XEY
ActiveSummary
XEY has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €222,113 and a net result of €5,084. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 22.61 against 11.12 in 2024; short-term debt: 4% and cash: 15.6% of total assets), and 4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
96%
Return on assets
2.2%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-10-2025, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
23 d early
2023
4 d early
2022
4 d early
2021
9 d early
2020
11 d early
2019
1 d early
← 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 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 22 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€222,113▲ 2.3%
2024 · €217,029
Total assets
€231,413▼ 5.8%
2024 · €245,582
Net result
€5,084▼ 61.3%
2024 · €13,134
Working capital
€199,710▲ 0.1%
2024 · €199,573
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,577▲ 27.8%€19,276▼ 10.7%€43,545▲ 126%€20,017▼ 54.0%€8,438▼ 57.8%
Net result€18,894within the sector's middle half▲ 41.1%€18,199within the sector's middle half▼ 3.7%€29,085within the sector's middle half▲ 59.8%€13,134within the sector's middle half▼ 54.8%€5,084within the sector's middle half▼ 61.3%
Equity€156,612within the sector's middle half▲ 13.7%€174,811within the sector's middle half▲ 11.6%€203,895within the sector's middle half▲ 16.6%€217,029within the sector's middle half▲ 6.4%€222,113within the sector's middle half▲ 2.3%
Total assets€172,008within the sector's middle half▼ 1.8%€237,933within the sector's middle half▲ 38.3%€248,981within the sector's middle half▲ 4.6%€245,582within the sector's middle half▼ 1.4%€231,413within the sector's middle half▼ 5.8%
Debt€15,397▼ 58.9%€63,123▲ 310%€45,086▼ 28.6%€28,553▼ 36.7%€9,300▼ 67.4%
Working capital€150,495above the sector's middle half▲ 17.9%€155,513above the sector's middle half▲ 3.3%€185,101above the sector's middle half▲ 19.0%€199,573above the sector's middle half▲ 7.8%€199,710above the sector's middle half▲ 0.1%
Solvency91.0%above the sector's middle half▲ 12.4pp73.5%within the sector's middle half▼ 17.6pp81.9%above the sector's middle half▲ 8.4pp88.4%above the sector's middle half▲ 6.5pp96.0%above the sector's middle half▲ 7.6pp
Current ratio11.06above the sector's middle half▲ 6.057.29above the sector's middle half▼ 3.769.68above the sector's middle half▲ 2.3911.12above the sector's middle half▲ 1.4422.61above the sector's middle half▲ 11.49
Return on assets (ROA)11.0%within the sector's middle half▲ 3.3pp7.6%within the sector's middle half▼ 3.3pp11.7%within the sector's middle half▲ 4.0pp5.3%within the sector's middle half▼ 6.3pp2.2%within the sector's middle half▼ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 58% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231,413
Fixed assets
€22,462 ▼ 14.6%
Current assets
€208,950 ▼ 4.7%
Equity and liabilities €231,413
Equity
€222,113 ▲ 2.3%
Debt
€9,300 ▼ 67.4%
Debt's share of the balance-sheet total falls from 11.6% to 4.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,866▼
2024 · €36,282
Cash flow
€21,511▼
2024 · €29,399
Debt to equity
0.04▼
2024 · 0.13
ROE
2.3%▼
2024 · 6.1%
Interest coverage
10.14▼
2024 · 22.74
Debt ≤ 1 year
€9,240▼
2024 · €19,714
Income taxes
€3,798▼
2024 · €7,922
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 17,040 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 | - | €13,223 | - | - | €36,269 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,337 | €7,538 | €16,653 | €16,265 | €16,428 | ▲ 1.0% |
| Other operating charges640/8 | - | €1,036 | €806 | €360 | €533 | ▲ 48.1% |
| Gross operating margin9900 | €35,337 | €27,850 | €61,004 | €36,642 | €25,398 | ▼ 30.7% |
| Operating profit (loss)9901 | €21,577 | €19,276 | €43,545 | €20,017 | €8,438 | ▼ 57.8% |
| Financial income75/76B | - | €4,053 | €2,635 | €2,634 | €2,897 | ▲ 10.0% |
| Recurring financial income75 | €6,762 | €4,053 | €2,635 | €2,634 | €2,897 | ▲ 10.0% |
| Financial charges65/66B | - | €751 | €1,205 | €1,595 | €2,453 | ▲ 53.8% |
| Recurring financial charges65 | €477 | €751 | €1,205 | €1,595 | €2,453 | ▲ 53.8% |
| Profit (loss) for the period before taxes9903 | €27,862 | €22,578 | €44,976 | €21,056 | €8,882 | ▼ 57.8% |
| Income taxes67/77 | €8,968 | €4,379 | €15,891 | €7,922 | €3,798 | ▼ 52.1% |
| Profit (loss) for the period9904 | €18,894 | €18,199 | €29,085 | €13,134 | €5,084 | ▼ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €21,838 | €18,199 | €29,085 | €13,134 | €5,084 | ▼ 61.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,008 | €237,933 | €248,981 | €245,582 | €231,413 | ▼ 5.8% |
| Fixed assets21/28 | €6,549 | €57,712 | €42,559 | €26,294 | €22,462 | ▼ 14.6% |
