Xenth
ActiveSummary
Xenth has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,143 and a net result of €6,289. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+33
Solvency47▼-2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.04 against 1.96 in 2024; short-term debt: 48.8% and cash: 6% of total assets), but 78.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
21.8%
Return on assets
2.4%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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
27 d late
2024
13 d early
2023
6 d late
2022
36 d late
2021
339 d late
2020
88 d late
2019
13 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 67 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€57,143▲ 12.4%
2024 · €50,854
Total assets
€261,608▲ 22.5%
2024 · €213,536
Net result
€6,289
2024 · -€4,829
Working capital
€132,891▲ 27.9%
2024 · €103,890
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€10,786▼ 71.2%€15,087▲ 39.9%€36,776▲ 144%€780▼ 97.9%€11,539▲ 1,378%
Net result€5,211▼ 82.5%€7,449▲ 43.0%€22,248▲ 199%-€4,829€6,289
Equity€25,986▲ 25.1%€33,435▲ 28.7%€55,683▲ 66.5%€50,854▼ 8.7%€57,143▲ 12.4%
Total assets€113,587▼ 1.8%€170,763▲ 50.3%€269,939▲ 58.1%€213,536▼ 20.9%€261,608▲ 22.5%
Debt€87,601▼ 7.7%€137,327▲ 56.8%€214,256▲ 56.0%€162,682▼ 24.1%€204,465▲ 25.7%
Working capital€33,168▲ 26.5%€99,877▲ 201%€113,463▲ 13.6%€103,890▼ 8.4%€132,891▲ 27.9%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,378% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €261,608
Fixed assets
€977 ▼ 36.4%
Current assets
€260,631 ▲ 22.9%
Equity and liabilities €261,608
Equity
€57,143 ▲ 12.4%
Debt
€204,465 ▲ 25.7%
Debt's share of the balance-sheet total rises from 76.2% to 78.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,498▲
2024 · €4,287
Cash flow
€7,249▲
2024 · -€1,323
Current ratio
2.04▲
2024 · 1.96
Quick ratio
1.71▲
2024 · 1.51
Debt to equity
3.58▲
2024 · 3.20
ROE
11.0%▲
2024 · -9.5%
ROA
2.4%▲
2024 · -2.3%
Interest coverage
4.04▲
2024 · 0.73
Debt ≤ 1 year
€127,740▲
2024 · €108,111
Debt > 1 year
€76,725▲
2024 · €54,571
Income taxes
€2,311
Staff costs
€5
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,500 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €5 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,231 | €4,174 | €3,123 | €3,506 | €960 | ▼ 72.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €1,858 | €3,102 | - | - |
| Other operating charges640/8 | €2,687 | €3,431 | €608 | €927 | €538 | ▼ 42.0% |
| Gross operating margin9900 | €17,704 | €22,691 | €42,363 | €8,316 | €13,040 | ▲ 56.8% |
| Operating profit (loss)9901 | €10,786 | €15,087 | €36,776 | €780 | €11,539 | ▲ 1,378% |
| Financial income75/76B | €364 | €262 | €256 | €293 | €159 | ▼ 45.6% |
| Recurring financial income75 | €364 | €262 | €256 | €293 | €159 | ▼ 45.6% |
| Financial charges65/66B | €5,089 | €4,277 | €6,648 | €5,902 | €3,097 | ▼ 47.5% |
| Recurring financial charges65 | €5,089 | €4,277 | €6,648 | €5,902 | €3,097 | ▼ 47.5% |
| Profit (loss) for the period before taxes9903 | €6,061 | €11,072 | €30,383 | -€4,829 | €8,600 | ▲ 278% |
| Income taxes67/77 | €851 | €3,623 | €8,136 | - | €2,311 | - |
| Profit (loss) for the period9904 | €5,211 | €7,449 | €22,248 | -€4,829 | €6,289 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €5,211 | €7,449 | €22,248 | -€4,829 | €6,289 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €113,587 | €170,763 | €269,939 | €213,536 | €261,608 | ▲ 22.5% |
| Fixed assets21/28 | €9,032 | €4,858 | €5,437 | €1,535 | €977 | ▼ 36.4% |
| Tangible fixed assets22/27 | €9,032 | €4,858 | €5,437 | €1,535 | €977 | ▼ 36.4% |
| Land and buildings22 | €1,887 | €563 | €311 | €208 | €109 | ▼ 47.7% |
| Plant, machinery and equipment23 | €748 | €156 | - | - | - | - |
| Furniture and vehicles24 | €6,397 | €4,139 | €5,126 | €1,327 | €868 | ▼ 34.6% |
| Current assets29/58 | €104,555 | €165,904 | €264,502 | €212,001 | €260,631 | ▲ 22.9% |
| Stocks and contracts in progress3 | €24,676 | €47,673 | €47,297 | €48,720 | €42,051 | ▼ 13.7% |
| Stocks30/36 | €23,476 | €47,173 | €47,297 | €48,720 | €42,051 | ▼ 13.7% |
