XEE
ActiveSummary
XEE has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €192,207 and a net result of €60,984. Equity has been growing by about 24% per year since 2019. Its solvency ranks better than 53% of 22,793 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-02-2011 Normal situation
- Activity
- Retail sale of cars and light vans (up to 3.5 tonnes) NACE 47811and 2 others
- Establishment units
- 2.196.560.842 1850 Grimbergen, since 24-02-2011
- 2.333.109.227 1980 Zemst, since 01-07-2022
- Financial year end
- 30 June
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €101,166
- ▲ 167%
- Turnover
- ≈ €530,000
- estimated
- Profit
- €60,984
- ▲ 181%
- Equity
- €192,207
- ▲ 46.5%
- Total assets
- €517,889
- ▲ 22.0%
Score breakdownraises risk1 of the last 3 accounts lateLiquidity: current ratio 2.21, cash €13,205Sector: Retail trade (NACE 47)lowers riskFounded in 2011Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 52% of them on solvency, 28% on liquidity, 47% on profitability and 85% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-01-2026 PDF all 14 filings
Every figure per financial year
The operating result for 2025 is 176% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €1,583 | €1,587 | €2,059 | €2,276 | ▲ 10.5% |
| Gross operating margin9900 | €31,435 | €13,449 | €51,591 | €9,210 | €15,329 | €37,905 | €101,166 | ▲ 167% |
| Operating profit (loss)9901 | €30,668 | €11,925 | €50,889 | €7,627 | €13,742 | €35,846 | €98,891 | ▲ 176% |
| Financial income75/76B | - | - | - | - | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €1 | €0 | €0 | - | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €3,917 | €4,217 | €5,900 | €6,624 | ▲ 12.3% |
| Recurring financial charges65 | €94 | €45 | €47 | €3,917 | €4,217 | €5,900 | €6,624 | ▲ 12.3% |
| Profit (loss) for the period before taxes9903 | €30,575 | €11,880 | €50,842 | €3,710 | €9,525 | €29,946 | €92,267 | ▲ 208% |
| Income taxes67/77 | €8,845 | €1,695 | €14,927 | €993 | €2,771 | €8,244 | €31,283 | ▲ 279% |
| Profit (loss) for the period9904 | €21,730 | €10,185 | €35,915 | €2,717 | €6,754 | €21,702 | €60,984 | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €21,730 | €10,185 | €35,915 | €2,717 | €6,754 | €21,702 | €60,984 | ▲ 181% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €217,139 | €230,496 | €318,705 | €304,336 | €317,614 | €424,381 | €517,889 | ▲ 22.0% |
| Current assets29/58 | €217,139 | €230,496 | €318,705 | €304,336 | €317,614 | €424,381 | €517,889 | ▲ 22.0% |
| Stocks and contracts in progress3 | €175,786 | €163,636 | €202,024 | €221,826 | €282,614 | €292,860 | €472,488 | ▲ 61.3% |
| Stocks30/36 | - | - | - | €221,826 | €282,614 | €292,860 | €472,488 | ▲ 61.3% |
| Amounts receivable within one year40/41 | €13,900 | €16,600 | €61,037 | €45,269 | €5,949 | €119,010 | €30,969 | ▼ 74.0% |
| Trade receivables40 | - | - | - | €31,000 | €0 | €107,891 | €30,969 | ▼ 71.3% |
| Other amounts receivable41 | - | - | - | €14,269 | €5,949 | €11,119 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €27,070 | €49,857 | €49,755 | €36,223 | €27,430 | €11,630 | €13,205 | ▲ 13.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,018 | €1,620 | €881 | €1,226 | ▲ 39.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €217,139 | €230,496 | €318,705 | €304,336 | €317,614 | €424,381 | €517,889 | ▲ 22.0% |
| Equity10/15 | €53,949 | €64,134 | €100,050 | €102,767 | €109,521 | €131,223 | €192,207 | ▲ 46.5% |
| Contributions10/11 | €14,880 | €14,880 | - | €14,880 | €14,880 | €14,880 | €14,880 | = |
| Reserves13 | €15,898 | €26,083 | €61,998 | €64,715 | €71,469 | €93,171 | €154,155 | ▲ 65.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €62,855 | €69,609 | €91,311 | €152,295 | ▲ 66.8% |
| Profit (loss) carried forward14 | €23,172 | €23,172 | €23,172 | €23,172 | €23,172 | €23,172 | €23,172 | = |
| Amounts payable17/49 | €163,189 | €166,362 | €218,655 | €201,569 | €208,093 | €293,158 | €325,682 | ▲ 11.1% |
| Amounts payable after more than one year17 | - | - | - | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Other amounts payable178/9 | - | - | - | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Amounts payable within one year42/48 | €163,189 | €164,880 | €216,010 | €111,202 | €118,318 | €199,735 | €234,065 | ▲ 17.2% |
| Trade debts44 | €12,705 | €13,459 | €1,117 | €18,242 | €518 | €484 | €763 | ▲ 57.5% |
| Suppliers440/4 | - | - | - | €18,242 | €518 | €484 | €763 | ▲ 57.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | €10,700 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €7,421 | €2,415 | €3,744 | €31,421 | ▲ 739% |
| Taxes450/3 | - | - | - | €3,821 | €2,415 | €3,744 | €31,421 | ▲ 739% |
| Remuneration and social security454/9 | - | - | - | €3,600 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €85,540 | €115,384 | €184,807 | €201,881 | ▲ 9.2% |
| Accrued charges and deferred income492/3 | - | - | - | €5,366 | €4,775 | €8,423 | €6,617 | ▼ 21.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,730 | €10,185 | €35,915 | €2,717 | €6,754 | €21,702 | €60,984 | ▲ 181% |
| Operating cash flow (approximation) | €21,730 | €10,185 | €35,915 | €2,717 | €6,754 | €21,702 | €60,984 | ▲ 181% |
| Change in cash | - | €22,787 | -€102 | -€13,532 | -€8,792 | -€15,800 | €1,575 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as XEE has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of XEE itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for XEE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00028624 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00014314 | |
| 30-06-2023 | micro format | 13-05-2024 | 2024-00086555 | |
| 30-06-2022 | micro format | 24-02-2023 | 2023-00031456 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-02800527 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02100007 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03100474 | |
| 30-06-2018 | micro format | 22-01-2019 | 2019-01800304 | |
| 30-06-2017 | micro format | 21-12-2017 | 2017-73000145 | |
| 30-06-2016 | abbreviated format | 15-12-2016 | 2016-70100545 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
XEE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of XEE. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23025I0092/00V000 | Flanders | 1,542 m² | 1 · 32 m² | 8.0 m · 2 |
| 23020C0075/00Z002 | Flanders | 212 m² | 1 · 92 m² | 9.6 m · 2 |