XERES
XERES has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €262k and a net result of €3k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 31061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €262k |
| Net result | €3k |
| Better than sector | 66% |
| Active | 32 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.4% | 55.9% | |
| Net result | €3k | €27k | |
| Equity | €262k | €83k | |
| Gross operating margin | €37k | €53k | |
| Staff costs | €247 | €13k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | -98.6% | - | - |
| EBITDA | -56.9% | +7.7% | +6.3% | +32.3% | - |
| Net profit | -67.8% | +53.7% | +5.2% | - | - |
| Cash flow | -58.4% | +14.9% | +1.4% | - | - |
| Staff costs | +7.1% | -57.6% | -66.2% | - | - |
| Income taxes | +3.7% | +6.8% | -38.0% | - | - |
| Dividends | - | - | - | - | - |
| Total assets | +1545.4% | -41.3% | -34.7% | -25.6% | - |
| Equity | - | +7.0% | +5.9% | +4.5% | - |
| Debt | -21.8% | -15.2% | -14.9% | -12.3% | - |
| of which ≤ 1y | -21.8% | -15.2% | -14.9% | -12.3% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | +23.9% | +15.7% | +13.1% | +10.9% | - |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.04 | 0.01 | 0.00 | 0.02 | 0.04 |
| Quick ratio | 0.04 | 0.01 | 0.00 | 0.02 | 0.04 |
| Working capital ratio | -27.6% | -596.2% | -414.8% | -312.0% | -260.6% |
| Solvency | 71.4% | -501.8% | -316.5% | -219.7% | -171.1% |
| Debt / equity | 0.40 | -1.20 | -1.32 | -1.46 | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 90.98 | 214.44 | 144.55 | 156.09 | - |
| Gross margin | - | - | -10925.3% | -149.1% | - |
| Net margin | - | - | 4264.0% | 56.0% | - |
| ROA | 0.8% | 43.2% | 16.5% | 10.2% | -394.3% |
| ROE | 1.2% | -8.6% | -5.2% | -4.7% | 230.5% |
| EBITDA margin | - | - | 16827.5% | 218.5% | - |
| Days sales outstanding | - | - | - | 30d | - |
| Days payable outstanding | - | - | 45d | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €367k | €22k | €38k | €58k | €78k |
| Fixed assets | 21/28 | €363k | €21k | €37k | €54k | €70k |
| Tangible fixed assets | 22/27 | €363k | €21k | €37k | €54k | €70k |
| Current assets | 29/58 | €4k | €1k | €647 | €5k | €8k |
| Amounts receivable within one year | 40/41 | €44 | - | - | €889 | - |
| Investments | 50/53 | - | - | - | €1k | €1k |
| Cash & bank | 54/58 | €3k | €555 | €647 | €1k | €6k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €367k | €22k | €38k | €58k | €78k |
| Equity | 10/15 | €262k | €-112k | €-120k | €-128k | €-134k |
| Contributions / capital | 10/11 | €543k | €172k | €172k | €172k | - |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-284k | €-287k | €-296k | €-303k | €-309k |
| Amounts payable | 17/49 | €105k | €134k | €158k | €186k | €212k |
| Amounts payable within one year | 42/48 | €105k | €134k | €158k | €186k | €212k |
| Trade debts payable within one year | 44 | €612 | €853 | €2k | - | €2k |
| Income statement | ||||||
| Turnover | 70 | - | - | €147 | €11k | - |
| Gross operating margin | 9900 | €37k | €32k | €30k | €29k | €29k |
| Operating result | 9901 | €4k | €10k | €8k | €7k | €-788 |
| Financial income | 75 | - | €0 | - | - | - |
| Financial charges | 65 | €126 | €124 | €171 | €149 | €552 |
| Result before taxes | 9903 | €4k | €10k | €7k | €7k | €-1k |
| Income taxes | 67/77 | €570 | €550 | €514 | €830 | - |
| Net result for the period | 9904 | €3k | €10k | €6k | €6k | €-1k |
| Result to be appropriated | 9905 | €3k | €10k | €6k | €6k | €-1k |
-
Luc Van den BorreManaging directorState Gazette act 22145191 (09-12-2022)Current09-12-2022 → present
-
Nancy TaildemanNon-statutory directorState Gazette act 22145191 (09-12-2022)Current09-12-2022 → present
-
NV CodexLegal entityNon-statutory director· perm. rep.: Luc Van den BorreState Gazette act 22145191 (09-12-2022)Current09-12-2022 → present
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 29-12-1993 |
| Status | Active |
| Postal code | 9450 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024C1275/00B000 | Flanders | 479 m² | 1 · 299 m² | 8.0 m · 2 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
20-02-2025 Capital increase
- Inbreng in natura · Apport en nature
- 2 kapitaalbewegingen in deze akte
Technical details
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"pub_date": "2025-02-20",
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}03-01-2024 Capital decrease of €6,777,714 to €172,286
- €6.950.000 → €172.286
Technical details
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}09-12-2022 3 directors appointed, 1 reappointed
- Luc Van den Borre, Gedelegeerd bestuurder
- Luc Van den Borre, Niet-statutair bestuurder
- Nancy Taildeman, Niet-statutair bestuurder
- Van den Borre Luc, Bestuurder
Technical details
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}| Legal nameNL | XERES |