVDirector
  • Down2Earth Partners NVDirector
  • Manefin BVDirector
Go to Board & ownership

Timeline

Events
20
Since
2017
Next accounts
by 30-04-2027
  1. 30-09-2025Back to profit
  2. 30-09-2025Equity above €5m
  3. 25-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Travel agency, tour operator and other reservation service…NACE 79120
Founded
15-04-2015
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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