XAVA
ActiveSummary
XAVA has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€161,748) and a net result of -€92,703. Equity is shrinking by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-3
Solvency20▲+4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.94 against 0.89 in 2024; short-term debt: 105.1% and cash: 5.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.1%
Return on assets
-2.9%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€161,748
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-08-2025, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
20 d early
2023
188 d early
2022
137 d early
2021
138 d early
2020
151 d early
2019
1 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 100 days before the deadline; the sector median for financial year 2024 is 7 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 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#3 company by total assets in Berlare, Real estate sector
Equity
-€161,748▼ 134%
2024 · -€69,045
Total assets
€3.2m▲ 293%
2024 · €803,453
Net result
-€92,703▼ 2,334%
2024 · -€3,809
Working capital
-€189,365▼ 91.8%
2024 · -€98,708
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Operating result€6,266€13,821▲ 121%-€45,505-€5,226▲ 88.5%-€30,289▼ 480%
Net result€4,986within the sector's middle half€12,520within the sector's middle half▲ 151%-€46,386below the sector's middle half-€3,809within the sector's middle half▲ 91.8%-€92,703below the sector's middle half▼ 2,334%
Equity-€31,370below the sector's middle half▲ 13.7%-€18,849below the sector's middle half▲ 39.9%-€65,235below the sector's middle half▼ 246%-€69,045below the sector's middle half▼ 5.8%-€161,748below the sector's middle half▼ 134%
Total assets€26,200below the sector's middle half▼ 59.5%€177,802within the sector's middle half▲ 579%€172,515within the sector's middle half▼ 3.0%€803,453within the sector's middle half▲ 366%€3.2mabove the sector's middle half▲ 293%
Debt€57,569▼ 43.0%€196,651▲ 242%€237,751▲ 20.9%€872,498▲ 267%€3.3m▲ 280%
Working capital€2,938▼ 92.5%€35,505▲ 1,108%€24,795▼ 30.2%-€98,708-€189,365▼ 91.8%
Solvency-119.7%below the sector's middle half▼ 63.6pp-10.6%below the sector's middle half▲ 109.1pp-37.8%below the sector's middle half▼ 27.2pp-8.6%below the sector's middle half▲ 29.2pp-5.1%below the sector's middle half▲ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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 stays negative: a loss of €30,289 in 2025 against €5,226 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.2m
Fixed assets
€27,617 ▼ 6.9%
Current assets
€3.1m ▲ 305%
Key figures and ratios
EBITDA
-€28,243▼
2024 · -€3,181
Cash flow
-€90,658▼
2024 · -€1,764
Current ratio
0.94▲
2024 · 0.89
Quick ratio
0.06▲
2024 · 0.05
Debt to equity
-20.52▼
2024 · -12.64
ROA
-2.9%▼
2024 · -0.5%
Interest coverage
-0.31▲
2024 · -8.63
Debt ≤ 1 year
€3.3m▲
2024 · €872,498
Income taxes
€655▲
2024 · €638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.7%
went bankrupt
3.9%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,242 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €76,036 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,568 | €0 | €1,474 | €2,046 | €2,046 | = |
| Other operating charges640/8 | - | €4,702 | €1,157 | €1,177 | €708 | ▼ 39.8% |
| Gross operating margin9900 | €17,163 | €18,523 | -€42,874 | -€2,004 | -€27,535 | ▼ 1,274% |
| Operating profit (loss)9901 | €6,266 | €13,821 | -€45,505 | -€5,226 | -€30,289 | ▼ 480% |
| Financial income75/76B | - | €3 | €0 | €2,424 | €29,477 | ▲ 1,116% |
| Recurring financial income75 | €126 | €3 | €0 | €2,424 | €29,477 | ▲ 1,116% |
| Financial charges65/66B | - | €556 | €228 | €369 | €91,236 | ▲ 24,646% |
| Recurring financial charges65 | €874 | €556 | €228 | €369 | €91,236 | ▲ 24,646% |
| Profit (loss) for the period before taxes9903 | €5,518 | €13,268 | -€45,733 | -€3,172 | -€92,048 | ▼ 2,802% |
| Income taxes67/77 | €532 | €748 | €653 | €638 | €655 | ▲ 2.8% |
| Profit (loss) for the period9904 | €4,986 | €12,520 | -€46,386 | -€3,809 | -€92,703 | ▼ 2,334% |
| Profit (loss) for the period to be appropriated9905 | €4,986 | €12,520 | -€46,386 | -€3,809 | -€92,703 | ▼ 2,334% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,200 | €177,802 | €172,515 | €803,453 | €3.2m | ▲ 293% |
