Xplore group
ActiveSummary
Xplore group has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44.88M and a net result of €-985k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 57% of 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-5
Solvency72▲+33
Growth54▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.09 in 2024; short-term debt: 53.3% and cash: 1.8% of total assets), and 53.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.6%
Return on assets
-1%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €44.88M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 6 filingsDeviation from the deadline
2025
24 d late
2024
22 d late
2023
7 d early
2022
8 d late
2021
3 d late
2020
633 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory accounts
Turnover
€28.32M▼ 2.5%
2024 · €29.04M
2018: €17.95M
2019: €19.79M
2020: €20.56M
2021: €24.21M
2022: €27.96M
2023: €28.86M
2024: €29.04M
2018 → 2025
EBIT margin
-7.7%▼ 3.6pp
2024 · -4.1%
2018: 0.7%
2019: -1.8%
2020: -0.6%
2021: -2.4%
2022: -6.2%
2023: -4.9%
2024: -4.1%
2018 → 2025
Net result
€-985k
2024 · €341k
2018: €1.87M
2019: €926k
2020: €638k
2021: €405k
2022: €-607k
2023: €-247k
2024: €341k
2018 → 2025
Working capital
€2.93M▼ 22.9%
2024 · €3.80M
2018: €2.72M
2019: €3.19M
2020: €3.80M
2021: €4.31M
2022: €3.27M
2023: €3.12M
2024: €3.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24.21M-€27.96M▲ 15.5%€28.86M▲ 3.2%€29.04M▲ 0.6%€28.32M▼ 2.5%
Equity€7.74M-€7.02M▼ 9.4%€6.77M▼ 3.5%€7.11M▲ 5.0%€44.88M▲ 531%
Operating result€-570k-€-1.72M▼ 202%€-1.42M▲ 17.6%€-1.18M▲ 16.9%€-2.17M▼ 84.0%
Net result€405k-€-607k€-247k▲ 59.2%€341k€-985k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.17M in 2025 against €1.18M in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96.35M
Fixed assets
€42.05M ▲ 1,118%
Current assets
€54.30M ▲ 15.8%
Equity and liabilities €96.35M
Equity
€44.88M ▲ 531%
Provisions
€3k
Debt
€51.47M ▲ 19.0%
Debt's share of the balance-sheet total falls from 85.9% to 53.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-1.81M▼
2024 · €-670k
Cash flow
€-626k▼
2024 · €849k
Current ratio
1.06▼
2024 · 1.09
Quick ratio
1.06▼
2024 · 1.09
Debt to equity
1.15▼
2024 · 6.08
ROE
-2.2%▼
2024 · 4.8%
ROA
-1.0%▼
2024 · 0.7%
Interest coverage
-2.55▼
2024 · -0.89
Debt ≤ 1 year
€51.37M▲
2024 · €43.11M
Income taxes
€6k▼
2024 · €6k
Staff costs
€2.79M▼
2024 · €2.82M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 84 lines
Balance sheet
Code20242025
Assets
Total assets20/58€50.36M€96.35M▲
Fixed assets21/28€3.45M€42.05M▲
Intangible fixed assets21€35-
Tangible fixed assets22/27€883k€724k▼
Plant, machinery and equipment23€128k€98k▼
Furniture and vehicles24€404k€258k▼
Other tangible fixed assets26€351k€368k▲
Financial fixed assets28€2.57M€41.32M▲
Affiliated companies280/1€2.55M€41.31M▲
Participating interests280€2.55M€41.31M▲
Other financial fixed assets284/8€16k€16k=
Amounts receivable and cash guarantees285/8€16k€16k=
Current assets29/58€46.91M€54.30M▲
Amounts receivable after more than one year29€250k€110k▼
Other amounts receivable291€250k€110k▼
Stocks and contracts in progress3€57k€12k▼
Contracts in progress37€57k€12k▼
Amounts receivable within one year40/41€44.05M€51.91M▲
Trade receivables40€7.52M€7.69M▲
Other amounts receivable41€36.53M€44.22M▲
Cash at bank and in hand54/58€1.79M€1.70M▼
Deferred charges and accrued income490/1€762k€567k▼
Equity and liabilities
Total equity and liabilities10/49€50.36M€96.35M▲
Equity10/15€7.11M€44.88M▲
Contributions10/11€62k€38.81M▲
Capital10€62k€359k▲
Issued capital100€62k€359k▲
Outside capital11-€38.46M
