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 3 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
37 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
XG Projectontwikkeling from Schilde, company number BE0664922429, closed financial year 2025 with a result of € -50,290 after tax. For that financial year XG Projectontwikkeling recorded a gross margin of € 9,493 and equity of € -1.2 million. Compared with financial year 2024, the result moved from € -501,055 to € -50,290. 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 May 26, 2026.
€ -1.2 million
▼ € 50,290 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,290
▲ 90 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,760
▼ 98% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.2 million.
People and assets in 2025
€ 7,367
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,875
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 105,548 | € -1,286,737 | € -196,510 | € 9,493 | ▲ € 206,003 |
| Profit after taxes | € 52,374 | € -668,533 | € -501,055 | € -50,290 | ▲ € 450,765 |
| Equity | € 9,672 | € -658,861 | € -1,159,915 | € -1,210,205 | ▼ € 50,290 |
| Total debts | € 7,280,470 | € 5,287,498 | € 2,409,677 | € 1,301,540 | ▼ 46% |
| Cash | € 4,958 | € 69,687 | € 135,717 | € 2,760 | ▼ 98% |
| Retained profit | € 3,472 | € -665,061 | € -1,166,115 | € -1,216,405 | ▼ € 50,290 |
| Bank debt | € 718,200 | € 2,310,570 | € 0 | € 0 | |
| Balance sheet total | € 7,290,142 | € 4,628,637 | € 1,249,762 | € 91,335 | ▼ 93% |
Key figures of XG Projectontwikkeling, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 June 2027.
What happened to XG Projectontwikkeling?
What happened at XG Projectontwikkeling in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 50,290. Source: NBB ↗
- Padoxa NV became a director. NBB
- Bibi Fashion NV stepped down as director. NBB
- Painblanc Consult BV became a director. NBB
- New establishment in Schilde. KBO
- Start of the company according to the CBE. KBO
In short
From € 52,374 profit in 2021 to € 50,290 loss in 2025.
Paid € 9,144 in corporate taxes since 2021.
Best year ever: 2021, with € 52,374 profit.
Management
The stake of Bermaso comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
XG ProjectontwikkelingBehind XG Projectontwikkeling are Padoxa NV and Painblanc Consult BV. The shares are held by Bermaso (100%). It owns 66.7% of Kroket Loket and 66.7% of BBQ'tje itself.
Directors
According to the 2025 annual accounts
Director · represented by Xavier Painblanc
Also active at: INTERWAC, Bermaso, FIVE 2 TEN BELGIUM, Grondvennootschap XG, Bouw & Promotie Neerhof, Bouw en Promotie Veertien, Grondvennootschap Veertien
since 2026
Director · represented by Bernard Painblanc
Also active at: Bermaso V, Bermaso IV, INTERWAC, BIBI FASHION, VITAMO, Bermaso, FIVE 2 TEN BELGIUM, Grondvennootschap XG +7 more
since 2024
Director · represented by Xavier Painblanc
Also active at: Bermaso V, DE LINDE, Bermaso IV, INTERWAC, MIFRECO, PADOXA, Autobedrijf Stockmans en Partners, VITAMO +37 more
· until 2026
Shareholders
100%
Participations
66.7%
66.7%
Establishments
Establishment units
Physical locations of this company
Wijnegemsteenweg 22 box 1
2970 Schilde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 37 companies are registered at this address.
All companies at this address →Molenveld Uitbreiding
€ 8,023 gross margin · 2025
INTERWAC same network
€ 323,352 gross margin · 2025
FITRACO
€ 79,126 gross margin · 2025
PADOXA same network
€ -4,372 gross margin · 2026
POLYTROPHYS
€ 88,270 gross margin · 2025
+32 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
- 0664.922.429
- VAT number
- BE 0664.922.429
- Registered office
- Wijnegemsteenweg 22 bus 1, 2970 Schilde
- Names & denominations
- XG Projectontwikkeling
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 October 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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