ACTIVE

XPOWER

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Financial year 2024 · closed on 31/12/2024

Net result

842,4 k €

-11.0% YoY

Revenue

9,6 M €

+12.3% YoY

Equity

4,7 M €

+22.1% YoY

Workforce

44,8 ETP

+7.4% YoY

What does XPOWER do?

XPOWER is a Public limited company incorporated in 1993. Its main activity is: Wholesale of information and communication equipment. Its registered office is in Merelbeke-Melle. It employs on average 44,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.526.090

Incorporation

29/12/1993

Legal form

Public limited company

Registered office

Brusselsesteenweg 172 box A
9090 Merelbeke-Melle · FlandreSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2024

Average workforce

44,8 ETP

Activities (NACE)

46500Wholesale of information and communication equipment· main 46510Wholesale of computers, computer peripheral equipment and software 51840Air transport 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Joint committees (3)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	9,6 M €	+12.3%	8,5 M €	+16.6%	7,3 M €	+10.1%	6,7 M €		–		–		–		–		4,4 M €	+10.9%	4 M €	+6.2%	3,8 M €		–		–		–		–		–		–		1,5 M €	+22.5%	1,2 M €
EBITDA	1,9 M €	+6.1%	1,8 M €	+8.6%	1,6 M €	+9.0%	1,5 M €	+10.0%	1,4 M €	+85.3%	733,4 k €	+11.9%	655,2 k €	+8.9%	601,8 k €	+50.5%	399,9 k €	+90.3%	210,2 k €	-38.3%	340,8 k €	+238%	100,9 k €	-61.3%	261 k €	-26.1%	353,3 k €	+48.2%	238,4 k €	+752%	28 k €	-80.9%	146,8 k €	-42.9%	257,1 k €	+33.9%	192 k €
Operating result	1,1 M €	+2.0%	1,1 M €	+4.2%	1 M €	+10.8%	914,9 k €	+7.5%	851,1 k €	+671%	110,5 k €	-18.0%	134,7 k €	-21.8%	172,3 k €	+87.5%	91,9 k €	+1146%	7,4 k €	-92.7%	100,4 k €	+155%	-180,9 k €	-991%	20,3 k €	-72.1%	72,7 k €	+20.2%	60,5 k €	+168%	-89,6 k €	-266%	53,8 k €	-70.0%	179,1 k €	+38.2%	129,6 k €
Net result	842,4 k €	-11.0%	946,5 k €	-0.2%	948,3 k €	+9.3%	867,5 k €	+11.3%	779,6 k €	+1787%	41,3 k €	+39.1%	29,7 k €	+17.6%	25,3 k €	+2090%	1,2 k €	+104%	-26,1 k €	-149%	53,5 k €	+127%	-199,3 k €	-1867%	-10,1 k €	-126%	38,3 k €	-0.9%	38,6 k €	+144%	-87,4 k €	-309%	41,7 k €	-63.2%	113,4 k €	+19.1%	95,2 k €
Balance sheet
Equity	4,7 M €	+22.1%	3,8 M €	+33.1%	2,9 M €	+49.6%	1,9 M €	+82.9%	1 M €	+292%	266,6 k €	+18.3%	225,3 k €	+15.2%	195,6 k €	+14.8%	170,4 k €	+0.7%	169,2 k €	-13.4%	195,3 k €	+37.7%	141,9 k €	-58.4%	341,2 k €	-2.9%	351,3 k €	+12.2%	313 k €	+14.1%	274,4 k €	-24.2%	361,7 k €	+13.0%	320 k €	+14.3%	280 k €
Total assets	7,9 M €	+8.0%	7,3 M €	+28.1%	5,7 M €	+35.3%	4,2 M €	+14.8%	3,7 M €	+5.8%	3,5 M €	+10.1%	3,2 M €	+21.0%	2,6 M €	+15.4%	2,3 M €	+47.0%	1,5 M €	+13.0%	1,4 M €	+16.1%	1,2 M €	-12.1%	1,3 M €	+16.8%	1,1 M €	+26.5%	904 k €	+48.1%	610,4 k €	+4.1%	586,6 k €	-4.6%	614,7 k €	+15.3%	533,4 k €
Cash	250,5 k €	-5.6%	265,5 k €	-20.3%	333,2 k €	+143%	137 k €	+18.9%	115,2 k €	+49.5%	77,1 k €	+3.8%	74,3 k €		–		41,8 k €	-47.6%	79,7 k €	+233%	23,9 k €		–		–		81 k €	-21.0%	102,6 k €	+544%	15,9 k €	-66.8%	47,9 k €	+6.5%	45 k €	+234%	13,5 k €
Debts	2,8 M €	-4.7%	3 M €	+35.4%	2,2 M €	-4.7%	2,3 M €	-12.4%	2,6 M €	-16.5%	3,1 M €	+9.7%	2,8 M €	+21.3%	2,3 M €	+15.0%	2 M €	+48.9%	1,4 M €	+18.7%	1,2 M €	+12.0%	1 M €	+12.1%	920,5 k €	+42.3%	646,8 k €	+47.6%	438,3 k €	+30.4%	336 k €	+50.1%	223,9 k €	-24.0%	294,7 k €	+16.3%	253,3 k €
Other
Workforce	44,8 ETP	+7.4%	41,7 ETP	+8.3%	38,5 ETP	+4.9%	36,7 ETP	+11.6%	32,9 ETP	+9.3%	30,1 ETP	+4.2%	28,9 ETP	+11.2%	26,0 ETP	-5.1%	27,4 ETP	+5.8%	25,9 ETP	+8.8%	23,8 ETP	-1.7%	24,2 ETP	+74.1%	13,9 ETP	+59.8%	8,7 ETP	-20.2%	10,9 ETP	+3.8%	10,5 ETP	+23.5%	8,5 ETP	-2.3%	8,7 ETP	+1.2%	8,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 15 ended

