Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
NXGSAT from Gent, company number BE1012320704, closed financial year 2025 with a result of € -127,783 after tax. For that financial year NXGSAT recorded a gross margin of € 48,185 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -21,550 to € -127,783. The company made a loss. 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 June 25, 2026.
€ 1.5 million
▲ € 1.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -127,783
▼ 493 % more loss than in 2024
Profit after tax over the fiscal year.
€ 884,376
▲ € 871,509 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -148,404.
People and assets in 2025
€ 140,683
▲ 10% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 10,743
▲ 103% 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.
€ 152,870
▲ 193% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,371
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 114,740 | € 48,185 | ▼ 58% |
| Profit after taxes | € -21,550 | € -127,783 | ▼ € 106,232 |
| Equity | € 292,055 | € 1,500,991 | ▲ € 1.2 million |
| Total debts | € 152,279 | € 206,723 | ▲ 36% |
| Cash | € 12,867 | € 884,376 | ▲ € 871,509 |
| Retained profit | € -20,621 | € -148,404 | ▼ € 127,783 |
| Balance sheet total | € 531,875 | € 1,840,845 | ▲ 246% |
Key figures of NXGSAT, fiscal years 2024 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 NXGSAT?
What happened at NXGSAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 127,783. Source: NBB ↗
- New establishment in Gent. KBO
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 21,550 loss in 2024 to € 127,783 loss in 2025.
Paid € 262 in corporate taxes since 2024.
Management
The stake of Intelliwave comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
NXGSATBehind NXGSAT are PMV NV, Alain ROLLE, José LAFFITTE, SUIIUS BV and Frederik SIMOENS. The shares are held by Intelliwave (30%).
Directors
According to the 2025 annual accounts
Director · represented by Dany Vandevelde
Also active at: VLAAMSE INSTELLING VOOR TECHNOLOGISCH ONDERZOEK, Arts Gebroeders immobilière, BEDRIJVENCENTRUM VILVOORDE, BIOTECH FONDS VLAANDEREN, MAISON DE LA RADIO FLAGEY, HERTECANT FLANGES, Site-Ontwikkeling Vlaanderen, SUSTAINABLE ENERGY VENTURES +136 more
José LAFFITTE
Director
Director · represented by Kris Vandenberk
Also active at: VEOWARE, EDGX, Future Fund General Partner
Shareholders
30%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Maaltebruggestraat 47
9000 Gent
Moutstraat 64
9000 Gent
Active since 1 March 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 1012.320.704
- VAT number
- BE 1012.320.704
- Registered office
- Maaltebruggestraat 47, 9000 Gent
- Names & denominations
- NXGSAT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 August 2024
- Peppol
- Active · Active since 2 Sept 2024
- Activities · NACE
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