Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
XAX from Oudergem, company number BE0480198104, closed financial year 2025 with a result of € -34,621 after tax. For that financial year XAX recorded a gross margin of € -66 and equity of € -293,924. Compared with financial year 2024, the result moved from € -38,530 to € -34,621. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 11, 2026.
€ -293,924
▼ € 34,621 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,621
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 619
▲ 69% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -355,424.
Debts at end 2025
€ 750,000
Loans from banks and other lenders, long and short.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -196 | € -184 | € -184 | € -66 | ▲ € 118 |
| Profit after taxes | € -15,550 | € -37,553 | € -38,530 | € -34,621 | ▲ € 3,909 |
| Equity | € -183,219 | € -220,773 | € -259,303 | € -293,924 | ▼ € 34,621 |
| Total debts | € 750,348 | € 750,814 | € 750,000 | € 750,000 | |
| Cash | € 213 | € 159 | € 365 | € 619 | ▲ 69% |
| Land & buildings | € 426,245 | € 426,245 | € 426,245 | € 426,245 | |
| Retained profit | € -244,719 | € -282,273 | € -320,803 | € -355,424 | ▼ € 34,621 |
| Bank debt | € 750,000 | € 750,000 | € 750,000 | € 750,000 | |
| Balance sheet total | € 567,128 | € 530,041 | € 490,697 | € 456,076 | ▼ 7% |
Key figures of XAX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to XAX?
What happened at XAX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frédéric De Conynck stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34,621. filed late Source: NBB ↗
- Frédéric De Conynck became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Genappe. KBO
In short
From € 15,550 loss in 2022 to € 34,621 loss in 2025.
Management
Directors
According to the 2025 annual accounts
Frédéric De Conynck
Managing director
Also active at: ELITE CONSULTING, KNOW HOW, Summit Capital, SAMARKAND PROPERTIES, DE CONYNCK MANAGEMENT SERVICES, SBDEGROIDE MANAGEMENT, ELITE PROPERTIES
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Papedelle 36/10
1160 Oudergem
Drève Nantaise 7
1470 Genappe
Active since 25 April 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0480.198.104
- VAT number
- BE 0480.198.104
- Registered office
- Papedelle 36/10, 1160 Oudergem
- Names & denominations
- XAX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2003
- Peppol
- Active · Active since 5 Feb 2026