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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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
XAVIER ETIENNE from Modave, company number BE0476934449, closed financial year 2024 with a result of € 23,513 after tax. For that financial year XAVIER ETIENNE recorded a gross margin of € 619,322 and equity of € 240,717. Compared with financial year 2023, the result moved from € -106,802 to € 23,513. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 18, 2025.
€ 240,717
▲ 11% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,513
▲ still € 106,802 loss in 2023
Profit after tax over the fiscal year.
€ 152,555
▼ 8% 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 € 222,117.
People and assets in 2024
8.8
▲ 1.3 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 272,916
▼ 25% vs 2023
€ 31,000 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.
€ 770,636
▲ 22% vs 2023
Of which on lease € 298,860.
Debts at end 2024
€ 475,193
▼ 34% vs 2023
€ 172,087 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 627,269
▲ 3% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 38,772
▼ 21% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 706,520 | € 621,409 | € 535,727 | € 619,322 | ▲ 16% |
| Profit after taxes | € 13,849 | € -65,175 | € -106,802 | € 23,513 | ▲ € 130,315 |
| Equity | € 389,181 | € 324,006 | € 217,204 | € 240,717 | ▲ 11% |
| Total debts | € 1,373,386 | € 1,584,827 | € 1,554,531 | € 1,637,725 | ▲ 5% |
| Cash | € 84,681 | € 75,597 | € 166,019 | € 152,555 | ▼ 8% |
| Land & buildings | € 292,385 | € 277,174 | € 261,963 | € 246,752 | ▼ 6% |
| Retained profit | € 370,581 | € 305,406 | € 198,604 | € 222,117 | ▲ 12% |
| Bank debt | € 690,907 | € 831,747 | € 720,345 | € 475,193 | ▼ 34% |
| Balance sheet total | € 1,762,566 | € 1,908,833 | € 1,771,736 | € 1,878,443 | ▲ 6% |
| Employees (FTE) | 5.4 | 8.2 | 7.5 | 8.8 | ▲ 1.3 |
Key figures of XAVIER ETIENNE, 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 XAVIER ETIENNE?
What happened at XAVIER ETIENNE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 23,513. filed late Source: NBB ↗
- New establishment in Modave. KBO
- New establishment in Modave. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,849 profit in 2021 to € 23,513 profit in 2024.
Paid € 3,162 in corporate taxes since 2021.
Best year ever: 2024, with € 23,513 profit.
On average € 70,400 of value added per employee in 2024.
Establishments
Establishment units
Physical locations of this company
Rue Tige de Strée 47
4577 Modave
Rue de la Gare 1
4577 Modave
Active since 1 August 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.934.449
- VAT number
- BE 0476.934.449
- Registered office
- Rue Tige de Strée 47, 4577 Modave
- Names & denominations
- XAVIER ETIENNE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 February 2002
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
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