Age3 yrs
Real estate1 parcel · 2,266 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of XS-Projects is 1.2% (low). The 2024 annual accounts show equity of €30k and a net result of €-30k. Its solvency ranks better than 43% of 4949 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.2%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Trust signals
3 signalsMore than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags
0 events
No administrative flags
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-30k
Working capital€167k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 17-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.5% | 16.7% | |
| Net result | €-30k | €2k | |
| Equity | €30k | €27k | |
| Gross operating margin | €-20k | €27k | |
| Total assets | €318k | €302k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €-30k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €318k |
| Equity | €30k |
| Debt | €288k |
| of which ≤ 1y | €149k |
| of which > 1y | €138k |
| Working capital | €167k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 2.12 |
| Quick ratio | 0.05 |
| Working capital ratio | 52.4% |
| Solvency | 9.5% |
| Debt / equity | 9.54 |
| Long-term debt ratio | 4.59 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -9.4% |
| ROE | -99.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €318k |
| Fixed assets | 21/28 | €2k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €316k |
| Stocks & contracts in progress | 3 | €309k |
| Amounts receivable within one year | 40/41 | €5k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €318k |
| Equity | 10/15 | €30k |
| Contributions / capital | 10/11 | €60k |
| Accumulated profits (losses) | 14 | €-30k |
| Amounts payable | 17/49 | €288k |
| Amounts payable after one year | 17 | €138k |
| Amounts payable within one year | 42/48 | €149k |
| Trade debts payable within one year | 44 | €23k |
| Income statement | ||
| Gross operating margin | 9900 | €-20k |
| Operating result | 9901 | €-25k |
| Financial income | 75 | €58 |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €-30k |
| Net result for the period | 9904 | €-30k |
| Result to be appropriated | 9905 | €-30k |
Ratios computed by Checked.
Health barometer
FY 2024 · computed35
/ 100
Weak
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Structure & network
Locations & real estate
Establishment units
1 locationXS-Projects
since 20232.348.357.132
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,266 m²
Buildings1
Building footprint1,306 m²
Volume (LiDAR)5,341 m³
Tallest building5.1 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37322D0392/00H000 | Flanders | 2,266 m² | 1 · 1,306 m² | 5.1 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Analysis
Snowflake analysis
financial profile on 5 axes41
/ 100
Fragile profile, watch profitability in particular.
Health
35
Profitability
0
Solvency
40
Growth
50
Stability
79
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Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector, ranked by comparable sizeCompany registry
Company registry (CBE)
Crossroads BankActivities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201
Primary activity highlighted.
Names & trade names
| Legal nameNL | XS-Projects |
Registered office
Oostrozebekestraat 115
8760 Tielt, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.