XENIT
ActiveSummary
XENIT has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €80,814 and a net result of €144. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▼-41
Solvency92▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.8 against 18.18 in 2023; short-term debt: 33.2% and cash: 25.1% of total assets), and 33.2% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2024Solvency, return and age of the figures
Solvency
66.8%
Return on assets
0.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
92 d late
2022
14 d late
2021
18 d late
2020
61 d late
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 48 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Hove, Telecoms and IT sector
Equity
€80,814▼ 31.3%
2023 · €117,585
Total assets
€120,984▼ 2.4%
2023 · €123,960
Net result
€144▼ 99.2%
2023 · €17,620
Working capital
€72,225▼ 34.0%
2023 · €109,497
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,752€14,378€26,628▲ 85.2%€25,935▼ 2.6%€4,131▼ 84.1%
Net result-€12,152below the sector's middle half€8,268within the sector's middle half€18,021within the sector's middle half▲ 118%€17,620within the sector's middle half▼ 2.2%€144below the sector's middle half▼ 99.2%
Equity€64,716within the sector's middle half▼ 15.8%€81,944within the sector's middle half▲ 26.6%€99,965within the sector's middle half▲ 22.0%€117,585within the sector's middle half▲ 17.6%€80,814within the sector's middle half▼ 31.3%
Total assets€65,940below the sector's middle half▼ 25.4%€86,418within the sector's middle half▲ 31.1%€106,096within the sector's middle half▲ 22.8%€123,960within the sector's middle half▲ 16.8%€120,984within the sector's middle half▼ 2.4%
Debt€1,224▼ 89.4%€4,473▲ 265%€6,130▲ 37.0%€6,374▲ 4.0%€40,169▲ 530%
Working capital€61,728within the sector's middle half▼ 14.4%€71,732within the sector's middle half▲ 16.2%€90,458within the sector's middle half▲ 26.1%€109,497within the sector's middle half▲ 21.0%€72,225within the sector's middle half▼ 34.0%
Solvency98.1%above the sector's middle half▲ 11.2pp94.8%above the sector's middle half▼ 3.3pp94.2%above the sector's middle half▼ 0.6pp94.9%above the sector's middle half▲ 0.6pp66.8%within the sector's middle half▼ 28.1pp
Current ratio51.42above the sector's middle half▲ 44.2017.04above the sector's middle half▼ 34.3915.76above the sector's middle half▼ 1.2818.18above the sector's middle half▲ 2.422.80within the sector's middle half▼ 15.38
Return on assets (ROA)-18.4%below the sector's middle half▼ 29.4pp9.6%within the sector's middle half▲ 28.0pp17.0%within the sector's middle half▲ 7.4pp14.2%within the sector's middle half▼ 2.8pp0.1%below the sector's middle half▼ 14.1pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 has fallen two years in a row; 2024 is 84% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120,984
Fixed assets
€8,589 ▲ 6.2%
Current assets
€112,395 ▼ 3.0%
Equity and liabilities €120,984
Equity
€80,814 ▼ 31.3%
Debt
€40,169 ▲ 530%
Debt's share of the balance-sheet total rises from 5.1% to 33.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6,788▼
2023 · €28,518
Cash flow
€2,802▼
2023 · €20,203
Debt to equity
0.50▲
2023 · 0.05
ROE
0.2%▼
2023 · 15.0%
Interest coverage
3.21▼
2023 · 247.94
Debt ≤ 1 year
€40,169▲
2023 · €6,374
Income taxes
€1,871▼
2023 · €8,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 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% | 1.8% |
| 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 17,040 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,141 | €2,770 | €2,714 | €2,583 | €2,657 | ▲ 2.9% |
| Other operating charges640/8 | - | €163 | €598 | €563 | €752 | ▲ 33.5% |
| Gross operating margin9900 | -€8,511 | €17,311 | €29,940 | €29,081 | €7,539 | ▼ 74.1% |
| Operating profit (loss)9901 | -€10,752 | €14,378 | €26,628 | €25,935 | €4,131 | ▼ 84.1% |
| Financial income75/76B | - | €100 | - | €4 | - | - |
| Recurring financial income75 | - | €100 | - | €4 | - | - |
| Financial charges65/66B | - | €891 | €490 | €115 | €2,115 | ▲ 1,739% |
| Recurring financial charges65 | €1,199 | €891 | €490 | €115 | €2,115 | ▲ 1,739% |
| Profit (loss) for the period before taxes9903 | -€11,951 | €13,587 | €26,138 | €25,823 | €2,015 | ▼ 92.2% |
| Income taxes67/77 | €201 | €5,318 | €8,117 | €8,204 | €1,871 | ▼ 77.2% |
| Profit (loss) for the period9904 | -€12,152 | €8,268 | €18,021 | €17,620 | €144 | ▼ 99.2% |
