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 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
XWOOD from Aywaille, company number BE0654766628, closed financial year 2025 with a result of € -59,439 after tax. For that financial year XWOOD recorded a gross margin of € 39,261 and equity of € 4,350. Compared with financial year 2024, the result moved from € 44,568 to € -59,439. The company made a loss. The buffer shrank hard: equity is 92 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 4,350
▼ 92% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -59,439
▼ still € 44,568 profit in 2024
Profit after tax over the fiscal year.
€ 72,977
▲ € 61,291 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -29,090.
People and assets in 2025
€ 826
▼ 70% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 102,125
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 89,260
▲ 12% vs 2024
€ 17,713 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 13,034
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 228
▼ 95% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 114,692 | € 113,599 | € 115,702 | € 39,261 | ▼ 66% |
| Profit after taxes | € 26,045 | € 10,161 | € 44,568 | € -59,439 | ▼ € 104,007 |
| Equity | € 2,861 | € 13,022 | € 57,589 | € 4,350 | ▼ 92% |
| Total debts | € 601,454 | € 618,234 | € 527,191 | € 664,130 | ▲ 26% |
| Cash | € 19,278 | € 13,323 | € 11,686 | € 72,977 | ▲ € 61,291 |
| Land & buildings | € 138,499 | € 125,656 | € 26,250 | € 20,000 | ▼ 24% |
| Retained profit | € -24,379 | € -14,218 | € 30,349 | € -29,090 | ▼ € 59,439 |
| Bank debt | € 136,117 | € 113,521 | € 79,720 | € 89,260 | ▲ 12% |
| Balance sheet total | € 604,316 | € 641,141 | € 609,665 | € 693,366 | ▲ 14% |
Key figures of XWOOD, 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 XWOOD?
What happened at XWOOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 59,439 (▼ € 104,007 vs 2024). filed late Source: NBB ↗
- New establishment in Aywaille. KBO
- Start of the company according to the CBE. KBO
- Pierre Mardaga became a director. NBB
In short
From € 26,045 profit in 2022 to € 59,439 loss in 2025.
Paid € 632 in corporate taxes since 2022.
Best year ever: 2024, with € 44,568 profit.
Management
Behind XWOOD is Pierre Mardaga.
Directors
According to the 2025 annual accounts
Pierre Mardaga
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Rue de Bénister 5
4920 Aywaille
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0654.766.628
- VAT number
- BE 0654.766.628
- Registered office
- Rue de Bénister 5, 4920 Aywaille
- Names & denominations
- XWOOD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 May 2016
- Peppol
- Active · Active since 2 Dec 2025
- Contact
- [email protected] +32479502489
- Activities · NACE
Exploitatie van bossen
Ondersteunende diensten in verband met de bosbouw