We present a near-IR study of the EXor variable V1118 Ori, performed by following a slightly declining phase after a recent outburst. In particular, the near-IR (0.8 - 2.3 micron) spectrum, obtained for the first time, shows a large variety of emission features of the HI and HeI recombination and CO overtone. By comparing the observed spectrum with a wind model, a mass loss rate value is derived along with other parameters whose values are typical of an accreting T Tauri star. In addition, we have used X-ray data from the XMM archive, taken in two different epochs during the declining phase monitored in IR. X-ray emission (in the range 0.5 - 10 keV) permits to derive several parameters which confirm the T Tauri nature of the source. In the near-IR the object maintains a low visual extinction during all the activity phases, confirming that variable extinction does not contribute to brightness variations. The lack of both a significant amount of circumstellar material and any evidence of IR cooling from collimated jet/outflow driven by the source, indicates that, at least this member of the EXor class, is in a late stage of the Pre-Main Sequence evolution. In the X-ray regime, an evident fading is present, detected in the post-outburst phase, that cannot be reconciled with the presence of any absorbing material. This circumstance, combined with the persistence (in the pre- and post-outburst phases) of a temperature component at about 10 MK, suggests that accretion has some influence in regulating the coronal activity.
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