| Tangible fixed assets22/27 | €6,549 | €57,712 | €42,559 | €26,294 | €22,462 | ▼ 14.6% |
| Land and buildings22 | - | €1,856 | €1,238 | €619 | €9,930 | ▲ 1,505% |
| Plant, machinery and equipment23 | - | €1,252 | €2,263 | €1,632 | €3,165 | ▲ 93.9% |
| Furniture and vehicles24 | - | €54,604 | €39,059 | €24,043 | €9,368 | ▼ 61.0% |
| Current assets29/58 | €165,459 | €180,221 | €206,422 | €219,288 | €208,950 | ▼ 4.7% |
| Amounts receivable after more than one year29 | - | €45,607 | €45,607 | €40,607 | €40,607 | = |
| Trade receivables290 | - | €45,607 | €45,607 | €40,607 | €40,607 | = |
| Amounts receivable within one year40/41 | €103,713 | €74,716 | €65,141 | €75,147 | €69,087 | ▼ 8.1% |
| Trade receivables40 | - | €17,182 | €5,082 | €9,922 | €5,082 | ▼ 48.8% |
| Other amounts receivable41 | - | €57,534 | €60,059 | €65,225 | €64,005 | ▼ 1.9% |
| Current investments50/53 | - | - | - | €60,000 | €60,000 | = |
| Cash at bank and in hand54/58 | €12,310 | €57,696 | €93,488 | €30,219 | €36,076 | ▲ 19.4% |
| Deferred charges and accrued income490/1 | - | €2,202 | €2,185 | €13,314 | €3,179 | ▼ 76.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,008 | €237,933 | €248,981 | €245,582 | €231,413 | ▼ 5.8% |
| Equity10/15 | €156,612 | €174,811 | €203,895 | €217,029 | €222,113 | ▲ 2.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €150,412 | €168,611 | €197,695 | €210,829 | €215,913 | ▲ 2.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €166,751 | €195,835 | €210,829 | €215,913 | ▲ 2.4% |
| Amounts payable17/49 | €15,397 | €63,123 | €45,086 | €28,553 | €9,300 | ▼ 67.4% |
| Amounts payable after more than one year17 | €432 | €38,414 | €23,765 | €8,838 | - | - |
| Financial debts170/4 | - | €38,414 | €23,765 | €8,838 | - | - |
| Amounts payable within one year42/48 | €14,964 | €24,708 | €21,320 | €19,714 | €9,240 | ▼ 53.1% |
| Current portion of amounts payable after more than one year42 | - | €14,808 | €14,649 | €14,927 | €8,838 | ▼ 40.8% |
| Trade debts44 | €2,539 | €3,735 | €3,183 | €4,111 | €402 | ▼ 90.2% |
| Suppliers440/4 | - | €3,735 | €3,183 | €4,111 | €402 | ▼ 90.2% |
| Taxes, remuneration and social security45 | - | €6,165 | €3,489 | €676 | - | - |
| Taxes450/3 | - | €4,165 | €3,489 | €676 | - | - |
| Remuneration and social security454/9 | - | €2,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €60 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,894 | €18,199 | €29,085 | €13,134 | €5,084 | ▼ 61.3% |
| + Depreciation and write-downs630 | €13,337 | €7,538 | €16,653 | €16,265 | €16,428 | ▲ 1.0% |
| Operating cash flow (approximation) | €32,231 | €25,737 | €45,738 | €29,399 | €21,511 | ▼ 26.8% |
| Investment in fixed assets (approximation) | - | -€58,701 | -€1,501 | €0 | -€12,596 | - |
| Change in cash | - | €45,386 | €35,792 | -€63,268 | €5,857 | ▲ 109% |
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
16-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 22.61
Current ratio from 11.12 to 22.61; short-term debt falls from €19,714 to €9,240.
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Highest result since 2019net €29,085 ▲59.8%
Operating result €43,545, net result €29,085, both a record.
31-03
Financial
Equity above €200,000Eq €203,895 ▲16.6%
4 profitable years in a row build equity to €203,895.
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 11.06
Current ratio from 5.00 to 11.06; short-term debt falls from €31,886 to €14,964.
31-03
Financial
Equity above €150,000Eq €156,612 ▲13.7%
2 profitable years in a row build equity to €156,612.
2020
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €13,388
Net result €13,388 after one loss-making year.
Show earlier events
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-10
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 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Landen · 1 establishment unit since 2003
Ground area
2,846 m²
Building footprint
132 m²
Volume, LiDAR
932 m³
Parcel 24118A0413/00B000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XEY
since 20032.135.010.976
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24118A0413/00B000 | Flanders | 2,846 m² | 1 · 132 m² | 9.8 m · 2 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.
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 39,440 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded16-12-2003
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
82990Other business support services
82100Office administrative and support services
Contact
Phone
011 680 780Landen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862223793
Also
9925:BE0862223793
Registered
03-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.