XPS
ActiveSummary
XPS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €294,218. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 95% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210,000 at 30 days acceptable
Liquidity ample (current ratio 27.79 against 19.2 in 2024; short-term debt: 3% and cash: 16% of total assets), and 3.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
96.9%
Return on assets
11.7%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
42 d early
2023
50 d early
2022
39 d early
2021
40 d early
2020
45 d early
2019
38 d early
← 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 42 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2.4m▲ 13.8%
2024 · €2.1m
Total assets
€2.5m▲ 12.3%
2024 · €2.2m
Net result
€294,218▼ 13.8%
2024 · €341,482
Working capital
€2.0m▲ 17.8%
2024 · €1.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€464,201▲ 22.1%€501,633▲ 8.1%€584,414▲ 16.5%€482,235▼ 17.5%€404,668▼ 16.1%
Net result€325,089above the sector's middle half▲ 63.0%€328,892above the sector's middle half▲ 1.2%€405,968above the sector's middle half▲ 23.4%€341,482above the sector's middle half▼ 15.9%€294,218above the sector's middle half▼ 13.8%
Equity€1.4mabove the sector's middle half▲ 16.5%€1.4mabove the sector's middle half▲ 0.5%€1.8mabove the sector's middle half▲ 29.2%€2.1mabove the sector's middle half▲ 19.0%€2.4mabove the sector's middle half▲ 13.8%
Total assets€1.6mabove the sector's middle half▲ 28.2%€1.8mabove the sector's middle half▲ 12.6%€1.9mabove the sector's middle half▲ 2.4%€2.2mabove the sector's middle half▲ 18.6%€2.5mabove the sector's middle half▲ 12.3%
Debt€249,691▲ 189%€449,252▲ 79.9%€87,570▼ 80.5%€96,056▲ 9.7%€77,397▼ 19.4%
Working capital€998,698▲ 24.7%€945,195▼ 5.4%€1.4m▲ 43.9%€1.7m▲ 25.8%€2.0m▲ 17.8%
Solvency84.7%above the sector's middle half▼ 8.5pp75.6%within the sector's middle half▼ 9.1pp95.4%above the sector's middle half▲ 19.8pp95.7%above the sector's middle half▲ 0.3pp96.9%above the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€419,540 ▼ 2.5%
Current assets
€2.1m ▲ 15.9%
Equity and liabilities €2.5m
Equity
€2.4m ▲ 13.8%
Debt
€77,397 ▼ 19.4%
Debt's share of the balance-sheet total falls from 4.3% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€417,523▼
2024 · €495,102
Cash flow
€307,073▼
2024 · €354,349
Current ratio
27.79▲
2024 · 19.20
Debt to equity
0.03▼
2024 · 0.04
ROE
12.1%▼
2024 · 16.0%
ROA
11.7%▼
2024 · 15.3%
Interest coverage
5693.75▲
2024 · -60.48
Debt ≤ 1 year
€75,229▼
2024 · €93,955
Income taxes
€130,607▼
2024 · €150,812
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,306 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €220 | €817 | €12,739 | €12,867 | €12,855 | ▼ 0.1% |
| Other operating charges640/8 | - | €9,781 | €22,752 | €18,266 | €23,211 | ▲ 27.1% |
| Gross operating margin9900 | €467,761 | €512,231 | €619,905 | €513,368 | €440,734 | ▼ 14.1% |
| Operating profit (loss)9901 | €464,201 | €501,633 | €584,414 | €482,235 | €404,668 | ▼ 16.1% |
| Financial income75/76B | - | €13,398 | €2,374 | €1,873 | €20,231 | ▲ 980% |
| Recurring financial income75 | €7,230 | €13,398 | €2,374 | €1,873 | €20,231 | ▲ 980% |
| Financial charges65/66B | - | €31,721 | -€1,743 | -€8,186 | €73 | ▲ 101% |
| Recurring financial charges65 | €2,045 | €31,721 | -€1,743 | -€8,186 | €73 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | €469,386 | €483,310 | €588,530 | €492,293 | €424,826 | ▼ 13.7% |
| Income taxes67/77 | €144,297 | €154,418 | €182,563 | €150,812 | €130,607 | ▼ 13.4% |
| Profit (loss) for the period9904 | €325,089 | €328,892 | €405,968 | €341,482 | €294,218 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €325,089 | €328,892 | €405,968 | €341,482 | €294,218 | ▼ 13.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.8m | €1.9m | €2.2m | €2.5m | ▲ 12.3% |
| Fixed assets21/28 | €390,995 | €453,055 | €441,113 | €430,296 | €419,540 | ▼ 2.5% |
| Tangible fixed assets22/27 | €390,995 | €453,055 | €441,113 | €430,296 | €419,540 | ▼ 2.5% |
| Land and buildings22 | - | €390,612 | €390,612 | €390,612 | €390,612 | = |
| Plant, machinery and equipment23 | - | €2,223 | €2,707 | €2,103 | €1,498 | ▼ 28.7% |
| Furniture and vehicles24 | - | €60,219 | €47,794 | €37,581 | €27,429 | ▼ 27.0% |
