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XPOWER

Active
Public limited companyfounded 1993active for 32 yearsBrusselsesteenweg 172, 9090 Merelbeke-Melle, BelgiumKBO/BCE: BE 0451.526.090
Summary

The computed 12-month bankruptcy probability of XPOWER is 1.7% (moderate). The 2024 annual accounts show equity of €4.7m and a net result of €842,411. Equity is growing by about 45% per year across the filed financial years. Its solvency ranks better than 66% of 2,797 sector peers (NACE 62, financial year 2024). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.

Directors

Directors
1 director, 1 in day-to-day management, last change in 2025

Board 1

Thibault Jonnaert
Director · since 06-05-2025
Current

Day-to-day management 1

Degran EOOD
Managing director · since 06-05-2025 · Legal entity · permanent representative: ANDY DE GROOTE
Current

Permanent representatives 1

ANDY DE GROOTE
Permanent representative · since 06-05-2025 · for Degran EOOD
Current

Statutory auditor 1

CALLENS VANDELANOTTE
Statutory auditor · since 13-05-2025 · permanent representative: Jan Degryse
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
8 of this company's 11 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2025, 3 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Thibault Jonnaert
  • Director, since before 06-05-2025
Degran EOOD
  • Managing director, since before 06-05-2025
CALLENS VANDELANOTTE
  • Statutory auditor, from 13-05-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Chain of control

  1. Tubo's Hoet Invest consolidates
  2. IMMO - HOET 72.42%
  3. CROWN ENTERPRISES 100%
  4. XPOWER

Highest known parent: Tubo's Hoet Invest. The sources do not say who stands above it.

Owners 2

According to the 2024 annual accounts of XPOWER and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.