Equity
€433,785 from €761,570 in 2021
Equity fell by 43% in 4 years.
XENON
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €236,985 (2019)
€185,628▼ 15.4%
lowest -€234,211 (2016)
-€51,721▼ €31,911
peak €761,570 (2021)
€433,785▼ 10.7%
€8.1m▲ 4.1%
Board1 name since 2020
1 director
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €219,393 to €185,628Loss of €51,721Investments €429,615Cash from €104,224 to €153,042
Key points
from the 2025 annual accountsLosses
-€327,785 in four years
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
Debts
€8.1m 95% of the balance sheet
Suppliers 0%Taxes and wages 0%Other 100%
Of this, €8.1m falls due within a year.
Investments
€429,615 2.2 × depreciation
Green is investment, beige is depreciation.
Filings
31 annual accounts since 1995
The 2016 accounts came 30 days late. The other nine of the last ten were filed on time.
Position in the sector
-€51,721
Lower net result than 91% of companies in real estate. Sector median €5,859 · 19,800 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 140 companies had the same profile as XENON has now. Each dot is one company, two years later.
96.4%
were still trading
1.4%
stopped another way
2.1%
went bankrupt
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 140 companies, not a prediction for XENON. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
- 112 sharesdeed of 27-07-2020
- 112 sharesdeed of 27-07-2020
Recent changes
Reappointment: (director)
General meeting of 30-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0451718508
First establishment
Vaartstraat 13, Brussels
Demerger: ARGON splits off to XENON
Capital increase of €591,745.99 to €1,186,745.99 · Capital from €595,000 to €1,186,745.99, 224 new shares · Change of role: , from statutory manager to sole director · General meeting of 29-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| XENON Brussels | €8.6m | €185,628 | 5.1% | - |
| VINCA Watermael-Boitsfort | €7.3m | €213,369 | 8.4% | - |
| ESPACE SAINT ANTOINE Antwerp | €7.6m | €179,752 | -17.0% | - |
| MOLINOR Evergem | €8.5m | €147,486 | 93.9% | - |
| MERRION Brussels | €9.8m | €203,973 | 57.0% | - |
| COBRA INVEST Brussels | €10.8m | €269,876 | 83.8% | - |
| FONDATION DEMEURES ET CHATEAUX Ixelles | €10.1m | €210,846 | 95.4% | 2.5 |
These companies have the same main activity as XENON: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €7.3m and €11m, founded between 1989 and 2000.
Official details
Source: KBO- Status
- Active since 17-12-1993Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 1 other
- Establishment unit
- 2.363.481.0161000 Brussels, since 10-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Annual accounts 2025
- ≈ €270,000estimated
- €8.6m▲ 3.2%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on XENON
XENON files the micro format. That format states no turnover. The gross margin rose from €16,068 in 2006 to €185,628 in 2025.
The balance sheet grew most from 2015 to 2017 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about XENON
- What is the company number of XENON?
- The company number of XENON is 0451.718.508. The VAT number is the same number with BE in front: BE 0451.718.508.
- Where is XENON based?
- The registered office is at Vaartstraat 13, 1000 Brussels.Company details
- What does XENON do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of XENON?
- XENON is a public limited company (NV).
- When was XENON founded?
- XENON was founded on 17-12-1993.
- Is XENON still active?
- Yes, XENON is an active enterprise in the KBO register.
- What is the turnover of XENON?
- The turnover in financial year 2025 is ≈ €270,000. This figure is estimated from the gross margin of €185,628 and 31 comparable companies (NACE 68201). It probably lies between €210,000 and €360,000.Financials
- Is XENON profitable?
- In financial year 2025, XENON made a loss of €51,721.
- Where can I find the annual accounts of XENON?
- XENON filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of XENON due?
- XENON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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