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XPT-Engineering

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Private limited company (pre-2019)founded 2009active for 17 yearsPicardiëlaan 22, 2970 Schilde, BelgiumKBO/BCE: BE 0818.632.785
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XPT-EngineeringActiveChecked score 93/100
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Financials · financial year 2026, abbreviated format

Annual accounts 2026 filed on 28-10-2026 at the NBB all 16 filings

Turnover
≈ €170,000
Estimated: probably between €120,000 and €260,000
Total assets
€591,468▲ 15.9%
2025 · €510,322
Net result
€6,480▼ 83.9%
2025 · €40,123
Working capital
€37,796
2025 · -€24,782
Multi-year overview
2019 to 2026, 8 financial years
Operating result
€22,867
2026
20192026
Net result
€6,480
▼ 83.9% 2026
20192026
Equity
€236,064
▲ 2.8% 2026
20192026
Total assets
€591,468
▲ 15.9% 2026
20192026
Debt
€355,404
▲ 26.6% 2026
20192026
Working capital
€37,796
2026
20192026
Solvency
39.9%
▼ 5.1pp 2026
20192026
Current ratio
1.32
▲ 0.50 2026
20192026
Return on assets (ROA)
1.1%
▼ 6.8pp 2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€23,722-€45,663▲ 92.5%€15,213▼ 66.7%€32,312▲ 112%€99,333▲ 207%€34,410▼ 65.4%-€6,387€22,867
Net result€12,077-€27,622▲ 129%€2,173below the sector's middle half▼ 92.1%€15,519within the sector's middle half▲ 614%€62,193within the sector's middle half▲ 301%€19,811within the sector's middle half▼ 68.1%€40,123within the sector's middle half▲ 103%€6,480▼ 83.9%
Equity€122,018-€149,640▲ 22.6%€151,814within the sector's middle half▲ 1.5%€167,333within the sector's middle half▲ 10.2%€229,525within the sector's middle half▲ 37.2%€201,536within the sector's middle half▼ 12.2%€229,585within the sector's middle half▲ 13.9%€236,064▲ 2.8%
Total assets€379,173-€392,778▲ 3.6%€383,637within the sector's middle half▼ 2.3%€388,898within the sector's middle half▲ 1.4%€432,911within the sector's middle half▲ 11.3%€578,394within the sector's middle half▲ 33.6%€510,322within the sector's middle half▼ 11.8%€591,468▲ 15.9%
Debt€257,155-€243,138▼ 5.5%€231,824▼ 4.7%€221,565▼ 4.4%€203,386▼ 8.2%€376,857▲ 85.3%€280,737▼ 25.5%€355,404▲ 26.6%
Working capital€41,532-€34,400▼ 17.2%€55,529within the sector's middle half▲ 61.4%€16,732within the sector's middle half▼ 69.9%€37,844within the sector's middle half▲ 126%-€92,467below the sector's middle half-€24,782within the sector's middle half▲ 73.2%€37,796
Solvency32.2%-38.1%▲ 5.9pp39.6%within the sector's middle half▲ 1.5pp43.0%within the sector's middle half▲ 3.5pp53.0%within the sector's middle half▲ 10.0pp34.8%within the sector's middle half▼ 18.2pp45.0%within the sector's middle half▲ 10.1pp39.9%▼ 5.1pp
Current ratio1.95-1.62▼ 0.331.94within the sector's middle half▲ 0.321.23within the sector's middle half▼ 0.721.46within the sector's middle half▲ 0.230.52below the sector's middle half▼ 0.940.82within the sector's middle half▲ 0.301.32▲ 0.50
Return on assets (ROA)3.2%-7.0%▲ 3.8pp0.6%within the sector's middle half▼ 6.5pp4.0%within the sector's middle half▲ 3.4pp14.4%above the sector's middle half▲ 10.4pp3.4%within the sector's middle half▼ 10.9pp7.9%within the sector's middle half▲ 4.4pp1.1%▼ 6.8pp
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2026 is a profit of €22,867, after a loss of €6,387 in 2025.

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €591,468
Fixed assets €435,039 ▲ 9.6%
Current assets €156,429 ▲ 37.9%
Equity and liabilities €591,468
Equity €236,064 ▲ 2.8%
Debt €355,404 ▲ 26.6%
Debt's share of the balance-sheet total rises from 55.0% to 60.1%. Equity and debt are higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€81,833▲
2025 · €48,017
Cash flow
€65,445▼
2025 · €94,527
Debt to equity
1.51▲
2025 · 1.22
ROE
2.7%▼
2025 · 17.5%
Interest coverage
7.33▲
2025 · 4.67
Debt ≤ 1 year
€118,633▼
2025 · €138,200
Debt > 1 year
€230,636▲
2025 · €141,308
Income taxes
€8,579▲
2025 · €5,648
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€661€9,611€151,521€13,376€95,794
Financial fixed assets€60,000€35,500€55,800-€1,307
Depreciation and write-downs of the year€31,746€30,825€40,007€54,403€58,966

