Xtendo
ActiveSummary
Xtendo has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,579 and a net result of €9,887. Equity is growing by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 53% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-8
Solvency71▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.96 in 2024; short-term debt: 46.4% and cash: 0% of total assets), but 53.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-12-2025, 48 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
48 d late
2024
35 d early
2023
12 d early
2022
31 d early
2021
38 d early
2020
327 d late
2019
on the day
← 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 37 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€60,579▲ 19.5%
2024 · €50,692
Total assets
€130,918▼ 7.4%
2024 · €141,323
Net result
€9,887▼ 48.6%
2024 · €19,222
Working capital
€69,297▲ 1.6%
2024 · €68,223
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,708▲ 676%€7,930▼ 18.3%€14,502▲ 82.9%€28,545▲ 96.8%€15,400▼ 46.1%
Net result€6,301within the sector's middle half€4,147within the sector's middle half▼ 34.2%€8,566within the sector's middle half▲ 107%€19,222within the sector's middle half▲ 124%€9,887within the sector's middle half▼ 48.6%
Equity€18,757within the sector's middle half▲ 50.6%€22,904within the sector's middle half▲ 22.1%€31,470within the sector's middle half▲ 37.4%€50,692within the sector's middle half▲ 61.1%€60,579within the sector's middle half▲ 19.5%
Total assets€145,845within the sector's middle half▼ 7.6%€140,366within the sector's middle half▼ 3.8%€122,545within the sector's middle half▼ 12.7%€141,323within the sector's middle half▲ 15.3%€130,918within the sector's middle half▼ 7.4%
Debt€127,088▼ 12.6%€117,462▼ 7.6%€91,075▼ 22.5%€90,630▼ 0.5%€70,339▼ 22.4%
Working capital€32,325within the sector's middle half▲ 195%€64,201within the sector's middle half▲ 98.6%€59,600within the sector's middle half▼ 7.2%€68,223within the sector's middle half▲ 14.5%€69,297within the sector's middle half▲ 1.6%
Solvency12.9%within the sector's middle half▲ 5.0pp16.3%within the sector's middle half▲ 3.5pp25.7%within the sector's middle half▲ 9.4pp35.9%within the sector's middle half▲ 10.2pp46.3%within the sector's middle half▲ 10.4pp
Current ratio1.31within the sector's middle half▲ 0.231.90within the sector's middle half▲ 0.591.97within the sector's middle half▲ 0.071.96within the sector's middle half▼ 0.012.14within the sector's middle half▲ 0.18
Return on assets (ROA)4.3%within the sector's middle half▲ 8.7pp3.0%within the sector's middle half▼ 1.4pp7.0%within the sector's middle half▲ 4.0pp13.6%above the sector's middle half▲ 6.6pp7.6%within the sector's middle half▼ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,918
Fixed assets
€912 ▼ 61.4%
Current assets
€130,006 ▼ 6.4%
Equity and liabilities €130,918
Equity
€60,579 ▲ 19.5%
Debt
€70,339 ▼ 22.4%
Debt's share of the balance-sheet total falls from 64.1% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,850▼
2024 · €29,240
Cash flow
€11,337▼
2024 · €19,917
Quick ratio
1.64▲
2024 · 1.44
Debt to equity
1.16▼
2024 · 1.79
ROE
16.3%▼
2024 · 37.9%
Interest coverage
12.90▼
2024 · 20.03
Debt ≤ 1 year
€60,709▼
2024 · €70,738
Debt > 1 year
€9,630▼
2024 · €19,893
Income taxes
€4,300▼
2024 · €7,869
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €2,600 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,119 | €5,119 | €5,504 | €695 | €1,450 | ▲ 109% |
| Other operating charges640/8 | - | €1,066 | €542 | €645 | €7,792 | ▲ 1,107% |
| Gross operating margin9900 | €33,563 | €14,116 | €20,548 | €29,885 | €24,642 | ▼ 17.5% |
| Operating profit (loss)9901 | €9,708 | €7,930 | €14,502 | €28,545 | €15,400 | ▼ 46.1% |
| Financial income75/76B | - | €85 | €49 | €7 | €94 | ▲ 1,261% |
| Recurring financial income75 | €1,836 | €85 | €49 | €7 | €94 | ▲ 1,261% |
| Financial charges65/66B | - | €1,943 | €1,698 | €1,460 | €1,307 | ▼ 10.5% |
| Recurring financial charges65 | €4,643 | €1,943 | €1,698 | €1,460 | €1,307 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €6,901 | €6,072 | €12,852 | €27,092 | €14,187 | ▼ 47.6% |
| Income taxes67/77 | €599 | €1,925 | €4,286 | €7,869 | €4,300 | ▼ 45.4% |
