X-Vision

Active

Private limited companyfounded 20196 yrs activeForges(BLN) 12, 4837 Baelen, BelgiumKBO/BCE: BE 0740.549.072

Summary

X-Vision has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €86k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

X-VisionActiveChecked score 56/100

Risk analysis Report Compare

Checked score

Score 2025

56 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency33▼-60

Growth58▼-20

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.12 against 0.77 in 2024; short-term debt: 92% and cash: 2.7% of total assets), and 92.5% of the assets are financed with debt.

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 →

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

7.5%

Return on assets

38.6%

Age of the figures

9 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 31791 sector peers (2025).

NBB · sector comparison

Position among 31791 sector peers

Solvency

better than 15%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-04-2026, 112 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

112 d early

2024

104 d early

2023

118 d early

2022

187 d early

2021

108 d early

2020

124 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

25-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€86k▼ 42.1%

2024 · €148k

2020: €70klowest in 6 years 2021: €134k▲ +91.1% vs 2020 2022: €146k▲ +9.1% vs 2021 2023: €179k▲ +22.9% vs 2022highest in 6 years 2024: €148k▼ -17.4% vs 2023 2025: €86k▼ -42.1% vs 2024

2020 → 2025

Working capital

€-180k▼ 1,031%

2024 · €-16k

2020: €66k 2021: €163k▲ +145% vs 2020 2022: €164k▲ +0.8% vs 2021highest in 6 years 2023: €4k▼ -97.6% vs 2022 2024: €-16k▼ -505% vs 2023 2025: €-180k▼ -1031% vs 2024lowest in 6 years

2020 → 2025

Trend over the years

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€205k-€350k▲ 71.3%€180k▼ 48.6%€149k▼ 17.3%€17k▼ 88.8% 2021: €205k 2022: €350k▲ +71.3% vs 2021highest in 5 years 2023: €180k▼ -48.6% vs 2022 2024: €149k▼ -17.3% vs 2023 2025: €17k▼ -88.8% vs 2024lowest in 5 years

Operating result€174k-€192k▲ 10.3%€237k▲ 23.3%€201k▼ 15.0%€118k▼ 41.1% 2021: €174k 2022: €192k▲ +10.3% vs 2021 2023: €237k▲ +23.3% vs 2022highest in 5 years 2024: €201k▼ -15.0% vs 2023 2025: €118k▼ -41.1% vs 2024lowest in 5 years

Net result€134k-€146k▲ 9.1%€179k▲ 22.9%€148k▼ 17.4%€86k▼ 42.1% 2021: €134k 2022: €146k▲ +9.1% vs 2021 2023: €179k▲ +22.9% vs 2022highest in 5 years 2024: €148k▼ -17.4% vs 2023 2025: €86k▼ -42.1% vs 2024lowest in 5 years

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 41% below 2024 and is the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €222k

89.2%

11%

Fixed assets €198k ▲ 19.3%

Current assets €24k ▼ 55.1%

Equity and liabilities €222k

92.5%

Equity €17k ▼ 88.8%

Debt €206k ▲ 191%

Debt's share of the balance-sheet total rises from 32.2% to 92.5%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€138k▼

2024 · €216k

Cash flow

€106k▼

2024 · €163k

Current ratio

0.12▼

2024 · 0.77

Debt to equity

12.28▲

2024 · 0.47

ROE

512.0%▲

2024 · 99.3%

ROA

38.6%▼

2024 · 67.4%

Interest coverage

78.66▼

2024 · 182.31

Debt ≤ 1 year

€204k▲

2024 · €69k

Income taxes

€31k▼

2024 · €52k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

As filed By statement

Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Balance sheet Code20242025

Assets

Total assets20/58€220k€222k▲

Fixed assets21/28€166k€198k▲

Tangible fixed assets22/27€166k€198k▲

Land and buildings22€126k€115k▼

Furniture and vehicles24€35k€63k▲

Other tangible fixed assets26€6k€20k▲

Current assets29/58€53k€24k▼

Amounts receivable within one year40/41€35k€15k▼

Trade receivables40€35k-

Other amounts receivable41€68€15k▲

Cash at bank and in hand54/58€15k€6k▼

Deferred charges and accrued income490/1€3k€3k▲

Equity and liabilities

Total equity and liabilities10/49€220k€222k▲

Equity10/15€149k€17k▼

Contributions10/11€1k€1k=

Profit (loss) carried forward14€148k€16k▼

Amounts payable17/49€71k€206k▲

Amounts payable within one year42/48€69k€204k▲

Current portion of amounts payable after more than one year42-€21k

Trade debts44€6k€4k▼

Suppliers440/4€6k€4k▼

Taxes, remuneration and social security45€20k€6k▼

Taxes450/3€20k€6k▼

Other amounts payable47/48€43k€174k▲

Accrued charges and deferred income492/3€1k€1k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲

Other operating charges640/8€3k€3k▲

Gross operating margin9900€219k€141k▼

Operating profit (loss)9901€201k€118k▼

Financial charges65/66B€1k€2k▲

Recurring financial charges65€1k€2k▲

Profit (loss) for the period before taxes9903€200k€117k▼

Income taxes67/77€52k€31k▼

Profit (loss) for the period9904€148k€86k▼

Profit (loss) for the period to be appropriated9905€148k€86k▼

Appropriation of the result

Profit (loss) to be appropriated9906€327k€234k▼

Profit (loss) brought forward from the previous period14P€179k€148k▼

Profit to be distributed694/7€179k€218k▲

Return on contributions (dividend)694€179k€218k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement

