XENON
ActiveSummary
XENON has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €485,506 and a net result of -€19,810. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+1
Solvency31=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.01 against 0.03 in 2023; short-term debt: 93.8% and cash: 1.3% of total assets), and 94.1% of the assets are financed with debt.
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Signals
Seven 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 2024Solvency, return and age of the figures
Solvency
5.9%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€19,810
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
34 d early
2023
33 d early
2022
19 d early
2021
20 d early
2020
31 d early
2019
32 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 29 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€485,506▼ 3.9%
2023 · €505,316
Total assets
€8.3m▼ 3.6%
2023 · €8.6m
Net result
-€19,810▲ 82.7%
2023 · -€114,596
Working capital
-€7.7m▲ 1.9%
2023 · -€7.8m
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
Line20202021202220232024
Operating result-€102,862€76,673-€144,476-€117,412▲ 18.7%-€22,622▲ 80.7%
Net result-€103,063below the sector's middle half€43,378within the sector's middle half-€141,659below the sector's middle half-€114,596below the sector's middle half▲ 19.1%-€19,810below the sector's middle half▲ 82.7%
Equity€718,192within the sector's middle half▲ 2,795%€761,570within the sector's middle half▲ 6.0%€619,911within the sector's middle half▼ 18.6%€505,316above the sector's middle half▼ 18.5%€485,506above the sector's middle half▼ 3.9%
Total assets€6.7mabove the sector's middle half▲ 11.8%€6.7mabove the sector's middle half▲ 0.1%€6.9mabove the sector's middle half▲ 2.1%€8.6mabove the sector's middle half▲ 24.9%€8.3mabove the sector's middle half▼ 3.6%
Debt€6.0m▲ 0.3%€5.9m▼ 1.2%€6.2m▲ 4.8%€8.1m▲ 29.4%€7.8m▼ 3.6%
Working capital-€5.7mbelow the sector's middle half▼ 0.5%-€5.6mbelow the sector's middle half▲ 2.1%-€6.0mbelow the sector's middle half▼ 8.3%-€7.8mbelow the sector's middle half▼ 29.2%-€7.7mbelow the sector's middle half▲ 1.9%
Solvency10.7%within the sector's middle half▲ 10.2pp11.3%within the sector's middle half▲ 0.6pp9.0%below the sector's middle half▼ 2.3pp5.9%within the sector's middle half▼ 3.1pp5.9%within the sector's middle half=
Current ratio0.05below the sector's middle half=0.06below the sector's middle half▲ 0.010.03below the sector's middle half▼ 0.030.03below the sector's middle half=0.01below the sector's middle half▼ 0.02
Return on assets (ROA)-1.5%below the sector's middle half▼ 1.8pp0.6%within the sector's middle half▲ 2.2pp-2.1%below the sector's middle half▼ 2.7pp-1.3%within the sector's middle half▲ 0.7pp-0.2%within the sector's middle half▲ 1.1pp
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,622 in 2024 against €117,412 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.3m
Fixed assets
€8.2m ▼ 2.1%
Current assets
€116,016 ▼ 53.9%
Equity and liabilities €8.3m
Equity
€485,506 ▼ 3.9%
Provisions
€25,911 ▼ 9.9%
Debt
€7.8m ▼ 3.6%
Debt's share of the balance-sheet total stays at 93.8%.
Key figures and ratios
EBITDA
€180,979▲
2023 · €62,923
Cash flow
€183,791▲
2023 · €65,740
Debt to equity
16.02▲
2023 · 15.96
ROE
-4.1%▲
2023 · -22.7%
Interest coverage
6350.15▲
2023 · 2621.81
Debt ≤ 1 year
€7.8m▼
2023 · €8.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 140 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency under 10%
- a small loss
2.1%
went bankrupt
1.4%
stopped otherwise
96%
still going
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,338 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% | 1.9% |
| 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 140 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €157,952 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €118,020 | €120,106 | €175,591 | €180,336 | €203,601 | ▲ 12.9% |
| Other operating charges640/8 | - | €32,963 | €36,230 | €41,403 | €38,414 | ▼ 7.2% |
| Gross operating margin9900 | €46,549 | €229,743 | €67,345 | €104,327 | €219,393 | ▲ 110% |
| Operating profit (loss)9901 | -€102,862 | €76,673 | -€144,476 | -€117,412 | -€22,622 | ▲ 80.7% |
| Financial income75/76B | - | €1,205 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €1,205 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €68 | €24 | €24 | €29 | ▲ 18.8% |
| Recurring financial charges65 | €201 | €68 | €24 | €24 | €29 | ▲ 18.8% |
| Profit (loss) for the period before taxes9903 | -€103,063 | €77,810 | -€144,500 | -€117,436 | -€22,650 | ▲ 80.7% |
| Transfer from deferred taxes780 | - | €2,038 | €2,841 | €2,841 | €2,841 | = |
| Transfer to deferred taxes680 | - | €36,471 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€103,063 | €43,378 | -€141,659 | -€114,596 | -€19,810 | ▲ 82.7% |
| Transfer from tax-exempt reserves789 | - | €6,115 | €8,522 | €8,522 | €8,522 | = |
| Transfer to tax-exempt reserves689 | - | €109,412 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€103,063 | -€59,919 | -€133,137 | -€106,074 | -€11,288 | ▲ 89.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €6.7m | €6.9m | €8.6m | €8.3m | ▼ 3.6% |
