XQBiT
ActiveSummary
XQBiT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,500 and a net result of €29,461. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+9
Solvency29▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
3.8%
Return on assets
44.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9537 sector peers (2025).
NBB · sector comparisonPosition among 9537 sector peers
Solvency
better than 11%
← 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 18-03-2026, 43 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
43 d early
2024
131 d early
2023
183 d early
2022
26 d early
2021
31 d early
2020
10 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,500=
2024 · €2,500
Total assets
€65,967▼ 29.9%
2024 · €94,167
Net result
€29,461▲ 76.8%
2024 · €16,662
Working capital
-€14,687▲ 31.3%
2024 · -€21,375
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€54,978▼ 27.7%€28,911▼ 47.4%€16,389▼ 43.3%€22,675▲ 38.4%€39,106▲ 72.5%
Net result€43,342above the sector's middle half▼ 28.2%€22,531within the sector's middle half▼ 48.0%€12,033within the sector's middle half▼ 46.6%€16,662within the sector's middle half▲ 38.5%€29,461within the sector's middle half▲ 76.8%
Equity€60,844within the sector's middle half▲ 248%€83,375within the sector's middle half▲ 37.0%€20,408below the sector's middle half▼ 75.5%€2,500below the sector's middle half▼ 87.7%€2,500below the sector's middle half=
Total assets€76,877within the sector's middle half▼ 4.6%€163,196within the sector's middle half▲ 112%€168,409within the sector's middle half▲ 3.2%€94,167within the sector's middle half▼ 44.1%€65,967within the sector's middle half▼ 29.9%
Debt€16,033▼ 74.6%€79,820▲ 398%€148,001▲ 85.4%€91,667▼ 38.1%€63,467▼ 30.8%
Working capital€50,153▲ 1,733%€60,748▲ 21.1%-€3,707-€21,375▼ 477%-€14,687▲ 31.3%
Solvency79.1%above the sector's middle half▲ 57.4pp51.1%within the sector's middle half▼ 28.1pp12.1%below the sector's middle half▼ 39.0pp2.7%below the sector's middle half▼ 9.5pp3.8%below the sector's middle half▲ 1.1pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €65,967
Fixed assets
€32,171 ▼ 33.6%
Current assets
€33,796 ▼ 26.0%
Equity and liabilities €65,967
Equity
€2,500 =
Debt
€63,467 ▼ 30.8%
Debt's share of the balance-sheet total falls from 97.3% to 96.2%. Debt is lower.
Key figures and ratios
EBITDA
€55,405▲
2024 · €40,289
Cash flow
€45,760▲
2024 · €34,277
Current ratio
0.70▲
2024 · 0.68
Debt to equity
25.39▼
2024 · 36.67
ROA
44.7%▲
2024 · 17.7%
Interest coverage
41.75▲
2024 · 25.96
Debt ≤ 1 year
€48,483▼
2024 · €67,072
Debt > 1 year
€11,909▼
2024 · €24,595
Income taxes
€8,326▲
2024 · €5,297
A ratio outside any meaningful range has been withheld (balance sheet total €65,967, equity €2,500).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 2,151 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,941 | €4,768 | €18,011 | €17,614 | €16,299 | ▼ 7.5% |
| Other operating charges640/8 | - | €1,962 | €1,960 | €2,366 | €2,111 | ▼ 10.8% |
| Non-recurring operating charges66A | - | - | - | €6,500 | - | - |
| Gross operating margin9900 | €62,703 | €35,641 | €36,360 | €49,155 | €57,515 | ▲ 17.0% |
| Operating profit (loss)9901 | €54,978 | €28,911 | €16,389 | €22,675 | €39,106 | ▲ 72.5% |
| Financial income75/76B | - | €455 | €1,621 | €836 | €8 | ▼ 99.0% |
| Recurring financial income75 | €0 | €455 | €1,621 | €836 | €8 | ▼ 99.0% |
| Financial charges65/66B | - | €276 | €1,832 | €1,552 | €1,327 | ▼ 14.5% |
| Recurring financial charges65 | €82 | €276 | €1,832 | €1,552 | €1,327 | ▼ 14.5% |
| Profit (loss) for the period before taxes9903 | €54,896 | €29,090 | €16,177 | €21,959 | €37,787 | ▲ 72.1% |
| Income taxes67/77 | €11,553 | €6,558 | €4,144 | €5,297 | €8,326 | ▲ 57.2% |
| Profit (loss) for the period9904 | €43,342 | €22,531 | €12,033 | €16,662 | €29,461 | ▲ 76.8% |
| Profit (loss) for the period to be appropriated9905 | €43,342 | €22,531 | €12,033 | €16,662 | €29,461 | ▲ 76.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,877 | €163,196 | €168,409 | €94,167 | €65,967 | ▼ 29.9% |