| Current assets29/58 | €1.2m | €1.4m | €1.4m | €1.8m | €2.1m | ▲ 15.9% |
| Amounts receivable within one year40/41 | €247,317 | €300,595 | €177,355 | €290,983 | €189,927 | ▼ 34.7% |
| Trade receivables40 | - | €300,385 | €177,309 | €290,983 | €189,927 | ▼ 34.7% |
| Other amounts receivable41 | - | €210 | €46 | - | - | - |
| Current investments50/53 | €505,391 | €486,924 | €490,983 | €980,358 | €1.5m | ▲ 52.6% |
| Cash at bank and in hand54/58 | €488,580 | €597,487 | €773,017 | €530,944 | €402,874 | ▼ 24.1% |
| Deferred charges and accrued income490/1 | - | €2,333 | €2,209 | €2,065 | €2,246 | ▲ 8.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €1.9m | €2.2m | €2.5m | ▲ 12.3% |
| Equity10/15 | €1.4m | €1.4m | €1.8m | €2.1m | €2.4m | ▲ 13.8% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.4m | €1.4m | €1.8m | €2.1m | €2.4m | ▲ 13.8% |
| Non-distributable reserves130/1 | - | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,900 | - | - | - | - |
| Distributable reserves133 | - | €1.4m | €1.8m | €2.1m | €2.4m | ▲ 13.8% |
| Amounts payable17/49 | €249,691 | €449,252 | €87,570 | €96,056 | €77,397 | ▼ 19.4% |
| Amounts payable within one year42/48 | €244,246 | €442,144 | €83,805 | €93,955 | €75,229 | ▼ 19.9% |
| Trade debts44 | €1,434 | €2,872 | €1,266 | €1,249 | €3,609 | ▲ 189% |
| Suppliers440/4 | - | €2,872 | €1,266 | €1,249 | €3,609 | ▲ 189% |
| Taxes, remuneration and social security45 | - | €96,800 | €81,291 | €76,752 | €56,979 | ▼ 25.8% |
| Taxes450/3 | - | €93,252 | €81,291 | €73,045 | €53,249 | ▼ 27.1% |
| Remuneration and social security454/9 | - | €3,548 | - | €3,706 | €3,730 | ▲ 0.7% |
| Other amounts payable47/48 | - | €342,473 | €1,248 | €15,955 | €14,640 | ▼ 8.2% |
| Accrued charges and deferred income492/3 | - | €7,109 | €3,765 | €2,101 | €2,168 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €325,089 | €328,892 | €405,968 | €341,482 | €294,218 | ▼ 13.8% |
| + Depreciation and write-downs630 | €220 | €817 | €12,739 | €12,867 | €12,855 | ▼ 0.1% |
| Operating cash flow (approximation) | €325,309 | €329,709 | €418,707 | €354,349 | €307,073 | ▼ 13.3% |
| Investment in fixed assets (approximation) | - | -€62,876 | -€798 | -€2,050 | -€2,098 | ▼ 2.4% |
| Change in cash | - | €108,907 | €175,530 | -€242,073 | -€128,070 | ▲ 47.1% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Equity above €2mEq €2.1m ▲19%
6 profitable years in a row build equity to €2.1m.
2023
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Highest result since 2019net €405,968 ▲23.4%
Operating result €584,414, net result €405,968, both a record.
30-06
Financial
Liquidity times 5current ratio 17.23
Current ratio from 3.14 to 17.23; short-term debt falls from €442,144 to €83,805.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
28-12
State Gazette act
Board meeting · Director appointment
Permanent representative · Accounting effect
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
25-09
State Gazette act
Board meeting · Director resignation
Permanent representative · Board composition
12-08
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
Show earlier events
30-06
Financial
Equity above €1mEq €1.2m ▲19.5%
2 profitable years in a row build equity to €1.2m.
2019
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
20-08
State Gazette act
Board meeting · Permanent representative
Director resignation · Director appointment
20-08
State Gazette act
General meeting · Director appointment
Permanent representative · Director resignation
13-08
State Gazette act
General meeting · Permanent representative
Director appointment · Permanent representative removal
2018
26-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2011
Ground area
1,264 m²
Building footprint
136 m²
Volume, LiDAR
715 m³
Parcel 11007B0017/00B000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XPS
since 20112.199.972.569
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007B0017/00B000 | Flanders | 1,264 m² | 1 · 136 m² | 7.8 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
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 17,974 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
Founded14-06-2011
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836994489
Also
9925:BE0836994489
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.