XTRACT
ActiveSummary
The computed 12-month bankruptcy probability of XTRACT is 3.7% (moderate). The 2025 annual accounts show negative equity (-€270,830) and a net result of -€111,864. Its solvency ranks better than 7% of 9,848 sector peers (NACE 46, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-10-2022 Normal situation
- Registered office
- 21 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Wholesale of beverages, general range NACE 46349and 5 others
- Establishment unit
- 2.336.771.273 2000 Antwerpen, since 14-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 11-02-2026
Board and ownership
- JUWIS ConsultingGeneral manager · permanent representative Maxime Sureda
- MrcapdriverManaging director · permanent representative Nicolas Cap
- Nicolas HeffinckDirector · since 01-10-2024
- BUNDL VENTURES54.66%· score 532025 annual accounts of BUNDL VENTURES
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.7%
- Gross margin
- -€70,491
- Loss
- €111,864
- Equity
- -€270,830
- Total assets
- €532,424
- Staff
- ≈ 0 FTE
- estimated
- Negative equity on 31-12-2025
- 2025 accounts filed 28 days after the deadline
Score breakdownraises risk1 change of registered office in 24 monthsLoss of €111,864, the second in a row (financial year 2025)Last filed accounts filed 28 days late; 1 of the last 3 accounts latelowers riskFigures for financial year 2025 (filed on 28-08-2026)Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 6% of them on solvency, 56% on liquidity and 6% on profitability.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 85 days after the deadline. In the sector (NACE 46), the median for financial year 2023 was 2 days before the deadline, and 40% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444848.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €111,367, against a loss of €864,814 in 2023. Comparable figures for the intervening years are unavailable.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Investments
| Item | 2023 | 2025 |
|---|---|---|
| Intangible fixed assets | €2,400 | - |
| Depreciation and write-downs of the year | €307 | €240 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · €50,000 awarded · €12,500 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €0 | €0 |
| 2023 | 1 | €50,000 | €12,500 |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €100,913 | €74 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €307 | €240 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €22,514 | - |
| Other operating charges640/8 | €15,251 | €15,965 | - |
| Non-recurring operating charges66A | - | €2,083 | - |
| Gross operating margin9900 | -€748,344 | -€70,491 | - |
| Operating profit (loss)9901 | -€864,814 | -€111,367 | - |
| Financial income75/76B | €19 | - | - |
| Recurring financial income75 | €19 | - | - |
| Financial charges65/66B | €106 | €497 | - |
| Recurring financial charges65 | €106 | €497 | - |
| Profit (loss) for the period before taxes9903 | -€864,902 | -€111,864 | - |
| Profit (loss) for the period9904 | -€864,902 | -€111,864 | - |
| Profit (loss) for the period to be appropriated9905 | -€864,902 | -€111,864 | - |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €0.2m | €0.5m | - |
| Fixed assets21/28 | €0.002m | €0.002m | - |
| Intangible fixed assets21 | €0.002m | €0.002m | - |
| Current assets29/58 | €0.2m | €0.5m | - |
| Stocks and contracts in progress3 | €0.04m | €0.06m | - |
| Stocks30/36 | €0.04m | €0.06m | - |
| Amounts receivable within one year40/41 | €0.05m | €0.01m | - |
| Trade receivables40 | €0.02m | €0.008m | - |
| Other amounts receivable41 | €0.04m | €0.003m | - |
| Cash at bank and in hand54/58 | €0.1m | €0.007m | - |
| Deferred charges and accrued income490/1 | - | €0.5m | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €0.2m | €0.5m | - |
| Equity10/15 | -€0.9m | -€0.3m | - |
| Contributions10/11 | €0.005m | €1.0m | - |
| Profit (loss) carried forward14 | -€0.9m | -€1.3m | - |
| Amounts payable17/49 | €1.1m | €0.8m | - |
| Amounts payable after more than one year17 | €1.0m | €0.8m | - |
| Other amounts payable178/9 | €1.0m | €0.8m | - |
| Amounts payable within one year42/48 | €0.02m | €0.01m | - |
| Trade debts44 | €0.01m | €0.002m | - |
| Suppliers440/4 | €0.01m | €0.002m | - |
| Taxes, remuneration and social security45 | €0.007m | €0.01m | - |
| Taxes450/3 | €0.007m | €0.01m | - |
| Accrued charges and deferred income492/3 | €0.05m | €0.006m | - |
| Line | 2023 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€864,902 | -€111,864 | - |
| + Depreciation and write-downs630 | €307 | €240 | - |
| Operating cash flow (approximation) | -€864,595 | -€111,624 | - |
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, 490 companies had the same profile as XTRACT has now. Two years later, 88.8% were still going and 6.7% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of XTRACT itself: 3.7% 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 490 companies, not a prediction for XTRACT. 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.
