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XTRASPACE

Active
Public limited companyfounded 197155 yrs activeWaggelwater 6, 8200 Brugge, BelgiumKBO/BCE: BE 0408.392.962
Summary

XTRASPACE has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€175,204) and a net result of €50,916. Equity is growing by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 2025 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisWatch ReportCompare
XTRASPACEActiveChecked score 50/100
Risk analysis ReportCompare

Overview

What they do
Rental and leasing activities
NACE 77394NACE 45113Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811
#3 oldest company in Bruges, Administrative and support services sector1 site
How big
€9,545total assets 2024
Staff
1 FTE
Equity
-€175,204
Profit
€50,916
Turnover not published (abridged schema)
Financially healthy?
50 Fair Checked score 2024
Bankruptcy chance 12 m
0.6%
Who decides
Accounts 62 d overdue0 of 12 deeds read
Why 50- Annual accounts: weaker financial profile- Higher-failure-rate sector- Weak solvency vs sector+ Long track record+ Lower-risk legal formFiled after the deadlineShow the evidence

Checked score

Score 2024
50 / 100
Fair
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.05 in 2023; cash: 6.6% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 55 years 0 60 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Return on assets
533.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2025 sector peers (2024).
NBB · sector comparison
Position among 2025 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
1 d late
2021
23 d late
2020
7 d late
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 15 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2018net €50,916 ▲86.9%
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€175,204 View
  • Caution: Among the weakest 5% on solvencysector median 31.3% · 2,025 companies -1835.5% View
  • Caution: Accounts not fileddeadline was 31-07-2026 62 d late View
  • Positive: 5 profitable years in a rowprofit 2024: €50,916 5 years View
  • Active since 1971founded 17-06-1971 55 years View

By topic

Financials

Fiscal year
2024
Total assets
€9,545
Profit
€50,916
Solvency
-1835.5%
Total assets▼ 27.8%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 31-08-2025Annual accounts filed
  2. 31-12-2024Highest result since 2018
  3. 29-08-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Rental and leasing activitiesNACE 77394
Founded
17-06-1971
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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