Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Late annual account NBB
Fiscal year 2024 was filed 231 days after the legal deadline.
Financials
Financial year 2024
XPOWER from Merelbeke-Melle, company number BE0451526090, closed financial year 2024 with a result of € 842,411 after tax. For that financial year XPOWER recorded revenue of € 9.6 million and equity of € 4.7 million. Compared with financial year 2023, the result moved from € 946,493 to € 842,411. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 19, 2026.
€ 4.7 million
▲ 22% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 842,411
▼ 11% vs 2023
Profit after tax over the fiscal year.
€ 250,541
▼ 6% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 4.6 million.
People and assets in 2024
44.8
▲ 3.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.7 million
▲ 8% vs 2023
€ 83,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 51,208
▼ 47% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 999,388
▲ 14% vs 2023
€ 40,000 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 820,956
▼ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 838,074
▲ 8% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 6,657,647 | € 7,330,492 | € 8,545,416 | € 9,598,188 | ▲ 12% |
| Gross margin | € 4,319,825 | € 4,704,250 | € 5,516,704 | € 5,902,062 | ▲ 7% |
| Profit after taxes | € 867,471 | € 948,311 | € 946,493 | € 842,411 | ▼ 11% |
| Equity | € 1,913,705 | € 2,862,016 | € 3,808,509 | € 4,650,921 | ▲ 22% |
| Total debts | € 2,311,214 | € 2,852,206 | € 3,511,641 | € 3,257,551 | ▼ 7% |
| Cash | € 137,017 | € 333,225 | € 265,478 | € 250,541 | ▼ 6% |
| Retained profit | € 1,833,705 | € 2,782,016 | € 3,728,509 | € 4,570,921 | ▲ 23% |
| Bank debt | € 856,061 | € 907,236 | € 875,274 | € 999,388 | ▲ 14% |
| Balance sheet total | € 4,224,919 | € 5,714,222 | € 7,320,150 | € 7,908,472 | ▲ 8% |
| Employees (FTE) | 36.7 | 38.5 | 41.7 | 44.8 | ▲ 3.1 |
Key figures of XPOWER, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to XPOWER?
What happened at XPOWER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- THIBAULT JONNAERT stepped down as director. NBB
- DEGRAN EOOD stepped down as director. NBB
- KATHY DE GROOTE stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 842,411 (▼ 11% vs 2023). filed late Source: NBB ↗
- THIBAULT JONNAERT became a director. NBB
- DEGRAN EOOD became a director. NBB
- KATHY DE GROOTE became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 867,471 profit in 2021 to € 842,411 profit in 2024.
Paid € 10,882 in corporate taxes since 2021.
Best year ever: 2022, with € 948,311 profit.
On average € 131,700 of value added per employee in 2024.
Management
The stake of CROWN ENTERPRISES comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
XPOWERThe shares are held by CROWN ENTERPRISES (100%). It owns 80% of HYPERCHARGE BV itself.
Directors
According to the 2024 annual accounts
THIBAULT JONNAERT
Managing director
since 2025 · until 2031
DEGRAN EOOD
Managing director · represented by ANDY DE GROOTE
Also active at: Eco-Struct, Hypercharge, DEGRAN
since 2025 · until 2031
since 2020 · until 2026
Shareholders
100%
Participations
80%
Establishments
Establishment units
Physical locations of this company
Brusselsesteenweg 172 box A
9090 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →Eco-Struct same network
€ 242,105 gross margin · 2025
Hypercharge same network
€ 2.1 million revenue · 2024
Belevents
Out of the Box
DEGRAN same network
€ 8,468 gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0451.526.090
- VAT number
- BE 0451.526.090
- Registered office
- Brusselsesteenweg 172 bus A, 9090 Merelbeke-Melle
- Names & denominations
- XPOWER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1993
- Peppol
- Active · Active since 13 Aug 2025
- Contact
- 09/353.90.20
- Activities · NACE
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