Xprojects
ActiveSummary
Xprojects has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €537,663 and a net result of €148,845. Equity has been growing by about 40% per year since 2019. Its solvency ranks better than 74% of 913 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-06-2017 Normal situation
- Activity
- Joinery installation NACE 43320and 4 others
- Joint committee
- 126 Paritair Comité voor de stoffering en de houtbewerking · annual accounts 31-03-2026
- Establishment unit
- 2.265.965.134 9450 Haaltert, since 12-06-2017
- Financial year end
- 31 March
- Peppol
- Reachable since 16-09-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €391,158
- ▼ 12.6%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €148,845
- ▼ 12.8%
- Equity
- €537,663
- ▲ 34.0%
- Total assets
- €731,566
- ▲ 12.4%
- Employees on 31-03-2026
- 3
- ▼ 40.0%
Score breakdownlowers riskLiquidity: current ratio 4.56, cash €383,948Equity €537,663 (73.5% of total assets)Figures for financial year 2026 (filed on 27-10-2026)Size: total assets €731,566Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 43, micro). It does better than 79% of them on solvency, 93% on liquidity, 80% on profitability and 77% on growth.
The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 23-10-2026 at the NBB all 8 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2026 is 13% lower than in 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 3 |
| full-time | 4 | 4 | 4 | 2 |
| part-time | 1 | 1 | 1 | 1 |
| in full-time equivalents | 4.9 | 4.9 | 4.9 | 2.9 |
| Average over the year, in full-time equivalents | 3.4 | - | 4.9 | 3.4 |
| On a permanent contract | 5 | 5 | 5 | 3 |
| Joined | 4 | 0 | 0 | 1 |
| Left | 2 | 0 | 0 | 3 |
| Training hours | - | 0 | 143 | - |
Source: social balance sheet in the 2023 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,350 | €228,075 | €32,597 | €7,302 | €11,985 |
| Intangible fixed assets | - | - | €5,910 | - | - |
| Depreciation and write-downs of the year | €41,124 | €33,516 | €41,857 | €45,120 | €44,273 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €58,209 awarded · €58,209 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €8,226 | €8,226 |
| 2024 | 2 | €16,233 | €16,233 |
| 2023 | 3 | €24,503 | €24,503 |
| 2022 | 2 | €9,247 | €9,247 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €42,691 | €2,481 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €101,393 | €158,121 | €224,972 | €170,884 | €145,521 | ▼ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,137 | €59,598 | €50,262 | €41,124 | €33,516 | €41,857 | €45,120 | €44,273 | ▼ 1.9% |
| Other operating charges640/8 | - | - | - | €2,535 | €874 | €1,190 | €1,320 | €1,184 | ▼ 10.3% |
| Non-recurring operating charges66A | - | - | - | €1,555 | €0 | €495 | €0 | - | - |
| Gross operating margin9900 | €60,120 | €108,230 | €153,098 | €217,099 | €422,434 | €300,795 | €447,562 | €391,158 | ▼ 12.6% |
| Operating profit (loss)9901 | -€17,929 | €37,558 | €48,263 | €70,493 | €229,923 | €32,281 | €230,239 | €200,181 | ▼ 13.1% |
| Financial income75/76B | - | - | - | €4 | €4 | €19 | €31 | €24 | ▼ 21.4% |
| Recurring financial income75 | €112 | €6 | €5 | €4 | €4 | €19 | €31 | €24 | ▼ 21.4% |
| Financial charges65/66B | - | - | - | €2,658 | €3,649 | €10,359 | €11,705 | €10,569 | ▼ 9.7% |
| Recurring financial charges65 | €3,391 | €2,192 | €2,691 | €2,658 | €3,649 | €10,359 | €11,705 | €10,569 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | -€21,208 | €35,372 | €45,576 | €67,839 | €226,278 | €21,941 | €218,564 | €189,636 | ▼ 13.2% |
| Income taxes67/77 | €395 | €1,417 | €12,227 | €19,962 | €57,614 | €2,221 | €47,955 | €40,791 | ▼ 14.9% |
| Profit (loss) for the period9904 | -€21,603 | €33,955 | €33,349 | €47,877 | €168,664 | €19,720 | €170,609 | €148,845 | ▼ 12.8% |
| Profit (loss) for the period to be appropriated9905 | -€21,603 | €33,955 | €33,349 | €47,877 | €168,664 | €19,720 | €170,609 | €148,845 | ▼ 12.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €365,799 | €328,170 | €365,132 | €376,805 | €600,574 | €557,574 | €650,809 | €731,566 | ▲ 12.4% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €261,025 | €202,299 | €156,886 | €116,958 | €264,208 | €249,844 | €212,026 | €179,738 | ▼ 15.2% |
| Intangible fixed assets21 | €5,985 | €5,670 | €5,355 | €5,040 | €4,725 | €10,021 | €9,115 | €8,209 | ▼ 9.9% |
| Tangible fixed assets22/27 | €255,040 | €196,629 | €151,531 | €111,918 | €259,483 | €239,823 | €202,911 | €171,530 | ▼ 15.5% |
| Plant, machinery and equipment23 | - | - | - | €100,209 | €255,513 | €228,538 | €197,555 | €167,104 | ▼ 15.4% |
| Furniture and vehicles24 | - | - | - | €11,708 | €3,971 | €8,791 | €5,091 | €4,426 | ▼ 13.1% |