Board & ownership
Directors
Board 3
Day-to-day management 2
Permanent representatives 2
Owners and capital
Shareholders
1 ownerChain of control
- BUNDL VENTURES
- XTRACT
Owners 1
- BUNDL VENTURESparentEquity -€3,309 Loss of €3,936 in 2025 (loss of €4,979 in 2024) Checked score 5354.66%
Capital transactions
- BUNDL VENTURES (BE 0792.446.448) 5,000 shares (100%) · €5,000
- 18-10-2022 Incorporation · €5,000 · 5,000 shares
Mandate history
- Board
- Day-to-day management
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| JUWIS Consulting |
|
| Mrcapdriver |
|
| Nicolas Heffinck |
|
| Jörg Ehrhart |
|
| Karan Sarin |
|
| Gustav Quast |
|
| JUWIS Consulting CommV |
|
| Mrcapdriver CommV |
|
| Triumph |
|
Articles of association
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s), Artikel 9.Overdracht van aandelen”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste vijftien dagen te rekenen van dag openstelling intekening, nieuwe aandelen waarop in geld wordt ingeschreven eerst aangeboden aan…”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 18-10-2022 (in Dutch)
Network & group
Companies at the same address
20 other companies- Joyrise Registered office · since 2026 1033687329
- Bundl Launchpad Registered office · since 2025 1026231690
- The Mocktail Club Establishment · since 2024 0736878415
- JJ Corporation Registered office · since 2024 1003681962
- LEVEL16 Registered office · since 2023 0800141617
- BUNDL VENTURES Registered office · since 2022 0792446448
- Hyphen Finance Registered office · since 2022 0668665540
- Credix Finance Registered office · since 2021 0777287031
- MAASSMEDIA Registered office · since 2019 0731948538
- 1105 Holding Registered office · since 2019 0731752756
Connections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
09-01
Gazette deed
Capital & sharesShare issue · Auditor report · Amendment of the articles4 points ▸
- General meeting, “alle aandeelhouders aanwezig of geldig vertegenwoordigd, buitengewone algemene vergadering” (deed in Dutch)
- Share issue, 1000000, EUR
- Auditor report, EUR, “ontwerp van het bijzonder verslag van het Bestuursorgaan” (deed in Dutch)
- Amendment of the articles
09-12
Gazette deed
Registered office moved within AntwerpenNew seat: Scheldestraat 11, 2000 Antwerpen (België) · Previous seat: Stoofstraat 9, 2000 Antwerpen (België) · Resignations: Gustav Quast, Karan Sarin and Jörg Ehrhart15 points ▸
- General meeting, 01-10-2024
- Board meeting, 02-10-2024
- Director resignation, Gustav Quast (director)
- Director resignation, Karan Sarin (director)
- Director resignation, Jörg Ehrhart (director)
- Director appointment, Nicolas Heffinck (director)
- Director appointment, Mrcapdriver (director)
- Permanent representative, Nicolas Cap, mentioned 2 times in the deed
- Other provision, 02-10-2024, “kennisname ontslag bestuurders door bestuursorgaan” (deed in Dutch)
- Director resignation, Jörg Ehrhart (managing director)
- Director resignation, Karan Sarin (managing director)
- Director appointment, JUWIS CONSULTING (algemeen directeur)
- The act holds 3 more points.