Income statement Balance sheet Cash flow

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1k	€29k	€17k	€15k	€20k	▲ 34.6%
Other operating charges640/8	€6k	€2k	€3k	€3k	€3k	▲ 13.4%
Gross operating margin9900	€181k	€223k	€257k	€219k	€141k	▼ 35.3%
Operating profit (loss)9901	€174k	€192k	€237k	€201k	€118k	▼ 41.1%
Financial income75/76B	-	-	€177	-	-	-
Recurring financial income75	-	-	€177	-	-	-
Financial charges65/66B	€1k	€2k	€2k	€1k	€2k	▲ 48.6%
Recurring financial charges65	€1k	€2k	€2k	€1k	€2k	▲ 48.6%
Profit (loss) for the period before taxes9903	€173k	€190k	€234k	€200k	€117k	▼ 41.6%
Income taxes67/77	€39k	€44k	€55k	€52k	€31k	▼ 40.2%
Profit (loss) for the period9904	€134k	€146k	€179k	€148k	€86k	▼ 42.1%
Profit (loss) for the period to be appropriated9905	€134k	€146k	€179k	€148k	€86k	▼ 42.1%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€280k	€449k	€240k	€220k	€222k	▲ 1.2%
Fixed assets21/28	€42k	€188k	€178k	€166k	€198k	▲ 19.3%
Tangible fixed assets22/27	€42k	€188k	€178k	€166k	€198k	▲ 19.3%
Land and buildings22	-	€149k	€136k	€126k	€115k	▼ 8.2%
Furniture and vehicles24	€42k	€39k	€35k	€35k	€63k	▲ 80.4%
Other tangible fixed assets26	-	-	€6k	€6k	€20k	▲ 249%
Current assets29/58	€238k	€261k	€63k	€53k	€24k	▼ 55.1%
Amounts receivable within one year40/41	€44k	€25k	€31k	€35k	€15k	▼ 58.5%
Trade receivables40	€44k	€25k	€26k	€35k	-	-
Other amounts receivable41	-	-	€5k	€68	€15k	▲ 21,557%
Cash at bank and in hand54/58	€192k	€234k	€29k	€15k	€6k	▼ 60.6%
Deferred charges and accrued income490/1	€2k	€2k	€3k	€3k	€3k	▲ 16.7%
Equity and liabilities
Total equity and liabilities10/49	€280k	€449k	€240k	€220k	€222k	▲ 1.2%
Equity10/15	€205k	€350k	€180k	€149k	€17k	▼ 88.8%
Contributions10/11	€1k	€1k	€1k	€1k	€1k	=
Profit (loss) carried forward14	€204k	€349k	€179k	€148k	€16k	▼ 89.4%
Amounts payable17/49	€76k	€98k	€60k	€71k	€206k	▲ 191%
Amounts payable within one year42/48	€76k	€97k	€59k	€69k	€204k	▲ 195%
Current portion of amounts payable after more than one year42	-	-	-	-	€21k	-
Trade debts44	€5k	€1k	€2k	€6k	€4k	▼ 37.9%
Suppliers440/4	€5k	€1k	€2k	€6k	€4k	▼ 37.9%
Taxes, remuneration and social security45	€70k	€96k	€57k	€20k	€6k	▼ 71.0%
Taxes450/3	€70k	€96k	€57k	€20k	€6k	▼ 71.0%
Other amounts payable47/48	€208	€38	€18	€43k	€174k	▲ 304%
Accrued charges and deferred income492/3	-	€1k	€1k	€1k	€1k	▼ 7.8%

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€134k	€146k	€179k	€148k	€86k	▼ 42.1%
+ Depreciation and write-downs630	€1k	€29k	€17k	€15k	€20k	▲ 34.6%
Operating cash flow (approximation)	€135k	€175k	€196k	€163k	€106k	▼ 35.1%
Investment in fixed assets (approximation)	-	€-174k	€-6k	€-3k	€-52k	▼ 1,402%
Change in cash	-	€42k	€-205k	€-14k	€-9k	▲ 31.7%

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

Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

10-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

18-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

04-04

NBB filing Annual accounts filed

fiscal year 2023 · unclassified schema

2023

31-12

Financial Highest result since 2020net €179k ▲22.9%

Operating result €237k, net result €179k, both a record.

25-01

NBB filing Annual accounts filed

fiscal year 2022 · unclassified schema

2022

14-04

NBB filing Annual accounts filed

fiscal year 2021 · unclassified schema

2021

31-12

Financial Equity above €200kEq €205k ▲188%

2 profitable years in a row build equity to €205k.

29-03

NBB filing Annual accounts filed

fiscal year 2020 · unclassified schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

2 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, Baelen · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

6,824 m²

Building footprint

417 m²

Volume, LiDAR

7,893 m³

Parcel 63004C0476/00D002, Wallonia · tallest building 22.4 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

X-Vision

Forges(BLN) 12, 4837 BaelenReal estate activities

since 20202.299.592.064

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63004C0476/00D002	Wallonia	6,824 m²	1 · 417 m²	22.4 m · 6 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.

Similar companies · same sector, comparable size

Schaarbeek · Eq €16,754

Sint-Gillis (bij-Brussel) · Eq €16,741

Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 28,660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPrivate limited company

Founded27-12-2019

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

70100Activities of head offices

Contact

E-mail yves.emonts@skynet.be

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