XERAM
ActiveSummary
XERAM has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €-54k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 11322 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-84
Solvency95=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 6.88 in 2024; short-term debt: 28.5% and cash: 33.2% of total assets), and 29.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
86 d early
2023
61 d late
2022
24 d late
2021
3 d early
2020
3 d early
2019
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€215k▼ 45.5%
2024 · €394k
2018: €103k
2019: €156k
2020: €211k
2021: €323k
2022: €358k
2023: €326k
2024: €394k
2018 → 2025
Total assets
€305k▼ 45.8%
2024 · €563k
2018: €376k
2019: €397k
2020: €536k
2021: €585k
2022: €694k
2023: €617k
2024: €563k
2018 → 2025
Net result
€-54k
2024 · €68k
2018: €57k
2019: €46k
2020: €65k
2021: €112k
2022: €115k
2023: €68k
2024: €68k
2018 → 2025
Working capital
€193k▼ 42.3%
2024 · €335k
2018: €93k
2019: €132k
2020: €150k
2021: €286k
2022: €325k
2023: €260k
2024: €335k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€323k-€358k▲ 10.8%€326k▼ 8.9%€394k▲ 20.7%€215k▼ 45.5%
Operating result€154k-€159k▲ 2.9%€102k▼ 35.4%€99k▼ 3.8%€-53k
Net result€112k-€115k▲ 2.3%€68k▼ 40.5%€68k▼ 0.9%€-54k
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 turns negative in 2025: a loss of €53k after €99k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305k
Fixed assets
€25k ▼ 85.5%
Current assets
€280k ▼ 28.5%
Equity and liabilities €305k
Equity
€215k ▼ 45.5%
Provisions
€3k ▼ 50.9%
Debt
€87k ▼ 46.5%
Debt's share of the balance-sheet total falls from 28.8% to 28.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-32k▼
2024 · €127k
Cash flow
€-33k▼
2024 · €96k
Current ratio
3.22▼
2024 · 6.88
Quick ratio
2.47▼
2024 · 6.44
Debt to equity
0.40▼
2024 · 0.41
ROE
-25.0%▼
2024 · 17.2%
ROA
-17.6%▼
2024 · 12.0%
Interest coverage
-8.26▼
2024 · 10.06
Debt ≤ 1 year
€87k▲
2024 · €57k
Debt > 1 year
€0▼
2024 · €101k
Income taxes
€132▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€563k€305k▼
Fixed assets21/28€171k€25k▼
Intangible fixed assets21€1k€352▼
Tangible fixed assets22/27€170k€24k▼
Land and buildings22€127k€0▼
Plant, machinery and equipment23€572€360▼
Furniture and vehicles24€43k€24k▼
Current assets29/58€392k€280k▼
Stocks and contracts in progress3€25k€66k▲
Stocks30/36€25k€66k▲
Contracts in progress37€0-
Amounts receivable within one year40/41€118k€112k▼
Trade receivables40€89k€89k▼
Other amounts receivable41€29k€24k▼
Cash at bank and in hand54/58€245k€101k▼
Deferred charges and accrued income490/1€4k€701▼
Equity and liabilities
Total equity and liabilities10/49€563k€305k▼
Equity10/15€394k€215k▼
Contributions10/11€19k€13k▼
Revaluation surpluses12€8k€0▼
Reserves13€368k€202k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€368k€202k▼
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€7k€3k▼
Provisions for liabilities and charges160/5€7k€3k▼
Other liabilities and charges164/5€7k€3k▼
Amounts payable17/49€162k€87k▼
Amounts payable after more than one year17€101k€0▼
Financial debts170/4€101k€0▼
Amounts payable within one year42/48€57k€87k▲
Current portion of amounts payable after more than one year42€15k€685▼
Trade debts44€34k€74k▲
Suppliers440/4€34k€74k▲
Taxes, remuneration and social security45€0€3k▲
Taxes450/3€0€3k▲
Other amounts payable47/48€8k€9k▲
Accrued charges and deferred income492/3€5k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€21k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-8k€-3k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€122k€-33k▼
Operating profit (loss)9901€99k€-53k▼
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€13k€4k▼
Recurring financial charges65€13k€4k▼
Profit (loss) for the period before taxes9903€86k€-54k▼
Income taxes67/77€18k€132▼
Profit (loss) for the period9904€68k€-54k▼
Profit (loss) for the period to be appropriated9905€68k€-54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€-54k▼
Transfer from equity791/2€0€54k▲
Transfer to equity691/2€68k€0▼
To other reserves6921€68k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
25-03
State Gazette act
RestructuringPermanent representative: Bruno POUSEELE · Demerger · Incorporation14 facts ▸
State Gazette act
Restructuring
Permanent representative: Bruno POUSEELE · Demerger · Incorporation14 facts ▸
- General meeting, 12/02/2026
- Demerger
- Incorporation, 12/02/2026
- Net-asset statement, 31/03/2025
- Capital decrease, €125.392,18
- Founding capital, €125.392,18
- Share issue, 186
- Accounting effect, 01/04/2025
- Real estate, 99% van onroerende goederen te Kuurne, Brugsesteenweg 93-95, kadaster sectie B, percelen 945A2, 948K4, 946Y2 / 976AP0000, incl. UNIT 1 (0976AP0050), PARKING 11…
- Power of attorney, SANCTORUM & Co
- Power of attorney, SANCTORUM & Co
- Power of attorney, Kathleen Van den Eynde
- +2 further facts in this act
2025
31-12
Financial
Weakest financial yearnet €-54k ▼179%
Net result drops to €-54k, the lowest in the series.
06-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 6.88
Current ratio from 2.65 to 6.88; short-term debt falls from €157k to €57k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Highest result since 2018net €115k ▲2.3%
Operating result €159k, net result €115k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €211k ▲34.9%
3 profitable years in a row build equity to €211k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Show earlier events
2019
31-12
Financial
Equity above €150kEq €156k ▲52%
2 profitable years in a row build equity to €156k.
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kuurne · 1 establishment unit since 2016
Ground area
6,348 m²
Building footprint
192 m²
Volume, LiDAR
861 m³
Parcel 34023B0976/00A000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XERAM
since 20162.258.872.652
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023B0976/00A000 | Flanders | 6,348 m² | 1 · 192 m² | 6.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Acquisitions and mergers
1 transactionSplit off to:XERAM INVEST
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 25-03-2026 ↗
- Kurt VERSCHEURE
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 25-03-2026 Capital reduction of 125,392.18 EUR · to 254,792.38 EUR
- 25-03-2026 Incorporation · 125,392.18 EUR · 186 shares
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AKDENIZ DECOR CENTER
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Of 169 companies in sector 46835 we hold annual accounts for 114. 77 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46835Wholesale trade
23310Manufacture of other non-metallic mineral products
68121Development of residential building projects
68122Development of non-residential building projects
43331Floor and wall tiling
47523Retail trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.