Equity
€5.1m ▲ 2.8%
XERXES has made a profit without a break since 2010.
XERXES
Lifetime
19 annual accounts with figures on one time axis, 34 filings since 1991peak €1.7m (2010)
€488,852▲ 15.5%
lowest -€35,408 (2009)
€139,264▼ 16.3%
peak €5.1m (2025)
€5.1m▲ 2.8%
€827,241▲ 92.4%
peak 0 FTE (2023)
0 FTE
Board3 names since 2021
3 directors and 2 others
Documentsfilings and deeds
18-03-202613 days before the deadline
2025abbreviated format
Gross margin from €423,072 to €488,852Debts from €430,014 to €827,241Investments €1.4mCash from €175,585 to €39,337
Key points
from the 2025 annual accountsTurnover
≈ €540,000 estimated
The abbreviated format states no turnover.
Investments
€1.4m 6.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 31.4% higher than in 2024.
Liquidity
0.55 was 2.90 in 2024
Short-term debts rose from €390,336 to €783,393.
Filings
34 annual accounts since 1991
The last five annual accounts were filed 3 to 21 days before the end of the period.
Position in the sector
€5.1m
More equity than 93% of companies in real estate. Sector median €300,015 · 11,302 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as XERXES has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for XERXES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Managing director
Director, since 30-01-2021
Director, since 29-01-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0441911214
Resignations & appointments
General meeting of 12-12-2023 · Gazette deed
Reappointment: (director)
General meeting of 17-02-2022 · Gazette deed
Reappointments: (managing director) and (director)
General meeting of 28-01-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| XERXES Ghent | €6.0m | €488,852 | 84.3% | 0 |
| VELDIMMO Aalter | €6.6m | €408,308 | 63.4% | 0 |
| VANMOBIL Kortemark | €5.0m | €531,204 | 91.1% | 0 |
| MANA Woluwe-Saint-Lambert | €6.0m | €373,694 | 24.4% | 0 |
| BOVAGA Waasmunster | €8.8m | €365,765 | 47.2% | 0 |
| MONTOVALO Maldegem | €7.0m | €586,708 | 25.0% | 0 |
| SANDRA Beveren-Kruibeke-Zwijndrecht | €4.7m | €376,801 | 57.6% | 0 |
These companies have the same main activity as XERXES: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €4.7m and €8.8m, founded between 1985 and 2003.
Official details
Source: KBO- Status
- Active since 03-09-1990Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.049.678.8889280 Lebbeke, since 03-10-1990
- Financial year end
- 31 August
- Peppol
- Reachable since 12-12-2025
Annual accounts to 31-08-2025
- €6.0m▲ 9.6%
- Filing
- Filed on 18-03-2026, 13 days before the end of the filing period
Insights on XERXES
XERXES files the abbreviated format. That format states no turnover. The gross margin rose from €3,025 in 2007 to €488,852 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about XERXES
- What is the company number of XERXES?
- The company number of XERXES is 0441.911.214. The VAT number is the same number with BE in front: BE 0441.911.214.
- Where is XERXES based?
- The registered office is at Industriepark-Drongen 13, 9031 Ghent.Company details
- What does XERXES do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of XERXES?
- XERXES is a public limited company (NV).
- When was XERXES founded?
- XERXES was founded on 03-09-1990.
- Is XERXES still active?
- Yes, XERXES is an active enterprise in the KBO register.
- What is the turnover of XERXES?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €488,852 and 39 comparable companies (NACE 68203). It probably lies between €510,000 and €670,000.Financials
- Is XERXES profitable?
- In financial year 2025, XERXES made a profit of €139,264.
- Where can I find the annual accounts of XERXES?
- XERXES filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of XERXES due?
- XERXES must file the annual accounts for financial year 2026 by 31-03-2027.Timeline
Next steps
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