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XPOWER

Active
Public limited companyfounded 1993active for 32 yearsBrusselsesteenweg 172, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0451.526.090
Summary

The computed 12-month bankruptcy probability of XPOWER is 1.6% (moderate). The 2024 annual accounts show equity of €4.7m and a net result of €842,411. Equity is growing by about 45% per year across the filed financial years. Its solvency ranks better than 66% of 2,847 sector peers (NACE 62, financial year 2024). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Computer programming
NACE 62100Wholesale of information and communication equipment NACE 46500
#6 employer in Merelbeke-Melle, Telecoms and IT sector1 site
Size
€9.6mturnover 2024
Staff
44.8 FTE
Equity
€4.7m
Profit
€842,411
Financial health
57 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.6%
Structure
Parent
CROWN ENTERPRISES · 100%
Holdings
1
Accounts 71 days overdue2 of 11 deeds read
Why 57raises riskFigures for financial year 2024 (filed 19-03-2026)1 financial year not filed after the legal deadline; latest accounts 231 days late; 3 of the last 3 late1 change of registered office in 24 monthsLiquidity: current ratio 1.67, cash €250,541Show the evidence

Checked score

Score 2024
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 66% of its sector peers (NACE 62, small)
Financial strength · tick = 2023
Strong
Solvency 84+7
equity 58.8% of total assets
Liquidity 38+2
short-term debt 35.0% · cash 3.2%
Profitability 87-3
return on assets 10.7%
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (1,159 companies, NACE 62, small)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025lowest value 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.2 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.6%▲ +0.2 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.7%▲ +0.1 percentage points vs 11-2025 01-2026: 1.3%▲ +0.6 percentage points vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 0.4%▼ -0.9 percentage points vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.7%▲ +0.3 percentage points vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.1 percentage points vs 07-2026 09-2026: 1.1%▲ +0.3 percentage points vs 08-2026 10-2026: 1.6%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €260,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 1.67, compared with 1.8 in 2023; short-term debt: 35% and cash: 3.2% of total assets), and 41.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small): better than 71% on solvency, 36% on liquidity, 82% on profitability and 72% on growth.

The bankruptcy probability was computed on 09-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
raises risk
raises risk · Figures for financial year 2024 (filed 19-03-2026)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 231 days late; 3 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 1.67, cash €250,541
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-03-2026, 231 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
231 days late
2023
69 days late
2022
74 days late
2021
80 days late
2020
83 days late
2019
124 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 110 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Director in…
  2. Reappointments: Thibault Jonnaert (director) and Degran…Permanent representative: ANDY DE GROOTE
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Among the best 5% on net resultsector median €26,343 · 2,848 companies €842,411 View
  • Caution: Accounts not fileddeadline was 31-07-2026 71 days late View
  • Controlled by CROWN ENTERPRISESultimately: Tubo's Hoet Invest 100% View
  • Positive: 7 profitable years in a rowprofit 2024: €842,411 7 years View

By topic

Financials

Financial year
2024
Turnover
€9.6m
Profit
€842,411
Solvency
58.8%
Turnover▲ 12.3%
Net result
20212024
Go to Financials

Network & group

Group
Tubo's Hoet Invest
Subsidiaries
1
Connected companies
3

1 subsidiary

Go to Network & group

Timeline

Events
36
Since
1995
  1. 08-10-2024Annual accounts filed
  2. 13-10-2023Annual accounts filed
  3. 31-12-2022Highest result from 2018 to 2024
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Computer programmingNACE 62100
Founded
29-12-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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