XAMADE
ActiveSummary
XAMADE has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €829k and a net result of €110k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+2
Solvency95▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 1.33 in 2024; short-term debt: 7% and cash: 10.4% of total assets), and 30.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
69.7%
Return on assets
9.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
44 d early
2023
34 d early
2022
47 d early
2021
73 d early
2020
46 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€829k▲ 15.3%
2024 · €719k
2018: €318k
2019: €309k▼ -3.1% vs 2018lowest in 8 years
2020: €331k▲ +7.3% vs 2019
2021: €425k▲ +28.5% vs 2020
2022: €524k▲ +23.2% vs 2021
2023: €629k▲ +20.0% vs 2022
2024: €719k▲ +14.3% vs 2023
2025: €829k▲ +15.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.19M▲ 1.1%
2024 · €1.18M
2018: €1.36Mhighest in 8 years
2019: €1.24M▼ -8.9% vs 2018
2020: €1.15M▼ -7.1% vs 2019lowest in 8 years
2021: €1.20M▲ +4.2% vs 2020
2022: €1.23M▲ +2.6% vs 2021
2023: €1.25M▲ +1.4% vs 2022
2024: €1.18M▼ -5.6% vs 2023
2025: €1.19M▲ +1.1% vs 2024
2018 → 2025
Net result
€110k▲ 22.5%
2024 · €90k
2018: €-67klowest in 8 years
2019: €-35k▲ +48.2% vs 2018
2020: €22k▲ +162% vs 2019
2021: €94k▲ +333% vs 2020
2022: €99k▲ +4.5% vs 2021
2023: €105k▲ +6.6% vs 2022
2024: €90k▼ -14.3% vs 2023
2025: €110k▲ +22.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€164k▲ 327%
2024 · €38k
2018: €-306klowest in 8 years
2019: €-247k▲ +19.4% vs 2018
2020: €-208k▲ +15.6% vs 2019
2021: €-143k▲ +31.5% vs 2020
2022: €-66k▲ +54.0% vs 2021
2023: €-38k▲ +41.7% vs 2022
2024: €38k▲ +200% vs 2023
2025: €164k▲ +327% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€425k-€524k▲ 23.2%€629k▲ 20.0%€719k▲ 14.3%€829k▲ 15.3%
2021: €425klowest in 5 years
2022: €524k▲ +23.2% vs 2021
2023: €629k▲ +20.0% vs 2022
2024: €719k▲ +14.3% vs 2023
2025: €829k▲ +15.3% vs 2024highest in 5 years
Operating result€145k-€165k▲ 14.1%€176k▲ 6.4%€157k▼ 10.7%€179k▲ 14.2%
2021: €145klowest in 5 years
2022: €165k▲ +14.1% vs 2021
2023: €176k▲ +6.4% vs 2022
2024: €157k▼ -10.7% vs 2023
2025: €179k▲ +14.2% vs 2024highest in 5 years
Net result€94k-€99k▲ 4.5%€105k▲ 6.6%€90k▼ 14.3%€110k▲ 22.5%
2021: €94k
2022: €99k▲ +4.5% vs 2021
2023: €105k▲ +6.6% vs 2022
2024: €90k▼ -14.3% vs 2023lowest in 5 years
2025: €110k▲ +22.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€942k ▼ 7.6%
Current assets
€247k ▲ 57.9%
Equity and liabilities €1.19M
Equity
€829k ▲ 15.3%
Provisions
€26k ▼ 5.5%
Debt
€334k ▼ 22.4%
Debt's share of the balance-sheet total falls from 36.5% to 28.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€262k▲
2024 · €239k
Cash flow
€193k▲
2024 · €172k
Current ratio
2.98▲
2024 · 1.33
Debt to equity
0.40▼
2024 · 0.60
ROE
13.3%▲
2024 · 12.5%
ROA
9.3%▲
2024 · 7.7%
Interest coverage
12.77▲
2024 · 8.88
Debt ≤ 1 year
€83k▼
2024 · €118k
Debt > 1 year
€234k▼
2024 · €290k
Income taxes
€50k▲
2024 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€1.19M▲
Fixed assets21/28€1.02M€942k▼
Tangible fixed assets22/27€1.02M€942k▼
Land and buildings22€945k€890k▼
Plant, machinery and equipment23€18k€21k▲
Furniture and vehicles24€57k€32k▼
Current assets29/58€156k€247k▲
Amounts receivable within one year40/41€146k€122k▼
Trade receivables40€145k€122k▼
Other amounts receivable41€566€630▲
Cash at bank and in hand54/58€6k€124k▲
