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 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
XOD from Balen, company number BE0860809078, closed financial year 2025 with a result of € 39,418 after tax. For that financial year XOD recorded a gross margin of € 1.3 million and equity of € 838,652. Compared with financial year 2024, the result moved from € 56,994 to € 39,418. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 22, 2026.
€ 838,652
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 39,418
▼ 31% vs 2024
Profit after tax over the fiscal year.
€ 47,820
▼ 62% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 638,652.
People and assets in 2025
15.1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1 million
▲ 7% vs 2024
€ 66,800 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.
€ 93,238
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 889,247
▼ 15% vs 2024
€ 156,353 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 321,971
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 147,507
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,300,002 | € 4,238,310 | - | - | |
| Gross margin | € 1,051,269 | € 1,135,257 | € 1,274,142 | € 1,308,725 | ▲ 3% |
| Profit after taxes | € 89,584 | € 31,609 | € 56,994 | € 39,418 | ▼ 31% |
| Equity | € 710,631 | € 742,240 | € 799,234 | € 838,652 | ▲ 5% |
| Total debts | € 2,312,604 | € 1,948,788 | € 1,598,000 | € 1,466,447 | ▼ 8% |
| Cash | € 187,521 | € 71,351 | € 124,282 | € 47,820 | ▼ 62% |
| Land & buildings | € 1,921,026 | € 1,819,484 | € 1,352,781 | € 1,307,490 | ▼ 3% |
| Retained profit | € 510,631 | € 542,240 | € 599,234 | € 638,652 | ▲ 7% |
| Bank debt | € 1,813,899 | € 1,497,245 | € 1,051,715 | € 889,247 | ▼ 15% |
| Balance sheet total | € 3,023,235 | € 2,773,925 | € 2,397,234 | € 2,305,100 | ▼ 4% |
| Employees (FTE) | 13.2 | 13.3 | 16 | 15.1 | ▼ 0.9 |
Key figures of XOD, 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 XOD?
What happened at XOD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joannes Lievens stepped down as director. NBB
- Hilde Van de Vliet stepped down as director. NBB
- Erik Borgmans stepped down as director. NBB
- Lodewijk Genoe stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 39,418 (▼ 31% vs 2024). Source: NBB ↗
- Joannes Lievens became a director. NBB
- Hilde Van de Vliet became a director. NBB
- Erik Borgmans became a director. NBB
In short
From € 89,584 profit in 2022 to € 39,418 profit in 2025.
Paid € 37,558 in corporate taxes since 2022.
Best year ever: 2022, with € 89,584 profit.
On average € 86,700 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Joannes Lievens
Director
since 2022 · until 2028
Hilde Van de Vliet
Director
since 2022 · until 2028
Erik Borgmans
Managing director
Also active at: DE SPRONG, DE KOER, BORG, TER KEMPEN, Dienstenfirma BalDeMo
since 2022 · until 2028
Lodewijk Genoe
Chairman of the board
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Gerheide 22
2490 Balen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
PI-GROUP RIS-Webservice, BE
Website info
Features
Security
Details
- Company number
- 0860.809.078
- VAT number
- BE 0860.809.078
- Registered office
- Gerheide 22, 2490 Balen
- Names & denominations
- XOD
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 2003
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- xod.be
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