| Fixed assets21/28 | €9,314 | €25,350 | €32,059 | €29,663 | €27,617 | ▼ 6.9% |
| Tangible fixed assets22/27 | €8,964 | €25,000 | €31,709 | €29,663 | €27,617 | ▼ 6.9% |
| Land and buildings22 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Furniture and vehicles24 | - | €0 | €6,709 | €4,663 | €2,617 | ▼ 43.9% |
| Financial fixed assets28 | €350 | €350 | €350 | €0 | - | - |
| Current assets29/58 | €16,886 | €152,452 | €140,457 | €773,790 | €3.1m | ▲ 305% |
| Stocks and contracts in progress3 | - | €58,150 | €69,700 | €729,630 | €2.9m | ▲ 300% |
| Stocks30/36 | - | €58,150 | €69,700 | €729,630 | €2.9m | ▲ 300% |
| Amounts receivable within one year40/41 | €8,793 | €58,910 | €64,155 | €28,976 | €47,044 | ▲ 62.4% |
| Trade receivables40 | - | €57,711 | €64,155 | €8,013 | €7,661 | ▼ 4.4% |
| Other amounts receivable41 | - | €1,200 | €0 | €20,962 | €39,383 | ▲ 87.9% |
| Cash at bank and in hand54/58 | €5,787 | €33,901 | €6,601 | €14,566 | €165,479 | ▲ 1,036% |
| Deferred charges and accrued income490/1 | - | €1,491 | €0 | €619 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,200 | €177,802 | €172,515 | €803,453 | €3.2m | ▲ 293% |
| Equity10/15 | -€31,370 | -€18,849 | -€65,235 | -€69,045 | -€161,748 | ▼ 134% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €907 | €907 | €907 | €907 | €907 | = |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €907 | €907 | €907 | €907 | = |
| Profit (loss) carried forward14 | -€50,877 | -€38,357 | -€84,743 | -€88,552 | -€181,256 | ▼ 105% |
| Amounts payable17/49 | €57,569 | €196,651 | €237,751 | €872,498 | €3.3m | ▲ 280% |
| Amounts payable after more than one year17 | €43,621 | €64,705 | €107,089 | €0 | - | - |
| Financial debts170/4 | - | €64,705 | €107,089 | €0 | - | - |
| Amounts payable within one year42/48 | €13,948 | €116,947 | €115,662 | €872,498 | €3.3m | ▲ 280% |
| Financial debts43 | - | - | - | - | €2.2m | - |
| Credit institutions430/8 | - | - | - | - | €2.2m | - |
| Trade debts44 | €416 | €7,153 | €5,743 | €391,734 | €15,272 | ▼ 96.1% |
| Suppliers440/4 | - | €7,153 | €5,743 | €391,734 | €15,272 | ▼ 96.1% |
| Advances received on contracts in progress46 | - | - | - | - | €521,973 | - |
| Taxes, remuneration and social security45 | - | €1,069 | €1,425 | €638 | €106,552 | ▲ 16,614% |
| Taxes450/3 | - | €1,069 | €1,425 | €638 | €106,552 | ▲ 16,614% |
| Other amounts payable47/48 | - | €108,725 | €108,494 | €480,126 | €445,715 | ▼ 7.2% |
| Accrued charges and deferred income492/3 | - | €15,000 | €15,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,986 | €12,520 | -€46,386 | -€3,809 | -€92,703 | ▼ 2,334% |
| + Depreciation and write-downs630 | €9,568 | €0 | €1,474 | €2,046 | €2,046 | = |
| Operating cash flow (approximation) | €14,554 | €12,520 | -€44,912 | -€1,764 | -€90,658 | ▼ 5,041% |
| Investment in fixed assets (approximation) | - | -€16,036 | -€8,182 | €350 | €0 | ▼ 100% |
| Change in cash | - | €28,115 | -€27,300 | €7,965 | €150,913 | ▲ 1,795% |
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
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet -€92,703
Net result drops to -€92,703, the lowest in the series.
2024
11-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €12,520 ▲151%
Operating result €13,821, net result €12,520, both a record.
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €4,986
Net result €4,986 after 2 loss-making years.
2020
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Liquidity times 5current ratio 6.72
Current ratio from 1.34 to 6.72; short-term debt falls from €35,406 to €6,820.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Berlare · 1 establishment unit since 2009
Ground area
3,845 m²
Building footprint
35 m²
Volume, LiDAR
97 m³
2 parcels, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
XAVA
since 20092.176.525.095
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42003B0162/00K000 | Flanders | 2,882 m² | 1 · 35 m² | 5.3 m · 1 fl. |
| 42003C0779/00C000 | Flanders | 963 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-05-1998
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-mail
dehauwerexaveer@hotmail.comBerlare
Phone
052/42 46 00Berlare
Fax
052/ 42 29 25Berlare
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463316342
Also
9925:BE0463316342
Registered
27-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.