XTRATECH
ActiveSummary
XTRATECH has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €266,399 and a net result of -€8,355. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 41% of 8113 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability44▲+13
Solvency70▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.27 against 0.36 in 2023; short-term debt: 54.3% and cash: 1.3% of total assets), and 55.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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 2024Solvency, return and age of the figures
Solvency
44.8%
Return on assets
-1.4%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8,355
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2026, 392 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
392 d late
2023
26 d late
2022
32 d early
2021
38 d early
2020
31 d late
2019
91 d late
← 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 78 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€113,760
EBIT margin
28.2%
Net result
-€8,355▲ 42.0%
2023 · -€14,410
Working capital
-€237,345▲ 1.9%
2023 · -€242,041
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20202021202220232024
Turnover
Operating result€33,744▼ 4.0%€72,157▲ 114%€52,628▼ 27.1%€12,092▼ 77.0%€4,753▼ 60.7%
Net result€116,199above the sector's middle half▲ 440%€83,334within the sector's middle half▼ 28.3%€33,671within the sector's middle half▼ 59.6%-€14,410below the sector's middle half-€8,355below the sector's middle half▲ 42.0%
EBIT margin
Equity€172,159within the sector's middle half▲ 208%€255,493within the sector's middle half▲ 48.4%€289,164within the sector's middle half▲ 13.2%€274,754within the sector's middle half▼ 5.0%€266,399within the sector's middle half▼ 3.0%
Total assets€724,459above the sector's middle half=€779,789within the sector's middle half▲ 7.6%€829,792within the sector's middle half▲ 6.4%€672,871within the sector's middle half▼ 18.9%€595,235within the sector's middle half▼ 11.5%
Debt€552,300▼ 17.4%€524,297▼ 5.1%€540,627▲ 3.1%€398,117▼ 26.4%€328,836▼ 17.4%
Working capital-€372,714below the sector's middle half▲ 15.2%-€266,533below the sector's middle half▲ 28.5%-€235,613below the sector's middle half▲ 11.6%-€242,041below the sector's middle half▼ 2.7%-€237,345below the sector's middle half▲ 1.9%
Solvency23.8%below the sector's middle half▲ 16.0pp32.8%within the sector's middle half▲ 9.0pp34.8%within the sector's middle half▲ 2.1pp40.8%within the sector's middle half▲ 6.0pp44.8%within the sector's middle half▲ 3.9pp
Current ratio0.27below the sector's middle half▲ 0.060.46below the sector's middle half▲ 0.180.54below the sector's middle half▲ 0.090.36below the sector's middle half▼ 0.180.27below the sector's middle half▼ 0.09
Return on assets (ROA)16.0%within the sector's middle half▲ 13.1pp10.7%within the sector's middle half▼ 5.4pp4.1%within the sector's middle half▼ 6.6pp-2.1%below the sector's middle half▼ 6.2pp-1.4%below the sector's middle half▲ 0.7pp
Staff (FTE)0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 61% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €595,235
Fixed assets
€509,623 ▼ 5.3%
Current assets
€85,612 ▼ 36.6%
Equity and liabilities €595,235
Equity
€266,399 ▼ 3.0%
Debt
€328,836 ▼ 17.4%
Debt's share of the balance-sheet total falls from 59.2% to 55.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€43,082▼
2023 · €49,365
Cash flow
€29,974▲
2023 · €22,864
Debt to equity
1.23▼
2023 · 1.45
ROE
-3.1%▲
2023 · -5.2%
Interest coverage
3.29▲
2023 · 1.84
Debt ≤ 1 year
€322,957▼
2023 · €377,023
Debt > 1 year
€5,879▼
2023 · €14,315
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €32,931 | €33,813 | €33,849 | €37,274 | €38,329 | ▲ 2.8% |
| Other operating charges640/8 | - | €1,912 | €1,161 | €1,824 | €2,513 | ▲ 37.8% |
| Gross operating margin9900 | €68,838 | €107,882 | €87,638 | €51,189 | €45,595 | ▼ 10.9% |
| Operating profit (loss)9901 | €33,744 | €72,157 | €52,628 | €12,092 | €4,753 | ▼ 60.7% |
| Financial income75/76B | - | €27,247 | €0 | €552 | - | - |
| Recurring financial income75 | €99,867 | €27,247 | €0 | €552 | - | - |
| Financial charges65/66B | - | €15,760 | €16,875 | €26,859 | €13,108 | ▼ 51.2% |
| Recurring financial charges65 | €17,098 | €15,760 | €16,875 | €26,859 | €13,108 | ▼ 51.2% |
| Profit (loss) for the period before taxes9903 | €116,513 | €83,644 | €35,753 | -€14,215 | -€8,355 | ▲ 41.2% |
| Income taxes67/77 | €314 | €310 | €2,081 | €195 | - | - |
| Profit (loss) for the period9904 | €116,199 | €83,334 | €33,671 | -€14,410 | -€8,355 | ▲ 42.0% |
| Profit (loss) for the period to be appropriated9905 | €116,199 | €83,334 | €33,671 | -€14,410 | -€8,355 | ▲ 42.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €724,459 | €779,789 | €829,792 | €672,871 | €595,235 | ▼ 11.5% |
