XEMEX
ActiveSummary
XEMEX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €484k and a net result of €48k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 93% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 10.61 against 9.26 in 2024; short-term debt: 3.8% and cash: 8.1% of total assets), and 7.7% 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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
92.3%
Return on assets
9.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
5 d late
2023
36 d early
2022
21 d early
2021
181 d early
2020
38 d early
2019
71 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€48k▲ 0.5%
2024 · €48k
Working capital
€194k▲ 32.2%
2024 · €146k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51k▼ 4.9%€54k▲ 5.0%€54k▲ 0.5%€63k▲ 16.3%€68k▲ 8.7%
Net result€35k▲ 2.8%€38k▲ 7.8%€39k▲ 1.2%€48k▲ 23.7%€48k▲ 0.5%
Equity€311k▲ 12.9%€349k▲ 12.3%€388k▲ 11.1%€436k▲ 12.3%€484k▲ 11.0%
Total assets€458k▲ 0.9%€463k▲ 1.1%€470k▲ 1.5%€489k▲ 4.0%€524k▲ 7.3%
Debt€147k▼ 17.6%€114k▼ 22.5%€82k▼ 27.8%€53k▼ 35.3%€41k▼ 23.5%
Working capital€56k▲ 41.9%€76k▲ 34.2%€99k▲ 31.5%€146k▲ 47.3%€194k▲ 32.2%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €524k
Fixed assets
€311k ▼ 4.3%
Current assets
€214k ▲ 30.2%
Equity and liabilities €524k
Equity
€484k ▲ 11.0%
Debt
€41k ▼ 23.5%
Debt's share of the balance-sheet total falls from 10.9% to 7.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82k▲
2024 · €77k
Cash flow
€62k▲
2024 · €62k
Current ratio
10.61▲
2024 · 9.26
Debt to equity
0.08▼
2024 · 0.12
ROE
9.9%▼
2024 · 11.0%
ROA
9.2%▼
2024 · 9.8%
Interest coverage
114.93▲
2024 · 68.05
Debt ≤ 1 year
€20k▲
2024 · €18k
Debt > 1 year
€20k▼
2024 · €35k
Income taxes
€23k▲
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €14k | €14k | €14k | = |
| Other operating charges640/8 | - | €1k | €1k | €3k | €3k | ▲ 4.1% |
| Gross operating margin9900 | €67k | €69k | €70k | €80k | €85k | ▲ 7.0% |
| Operating profit (loss)9901 | €51k | €54k | €54k | €63k | €68k | ▲ 8.7% |
| Financial income75/76B | - | - | €91 | €2k | €4k | ▲ 52.6% |
| Recurring financial income75 | €272 | - | €91 | €2k | €4k | ▲ 52.6% |
| Financial charges65/66B | - | €3k | €2k | €1k | €716 | ▼ 36.6% |
| Recurring financial charges65 | €4k | €3k | €2k | €1k | €716 | ▼ 36.6% |
| Profit (loss) for the period before taxes9903 | €48k | €51k | €52k | €64k | €71k | ▲ 11.1% |
| Income taxes67/77 | €12k | €13k | €13k | €16k | €23k | ▲ 42.4% |
| Profit (loss) for the period9904 | €35k | €38k | €39k | €48k | €48k | ▲ 0.5% |
| Transfer from tax-exempt reserves789 | - | - | €14k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €46k | €38k | €53k | €48k | €48k | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €458k | €463k | €470k | €489k | €524k | ▲ 7.3% |
| Fixed assets21/28 | €368k | €353k | €339k | €325k | €311k | ▼ 4.3% |
| Tangible fixed assets22/27 | €368k | €353k | €339k | €325k | €311k | ▼ 4.3% |
| Land and buildings22 | - | €353k | €339k | €325k | €311k | ▼ 4.3% |
| Current assets29/58 | €90k | €110k | €131k | €164k | €214k | ▲ 30.2% |
| Amounts receivable within one year40/41 | €385 | €21k | €112 | €3k | €1k | ▼ 59.9% |
| Trade receivables40 | - | €21k | - | €3k | €1k | ▼ 59.9% |
| Other amounts receivable41 | - | - | €112 | - | - | - |
| Current investments50/53 | - | - | - | €140k | €170k | ▲ 21.4% |
