ACTIVE

XIV

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Financial year 2025 · closed on 31/12/2025

Net result

42,5 k €

-2.1% YoY

Gross margin

81,8 k €

+0.8% YoY

Equity

185,1 k €

+29.1% YoY

What does XIV do?

XIV is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0837.795.136

Incorporation

08/07/2011

Legal form

Private limited company

Registered office

Eedverbondkaai 242 box 24
9000 Gent · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 62020Computer consultancy activities 62200Computer programming, consultancy and related activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	81,8 k €	+0.8%	81,2 k €	+46.2%	55,5 k €	-2.6%	57 k €	+14.0%	50 k €	+80.8%	27,7 k €	+21.4%	22,8 k €	+75.0%	13 k €	+151%	-25,3 k €	-136%	69,8 k €	+311%	17 k €	-41.5%	29 k €	+176%	10,5 k €	-56.6%	24,2 k €
EBITDA	75,3 k €	+0.7%	74,8 k €	+52.2%	49,2 k €	+7.7%	45,7 k €	+3.6%	44,1 k €	+138%	18,5 k €	-8.0%	20,1 k €	+72.0%	11,7 k €	+142%	-27,5 k €	-145%	61,8 k €	+331%	14,3 k €	-47.5%	27,3 k €	+227%	8,3 k €	-60.6%	21,2 k €
Operating result	62,7 k €	-1.8%	63,9 k €	+51.6%	42,1 k €	-6.0%	44,8 k €	+3.9%	43,1 k €	+137%	18,1 k €	+70.4%	10,7 k €	+620%	-2 k €	+95.1%	-41,6 k €	-188%	47,1 k €	+1455%	3 k €	-88.1%	25,4 k €	+283%	6,6 k €	-66.0%	19,5 k €
Net result	42,5 k €	-2.1%	43,5 k €	+56.1%	27,8 k €	-5.9%	29,6 k €	+2.9%	28,7 k €	+324%	6,8 k €	-29.0%	9,5 k €	+24387%	38,9 €	+100%	-40,2 k €	-219%	33,7 k €	+2971%	-1,2 k €	-109%	13,6 k €	+66.7%	8,2 k €	-36.9%	12,9 k €
Balance sheet
Equity	185,1 k €	+29.1%	143,4 k €	+42.3%	100,8 k €	+36.5%	73,8 k €	+63.7%	45,1 k €	+176%	16,4 k €	+57.5%	10,4 k €	+525%	1,7 k €	-91.8%	20,3 k €	-66.4%	60,4 k €	+126%	26,8 k €	-4.2%	27,9 k €	+95.1%	14,3 k €	-25.2%	19,1 k €
Total assets	275,7 k €	+5.7%	260,9 k €	+4.9%	248,7 k €	+69.6%	146,7 k €	+60.8%	91,2 k €	+20.6%	75,7 k €	+15.3%	65,6 k €	+3.0%	63,7 k €	-55.2%	142,1 k €	-1.8%	144,8 k €	+28.4%	112,8 k €	+143%	46,4 k €	+9.3%	42,5 k €	-3.6%	44 k €
Cash	32,7 k €	-51.6%	67,5 k €	+417%	13,1 k €	-34.7%	20 k €	+71.8%	11,6 k €	+1782%	618,9 €	+1.9%	607,5 €	-63.1%	1,6 k €	-84.2%	10,4 k €	+244%	3 k €	-82.2%	17 k €	+293%	4,3 k €	-88.0%	36,1 k €	+56.9%	23 k €
Debts	90,5 k €	-22.9%	117,4 k €	-20.6%	147,9 k €	+103%	72,8 k €	+57.8%	46,1 k €	-22.2%	59,3 k €	+7.3%	55,2 k €	-11.0%	62,1 k €	-49.1%	121,9 k €	+44.5%	84,3 k €	-1.9%	85,9 k €	+364%	18,5 k €	-34.3%	28,2 k €	+13.1%	24,9 k €

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 31/12/2025 · 1 active · 2 ended

Active mandates

Pieter Ardinois

Director · since 05 décembre 2023

Active

Ended mandates

Pieter Ardinois

Director · since 08 juillet 2011

Ended

Pieter Ardinois

Manager · since 08 juillet 2011

Ended

At this address

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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	31/07/2026	28/07/2025	28/06/2024	31/08/2023	31/08/2022	28/09/2021
General meeting	30/07/2026	28/07/2025	28/06/2024	31/07/2023	24/06/2022	25/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/07/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	28/07/2025	28/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	28/06/2024	Dutch	PDF
Micro model	31/12/2022	31/07/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	24/06/2022	31/08/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	28/09/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	26/10/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	26/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	30/08/2013	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 31/12/2025 · 1 active · 2 ended

Active mandates

Pieter Ardinois

Director · since 05 décembre 2023

Active

Ended mandates

Pieter Ardinois

Director · since 08 juillet 2011

Ended

Pieter Ardinois

Manager · since 08 juillet 2011

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/08/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other25/07/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202542,5 k €↓
2024
Annual accounts 202443,5 k €↑
2023
Annual accounts 202327,8 k €↓
2022
Annual accounts 202229,6 k €↑
2021
Annual accounts 202128,7 k €↑
2020
Annual accounts 20206,8 k €↓
2019
Annual accounts 20199,5 k €↑
2018
Annual accounts 201838,9 €↑
2017
Annual accounts 2017-40,2 k €↓
2016
Annual accounts 201633,7 k €↑
2015
Annual accounts 2015-1,2 k €↓
2014
Annual accounts 201413,6 k €↑
2013
Annual accounts 20138,2 k €↓
2012
Annual accounts 201212,9 k €
08/07/2011
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

XIV

Overview

What does XIV do?

Trend over 14 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