| Fixed assets21/28 | €584,571 | €555,589 | €550,442 | €537,889 | €509,623 | ▼ 5.3% |
| Tangible fixed assets22/27 | €184,071 | €155,589 | €150,442 | €137,289 | €109,023 | ▼ 20.6% |
| Land and buildings22 | - | €146,741 | €144,104 | €133,462 | €107,549 | ▼ 19.4% |
| Furniture and vehicles24 | - | €8,848 | €6,337 | €3,826 | €1,474 | ▼ 61.5% |
| Financial fixed assets28 | €400,500 | €400,000 | €400,000 | €400,600 | €400,600 | = |
| Current assets29/58 | €139,888 | €224,200 | €279,350 | €134,982 | €85,612 | ▼ 36.6% |
| Amounts receivable within one year40/41 | €74,802 | €61,977 | €93,374 | €93,750 | €77,688 | ▼ 17.1% |
| Trade receivables40 | - | €61,916 | €93,374 | €79,623 | €67,942 | ▼ 14.7% |
| Other amounts receivable41 | - | €62 | €1 | €14,126 | €9,746 | ▼ 31.0% |
| Cash at bank and in hand54/58 | €65,040 | €162,141 | €185,976 | €40,227 | €7,924 | ▼ 80.3% |
| Deferred charges and accrued income490/1 | - | €82 | €0 | €1,005 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €724,459 | €779,789 | €829,792 | €672,871 | €595,235 | ▼ 11.5% |
| Equity10/15 | €172,159 | €255,493 | €289,164 | €274,754 | €266,399 | ▼ 3.0% |
| Contributions10/11 | €65,000 | €65,000 | €65,000 | €65,000 | €65,000 | = |
| Capital10 | - | €65,000 | €65,000 | - | - | - |
| Issued capital100 | - | €65,000 | €65,000 | - | - | - |
| Reserves13 | €6,500 | €190,493 | €224,164 | €209,754 | €209,754 | = |
| Non-distributable reserves130/1 | - | €6,500 | €6,500 | €0 | - | - |
| Legal reserve130 | - | €6,500 | €6,500 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - |
| Distributable reserves133 | - | €183,993 | €217,664 | €209,754 | €209,754 | = |
| Profit (loss) carried forward14 | €100,659 | €0 | - | - | -€8,355 | - |
| Amounts payable17/49 | €552,300 | €524,297 | €540,627 | €398,117 | €328,836 | ▼ 17.4% |
| Amounts payable after more than one year17 | €37,059 | €29,882 | €22,308 | €14,315 | €5,879 | ▼ 58.9% |
| Financial debts170/4 | - | €29,882 | €22,308 | €14,315 | €5,879 | ▼ 58.9% |
| Amounts payable within one year42/48 | €512,602 | €490,733 | €514,963 | €377,023 | €322,957 | ▼ 14.3% |
| Current portion of amounts payable after more than one year42 | - | €7,177 | €7,574 | €7,993 | €8,436 | ▲ 5.5% |
| Financial debts43 | - | €355,000 | €355,000 | €195,000 | €195,000 | = |
| Credit institutions430/8 | - | €355,000 | €355,000 | €195,000 | €195,000 | = |
| Trade debts44 | - | €2,564 | €15,185 | €26,496 | €13,005 | ▼ 50.9% |
| Suppliers440/4 | - | €2,564 | €15,185 | €26,496 | €13,005 | ▼ 50.9% |
| Taxes, remuneration and social security45 | - | €887 | €10,382 | €4,847 | €16,382 | ▲ 238% |
| Taxes450/3 | - | €887 | €10,382 | €4,847 | €16,382 | ▲ 238% |
| Other amounts payable47/48 | - | €125,104 | €126,821 | €142,687 | €90,134 | ▼ 36.8% |
| Accrued charges and deferred income492/3 | - | €3,681 | €3,356 | €6,779 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €116,199 | €83,334 | €33,671 | -€14,410 | -€8,355 | ▲ 42.0% |
| + Depreciation and write-downs630 | €32,931 | €33,813 | €33,849 | €37,274 | €38,329 | ▲ 2.8% |
| Operating cash flow (approximation) | €149,131 | €117,146 | €67,520 | €22,864 | €29,974 | ▲ 31.1% |
| Investment in fixed assets (approximation) | - | -€4,830 | -€28,701 | -€24,721 | -€10,063 | ▲ 59.3% |
| Change in cash | - | €97,101 | €23,835 | -€145,748 | -€32,303 | ▲ 77.8% |
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
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 392 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet -€14,410
Net result drops to -€14,410, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €255,493 ▲48.4%
4 profitable years in a row build equity to €255,493.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €116,199 ▲440%
Net result €116,199, the highest in the series.
31-12
Financial
Equity above €150,000Eq €172,159 ▲208%
3 profitable years in a row build equity to €172,159.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Koksijde · 1 establishment unit since 2006
Ground area
1,457 m²
Building footprint
212 m²
Volume, LiDAR
1,230 m³
Parcel 38018A0805/00B000, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XTRATECH
since 20062.230.214.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38018A0805/00B000 | Flanders | 1,457 m² | 1 · 212 m² | 9.4 m · 2 fl. |
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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 38,718 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
Founded24-07-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0882670997
Also
9925:BE0882670997
Registered
19-12-2025
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.