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Groenen Xavier

Active
Rue des Semailles 35 ·4400 Flémalle, Belgium
Open bankruptcy
KBO/BCE: BE 0832.647.901
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Belgian State Gazette acts: 1 of 7 read
Age15 yrs
Real estate2 parcels · 8,447 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for Groenen Xavier according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €192k and a net result of €5k.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 event
11-04-2025
Bankruptcy Opening
Date: 07-04-2025 · Tribunal de l’entreprise de Liège, division Liège · GROENEN XAVIER SRL RUE DES SEMAILLES 35, 4400 FLEMALLE · Publications in State Gazette ↗

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 30-09-2024 61 d late 2024-00499679
31-12-2022 31-07-2023 01-08-2023 1 d late 2023-00320207
31-12-2021 31-07-2022 01-09-2022 32 d late 2022-20419941
31-12-2020 31-07-2021 03-09-2021 34 d late 2021-66800214
31-12-2019 31-07-2020 31-10-2020 92 d late 2020-68500193
31-12-2018 31-07-2019 31-08-2019 31 d late 2019-62600151
31-12-2017 31-07-2018 09-08-2018 9 d late 2018-45600402
31-12-2016 31-07-2017 06-07-2017 25 d early 2017-28400483
31-12-2015 31-07-2016 17-08-2016 17 d late 2016-44900102
31-12-2014 31-07-2015 27-08-2015 27 d late 2015-51400066

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€5k
Working capital€100k+32.2%
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 30-09-2024 with the NBB · fiscal year 2023 · volledig
€-100k€-50k€0€50kOperating result 2019: €20k€20kNet result 2019: €4k€4kOperating result 2020: €30k€30kNet result 2020: €6k€6kOperating result 2021: €35k€35kNet result 2021: €8k€8kOperating result 2022: €-41k€-41kNet result 2022: €-57k€-57kOperating result 2023: €45k€45kNet result 2023: €5k€5k20192020202120222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 43, Specialised construction · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 20.9% 35.9%
better than 27% of 468 sector peers
Net result €5k €21k
better than 31% of 468 sector peers
Equity €192k €90k
better than 66% of 469 sector peers
Gross operating margin €778k €110k
better than 88% of 439 sector peers
Staff costs €701k €156k
higher than 82% of 310 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P27
2020: P27 · n=2952021: P45 · n=3642022: P33 · n=4322023: P27 · n=4682020 2023
Stable position over 2020-2023 · n=295-468
Net result P31
2020: P37 · n=2952021: P35 · n=3642022: P6 · n=4312023: P31 · n=4682020 2023
Stable position over 2020-2023 · n=295-468
Equity P66
2020: P48 · n=2952021: P71 · n=3642022: P66 · n=4322023: P66 · n=4692020 2023
Stable position over 2020-2023 · n=295-469
Gross operating margin P88
2020: P80 · n=2692021: P84 · n=3402022: P85 · n=4072023: P88 · n=4392020 2023
Stable position over 2020-2023 · n=269-439
Describes the position versus peers, not a forecast.
EBITDA
€66k
- 18-23
Net profit
€5k
- 18-23
Cash flow
€26k
- 18-23
Total assets
€921k
+9.2% 18-23
Equity
€192k
+2.4% 18-23
Working capital
€100k
+32.2% 18-23
Employees (FTE)
12
-2.4% 18-23
Staff costs
€701k
+13.9% 18-23
Show 11 other metrics
Income taxes
€520
0.0% 18-23
Debt
€729k
+11.2% 18-23
Debt ≤ 1y
€649k
+11.4% 18-23
Debt > 1y
€36k
-8.7% 18-23
Current ratio
1.15
+2.2% 18-23
Quick ratio
0.68
-0.2% 18-23
Solvency
20.9%
-6.3% 18-23
Debt / equity
3.79
+8.6% 18-23
ROE
2.8%
- 18-23
ROA
0.6%
- 18-23
Interest coverage
1.60
- 18-23
Figures by fiscal year
Fiscal year2023
Depositvolledig
Revenue-
EBITDA€66k
Net profit€5k
Cash flow€26k
Staff costs€701k
Income taxes€520
Dividends-
Total assets€921k
Equity€192k
Debt€729k
of which ≤ 1y€649k
of which > 1y€36k
Working capital€100k
Employees (FTE)12.1
Ratios (computed)
2023
Current ratio1.15
Quick ratio0.68
Working capital ratio10.9%
Solvency20.9%
Debt / equity3.79
Long-term debt ratio0.19
Interest coverage1.60
Gross margin-
Net margin-
ROA0.6%
ROE2.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€921k
Fixed assets 21/28€168k
Formation expenses 20€3k
Intangible fixed assets 21€0
Tangible fixed assets 22/27€167k
Financial fixed assets 28€605
Current assets 29/58€750k
Stocks & contracts in progress 3€306k
Amounts receivable within one year 40/41€357k
Cash & bank 54/58€52k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€921k
Equity 10/15€192k
Contributions / capital 10/11€9k
Reserves 13€53k
Accumulated profits (losses) 14€0
Amounts payable 17/49€729k
Amounts payable after one year 17€36k
Amounts payable within one year 42/48€649k
Trade debts payable within one year 44€354k
Income statement
Gross operating margin 9900€778k
Operating result 9901€45k
Financial income 75€2k
Financial charges 65€41k
Result before taxes 9903€6k
Income taxes 67/77€520
Net result for the period 9904€5k
Result to be appropriated 9905€5k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

