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Complete company report
Generated 26-07-2026
Active BE 0834.913.543Private limited company

XEO PROJECT

Avenue de l'Indépendance 57 ·4020 Liège, Belgium· 15 yrs active
Sector: NACE 82100 (82100)
Conclusion Checked

The computed 12-month bankruptcy probability of XEO PROJECT is 0.6% (low). The 2024 annual accounts show equity of €20k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 3164 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €20k
Net result €-10k
Staff (FTE) 2.7
Better than sector 13%
Snowflake analysis 5 axes · computed by Checked
Health45Profitability0Solvency25Growth32Stability100
40 / 100

Fragile profile, watch profitability in particular.

Health 45
Profitability 0
Solvency 25
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.6% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Multiple establishment units +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
45 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 29-07-2025 with the NBB · fiscal year 2024 · micro
€-100k€-50k€0€50kOperating result 2020: €-62k€-62kNet result 2020: €-15k€-15kOperating result 2021: €43k€43kNet result 2021: €14k€14kOperating result 2022: €24k€24kNet result 2022: €2k€2kOperating result 2023: €20k€20kNet result 2023: €10k€10kOperating result 2024: €26k€26kNet result 2024: €-10k€-10k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~40% of the level (threshold 35%). We therefore deliberately show no projection line.
€0€20k€40k€60k€80k2018: €51k2019: €84k2020: €5k2021: €19k2022: €20k2023: €30k2024: €20k2018201920202021202220232024
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 82 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 1.6% 53.7%
better than 13% of 3164 sector peers
Net result €-10k €18k
better than 9% of 3163 sector peers
Equity €20k €40k
better than 33% of 3166 sector peers
Gross operating margin €158k €36k
better than 92% of 3163 sector peers
Staff costs €68k €22k
higher than 78% of 479 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€130k
- 18-24
EBITDA
€63k
-9.9% +253% vs sector
Net profit
€-10k
- far below sector median
Cash flow
€27k
-55.0% +74% vs sector
Total assets
€1.24M
-5.4% far above sector median
Equity
€20k
-33.1% -79% vs sector
Working capital
€125k
- +152% vs sector
Employees (FTE)
3
+8.0% +108% vs sector
Staff costs
€68k
-21.3% +56% vs sector
Income taxes
€140
-17.9% -97% vs sector
Debt
€1.22M
-4.7% far above sector median
Debt ≤ 1y
€217k
+12.7% far above sector median
Debt > 1y
€1.01M
-7.8% far above sector median
Current ratio
1.57
+77.1% -55% vs sector
Quick ratio
1.57
+77.1% -42% vs sector
Solvency
1.6%
-29.3% -98% vs sector
Debt / equity
60.78
+42.5% far above sector median
ROE
-49.5%
- far below sector median
ROA
-0.8%
- far below sector median
Net margin
23.4%
- 18-24
EBITDA margin
24.4%
- 18-24
Interest coverage
1.81
-3.1% -47% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€63k
Net profit€-10k
Cash flow€27k
Staff costs€68k
Income taxes€140
Dividends-
Total assets€1.24M
Equity€20k
Debt€1.22M
of which ≤ 1y€217k
of which > 1y€1.01M
Working capital€125k
Employees (FTE)2.7
Ratios (computed)
2024
Current ratio1.57
Quick ratio1.57
Working capital ratio10.0%
Solvency1.6%
Debt / equity60.78
Long-term debt ratio49.94
Interest coverage1.81
Gross margin-
Net margin-
ROA-0.8%
ROE-49.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€1.24M
Fixed assets 21/28€903k
Tangible fixed assets 22/27€903k
Current assets 29/58€341k
Amounts receivable within one year 40/41€340k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.24M
Equity 10/15€20k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€-322
Amounts payable 17/49€1.22M
Amounts payable after one year 17€1.01M
Amounts payable within one year 42/48€217k
Trade debts payable within one year 44€77k
Income statement
Gross operating margin 9900€158k
Operating result 9901€26k
Financial income 75€51
Financial charges 65€35k
Result before taxes 9903€-10k
Income taxes 67/77€140
Net result for the period 9904€-10k
Result to be appropriated 9905€-10k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Current directors & mandates
  • Pierre THIRY
    Liquidator
    State Gazette act 25156829 (11-12-2025)
    Current
    18-11-2025 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary 82100
Legal form Private limited company(610)
Incorporation29-03-2011
StatusActive
Postal code4020
Connections & network 3 connected companies
Network connections
BLD GROUP INVEST
Shared address
→
CADRY IMMO
Shared address
→
ZENIMMO
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Establishment units 2 locations
XEO PROJECT
Avenue de l'Indépendance 57, 4020 LiègeVerhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
since 20112.203.410.329
XEO PROJECT
Avenue de l'Indépendance 53, 4020 LiègeVerhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
