XWOOD
ActiveThe annual accounts of XWOOD for fiscal year 2025 show a net loss of 103% of the equity at the start of that year. The 2025 annual accounts show equity of €4k and a net result of €-59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 313 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-51
Solvency26▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.13 against 2.0 in 2024; short-term debt: 37.8% and cash: 10.5% of total assets), and 99.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
0.6%
Return on assets
-8.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 313 sector peers (2025).
NBB · sector comparisonPosition among 313 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 9 filingsDeviation from the deadline
2025
31 d late
2024
38 d early
2023
23 d late
2022
37 d late
2021
78 d late
2020
5 d early
2019
45 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 92.4%
2024 · €58k
2019: €-2k
2020: €70
2021: €-23k
2022: €3k
2023: €13k
2024: €58k
2019 → 2025
Total assets
€693k▲ 13.7%
2024 · €610k
2019: €359k
2020: €725k
2021: €619k
2022: €604k
2023: €641k
2024: €610k
2019 → 2025
Net result
€-59k
2024 · €45k
2019: €4k
2020: €-13k
2021: €-23k
2022: €26k
2023: €10k
2024: €45k
2019 → 2025
Working capital
€34k▼ 72.6%
2024 · €125k
2019: €-271k
2020: €33k
2021: €39k
2022: €85k
2023: €113k
2024: €125k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€3k€13k▲ 355%€58k▲ 342%€4k▼ 92.4%
Operating result€-20k-€29k€13k▼ 56.5%€46k▲ 259%€-70k
Net result€-23k-€26k€10k▼ 61.0%€45k▲ 339%€-59k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €70k after €46k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €693k
Fixed assets
€397k▲ 10.3%
Current assets
€296k▲ 18.7%
Equity and liabilities €693k
Equity
€4k▼ 92.4%
Provisions
€25k=
Debt
€664k▲ 26.0%
The debt ratio rises from 86.5% to 95.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€18k▼
2024 · €88k
Cash flow
€29k▼
2024 · €86k
Solvency
0.6%▼
2024 · 9.4%
Current ratio
1.13▼
2024 · 2.00
Quick ratio
0.56▼
2024 · 0.74
ROA
-8.6%▼
2024 · 7.3%
Interest coverage
2.31▼
2024 · 41.00
Debt
€664k▲
2024 · €527k
Debt ≤ 1 year
€262k▲
2024 · €125k
Debt > 1 year
€401k▲
2024 · €392k
Income taxes
€-64▼
2024 · €500
Staff costs
€826▼
2024 · €3k
A ratio outside any meaningful range has been withheld (balance sheet total €693k, equity €4k).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€610k€693k▲
Fixed assets21/28€360k€397k▲
Tangible fixed assets22/27€358k€396k▲
Land and buildings22€26k€20k▼
Plant, machinery and equipment23€44k€135k▲
Furniture and vehicles24€116k€102k▼
Other tangible fixed assets26€10k€9k▼
Assets under construction and advance payments27€162k€130k▼
Financial fixed assets28€2k€2k▼
Current assets29/58€249k€296k▲
Stocks and contracts in progress3€157k€151k▼
Stocks30/36€157k€151k▼
Amounts receivable within one year40/41€78k€69k▼
Trade receivables40€47k€44k▼
Other amounts receivable41€32k€25k▼
Cash at bank and in hand54/58€12k€73k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€610k€693k▲
Equity10/15€58k€4k▼
Contributions10/11€27k€33k▲
Profit (loss) carried forward14€30k€-29k▼
Provisions and deferred taxes16€25k€25k=
Provisions for liabilities and charges160/5€25k€25k=
Other liabilities and charges164/5€25k€25k=
Amounts payable17/49€527k€664k▲
Amounts payable after more than one year17€392k€401k▲
Financial debts170/4€63k€72k▲
Other amounts payable178/9€329k€329k=
Amounts payable within one year42/48€125k€262k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€28k€13k▼
Suppliers440/4€28k€13k▼
Taxes, remuneration and social security45€4k€228▼
Taxes450/3€563€228▼
Remuneration and social security454/9€4k€0▼
Other amounts payable47/48€76k€231k▲
Accrued charges and deferred income492/3€11k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€66k€454▼
Remuneration, social security and pensions62€3k€826▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€88k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€15k€0▼
Other operating charges640/8€5k€20k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€116k€39k▼
Operating profit (loss)9901€46k€-70k▼
Financial income75/76B€1k€18k▲
Recurring financial income75€1k€65▼
Non-recurring financial income76B-€18k
Financial charges65/66B€2k€8k▲
Recurring financial charges65€2k€8k▲
Profit (loss) for the period before taxes9903€45k€-60k▼
Income taxes67/77€500€-64▼
Profit (loss) for the period9904€45k€-59k▼
Profit (loss) for the period to be appropriated9905€45k€-59k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€-29k▼
Profit (loss) brought forward from the previous period14P€-14k€30k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-59k ▼233%
Net result drops to €-59k, the lowest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €45k ▲339%
Operating result €46k, net result €45k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 7current ratio 1.18
Current ratio from 0.16 to 1.18; short-term debt falls from €324k to €189k.
2019
17-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Aywaille · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Bénister 54920 AywailleGround area
6,000 m²
Building footprint
646 m²
Volume, LiDAR
3,506 m³
Parcel 61026A1010/00N003, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XWOOD
since 20162.287.819.432
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61026A1010/00N003 | Wallonia | 6,000 m² | 1 · 646 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAywaille2.287.819.432
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Of 1,556 companies in sector 02200 we hold annual accounts for 449. 94 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-05-2016
Fiscal year end31-12
Activities, NACEBEL
02200Logging
02400Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:foret.xwood@gmail.com
Phone:+32479502489