no sitting director
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Former directors (1)
  • Xavier GROENEN
    Director (executive)
    State Gazette act 25012028 (24-01-2025)
    Former
    - → 24-01-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator INGRID VON FRENCKELL
RUE DES AUGUSTINS 32, 4000 LIEGE 1- . 42772 MONITEUR BELGE — 11.04.2025 — BELGISCH STAATSBLAD
 07-04-2025 → present Belgian State Gazette

Legal Structure

NACE primary Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit(43222)
Legal form Private limited company(610)
Incorporation11-01-2011
StatusActive
Postal code4400
First insolvency signal 11-04-2025
Latest insolvency signal 11-04-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
approximate (street level) On OpenStreetMap

Establishment units

1 location
Groenen Xavier
Rue des Semailles 35, 4400 FlémalleBouw van autowegen en andere wegen
since 20112.194.808.805
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area8,447 m²
Buildings2
Building footprint2,692 m²
Volume (LiDAR)23,332 m³
Tallest building11.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62055C0231/00F000 Wallonia 8,135 m² 1 · 2,596 m² 11.4 m · 3 fl.
62073A0258/00R005 Wallonia 312 m² 1 · 96 m² 10.6 m · 3 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
11-04-2025
Bankruptcy Opening
Date: 07-04-2025 · Tribunal de l’entreprise de Liège, division Liège · GROENEN XAVIER SRL RUE DES SEMAILLES 35, 4400 FLEMALLE · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-04-11 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgian State Gazette · acts

1 of 7 acts read

Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026
27-08-2026 Registered office · Resignations & appointments
6 facts
  • General meeting , 2026-03-16
  • Name change , XG Confort
  • Registered-office move , rue Chantraine 158/02, 4420 Saint-Nicolas (Montegnée)
  • Corporate purpose , Installation, entretien et dépannage de chauffage central gaz, mazout et électricité ; Installation de sanitaire et d’égouttage ; Installation de gaz ; Installa…
  • Capital
  • Statutes amendment

Analysis

Financial profile

5 of 5 axes measured
Health0Profitability14Solvency31Growth78Stability0
25 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 14
Solvency 31
Growth 78
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 1,450 of the 9,505 companies in this sector. 1,137 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit43222
Primary activity highlighted.
Names & trade names
Legal nameFR Groenen Xavier
Legal nameFR XG Confort
Registered office
Rue Chantraine 158/02
4420 Saint-Nicolas, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.