Skip to content

XS-CARGO

Active
Private limited companyfounded 2015active for 11 yearsMerksplassesteenweg 97, 2310 Rijkevorsel, BelgiumKBO/BCE: BE 0630.938.379
Summary

The computed 12-month bankruptcy probability of XS-CARGO is 3.9% (moderate). The 2025 annual accounts show equity of €123,346 and a net result of €11,536. Equity is growing by about 5.1% per year across the filed financial years. Its solvency ranks better than 26% of 853 sector peers (NACE 52, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Logistics services
NACE 52250Freight transport by road NACE 49410
1 site
Size
€697,675total assets 2025
Staff
7.3 FTE
Equity
€123,346
Profit
€11,536
Financial health
48 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.9%
Structure
Accounts filed 61 days late0 of 3 deeds read
Why 48raises riskLatest accounts 61 days late; 2 of the last 3 lateSize: 7.3 FTE, total assets €697,675Sector: Warehousing and support activities for transportation (NACE 52)Liquidity: current ratio 0.82, cash €18,938Show the evidence

Checked score

Score 2025
48 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 36% of its sector peers (NACE 52, micro)
Financial strength · tick = 2024
Weak
Solvency 43+3
equity 17.7% of total assets
Liquidity 29+6
short-term debt 48.5% · cash 2.7%
Profitability 58+10
return on assets 1.7%
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (2,293 companies, NACE 52, micro)
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 09-2025highest value 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: 3.9%▼ -1.6 percentage points vs 09-2026
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.82, compared with 0.84 in 2024; short-term debt: 48.5% and cash: 2.7% of total assets), and 82.3% 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 27% on solvency, 23% on liquidity, 35% on profitability and 59% on growth.

The bankruptcy probability was computed on 09-10-2026 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
raises risk · Latest accounts 61 days late; 2 of the last 3 late
NBB · filings
raises risk · Size: 7.3 FTE, total assets €697,675
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Warehousing and support activities for transportation (NACE 52)
KBO
raises risk · Liquidity: current ratio 0.82, cash €18,938
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
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 7 accounts on average 49 days after the deadline; the sector median (NACE 52) for financial year 2024 is 8 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Among the weakest 16% on equitysector median €1.5m · 845 companies €123,346 View
  • Caution: Latest accounts filed lateafter the legal deadline 61 days View
  • Positive: 8 profitable years in a rowprofit 2025: €11,536 8 years View

By topic

Financials

Financial year
2025
Total assets
€697,675
Profit
€11,536
Solvency
17.7%
Turnover▲ 24.5%
Net result
20182019
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 22-09-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 12-09-2022Annual accounts filed
Go to Timeline

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 to Company details

Go further with this company

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.