XSTAR
The computed 12-month bankruptcy probability of XSTAR is 2.1% (moderate). The 2025 annual accounts show equity of €6k and a net result of €-15k. Equity is shrinking by ~45.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 337 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €6k |
| Net result | €-15k |
| Better than sector | 19% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 7.2% | 36.4% | |
| Net result | €-15k | €44k | |
| Equity | €6k | €279k | |
| Gross operating margin | €-11k | €242k | |
| Total assets | €84k | €1.22M |
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €-11k |
| Net profit | €-15k |
| Cash flow | €-14k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €84k |
| Equity | €6k |
| Debt | €78k |
| of which ≤ 1y | €78k |
| of which > 1y | - |
| Working capital | €3k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 1.04 |
| Quick ratio | 1.04 |
| Working capital ratio | 3.5% |
| Solvency | 7.2% |
| Debt / equity | 12.81 |
| Long-term debt ratio | - |
| Interest coverage | -4.12 |
| Gross margin | - |
| Net margin | - |
| ROA | -17.6% |
| ROE | -243.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €84k |
| Fixed assets | 21/28 | €3k |
| Tangible fixed assets | 22/27 | €3k |
| Current assets | 29/58 | €81k |
| Amounts receivable within one year | 40/41 | €62k |
| Cash & bank | 54/58 | €18k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €84k |
| Equity | 10/15 | €6k |
| Contributions / capital | 10/11 | €50k |
| Accumulated profits (losses) | 14 | €-44k |
| Amounts payable | 17/49 | €78k |
| Amounts payable within one year | 42/48 | €78k |
| Trade debts payable within one year | 44 | €7k |
| Income statement | ||
| Gross operating margin | 9900 | €-11k |
| Operating result | 9901 | €-12k |
| Financial income | 75 | €39 |
| Financial charges | 65 | €3k |
| Result before taxes | 9903 | €-15k |
| Net result for the period | 9904 | €-15k |
| Result to be appropriated | 9905 | €-15k |
| NACE primary | Groothandel in kleding, met uitzondering van werk- en onderkleding(46423) |
| Legal form | Private limited company(610) |
| Incorporation | 31-03-2021 |
| Status | Active |
| Postal code | 2000 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A2380/00B000 | Flanders | 190 m² | 1 · 63 m² | 18.5 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
28-03-2025 Articles of association amended, name change, translation of the articles and coordination of the articles
Technical details
{
"notary": {
"name": "Philippe Caeymaex",
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-03-28",
"filing_date": "2025-03-26",
"act_kind_objet": "STATUTEN (VERTALING, COORDINATIE, OVERIGE WIJZIGINGEN), BENAMING"
},
"decision": {
"body": "notarieel_alleen",
"act_date": "2025-03-19",
"unanimous": null
},
"statute_change": {
"kinds": [
"name_change",
"translation",
"coordination",
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],
"scope": "full_restatement",
"trigger": "other",
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},
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"subject_company": {
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"name_full_after": "XSTAR",
"legal_form_after": "Besloten Vennootschap",
"name_full_before": "XINHE",
"current_zetel_raw": "Lange Doornikstraat 11 bus 7",
"legal_form_before": "Besloten Vennootschap"
},
"special_mandates": [
{
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"holder_name": "Werner VERELST",
"scope_categories": [
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],
"with_substitution": true
}
],
"articles_modified": [
{
"summary": "De naam van de vennootschap werd gewijzigd in \u0027XSTAR\u0027.",
"new_text": "Artikel 1. Naam en rechtsvorm\nDe vennootschap neemt de vorm aan van een besloten vennootschap.\nZij heeft als naam \u0027XSTAR\u0027.",
"change_kind": "amended",
"article_title": "Naam en rechtsvorm",
"article_number": "1"
}
],
"governance_change": {
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{
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}
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"representation_rule_after": null,
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},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Helene Luyten",
"org_rep_person_name": null
},
"co_filed_documents": [
"afschrift akte",
"co\u00F6rdinatie bewaard in de databank van statuten"
],
"shareholder_rights": null,
"voorwerp_change_summary": null,
"capital_structure_change": null,
"coordinated_text_lineage": null
}| Legal nameNL | XSTAR |