Financials
- Fiscal year
- 2025
- Turnover
- €148.7m
- Loss
- -€2.0m
- Solvency
- 2.6%
Turnover▲ 1.5%
Net result
20182025
2XL
ActiveSummary
The annual accounts of 2XL for fiscal year 2025 show a net loss of 73% of the equity at the start of that year. The 2025 annual accounts show equity of €754,033 and a net result of -€2.0m. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 13% of 748 sector peers (fiscal year 2025). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Activity
Logistics services
NACE 52250NACE 52290NACE 63401
#3 employer in West Flanders, Warehousing and transport support sector4 sites
Size
€148.7mturnover 2025
- Staff
- 204 FTE
- Equity
- €754,033
- Loss
- -€2.0m
Structure
- Parent
- ECS corporate · 100%
- Board
- 1 member
Accounts 64 d early1 of 33 deeds read
Why 53Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Equity €754,033 (2.6% of total assets)- Sector Warehousing and support activities for transportation (NACE 52)- Liquidity: current ratio 0.95, cash €1.4m, halved- Loss of €2.0m, the second in a row (FY 2025)Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 13% of its sector peers (NACE 52, medium-sized)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
28-4
equity 2.6% of total assets
Liquidity
6-19
short-term debt 95.6% · cash 4.9%
Profitability
12-5
return on assets -6.9%
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 0.6%
09-2025: 0.6%● 0.0% vs 08-2025
10-2025: 0.6%● 0.0% vs 09-2025
11-2025: 0.6%● 0.0% vs 10-2025
12-2025: 0.6%● 0.0% vs 11-2025
01-2026: 0.6%● 0.0% vs 12-2025
02-2026: 0.6%▼ -1.4% vs 01-2026lowest value
03-2026: 0.6%● 0.0% vs 02-2026lowest value
04-2026: 0.6%● 0.0% vs 03-2026lowest value
05-2026: 0.6%▲ +1.1% vs 04-2026
06-2026: 1.1%▲ +89.7% vs 05-2026highest value
07-2026: 1.1%● 0.0% vs 06-2026highest value
08-2026: 1.1%● 0.0% vs 07-2026highest value
09-2026: 1.1%● 0.0% vs 08-2026highest value
10-2026: 1.1%● 0.0% vs 09-2026highest value
- Equity €754,033 (2.6% of total assets) raises the probability
- Sector Warehousing and support activities for transportation (NACE 52) raises the probability
- Liquidity: current ratio 0.95, cash €1.4m, halved raises the probability
- Loss of €2.0m, the second in a row (FY 2025) raises the probability
Credit up to €35,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 1.38 in 2024; short-term debt: 95.6% and cash: 4.9% of total assets), and 97.4% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 52, medium-sized). Better than this share of them on solvency 14%, liquidity 9%, profitability 9%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2.0m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 748 sector peers (2025).
NBB · sector comparisonPosition among 748 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
23 d early
2023
36 d early
2022
55 d early
2021
33 d early
2020
39 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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. Usually files around 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Reappointment: Ceawind (director)State Gazette act
- Weakest financial yearnet -€2.0m
Key points
- Caution: Among the weakest 5% on net resultsector median €100,044 · 742 companies -€2.0m View
- Caution: Equity fell in 2025from €2.8m to €754,033 ▼ 73.1% View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Controlled by ECS corporateultimately: ECS LOGISTICS GROUP 100% View
- Caution: 2 loss-making years in a rowloss fiscal year 2025 -€2.0m View
- New directorlatest change 11-05-2026 · 1 in office 1 joined View
- Flemish supportawarded 2022 - 2025 €204,159 View
By topic
Board & ownership
- Board
- 1 member
- Parent
- ECS corporate · 100%
Go to Board & ownership
Network & group
- Group
- ECS LOGISTICS GROUP
- Connected companies
- 2
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 28-05-2026Annual accounts filed
- 22-05-2026Reappointment: Ceawind (director)
- 31-12-2025Weakest financial year
Company details
- Sites
- 4
- Legal form
- Public limited company
- Activity
- Logistics servicesNACE 52250
- Founded
- 17-02-1993
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
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