ACTIVE

X-RIS

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Financial year 2025 · closed on 30/09/2025
Net result
1,8 M €
-27.5% YoY
Gross margin
4,5 M €
-3.8% YoY
Equity
4,2 M €
+18.9% YoY
Workforce
32,0 ETP
+26.5% YoY

What does X-RIS do?

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 Herstal. 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 d'Abhooz 25
4040 Herstal · 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· main26510Manufacture of instruments and appliances for measuring, testing and navigation46460Wholesale of pharmaceutical goods46460Wholesale of pharmaceutical goods62010Computer programming activities62100Computer programming, consultancy and related activities+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin4,5 M €4,7 M €3,0 M €2,7 M €3,0 M €2,9 M €2,7 M €2,0 M €1,6 M €1,7 M €963,6 k €679,2 k €320,4 k €124,0 k €72,7 k €4,8 k €
EBITDA2,1 M €2,8 M €1,5 M €1,6 M €2,0 M €1,9 M €1,6 M €1,3 M €1,1 M €1,2 M €672,9 k €477,5 k €199,2 k €77,8 k €66,0 k €3,9 k €
Operating result1,9 M €2,6 M €1,5 M €1,4 M €1,8 M €1,7 M €1,4 M €1,1 M €974,1 k €1,0 M €496,4 k €412,9 k €187,2 k €62,3 k €49,7 k €1,9 k €
Net result1,8 M €2,4 M €1,4 M €1,3 M €1,6 M €2,0 M €1,4 M €1,1 M €856,8 k €718,2 k €455,2 k €322,5 k €131,9 k €51,6 k €48,0 k €797,0 €
Balance sheet
Equity4,2 M €3,6 M €3,7 M €3,4 M €2,6 M €2,4 M €1,8 M €3,4 M €2,4 M €1,7 M €954,0 k €498,8 k €181,4 k €112,5 k €82,8 k €34,8 k €
Total assets10,8 M €10,2 M €6,8 M €5,8 M €5,7 M €6,1 M €6,1 M €4,8 M €3,9 M €3,0 M €2,2 M €1,5 M €853,4 k €404,8 k €139,9 k €68,1 k €
Cash1,3 M €2,1 M €1,4 M €1,9 M €1,5 M €1,4 M €1,9 M €920,9 k €446,4 k €114,2 k €213,4 k €107,5 k €127,8 k €171,3 k €69,4 k €13,3 k €
Debts4,5 M €5,3 M €2,8 M €1,9 M €2,4 M €2,3 M €3,8 M €749,3 k €954,5 k €952,4 k €658,5 k €548,7 k €633,9 k €292,3 k €57,0 k €33,3 k €
Other
Workforce32,0 ETP25,3 ETP20,4 ETP17,5 ETP15,4 ETP14,2 ETP13,3 ETP10,9 ETP8,3 ETP7,1 ETP5,8 ETP5,0 ETP1,8 ETP1,0 ETP0,4 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 30/09/2025 · 1 active · 10 ended

Active mandates

NDTS

Managing director · since 13 décembre 2019 · 0739.565.612

Represented by Nicolas POELST

Active

Ended mandates

Stéphane FABRY

Director · since 01 août 2012 · until 12 décembre 2019

Ended
Stéphane FABRY

Manager · since 01 août 2012 · until 13 décembre 2019

Ended
Stéphane FABRY

Manager · since 01 août 2012

Ended
Christophe GREFFE

Manager · since 14 janvier 2009 · until 15 novembre 2019

Ended
At this address

Other companies at this address

CompanyCBE no.
HDEX● Active
0752.826.995
NDTS● Active
0739.565.612
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/03/202630/01/202530/04/202424/02/202317/01/202211/01/2021
General meeting22/12/202527/12/202420/12/202315/12/202215/12/202115/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202522/12/202518/03/2026FrenchPDF
Abridged model30/09/202427/12/202430/01/2025FrenchPDF
Abridged model30/09/202320/12/202330/04/2024FrenchPDF
Abridged model30/09/202215/12/202224/02/2023FrenchPDF
Abridged model30/09/202115/12/202117/01/2022FrenchPDF
Abridged model30/09/202015/12/202011/01/2021FrenchPDF
Abridged model30/09/201919/12/201930/01/2020FrenchPDF
Abridged model30/09/201812/03/201930/04/2019FrenchPDF
Abridged model30/09/201729/06/201829/07/2018FrenchPDF
Abridged model30/09/201631/03/201725/04/2017FrenchPDF
Abridged model30/09/201531/03/201619/04/2016FrenchPDF
Abridged model30/09/201431/03/201517/04/2015FrenchPDF
Abridged model30/09/201325/04/201413/05/2014FrenchPDF
Abridged model30/09/201229/03/201313/05/2013FrenchPDF
Abridged model30/09/201130/03/201230/03/2012FrenchPDF
Abridged model30/09/201002/02/201128/03/2011FrenchPDF
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 30/09/2025 · 1 active · 10 ended

Active mandates

NDTS

Managing director · since 13 décembre 2019 · 0739.565.612

Represented by Nicolas POELST

Active

Ended mandates

Stéphane FABRY

Director · since 01 août 2012 · until 12 décembre 2019

Ended
Stéphane FABRY

Manager · since 01 août 2012 · until 13 décembre 2019

Ended
Stéphane FABRY

Manager · since 01 août 2012

Ended
Christophe GREFFE

Manager · since 14 janvier 2009 · until 15 novembre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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

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

Timeline

  1. 2025
    Annual accounts 20251,8 M €↓
  2. 2024
    Annual accounts 20242,4 M €↑
  3. 2023
    Annual accounts 20231,4 M €↑
  4. 2022
    Annual accounts 20221,3 M €↓
  5. 2021
    Annual accounts 20211,6 M €↓
  6. 2020
    Annual accounts 20202,0 M €↑
  7. 2019
    Annual accounts 20191,4 M €↑
  8. 2018
    Annual accounts 20181,1 M €↑
  9. 2017
    Annual accounts 2017856,8 k €↑
  10. 2016
    Annual accounts 2016718,2 k €↑
  11. 2015
    Annual accounts 2015455,2 k €↑
  12. 2014
    Annual accounts 2014322,5 k €↑
  13. 2013
    Annual accounts 2013131,9 k €↑
  14. 2012
    Annual accounts 201251,6 k €↑
  15. 2011
    Annual accounts 201148,0 k €↑
  16. 2010
    Annual accounts 2010797,0 €
  17. 16/01/2009
    IncorporationPrivate limited company