Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
XL Project from Elsene, company number BE0598826629, closed financial year 2025 with a result of € 32,031 after tax. For that financial year XL Project recorded a gross margin of € 218,995 and equity of € -111,501. Compared with financial year 2024, the result moved from € 2,631 to € 32,031. Profitable, and profit is growing. 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 29, 2026.
€ -111,501
▲ € 32,031 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32,031
▲ € 29,400 vs 2024
Profit after tax over the fiscal year.
€ 61,038
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -311,501.
People and assets in 2025
€ 237
▼ 55% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▼ 6% vs 2024
€ 147,809 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 60,009
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 134,303 | € 172,064 | € 190,168 | € 218,995 | ▲ 15% |
| Profit after taxes | € -55,181 | € -25,916 | € 2,631 | € 32,031 | ▲ € 29,400 |
| Equity | € -120,246 | € -146,162 | € -143,531 | € -111,501 | ▲ € 32,031 |
| Total debts | € 5,034,543 | € 4,897,683 | € 4,735,728 | € 4,591,561 | ▼ 3% |
| Cash | € 110,378 | € 74,285 | € 47,327 | € 61,038 | ▲ 29% |
| Land & buildings | € 4,748,254 | € 4,637,750 | € 4,520,424 | € 4,399,533 | ▼ 3% |
| Retained profit | € -320,246 | € -346,162 | € -343,531 | € -311,501 | ▲ € 32,031 |
| Bank debt | € 2,834,114 | € 2,695,587 | € 2,554,033 | € 2,409,375 | ▼ 6% |
| Balance sheet total | € 4,914,296 | € 4,751,521 | € 4,592,196 | € 4,480,061 | ▼ 2% |
Key figures of XL Project, 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 XL Project?
What happened at XL Project in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32,031 (▲ € 29,400 vs 2024). filed late Source: NBB ↗
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,181 loss in 2022 to € 32,031 profit in 2025.
Best year ever: 2025, with € 32,031 profit.
A new publication or filing at XL Project? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind XL Project are Aurèle de Mérode and Amaury de Mérode. Amaury de Mérode is also behind Résidence Saint-Georges, CAMBRE and GILLION PARTNERS.
Directors
According to the 2025 annual accounts
Aurèle de Mérode
Director
Establishments
Establishment units
Physical locations of this company
Louizalaan 283 box 21
1050 Elsene
Sint-Denijsstraat 132
1190 Vorst
Active since 20 February 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 companies are registered at this address.
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AMIS DE L'UNIVERSITE BEN GURION - DE VRIENDEN VAN DE BEN GURION UNIVERSITEIT
+43 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0598.826.629
- VAT number
- BE 0598.826.629
- Registered office
- Louizalaan 283 bus 21, 1050 Elsene
- Names & denominations
- XL Project
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2015
- Peppol
- Active · Active since 12 Jan 2026