| Other tangible fixed assets26 | - | - | - | - | - | €2,494 | €265 | €0 | ▼ 100% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €104,775 | €125,872 | €208,246 | €259,848 | €336,365 | €307,730 | €438,783 | €551,828 | ▲ 25.8% |
| Stocks and contracts in progress3 | €12,484 | €16,284 | €10,788 | €23,321 | €28,674 | €20,144 | €33,744 | €46,526 | ▲ 37.9% |
| Stocks30/36 | - | - | - | €23,321 | €28,674 | €20,144 | €33,744 | €46,526 | ▲ 37.9% |
| Amounts receivable within one year40/41 | €51,830 | €30,699 | €44,287 | €146,165 | €173,426 | €182,811 | €93,392 | €118,454 | ▲ 26.8% |
| Trade receivables40 | - | - | - | €141,807 | €171,486 | €163,969 | €91,269 | €104,210 | ▲ 14.2% |
| Other amounts receivable41 | - | - | - | €4,358 | €1,940 | €18,842 | €2,123 | €14,244 | ▲ 571% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €34,974 | €75,899 | €150,468 | €87,515 | €132,772 | €95,856 | €310,114 | €383,948 | ▲ 23.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,847 | €1,493 | €8,919 | €1,534 | €2,900 | ▲ 89.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €365,799 | €328,170 | €365,132 | €376,805 | €600,574 | €557,574 | €650,809 | €731,566 | ▲ 12.4% |
| Equity10/15 | -€3,003 | €30,952 | €64,301 | €112,178 | €280,842 | €300,561 | €401,170 | €537,663 | ▲ 34.0% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | €12,352 | €45,701 | €93,578 | €262,242 | €281,961 | €382,570 | €519,063 | ▲ 35.7% |
| Distributable reserves133 | - | - | - | €93,578 | €262,242 | €281,961 | €382,570 | €519,063 | ▲ 35.7% |
| Profit (loss) carried forward14 | -€21,603 | €0 | €0 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €368,802 | €297,218 | €300,831 | €264,627 | €319,732 | €257,012 | €249,639 | €193,903 | ▼ 22.3% |
| Amounts payable after more than one year17 | €276,515 | €249,032 | €224,384 | €152,636 | €139,121 | €102,921 | €86,733 | €72,918 | ▼ 15.9% |
| Financial debts170/4 | - | - | - | €42,549 | €79,034 | €42,833 | €26,646 | €9,965 | ▼ 62.6% |
| Other amounts payable178/9 | - | - | - | €110,087 | €60,087 | €60,087 | €60,087 | €62,953 | ▲ 4.8% |
| Amounts payable within one year42/48 | €91,701 | €45,392 | €76,214 | €111,320 | €180,611 | €153,327 | €159,179 | €120,966 | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €21,748 | €37,298 | €36,201 | €16,187 | €16,681 | ▲ 3.1% |
| Trade debts44 | €47,426 | - | €13,299 | €19,369 | €24,607 | €17,289 | €11,108 | €34,472 | ▲ 210% |
| Suppliers440/4 | - | - | - | €19,369 | €24,607 | €17,289 | €11,108 | €34,472 | ▲ 210% |
| Taxes, remuneration and social security45 | - | - | - | €49,978 | €96,296 | €70,689 | €42,212 | €39,974 | ▼ 5.3% |
| Taxes450/3 | - | - | - | €44,591 | €79,235 | €28,317 | €23,883 | €18,340 | ▼ 23.2% |
| Remuneration and social security454/9 | - | - | - | €5,387 | €17,061 | €42,372 | €18,328 | €21,634 | ▲ 18.0% |
| Other amounts payable47/48 | - | - | - | €20,225 | €22,410 | €29,148 | €89,672 | €29,839 | ▼ 66.7% |
| Accrued charges and deferred income492/3 | - | - | - | €672 | €0 | €765 | €3,726 | €19 | ▼ 99.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,603 | €33,955 | €33,349 | €47,877 | €168,664 | €19,720 | €170,609 | €148,845 | ▼ 12.8% |
| + Depreciation and write-downs630 | €76,137 | €59,598 | €50,262 | €41,124 | €33,516 | €41,857 | €45,120 | €44,273 | ▼ 1.9% |
| Operating cash flow (approximation) | €54,534 | €93,553 | €83,611 | €89,001 | €202,180 | €61,576 | €215,729 | €193,117 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€872 | -€4,850 | -€1,195 | -€180,766 | -€27,492 | -€7,302 | -€11,985 | ▼ 64.1% |
| Change in cash | - | €40,925 | €74,570 | -€62,954 | €45,257 | -€36,916 | €214,258 | €73,834 | ▼ 65.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as Xprojects has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Xprojects itself is lower: < 0.1% within 12 months. It rests on far more data about Xprojects than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Xprojects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 23-10-2026 | 2026-00568388 | |
| 31-03-2025 | micro format | 23-09-2025 | 2025-00501598 | |
| 31-03-2024 | micro format | 21-10-2024 | 2024-00511542 | |
| 31-03-2023 | micro format | 31-10-2023 | 2023-00502959 | |
| 31-03-2022 | micro format | 24-10-2022 | 2022-20473283 | |
| 31-03-2021 | micro format | 30-11-2021 | 2021-78800139 | |
| 31-03-2020 | micro format | 30-10-2020 | 2020-65900598 | |
| 31-03-2019 | micro format | 13-02-2020 | 2020-05000219 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 03-02-2026 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jonathan Philips |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur; bij gebrek aan bepaling van de duurtijd wordt hun mandaat geacht van onbepaalde duur te zijn, 1”
Articles of association, deed of 03-02-2026 (in Dutch)
Network & group
Connections & network
See the function holders in the KBO register.
