NORMAL SITUATION

TARGET XL

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Financial year 2025 · closed on 31/12/2025

Net result

-62,9 k €

-131.3% YoY

Gross margin

32,6 k €

-84.8% YoY

Equity

738,1 k €

-7.9% YoY

Company — Normal situation.

Strike-off: 10 juillet 2026

What does TARGET XL do?

TARGET XL is a Private limited company incorporated in 2005.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.600.291

Incorporation

18/08/2005

Legal form

Private limited company

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

Solid equityGood liquidity

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		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	32,6 k €	-84.8%	214,2 k €	+165%	80,9 k €	-40.1%	134,9 k €	+6.7%	126,5 k €	+39.1%	90,9 k €	-16.1%	108,4 k €	-46.0%	200,8 k €	+161%	77 k €	+446%	14,1 k €	-80.0%	70,5 k €	+30.1%	54,2 k €	-43.5%	96 k €	+14.0%	84,2 k €	-3.4%	87,2 k €	+186%	30,4 k €	-74.6%	120,1 k €	-4.4%	125,6 k €	+205%	41,2 k €
EBITDA	-41,4 k €	-119%	212,8 k €	+167%	79,6 k €	-40.0%	132,7 k €	+6.0%	125,2 k €	+40.1%	89,4 k €	-16.4%	106,9 k €	-46.1%	198,2 k €	+166%	74,4 k €	+122%	33,6 k €	-26.0%	45,3 k €	-9.1%	49,9 k €	-46.2%	92,7 k €	+16.3%	79,8 k €	-5.6%	84,5 k €	+211%	27,2 k €	-76.8%	117,3 k €	-4.8%	123,2 k €	+210%	39,8 k €
Operating result	-50 k €	-124%	204,2 k €	+209%	66 k €	-45.4%	120,8 k €	+7.8%	112,1 k €	+49.4%	75 k €	-18.5%	92 k €	-51.5%	189,7 k €	+229%	57,6 k €	+1626%	3,3 k €	-72.1%	12 k €	-60.7%	30,4 k €	-44.5%	54,8 k €	-16.5%	65,6 k €	-16.9%	79 k €	+327%	18,5 k €	-83.8%	114,6 k €	-5.4%	121,1 k €	+219%	38 k €
Net result	-62,9 k €	-131%	200,8 k €	+359%	43,7 k €	-47.7%	83,7 k €	+7.2%	78 k €	+54.3%	50,6 k €	-21.3%	64,2 k €	-41.8%	110,5 k €	+218%	34,7 k €	+778%	-5,1 k €	-150%	10,3 k €	-60.6%	26,1 k €	-25.0%	34,8 k €	-23.9%	45,7 k €	-17.3%	55,3 k €	+218%	17,4 k €	-78.7%	81,9 k €	-0.6%	82,3 k €	+234%	24,7 k €
Balance sheet
Equity	738,1 k €	-7.9%	801 k €	+33.4%	600,3 k €	+7.9%	556,5 k €	+17.7%	472,9 k €	+21.8%	388,2 k €	+15.0%	337,7 k €	-34.3%	513,8 k €	+27.4%	403,4 k €	+9.4%	368,6 k €	-1.4%	373,8 k €	+2.8%	363,5 k €	+0.7%	360,8 k €	+10.7%	326 k €	+16.3%	280,2 k €	+24.6%	224,9 k €	+8.4%	207,5 k €	+83.3%	113,2 k €	+267%	30,9 k €
Total assets	776,3 k €	-7.5%	839,1 k €	+31.0%	640,4 k €	-6.2%	682,8 k €	+15.6%	590,8 k €	+22.4%	482,6 k €	+2.3%	472 k €	-28.8%	662,7 k €	+28.1%	517,2 k €	+12.1%	461,5 k €	-6.8%	495 k €	+25.3%	395,2 k €	-9.5%	436,7 k €	+14.7%	380,9 k €	-8.3%	415,2 k €	+51.5%	274,1 k €	+10.8%	247,4 k €	+38.4%	178,7 k €	+205%	58,7 k €
Cash	184,7 k €	+219%	58 k €	-70.4%	195,6 k €	-62.6%	522,6 k €	+15.0%	454,3 k €	+43.9%	315,7 k €	+8.2%	291,7 k €	-43.7%	518 k €	+182%	183,8 k €	+64.6%	111,7 k €	-4.1%	116,4 k €	-35.3%	180 k €	+36.0%	132,4 k €	-29.6%	188,1 k €	+42.9%	131,6 k €	+10.3%	119,4 k €	-39.5%	197,3 k €	+23.9%	159,2 k €	+353%	35,1 k €
Debts	36,5 k €	+0.3%	36,4 k €	-6.8%	39,1 k €	-68.8%	125,5 k €	+7.0%	117,3 k €	+25.7%	93,4 k €	-30.0%	133,3 k €	-9.9%	147,9 k €	+47.2%	100,4 k €	+9.3%	91,9 k €	-6.8%	98,6 k €	+221%	30,7 k €	-58.7%	74,2 k €	+37.6%	54 k €	-60.0%	135 k €	+188%	46,9 k €	+17.6%	39,9 k €	-39.1%	65,5 k €	+136%	27,8 k €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Mathieu Theodoor G Broens

Director · since 18 mai 2005

Active

Ended mandates

Benjamin Broens

Associate

Ended

Mathieu Broens

Manager

Ended

Mathieu Broens

Associate

Ended

Mathieu Theodoor G Broens

Manager

Ended

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	02/06/2026	24/06/2025	20/06/2024	23/06/2023	13/06/2022	10/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	07/06/2022	07/06/2021
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	01/06/2026	02/06/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	24/06/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	20/06/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	23/06/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	13/06/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	10/06/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	21/06/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	06/06/2018	Dutch	PDF
Abridged model	31/12/2016	06/06/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	22/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	10/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	13/08/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 4 ended

Active mandates

Mathieu Theodoor G Broens

Director · since 18 mai 2005

Active

Ended mandates

Benjamin Broens

Associate

Ended

Mathieu Broens

Manager

Ended

Mathieu Broens

Associate

Ended

Mathieu Theodoor G Broens

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-62,9 k €↓
2024
Annual accounts 2024200,8 k €↑
2023
Annual accounts 202343,7 k €↓
2022
Annual accounts 202283,7 k €↑
2021
Annual accounts 202178 k €↑
2019
Annual accounts 201950,6 k €↓
2018
Annual accounts 201864,2 k €↓
2017
Annual accounts 2017110,5 k €↑
2016
Annual accounts 201634,7 k €↑
2015
Annual accounts 2015-5,1 k €↓
2014
Annual accounts 201410,3 k €↓
2013
Annual accounts 201326,1 k €↓
2012
Annual accounts 201234,8 k €↓
2011
Annual accounts 201145,7 k €↓
2010
Annual accounts 201055,3 k €↑
2009
Annual accounts 200917,4 k €↓
2008
Annual accounts 200881,9 k €↓
2007
Annual accounts 200782,3 k €↑
2006
Annual accounts 200624,7 k €
18/08/2005
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

TARGET XL

Overview

What does TARGET XL do?

Trend over 19 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline