ACTIVE

KEULEERS & CO

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Financial year 2025 · Closed on 31/12/2025

Net result628,3 k €-20,4 %over 1 year

Gross margin3 M €+11,6 %over 1 year

Equity3,5 M €+22,1 %over 1 year

Workforce30,7 ETP+15,0 %over 1 year

Identity

Source · BCE/KBO

KEULEERS & CO is a Public limited company incorporated in 1968. Its main activity is: Sawmilling and planing of wood. Its registered office is in Bonheiden. It employs on average 30,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0403.602.350
Incorporation: 01/01/1968
Legal form: Public limited company
Registered office: Berlaarbaan 100A
2820 Bonheiden · FlandreSee on map
Contributed capital: 81 600,00 €
Latest accounts: 31/12/2025
Average workforce: 30,7 ETP

Activities (NACE)

16100Sawmilling and planing of wood· main 16110Sawmilling and planing of wood 16240Manufacture of wooden containers 16240Manufacture of wooden containers 20101Manufacture of basic chemicals, fertilisers and nitrogen compounds, plastics and synthetic rubber in primary forms 20400Manufacture of soap and detergents, cleaning and polishing preparations, perfumes and toilet preparations+9

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	3 M €	+11.6%	2,7 M €	-11.1%	3 M €	-3.4%	3,1 M €	+45.5%	2,1 M €
EBITDA	1,2 M €	+6.8%	1,1 M €	-25.3%	1,5 M €	-5.3%	1,5 M €	+86.8%	824,2 k €
Operating result	937,2 k €	-14.0%	1,1 M €	-16.8%	1,3 M €	-6.5%	1,4 M €	+145%	572,6 k €
Net result	628,3 k €	-20.4%	789 k €	-14.5%	923,2 k €	-6.0%	982,4 k €	+184%	345,3 k €
Balance sheet
Equity	3,5 M €	+22.1%	2,8 M €	+28.4%	2,2 M €	+52.5%	1,5 M €	-2.1%	1,5 M €
Total assets	5 M €	+10.2%	4,5 M €	+12.8%	4 M €	+18.8%	3,4 M €	-5.5%	3,6 M €
Cash	662,8 k €	+8.9%	608,9 k €	-68.2%	1,9 M €	+9.7%	1,7 M €	+130%	760,1 k €
Debts	1,5 M €	-9.0%	1,7 M €	+2.0%	1,6 M €	-5.1%	1,7 M €	-7.9%	1,9 M €
Other
Workforce	30,7 ETP	+15.0%	26,7 ETP	-6.6%	28,6 ETP	-11.5%	32,3 ETP	+7.3%	30,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CELIPAL0764.507.478Represented by Erik Keuleers	Managing director19/05/2025 → 19/05/2031Director26/02/2021 → 2024 accountsended
DIMANCO0478.757.851Represented by Dirk Keuleers	Managing director10/05/2012 → 19/05/2031Director10/05/2012 → 2013 accountsendedAdministrator - manager10/05/2012 → 2014 accountsended
EANCO0830.661.082Represented by Herman Keuleers	Managing director10/05/2013 → 19/05/2031Director10/05/2012 → 2013 accountsendedAdministrator - manager10/05/2012 → 2014 accountsended
PALETHIL0764.507.676Represented by Jeroen Keuleers	Managing director19/05/2025 → 19/05/2031Director26/02/2021 → 2024 accountsended
Karel De Boeck	Director26/01/2021 → 13/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dirk Keuleers	Managing directoruntil 10/05/2012
Herman Keuleers	Managing directoruntil 10/05/2012

Other companies at this address

Berlaarbaan 100A 2820 Bonheiden

Company	CBE no.
DHK● Active	0770.990.939
Keuleers Hout● Active	0789.765.090

Full financial information

Source · NBB

	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	01/01/2025	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	09/07/2026	15/07/2025	11/06/2024	04/07/2023	02/06/2022	09/07/2021
General meeting	06/05/2026	12/05/2025	16/05/2024	29/06/2023	21/04/2022	13/05/2021
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
Abridged model	31/12/2025	06/05/2026	09/07/2026	Dutch	PDF
Abridged model	31/12/2024	12/05/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	16/05/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	04/07/2023	Dutch	PDF
Abridged model	31/12/2021	21/04/2022	02/06/2022	Dutch	PDF
Abridged model	31/12/2020	13/05/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	10/06/2020	13/07/2020	Dutch	PDF
Abridged model	31/12/2018	09/05/2019	11/06/2019	Dutch	PDF
Abridged model	31/12/2017	11/05/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	11/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	12/05/2016	13/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	08/05/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	10/05/2013	23/05/2013	Dutch	PDF
Abridged model	31/12/2011	10/05/2012	13/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/04/2011	20/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/04/2010	21/05/2010	Dutch	PDF
Abridged model	31/12/2008	06/04/2009	21/04/2009	Dutch	PDF
Abridged model	31/12/2007	07/04/2008	29/04/2008	Dutch	PDF
Abridged model	31/12/2006	02/04/2007	02/05/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CELIPAL0764.507.478Represented by Erik Keuleers	Managing director19/05/2025 → 19/05/2031Director26/02/2021 → 2024 accountsended
DIMANCO0478.757.851Represented by Dirk Keuleers	Managing director10/05/2012 → 19/05/2031Director10/05/2012 → 2013 accountsendedAdministrator - manager10/05/2012 → 2014 accountsended
EANCO0830.661.082Represented by Herman Keuleers	Managing director10/05/2013 → 19/05/2031Director10/05/2012 → 2013 accountsendedAdministrator - manager10/05/2012 → 2014 accountsended
PALETHIL0764.507.676Represented by Jeroen Keuleers	Managing director19/05/2025 → 19/05/2031Director26/02/2021 → 2024 accountsended
Karel De Boeck	Director26/01/2021 → 13/05/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Dirk Keuleers	Managing directoruntil 10/05/2012
Herman Keuleers	Managing directoruntil 10/05/2012

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares20/07/2022
KAPITAAL - AANDELEN
PDF
Restructuring15/07/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/05/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates27/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/12/2020
KAPITAAL - AANDELEN
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

DIMANCO

CELIPAL

PALETHIL

EANCO

Karel De Boeck

Julius Keuleers

Herman Keuleers

Dirk Keuleers

1968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

KEULEERS & CO

Berlaarbaan 100 bte A, 2820 Bonheiden

Managing directorDirectorAdministrator - manager

Managing directorDirector

Managing directorDirectorAdministrator - manager

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Berlaarbaan 100A, 2820 BonheidenCurrent		CBE
Berlaarbaan 100 bte A, 2820 Bonheiden	accounts 2021 → 2025	Accounts 2025 · 2026-00272424

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
KEULEERS & COCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00272424

Events

2025
Annual accounts 2025628,3 k €↓
2024
Annual accounts 2024789 k €↓
2023
Annual accounts 2023923,2 k €↓
2022
Annual accounts 2022982,4 k €↑
2021
Annual accounts 2021345,3 k €↑
2020
Annual accounts 202092,9 k €↑
2019
Annual accounts 201947,6 k €↑
2018
Annual accounts 2018-5,1 k €↓
2017
Annual accounts 2017280,7 k €↑
2016
Annual accounts 201630,5 k €↑
2015
Annual accounts 2015-7,2 k €↓
2014
Annual accounts 201454,7 k €↓
2013
Annual accounts 2013107,9 k €↓
2012
Annual accounts 2012221,6 k €↑
2011
Annual accounts 201143,6 k €↓
2010
Annual accounts 201069,9 k €↑
2009
Annual accounts 2009-59,3 k €↓
2008
Annual accounts 200857,7 k €↓
2007
Annual accounts 2007122,4 k €↑
2006
Annual accounts 200695,2 k €
01/01/1968
IncorporationPublic limited company

KEULEERS & CO

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