ACTIVE

XANDEL

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Financial year 2025 · closed on 30/09/2025

Net result

440,8 k €

-1.8% YoY

Gross margin

607,2 k €

-3.5% YoY

Equity

3,2 M €

+16.2% YoY

What does XANDEL do?

XANDEL is a Private limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.923.111

Incorporation

31/12/2004

Legal form

Private limited company

Registered office

Boezingestraat(Kor) 4
8500 Kortrijk · FlandreSee on map

Contributed capital

625 245,20 €

Latest accounts

30/09/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74151Specialised design activities 43211Electrical installation 43211Electrical installation 43221Plumbing, heat and air-conditioning installation+6

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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	607,2 k €	-3.5%	629,2 k €	+51.6%	415 k €	+50.4%	276 k €	+23.6%	223,2 k €	+29.3%	172,6 k €	-3.2%	178,3 k €	+125%	79,2 k €	-39.1%	130 k €	+68.3%	77,3 k €	-29.2%	109,1 k €	-42.1%	188,5 k €	-58.3%	452,6 k €	+60.1%	282,7 k €	+27.8%	221,1 k €	-9.4%	244,2 k €	+120%	111,1 k €	-23.6%	145,4 k €	-18.3%	177,9 k €
EBITDA	604,1 k €	-3.6%	626,9 k €	+51.9%	412,7 k €	+50.4%	274,4 k €	+24.2%	221 k €	+29.8%	170,3 k €	-3.5%	176,4 k €	+127%	77,8 k €	-39.5%	128,6 k €	+69.9%	75,7 k €	-29.9%	107,9 k €	-42.4%	187,3 k €	-58.5%	451,4 k €	+60.1%	281,9 k €	+27.9%	220,3 k €	-9.5%	243,4 k €	+120%	110,4 k €	-23.8%	144,9 k €	-18.4%	177,5 k €
Operating result	604,1 k €	-3.6%	626,9 k €	+55.9%	402,1 k €	+52.5%	263,7 k €	+25.4%	210,2 k €	+32.0%	159,3 k €	-4.0%	166 k €	+113%	77,8 k €	-39.4%	128,3 k €	+70.5%	75,3 k €	-29.9%	107,4 k €	-42.4%	186,5 k €	-58.6%	451 k €	+62.4%	277,6 k €	+28.6%	215,9 k €	-9.6%	238,8 k €	+126%	105,7 k €	-26.3%	143,4 k €	-18.5%	176 k €
Net result	440,8 k €	-1.8%	449 k €	+52.7%	293,9 k €	+39.6%	210,6 k €	+19.0%	177 k €	+39.6%	126,8 k €	+5.2%	120,6 k €	+111%	57,1 k €	-42.0%	98,4 k €	+362%	21,3 k €	-75.9%	88,2 k €	-38.7%	143,7 k €	-53.0%	306 k €	+59.2%	192,2 k €	+27.3%	151 k €	-8.8%	165,6 k €	+103%	81,6 k €	-21.0%	103,3 k €	-13.2%	118,9 k €
Balance sheet
Equity	3,2 M €	+16.2%	2,7 M €	+19.8%	2,3 M €	+14.9%	2 M €	+11.9%	1,8 M €	+11.1%	1,6 M €	+8.7%	1,5 M €	+9.0%	1,3 M €	+4.4%	1,3 M €	+8.3%	1,2 M €	+1.8%	1,2 M €	+8.2%	1,1 M €	+7.5%	1 M €	+44.0%	696 k €	+38.2%	503,8 k €	-8.9%	552,8 k €	+42.8%	387,1 k €	+26.7%	305,5 k €	+51.1%	202,2 k €
Total assets	3,6 M €	+10.3%	3,2 M €	+20.1%	2,7 M €	+14.6%	2,3 M €	+11.2%	2,1 M €	+10.5%	1,9 M €	+7.8%	1,8 M €	+9.8%	1,6 M €	+3.5%	1,6 M €	+1.7%	1,5 M €	+8.8%	1,4 M €	+7.6%	1,3 M €	+3.0%	1,3 M €	+37.7%	920 k €	+31.9%	697,7 k €	+18.4%	589,3 k €	+46.6%	401,9 k €	+27.3%	315,6 k €	+44.8%	218 k €
Cash	1,5 M €	+9262%	16,5 k €	+0.0%	16,5 k €	-89.1%	151,9 k €	+312%	36,9 k €	-84.3%	234,4 k €	-24.3%	309,5 k €	+163%	117,8 k €	+2673%	4,2 k €	-96.8%	130,8 k €	+356%	28,7 k €	+309%	7 k €		–		19,3 k €	+12.7%	17,1 k €	+331%	4 k €	-76.2%	16,7 k €	+516%	2,7 k €	+2107%	123 €
Debts	376,6 k €	-19.7%	469 k €	+20.6%	388,7 k €	+13.4%	342,6 k €	+7.4%	319 k €	+6.4%	299,9 k €	+3.0%	291,1 k €	+16.0%	251 k €	+0.2%	250,6 k €	-23.6%	328,1 k €	+45.6%	225,3 k €	+5.5%	213,5 k €	-14.7%	250,3 k €	+19.4%	209,6 k €	+13.3%	184,9 k €	+406%	36,5 k €	+156%	14,3 k €	+43.7%	9,9 k €	-37.2%	15,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Christophe DELAERE

