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XN CONSTRUCT

Active
Private limited companyfounded 20242 yrs activeKBO/BCE: BE 1008.976.083
Summary

The computed 12-month bankruptcy probability of XN CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €3,020 and a net result of €520. Its solvency ranks better than 37% of 19374 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
Axes
Profitability72
Solvency42
Growth-
Track record59
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2024
Solvency, return and age of the figures
Solvency
16.7%
Return on assets
2.9%
Age of the figures
21 mo
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 1 filing
Deviation from the deadline
2024
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 28 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 30 April 2024, XN CONSTRUCT was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€3,020
Total assets
€18,057
Net result
€520
Working capital
-€2,432

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €17,175
Fixed assets €4,570
Current assets €12,605
Equity and liabilities €18,057
Equity €3,020
Debt €15,037
Debt finances 83.3% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€2,187
Cash flow
€1,989
Current ratio
0.84
Debt to equity
4.98
ROE
17.2%
ROA
2.9%
Interest coverage
32.28
Debt ≤ 1 year
€15,037
Income taxes
€130

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
95% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 30 lines
Balance sheet Code2024
Assets
Total assets20/58€18,057
Formation expenses20€882
Fixed assets21/28€4,570
Tangible fixed assets22/27€4,570
Furniture and vehicles24€4,570
Current assets29/58€12,605
Amounts receivable within one year40/41€10,067
Trade receivables40€9,764
Other amounts receivable41€303
Cash at bank and in hand54/58€2,538
Equity and liabilities
Total equity and liabilities10/49€18,057
Equity10/15€3,020
Contributions10/11€2,500
Profit (loss) carried forward14€520
Amounts payable17/49€15,037
Amounts payable within one year42/48€15,037
Trade debts44€14,907
Suppliers440/4€14,907
Taxes, remuneration and social security45€130
Taxes450/3€130
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,469
Gross operating margin9900€2,187
Operating profit (loss)9901€718
Financial charges65/66B€68
Recurring financial charges65€68
Profit (loss) for the period before taxes9903€650
Income taxes67/77€130
Profit (loss) for the period9904€520
Profit (loss) for the period to be appropriated9905€520
Appropriation of the result
Profit (loss) to be appropriated9906€520

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,469
Gross operating margin9900€2,187
Operating profit (loss)9901€718
Financial charges65/66B€68
Recurring financial charges65€68
Profit (loss) for the period before taxes9903€650
Income taxes67/77€130
Profit (loss) for the period9904€520
Profit (loss) for the period to be appropriated9905€520
Line2024
Assets
Total assets20/58€18,057
Formation expenses20€882
Fixed assets21/28€4,570
Tangible fixed assets22/27€4,570
Furniture and vehicles24€4,570
Current assets29/58€12,605
Amounts receivable within one year40/41€10,067
Trade receivables40€9,764
Other amounts receivable41€303
Cash at bank and in hand54/58€2,538
Equity and liabilities
Total equity and liabilities10/49€18,057
Equity10/15€3,020
Contributions10/11€2,500
Profit (loss) carried forward14€520
Amounts payable17/49€15,037
Amounts payable within one year42/48€15,037
Trade debts44€14,907
Suppliers440/4€14,907
Taxes, remuneration and social security45€130
Taxes450/3€130
Line2024
Profit (loss) for the period9904€520
+ Depreciation and write-downs630€1,469
Operating cash flow (approximation)€1,989

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

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Timeline · acts, filings and financial milestones

2025
05-09
KBO administration Address struck
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
SignalNBB filing
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.

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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, Grimbergen · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
11.6 ha
Building footprint
5,332 m²
Volume, LiDAR
62,597 m³
Parcel 23084B0061/00V000, Flanders · tallest building 19.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
Construction of residential and non-residential buildings
since 20242.359.835.596
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23084B0061/00V000 Flanders 11.6 ha 1 · 5,332 m² 19.5 m · 3 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

Of 9,698 companies in sector 68121 we hold annual accounts for 7,393. 1,652 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
Founded30-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
43110Demolition
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:1008976083
Also 9925:BE1008976083
Registered 12-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

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