ACTIVE

Xelor

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Financial year 2025 · closed on 31/12/2025

Net result

652,4 k €

+1739.8% YoY

Gross margin

951,1 k €

+579.1% YoY

Equity

1,3 M €

+94.0% YoY

What does Xelor do?

Xelor is a Private limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.170.734

Incorporation

15/09/1998

Legal form

Private limited company

Registered office

Graaf d'Ursellaan 43 box 0.1
8301 Knokke-Heist · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 70322Activities of head offices; management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	951,1 k €	+579%	140,1 k €	+2.8%	136,2 k €	+44.6%	94,2 k €	+11.1%	84,8 k €	+0.2%	84,6 k €	+127%	37,3 k €	-48.9%	73 k €	+817%	8 k €	-90.7%	86,1 k €	-22.9%	111,6 k €	-19.2%	138,2 k €	-61.9%	362,5 k €	+87.8%	193 k €	-26.2%	261,6 k €	+125%	116,3 k €	-19.9%	145,3 k €	-22.5%	187,4 k €	+29.7%	144,5 k €	-1.3%	146,4 k €
EBITDA	945,8 k €	+672%	122,6 k €	-1.4%	124,3 k €	+43.9%	86,4 k €	+10.1%	78,5 k €	-0.3%	78,7 k €	+1030%	7 k €	-88.1%	58,5 k €	+885%	5,9 k €	-92.8%	82,4 k €	-18.1%	100,6 k €	-23.6%	131,6 k €	-61.0%	337,3 k €	+120%	153 k €	-35.8%	238,1 k €	+110%	113,2 k €	-10.3%	126,2 k €	-25.1%	168,5 k €	+32.2%	127,5 k €	-2.8%	131,2 k €
Operating result	887,6 k €	+1194%	68,6 k €	+35.8%	50,5 k €	-17.0%	60,8 k €	+21.8%	49,9 k €	+7.6%	46,4 k €	+272%	-26,9 k €	-215%	23,4 k €	+177%	-30,5 k €	-224%	24,5 k €	-45.4%	45 k €	-48.5%	87,3 k €	-71.3%	304,5 k €	+136%	129,2 k €	-27.3%	177,8 k €	+193%	60,7 k €	-15.6%	71,9 k €	-36.2%	112,6 k €	+27.1%	88,6 k €	-4.4%	92,7 k €
Net result	652,4 k €	+1740%	35,5 k €	+30.2%	27,2 k €	-24.4%	36 k €	+14.3%	31,5 k €	-11.2%	35,5 k €	+225%	-28,3 k €	-659%	5,1 k €	+117%	-29,4 k €	-1274%	2,5 k €	-88.6%	21,9 k €	-46.0%	40,6 k €	-78.1%	185,5 k €	+210%	59,8 k €	-30.3%	85,9 k €	+575%	12,7 k €	-49.0%	24,9 k €	-62.1%	65,9 k €	+20.3%	54,8 k €	+0.5%	54,5 k €
Balance sheet
Equity	1,3 M €	+94.0%	694 k €	+5.4%	658,6 k €	+4.3%	631,3 k €	+6.1%	595,3 k €	+5.6%	563,8 k €	+6.7%	528,3 k €	-5.1%	556,6 k €	+0.9%	551,5 k €	-5.1%	580,9 k €	+0.4%	578,4 k €	+3.9%	556,5 k €	+7.9%	515,9 k €	+56.1%	330,4 k €	+22.1%	270,6 k €	+46.5%	184,7 k €	+7.4%	172 k €	+17.0%	147 k €	+38.5%	106,1 k €	+39.0%	76,4 k €
Total assets	1,7 M €	+57.1%	1,1 M €	-4.8%	1,1 M €	+41.1%	794,3 k €	-4.8%	834,7 k €	+5.7%	789,7 k €	+4.9%	753 k €	-9.4%	831,4 k €	+0.3%	828,6 k €	-8.3%	903,8 k €	+4.8%	862,2 k €	-13.8%	1 M €	+5.6%	947,1 k €	+9.9%	862,2 k €	-13.2%	993,1 k €	+33.1%	745,9 k €	+2.0%	731,6 k €	+6.9%	684,6 k €	-6.4%	731,6 k €	-1.3%	741,3 k €
Cash	19,5 k €	+617%	2,7 k €	-96.2%	72,7 k €	-2.0%	74,2 k €	-36.4%	116,7 k €	+68.4%	69,3 k €	+22.2%	56,7 k €	-17.7%	69 k €	+144%	28,3 k €	-60.8%	72,2 k €	+64.3%	44 k €	-58.8%	106,7 k €	+143%	43,9 k €	-36.5%	69,3 k €	+132%	29,9 k €	+16.5%	25,6 k €	-63.4%	70,1 k €	+89.0%	37,1 k €	-69.9%	123,2 k €	+184%	43,4 k €
Debts	126,6 k €	-66.0%	372,6 k €	-16.9%	448,6 k €	+257%	125,8 k €	-39.0%	206 k €	-7.4%	222,5 k €	-1.0%	224,7 k €	-18.2%	274,7 k €	-0.8%	277,1 k €	-14.0%	322,1 k €	+13.8%	282,9 k €	-35.9%	441 k €	+3.1%	427,7 k €	-18.6%	525,7 k €	-26.4%	714,2 k €	+29.1%	553,4 k €	-0.5%	556,1 k €	+3.7%	536,2 k €	-14.1%	624 k €	-5.8%	662,3 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		0,5 ETP	+25.0%	0,4 ETP	+300%	0,1 ETP	-66.7%	0,3 ETP	-50.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP	0.0%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

