Financials
- Fiscal year
- 2024
- Total assets
- €753,532
- Profit
- €4,337
- Solvency
- 14.8%
Turnover▲ 24.5%
Net result
20182019
XS-CARGO
ActiveSummary
The computed 12-month bankruptcy probability of XS-CARGO is 6.7% (elevated). The 2024 annual accounts show equity of €111,810 and a net result of €4,337. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 26% of 946 sector peers (NACE 52, fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Logistics services
NACE 52250Freight transport by road NACE 49410
1 site
Size
€753,532total assets 2024
- Staff
- 5.3 FTE
- Equity
- €111,810
- Profit
- €4,337
Turnover not published (abridged schema)
Structure
Accounts 69 days overdue0 of 3 deeds read
Why 34- Figures for FY 2024 (filed 08-10-2025)- 1 financial year not filed after the legal deadline; latest accounts 67 days late; 2 of the last 3 late- Sector Warehousing and support activities for transportation (NACE 52)- Liquidity: current ratio 0.84, cash €13,014Show the evidence
Checked score
Score 2024
34
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 30% of its sector peers (NACE 52, micro)
Financial strength · tick = 2023
Weak
Solvency
40-8
equity 14.8% of total assets
Liquidity
23-2
short-term debt 56.6% · cash 1.7%
Profitability
48+9
return on assets 0.6%
Bankruptcy probability, 12 months
6.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.9%
12-2024: 2.9%● unchanged vs 11-2024
01-2025: 2.8%▼ -0.1 percentage points vs 12-2024
02-2025: 2.8%● unchanged vs 01-2025
03-2025: 2.8%● unchanged vs 02-2025lowest value
04-2025: 2.8%● unchanged vs 03-2025
05-2025: 2.8%● unchanged vs 04-2025
06-2025: 2.8%● unchanged vs 05-2025
07-2025: 3.0%▲ +0.2 percentage points vs 06-2025
08-2025: 3.7%▲ +0.7 percentage points vs 07-2025
09-2025: 4.1%▲ +0.4 percentage points vs 08-2025
10-2025: 5.7%▲ +1.6 percentage points vs 09-2025
11-2025: 3.4%▼ -2.3 percentage points vs 10-2025
12-2025: 3.4%● unchanged vs 11-2025
01-2026: 3.3%▼ -0.1 percentage points vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.2%▼ -0.1 percentage points vs 02-2026
04-2026: 3.3%▲ +0.1 percentage points vs 03-2026
05-2026: 3.4%▲ +0.1 percentage points vs 04-2026
06-2026: 3.5%▲ +0.1 percentage points vs 05-2026
07-2026: 3.7%▲ +0.2 percentage points vs 06-2026
08-2026: 4.7%▲ +1.0 percentage point vs 07-2026
09-2026: 5.5%▲ +0.8 percentage points vs 08-2026
10-2026: 6.7%▲ +1.2 percentage points vs 09-2026highest value
Credit up to €3,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 1.0 in 2023; short-term debt: 56.6% and cash: 1.7% of total assets), and 85.2% of the assets are financed with debt.
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 52, micro): better than 25% on solvency, 17% on liquidity, 29% on profitability and 48% on growth.
The bankruptcy probability was computed on 07-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
67 days late
2023
28 days late
2022
53 days late
2021
43 days late
2020
61 days late
2019
28 days 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 47 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
- Annual accounts filedfiscal year 2022 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- 31-12-2022Weakest financial year
- 12-09-2022Annual accounts filed
- 31-12-2021Equity above €100,000
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Logistics servicesNACE 52250
- Founded
- 29-05-2015
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.