| Profit (loss) for the period9904 | €6,301 | €4,147 | €8,566 | €19,222 | €9,887 | ▼ 48.6% |
| Profit (loss) for the period to be appropriated9905 | €6,301 | €4,147 | €8,566 | €19,222 | €9,887 | ▼ 48.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,845 | €140,366 | €122,545 | €141,323 | €130,918 | ▼ 7.4% |
| Fixed assets21/28 | €10,239 | €5,119 | €1,777 | €2,362 | €912 | ▼ 61.4% |
| Tangible fixed assets22/27 | €10,239 | €5,119 | €1,777 | €2,362 | €912 | ▼ 61.4% |
| Land and buildings22 | - | - | €1,777 | €1,345 | €912 | ▼ 32.2% |
| Furniture and vehicles24 | - | - | - | €1,018 | - | - |
| Leasing and similar rights25 | - | €5,119 | - | - | - | - |
| Current assets29/58 | €135,606 | €135,247 | €120,767 | €138,960 | €130,006 | ▼ 6.4% |
| Stocks and contracts in progress3 | €43,528 | €23,541 | €30,041 | €37,101 | €30,566 | ▼ 17.6% |
| Stocks30/36 | - | €23,541 | €30,041 | €37,101 | €30,566 | ▼ 17.6% |
| Amounts receivable within one year40/41 | €55,656 | €102,444 | €83,603 | €97,917 | €99,389 | ▲ 1.5% |
| Trade receivables40 | - | €26,775 | €16,951 | €31,351 | €26,051 | ▼ 16.9% |
| Other amounts receivable41 | - | €75,669 | €66,651 | €66,566 | €73,338 | ▲ 10.2% |
| Cash at bank and in hand54/58 | €36,422 | €8,762 | €6,691 | €3,942 | €50 | ▼ 98.7% |
| Deferred charges and accrued income490/1 | - | €499 | €433 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,845 | €140,366 | €122,545 | €141,323 | €130,918 | ▼ 7.4% |
| Equity10/15 | €18,757 | €22,904 | €31,470 | €50,692 | €60,579 | ▲ 19.5% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,904 | €11,470 | €30,692 | €40,579 | ▲ 32.2% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €904 | €9,470 | €28,692 | €38,579 | ▲ 34.5% |
| Profit (loss) carried forward14 | -€3,243 | - | - | - | - | - |
| Amounts payable17/49 | €127,088 | €117,462 | €91,075 | €90,630 | €70,339 | ▼ 22.4% |
| Amounts payable after more than one year17 | €23,806 | €46,416 | €29,907 | €19,893 | €9,630 | ▼ 51.6% |
| Financial debts170/4 | - | €46,416 | €29,907 | €19,893 | €9,630 | ▼ 51.6% |
| Amounts payable within one year42/48 | €103,282 | €71,046 | €61,168 | €70,738 | €60,709 | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | - | €26,778 | €16,509 | €10,014 | €10,263 | ▲ 2.5% |
| Trade debts44 | €13,026 | €2,980 | €2,403 | €16,765 | €5,224 | ▼ 68.8% |
| Suppliers440/4 | - | €2,980 | €2,403 | €16,765 | €5,224 | ▼ 68.8% |
| Taxes, remuneration and social security45 | - | €2,837 | €3,805 | €7,869 | €5,185 | ▼ 34.1% |
| Taxes450/3 | - | €2,837 | €3,805 | €7,869 | €5,185 | ▼ 34.1% |
| Other amounts payable47/48 | - | €38,451 | €38,451 | €36,089 | €40,037 | ▲ 10.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,301 | €4,147 | €8,566 | €19,222 | €9,887 | ▼ 48.6% |
| + Depreciation and write-downs630 | €5,119 | €5,119 | €5,504 | €695 | €1,450 | ▲ 109% |
| Operating cash flow (approximation) | €11,421 | €9,267 | €14,070 | €19,917 | €11,337 | ▼ 43.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,163 | -€1,280 | €0 | ▲ 100% |
| Change in cash | - | -€27,660 | -€2,072 | -€2,749 | -€3,892 | ▼ 41.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €19,222 ▲124%
Operating result €28,545, net result €19,222, both a record.
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 327 days late
31-03
Financial
Back to profitnet €6,301
Net result €6,301 after one loss-making year.
2020
31-03
Financial
Weakest financial yearnet -€6,970
Net result drops to -€6,970, the lowest in the series; recovery starts the following year.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
09-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2015
Ground area
2.8 ha
Building footprint
2.0 ha
Parcel 34010A0597/00T000, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Xtendo
since 20152.241.345.049
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0597/00T000 | Flanders | 2.8 ha | 1 · 2.0 ha | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,805 companies in sector 46831 we hold annual accounts for 1,399. 682 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-03-2015
Fiscal year end31-03
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0627741636
Also
9925:BE0627741636
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.