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 19 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
X²O WALLONIE from Gent, company number BE0867099727, closed financial year 2025 with a result of € 695,514 after tax. For that financial year X²O WALLONIE recorded revenue of € 31.5 million and equity of € 98,352. Compared with financial year 2024, the result moved from € 794,555 to € 695,514. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 98,352
▼ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 695,514
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 172,248
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 756,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
41.2
▲ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▲ 12% vs 2024
€ 68,900 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.
€ 320
▼ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 32 days on average.
€ 700,518
▲ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 34,355,218 | € 31,357,467 | € 30,489,215 | € 31,454,679 | ▲ 3% |
| Profit after taxes | € 743,232 | € 733,439 | € 794,555 | € 695,514 | ▼ 12% |
| Equity | € 856,844 | € 129,283 | € 158,838 | € 98,352 | ▼ 38% |
| Total debts | € 8,677,387 | € 9,321,099 | € 8,929,895 | € 16,326,324 | ▲ 83% |
| Cash | € 235,084 | € 223,965 | € 229,668 | € 172,248 | ▼ 25% |
| Retained profit | € 775,919 | € 48,358 | € 77,913 | € 17,427 | ▼ 78% |
| Dividend | € 60,000 | € 1,461,000 | € 765,000 | € 756,000 | ▼ 1% |
| Bank debt | € 333,333 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 9,757,553 | € 9,652,478 | € 9,284,207 | € 16,624,373 | ▲ 79% |
| Employees (FTE) | 46.3 | 40.3 | 37.5 | 41.2 | ▲ 3.7 |
Key figures of X²O WALLONIE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to X²O WALLONIE?
What happened at X²O WALLONIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 695,514 (▼ 12% vs 2024). Source: NBB ↗
- DMTS BV became a director. NBB
- Blue Holdco BV became a director. NBB
- New establishment in Eupen. KBO
- New establishment in Awans. KBO
- New establishment in Marche-en-Famenne. KBO
- New establishment in Arlon. KBO
- New establishment in Frameries. KBO
In short
From € 743,232 profit in 2022 to € 695,514 profit in 2025.
Paid € 1 million in corporate taxes since 2022.
Best year ever: 2024, with € 794,555 profit.
Paid out € 3 million in dividends to the owners in total.
Management
The stake of SANITARY GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
X²O WALLONIEBehind X²O WALLONIE are DMTS BV and Blue Holdco BV. The shares are held by SANITARY GROUP (100%). It owns 25% of X²O Badkamers BV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Peter DEMETS
Also active at: CLUB, STANDAARD BOEKHANDEL, SBL, LEGIO SALES BELGIUM, X²O WEST- EN OOST-VLAANDEREN, Safuco, X²O ANTWERPEN & LIMBURG, X²O BRABANT +2 more
since 2024
Managing director · represented by Veerle HOEBRECHS
Also active at: LEGIO SALES BELGIUM, X²O WEST- EN OOST-VLAANDEREN, Safuco, X²O ANTWERPEN & LIMBURG, X²O BRABANT, SANITARY GROUP
since 2024
Shareholders
100%
Participations
X²O Badkamers BV
25%
Establishments
Establishment units
Physical locations of this company
Foreestelaan 80
9000 Gent
Boulevard Raymond-Poincaré 26
4020 Liège
Active since 1 October 2009
Avenue Prince de Liège(JB) 114 box 120
5100 Namur
Active since 1 December 2009
Rue de Maire(FRY) 34
7503 Tournai
Active since 16 October 2012
Rue de la Pépinière 25
6041 Charleroi
Active since 2 January 2014
Route Nationale 17
7080 Frameries
Active since 3 June 2014
Sterpenich, rue de Grass 105
6700 Arlon
Active since 12 August 2019
Porte de Liège 7
4342 Awans
Active since 14 May 2021
Aye, Rue Borchamps 18
6900 Marche-en-Famenne
Active since 25 March 2021
Rue de Herbesthal 154
4700 Eupen
Active since 17 October 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →LEGIO SALES BELGIUM same network
€ 154.2 million revenue · 2025
X²O WEST- EN OOST-VLAANDEREN same network
€ 50.4 million revenue · 2025
Safuco same network
€ 524,910 revenue · 2025
X²O ANTWERPEN & LIMBURG same network
€ 24.6 million revenue · 2025
X²O BRABANT same network
€ 27.3 million revenue · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Details
- Company number
- 0867.099.727
- VAT number
- BE 0867.099.727
- Registered office
- Foreestelaan 80, 9000 Gent
- Names & denominations
- X²O WALLONIE · X²O WALLONIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 September 2004
- Peppol
- Active · Active since 24 Jun 2025
- Contact
- x2o.be 050 32 82 00
- Activities · NACE
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