Timeline
Acts, filings and financial milestones
03-02
Gazette deed
Resignation: Jonathan Philips (director)Reappointment: Jonathan Philips (director) · Declaration · Amendment of the articles10 points ▸
- General meeting, 18-11-2025
- Declaration, “verklaring éénhoofdigheid, alle aandelen van de vennootschap verenigd zijn in één hand” (deed in Dutch)
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “opheffing en beschikbaar maken voor uitkering, statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Capital
- Director resignation, Jonathan Philips (director)
- Director reappointment, Jonathan Philips (director)
- Other provision, “info@xprojects.be, www.xprojects.be” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
19 activities
- De vervaardiging en montage van buiten- en binnenschrijnwerk in hout, kunststof of metaal in de meest ruime zin.
- De installatie van al dan niet verplaatsbare tussenwanden, alsook de bekleding van vloeren, wanden en plafonds.
- Het bleken, verven, voorbereiden en bedrukken van textielvezels, garens, weefsels, stoffen confectieartikelen. Alsook het drogen, stomen, repareren, krimpen,... van niet zelf geproduceerd textiel.
- De vervaardiging en montage van gesmede werkstukken voor de bouw en het vervaardigen van keukenmeubelen en modulaire meubelelementen.
- De ontwikkeling van zowel residentiële als niet-residentiële bouwprojecten, alsook de projectontwikkeling voor de bouw en de bouw ervan in de meest ruime zin.
- Het aanbrengen van glas en spiegels, alsook het verrichten van dakwerkzaamheden in de meest ruime zin.
- Het reinigen en afwerken van (nieuwe) gebouwen na beëindiging van de bouwwerkzaamheden en het waterdicht maken van daken en muren.
- Het optrekken en afbreken, alsook het verhuren van steigers en werkplatforms.
- De groot- en kleinhandel in kleding, elektrische apparaten, behang, ijzerwaren, kantoormaterialen, (huishoud)textiel, fournituren, behang, meubelen, inbouwkeukens, verlichtingsartikelen, huishoudapparaten, lectuur, muziek, cosmetica, toilet- en decoratieartikelen, uurwerken en sieraden.
- Het ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen.
- Het verrichten van allerlei diensten in de meest ruime zin op het gebied van informatietechnologie en computerinformatica.
- Het ontwerpen en voeren van reclame- en promotiecampagnes via de verschillende media en het aanbieden van reclameruimte.
- Het investeren in, aankopen en verkopen, ruilen, huren en verhuren van onroerende goederen of delen ervan voor industriële-, bureel-, recreatie-, bedrijfs-of privé-doeleinden en het verkrijgen en verstrekken van zakelijke rechten terzake, met uitsluiting van de activiteiten waarvoor een bijzondere erkenning is vereist, indien deze erkenning niet is verkregen.
- Patrimoniumbeheer, aankoop, verkoop, huur of verhuur, huurfinanciering, bouwen, doen bouwen, onderhouden, verkavelen, prospecteren en uitbaten en terbeschikkingstelling van roerende en onroerende goederen.
- Alle roerende- en onroerende, industriële, commerciële of financiële verrichtingen doorvoeren die in verband staan met haar voorwerp en alle handelingen stellen die rechtstreeks of onrechtstreeks de verwezenlijking ervan kunnen bevorderen.
- Het vervullen van de functie van tussenpersoon en het verwerven van commissies en vergoedingen terzake in de meest ruime zin.
- Het begeleiden en adviseren van derden bij de inrichting en uitbating van aanverwante handelszaken.
- Het participeren in ondernemingen, opnemen van mandaten als zaakvoerder, bestuurder of vereffenaar in andere ondernemingen.
- Het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten vennootschappen.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0676.721.785
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Dual-learning approval
6 endedSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41024A0445/00W000 | Flanders | 1,428 m² | 1 · 462 m² | 7.7 m · 2 |