Xtend
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,206, after a profit of €34,597 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €23,229 | - |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €3,543 | €6,829 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €495 awarded · €495 paid| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €2,172 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,543 | €6,829 | ▲ 92.8% |
| Other operating charges640/8 | €1,143 | €370 | ▼ 67.7% |
| Gross operating margin9900 | €41,455 | -€2,007 | - |
| Operating profit (loss)9901 | €34,597 | -€9,206 | - |
| Financial income75/76B | €124 | €0 | ▼ 100% |
| Recurring financial income75 | €124 | €0 | ▼ 100% |
| Financial charges65/66B | €20 | €159 | ▲ 697% |
| Recurring financial charges65 | €20 | €159 | ▲ 697% |
| Profit (loss) for the period before taxes9903 | €34,701 | -€9,365 | - |
| Income taxes67/77 | €8,803 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €25,898 | -€9,365 | - |
| Profit (loss) for the period to be appropriated9905 | €25,898 | -€9,365 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €54,038 | €31,590 | ▼ 41.5% |
| Fixed assets21/28 | €19,687 | €12,858 | ▼ 34.7% |
| Tangible fixed assets22/27 | €19,687 | €12,858 | ▼ 34.7% |
| Plant, machinery and equipment23 | €3,607 | €2,354 | ▼ 34.7% |
| Furniture and vehicles24 | €10,394 | €6,227 | ▼ 40.1% |
| Other tangible fixed assets26 | €5,686 | €4,276 | ▼ 24.8% |
| Current assets29/58 | €34,351 | €18,732 | ▼ 45.5% |
| Stocks and contracts in progress3 | €1,630 | €1,580 | ▼ 3.1% |
| Stocks30/36 | €1,630 | €1,580 | ▼ 3.1% |
| Amounts receivable within one year40/41 | €5,992 | €12,278 | ▲ 105% |
| Trade receivables40 | €4,772 | €4,432 | ▼ 7.1% |
| Other amounts receivable41 | €1,220 | €7,846 | ▲ 543% |
| Cash at bank and in hand54/58 | €26,730 | €3,160 | ▼ 88.2% |
| Deferred charges and accrued income490/1 | - | €1,714 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €54,038 | €31,590 | ▼ 41.5% |
| Equity10/15 | €30,898 | €21,533 | ▼ 30.3% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Reserves13 | €25,898 | €16,533 | ▼ 36.2% |
| Distributable reserves133 | €25,898 | €16,533 | ▼ 36.2% |
| Amounts payable17/49 | €23,140 | €10,057 | ▼ 56.5% |
| Amounts payable within one year42/48 | €23,140 | €10,057 | ▼ 56.5% |
| Trade debts44 | €294 | €964 | ▲ 228% |
| Suppliers440/4 | €294 | €964 | ▲ 228% |
| Taxes, remuneration and social security45 | €8,853 | €9,092 | ▲ 2.7% |
| Taxes450/3 | €8,853 | €9,092 | ▲ 2.7% |
| Other amounts payable47/48 | €13,993 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €25,898 | -€9,365 | - |
| + Depreciation and write-downs630 | €3,543 | €6,829 | ▲ 92.8% |
| Operating cash flow (approximation) | €29,440 | -€2,536 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€23,569 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as Xtend has now. Two years later, 87.7% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Xtend itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,223 companies, not a prediction for Xtend. 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.