| Cash at bank and in hand54/58 | €90k | €89k | €131k | €21k | €43k | ▲ 99.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €458k | €463k | €470k | €489k | €524k | ▲ 7.3% |
| Equity10/15 | €311k | €349k | €388k | €436k | €484k | ▲ 11.0% |
| Contributions10/11 | €75k | €75k | €75k | €75k | €75k | = |
| Reserves13 | €22k | €14k | - | - | €48k | - |
| Tax-exempt reserves132 | - | €14k | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €48k | - |
| Profit (loss) carried forward14 | €214k | €260k | €313k | €361k | €361k | = |
| Amounts payable17/49 | €147k | €114k | €82k | €53k | €41k | ▼ 23.5% |
| Amounts payable after more than one year17 | €113k | €80k | €50k | €35k | €20k | ▼ 42.5% |
| Financial debts170/4 | - | €80k | €50k | €35k | €20k | ▼ 42.5% |
| Amounts payable within one year42/48 | €34k | €34k | €32k | €18k | €20k | ▲ 13.7% |
| Current portion of amounts payable after more than one year42 | - | €33k | €29k | €15k | €15k | ▲ 1.2% |
| Trade debts44 | €347 | €14 | €2k | €437 | €772 | ▲ 76.7% |
| Suppliers440/4 | - | €14 | - | €50 | €372 | ▲ 644% |
| Bills of exchange payable441 | - | - | €2k | €387 | €400 | ▲ 3.4% |
| Advances received on contracts in progress46 | - | €334 | €60 | €268 | - | - |
| Taxes, remuneration and social security45 | - | €351 | - | €2k | €4k | ▲ 96.2% |
| Taxes450/3 | - | €351 | - | €2k | €4k | ▲ 96.2% |
| Other amounts payable47/48 | - | €91 | €375 | €106 | €327 | ▲ 208% |
| Accrued charges and deferred income492/3 | - | - | €13 | €74 | €180 | ▲ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €38k | €39k | €48k | €48k | ▲ 0.5% |
| + Depreciation and write-downs630 | €14k | €14k | €14k | €14k | €14k | = |
| Operating cash flow (approximation) | €50k | €53k | €53k | €62k | €62k | ▲ 0.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-1k | €43k | €-110k | €21k | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €48k ▲0.5%
Operating result €68k, net result €48k, both a record.
05-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
2024
30-06
Financial
Liquidity doublescurrent ratio 9.26
Current ratio from 4.12 to 9.26; short-term debt falls from €32k to €18k.
2023
26-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
10-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-11
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Visé · 1 establishment unit since 2026
Ground area
157 m²
Building footprint
112 m²
Volume, LiDAR
1,178 m³
Parcel 62108A0316/00P000, Wallonia · tallest building 11.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
XEMEX
since 20262.389.342.897
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62108A0316/00P000 | Wallonia | 157 m² | 1 · 112 m² | 11.8 m · 4 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.
Similar companies · same sector, comparable size
IMMO VANNESTE
BE 0436.091.016
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HEYERICK PROPERTY
BE 0802.700.437
Nazareth-De Pinte · Eq €484,541
KONSTANTOPOULOS
BE 0808.995.935
Wichelen · Eq €484,937
RP-HACCOURT
BE 1018.417.351
Gembloux · Eq €485,347
HAUTE RIVE
BE 0478.834.263
Châtelet · Eq €482,015
Of 12,041 companies in sector 68203 we hold annual accounts for 5,989. 4,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-02-2009
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
82400Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.