Equity
€887,289 ▲ 6.6%
XTRACT has made a profit without a break since 2011.
XTRACT
Lifetime
19 annual accounts with figures on one time axis, 21 filings since 2004peak €1.8m (2023)
€1.7m▼ 5.0%
lowest -€22,866 (2008)
€55,322▼ 77.6%
peak €887,289 (2024)
€887,289▲ 6.6%
€2.1m▼ 10.7%
peak 22.4 FTE (2021)
17.3 FTE▼ 10.8%
Board1 name since 2023
1 directorVERMEULEN Stefanus Godefridus Antonius
Documentsfilings and deeds
25-09-202556 days late
2024abbreviated format
Result from €247,043 to €55,322Staff from 19.4 FTE to 17.3 FTEMerger: XQUISIT takes over RAFAELLA 29-05Merger proposal: XQUISIT takes over RAFAELLA 21-03Reappointment: VERMEULEN Stefanus Godefridus Antonius (director) 02-01Cash from €415,736 to €201,378
Key points
from the 2024 annual accountsResult
€55,322 ▼ 77.6%
The result fell in 2024: merger with RAFAELLA.
Debts
€2.1m 70% of the balance sheet
Financial debts 46%Suppliers 26%Taxes and wages 18%Other 11%
Of this, €1.1m falls due within a year.
Staff
18 employees on 31-12-2024
In 2024, 3 people joined and 5 left.
Filings
21 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Restructuring
2
2 restructurings since 2024. Latest: branch transferred to XQUISIT.
Checked score
51
Fair
Financially stronger than 35% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,523 companies (NACE 70, small).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.3%▲ +0.1 percentage points vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▲ +0.2 percentage points vs 09-2025
11-2025: 0.5%▼ -0.4 percentage points vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.4 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.5 percentage points vs 07-2026
09-2026: 1.8%▲ +0.3 percentage points vs 08-2026
10-2026: 2.6%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 2.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 01-10-2025)
1 change of registered office in 24 months
Size: 17.3 FTE, total assets €3.0m
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
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 70, small). It does better than 30% of them on solvency, 27% on liquidity, 28% on profitability and 57% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as XTRACT has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
The bankruptcy probability of XTRACT itself is higher: 2.6% within 12 months. It rests on far more data about XTRACT than the profile alone.
Test of the method
The method was tested on the 497,447 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 4,685 companies, not a prediction for XTRACT. 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.
Credit verdict
Credit of up to €45,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 1.97 (2.16 in 2023), above the usual 1.5. Short-term debt is 37.9% and cash 6.8% of total assets. However, 70% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 56 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
56 days late
2023
120 days late
2022
30 days late
2021
24 days late
2020
31 days late
2019
67 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 55 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- Stefanus Vermeulen 185 sharesdeed of 21-03-2024
- Iris Van Hoye 1 sharedeed of 21-03-2024
Recent changes
Registered office moved from Brasschaat to Antwerp
New registered office: Tabaksvest 87 bus 4749, 2000 Antwerpen · Previous registered office: Bisschoppenhoflei 28, 2930 Brasschaat · Gazette deed
Demerger proposal: XQUISIT splits off to XQUISIT
Name change: XTRACT · Vermeulen Stefanus holds 100 shares (100%) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0863802816
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| XTRACT Antwerp | €3.0m | €1.7m | 30.0% | 17.3 |
| AL-WEGEN Puurs-Sint-Amands | €2.6m | €1.6m | 53.5% | 15.8 |
| ionProjects Mechelen | €3.4m | €1.8m | 37.6% | 14.1 |
| ARGON Measuring Solutions Leuven | €2.8m | €1.9m | 17.1% | 18.6 |
| BEARINGPOINT BELGIUM Brussels | €3.7m | €1.7m | 4.8% | 18.9 |
| EKLO Liège | €2.9m | €1.9m | 17.5% | 21.1 |
| ABLE Mechelen | €3.2m | €1.7m | 42.8% | 19.2 |
These companies have the same main activity as XTRACT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.6m and €3.7m, founded between 1996 and 2005.
Official details
Source: KBO- Status
- Active since 03-03-2004Normal situation
- Registered office
- 202 active companies are registered at this address72 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2023
- Establishment unit
- 2.136.010.4722000 Antwerp, since 18-03-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 20-03-2025
Annual accounts 2024
- ≈ €3.3mestimated
- €3.0m▼ 6.1%
- Employeeson 31-12-2024
- 18▼ 10.0%
- Filing
- Filed on 25-09-2025
Insights on XTRACT
XTRACT files the abbreviated format. That format states no turnover. The gross margin rose from €9,020 in 2006 to €1.7m in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about XTRACT
- What is the company number of XTRACT?
- The company number of XTRACT is 0863.802.816. The VAT number is the same number with BE in front: BE 0863.802.816.
- Where is XTRACT based?
- The registered office is at Tabakvest 87, 2000 Antwerp.Company details
- What does XTRACT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of XTRACT?
- XTRACT is a private limited company (BV).
- When was XTRACT founded?
- XTRACT was founded on 03-03-2004.
- Is XTRACT still active?
- Yes, XTRACT is an active enterprise in the KBO register.
- How many employees does XTRACT have?
- XTRACT had an average of 17.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does XTRACT fall under?
- In its 2023 annual accounts, XTRACT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of XTRACT?
- The turnover in financial year 2024 is ≈ €3.3m. This figure is estimated from the gross margin of €1.7m and 36 comparable companies (NACE 70200). It probably lies between €2.3m and €4.2m.
- Is XTRACT profitable?
- In financial year 2024, XTRACT made a profit of €55,322.
- Where can I find the annual accounts of XTRACT?
- XTRACT filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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