XEON
ActiveSummary
XEON has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of -€197,139. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-4
Solvency97▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180,000 at 30 days acceptable
Liquidity tight (current ratio 1.34 against 1.09 in 2024; short-term debt: 13% and cash: 0.9% of total assets), and 28% 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€197,139
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 24-11-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
12 d early
2023
13 d early
2022
8 d early
2021
7 d early
2020
11 d late
2019
13 d late
← 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 8 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close27-09-2026 today31-12-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 company by equity in Kortrijk, Telecoms and IT sector
Equity
€2.8m▼ 6.6%
2024 · €3.0m
Total assets
€3.9m▼ 4.7%
2024 · €4.0m
Net result
-€197,139▼ 97.8%
2024 · -€99,647
Working capital
€172,105▲ 470%
2024 · €30,169
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€140,928▲ 83.3%-€62,100-€199,546▼ 221%-€176,697▲ 11.5%-€213,022▼ 20.6%
Net result€1.4m▲ 1,401%€998,107▼ 28.9%-€232,728-€99,647▲ 57.2%-€197,139▼ 97.8%
Equity€2.4m▲ 141%€3.3m▲ 37.9%€3.1m▼ 7.0%€3.0m▼ 3.2%€2.8m▼ 6.6%
Total assets€3.4m▲ 47.9%€4.1m▲ 19.9%€4.7m▲ 15.6%€4.0m▼ 14.7%€3.9m▼ 4.7%
Debt€991,807▼ 23.0%€794,590▼ 19.9%€1.7m▲ 110%€1.1m▼ 35.7%€1.1m▲ 0.8%
Working capital€1.3m€1.4m▲ 4.8%€684,585▼ 50.6%€30,169▼ 95.6%€172,105▲ 470%
Staff (FTE)0.10▼ 100%00
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €213,022 in 2025 against €176,697 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€3.2m ▼ 13.7%
Current assets
€672,997 ▲ 89.0%
Equity and liabilities €3.9m
Equity
€2.8m ▼ 6.6%
Debt
€1.1m ▲ 0.8%
Debt's share of the balance-sheet total rises from 26.5% to 28.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€89,927▼
2024 · -€59,919
Cash flow
-€74,043▼
2024 · €17,130
Current ratio
1.34▲
2024 · 1.09
Quick ratio
1.34▲
2024 · 1.09
Debt to equity
0.39▲
2024 · 0.36
ROE
-7.1%▼
2024 · -3.3%
ROA
-5.1%▼
2024 · -2.5%
Interest coverage
-5.84▼
2024 · -3.00
Debt ≤ 1 year
€500,892▲
2024 · €325,834
Debt > 1 year
€578,855▼
2024 · €741,924
Income taxes
€465▲
2024 · €330
Staff costs
-€166▼
2024 · €269
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% 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 497,058 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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,000 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €1,330 | €1,572 | €269 | -€166 | ▼ 162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,298 | €50,740 | €69,615 | €116,777 | €123,095 | ▲ 5.4% |
| Other operating charges640/8 | - | €4,009 | €4,008 | €4,611 | €11,997 | ▲ 160% |
| Non-recurring operating charges66A | - | - | - | - | €4,100 | - |
| Gross operating margin9900 | €191,086 | -€6,021 | -€124,351 | -€55,040 | -€73,996 | ▼ 34.4% |
| Operating profit (loss)9901 | €140,928 | -€62,100 | -€199,546 | -€176,697 | -€213,022 | ▼ 20.6% |
| Financial income75/76B | - | €1.3m | €39,692 | €97,349 | €31,753 | ▼ 67.4% |
| Recurring financial income75 | €50,494 | €19,925 | €39,692 | €59,160 | €31,753 | ▼ 46.3% |
| Non-recurring financial income76B | - | €1.3m | €0 | €38,189 | €0 | ▼ 100% |
| Financial charges65/66B | - | €149,630 | €72,344 | €19,970 | €15,405 | ▼ 22.9% |
| Recurring financial charges65 | €33,890 | €149,630 | €18,104 | €19,970 | €15,405 | ▼ 22.9% |
| Non-recurring financial charges66B | - | €0 | €54,240 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €1.5m | €1.1m | -€232,197 | -€99,317 | -€196,674 | ▼ 98.0% |
| Income taxes67/77 | €109,536 | €79,777 | €530 | €330 | €465 | ▲ 41.0% |
| Profit (loss) for the period9904 | €1.4m | €998,107 | -€232,728 | -€99,647 | -€197,139 | ▼ 97.8% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €998,107 | -€232,728 | -€99,647 | -€197,139 | ▼ 97.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €4.1m | €4.7m | €4.0m | €3.9m | ▼ 4.7% |
| Fixed assets21/28 | €1.8m | €2.4m | €3.5m | €3.7m | €3.2m | ▼ 13.7% |
| Tangible fixed assets22/27 | €509,375 | €542,173 | €1.8m | €2.3m | €2.4m | ▲ 4.9% |
| Land and buildings22 | - | €439,361 | €1.5m | €1.5m | €1.4m | ▼ 2.1% |
| Plant, machinery and equipment23 | - | €8,233 | €7,149 | €672,949 | €778,338 | ▲ 15.7% |
| Furniture and vehicles24 | - | €64,236 | €49,639 | €107,259 | €150,083 | ▲ 39.9% |
| Other tangible fixed assets26 | - | €30,343 | €25,950 | €21,557 | €17,164 | ▼ 20.4% |
| Assets under construction and advance payments27 | - | - | €242,271 | €0 | - | - |
| Financial fixed assets28 | €1.3m | €1.8m | €1.7m | €1.4m | €790,021 | ▼ 43.9% |
| Current assets29/58 | €1.6m | €1.7m | €1.2m | €356,003 | €672,997 | ▲ 89.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €443,300 | - |
| Other amounts receivable291 | - | - | - | - | €443,300 | - |