Ann Maria Buntinx

Director

Active

Geert Berckmans

Director

Active

Ended mandates

Ann Buntinx

Director · since 03 mars 2023

Ended

Geert Berckmans

Director · since 03 mars 2023

Ended

Geert Berckmans

Managing director · since 01 décembre 2021 · until 01 décembre 2021

Ended

Ann Buntinx

Managing director · since 01 juin 2021 · until 01 juin 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Vereniging van Mede-eigenaars Residentie Felix Knokke-Heist(Heist) Graaf d'Ursellaan 43● Active	0897.011.854
YESCOMPANY● Active	0730.887.476

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2026	29/08/2025	27/09/2024	30/06/2023	30/08/2022	31/08/2021
General meeting	30/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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
Micro model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Micro model	31/12/2024	03/06/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	04/06/2024	27/09/2024	Dutch	PDF
Micro model	31/12/2022	06/06/2023	30/06/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	01/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	04/06/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	05/06/2018	02/08/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	02/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	05/06/2012	11/06/2012	Dutch	PDF
Abridged model	31/12/2010	07/06/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	27/10/2009	30/10/2009	Dutch	PDF
Abridged model	31/12/2007	16/11/2008	15/12/2008	Dutch	PDF
Abridged model	31/12/2006	16/08/2007	22/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 2 active · 18 ended

Active mandates

Ann Maria Buntinx

Director

Active

Geert Berckmans

Director

Active

Ended mandates

Ann Buntinx

Director · since 03 mars 2023

Ended

Geert Berckmans

Director · since 03 mars 2023

Ended

Geert Berckmans

Managing director · since 01 décembre 2021 · until 01 décembre 2021

Ended

Ann Buntinx

Managing director · since 01 juin 2021 · until 01 juin 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office05/05/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/04/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2010
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/10/2004
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

2025
Annual accounts 2025652,4 k €↑
2024
Annual accounts 202435,5 k €↑
2023
Annual accounts 202327,2 k €↓
2023
Name changeXelor
2022
Annual accounts 202236 k €↑
2021
Annual accounts 202131,5 k €↓
2021
Name changeBERCK CONSULT
2020
Annual accounts 202035,5 k €↑
2019
Annual accounts 2019-28,3 k €↓
2018
Annual accounts 20185,1 k €↑
2017
Annual accounts 2017-29,4 k €↓
2016
Annual accounts 20162,5 k €↓
2015
Annual accounts 201521,9 k €↓
2014
Annual accounts 201440,6 k €↓
2013
Annual accounts 2013185,5 k €↑
2012
Annual accounts 201259,8 k €↓
2011
Annual accounts 201185,9 k €↑
2010
Annual accounts 201012,7 k €↓
2009
Annual accounts 200924,9 k €↓
2008
Annual accounts 200865,9 k €↑
2007
Annual accounts 200754,8 k €↑
2006
Annual accounts 200654,5 k €
15/09/1998
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

Xelor

Overview

What does Xelor do?

Trend over 20 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