ACTIVE

XLAS

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Financial year 2025 · closed on 30/06/2025

Net result

39,2 k €

+111.4% YoY

Gross margin

254,2 k €

-16.0% YoY

Equity

347,3 k €

+12.7% YoY

Workforce

2,5 ETP

-28.6% YoY

What does XLAS do?

XLAS is a Private limited company incorporated in 1996. Its main activity is: Forging, pressing, stamping and roll-forming of metal; powder metallurgy. Its registered office is in Dilbeek. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.308.964

Incorporation

17/06/1996

Legal form

Private limited company

Registered office

Maalbeekstraat 5E box 101
1700 Dilbeek · FlandreSee on map

Contributed capital

177 689,58 €

Latest accounts

30/06/2025

Average workforce

2,5 ETP

Activities (NACE)

25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy· main 46190Agents involved in the sale of a variety of goods 47529Retail sale of hardware, paints and glass in specialised stores 71121Engineering activities and related technical consultancy 74111Specialised design activities

Joint committees (4)

14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	254,2 k €	-16.0%	302,7 k €	-15.7%	359,2 k €	-3.8%	373,2 k €	+7.3%	348 k €	+13.2%	307,3 k €	-7.9%	333,7 k €	+17.2%	284,8 k €	-8.9%	312,5 k €	-17.2%	377,4 k €	-19.0%	465,8 k €	+1.4%	459,4 k €	+17.6%	390,7 k €	+18.2%	330,6 k €	+19.6%	276,5 k €	+63.8%	168,8 k €	+31.2%	128,7 k €	+43.2%	89,9 k €	+0.1%	89,8 k €
EBITDA	87,1 k €	+37.0%	63,6 k €	-34.0%	96,3 k €	+7.6%	89,5 k €	+60.1%	55,9 k €	+58.7%	35,2 k €	-48.2%	68 k €	+1192%	5,3 k €	-86.5%	38,9 k €	-46.0%	72,1 k €	+51.6%	47,6 k €	-17.3%	57,5 k €	+50.0%	38,4 k €	+93.3%	19,8 k €	+8.0%	18,4 k €	+4.8%	17,5 k €	-10.6%	19,6 k €	-23.2%	25,5 k €	+862%	2,7 k €
Operating result	67,5 k €	+76.0%	38,3 k €	-43.1%	67,4 k €	+11.4%	60,5 k €	+56.8%	38,6 k €	+73.9%	22,2 k €	-56.7%	51,2 k €	+458%	-14,3 k €	-177%	18,5 k €	-61.4%	48 k €	+106%	23,3 k €	-17.2%	28,2 k €	+171%	10,4 k €	+187%	-12 k €	-351%	4,8 k €	+74.6%	2,7 k €	-71.3%	9,5 k €	-2.8%	9,8 k €	+201%	-9,7 k €
Net result	39,2 k €	+111%	18,5 k €	-63.1%	50,2 k €	+57.2%	31,9 k €	+85.7%	17,2 k €	+155%	6,7 k €	-81.4%	36,3 k €	+242%	-25,6 k €	-2933%	901,9 €	+105%	-18,9 k €	-1685%	1,2 k €	+30.9%	908,4 €	+134%	-2,7 k €	+85.1%	-18,1 k €	-481%	4,7 k €	+203%	-4,6 k €	-174%	6,2 k €	+69.2%	3,7 k €	+577%	543 €
Balance sheet
Equity	347,3 k €	+12.7%	308,1 k €	+6.4%	289,6 k €	+224%	89,4 k €	+55.5%	57,5 k €	+42.6%	40,4 k €	+20.1%	33,6 k €	+1334%	-2,7 k €	-112%	22,8 k €	+4.1%	21,9 k €	-46.2%	40,8 k €	+3.0%	39,6 k €	+2.3%	38,7 k €	-6.5%	41,4 k €	-30.4%	59,5 k €	+8.7%	54,7 k €	-7.8%	59,3 k €	+11.7%	53,1 k €	+7.4%	49,4 k €
Total assets	523,7 k €	-2.8%	538,9 k €	-11.1%	606,2 k €	+34.6%	450,3 k €	+4.3%	431,7 k €	+12.1%	385 k €	-6.0%	409,5 k €	+5.2%	389,1 k €	-11.1%	437,9 k €	-4.4%	458,1 k €	-5.5%	484,7 k €	-3.5%	502,4 k €	+10.6%	454,2 k €	-12.8%	521,1 k €	+91.9%	271,5 k €	-19.5%	337,2 k €	+72.3%	195,6 k €	+3.3%	189,3 k €	+8.4%	174,6 k €
Cash	92,4 k €	+61.3%	57,3 k €	-2.5%	58,8 k €	+86.5%	31,5 k €	-38.5%	51,2 k €	-38.6%	83,5 k €	+98.5%	42 k €	+29.4%	32,5 k €	-20.2%	40,7 k €	-42.0%	70,3 k €	-13.7%	81,4 k €	-33.4%	122,3 k €	+340%	27,8 k €	+47.6%	18,8 k €	-28.2%	26,2 k €	-56.7%	60,7 k €	+93.4%	31,4 k €	+5.7%	29,7 k €	+0.3%	29,6 k €
Debts	176,4 k €	-23.5%	230,7 k €	-27.1%	316,6 k €	-6.0%	336,9 k €	-10.0%	374,1 k €	+8.5%	344,7 k €	-8.3%	375,9 k €	-4.1%	391,8 k €	-5.4%	414,3 k €	-5.0%	436,2 k €	+9.6%	397,9 k €	-4.5%	416,8 k €	+0.3%	415,5 k €	-13.4%	479,7 k €	+127%	211,4 k €	-25.1%	282,5 k €	+109%	134,8 k €	+0.1%	134,8 k €	+8.9%	123,7 k €
Other
Workforce	2,5 ETP	-28.6%	3,5 ETP	-14.6%	4,1 ETP	-16.3%	4,9 ETP	-10.9%	5,5 ETP	-8.3%	6,0 ETP	+15.4%	5,2 ETP	+15.6%	4,5 ETP		–		7,8 ETP	-12.4%	8,9 ETP	+14.1%	7,8 ETP	0.0%	7,8 ETP	+11.4%	7,0 ETP	+16.7%	6,0 ETP	+53.8%	3,9 ETP	+25.8%	3,1 ETP	+40.9%	2,2 ETP	-15.4%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

