Financials
Financial year 2024
X-Fuel from Hasselt, company number BE0746996802, closed financial year 2024 with a result of € -8,224 after tax. For that financial year X-Fuel recorded revenue of € 63,525 and equity of € 56,553. Compared with financial year 2023, the result moved from € 22,941 to € -8,224. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 15, 2025.
€ 56,553
▼ 13% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,224
▼ still € 22,941 profit in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € 26,553.
People and assets in 2024
€ 6,804
▼ 93% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 23,144
▼ 23% vs 2023
€ 9,820 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 8,059
▼ 87% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 16,686
▼ 50% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 1,647,871 | € 1,039,437 | € 1,075,339 | € 63,525 | ▼ 94% |
| Gross margin | € 115,056 | € 100,994 | € 134,031 | € 2,621 | ▼ 98% |
| Profit after taxes | € 2,543 | € 9,293 | € 22,941 | € -8,224 | ▼ € 31,165 |
| Equity | € 32,543 | € 41,835 | € 64,777 | € 56,553 | ▼ 13% |
| Total debts | € 100,164 | € 125,939 | € 124,755 | € 47,889 | ▼ 62% |
| Cash | € 74,960 | € 3,856 | € 12,132 | - | |
| Retained profit | € 2,543 | € 11,835 | € 34,777 | € 26,553 | ▼ 24% |
| Bank debt | € 47,750 | € 49,190 | € 29,967 | € 23,144 | ▼ 23% |
| Balance sheet total | € 132,707 | € 167,774 | € 189,532 | € 104,442 | ▼ 45% |
Key figures of X-Fuel, 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 X-Fuel?
What happened at X-Fuel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 8,224 (▼ € 31,165 vs 2023). filed late Source: NBB ↗
- Musa Ozturk became a director. NBB
- New establishment in Hasselt. KBO
- Gamze Bagci became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 2,543 profit in 2021 to € 8,224 loss in 2024.
Paid € 16,595 in corporate taxes since 2021.
Best year ever: 2023, with € 22,941 profit.
Management
Behind X-Fuel are Gamze Bagci and Musa Ozturk. Musa Ozturk is also behind OMEGA INVEST, Infracom and ENDURE.
Directors
According to the 2024 annual accounts
Gamze Bagci
Director
since 2020
since 2022
Establishments
Establishment units
Physical locations of this company
Gouverneur Verwilghensingel 6b
3500 Hasselt
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
- 0746.996.802
- VAT number
- BE 0746.996.802
- Registered office
- Gouverneur Verwilghensingel 6b, 3500 Hasselt
- Names & denominations
- X-Fuel
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 2020
- Peppol
- Active · Active since 21 Oct 2026