XPOWER
ActiveXPOWER has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.65M and a net result of €842k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 2822 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
100
/ 100
Excellent= vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▼-7
Solvency91=
Growth77▼-1
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €470k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.8 in 2023), and 41.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
58.8%
Return on assets
10.7%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-03-2026, 231 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
231 d late
2023
69 d late
2022
74 d late
2021
80 d late
2020
83 d late
2019
124 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€9.60M▲ 12.3%
2023 · €8.55M
2021: €6.66M
2022: €7.33M
2023: €8.55M
2021 → 2024
EBIT margin
11.2%▼ 1.1pp
2023 · 12.4%
2021: 13.7%
2022: 13.8%
2023: 12.4%
2021 → 2024
Net result
€842k▼ 11.0%
2023 · €946k
2018: €30k
2019: €41k
2020: €780k
2021: €867k
2022: €948k
2023: €946k
2018 → 2024
Working capital
€1.86M▼ 18.2%
2023 · €2.28M
2018: €-684k
2019: €-683k
2020: €97k
2021: €489k
2022: €1.81M
2023: €2.28M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€6.66M€7.33M▲ 10.1%€8.55M▲ 16.6%€9.60M▲ 12.3%
Equity€1.05M-€1.91M▲ 82.9%€2.86M▲ 49.6%€3.81M▲ 33.1%€4.65M▲ 22.1%
Operating result€851k-€915k▲ 7.5%€1.01M▲ 10.8%€1.06M▲ 4.2%€1.08M▲ 2.0%
Net result€780k-€867k▲ 11.3%€948k▲ 9.3%€946k▼ 0.2%€842k▼ 11.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 2% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.91M
Fixed assets
€3.28M▲ 50.6%
Current assets
€4.63M▼ 10.0%
Equity and liabilities €7.91M
Equity
€4.65M▲ 22.1%
Debt
€3.26M▼ 7.2%
The debt ratio falls from 48.0% to 41.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€1.88M▲
2023 · €1.77M
Cash flow
€1.64M▼
2023 · €1.66M
Solvency
58.8%▲
2023 · 52.0%
Current ratio
1.67▼
2023 · 1.80
Quick ratio
1.66▼
2023 · 1.77
Debt / equity
0.70▼
2023 · 0.92
ROE
18.1%▼
2023 · 24.9%
ROA
10.7%▼
2023 · 12.9%
Interest coverage
7.88▼
2023 · 15.97
Debt
€3.26M▼
2023 · €3.51M
Debt ≤ 1 year
€2.77M▼
2023 · €2.86M
Debt > 1 year
€47k▼
2023 · €87k
Staff costs
€3.75M▲
2023 · €3.48M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€7.32M€7.91M▲
Fixed assets21/28€2.18M€3.28M▲
Intangible fixed assets21€2.06M€2.13M▲
Tangible fixed assets22/27€103k€56k▼
Plant, machinery and equipment23€5k€5k=
Furniture and vehicles24€98k€51k▼
Financial fixed assets28€15k€1.10M▲
Current assets29/58€5.14M€4.63M▼
Stocks and contracts in progress3€65k€33k▼
Stocks30/36€65k€33k▼
Amounts receivable within one year40/41€4.76M€4.08M▼
Trade receivables40€1.81M€2.24M▲
Other amounts receivable41€2.95M€1.84M▼
Cash at bank and in hand54/58€265k€251k▼
Deferred charges and accrued income490/1€49k€262k▲
Equity and liabilities
Total equity and liabilities10/49€7.32M€7.91M▲
Equity10/15€3.81M€4.65M▲
Contributions10/11€80k€80k=
Capital10€80k€80k=
Issued capital100€80k€80k=
Reserves13€3.73M€4.57M▲
Non-distributable reserves130/1€11k€8k▼
Legal reserve130€8k€8k=
Own shares acquired1312€3k-
Distributable reserves133€3.72M€4.56M▲
Amounts payable17/49€3.51M€3.26M▼
Amounts payable after more than one year17€87k€47k▼
Financial debts170/4€87k€47k▼
Amounts payable within one year42/48€2.86M€2.77M▼
Current portion of amounts payable after more than one year42€789k€40k▼
Financial debts43-€913k
Credit institutions430/8-€913k
Trade debts44€1.10M€821k▼
Suppliers440/4€1.10M€821k▼
Taxes, remuneration and social security45€779k€838k▲
Taxes450/3€427k€304k▼
Remuneration and social security454/9€351k€534k▲
Other amounts payable47/48€200k€155k▼
Accrued charges and deferred income492/3€560k€444k▼
Income statement
Code20232024
Turnover70€8.55M€9.60M▲
Goods, raw materials, services and sundry goods60/61€4.23M€4.88M▲
Remuneration, social security and pensions62€3.48M€3.75M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€713k€799k▲
Other operating charges640/8€267k€278k▲
Gross operating margin9900€5.52M€5.90M▲
Operating profit (loss)9901€1.06M€1.08M▲
Financial income75/76B€749€3k▲
Recurring financial income75€749€3k▲
Financial charges65/66B€111k€238k▲
Recurring financial charges65€111k€238k▲
Profit (loss) for the period before taxes9903€946k€842k▼
Profit (loss) for the period9904€946k€842k▼
Profit (loss) for the period to be appropriated9905€946k€842k▼
Appropriation of the result
Profit (loss) to be appropriated9906€946k€842k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€946k€845k▼
To other reserves6921€946k€845k▼
Social balance
Average headcount (FTE)908741.744.8▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 231 days late
2024
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 74 days late
2022
31-12
Financial
Highest result since 2018net €948k ▲9.3%
Net result €948k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.86M ▲49.6%
5 profitable years in a row build equity to €2.86M.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 80 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 83 days late
2020
31-12
Financial
Equity above €1MEq €1.05M ▲292%
3 profitable years in a row build equity to €1.05M.
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 124 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 63 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-10-2020
Ivo Miguel Da Quinta Anastacio: Resigned as Managing director
30-12-2017
RAINBOW FOCUS BV: Resigned as Director
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 1729090 Merelbeke-MelleGround area
388 m²
Building footprint
168 m²
Volume, LiDAR
805 m³
Parcel 44402B0160/02A002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XPOWER NV
since 19942.065.077.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44402B0160/02A002 | Flanders | 388 m² | 1 · 168 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 9,973 EUR awarded · 9,973 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,847 EUR | 4,847 EUR |
| 2024 | 1 | 3,673 EUR | 3,673 EUR |
| 2023 | 1 | 44 EUR | 44 EUR |
| 2022 | 1 | 1,409 EUR | 1,409 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Cohesity Belgium
BE 0607.976.994
Machelen (Brab.) · Eq €4.69M
GLORY GLOBAL SOLUTIONS (BELGIUM)
BE 0474.337.720
Dilbeek · Eq €4.60M
SAGI
BE 0418.765.529
Ans · Eq €4.76M
BAUSCH DATACOM
BE 0437.286.193
Bierbeek · Eq €4.80M
WireWave
BE 0647.722.250
Beerse · Eq €4.46M
Of 2,119 companies in sector 46500 we hold annual accounts for 1,399. 462 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-12-1993
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46510Wholesale trade
51840
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:09/353.90.20