Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
X²O WEST- EN OOST-VLAANDEREN from Gent, company number BE0627861895, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year X²O WEST- EN OOST-VLAANDEREN recorded revenue of € 50.4 million and equity of € 500,465. Compared with financial year 2024, the result moved from € 1.3 million to € 1.2 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 500,465
▼ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 10% vs 2024
Profit after tax over the fiscal year.
€ 249,053
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
37.1
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▼ 3% vs 2024
€ 68,900 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.
€ 537
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.7 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 21 days on average.
€ 740,226
▲ 37% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 44,568,484 | € 45,107,378 | € 49,441,176 | € 50,443,534 | ▲ 2% |
| Profit after taxes | € 951,502 | € 1,054,384 | € 1,278,342 | € 1,153,803 | ▼ 10% |
| Equity | € 1,493,937 | € 962,320 | € 638,662 | € 500,465 | ▼ 22% |
| Total debts | € 11,847,511 | € 9,841,068 | € 10,493,560 | € 21,309,328 | ▲ 103% |
| Cash | € 605,467 | € 312,737 | € 422,917 | € 249,053 | ▼ 41% |
| Retained profit | € 1,074,086 | € 542,469 | € 218,811 | € 80,614 | ▼ 63% |
| Dividend | € 80,000 | € 1,586,000 | € 1,602,000 | € 1,292,000 | ▼ 19% |
| Bank debt | € 3,500,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 13,699,594 | € 11,094,399 | € 11,449,320 | € 22,129,224 | ▲ 93% |
| Employees (FTE) | 38.4 | 34.8 | 39.2 | 37.1 | ▼ 2.1 |
Key figures of X²O WEST- EN OOST-VLAANDEREN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to X²O WEST- EN OOST-VLAANDEREN?
What happened at X²O WEST- EN OOST-VLAANDEREN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 10% vs 2024). Source: NBB ↗
- DMTS BV became a director. NBB
- Blue Holdco BV became a director. NBB
- New establishment in Gent. KBO
- New establishment in Oudenaarde. KBO
- New establishment in Oostende. KBO
- New establishment in Roeselare. KBO
- New establishment in Gent. KBO
In short
From € 951,502 profit in 2022 to € 1.2 million profit in 2025.
Paid € 1.5 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.3 million profit.
Paid out € 4.6 million in dividends to the owners in total.
Management
The stake of SANITARY GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
X²O WEST- EN OOST-VLAANDERENBehind X²O WEST- EN OOST-VLAANDEREN are DMTS BV and Blue Holdco BV. The shares are held by SANITARY GROUP (100%). It owns 35% of X²O Badkamers BV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Peter DEMETS
Also active at: CLUB, STANDAARD BOEKHANDEL, SBL, LEGIO SALES BELGIUM, Safuco, X²O ANTWERPEN & LIMBURG, X²O BRABANT, BELIVING +2 more
since 2024
Managing director · represented by Veerle HOEBRECHS
Also active at: LEGIO SALES BELGIUM, Safuco, X²O ANTWERPEN & LIMBURG, X²O BRABANT, SANITARY GROUP, X²O WALLONIE
since 2024
Shareholders
100%
Participations
X²O Badkamers BV
35%
Establishments
Establishment units
Physical locations of this company
Foreestelaan 80
9000 Gent
Ninoofsesteenweg 95-97
1760 Roosdaal
Active since 14 April 2015
August De Boeckstraat 5B
9100 Sint-Niklaas
Active since 14 April 2015
Sint-Pieterskaai 21
8000 Brugge
Active since 14 April 2015
Kleine Ringlaan 7
8520 Kuurne
Active since 14 April 2015
Brusselbaan 132
9320 Aalst
Active since 28 May 2015
Antwerpsesteenweg 735
9041 Gent
Active since 8 October 2015
Brugsesteenweg 387 box B&C
8800 Roeselare
Active since 5 August 2019
Torhoutsesteenweg 655
8400 Oostende
Active since 24 November 2022
Ronseweg 19
9700 Oudenaarde
Active since 8 June 2023
Kortrijksesteenweg 1206
9051 Gent
Active since 25 July 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →LEGIO SALES BELGIUM same network
€ 154.2 million revenue · 2025
Safuco same network
€ 524,910 revenue · 2025
X²O ANTWERPEN & LIMBURG same network
€ 24.6 million revenue · 2025
X²O BRABANT same network
€ 27.3 million revenue · 2025
Vereniging van mede-eigenaars forum gebouw A4 - NERO (met buitenparkeerplaatsen) te Gent, Foreestelaan 80
+4 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
- 0627.861.895
- VAT number
- BE 0627.861.895
- Registered office
- Foreestelaan 80, 9000 Gent
- Names & denominations
- X²O WEST- EN OOST-VLAANDEREN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 April 2015
- Peppol
- Active · Active since 24 Jun 2025
- Activities · NACE
Detailhandel in sanitaire artikelen en sanitair installatiemateriaal
Overige niet-gespecialiseerde detailhandel
Detailhandel via postorderbedrijven of via internet