XKS · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of XKS is 0.2% (very low). The 2024 annual accounts show equity of €1.34M and a net result of €165k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 4967 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 4967 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	30-09-2025	61 d late	2025-00514781
31-12-2023	31-07-2024	22-08-2024	22 d late	2024-00382641
31-12-2022	31-07-2023	23-08-2023	23 d late	2023-00349984
31-12-2021	31-07-2022	09-08-2022	9 d late	2022-20284791
31-12-2020	31-07-2021	28-07-2021	3 d early	2021-40800412
31-12-2019	31-07-2020	30-10-2020	91 d late	2020-64900510
31-12-2018	31-07-2019	08-08-2019	8 d late	2019-44400135
31-12-2017	31-07-2018	13-07-2018	18 d early	2018-32100103
31-12-2016	31-07-2017	21-06-2017	40 d early	2017-18900106
31-12-2015	31-07-2016	08-08-2016	8 d late	2016-40700345

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€165k+2.1%

Working capital€1.26M-8.0%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~4.1%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

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).

Sector comparison

Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	94.1%	16.7%	better than 95% of 4967 sector peers
Net result	€165k	€2k	better than 95% of 4959 sector peers
Equity	€1.34M	€27k	better than 95% of 4970 sector peers
Gross operating margin	€212k	€27k	better than 94% of 4953 sector peers
Total assets	€1.42M	€302k	better than 87% of 4969 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2024 · n=906-4967

Net result P95

Stable position over 2020-2024 · n=905-4959

Equity P95

Stable position over 2020-2024 · n=906-4970

Gross operating margin P94

Stable position over 2020-2024 · n=905-4953

Describes the position versus peers, not a forecast.

EBITDA

€203k

-24.9% 18-24

Net profit

€165k

+2.1% 18-24

Cash flow

€187k

-0.5% 18-24

Total assets

€1.42M

-6.3% 18-24

Equity

€1.34M

-8.4% 18-24

Working capital

€1.26M

-8.0% 18-24

Employees (FTE)

1

- 18-24

Income taxes

€65k

-34.1% 18-24

Show 11 other metrics

Dividends

€288k

+79.9% 18-24

Debt

€84k

+49.4% 18-24

Debt ≤ 1y

€84k

+50.0% 18-24

Debt > 1y

€8k

-66.5% 18-24

Current ratio

16.03

-37.2% 18-24

Quick ratio

16.03

-37.2% 18-24

Solvency

94.1%

-2.3% 18-24

Debt / equity

0.06

+63.2% 18-24

ROE

12.3%

+11.5% 18-24

ROA

11.6%

+9.0% 18-24

Interest coverage

9.63

-93.1% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€203k
Net profit	€165k
Cash flow	€187k
Staff costs	-
Income taxes	€65k
Dividends	€288k
Total assets	€1.42M
Equity	€1.34M
Debt	€84k
of which ≤ 1y	€84k
of which > 1y	-
Working capital	€1.26M
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	16.03
Quick ratio	16.03
Working capital ratio	88.6%
Solvency	94.1%
Debt / equity	0.06
Long-term debt ratio	-
Interest coverage	9.63
Gross margin	-
Net margin	-
ROA	11.6%
ROE	12.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €79k · 5.5% Current assets €1.34M · 94.5%

Equity & liabilities

Equity €1.34M · 94.1% Debt €84k · 5.9%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.42M
Fixed assets	21/28	€79k
Tangible fixed assets	22/27	€75k
Financial fixed assets	28	€3k
Current assets	29/58	€1.34M
Amounts receivable within one year	40/41	€32k
Investments	50/53	€1.00M
Cash & bank	54/58	€212k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.42M
Equity	10/15	€1.34M
Contributions / capital	10/11	€6k
Reserves	13	€1.33M
Amounts payable	17/49	€84k
Amounts payable within one year	42/48	€84k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€212k
Operating result	9901	€180k
Financial income	75	€71k
Financial charges	65	€21k
Result before taxes	9903	€230k
Income taxes	67/77	€65k
Net result for the period	9904	€165k
Result to be appropriated	9905	€165k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

98 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

1 location

BNP Paribas Fortis

Pastoriestraat 55, 3128 TremeloHandelsbemiddeling in de groothandel in andere specifieke goederen

since 20082.168.374.523

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area4,127 m²

Buildings2

Building footprint309 m²

Volume (LiDAR)2,016 m³

Tallest building11.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13392L0605/00B000	Flanders	3,491 m²	1 · 141 m²	11.2 m · 3 fl.
24006C0283/00L000	Flanders	636 m²	1 · 168 m²	8.7 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 2 acts read

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.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

82 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 98

Profitability 62

Solvency 100

Growth 52

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 1,384 of the 11,733 companies in this sector. 339 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Agenten en makelaars in bankdiensten66191Agenten en makelaars in bankdiensten66191

Primary activity highlighted.

Names & trade names

Legal nameNL

XKS

Registered office

Dieperstraat 58

2230 Herselt, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.