Share premium1100/10-€38.46M
Reserves13€7.05M€6.06M▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€7.04M€6.06M▼
Profit (loss) carried forward14€2k€101▼
Provisions and deferred taxes16-€3k
Provisions for liabilities and charges160/5-€3k
Pensions and similar obligations160-€3k
Amounts payable17/49€43.25M€51.47M▲
Amounts payable within one year42/48€43.11M€51.37M▲
Trade debts44€6.77M€7.53M▲
Suppliers440/4€6.77M€7.53M▲
Taxes, remuneration and social security45€332k€295k▼
Taxes450/3€75k€33k▼
Remuneration and social security454/9€256k€263k▲
Other amounts payable47/48€36.00M€43.55M▲
Accrued charges and deferred income492/3€141k€96k▼
Income statement
Code20242025
Operating income70/76A€32.96M€32.46M▼
Turnover70€29.04M€28.32M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-63k€55k▲
Other operating income74€3.47M€3.53M▲
Non-recurring operating income76A€510k€547k▲
Operating charges60/66A€34.14M€34.62M▲
Goods for resale, raw materials and consumables60€24.49M€23.20M▼
Purchases600/8€24.49M€23.20M▼
Services and other goods61€5.81M€6.14M▲
Remuneration, social security and pensions62€2.82M€2.79M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€508k€359k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€3k
Other operating charges640/8€124k€108k▼
Non-recurring operating charges66A€385k€2.02M▲
Operating profit (loss)9901€-1.18M€-2.17M▼
Financial income75/76B€2.29M€1.93M▼
Recurring financial income75€2.29M€1.93M▼
Income from financial fixed assets750€860k€611k▼
Income from current assets751€1.39M€1.32M▼
Other financial income752/9€33k€2k▼
Non-recurring financial income76B€1k€4k▲
Financial charges65/66B€762k€745k▼
Recurring financial charges65€762k€745k▼
Debt charges650€754k€708k▼
Other financial charges652/9€8k€37k▲
Profit (loss) for the period before taxes9903€347k€-980k▼
Income taxes67/77€6k€6k▼
Taxes670/3€6k€6k▼
Tax adjustments and reversals of tax provisions77€1€0▼
Profit (loss) for the period9904€341k€-985k▼
Profit (loss) for the period to be appropriated9905€341k€-985k▼
Appropriation of the result
Profit (loss) to be appropriated9906€342k€-984k▼
Profit (loss) brought forward from the previous period14P€587€2k▲
Transfer from equity791/2-€984k
From reserves792-€984k
Transfer to equity691/2€340k-
To other reserves6921€340k-
Social balance
Average headcount (FTE)908730.031.6▲
The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated · 22 days late
2025
31-12
Financial
Weakest financial yearnet €-985k ▼389%
Net result drops to €-985k, the lowest in the series.
31-12
Financial
Equity above €25MEq €44.88M ▲531%
Equity rises from €7.11M to €44.88M.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 22 days late
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2024
31-12
Financial
Back to profitnet €341k
Net result €341k after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 8 days late
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 8 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 3 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 633 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Kontich · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldkant 332550 KontichGround area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Xplore Group
since 20042.142.125.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Kontich
Kontich · indirect · LEI lapsed
controls
Xplore groupBE 0865.300.673
Recognitions · licences · registrations
Legal Entity Identifier
699400GX2B2FVRC3OA53
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-05-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.