| Fixed assets21/28 | €6.4m | €6.4m | €6.7m | €8.3m | €8.2m | ▼ 2.1% |
| Tangible fixed assets22/27 | €6.4m | €6.4m | €6.7m | €8.3m | €8.2m | ▼ 2.1% |
| Land and buildings22 | - | €3.3m | €3.3m | €4.9m | €4.8m | ▼ 1.6% |
| Plant, machinery and equipment23 | - | €731,880 | €1.1m | €1.1m | €1.0m | ▼ 8.7% |
| Other tangible fixed assets26 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Financial fixed assets28 | - | - | €292 | €605 | €0 | ▼ 100% |
| Current assets29/58 | €319,376 | €364,231 | €185,342 | €251,661 | €116,016 | ▼ 53.9% |
| Amounts receivable within one year40/41 | €902 | €5,856 | €30,278 | €209,960 | €11,661 | ▼ 94.4% |
| Trade receivables40 | - | - | - | €209,956 | €11,661 | ▼ 94.4% |
| Other amounts receivable41 | - | €5,856 | €30,278 | €4 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €318,474 | €356,415 | €150,864 | €40,144 | €104,224 | ▲ 160% |
| Deferred charges and accrued income490/1 | - | €1,960 | €4,199 | €1,557 | €130 | ▼ 91.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €6.7m | €6.9m | €8.6m | €8.3m | ▼ 3.6% |
| Equity10/15 | €718,192 | €761,570 | €619,911 | €505,316 | €485,506 | ▼ 3.9% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Capital10 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Reserves13 | €212,271 | €315,568 | €307,046 | €298,524 | €290,002 | ▼ 2.9% |
| Non-distributable reserves130/1 | - | €22,338 | €22,338 | €22,338 | €22,338 | = |
| Legal reserve130 | - | €22,302 | €22,302 | €22,302 | €22,302 | = |
| Reserves not available under the articles1311 | - | €37 | €37 | €0 | - | - |
| Other1319 | - | - | - | €37 | €37 | = |
| Tax-exempt reserves132 | - | €103,297 | €94,775 | €86,253 | €77,732 | ▼ 9.9% |
| Distributable reserves133 | - | €189,932 | €189,932 | €189,932 | €189,932 | = |
| Profit (loss) carried forward14 | -€680,824 | -€740,744 | -€873,881 | -€979,954 | -€991,242 | ▼ 1.2% |
| Provisions and deferred taxes16 | - | €34,433 | €31,592 | €28,751 | €25,911 | ▼ 9.9% |
| Deferred taxes168 | - | €34,433 | €31,592 | €28,751 | €25,911 | ▼ 9.9% |
| Amounts payable17/49 | €6.0m | €5.9m | €6.2m | €8.1m | €7.8m | ▼ 3.6% |
| Amounts payable within one year42/48 | €6.0m | €5.9m | €6.2m | €8.1m | €7.8m | ▼ 3.6% |
| Trade debts44 | €61,521 | €31,087 | €31,240 | €210,724 | €2,991 | ▼ 98.6% |
| Suppliers440/4 | - | €31,087 | €31,240 | €210,724 | €2,991 | ▼ 98.6% |
| Taxes, remuneration and social security45 | - | - | €24 | €0 | €865 | - |
| Taxes450/3 | - | - | €24 | €0 | €865 | - |
| Other amounts payable47/48 | - | €5.9m | €6.2m | €7.9m | €7.8m | ▼ 1.0% |
| Accrued charges and deferred income492/3 | - | €2,590 | €2,800 | €2,972 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€103,063 | €43,378 | -€141,659 | -€114,596 | -€19,810 | ▲ 82.7% |
| + Depreciation and write-downs630 | €118,020 | €120,106 | €175,591 | €180,336 | €203,601 | ▲ 12.9% |
| Operating cash flow (approximation) | €14,957 | €163,484 | €33,932 | €65,740 | €183,791 | ▲ 180% |
| Investment in fixed assets (approximation) | - | -€80,326 | -€496,035 | -€1.8m | -€26,881 | ▲ 98.5% |
| Change in cash | - | €37,941 | -€205,551 | -€110,720 | €64,080 | ▲ 158% |
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
2026
17-08
State Gazette act
Reappointment: Greta Meert (director)2 facts ▸
State Gazette act
Reappointment: Greta Meert (director)
2 facts ▸
- General meeting, 30-06-2026
- Director reappointment, Greta Meert (director)
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€141,659
Net result drops to -€141,659, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €43,378
Net result €43,378 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500,000Eq €718,192 ▲2,795%
Equity rises from €24,807 to €718,192.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €16,126
Net result €16,126 after one loss-making year.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Greta Meert
CurrentDirector · since 30-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2024
Ground area
404 m²
Building footprint
294 m²
Volume, LiDAR
6,445 m³
Parcel 21812N1281/00D000, Brussels · tallest building 26.6 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
XENON
since 20242.363.481.016
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1281/00D000 | Brussels | 404 m² | 1 · 294 m² | 26.6 m · 7 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.
Mandate history
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Greta Meert |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Similar companies · same sector, comparable size
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INTERDA
BE 0849.004.079
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ZEG BOSSCHEN
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PHAM - TRAN
BE 0440.207.774
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 5,041 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451718508
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.