| Stocks and contracts in progress3 | €2,552 | €0 | €1,131 | €1,131 | €1,131 | = |
| Stocks30/36 | - | €0 | €1,131 | €1,131 | €1,131 | = |
| Amounts receivable within one year40/41 | €709,893 | €109,971 | €527,863 | €250,068 | €191,135 | ▼ 23.6% |
| Trade receivables40 | - | €100,667 | €322,363 | €25,848 | €21,861 | ▼ 15.4% |
| Other amounts receivable41 | - | €9,304 | €205,500 | €224,220 | €169,275 | ▼ 24.5% |
| Current investments50/53 | - | €1.6m | - | - | - | - |
| Cash at bank and in hand54/58 | €857,365 | €9,198 | €666,983 | €81,434 | €35,066 | ▼ 56.9% |
| Deferred charges and accrued income490/1 | - | €4,240 | €32,230 | €23,370 | €2,365 | ▼ 89.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €4.1m | €4.7m | €4.0m | €3.9m | ▼ 4.7% |
| Equity10/15 | €2.4m | €3.3m | €3.1m | €3.0m | €2.8m | ▼ 6.6% |
| Contributions10/11 | - | €80,000 | €80,000 | €80,000 | €80,000 | = |
| Reserves13 | €2.3m | €3.2m | €3.2m | €3.2m | €2.7m | ▼ 16.4% |
| Distributable reserves133 | - | €3.2m | €3.2m | €3.2m | €2.7m | ▼ 16.4% |
| Profit (loss) carried forward14 | - | €0 | -€232,728 | -€332,374 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €31,155 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Pensions and similar obligations160 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €991,807 | €794,590 | €1.7m | €1.1m | €1.1m | ▲ 0.8% |
| Amounts payable after more than one year17 | €719,801 | €442,182 | €1.1m | €741,924 | €578,855 | ▼ 22.0% |
| Financial debts170/4 | - | €442,182 | €1.1m | €741,924 | €578,855 | ▼ 22.0% |
| Amounts payable within one year42/48 | €253,282 | €348,609 | €543,623 | €325,834 | €500,892 | ▲ 53.7% |
| Current portion of amounts payable after more than one year42 | - | €84,026 | €112,499 | €112,758 | €63,070 | ▼ 44.1% |
| Trade debts44 | €2,286 | €11,520 | €229,603 | €62,036 | €95,143 | ▲ 53.4% |
| Suppliers440/4 | - | €11,520 | €229,603 | €62,036 | €95,143 | ▲ 53.4% |
| Taxes, remuneration and social security45 | - | €86,915 | €1,383 | €8,758 | €4,458 | ▼ 49.1% |
| Taxes450/3 | - | €84,098 | €1,383 | €8,758 | €4,458 | ▼ 49.1% |
| Remuneration and social security454/9 | - | €2,816 | €0 | - | - | - |
| Other amounts payable47/48 | - | €166,147 | €200,138 | €142,281 | €338,222 | ▲ 138% |
| Accrued charges and deferred income492/3 | - | €3,800 | €3,800 | €3,800 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €998,107 | -€232,728 | -€99,647 | -€197,139 | ▼ 97.8% |
| + Depreciation and write-downs630 | €46,298 | €50,740 | €69,615 | €116,777 | €123,095 | ▲ 5.4% |
| Operating cash flow (approximation) | €1.5m | €1.0m | -€163,113 | €17,130 | -€74,043 | ▼ 532% |
| Investment in fixed assets (approximation) | - | -€572,173 | -€1.2m | -€293,788 | €382,849 | ▲ 230% |
| Change in cash | - | -€848,168 | €657,786 | -€585,549 | -€46,368 | ▲ 92.1% |
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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-05
Financial
Weakest financial yearnet -€232,728
Net result drops to -€232,728, the lowest in the series; recovery starts the following year.
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-05
Financial
Highest result since 2019net €1.4m ▲1,401%
Net result €1.4m, the highest in the series.
31-05
Financial
Liquidity times 11current ratio 6.22
Current ratio from 0.59 to 6.22; short-term debt falls from €361,425 to €253,282.
31-05
Financial
Equity above €2mEq €2.4m ▲141%
3 profitable years in a row build equity to €2.4m.
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 11 days late
2020
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
17-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2016
30-11
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 5 acts read
About the unread acts
We know of 5 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
5 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, Kortrijk · 1 establishment unit since 2004
Ground area
3,612 m²
Building footprint
299 m²
Volume, LiDAR
1,190 m³
Parcel 34033B0083/00W000, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
XEON
since 20042.137.449.834
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34033B0083/00W000 | Flanders | 3,612 m² | 1 · 299 m² | 7.4 m · 1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-05-2025 list no shareholders, and no other source names one.
Holdings 1
-
77%
According to the annual accounts to 31-05-2025 of XEON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 167 EUR awarded · 167 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 167 EUR | 167 EUR |
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 3,609 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
Founded25-05-2004
Fiscal year end31-05
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
46500Wholesale of information and communication equipment
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865437265
Also
9925:BE0865437265
Registered
02-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.