ACTIVE

XSARD

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Financial year 2025 · Closed on 31/12/2025

Net result-19 k €-279,0 %over 1 year

Gross margin14,1 k €-7,8 %over 1 year

Equity-29 k €-189,7 %over 1 year

Identity

Source · BCE/KBO

XSARD is a Public limited company incorporated in 2005. Its registered office is in Brasschaat.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0876.124.190
Incorporation: 19/09/2005
Legal form: Public limited company
Registered office: Guylei 9
2930 Brasschaat · FlandreSee on map
Contributed capital: 61 500,00 €
Latest accounts: 31/12/2025

Signals

Positive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	14,1 k €	-7.8%	15,3 k €	+386%	-5,4 k €	-224%	4,3 k €	-24.5%	5,7 k €
EBITDA	2,7 k €	-42.1%	4,7 k €	+130%	-15,9 k €	-161%	-6,1 k €	-558%	-927,7 €
Operating result	-18,9 k €	-281%	-5 k €	+79.7%	-24,5 k €	-66.8%	-14,7 k €	-54.4%	-9,5 k €
Net result	-19 k €	-279%	-5 k €	+79.6%	-24,5 k €	-66.5%	-14,7 k €	-54.3%	-9,6 k €
Balance sheet
Equity	-29 k €	-190%	-10 k €	-100%	-5 k €	-126%	19,5 k €	-43.0%	34,3 k €
Total assets	678,5 k €	-3.4%	702,4 k €	+312%	170,5 k €	-4.6%	178,8 k €	-1.8%	182,1 k €
Cash	1,6 k €	-79.3%	7,9 k €	+38.2%	5,7 k €	+5.2%	5,5 k €	+3035%	173,9 €
Debts	707,5 k €	-0.7%	712,4 k €	+306%	175,5 k €	+10.2%	159,3 k €	+7.7%	147,8 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Krsto Ivanovic	Managing director14/06/2011 → 12/06/2029Director2010 accountsended
Vera Drozdik	Director14/06/2011 → 12/06/2029
Vladimir Ivanovic	Director14/06/2011 → 12/06/2029Mandate2018 accountsended

Other companies at this address

Guylei 9 2930 Brasschaat

Company	CBE no.
FORAS● Active	0699.513.421

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged 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	28/08/2026	30/07/2025	17/06/2024	15/06/2023	16/06/2022	09/06/2021
General meeting	28/08/2026	30/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	28/08/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	30/07/2025	Dutch	PDF
Abridged model	31/12/2023	11/06/2024	17/06/2024	Dutch	PDF
Abridged model	31/12/2022	13/06/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	14/06/2022	16/06/2022	Dutch	PDF
Abridged model	31/12/2020	08/06/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	13/08/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	18/09/2018	Dutch	PDF
Abridged model	31/12/2016	13/06/2017	15/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	02/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	20/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	27/09/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	04/08/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	19/06/2009	Dutch	PDF
Abridged model	31/12/2007	10/06/2008	15/07/2008	Dutch	PDF
Abridged model	31/12/2006	12/06/2007	28/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Krsto Ivanovic	Managing director14/06/2011 → 12/06/2029Director2010 accountsended
Vera Drozdik	Director14/06/2011 → 12/06/2029
Vladimir Ivanovic	Director14/06/2011 → 12/06/2029Mandate2018 accountsended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/06/2021
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/03/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/01/2018
Ontslag en benoeming bestuurders/gedelegeerd bestuurder
PDF
Registered office23/07/2015
Verplaatsing maatschappelijke zetel
PDF
Capital / shares05/01/2012
KAPITAAL - AANDELEN
PDF
Registered office14/09/2010
Wijziging maatschappelijke zetel
PDF
Other27/09/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

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

Filings20 filings

Mandates

Vladimir Ivanovic

Krsto Ivanovic

Vera Drozdik

2005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

XSARD

Guylei 9, 2930 Brasschaat

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Guylei 9, 2930 BrasschaatCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00443772

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
XSARDCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00443772

Events

2025
Annual accounts 2025-19 k €↓
2024
Annual accounts 2024-5 k €↑
2023
Annual accounts 2023-24,5 k €↓
2022
Annual accounts 2022-14,7 k €↓
2021
Annual accounts 2021-9,6 k €↑
2020
Annual accounts 2020-20,7 k €↓
2019
Annual accounts 20191,6 k €↓
2018
Annual accounts 20182,8 k €↓
2017
Annual accounts 20176,5 k €↑
2016
Annual accounts 2016-1 k €↑
2015
Annual accounts 2015-5,3 k €↓
2014
Annual accounts 20141,8 k €↑
2013
Annual accounts 2013-1,3 k €↑
2012
Annual accounts 2012-2,8 k €↓
2011
Annual accounts 20112,1 k €↑
2010
Annual accounts 2010-114 €↑
2009
Annual accounts 2009-3,3 k €↓
2008
Annual accounts 2008-148 €↓
2007
Annual accounts 20072 k €↑
2006
Annual accounts 2006110 €
19/09/2005
IncorporationPublic limited company

XSARD

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events