X.E.L.
The file of X.E.L. contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 8.2% (elevated). The 2025 annual accounts show negative equity (€-156k) and a net result of €-29k. Equity is shrinking by ~9% per year across the filed fiscal years. Its solvency ranks better than 5% of 1106 sector peers (fiscal year 2025).
| Equity | €-156k |
| Net result | €-29k |
| Better than sector | 5% |
| Active | 5 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -718.3% | 25.6% | |
| Net result | €-29k | €7k | |
| Equity | €-156k | €22k | |
| Gross operating margin | €113k | €63k | |
| Staff costs | €134k | €51k |
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €-21k |
| Net profit | €-29k |
| Cash flow | €-24k |
| Staff costs | €134k |
| Income taxes | - |
| Dividends | - |
| Total assets | €22k |
| Equity | €-156k |
| Debt | €177k |
| of which ≤ 1y | €177k |
| of which > 1y | - |
| Working capital | €-158k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.11 |
| Quick ratio | 0.11 |
| Working capital ratio | -727.9% |
| Solvency | -718.3% |
| Debt / equity | -1.14 |
| Long-term debt ratio | - |
| Interest coverage | -7.37 |
| Gross margin | - |
| Net margin | - |
| ROA | -134.9% |
| ROE | 18.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (19 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €22k |
| Fixed assets | 21/28 | €2k |
| Tangible fixed assets | 22/27 | €2k |
| Current assets | 29/58 | €20k |
| Cash & bank | 54/58 | €20k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €22k |
| Equity | 10/15 | €-156k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €-157k |
| Amounts payable | 17/49 | €177k |
| Amounts payable within one year | 42/48 | €177k |
| Trade debts payable within one year | 44 | €62k |
| Income statement | ||
| Gross operating margin | 9900 | €113k |
| Operating result | 9901 | €-26k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-29k |
| Net result for the period | 9904 | €-29k |
| Result to be appropriated | 9905 | €-29k |
| Role | Name | Tenure |
|---|---|---|
| Curator | PASCAL LAMBERT RUE DE LA LECHE 36,
4020 LIEGE 2 |
04-12-2023 → present |
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 01-06-2021 |
| Status | Active |
| Postal code | 4040 |
| First insolvency signal | 08-12-2023 |
| Latest insolvency signal | 25-01-2024 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62313E0992/00R000indicative | Wallonia | 1,444 m² | 1 · 161 m² | 3.9 m · 1 fl. |
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 04-12-2023 to 22-01-2024.
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
| Legal nameFR | X.E.L. |