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 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
XEO PROJECT from Liège, company number BE0834913543, closed financial year 2025 with a result of € -9,497 after tax. For that financial year XEO PROJECT recorded a gross margin of € 1,176 and equity of € -111,010. Compared with financial year 2025, the result moved from € -429,001 to € -9,497. 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 July 31, 2026.
€ -111,010
▼ € 9,497 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,497
▲ 98 % less loss than in 2025
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -436,960.
People and assets in 2025
€ 27,487
▼ 2% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
€ 113,926 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 103,325
▲ 1% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 117,684
▲ 1% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2025 | Change 2025 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 174,373 | € 158,199 | € 42,469 | € 1,176 | ▼ 97% |
| Profit after taxes | € 9,850 | € -9,977 | € -429,001 | € -9,497 | ▲ € 419,504 |
| Equity | € 30,115 | € 20,138 | € -101,513 | € -111,010 | ▼ € 9,497 |
| Total debts | € 1,284,443 | € 1,224,050 | € 1,312,210 | € 1,313,186 | |
| Cash | € 17,938 | - | - | - | |
| Land & buildings | € 1,129,106 | € 885,552 | € 1,161,958 | € 1,159,306 | |
| Retained profit | € 11,515 | € 1,538 | € -427,463 | € -436,960 | ▼ € 9,497 |
| Bank debt | € 1,193,154 | € 1,107,674 | € 1,084,018 | € 1,080,423 | |
| Balance sheet total | € 1,314,558 | € 1,244,188 | € 1,210,697 | € 1,202,176 | ▼ 1% |
Key figures of XEO PROJECT, fiscal years 2023 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 XEO PROJECT?
What happened at XEO PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
XEO PROJECT is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2025: loss of € 429,001. Source: NBB ↗
- Pierre THIRY became a director. NBB
- New establishment in Liège. KBO
- New establishment in Liège. KBO
- Philippe Les became a director. NBB
- Patrice Bauwens became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 9,850 profit in 2023 to € 9,497 loss in 2025.
Paid € 401 in corporate taxes since 2023.
Best year ever: 2023, with € 9,850 profit.
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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 XEO PROJECT are Philippe Les, Pierre THIRY and Patrice Bauwens. Pierre THIRY is also behind PROPLAC, SLP CONSULT HOLDING, Techniques spéciales du Bâtiment HOLDING, LE GLACIER ACHILLE and EUROCONCEPT CONSTRUCT.
Directors
According to the 2025 annual accounts
Philippe Les
Director
since 2011
Pierre THIRY
Liquidator
Also active at: PROPLAC, SLP CONSULT HOLDING, Techniques spéciales du Bâtiment HOLDING, LE GLACIER ACHILLE, EUROCONCEPT CONSTRUCT
since 2025
Patrice Bauwens
Director
since 2011
Establishments
Establishment units
Physical locations of this company
Avenue de l'Indépendance 57
4020 Liège
Avenue de l'Indépendance 53
4020 Liège
Active since 17 June 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0834.913.543
- VAT number
- BE 0834.913.543
- Registered office
- Avenue de l'Indépendance 57, 4020 Liège
- Names & denominations
- XEO PROJECT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 29 March 2011
- Peppol
- Active · Active since 21 Jan 2026
- Activities · NACE
Overige werkzaamheden in verband met de afwerking van gebouwen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Diverse administratieve activiteiten ten behoeve van kantoren