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XRGS

Active
Private limited companyfounded 1998active for 28 yearsRue Morimont(Sart-B.) 11, 5330 Assesse, BelgiumKBO/BCE: BE 0463.470.156
Summary

XRGS has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€81,405) and a net result of €14,433. Equity is growing by about 9.3% per year across the filed financial years. Its solvency ranks better than 6% of 21,059 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Computer programming
NACE 62100Computer consultancy and computer facilities management NACE 62200
2nd oldest company in Assesse, Telecoms and IT sector1 site
Size
€329,522total assets 2025
Staff
1.6 FTE
Equity
-€81,405
Profit
€14,433
Turnover not published (micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Accounts filed 2 days late2 of 3 deeds read
Why 54raises riskCapped at 59: negative equityNegative equity -€81,405Profit of €14,433 (financial year 2025)lowers riskSize: total assets €329,522Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 28% of its sector peers (NACE 62, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -24.7% of total assets
Liquidity 28-17
short-term debt 53.0% · cash 3.9%
Profitability 74-26
return on assets 4.4%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,871 companies, NACE 62, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.4%▲ +0.1 percentage points vs 12-2024 02-2025: 0.5%▲ +0.1 percentage points vs 01-2025highest value 03-2025: 0.3%▼ -0.2 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: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.2%▼ -0.1 percentage points vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.3%▲ +0.1 percentage points vs 12-2025 02-2026: 0.4%▲ +0.1 percentage points vs 01-2026 03-2026: 0.3%▼ -0.1 percentage points vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.29, compared with 1.54 in 2024, below the usual 1.5; short-term debt: 53% and cash: 3.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 6% on solvency, 10% on liquidity, 33% on profitability and 61% on growth.

The bankruptcy probability was computed on 22-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €329,522
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity -€81,405
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
raises risk · Profit of €14,433 (financial year 2025)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 21059 sector peers (2025).
NBB · sector comparison
Position among 21059 sector peers
Solvency
better than 6%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 filings
Deviation from the deadline
2025
2 days late
2024
1 day early
2023
28 days late
2022
23 days late
2021
on the day
2020
2 days early
2019
14 days 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 5 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end23-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. NameShareholding · Capital · Name…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€81,405 View
  • Caution: Result fell in 2025from €96,724 to €14,433 ▼ 85.1% View
  • Caution: Among the weakest 5% on equitysector median €69,094 · 21,066 companies -€81,405 View

By topic

Financials

Financial year
2025
Total assets
€329,522
Profit
€14,433
Solvency
-24.7%
Total assets▲ 45.0%
Net result
20192025
Go to Financials

Timeline

Events
31
Since
2000
Next accounts
by 31-01-2027
  1. 28-02-2024Annual accounts filed
  2. 21-12-2023Appointment: GHYSSENS Xavier Charles Pol Félicien (director)
  3. 30-06-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Computer programmingNACE 62100
Founded
02-06-1998
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
16
Financial year
From 1 January to 31 December
Annual meeting
Second Friday of June at 18:00
Go to Articles of association

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