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XV MANAGEMENT

Active
Private limited companyfounded 20233 yrs activeRue Prés-Champs 25, 4671 Blégny, BelgiumKBO/BCE: BE 0797.793.227
Summary

XV MANAGEMENT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €78,223 and a net result of €32,991. Its solvency ranks better than 46% of 37951 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability97▼-3
Solvency79▼-9
Growth52
Track record94
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.82 in 2023; short-term debt: 44.8% and cash: 98.7% of total assets), and 45.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
61 d late
2023
243 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 152 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)
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

History

XV MANAGEMENT was incorporated on 30 January 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€78,223▲ 72.9%
2023 · €45,232
Total assets
€144,662▲ 101%
2023 · €72,051
Net result
€32,991▼ 21.9%
2023 · €42,232
Working capital
€78,823▲ 69.6%
2023 · €46,472
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€53,848-€45,130▼ 16.2%
Net result€42,232within the sector's middle half-€32,991within the sector's middle half▼ 21.9%
Equity€45,232within the sector's middle half-€78,223within the sector's middle half▲ 72.9%
Total assets€72,051below the sector's middle half-€144,662within the sector's middle half▲ 101%
Debt€26,819-€66,439▲ 148%
Working capital€46,472within the sector's middle half-€78,823within the sector's middle half▲ 69.6%
Solvency62.8%within the sector's middle half-54.1%within the sector's middle half▼ 8.7pp
Current ratio2.82within the sector's middle half-2.22within the sector's middle half▼ 0.60
Return on assets (ROA)58.6%above the sector's middle half-22.8%within the sector's middle half▼ 35.8pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €53,848€53,848Net result 2023: €42,232€42,232Operating result 2024: €45,130€45,130Net result 2024: €32,991€32,99120232024€0€20,000€40,000€60,000Operating result 2023: €53,848€53,800Net result 2023: €42,232€42,200Operating result 2024: €45,130€45,100Net result 2024: €32,991€33,00020232024
The operating result falls in 2024; 2024 is 16% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €144,662
Fixed assets €980
Current assets €143,682
Equity and liabilities €144,662
Equity €78,223 ▲ 72.9%
Debt €66,439 ▲ 148%
Debt's share of the balance-sheet total rises from 37.2% to 45.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€45,218
Cash flow
€33,079
Quick ratio
2.21▼
2023 · 2.82
Debt to equity
0.85▲
2023 · 0.59
ROE
42.2%▼
2023 · 93.4%
Interest coverage
67.09
Debt ≤ 1 year
€64,859▲
2023 · €25,579
Income taxes
€11,465▼
2023 · €11,566
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 39,278 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€72,051€144,662▲
Fixed assets21/28-€980
Tangible fixed assets22/27-€980
Furniture and vehicles24-€980
Current assets29/58€72,051€143,682▲
Stocks and contracts in progress3-€325
Stocks30/36-€325
Amounts receivable within one year40/41€11,300€646▼
Trade receivables40€11,300€646▼
Cash at bank and in hand54/58€60,751€142,711▲
Equity and liabilities
Total equity and liabilities10/49€72,051€144,662▲
Equity10/15€45,232€78,223▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€42,232€75,223▲
Amounts payable17/49€26,819€66,439▲
Amounts payable within one year42/48€25,579€64,859▲
Trade debts44€802€1,564▲
Suppliers440/4€624€460▼
Bills of exchange payable441€178€1,104▲
Advances received on contracts in progress46-€24,200
Taxes, remuneration and social security45€23,587€36,855▲
Taxes450/3€23,587€36,855▲
Other amounts payable47/48€1,190€2,240▲
Accrued charges and deferred income492/3€1,240€1,580▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€88
Other operating charges640/8€50€4,130▲
Gross operating margin9900€53,898€49,348▼
Operating profit (loss)9901€53,848€45,130▼
Financial charges65/66B€50€674▲
Recurring financial charges65€50€674▲
Profit (loss) for the period before taxes9903€53,798€44,456▼
Income taxes67/77€11,566€11,465▼
Profit (loss) for the period9904€42,232€32,991▼
Profit (loss) for the period to be appropriated9905€42,232€32,991▼
Appropriation of the result
Profit (loss) to be appropriated9906€42,232€75,223▲
Profit (loss) brought forward from the previous period14P-€42,232

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€88-
Other operating charges640/8€50€4,130▲ 8,160%
Gross operating margin9900€53,898€49,348▼ 8.4%
Operating profit (loss)9901€53,848€45,130▼ 16.2%
Financial charges65/66B€50€674▲ 1,248%
Recurring financial charges65€50€674▲ 1,248%
Profit (loss) for the period before taxes9903€53,798€44,456▼ 17.4%
Income taxes67/77€11,566€11,465▼ 0.9%
Profit (loss) for the period9904€42,232€32,991▼ 21.9%
Profit (loss) for the period to be appropriated9905€42,232€32,991▼ 21.9%
Line20232024Change
Assets
Total assets20/58€72,051€144,662▲ 101%
Fixed assets21/28-€980-
Tangible fixed assets22/27-€980-
Furniture and vehicles24-€980-
Current assets29/58€72,051€143,682▲ 99.4%
Stocks and contracts in progress3-€325-
Stocks30/36-€325-
Amounts receivable within one year40/41€11,300€646▼ 94.3%
Trade receivables40€11,300€646▼ 94.3%
Cash at bank and in hand54/58€60,751€142,711▲ 135%
Equity and liabilities
Total equity and liabilities10/49€72,051€144,662▲ 101%
Equity10/15€45,232€78,223▲ 72.9%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€42,232€75,223▲ 78.1%
Amounts payable17/49€26,819€66,439▲ 148%
Amounts payable within one year42/48€25,579€64,859▲ 154%
Trade debts44€802€1,564▲ 95.0%
Suppliers440/4€624€460▼ 26.3%
Bills of exchange payable441€178€1,104▲ 520%
Advances received on contracts in progress46-€24,200-
Taxes, remuneration and social security45€23,587€36,855▲ 56.3%
Taxes450/3€23,587€36,855▲ 56.3%
Other amounts payable47/48€1,190€2,240▲ 88.2%
Accrued charges and deferred income492/3€1,240€1,580▲ 27.4%
Line20232024Change
Profit (loss) for the period9904€42,232€32,991▼ 21.9%
+ Depreciation and write-downs630-€88-
Operating cash flow (approximation)€42,232€33,079▼ 21.7%
Change in cash-€81,960-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
31-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 243 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Blégny · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
6,192 m²
Building footprint
1,189 m²
Volume, LiDAR
10,762 m³
Parcel 62010A0120/00W002, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
XV MANAGEMENT
Rue Prés-Champs 25, 4671 BlégnyActivities of head offices
since 20232.346.035.664
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62010A0120/00W002 Wallonia 6,192 m² 1 · 1,189 m² 10.0 m · 3 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.

Structure & network

Owners and holdings

1 holding

Owners 0

No owner stated in the accounts, acts or LEI register we read.

Holdings 1

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 40,032 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded30-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Contact
E-mail anton.fazlija@u-smile.be
E-invoicing
Not found in the Peppol register

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Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.