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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
42 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
XALE-FINANCE from Elsene, company number BE0478663326, closed financial year 2025 with a result of € -75,834 after tax. For that financial year XALE-FINANCE recorded a gross margin of € -11,662 and equity of € -2.5 million. Compared with financial year 2024, the result moved from € -66,460 to € -75,834. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 12, 2026.
€ -2.5 million
▼ € 75,834 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -75,834
▼ 14 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1,580
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 11,934
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -11,930 | € -11,570 | € -11,765 | € -11,662 | ▲ € 102 |
| Profit after taxes | € -73,588 | € -75,513 | € -66,460 | € -75,834 | ▼ € 9,374 |
| Equity | € -2,295,148 | € -2,370,661 | € -2,437,121 | € -2,512,954 | ▼ € 75,834 |
| Total debts | € 3,095,695 | € 3,164,914 | € 3,212,715 | € 3,282,281 | ▲ 2% |
| Cash | € 1,065 | € 746 | € 2,552 | € 1,580 | ▼ 38% |
| Retained profit | € -2,795,148 | € -2,870,661 | € -2,937,121 | € -3,012,954 | ▼ € 75,834 |
| Balance sheet total | € 800,547 | € 794,253 | € 775,594 | € 769,327 | ▼ 1% |
Key figures of XALE-FINANCE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to XALE-FINANCE?
What happened at XALE-FINANCE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Guy VIEL stepped down as director. NBB
- Alain VASSAL stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 75,834. Source: NBB ↗
- Guy VIEL became a director. NBB
- Alain VASSAL became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 73,588 loss in 2022 to € 75,834 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Management
The shares are held by Ernée Gestion SA (99%). It owns 97.5% of LEXA IMMO, 90% of COMPAGNIE GENERALE DE GOURGUES and 50% of INVESTISSEMENT DEVELOPPEMENT itself.
Establishments
Establishment units
Physical locations of this company
Louizalaan 143 box 4
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 42 companies are registered at this address.
All companies at this address →Socobom
€ 123,176 gross margin · 2025
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GEVELE
€ 3.7 million revenue · 2025
ELARMEC
€ 392,913 gross margin · 2025
AUSI A ET P
€ 6,839 gross margin · 2025
+37 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
- 0478.663.326
- VAT number
- BE 0478.663.326
- Registered office
- Louizalaan 143 bus 4, 1050 Elsene
- Names & denominations
- XALE-FINANCE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 2002
- Peppol
- Active · Active since 16 Apr 2026