Director · since 28 décembre 2004

Active

Ended mandates

Christophe DELAERE

Director · since 31 décembre 2004

Ended

Christophe Delaere

Manager · since 28 décembre 2004

Ended

Christophe DELAERE

Director

Ended

Christophe DELAERE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
XAN-INVEST● Active	0723.660.877

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	01/10/2024	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	21/04/2026	31/03/2025	22/03/2024	29/03/2023	21/03/2022	08/03/2021
General meeting	25/03/2026	07/03/2025	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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
Abridged model	30/09/2025	25/03/2026	21/04/2026	Dutch	PDF
Abridged model	30/09/2024	07/03/2025	31/03/2025	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	22/03/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	29/03/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	21/03/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	08/03/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	18/03/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	20/03/2019	Dutch	PDF
Abridged model	30/09/2017	02/03/2018	26/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	13/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	09/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	25/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	10/03/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	22/03/2013	Dutch	PDF
Abridged model	30/09/2011	02/03/2012	27/03/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	07/03/2011	Dutch	PDF
Abridged model	30/09/2009	05/03/2010	08/03/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	25/03/2009	Dutch	PDF
Abridged model	30/09/2007	07/03/2008	10/03/2008	Dutch	PDF
Abridged model	30/09/2006	02/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 ended

Active mandates

Christophe DELAERE

Director · since 28 décembre 2004

Active

Ended mandates

Christophe DELAERE

Director · since 31 décembre 2004

Ended

Christophe Delaere

Manager · since 28 décembre 2004

Ended

Christophe DELAERE

Director

Ended

Christophe DELAERE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other27/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares28/10/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other12/01/2005
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 2025440,8 k €↓
2024
Annual accounts 2024449 k €↑
2023
Annual accounts 2023293,9 k €↑
2022
Annual accounts 2022210,6 k €↑
2021
Annual accounts 2021177 k €↑
2020
Annual accounts 2020126,8 k €↑
2019
Annual accounts 2019120,6 k €↑
2018
Annual accounts 201857,1 k €↓
2017
Annual accounts 201798,4 k €↑
2016
Annual accounts 201621,3 k €↓
2015
Annual accounts 201588,2 k €↓
2014
Annual accounts 2014143,7 k €↓
2013
Annual accounts 2013306 k €↑
2012
Annual accounts 2012192,2 k €↑
2011
Annual accounts 2011151 k €↓
2010
Annual accounts 2010165,6 k €↑
2009
Annual accounts 200981,6 k €↓
2008
Annual accounts 2008103,3 k €↓
2007
Annual accounts 2007118,9 k €
31/12/2004
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

XANDEL

Overview

What does XANDEL do?

Trend over 19 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