Equity
€6.1m ▲ 1.6%
Xwift has made a profit in every financial year since 2007.
Xwift
Lifetime
18 annual accounts with figures on one time axis, 27 filings since 1999peak €43.0m (2024)
€43.0m▲ 29.4%
peak €2.5m (2023)
€96,670▼ 96.1%
peak €6.1m (2024)
€6.1m▲ 1.6%
€81.6m▲ 150%
peak 299.1 FTE (2024)
299.1 FTE▲ 15.4%
Board6 names since 2012
-
Owners
96.67%INBOX
Documentsfilings and deeds
29-09-202560 days late
2024financial year
Turnover from €33.2m to €43.0mResult from €2.5m to €96,670Staff from 259.2 FTE to 299.1 FTEAmendment of the articles 28-10Merger: XWIFT takes over CUSTOMIZED TRANSPORT SOLUTIONS 21-08Merger proposal: XWIFT takes over CUSTOMIZED TRANSPORT SOLUTIONS 17-06
Key points
from the 2024 annual accountsResult
€96,670 ▼ 96.1%
The result fell in 2024: merger with BUYL TRANSPORT.
Debts
€81.6m 93% of the balance sheet
Financial debts 79%Suppliers 7%Taxes and wages 4%Other 11%
€58.1m of the debts are secured on the company's own assets.
Investments
€8.2m 2.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 73.7% higher than in 2023.
Filings
27 annual accounts 91 days
Latest accounts filed late: after the legal deadline.
Restructuring
6
6 restructurings since 2025. Latest: merger with JET-CAR INVEST.
Checked score
49
Fair
Financially stronger than 40% of large companies in land transport (NACE 49)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 31 companies (NACE 49, large).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.6%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 1.3%▲ +0.4 percentage points vs 07-2025
09-2025: 1.6%▲ +0.3 percentage points vs 08-2025
10-2025: 2.4%▲ +0.8 percentage points vs 09-2025
11-2025: 2.2%▼ -0.2 percentage points vs 10-2025
12-2025: 2.2%● unchanged vs 11-2025
01-2026: 2.2%● unchanged vs 12-2025
02-2026: 2.1%▼ -0.1 percentage points vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.2%▲ +0.1 percentage points vs 05-2026
07-2026: 2.2%● unchanged vs 06-2026
08-2026: 2.8%▲ +0.6 percentage points vs 07-2026
09-2026: 3.3%▲ +0.5 percentage points vs 08-2026
10-2026: 4.0%▲ +0.7 percentage points vs 09-2026highest value
11-2026: 3.7%▼ -0.3 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.47, cash €1.6m
Figures for financial year 2024 (filed on 02-10-2025)
Sector: Land transport and transport via pipelines (NACE 49)
lowers risk
Founded in 1998
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 49, large). It does better than 13% of them on solvency, 40% on liquidity, 33% on profitability and 73% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
Credit verdict
Credit of up to €300,000 on 30-day terms, only on tighter conditions: the latest accounts were filed more than 90 days after the deadline
Liquidity is insufficient, with a current ratio of 0.47 (0.86 in 2023), below 1. Short-term debt is 46.4% and cash 1.8% of total assets. 93% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 91 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-10-2026, 91 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
91 days late
2024
60 days late
2023
34 days early
2022
32 days early
2021
18 days early
2020
115 days late
2019
38 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (4 of the last 5 accounts filed within 78 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- INBOX 100%equity €11.0m (2025) · deed of 18-02-2026
Shares in 6 companies, including AXITRANS and CUSTOMIZED TRANSPORT SOLUTIONS
Board & ownershipRecent changes
1 director resigning
CABO SERVICES · Permanent representatives: Nick Leenaert, Daan De Wever and Jan Ponnet · Director discharge: Nick Leenaert · General meeting of 17-09-2026 · Gazette deed
Merger: XWIFT takes over JET-CAR INVEST
INBOX holds all the shares · INBOX holds 15,000 shares · General meeting of 31-03-2026 · Gazette deed
Merger proposal: XWIFT takes over JET-CAR INVEST
Permanent representatives: Pieter Denys, Nick Leenaert, Daan De Wever and Jan Ponnet · The company holds all the shares of JET-CAR INVEST · JET-CAR INVEST holds all the shares · Gazette deed
Merger: XWIFT takes over VADESCO LOGISTICS
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Xwift Nazareth-De Pinte | €43.0m | 3.1% | 7.0% | 299.1 |
| GLS Belgium Distribution Drogenbos | €75.0m | 10.1% | 75.7% | 241.3 |
| GENERAL LOGISTICS SYSTEMS BELGIUM Drogenbos | €142.0m | 5.3% | 60.0% | 300.2 |
| COSELOG Tournai | €30.2m | 4.2% | 21.9% | 186 |
| VANHEEDE ENVIRONMENTAL LOGISTICS Wervik | €143.0m | -1.7% | 26.5% | 463.3 |
| VAN MOER TRANSPORT Beveren-Kruibeke-Zwijndrecht | €84.0m | 0.3% | 10.3% | 391.5 |
| GHENT HANDLING AND DISTRIBUTION Ghent | €117.1m | 9.2% | 75.1% | 532.7 |
Grey: the largest companies of the sector (land transport (NACE 49)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Xwift: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €42m and €172m, founded between 1986 and 2006.
Official details
Source: KBO- Status
- Active since 17-12-1998Normal situation
- Activity
- Freight transport by roadNACE 49410
- Establishment units
- 2.090.578.8409810 Nazareth-De Pinte, since 25-03-1999
- 2.309.818.5379830 Sint-Martens-Latem, since 01-01-2020and 6 others
- Financial year end
- 31 December
- Peppol
- Reachable since 14-02-2025
Companies linked to Xwift
Subsidiaries and holdings
Insights on Xwift
Xwift has existed since 1998. Turnover grew from €2.4m in 2010 to €43.0m in 2024 and staff from 24 to 299.1 full-time equivalents.
Turnover has grown every year since 2020. Solvency fell in 2024 from 15.6% to 7.0% because of higher long-term debts.
INBOX holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Xwift
- What is the company number of Xwift?
- The company number of Xwift is 0464.886.950. The VAT number is the same number with BE in front: BE 0464.886.950.
- Where is Xwift based?
- The registered office is at Steenweg Deinze 148, 9810 Nazareth-De Pinte.Company details
- What does Xwift do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of Xwift?
- Xwift is a private limited company (BV).
- When was Xwift founded?
- Xwift was founded on 17-12-1998.
- Is Xwift still active?
- Yes, Xwift is an active enterprise in the KBO register.
- How many employees does Xwift have?
- Xwift had an average of 299.1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Xwift?
- The turnover of Xwift was €43.0m in financial year 2024, according to the filed annual accounts.
- Is Xwift profitable?
- In financial year 2024, Xwift made a profit of €96,670.
- Where can I find the annual accounts of Xwift?
- Xwift filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Xwift due?
- Xwift must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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