| Profit (loss) for the period to be appropriated9905 | -€12,152 | €8,268 | €18,021 | €17,620 | €144 | ▼ 99.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,940 | €86,418 | €106,096 | €123,960 | €120,984 | ▼ 2.4% |
| Fixed assets21/28 | €2,988 | €10,213 | €9,507 | €8,088 | €8,589 | ▲ 6.2% |
| Tangible fixed assets22/27 | €2,988 | €10,213 | €9,507 | €8,088 | €8,589 | ▲ 6.2% |
| Furniture and vehicles24 | - | €6,205 | €4,540 | €4,183 | €4,309 | ▲ 3.0% |
| Other tangible fixed assets26 | - | €4,007 | €4,967 | €3,905 | €4,280 | ▲ 9.6% |
| Current assets29/58 | €62,953 | €76,205 | €96,589 | €115,871 | €112,395 | ▼ 3.0% |
| Amounts receivable within one year40/41 | €41,943 | €60,290 | €66,849 | €68,447 | €76,967 | ▲ 12.4% |
| Trade receivables40 | - | €18,659 | €17,120 | €14,963 | €17,202 | ▲ 15.0% |
| Other amounts receivable41 | - | €41,630 | €49,729 | €53,484 | €59,765 | ▲ 11.7% |
| Cash at bank and in hand54/58 | €16,876 | €12,436 | €25,293 | €43,711 | €30,342 | ▼ 30.6% |
| Deferred charges and accrued income490/1 | - | €3,480 | €4,447 | €3,713 | €5,085 | ▲ 37.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,940 | €86,418 | €106,096 | €123,960 | €120,984 | ▼ 2.4% |
| Equity10/15 | €64,716 | €81,944 | €99,965 | €117,585 | €80,814 | ▼ 31.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €38,775 | €61,775 | €79,796 | €97,416 | €60,501 | ▼ 37.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €59,915 | €77,936 | €97,416 | €60,501 | ▼ 37.9% |
| Profit (loss) carried forward14 | €7,341 | €1,569 | €1,569 | €1,569 | €1,714 | ▲ 9.2% |
| Amounts payable17/49 | €1,224 | €4,473 | €6,130 | €6,374 | €40,169 | ▲ 530% |
| Amounts payable within one year42/48 | €1,224 | €4,473 | €6,130 | €6,374 | €40,169 | ▲ 530% |
| Trade debts44 | €537 | €509 | €978 | €2,102 | €3,511 | ▲ 67.0% |
| Suppliers440/4 | - | €509 | €978 | €2,102 | €3,511 | ▲ 67.0% |
| Taxes, remuneration and social security45 | - | €3,965 | €5,153 | €4,272 | €8,075 | ▲ 89.0% |
| Taxes450/3 | - | €3,920 | €5,153 | €4,272 | €8,075 | ▲ 89.0% |
| Remuneration and social security454/9 | - | €44 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €28,583 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,152 | €8,268 | €18,021 | €17,620 | €144 | ▼ 99.2% |
| + Depreciation and write-downs630 | €2,141 | €2,770 | €2,714 | €2,583 | €2,657 | ▲ 2.9% |
| Operating cash flow (approximation) | -€10,011 | €11,039 | €20,734 | €20,203 | €2,802 | ▼ 86.1% |
| Investment in fixed assets (approximation) | - | -€9,995 | -€2,008 | -€1,164 | -€3,158 | ▼ 171% |
| Change in cash | - | -€4,440 | €12,857 | €18,419 | -€13,369 | ▼ 173% |
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
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Equity above €100,000Eq €117,585 ▲17.6%
3 profitable years in a row build equity to €117,585.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
31-12
Financial
Back to profitnet €8,268
Net result €8,268 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€12,152
Net result drops to -€12,152, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 7current ratio 51.42
Current ratio from 7.22 to 51.42; short-term debt falls from €11,581 to €1,224.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 89 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Show earlier events
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
09-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 9 days late
2013
09-04
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Hove · 1 establishment unit since 2002
Ground area
382 m²
Building footprint
122 m²
Volume, LiDAR
726 m³
Parcel 11021B0087/00H000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Veldkantvoetweg 76, 2540 Hove
since 20022.114.510.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0087/00H000 | Flanders | 382 m² | 1 · 122 m² | 10.3 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.
Subsidies and aid
Flemish government
2022 · 1 entry · 104 EUR awarded · 104 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 104 EUR | 104 EUR |
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Of 16,913 companies in this sector we hold annual accounts for 8,787. 6,959 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded25-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
Contact
E-mail
xenit@telenet.beHove
Phone
0476/835657Hove
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478072616
Also
9925:BE0478072616
Registered
29-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.