since 20202.323.162.668
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62113B0446/00G002 Wallonia 3.7 ha 1 · 301 m² 7.8 m · 3 fl.
62113B0466/00B003 Wallonia 1,076 m² 1 · 1,675 m² 10.8 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 15 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
11-12-2025
State Gazette act Director changes
v3.2
29-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
17-12-2024
State Gazette act Registered-office change
v3.2
29-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
05-01-2024
State Gazette act Director changes
v3.2
2023
28-07-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
27-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
29-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
31-07-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
15-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
24-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · micro
2017
31-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · micro
2016
17-08-2016
State Gazette act Registered-office change
v3.2
04-08-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
05-08-2015
State Gazette act Director changes
v3.2
Belgisch Staatsblad, acts 5 acts
Address history · 2
17-12-2024
v3.2
17-08-2016
v3.2
All acts · 5 updated 7 months ago
2025
11-12-2025 Pierre THIRY appointed as liquidator Director changes
  • Pierre THIRY, Vereffenaar
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "vereffenaar",
      "person": {
        "rrn": null,
        "name": "Pierre THIRY",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2025-11-18",
      "evidence_quote": "Sous la r\u00E9serve qui est expos\u00E9e ci-apr\u00E8s, l\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9signe en qualit\u00E9 de liquidateur, Monsieur Pierre THIRY, Avocat \u00E0 Li\u00E9ge au sein du cabinet CAVENAILE, dont les bureaux sont \u00E9tablis \u00E0 4000 Li\u00E8ge, Place du Haut Pr\u00E9, 10, qu\u0027elle juge d\u0027une probit\u00E9 et d\u0027une comp\u00E9tence parfaite pour assure"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0834.913.543",
    "name_full": "XEO PROJECT",
    "legal_form": "SRL"
  }
}
2024
17-12-2024 Registered office moved from GLONS to WANDRE Registered-office change
  • Rue du Cheval Blanc 20, 4690 GLONS → Avenue de l'indépendance 57, 4020 WANDRE
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "WANDRE",
        "region": null,
        "street": "Avenue de l\u0027ind\u00E9pendance",
        "country": "BE",
        "postcode": "4020",
        "box_number": null,
        "street_number": "57"
      },
      "old_address": {
        "city": "GLONS",
        "region": null,
        "street": "Rue du Cheval Blanc",
        "country": "BE",
        "postcode": "4690",
        "box_number": "4",
        "street_number": "20"
      },
      "effective_date": "2024-10-01",
      "evidence_quote": "Le transfert du si\u00E8ge social Avenue de l\u0027ind\u00E9pendance 57 \u00E0 4020 WANDRE. Le changement de si\u00E8ge social prend effet imm\u00E9diatement."
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0834.913.543",
    "name_full": "XEO PROJECT",
    "legal_form": "SRL"
  }
}
05-01-2024 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0834.913.543",
    "name_full": "XEO PROJECT",
    "legal_form": "SPRL"
  }
}
2016
17-08-2016 Registered office moved from BATTICE to Glons Registered-office change
  • THIER MARTIN 127, 4651 BATTICE → Rue du Cheval Blanc 20, 4690 Glons
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "statutaire",
      "new_address": {
        "city": "Glons",
        "region": null,
        "street": "Rue du Cheval Blanc",
        "country": "BE",
        "postcode": "4690",
        "box_number": "4",
        "street_number": "20"
      },
      "old_address": {
        "city": "BATTICE",
        "region": null,
        "street": "THIER MARTIN",
        "country": "BE",
        "postcode": "4651",
        "box_number": null,
        "street_number": "127"
      },
      "effective_date": "2016-06-03",
      "evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide \u00E0 l\u0027unanimit\u00E9 de transf\u00E9rer le si\u00E8ge social de la soci\u00E9t\u00E9 \u00E0 l\u0027adresse suivante Rue du Cheval Blanc 20/4 \u00E0 4690 Glons et ce avec effet imm\u00E9diat"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0834.913.543",
    "name_full": "XEO PROJECT",
    "legal_form": "SPRL"
  }
}
2015
05-08-2015 Change in the board of directors Director changes
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0834.913.543",
    "name_full": "XEO PROJECT",
    "legal_form": "SPRL"
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110
Primary activity highlighted.
Names & trade names
Legal nameFR XEO PROJECT
Registered office
Avenue de l'Indépendance 57
4020 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative