ACTIVE

X-RIS

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Financial year 2025 · Closed on 30/09/2025

Net result1,8 M €-27,5 %over 1 year

Gross margin4,5 M €-3,8 %over 1 year

Equity4,2 M €+18,9 %over 1 year

Workforce32,0 ETP+26,5 %over 1 year

Identity

Source · BCE/KBO

X-RIS is a Private limited company incorporated in 2009. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Seraing. It employs on average 32,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0809.169.941
Incorporation: 16/01/2009
Legal form: Private limited company
Registered office: Rue Louis Plescia 38
4102 Seraing · WallonieSee on map
Contributed capital: 34 000,00 €
Latest accounts: 30/09/2025
Average workforce: 32,0 ETP

Activities (NACE)

26510Manufacture of instruments and appliances for measuring, testing and navigation· main 26510Manufacture of instruments and appliances for measuring, testing and navigation 46460Wholesale of pharmaceutical goods 46460Wholesale of pharmaceutical goods 62010Computer programming activities 62100Computer programming, consultancy and related activities+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 16 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	4,5 M €	-3.8%	4,7 M €	+58.6%	3 M €	+11.2%	2,7 M €	-9.7%	3 M €
EBITDA	2,1 M €	-25.8%	2,8 M €	+88.0%	1,5 M €	-5.3%	1,6 M €	-21.3%	2 M €
Operating result	1,9 M €	-27.0%	2,6 M €	+80.3%	1,5 M €	+2.3%	1,4 M €	-22.8%	1,8 M €
Net result	1,8 M €	-27.5%	2,4 M €	+78.7%	1,4 M €	+4.0%	1,3 M €	-20.7%	1,6 M €
Balance sheet
Equity	4,2 M €	+18.9%	3,6 M €	-3.9%	3,7 M €	+9.3%	3,4 M €	+28.9%	2,6 M €
Total assets	10,8 M €	+6.4%	10,2 M €	+50.3%	6,8 M €	+16.0%	5,8 M €	+1.8%	5,7 M €
Cash	1,3 M €	-35.9%	2,1 M €	+48.4%	1,4 M €	-25.0%	1,9 M €	+20.8%	1,5 M €
Debts	4,5 M €	-16.0%	5,3 M €	+91.2%	2,8 M €	+46.0%	1,9 M €	-20.1%	2,4 M €
Other
Workforce	32,0 ETP	+26.5%	25,3 ETP	+24.0%	20,4 ETP	+16.6%	17,5 ETP	+13.6%	15,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NDTS0739.565.612Represented by Nicolas POELST	Managing directorsince 13/12/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stéphane FABRY	Director01/08/2012 → 12/12/2019Manager01/08/2012 → 2019 accounts
Christophe GREFFE	Manager14/01/2009 → 2019 accounts

Full financial information

Source · NBB

	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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/03/2026	30/01/2025	30/04/2024	24/02/2023	17/01/2022	11/01/2021
General meeting	22/12/2025	27/12/2024	20/12/2023	15/12/2022	15/12/2021	15/12/2020
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	22/12/2025	18/03/2026	French	PDF
Abridged model	30/09/2024	27/12/2024	30/01/2025	French	PDF
Abridged model	30/09/2023	20/12/2023	30/04/2024	French	PDF
Abridged model	30/09/2022	15/12/2022	24/02/2023	French	PDF
Abridged model	30/09/2021	15/12/2021	17/01/2022	French	PDF
Abridged model	30/09/2020	15/12/2020	11/01/2021	French	PDF
Abridged model	30/09/2019	19/12/2019	30/01/2020	French	PDF
Abridged model	30/09/2018	12/03/2019	30/04/2019	French	PDF
Abridged model	30/09/2017	29/06/2018	29/07/2018	French	PDF
Abridged model	30/09/2016	31/03/2017	25/04/2017	French	PDF
Abridged model	30/09/2015	31/03/2016	19/04/2016	French	PDF
Abridged model	30/09/2014	31/03/2015	17/04/2015	French	PDF
Abridged model	30/09/2013	25/04/2014	13/05/2014	French	PDF
Abridged model	30/09/2012	29/03/2013	13/05/2013	French	PDF
Abridged model	30/09/2011	30/03/2012	30/03/2012	French	PDF
Abridged model	30/09/2010	02/02/2011	28/03/2011	French	PDF

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.

Board of directors

Source · NBB, accounts to 30/09/2025

1 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
NDTS0739.565.612Represented by Nicolas POELST	Managing directorsince 13/12/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stéphane FABRY	Director01/08/2012 → 12/12/2019Manager01/08/2012 → 2019 accounts
Christophe GREFFE	Manager14/01/2009 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office30/09/2026
SIEGE
PDF
Mandates29/05/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/12/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office11/02/2016
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Registered office12/03/2014
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates29/10/2012
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Other20/01/2009
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

NDTS

Stéphane FABRY

Nicolas POELST

Nicolas Edouard Christia POELST

Christophe GREFFE

Christophe Marie Antoine GREFFE

Nicolas Edouard Christian POELST

200920102011201220132014201520162017201820192020202120222023202420252026

X-RIS

Rue d'Abhooz 25, 4040 Herstal

Managing director

DirectorManager

Manager

DirectorManager

Manager

DirectorManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Louis Plescia 38, 4102 OugréeCurrent	CBE since 01/10/2026	CBE
Rue d'Abhooz 25, 4040 Herstal	CBE until 01/10/2026	CBE
Rue d'Abhooz 25, 4040 Herstal	accounts 2022 → 2025	Accounts 2025 · 2026-00056112

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
X-RISCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00056112

Events

2025
Annual accounts 20251,8 M €↓
2024
Annual accounts 20242,4 M €↑
2023
Annual accounts 20231,4 M €↑
2022
Annual accounts 20221,3 M €↓
2021
Annual accounts 20211,6 M €↓
2020
Annual accounts 20202 M €↑
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 20181,1 M €↑
2017
Annual accounts 2017856,8 k €↑
2016
Annual accounts 2016718,2 k €↑
2015
Annual accounts 2015455,2 k €↑
2014
Annual accounts 2014322,5 k €↑
2013
Annual accounts 2013131,9 k €↑
2012
Annual accounts 201251,6 k €↑
2011
Annual accounts 201148 k €↑
2010
Annual accounts 2010797 €
16/01/2009
IncorporationPrivate limited company

X-RIS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events