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.19M▲
Equity10/15€719k€829k▲
Contributions10/11€291k€291k=
Reserves13€428k€538k▲
Tax-exempt reserves132€112k€105k▼
Distributable reserves133€317k€433k▲
Provisions and deferred taxes16€28k€26k▼
Deferred taxes168€28k€26k▼
Amounts payable17/49€430k€334k▼
Amounts payable after more than one year17€290k€234k▼
Financial debts170/4€290k€234k▼
Amounts payable within one year42/48€118k€83k▼
Current portion of amounts payable after more than one year42€47k€15k▼
Financial debts43€33k€17k▼
Credit institutions430/8€33k€17k▼
Trade debts44€10k€6k▼
Suppliers440/4€10k€6k▼
Taxes, remuneration and social security45€20k€39k▲
Taxes450/3€20k€39k▲
Other amounts payable47/48€6k€6k▼
Accrued charges and deferred income492/3€22k€17k▼
Income statement
Code20242025
Non-recurring operating income76A€0€2k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€82k€83k▲
Other operating charges640/8€10k€8k▼
Gross operating margin9900€250k€270k▲
Operating profit (loss)9901€157k€179k▲
Financial income75/76B€40€0▼
Recurring financial income75€40€0▼
Financial charges65/66B€27k€21k▼
Recurring financial charges65€27k€21k▼
Profit (loss) for the period before taxes9903€130k€159k▲
Transfer from deferred taxes780€2k€2k=
Income taxes67/77€42k€50k▲
Profit (loss) for the period9904€90k€110k▲
Transfer from tax-exempt reserves789€6k€6k=
Profit (loss) for the period to be appropriated9905€96k€116k▲
Appropriation of the result
Profit (loss) to be appropriated9906€96k€116k▲
Transfer to equity691/2€96k€116k▲
To other reserves6921€96k€116k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €1k | €0 | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €71k | €73k | €75k | €82k | €83k | ▲ 0.6% |
| Other operating charges640/8 | €8k | €9k | €12k | €10k | €8k | ▼ 25.9% |
| Gross operating margin9900 | €224k | €246k | €264k | €250k | €270k | ▲ 8.0% |
| Operating profit (loss)9901 | €145k | €165k | €176k | €157k | €179k | ▲ 14.2% |
| Financial income75/76B | €5k | €1k | €8 | €40 | €0 | ▼ 100.0% |
| Recurring financial income75 | €25 | €1k | €8 | €40 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | €5k | €0 | - | - | - | - |
| Financial charges65/66B | €23k | €20k | €22k | €27k | €21k | ▼ 23.8% |
| Recurring financial charges65 | €23k | €20k | €22k | €27k | €21k | ▼ 23.8% |
| Profit (loss) for the period before taxes9903 | €127k | €146k | €154k | €130k | €159k | ▲ 22.0% |
| Transfer from deferred taxes780 | €2k | €2k | €2k | €2k | €2k | = |
| Income taxes67/77 | €34k | €49k | €50k | €42k | €50k | ▲ 20.2% |
| Profit (loss) for the period9904 | €94k | €99k | €105k | €90k | €110k | ▲ 22.5% |
| Transfer from tax-exempt reserves789 | €18k | €6k | €6k | €6k | €6k | = |
| Profit (loss) for the period to be appropriated9905 | €113k | €105k | €111k | €96k | €116k | ▲ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.20M | €1.23M | €1.25M | €1.18M | €1.19M | ▲ 1.1% |
| Fixed assets21/28 | €1.15M | €1.09M | €1.08M | €1.02M | €942k | ▼ 7.6% |
| Tangible fixed assets22/27 | €1.15M | €1.09M | €1.08M | €1.02M | €942k | ▼ 7.6% |
| Land and buildings22 | €1.08M | €1.03M | €998k | €945k | €890k | ▼ 5.8% |
| Plant, machinery and equipment23 | €7k | €6k | €6k | €18k | €21k | ▲ 14.5% |
| Furniture and vehicles24 | €60k | €48k | €80k | €57k | €32k | ▼ 44.2% |
| Current assets29/58 | €48k | €142k | €163k | €156k | €247k | ▲ 57.9% |
