XANTHION
ActiveSummary
XANTHION has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.5m and a net result of €61,295. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-75
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 17.49 against 7.63 in 2023; short-term debt: 5.4% and cash: 2.5% of total assets), and 5.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
94.6%
Return on assets
2.4%
Age of the figures
21 mo
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
36 d early
2022
27 d early
2021
16 d late
2020
10 d late
2019
14 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 16 days before the deadline; the sector median for financial year 2024 is 6 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 1 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
In the rankings
#2 company by equity in Incourt, Professional and technical services sector#3 company by total assets in Incourt, Professional and technical services sector#8 oldest company in Incourt, Professional and technical services sector
Equity
€2.5m▲ 2.5%
2023 · €2.4m
Total assets
€2.6m▼ 13.8%
2023 · €3.0m
Net result
€61,295▼ 92.6%
2023 · €823,280
Working capital
€2.3m▼ 7.3%
2023 · €2.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€4,419▼ 54.4%-€22,921€1,053€233,166▲ 22,047%€1,586▼ 99.3%
Net result€25,316within the sector's middle half▲ 376%€421,564above the sector's middle half▲ 1,565%-€94,777below the sector's middle half€823,280above the sector's middle half€61,295above the sector's middle half▼ 92.6%
Equity€1.3mabove the sector's middle half▲ 2.1%€1.7mabove the sector's middle half▲ 33.6%€1.6mabove the sector's middle half▼ 5.7%€2.4mabove the sector's middle half▲ 52.0%€2.5mabove the sector's middle half▲ 2.5%
Total assets€1.9mabove the sector's middle half▼ 0.2%€2.3mabove the sector's middle half▲ 24.2%€2.2mabove the sector's middle half▼ 5.1%€3.0mabove the sector's middle half▲ 37.9%€2.6mabove the sector's middle half▼ 13.8%
Debt€605,106▼ 4.5%€634,628▲ 4.9%€612,095▼ 3.6%€620,083▲ 1.3%€139,812▼ 77.5%
Working capital€1.4mabove the sector's middle half▲ 8.8%€1.8mabove the sector's middle half▲ 25.5%€1.6mabove the sector's middle half▼ 6.7%€2.5mabove the sector's middle half▲ 52.1%€2.3mabove the sector's middle half▼ 7.3%
Solvency67.5%within the sector's middle half▲ 1.5pp72.6%within the sector's middle half▲ 5.1pp72.1%within the sector's middle half▼ 0.4pp79.5%above the sector's middle half▲ 7.4pp94.6%above the sector's middle half▲ 15.1pp
Current ratio5.44above the sector's middle half▲ 0.745.91above the sector's middle half▲ 0.475.74above the sector's middle half▼ 0.187.63above the sector's middle half▲ 1.9017.49above the sector's middle half▲ 9.86
Return on assets (ROA)1.4%within the sector's middle half▲ 1.1pp18.2%within the sector's middle half▲ 16.9pp-4.3%below the sector's middle half▼ 22.6pp27.2%above the sector's middle half▲ 31.5pp2.4%within the sector's middle half▼ 24.9pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 99% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.6m
Fixed assets
€161,877 ▼ 1.7%
Current assets
€2.4m ▼ 14.5%
Equity and liabilities €2.6m
Equity
€2.5m ▲ 2.5%
Debt
€139,812 ▼ 77.5%
Debt's share of the balance-sheet total falls from 20.5% to 5.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,393▼
2023 · €234,559
Cash flow
€64,103▼
2023 · €824,673
Debt to equity
0.06▼
2023 · 0.26
ROE
2.5%▼
2023 · 34.2%
Interest coverage
0.44▲
2023 · -2.00
Debt ≤ 1 year
€139,812▼
2023 · €374,905
Debt > 1 year
€0▼
2023 · €243,995
Income taxes
€23,528▼
2023 · €112,701
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
| 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 14,732 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €232,107 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,030 | €1,537 | €2,787 | €1,393 | €2,808 | ▲ 101% |
| Other operating charges640/8 | - | €4,832 | €4,727 | €5,046 | €6,148 | ▲ 21.8% |
| Non-recurring operating charges66A | - | - | - | - | €1,594 | - |
| Gross operating margin9900 | €16,809 | -€16,552 | €8,567 | €239,605 | €12,135 | ▼ 94.9% |
| Operating profit (loss)9901 | €4,419 | -€22,921 | €1,053 | €233,166 | €1,586 | ▼ 99.3% |
| Financial income75/76B | - | €498,090 | €115,823 | €704,567 | €93,155 | ▼ 86.8% |
| Recurring financial income75 | €103,704 | €498,090 | €115,823 | €585,572 | €93,155 | ▼ 84.1% |
| Non-recurring financial income76B | - | - | - | €118,996 | €0 | ▼ 100% |
| Financial charges65/66B | - | €11,230 | €211,368 | €1,753 | €9,918 | ▲ 466% |
| Recurring financial charges65 | €79,051 | €11,230 | €211,368 | -€117,243 | €9,918 | ▲ 108% |
| Non-recurring financial charges66B | - | - | - | €118,996 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €29,072 | €463,939 | -€94,492 | €935,980 | €84,823 | ▼ 90.9% |