13-11
Gazette deed
Appointment: Karan Sarin (director)4 points ▸
- General meeting, 17-10-2023
- Director appointment, Karan Sarin (director)
- Board meeting, 17-10-2023
- Director appointment, Karan Sarin (managing director)
19-09
Gazette deed
3 directors appointed, 2 directors resigningResignations: Mrcapdriver CommV (director) and JUWIS Consulting CommV (director) · Permanent representatives: Nicolas Cap and Maxime Sureda · Appointments: Jörg Ehrhart (director) and Gustav Quast (director)9 points ▸
- General meeting, 16-08-2023
- Director resignation, Mrcapdriver CommV (director)
- Director resignation, JUWIS Consulting CommV (director)
- Permanent representative, Nicolas Cap
- Permanent representative, Maxime Sureda
- Director appointment, Jörg Ehrhart (director)
- Director appointment, Gustav Quast (director)
- Board meeting, 10-08-2023
- Director appointment, Jörg Ehrhart (managing director)
18-10
Gazette deed
IncorporationStarting capital €5,000 · Appointments: JUWIS CONSULTING COMMV, MRCAPDRIVER COMMV and TRIUMPH COMMV · Permanent representatives: SUREDA Maxime, CAP Nicolas and VAN HALEWYCK Thomas · Founder14 points ▸
- Incorporation, 14-10-2022
- Founder, BUNDL VENTURES
- Incorporation, 13-10-2022
- Founding capital, €5,000
- Other provision, “statuten vastgesteld, statuten luiden als volgt” (deed in Dutch)
- Registered office clause, “2000 Antwerpen, Stoofstraat 9” (deed in Dutch)
- Board rule, 3
- Director appointment, JUWIS CONSULTING COMMV (director (not named in the articles))
- Permanent representative, SUREDA Maxime
- Director appointment, MRCAPDRIVER COMMV (director (not named in the articles))
- Permanent representative, CAP Nicolas
- Director appointment, TRIUMPH COMMV (director (not named in the articles))
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
9 activities
- De productie, de groot- en kleinhandel, de in- en uitvoer, de aan- en verkoop, de distributie en levering van alle mogelijke koude- en warme dranken, alcoholische en niet alcoholische dranken, dit in de meest ruime zin waaronder bergrepen water, limonades, frisdranken, zuiveldranken, koffie, thee, bieren, wijnen, distillaten, mousserende dranken, likeuren, in de meest ruime zin waarbij de handel onder andere via internet en ook onder de vorm van direct (toog)verkoop gebeurt
- De productie, de groot- en kleinhandel, de in- en uitvoer, de aan- en verkoop, de distributie en levering van snacks, voorverpakte voedingsproducten, kouden en warme gerechten, gebak en confiserie, vlees- en viswaren, ijs, en alle aanverwante artikelen waarbij de handel onder andere via internet en ook onder de vorm van direct (toog)verkoop gebeurt
- De verwezenlijking van laboratoriumanalyses van allerlei aard en allerlei producten
- Het uitvoeren van onderzoek en het verlenen van advies en begeleiding van scheikunde, fysica, biologie, bacteriologie, toxicologie, ecologie, milieu, gezondheid, en alle aangrenzende gebieden
- De aankoop, verhuur, onderhoud en verkoop van alle roerende goederen desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden zoals alle soorten materieel, gereedschappen, machines, installaties en computers, soft- en hardware
- Het aanvragen, verwerven, verhandelen en exploiteren van licenties, octrooien, merken en dergelijke
- Het oprichten en verwerven van participaties in alle commerciële, industriële en financiële ondernemingen, zowel Belgische als buitenlandse
- Het uitoefenen van de functie van bestuurder of vereffenaar in andere vennootschappen
- Het beheren, valoriseren en oordeelkundig uitbreiden van een patrimonium, bestaande uit onroerende en roerende goederen. Zo mag de vennootschap onder meer overgaan tot het aankopen, opschikken, uitrusten, valoriseren, bouwen, in erfpacht geven of nemen, opstalrecht verlenen of krijgen, verhuren of in huur nemen van onroerende goederen, bebouwd of onbebouwd, gemeubeld of ongemeubeld
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11804D3488/00S006 | Flanders | 1,920 m² | 1 · 422 m² | 9.2 m · 3 |
| 11804D0162/00E000 | Flanders | 452 m² | 1 · 382 m² | 20.4 m · 4 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.