| Fixed assets21/28 | €10,691 | €71,667 | €61,084 | €48,470 | €32,171 | ▼ 33.6% |
| Tangible fixed assets22/27 | €10,691 | €71,667 | €61,084 | €48,470 | €32,171 | ▼ 33.6% |
| Plant, machinery and equipment23 | - | - | €5,509 | €3,738 | €1,011 | ▼ 73.0% |
| Furniture and vehicles24 | - | €5,082 | €2,466 | €5,097 | €5,000 | ▼ 1.9% |
| Leasing and similar rights25 | - | €61,747 | €49,391 | €37,035 | €24,679 | ▼ 33.4% |
| Other tangible fixed assets26 | - | €4,838 | €3,719 | €2,600 | €1,481 | ▼ 43.0% |
| Current assets29/58 | €66,186 | €91,529 | €107,325 | €45,697 | €33,796 | ▼ 26.0% |
| Amounts receivable within one year40/41 | €31,342 | €33,587 | €42,900 | €14,665 | €17,983 | ▲ 22.6% |
| Trade receivables40 | - | €10,645 | - | €1,335 | €16,309 | ▲ 1,121% |
| Other amounts receivable41 | - | €22,941 | €42,900 | €13,330 | €1,674 | ▼ 87.4% |
| Cash at bank and in hand54/58 | €34,844 | €57,942 | €63,217 | €30,690 | €13,449 | ▼ 56.2% |
| Deferred charges and accrued income490/1 | - | - | €1,208 | €343 | €2,364 | ▲ 590% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,877 | €163,196 | €168,409 | €94,167 | €65,967 | ▼ 29.9% |
| Equity10/15 | €60,844 | €83,375 | €20,408 | €2,500 | €2,500 | = |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €58,344 | €80,875 | €17,908 | - | - | - |
| Amounts payable17/49 | €16,033 | €79,820 | €148,001 | €91,667 | €63,467 | ▼ 30.8% |
| Amounts payable after more than one year17 | - | €49,039 | €36,969 | €24,595 | €11,909 | ▼ 51.6% |
| Financial debts170/4 | - | €49,039 | €36,969 | €24,595 | €11,909 | ▼ 51.6% |
| Amounts payable within one year42/48 | €16,033 | €30,781 | €111,032 | €67,072 | €48,483 | ▼ 27.7% |
| Current portion of amounts payable after more than one year42 | - | €11,774 | €12,070 | €12,374 | €12,686 | ▲ 2.5% |
| Financial debts43 | - | €8,769 | €12,546 | €12,543 | €2,515 | ▼ 79.9% |
| Credit institutions430/8 | - | €8,769 | €12,546 | €12,543 | €2,515 | ▼ 79.9% |
| Trade debts44 | €1,453 | €2,852 | €5,281 | €794 | €648 | ▼ 18.5% |
| Suppliers440/4 | - | €2,852 | €5,281 | €794 | €648 | ▼ 18.5% |
| Taxes, remuneration and social security45 | - | €7,386 | €6,134 | €6,790 | €8,641 | ▲ 27.3% |
| Taxes450/3 | - | €7,386 | €6,134 | €6,790 | €8,641 | ▲ 27.3% |
| Other amounts payable47/48 | - | - | €75,000 | €34,570 | €23,993 | ▼ 30.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,075 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,342 | €22,531 | €12,033 | €16,662 | €29,461 | ▲ 76.8% |
| + Depreciation and write-downs630 | €5,941 | €4,768 | €18,011 | €17,614 | €16,299 | ▼ 7.5% |
| Operating cash flow (approximation) | €49,283 | €27,300 | €30,043 | €34,277 | €45,760 | ▲ 33.5% |
| Investment in fixed assets (approximation) | - | -€65,744 | -€7,428 | -€5,000 | €0 | ▲ 100% |
| Change in cash | - | €23,098 | €5,275 | -€32,527 | -€17,240 | ▲ 47.0% |
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
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
20-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Weakest financial yearnet €12,033 ▼46.6%
Net result drops to €12,033, the lowest in the series; recovery starts the following year.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 4.13
Current ratio from 1.04 to 4.13; short-term debt falls from €63,050 to €16,033.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hemiksem · 1 establishment unit since 2019
Ground area
650 m²
Building footprint
111 m²
Volume, LiDAR
600 m³
Parcel 11018A0081/00A002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XQBit
since 20192.296.219.533
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018A0081/00A002 | Flanders | 650 m² | 1 · 111 m² | 7.5 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 1,154 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
Founded28-11-2019
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
Contact
E-mail
info@adamsaccountants.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0738544538
Also
9925:BE0738544538
Registered
01-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.