| Amounts receivable within one year40/41 | €43k | €128k | €153k | €146k | €122k | ▼ 16.3% |
| Trade receivables40 | €43k | €128k | €153k | €145k | €122k | ▼ 16.4% |
| Other amounts receivable41 | - | - | - | €566 | €630 | ▲ 11.3% |
| Cash at bank and in hand54/58 | €6k | €9k | €8k | €6k | €124k | ▲ 2,094% |
| Deferred charges and accrued income490/1 | €0 | €5k | €1k | €5k | €1k | ▼ 72.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.20M | €1.23M | €1.25M | €1.18M | €1.19M | ▲ 1.1% |
| Equity10/15 | €425k | €524k | €629k | €719k | €829k | ▲ 15.3% |
| Contributions10/11 | €291k | €291k | €291k | €291k | €291k | = |
| Reserves13 | €153k | €233k | €338k | €428k | €538k | ▲ 25.8% |
| Non-distributable reserves130/1 | €20k | €20k | €0 | - | - | - |
| Other1319 | €20k | €20k | €0 | - | - | - |
| Tax-exempt reserves132 | €130k | €124k | €118k | €112k | €105k | ▼ 5.5% |
| Distributable reserves133 | €4k | €89k | €220k | €317k | €433k | ▲ 36.8% |
| Profit (loss) carried forward14 | €-19k | €0 | - | - | - | - |
| Provisions and deferred taxes16 | €32k | €31k | €29k | €28k | €26k | ▼ 5.5% |
| Deferred taxes168 | €32k | €31k | €29k | €28k | €26k | ▼ 5.5% |
| Amounts payable17/49 | €741k | €674k | €588k | €430k | €334k | ▼ 22.4% |
| Amounts payable after more than one year17 | €532k | €453k | €370k | €290k | €234k | ▼ 19.2% |
| Financial debts170/4 | €532k | €453k | €370k | €290k | €234k | ▼ 19.2% |
| Amounts payable within one year42/48 | €191k | €207k | €201k | €118k | €83k | ▼ 29.8% |
| Current portion of amounts payable after more than one year42 | €47k | €47k | €47k | €47k | €15k | ▼ 68.8% |
| Financial debts43 | €83k | €67k | €50k | €33k | €17k | ▼ 50.0% |
| Credit institutions430/8 | €83k | €67k | €50k | €33k | €17k | ▼ 50.0% |
| Trade debts44 | €7k | €21k | €30k | €10k | €6k | ▼ 38.5% |
| Suppliers440/4 | €7k | €21k | €30k | €10k | €6k | ▼ 38.5% |
| Taxes, remuneration and social security45 | €47k | €69k | €68k | €20k | €39k | ▲ 89.4% |
| Taxes450/3 | €47k | €69k | €68k | €20k | €39k | ▲ 89.4% |
| Other amounts payable47/48 | €8k | €4k | €6k | €6k | €6k | ▼ 2.0% |
| Accrued charges and deferred income492/3 | €17k | €14k | €17k | €22k | €17k | ▼ 23.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €94k | €99k | €105k | €90k | €110k | ▲ 22.5% |
| + Depreciation and write-downs630 | €71k | €73k | €75k | €82k | €83k | ▲ 0.6% |
| Operating cash flow (approximation) | €166k | €171k | €181k | €172k | €193k | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | €-10k | €-72k | €-19k | €-5k | ▲ 73.5% |
| Change in cash | - | €3k | €-278 | €-3k | €118k | ▲ 4,562% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €110k ▲22.5%
Operating result €179k, net result €110k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.98
Current ratio from 1.33 to 2.98; short-term debt falls from €118k to €83k.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500kEq €524k ▲23.2%
3 profitable years in a row build equity to €524k.
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1999
Ground area
178 m²
Building footprint
178 m²
Volume, LiDAR
1,266 m³
Parcel 44002B0074/00Y000, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Afsneedorp 14, 9051 Gent
since 19992.091.761.844
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44002B0074/00Y000 | Flanders | 178 m² | 1 · 178 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,847 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.