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 2023 and 2025.
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Busy address KBO
85 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
XANDORRA BELGIË from Kortrijk, company number BE0845131801, closed financial year 2025 with a result of € -884,353 after tax. For that financial year XANDORRA BELGIË recorded a gross margin of € 1.3 million and equity of € -1.3 million. Compared with financial year 2023, the result moved from € -5,977 to € -884,353. 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 27, 2026.
€ -1.3 million
▼ € 1.2 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -884,353
▼ 14697 % more loss than in 2023
Profit after tax over the fiscal year.
€ 60,340
▼ 57% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
18
▲ 12.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2 million
▲ 196% vs 2023
€ 113,600 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 261,301
▼ 61% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 314,816
▼ 39% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,206,713 | € 883,149 | € 898,018 | € 1,304,910 | ▲ 45% |
| Profit after taxes | € 393,634 | € 417,312 | € -5,977 | € -884,353 | ▼ € 878,376 |
| Equity | € -500,441 | € -83,129 | € -89,105 | € -1,306,233 | ▼ € 1.2 million |
| Total debts | € 2,622,179 | € 2,604,077 | € 3,041,801 | € 2,788,287 | ▼ 8% |
| Cash | € 109,725 | € 5,786 | € 139,090 | € 60,340 | ▼ 57% |
| Retained profit | € -561,941 | € -144,629 | € -150,605 | € -1,367,733 | ▼ € 1.2 million |
| Balance sheet total | € 2,121,738 | € 2,520,949 | € 2,952,696 | € 1,482,054 | ▼ 50% |
| Employees (FTE) | 7.8 | 3.3 | 5.4 | 18 | ▲ 12.6 |
Key figures of XANDORRA BELGIË, fiscal years 2021 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 XANDORRA BELGIË?
What happened at XANDORRA BELGIË in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Ad Ultima Invest NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 884,353. Source: NBB ↗
- Ad Ultima Invest NV became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 393,634 profit in 2021 to € 884,353 loss in 2025.
Paid € 44,071 in corporate taxes since 2021.
Best year ever: 2022, with € 417,312 profit.
On average € 72,500 of value added per employee in 2025.
Management
The stake of 9altitudes Engineering Solutions comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
XANDORRA BELGIËThe shares are held by 9altitudes Engineering Solutions (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Filip Bossuyt
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Beneluxpark(Kor) 26 box 27
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 85 companies are registered at this address.
All companies at this address →CAPRICE
€ 43,647 gross margin · 2023
VERSTRAETE
€ -27,246 gross margin · 2025
DENNEDUIN
€ 31,303 gross margin · 2025
ICT Talents
€ 3.9 million gross margin · 2025
Engi Talents
€ 40.5 million revenue · 2025
+80 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
- 0845.131.801
- VAT number
- BE 0845.131.801
- Registered office
- Beneluxpark(Kor) 26 bus 27, 8500 Kortrijk
- Names & denominations
- XANDORRA BELGIË
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 April 2012
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- 9altitudes.com
- Activities · NACE
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