Erik Van Elsuwege

Director · since 06 septembre 2022

Active

Mireille Struman

Director · since 06 septembre 2022

Active

Ended mandates

ERIC VAN ELSUWEGE

Manager · since 17 juin 1996

Ended

Erik Van Elsuwege

Mandate

Ended

Erik Van Elsuwege

Director

Ended

Erik Van Elsuwege

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	20/12/2024	03/01/2024	18/01/2023	28/01/2022	19/01/2021
General meeting	19/12/2025	20/12/2024	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	19/12/2025	29/01/2026	Dutch	PDF
Abridged model	30/06/2024	20/12/2024	20/12/2024	Dutch	PDF
Abridged model	30/06/2023	01/12/2023	03/01/2024	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	18/01/2023	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	04/12/2020	19/01/2021	Dutch	PDF
Abridged model	30/06/2019	25/07/2019	31/07/2019	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	15/01/2019	Dutch	PDF
Abridged model	30/06/2017	15/12/2017	18/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	04/01/2017	Dutch	PDF
Abridged model	30/06/2015	18/12/2015	08/01/2016	Dutch	PDF
Abridged model	30/06/2014	19/12/2014	28/01/2015	Dutch	PDF
Abridged model	30/06/2013	20/12/2013	29/01/2014	Dutch	PDF
Abridged model	30/06/2012	28/12/2012	27/02/2013	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	06/09/2012	Dutch	PDF
Abridged model	30/06/2010	26/07/2011	11/08/2011	Dutch	PDF
Abridged model	30/06/2009	04/01/2010	26/01/2010	Dutch	PDF
Abridged model	30/06/2008	19/12/2008	16/02/2009	Dutch	PDF
Abridged model	30/06/2007	21/12/2007	01/02/2008	Dutch	PDF
Abridged model	30/06/2006	15/12/2006	24/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 30/06/2025 · 2 active · 5 ended

Active mandates

Erik Van Elsuwege

Director · since 06 septembre 2022

Active

Mireille Struman

Director · since 06 septembre 2022

Active

Ended mandates

ERIC VAN ELSUWEGE

Manager · since 17 juin 1996

Ended

Erik Van Elsuwege

Mandate

Ended

Erik Van Elsuwege

Director

Ended

Erik Van Elsuwege

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office25/11/2025
BENAMING, MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/09/2022
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/02/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office05/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares11/03/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 202539,2 k €↑
2025
Name changeXLAS
2024
Annual accounts 202418,5 k €↓
2023
Annual accounts 202350,2 k €↑
2022
Annual accounts 202231,9 k €↑
2022
Name changeSecure Electronics
2021
Annual accounts 202117,2 k €↑
2020
Annual accounts 20206,7 k €↓
2019
Annual accounts 201936,3 k €↑
2018
Annual accounts 2018-25,6 k €↓
2017
Annual accounts 2017901,9 €↑
2016
Annual accounts 2016-18,9 k €↓
2015
Annual accounts 20151,2 k €↑
2014
Annual accounts 2014908,4 €↑
2013
Annual accounts 2013-2,7 k €↑
2012
Annual accounts 2012-18,1 k €↓
2011
Annual accounts 20114,7 k €↑
2010
Annual accounts 2010-4,6 k €↓
2009
Annual accounts 20096,2 k €↑
2008
Annual accounts 20083,7 k €↑
2007
Annual accounts 2007543 €
17/06/1996
IncorporationPrivate 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

XLAS

Overview

What does XLAS do?

Trend over 19 financial years

Indicative valuation

Board of directors

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