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 50 lines
Balance sheet Code20252026
Assets
Total assets20/58€510,322€591,468▲
Fixed assets21/28€396,904€435,039▲
Tangible fixed assets22/27€167,459€204,287▲
Land and buildings22€41,616€20,672▼
Plant, machinery and equipment23€9,632€26,346▲
Furniture and vehicles24€116,211€157,269▲
Financial fixed assets28€229,445€230,752▲
Current assets29/58€113,418€156,429▲
Amounts receivable within one year40/41€35,122€84,888▲
Trade receivables40€27,846€82,409▲
Other amounts receivable41€7,276€2,479▼
Current investments50/53€4,872€4,872=
Cash at bank and in hand54/58€63,529€50,227▼
Deferred charges and accrued income490/1€9,895€16,441▲
Equity and liabilities
Total equity and liabilities10/49€510,322€591,468▲
Equity10/15€229,585€236,064▲
Contributions10/11€56,000€56,000=
Reserves13€4,001€4,001=
Non-distributable reserves130/1€4,001€4,001=
Reserves not available under the articles1311€4,001€4,001=
Profit (loss) carried forward14€169,584€176,063▲
Amounts payable17/49€280,737€355,404▲
Amounts payable after more than one year17€141,308€230,636▲
Financial debts170/4€141,308€230,636▲
Amounts payable within one year42/48€138,200€118,633▼
Current portion of amounts payable after more than one year42€50,914€64,076▲
Trade debts44€63,518€51,111▼
Suppliers440/4€63,518€51,111▼
Taxes, remuneration and social security45€10,485-
Taxes450/3€10,485-
Other amounts payable47/48€13,283€3,446▼
Accrued charges and deferred income492/3€1,229€6,135▲
Income statement Code20252026
Non-recurring operating income76A-€850
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,403€58,966▲
Other operating charges640/8€2,021€4,054▲
Non-recurring operating charges66A€3,389-
Gross operating margin9900€53,426€85,887▲
Operating profit (loss)9901-€6,387€22,867▲
Financial income75/76B€62,438€3,362▼
Recurring financial income75€62,438€3,362▼
Financial charges65/66B€10,280€11,171▲
Recurring financial charges65€10,280€11,171▲
Profit (loss) for the period before taxes9903€45,772€15,059▼
Income taxes67/77€5,648€8,579▲
Profit (loss) for the period9904€40,123€6,480▼
Profit (loss) for the period to be appropriated9905€40,123€6,480▼
Appropriation of the result
Profit (loss) to be appropriated9906€181,659€176,063▼
Profit (loss) brought forward from the previous period14P€141,535€169,584▲
Profit to be distributed694/7€12,075-
Return on contributions (dividend)694€12,075-

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 28-10-2026.

Line20192020202120222023202420252026Change
Non-recurring operating income76A-------€850-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44,773€34,091€32,495€31,746€30,825€40,007€54,403€58,966▲ 8.4%
Other operating charges640/8---€1,271€2,114€2,557€2,021€4,054▲ 101%
Non-recurring operating charges66A------€3,389--
Gross operating margin9900€69,840€81,233€49,130€65,330€132,272€76,974€53,426€85,887▲ 60.8%
Operating profit (loss)9901€23,722€45,663€15,213€32,312€99,333€34,410-€6,387€22,867-
Financial income75/76B---€1,747€2,658€3,868€62,438€3,362▼ 94.6%
Recurring financial income75€1,287€1,737€1,790€1,747€2,658€3,868€62,438€3,362▼ 94.6%
Financial charges65/66B---€3,208€2,997€5,615€10,280€11,171▲ 8.7%
Recurring financial charges65€4,491€4,134€3,524€3,208€2,997€5,615€10,280€11,171▲ 8.7%
Profit (loss) for the period before taxes9903€20,518€43,266€13,479€30,851€98,995€32,664€45,772€15,059▼ 67.1%
Income taxes67/77€8,441€15,643€11,305€15,332€36,802€12,853€5,648€8,579▲ 51.9%
Profit (loss) for the period9904€12,077€27,622€2,173€15,519€62,193€19,811€40,123€6,480▼ 83.9%
Profit (loss) for the period to be appropriated9905€12,077€27,622€2,173€15,519€62,193€19,811€40,123€6,480▼ 83.9%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€379,173€392,778€383,637€388,898€432,911€578,394€510,322€591,468▲ 15.9%
Fixed assets21/28€293,944€303,053€269,258€298,173€312,458€479,472€396,904€435,039▲ 9.6%
Tangible fixed assets22/27€212,706€187,615€155,120€124,035€102,821€214,334€167,459€204,287▲ 22.0%
Land and buildings22---€104,448€83,504€62,560€41,616€20,672▼ 50.3%
Plant, machinery and equipment23---€15,446€9,459€9,225€9,632€26,346▲ 174%
Furniture and vehicles24---€4,141€9,858€142,550€116,211€157,269▲ 35.3%
Financial fixed assets28€81,238€115,438€114,138€174,138€209,638€265,138€229,445€230,752▲ 0.6%
Current assets29/58€85,228€89,725€114,380€90,725€120,453€98,922€113,418€156,429▲ 37.9%
Amounts receivable within one year40/41€24,711€22,830€33,777€23,671€52,350€52,021€35,122€84,888▲ 142%
Trade receivables40---€22,850€51,756€35,754€27,846€82,409▲ 196%
Other amounts receivable41---€821€594€16,268€7,276€2,479▼ 65.9%
Current investments50/53---€40,000€40,000€4,872€4,872€4,872=
Cash at bank and in hand54/58€56,655€61,978€72,979€23,973€22,491€31,903€63,529€50,227▼ 20.9%
Deferred charges and accrued income490/1---€3,081€5,612€10,125€9,895€16,441▲ 66.2%
Equity and liabilities
Total equity and liabilities10/49€379,173€392,778€383,637€388,898€432,911€578,394€510,322€591,468▲ 15.9%
Equity10/15€122,018€149,640€151,814€167,333€229,525€201,536€229,585€236,064▲ 2.8%
Contributions10/11€56,000--€56,000€56,000€56,000€56,000€56,000=
Reserves13€4,001€4,001€4,001€4,001€4,001€4,001€4,001€4,001=
Non-distributable reserves130/1---€4,001€4,001€4,001€4,001€4,001=
Reserves not available under the articles1311---€4,001€4,001€4,001€4,001€4,001=
Profit (loss) carried forward14€62,017€89,639€91,813€107,332€169,525€141,535€169,584€176,063▲ 3.8%
Amounts payable17/49€257,155€243,138€231,824€221,565€203,386€376,857€280,737€355,404▲ 26.6%
Amounts payable after more than one year17€202,692€176,538€163,461€137,307€111,154€185,222€141,308€230,636▲ 63.2%
Financial debts170/4---€137,307€111,154€185,222€141,308€230,636▲ 63.2%
Amounts payable within one year42/48€43,696€55,326€58,851€73,993€82,609€191,389€138,200€118,633▼ 14.2%
Current portion of amounts payable after more than one year42---€26,154€29,511€49,995€50,914€64,076▲ 25.9%
Trade debts44€8,881€14,034€29,087€29,181€34,766€87,127€63,518€51,111▼ 19.5%
Suppliers440/4---€29,181€34,766€87,127€63,518€51,111▼ 19.5%
Taxes, remuneration and social security45---€12,847€18,243€6,467€10,485--
Taxes450/3---€7,317€15,612€4,201€10,485--
Remuneration and social security454/9---€5,530€2,631€2,266---
Other amounts payable47/48---€5,812€89€47,800€13,283€3,446▼ 74.1%
Accrued charges and deferred income492/3---€10,264€9,623€246€1,229€6,135▲ 399%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€12,077€27,622€2,173€15,519€62,193€19,811€40,123€6,480▼ 83.9%
+ Depreciation and write-downs630€44,773€34,091€32,495€31,746€30,825€40,007€54,403€58,966▲ 8.4%
Operating cash flow (approximation)€56,850€61,713€34,668€47,265€93,018€59,818€94,527€65,445▼ 30.8%
Investment in fixed assets (approximation)--€43,199€1,300-€60,661-€45,111-€207,021€28,165-€97,101-
Change in cash-€5,322€11,002-€49,006-€1,482€9,412€31,626-€13,301-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 6,049 companies had the same profile as XPT-Engineering has now. Two years later, 96.0% were still going and 0.4% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
96.0% was still going
3.6% stopped otherwise
0.4% went bankrupt

That fits the bankruptcy probability of XPT-Engineering itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 6,049 companies, not a prediction for XPT-Engineering. 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.

Latest 10 of 16 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 abbreviated format 28-10-2026 2026-00594541 PDF
31-03-2025 abbreviated format 16-10-2025 2025-00543855 PDF
31-03-2024 abbreviated format 28-10-2024 2024-00516789 PDF
31-03-2023 abbreviated format 30-10-2023 2023-00498113 PDF
31-03-2022 abbreviated format 26-10-2022 2022-20472970 PDF
31-03-2021 abbreviated format 26-10-2021 2021-73100514 PDF
31-03-2020 abbreviated format 12-11-2020 2020-70000135 PDF
31-03-2019 abbreviated format 28-10-2019 2019-71600033 PDF
31-03-2018 micro format 25-10-2018 2018-70200311 PDF
31-03-2017 micro format 25-10-2017 2017-67900204 PDF

Show all 16 filings

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