| Income taxes67/77 | €3,756 | €42,375 | €286 | €112,701 | €23,528 | ▼ 79.1% |
| Profit (loss) for the period9904 | €25,316 | €421,564 | -€94,777 | €823,280 | €61,295 | ▼ 92.6% |
| Profit (loss) for the period to be appropriated9905 | €25,316 | €421,564 | -€94,777 | €823,280 | €61,295 | ▼ 92.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.3m | €2.2m | €3.0m | €2.6m | ▼ 13.8% |
| Fixed assets21/28 | €150,470 | €203,038 | €214,836 | €164,650 | €161,877 | ▼ 1.7% |
| Tangible fixed assets22/27 | €4,692 | €7,259 | €4,472 | €5,079 | €2,306 | ▼ 54.6% |
| Furniture and vehicles24 | - | €7,259 | €4,472 | €5,079 | €2,306 | ▼ 54.6% |
| Financial fixed assets28 | €145,779 | €195,779 | €210,364 | €159,571 | €159,571 | = |
| Current assets29/58 | €1.7m | €2.1m | €2.0m | €2.9m | €2.4m | ▼ 14.5% |
| Amounts receivable within one year40/41 | €57,288 | €52,650 | €56,376 | €60,979 | €21,801 | ▼ 64.2% |
| Trade receivables40 | - | €23,683 | €21,305 | €27,080 | €21,801 | ▼ 19.5% |
| Other amounts receivable41 | - | €28,967 | €35,071 | €33,899 | €0 | ▼ 100% |
| Current investments50/53 | €1.5m | €2.0m | €1.9m | €2.3m | €2.4m | ▲ 0.6% |
| Cash at bank and in hand54/58 | €108,332 | €31,934 | €22,266 | €453,540 | €64,651 | ▼ 85.7% |
| Deferred charges and accrued income490/1 | - | €2,411 | €2,736 | €6,472 | €3,776 | ▼ 41.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.3m | €2.2m | €3.0m | €2.6m | ▼ 13.8% |
| Equity10/15 | €1.3m | €1.7m | €1.6m | €2.4m | €2.5m | ▲ 2.5% |
| Contributions10/11 | €467,000 | €467,000 | €467,000 | €467,000 | €467,000 | = |
| Capital10 | - | €467,000 | €467,000 | €467,000 | €467,000 | = |
| Issued capital100 | - | €467,000 | €467,000 | €467,000 | €467,000 | = |
| Reserves13 | €603,973 | €1.0m | €1.0m | €1.8m | €1.9m | ▲ 3.3% |
| Non-distributable reserves130/1 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Legal reserve130 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Distributable reserves133 | - | €963,000 | €963,000 | €1.8m | €1.8m | ▲ 3.4% |
| Profit (loss) carried forward14 | €184,830 | €185,394 | €90,617 | €111,896 | €113,191 | ▲ 1.2% |
| Amounts payable17/49 | €605,106 | €634,628 | €612,095 | €620,083 | €139,812 | ▼ 77.5% |
| Amounts payable after more than one year17 | €278,995 | €276,995 | €264,995 | €243,995 | €0 | ▼ 100% |
| Financial debts170/4 | - | €276,995 | €264,995 | €243,995 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €314,334 | €356,691 | €345,202 | €374,905 | €139,812 | ▼ 62.7% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €1,213 | €3,002 | €1,847 | €3,691 | €1,722 | ▼ 53.3% |
| Suppliers440/4 | - | €3,002 | €1,847 | €3,691 | €1,722 | ▼ 53.3% |
| Taxes, remuneration and social security45 | - | €33,249 | €28,992 | €54,992 | €8,566 | ▼ 84.4% |
| Taxes450/3 | - | €33,249 | €28,992 | €54,992 | €8,566 | ▼ 84.4% |
| Other amounts payable47/48 | - | €320,440 | €314,364 | €316,222 | €129,524 | ▼ 59.0% |
| Accrued charges and deferred income492/3 | - | €942 | €1,899 | €1,183 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,316 | €421,564 | -€94,777 | €823,280 | €61,295 | ▼ 92.6% |
| + Depreciation and write-downs630 | €11,030 | €1,537 | €2,787 | €1,393 | €2,808 | ▲ 101% |
| Operating cash flow (approximation) | €36,345 | €423,101 | -€91,990 | €824,673 | €64,103 | ▼ 92.2% |
| Investment in fixed assets (approximation) | - | -€54,104 | -€14,586 | €48,794 | -€35 | ▼ 100% |
| Change in cash | - | -€76,398 | -€9,669 | €431,274 | -€388,889 | ▼ 190% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 17.49
Current ratio from 7.63 to 17.49; short-term debt falls from €374,905 to €139,812.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €823,280
Net result €823,280 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.4m ▲52%
Equity rises from €1.6m to €2.4m.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€94,777
Net result drops to -€94,777, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Incourt · 1 establishment unit since 1998
Ground area
4,270 m²
Building footprint
508 m²
Volume, LiDAR
2,856 m³
Parcel 25080F0368/00B000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue d' Arnelle 5, 1315 Incourt
since 19982.089.100.777
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25080F0368/00B000 | Wallonia | 4,270 m² | 1 · 508 m² | 8.7 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500P7PYKIX1RTQA57
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Of 2,710 companies in sector 73200 we hold annual accounts for 1,787. 790 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-11-1998
Fiscal year end31-12
Activities, NACEBEL 2025
73200Market research and public opinion polling
93199Other sports activities
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464436196
Also
9925:BE0464436196
Registered
07-10-2025
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.