| Contracts in progress37 | €1,200 | €500 | - | - | - | - |
| Amounts receivable within one year40/41 | €66,631 | €100,123 | €133,326 | €160,985 | €202,782 | ▲ 26.0% |
| Trade receivables40 | €7,664 | €5,974 | €12,329 | €1,014 | €57,202 | ▲ 5,541% |
| Other amounts receivable41 | €58,967 | €94,150 | €120,997 | €159,971 | €145,580 | ▼ 9.0% |
| Cash at bank and in hand54/58 | €11,970 | €15,176 | €11,869 | €2,297 | €15,799 | ▲ 588% |
| Deferred charges and accrued income490/1 | €1,279 | €2,932 | €72,010 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €113,587 | €170,763 | €269,939 | €213,536 | €261,608 | ▲ 22.5% |
| Equity10/15 | €25,986 | €33,435 | €55,683 | €50,854 | €57,143 | ▲ 12.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €850 | €850 | €850 | €850 | €850 | = |
| Non-distributable reserves130/1 | €850 | €850 | €850 | €850 | €850 | = |
| Reserves not available under the articles1311 | €850 | €850 | €850 | €850 | €850 | = |
| Profit (loss) carried forward14 | €12,736 | €20,185 | €42,433 | €37,604 | €43,893 | ▲ 16.7% |
| Amounts payable17/49 | €87,601 | €137,327 | €214,256 | €162,682 | €204,465 | ▲ 25.7% |
| Amounts payable after more than one year17 | €16,214 | €71,300 | €63,216 | €54,571 | €76,725 | ▲ 40.6% |
| Financial debts170/4 | €16,214 | €71,300 | €63,216 | €54,571 | €76,725 | ▲ 40.6% |
| Amounts payable within one year42/48 | €71,388 | €66,028 | €151,040 | €108,111 | €127,740 | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | €6,668 | €11,898 | €8,083 | €8,462 | €7,513 | ▼ 11.2% |
| Financial debts43 | €22,498 | €19,829 | €25,320 | €26,379 | €18,965 | ▼ 28.1% |
| Credit institutions430/8 | €22,498 | €19,829 | €25,320 | €26,379 | €18,965 | ▼ 28.1% |
| Trade debts44 | €24,034 | €14,939 | €106,420 | €21,528 | €56,213 | ▲ 161% |
| Suppliers440/4 | €24,034 | €14,939 | €106,420 | €21,528 | €56,213 | ▲ 161% |
| Taxes, remuneration and social security45 | €18,187 | €19,362 | €11,217 | €51,742 | €45,050 | ▼ 12.9% |
| Taxes450/3 | €18,187 | €19,362 | €11,217 | €51,742 | €45,050 | ▼ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,211 | €7,449 | €22,248 | -€4,829 | €6,289 | ▲ 230% |
| + Depreciation and write-downs630 | €4,231 | €4,174 | €3,123 | €3,506 | €960 | ▼ 72.6% |
| Operating cash flow (approximation) | €9,442 | €11,623 | €25,370 | -€1,323 | €7,249 | ▲ 648% |
| Investment in fixed assets (approximation) | - | €0 | -€3,701 | €396 | -€402 | ▼ 201% |
| Change in cash | - | €3,206 | -€3,307 | -€9,572 | €13,502 | ▲ 241% |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-09
Financial
Back to profitnet €6,289
Net result €6,289 after one loss-making year.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 339 days late
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
30-09
Financial
Back to profitnet €29,825
Net result €29,825 after one loss-making year.
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€13,246
Net result drops to -€13,246, the lowest in the series; recovery starts the following year.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB 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
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zulte · 1 establishment unit since 2011
Ground area
1,847 m²
Building footprint
294 m²
Volume, LiDAR
1,411 m³
Parcel 44037B0672/00L000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOUWWERKEN VERMIESCH
since 20112.207.059.311
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037B0672/00L000 | Flanders | 1,847 m² | 1 · 294 m² | 9.5 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 1,465 companies in sector 47632 we hold annual accounts for 733. 576 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
Founded24-06-2011
Fiscal year end30-09
Activities, NACEBEL 2025
47632Retail sale of bicycles
46495Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
77210Renting and leasing of sports and recreation goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837343986
Also
9925:BE0837343986
Registered
23-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.