Equity
€20,460 from €206,781 in 2021
Equity fell by 90% in 4 years.
Xylsys
Lifetime
11 annual accounts with figures on one time axispeak €117,581 (2024)
€97,087▼ 17.4%
peak €85,952 (2024)
€69,666▼ 18.9%
peak €206,781 (2021)
€20,460▼ 79.8%
€194,177▼ 12.5%
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €117,581 to €97,087Dividend €150,522Equity from €101,316 to €20,460Cash from €190,549 to €80,629
Key points
from the 2025 annual accountsChecked score
92
Excellent
Financially stronger than 32% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Equity €20,460 (9.5% of total assets)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €214,637
Liquidity: current ratio 1.01, cash €80,629, halved
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 62, micro). It does better than 16% of them on solvency, 22% on liquidity, 82% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 1,325 companies had the same profile as Xylsys has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Xylsys itself is lower: 0.1% within 12 months. It rests on far more data about Xylsys than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,325 companies, not a prediction for Xylsys. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (1.33 in 2024), below the usual 1.5. Short-term debt is 90.5% and cash 37.6% of total assets. 90.5% 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 21206 sector peers (2025).
NBB · sector comparisonPosition among 21206 sector peers
Solvency
better than 14%
← weakest
strongest →
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
30 days late
2024
23 days late
2023
2 days late
2022
46 days early
2021
29 days late
2020
27 days late
2019
41 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 15 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 23 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0568924497
Incorporation
published on 23-01-2015 · Gazette deed
First establishment
Rue du Plagniau 33, Rixensart
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Xylsys Rixensart | €214,637 | €97,087 | 9.5% | - |
| AKRONIS Rixensart | €176,576 | €91,728 | 39.4% | - |
| XEKINA Ottignies-Louvain-la-Neuve | €207,638 | €85,967 | 9.9% | - |
| KD-ITS Kortrijk | €200,212 | €95,195 | 72.7% | - |
| QUINET-COMPANY Péruwelz | €200,465 | €94,558 | 63.3% | - |
| Mersato Mortsel | €219,289 | €88,692 | 96.5% | 0 |
| PureAutomation Lievegem | €228,397 | €99,642 | 60.1% | - |
These companies have the same main activity as Xylsys: computer programming (NACE 62100). They are comparable in size and age: total assets between €177,000 and €228,000, founded between 2013 and 2016.
Official details
Source: KBO- Status
- Active since 21-01-2015Normal situation
- Activity
- Computer programmingNACE 62100
- Establishment unit
- 2.238.538.5811330 Rixensart, since 21-01-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Insights on Xylsys
Xylsys files the micro format. That format states no turnover. The gross margin rose from €51,831 in 2015 to €97,087 in 2025.
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 Xylsys
- What is the company number of Xylsys?
- The company number of Xylsys is 0568.924.497. The VAT number is the same number with BE in front: BE 0568.924.497.
- Where is Xylsys based?
- The registered office is at Rue du Plagniau 33, 1330 Rixensart.Company details
- What does Xylsys do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Xylsys?
- Xylsys is a private limited company (pre-2019) (BVBA).
- When was Xylsys founded?
- Xylsys was founded on 21-01-2015.
- Is Xylsys still active?
- Yes, Xylsys is an active enterprise in the KBO register.
- What is the turnover of Xylsys?
- The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €97,087 and 41 comparable companies (NACE 62100). It probably lies between €190,000 and €290,000.Financials
- Is Xylsys profitable?
- In financial year 2025, Xylsys made a profit of €69,666.
- Where can I find the annual accounts of Xylsys?
- Xylsys filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Xylsys due?
- Xylsys must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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