Active mandates

DEGRAN EOOD

Managing director · since 06 mai 2025 · until 02 mai 2031

Represented by ANDY DE GROOTE

Active

THIBAULT JONNAERT

Managing director · since 06 mai 2025 · until 02 mai 2031

Active

KATHY DE GROOTE

Director · since 28 octobre 2020 · until 04 mai 2026

Active

Ended mandates

DEGRAN EOD

Managing director · since 01 juin 2019 · until 04 mai 2025

Represented by ANDY DE GROOTE

Ended

DEGRAN EOD

Managing director · since 01 juin 2019 · until 05 mai 2025

Represented by ANDY DE GROOTE

Ended

THIBAULT JONNAERT

Director · since 01 juin 2019 · until 05 mai 2025

Ended

THIBAULT JONNAERT

Managing director · since 01 juin 2019 · until 05 mai 2025

Ended

At this address

Other companies at this address

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Belevents● Active	0676.873.126
DEGRAN● Active	0887.306.015
Eco-Struct● Active	0473.138.185
Herratec● Active	1031.849.277
Hypercharge● Active	0673.621.250
Out of the Box● Active	0697.699.620

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/03/2026	08/10/2024	13/10/2023	19/10/2022	22/10/2021	02/12/2020
General meeting	13/03/2026	02/05/2024	02/05/2023	02/05/2022	03/05/2021	04/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	13/03/2026	19/03/2026	Dutch	PDF
Abridged model	31/12/2023	02/05/2024	08/10/2024	Dutch	PDF
Abridged model	31/12/2022	02/05/2023	13/10/2023	Dutch	PDF
Abridged model	31/12/2021	02/05/2022	19/10/2022	Dutch	PDF
Abridged model	31/12/2020	03/05/2021	22/10/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	02/12/2020	Dutch	PDF
Abridged model	31/12/2018	06/05/2019	02/10/2019	Dutch	PDF
Abridged model	31/12/2017	07/05/2018	27/09/2018	Dutch	PDF
Abridged model	31/12/2016	06/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	02/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	04/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	05/05/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	18/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/05/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	06/07/2011	Dutch	PDF
Abridged model	31/12/2009	03/05/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	06/07/2009	Dutch	PDF
Abridged model	31/12/2007	05/05/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	18/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 15 ended

Active mandates

DEGRAN EOOD

Managing director · since 06 mai 2025 · until 02 mai 2031

Represented by ANDY DE GROOTE

Active

THIBAULT JONNAERT

Managing director · since 06 mai 2025 · until 02 mai 2031

Active

KATHY DE GROOTE

Director · since 28 octobre 2020 · until 04 mai 2026

Active

Ended mandates

DEGRAN EOD

Managing director · since 01 juin 2019 · until 04 mai 2025

Represented by ANDY DE GROOTE

Ended

DEGRAN EOD

Managing director · since 01 juin 2019 · until 05 mai 2025

Represented by ANDY DE GROOTE

Ended

THIBAULT JONNAERT

Director · since 01 juin 2019 · until 05 mai 2025

Ended

THIBAULT JONNAERT

Managing director · since 01 juin 2019 · until 05 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office06/05/2026
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2015
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024842,4 k €↓
2023
Annual accounts 2023946,5 k €↓
2022
Annual accounts 2022948,3 k €↑
2021
Annual accounts 2021867,5 k €↑
2020
Annual accounts 2020779,6 k €↑
2019
Annual accounts 201941,3 k €↑
2018
Annual accounts 201829,7 k €↑
2017
Annual accounts 201725,3 k €↑
2016
Annual accounts 20161,2 k €↑
2015
Annual accounts 2015-26,1 k €↓
2014
Annual accounts 201453,5 k €↑
2013
Annual accounts 2013-199,3 k €↓
2012
Annual accounts 2012-10,1 k €↓
2011
Annual accounts 201138,3 k €↓
2010
Annual accounts 201038,6 k €↑
2009
Annual accounts 2009-87,4 k €↓
2008
Annual accounts 200841,7 k €↓
2007
Annual accounts 2007113,4 k €↑
2006
Annual accounts 200695,2 k €
29/12/1993
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

XPOWER

Overview

What does XPOWER do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline