ACTIVE

KESTELYN

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Financial year 2025 · closed on 31/12/2025

Net result

2,1 M €

+8.0% YoY

Gross margin

3 M €

+5.3% YoY

Equity

8,7 M €

+1.2% YoY

Workforce

2,0 ETP

0.0% YoY

What does KESTELYN do?

KESTELYN is a Public limited company incorporated in 1971. Its registered office is in Oudenaarde. It employs on average 2,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0411.509.533

Incorporation

23/08/1971

Legal form

Public limited company

Registered office

Meersbloem-Leupegem 22
9700 Oudenaarde · FlandreSee on map

Contributed capital

90 000,00 €

Latest accounts

31/12/2025

Average workforce

2,0 ETP

Joint committees (3)

14901
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3 M €	+5.3%	2,8 M €	+4.8%	2,7 M €	+61.3%	1,7 M €	+32.5%	1,3 M €	+33.2%	946 k €	-16.1%	1,1 M €	+24.9%	902,3 k €	+37.6%	655,8 k €	-38.0%	1,1 M €	-5.5%	1,1 M €	-13.3%	1,3 M €	+10.8%	1,2 M €	-21.7%	1,5 M €	+2.2%	1,5 M €	+14.5%	1,3 M €	+5.7%	1,2 M €	+10.1%	1,1 M €	-0.7%	1,1 M €	+19.8%	917,9 k €
EBITDA	2,8 M €	+6.4%	2,6 M €	+2.9%	2,5 M €	+72.1%	1,5 M €	+35.0%	1,1 M €	+35.9%	795,7 k €	-17.1%	959,2 k €	+33.0%	721,4 k €	+50.5%	479,4 k €	-47.0%	904,5 k €	-5.5%	957,5 k €	-13.9%	1,1 M €	+17.0%	950,5 k €	-25.5%	1,3 M €	+1.4%	1,3 M €	+15.6%	1,1 M €	+7.7%	1 M €	+11.3%	908,7 k €	-2.0%	927,6 k €	+25.3%	740,4 k €
Operating result	2,7 M €	+5.1%	2,6 M €	+2.9%	2,5 M €	+72.4%	1,4 M €	+35.8%	1,1 M €	+36.2%	782 k €	-17.1%	943,8 k €	+36.1%	693,2 k €	+49.8%	462,7 k €	-46.7%	867,7 k €	-6.6%	928,9 k €	+15.4%	804,9 k €	-11.0%	904,5 k €	-24.1%	1,2 M €	+5.4%	1,1 M €	+20.2%	940,9 k €	+16.1%	810,2 k €	+9.5%	740,3 k €	-0.6%	744,8 k €	+34.1%	555,5 k €
Net result	2,1 M €	+8.0%	1,9 M €	+4.1%	1,9 M €	+72.3%	1,1 M €	+33.6%	812,4 k €	+38.0%	588,8 k €	-11.8%	667,4 k €	+38.6%	481,6 k €	+58.1%	304,6 k €	-47.7%	581,9 k €	-8.4%	635,4 k €	+8.3%	586,9 k €	-14.2%	684 k €	-28.1%	951,4 k €	+6.9%	889,6 k €	+22.8%	724,6 k €	+12.4%	645 k €	+1.7%	633,9 k €	+13.2%	560,1 k €	+27.6%	438,9 k €
Balance sheet
Equity	8,7 M €	+1.2%	8,6 M €	+29.4%	6,6 M €	+26.0%	5,3 M €	+18.9%	4,4 M €	+22.5%	3,6 M €	+8.7%	3,3 M €	+8.7%	3,1 M €	+8.2%	2,8 M €	+3.8%	2,7 M €	+3.1%	2,6 M €	+5.4%	2,5 M €	+3.6%	2,4 M €	-39.3%	4 M €	-43.4%	7 M €	+14.4%	6,1 M €	+13.3%	5,4 M €	+13.4%	4,8 M €	+15.2%	4,2 M €	+15.5%	3,6 M €
Total assets	8,9 M €	-2.6%	9,1 M €	+6.4%	8,6 M €	+34.5%	6,4 M €	+37.2%	4,7 M €	+13.5%	4,1 M €	+4.0%	3,9 M €	+0.3%	3,9 M €	+14.6%	3,4 M €	-11.5%	3,9 M €	-1.6%	3,9 M €	+19.6%	3,3 M €	-36.1%	5,2 M €	-37.5%	8,2 M €	+11.5%	7,4 M €	+13.5%	6,5 M €	+7.7%	6,1 M €	-4.0%	6,3 M €	+15.4%	5,5 M €	+6.2%	5,1 M €
Cash	3,6 M €	-41.2%	6,1 M €	+255%	1,7 M €	+16.9%	1,5 M €	+46.7%	999,8 k €	-52.8%	2,1 M €	+6.2%	2 M €	-10.7%	2,2 M €	+31.7%	1,7 M €	-22.2%	2,2 M €	-2.4%	2,2 M €	+21.0%	1,8 M €	-43.6%	3,3 M €	-50.6%	6,6 M €	+15.4%	5,7 M €	+22.3%	4,7 M €	+20.5%	3,9 M €	+157%	1,5 M €	+619%	211,1 k €	-90.5%	2,2 M €
Debts	219,8 k €	-60.7%	558,7 k €	-71.2%	1,9 M €	+73.2%	1,1 M €	+395%	226,3 k €	-53.2%	483,7 k €	-21.1%	613,2 k €	-28.9%	862,4 k €	+45.6%	592,3 k €	-48.3%	1,1 M €	-11.1%	1,3 M €	+65.2%	779,8 k €	-71.4%	2,7 M €	-35.9%	4,2 M €	+1115%	349,7 k €	+0.5%	347,9 k €	-40.7%	586,3 k €	-59.5%	1,4 M €	+16.9%	1,2 M €	-15.3%	1,5 M €
Other
Workforce	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-31.0%	2,9 ETP	+31.8%	2,2 ETP	+22.2%	1,8 ETP	-18.2%	2,2 ETP	-21.4%	2,8 ETP	+3.7%	2,7 ETP	+22.7%	2,2 ETP	-18.5%	2,7 ETP	0.0%	2,7 ETP	-20.6%	3,4 ETP	-8.1%	3,7 ETP	+2.8%	3,6 ETP	0.0%	3,6 ETP	0.0%	3,6 ETP	0.0%	3,6 ETP	+2.9%	3,5 ETP	0.0%	3,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

Albert Kestelyn

Managing director · since 22 juin 2022

Active

Greet Kestelyn

Managing director · since 22 juin 2022

Active

Nora Plasschaert

Director · since 22 juin 2022

Active

Ended mandates

Greet Kestelyn

Managing director · since 01 février 2019

Ended

Albert Kestelyn

Managing director · since 05 janvier 2014

Ended

ALBERT KESTELYN

Director · since 02 juin 2010 · until 02 juin 2016

Ended

Nora Plasschaert

Director · since 02 juin 2010 · until 02 juin 2016

Ended

At this address

Other companies at this address

Company	CBE no.
ALKES INVEST● Active	0501.658.561

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	01/01/2025	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	02/07/2026	28/08/2025	17/07/2024	31/08/2023	16/07/2022	20/07/2021
General meeting	03/06/2026	30/07/2025	26/06/2024	31/07/2023	22/06/2022	23/06/2021
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
Abridged model	31/12/2025	03/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/07/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	26/06/2024	17/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	22/06/2022	16/07/2022	Dutch	PDF
Abridged model	31/12/2020	23/06/2021	20/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	20/06/2018	Dutch	PDF
Abridged model	31/12/2016	07/06/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	03/06/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	04/06/2014	01/07/2014	Dutch	PDF
Abridged model	31/12/2012	05/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	12/07/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	02/06/2010	01/07/2010	Dutch	PDF
Abridged model	31/12/2008	03/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	04/06/2008	02/07/2008	Dutch	PDF
Abridged model	31/12/2006	06/06/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 3 active · 14 ended

Active mandates

Albert Kestelyn

Managing director · since 22 juin 2022

Active

Greet Kestelyn

Managing director · since 22 juin 2022

Active

Nora Plasschaert

Director · since 22 juin 2022

Active

Ended mandates

Greet Kestelyn

Managing director · since 01 février 2019

Ended

Albert Kestelyn

Managing director · since 05 janvier 2014

Ended

ALBERT KESTELYN

Director · since 02 juin 2010 · until 02 juin 2016

Ended

Nora Plasschaert

Director · since 02 juin 2010 · until 02 juin 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other07/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/05/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/07/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/12/2005
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 20252,1 M €↑
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231,9 M €↑
2022
Annual accounts 20221,1 M €↑
2021
Annual accounts 2021812,4 k €↑
2020
Annual accounts 2020588,8 k €↓
2019
Annual accounts 2019667,4 k €↑
2018
Annual accounts 2018481,6 k €↑
2017
Annual accounts 2017304,6 k €↓
2016
Annual accounts 2016581,9 k €↓
2015
Annual accounts 2015635,4 k €↑
2014
Annual accounts 2014586,9 k €↓
2013
Annual accounts 2013684 k €↓
2012
Annual accounts 2012951,4 k €↑
2011
Annual accounts 2011889,6 k €↑
2010
Annual accounts 2010724,6 k €↑
2009
Annual accounts 2009645 k €↑
2008
Annual accounts 2008633,9 k €↑
2007
Annual accounts 2007560,1 k €↑
2006
Annual accounts 2006438,9 k €
23/08/1971
IncorporationPublic 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

KESTELYN

Overview

What does KESTELYN do?

Trend over 20 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