ACTIVE

Vleeswaren De Keyser

Export PDF

Financial year 2023 · closed on 31/12/2023

Net result

5,9 M €

+2.8% YoY

Revenue

194,5 M €

+12.1% YoY

Equity

26,7 M €

+28.2% YoY

Workforce

183,4 ETP

-6.7% YoY

What does Vleeswaren De Keyser do?

Vleeswaren De Keyser is a Public limited company incorporated in 1974. Its registered office is in Aalter. It employs on average 183,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.958.584

Incorporation

01/01/1974

Legal form

Public limited company

Registered office

Groendreef 41
9880 Aalter · FlandreSee on map

Contributed capital

1 250 000,00 €

Latest accounts

31/12/2023

Average workforce

183,4 ETP

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2023		2022		2020		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	194,5 M €	+12.1%	173,6 M €	+55.5%	111,6 M €	+163%	42,5 M €	+15.5%	36,8 M €	+3.3%	35,6 M €	+32.4%	26,9 M €	-3.5%	27,9 M €	-6.9%	29,9 M €	-11.7%	33,9 M €	+19.7%	28,3 M €	+3.2%	27,4 M €
EBITDA	10,6 M €	+7.8%	9,9 M €	+42.6%	6,9 M €	+20.1%	5,8 M €	+36.2%	4,2 M €	+58.2%	2,7 M €	+57.3%	1,7 M €	-32.0%	2,5 M €	+0.5%	2,5 M €	+17.8%	2,1 M €	+20.9%	1,7 M €	+120%	794,5 k €
Operating result	8,1 M €	+10.1%	7,3 M €	+64.8%	4,4 M €	+18.9%	3,7 M €	+52.5%	2,5 M €	+236%	730,1 k €	+466%	-199,3 k €	-126%	755,4 k €	-6.2%	805,7 k €	+2.4%	786,9 k €	+13.2%	695,4 k €	+645%	93,3 k €
Net result	5,9 M €	+2.8%	5,7 M €	+59.1%	3,6 M €	+49.0%	2,4 M €	+71.5%	1,4 M €	+6690%	20,7 k €	+103%	-736 k €	-474%	196,8 k €	-21.7%	251,3 k €	+723%	-40,3 k €	-121%	192,6 k €	+205%	-182,7 k €
Balance sheet
Equity	26,7 M €	+28.2%	20,9 M €	+43.6%	14,5 M €	+298%	3,7 M €	+63.4%	2,2 M €	+23.0%	1,8 M €	-4.3%	1,9 M €	-29.5%	2,7 M €	-1.9%	2,7 M €	-0.4%	2,8 M €	-2.5%	2,8 M €	+29.3%	2,2 M €
Total assets	93,9 M €	+40.8%	66,7 M €	+26.3%	52,8 M €	+158%	20,4 M €	+5.8%	19,3 M €	-7.7%	20,9 M €	+1.9%	20,5 M €	-2.9%	21,1 M €	-6.7%	22,7 M €	-12.6%	25,9 M €	-2.7%	26,6 M €	+65.6%	16,1 M €
Cash	8,5 M €	+65.5%	5,1 M €	+300%	1,3 M €	+308%	314,6 k €	+1408%	20,9 k €	-49.9%	41,6 k €	+475%	7,2 k €	-37.9%	11,7 k €	-87.8%	95,3 k €	+248%	27,4 k €	-43.2%	48,3 k €	-52.2%	101 k €
Debts	65 M €	+44.8%	44,9 M €	+18.6%	37,8 M €	+130%	16,5 M €	-2.9%	17 M €	-10.2%	18,9 M €	+2.4%	18,4 M €	+0.7%	18,3 M €	-7.4%	19,8 M €	-13.3%	22,8 M €	-3.2%	23,6 M €	+70.5%	13,8 M €
Other
Workforce	183,4 ETP	-6.7%	196,6 ETP	+26.2%	155,8 ETP	+53.6%	101,4 ETP	-1.7%	103,2 ETP	-4.9%	108,5 ETP	+0.2%	108,3 ETP	-2.5%	111,1 ETP	-12.7%	127,2 ETP	-11.7%	144,0 ETP	+7.5%	134,0 ETP	+9.4%	122,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2023 · 4 active · 23 ended

Active mandates

Quality Belgian Meat Processors

Director · since 31 juillet 2023 · until 25 juin 2025 · 0647.630.891

Represented by Remko Rosman

Active

Paul De Cock

Director · since 23 juin 2021 · until 25 juin 2025

Active

Pauwels Jo

Director · since 23 juin 2021 · until 25 juin 2025

Active

REMIC

Director · since 23 juin 2021 · until 31 juillet 2023 · 0465.542.095

Represented by Luc Lasoen

Active

Ended mandates

REMIC

Director · since 23 juin 2021 · until 25 juin 2025 · 0465.542.095

Represented by Luc Lasoen

Ended

Paul De Cock

Director · since 01 octobre 2017 · until 23 juin 2021

Ended

Pauwels Jo

Director · since 01 octobre 2017 · until 23 juin 2021

Ended

REMIC

Director · since 05 février 2016 · until 23 juin 2021 · 0465.542.095

Represented by Luc Lasoen

Ended

At this address

Other companies at this address

Company	CBE no.
Groep Vleeswaren De Keyser● Active	0811.520.806
LAMMENS-EDNO VLEESWAREN● Active	0870.398.717
Quality Belgian Meat Processors● Active	0647.630.891
REMIC● Active	0465.542.095

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/12/2025	09/11/2023	03/07/2023	03/07/2023	04/01/2023	13/07/2021
General meeting	26/06/2024	28/06/2023	22/06/2022	23/06/2021	24/06/2020	25/06/2019
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2023	26/06/2024	11/12/2025	Dutch	PDF
Full model	31/12/2022	28/06/2023	09/11/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	03/07/2023	Dutch	PDF
Full model	31/12/2020	23/06/2021	03/07/2023	Dutch	PDF
Full model	31/12/2019	24/06/2020	04/01/2023	Dutch	PDF
Full model	31/12/2018	25/06/2019	13/07/2021	Dutch	PDF
Full model	31/12/2017	27/09/2018	30/06/2020	Dutch	PDF
Full model	31/12/2016	20/06/2017	23/08/2019	Dutch	PDF
Full model	31/12/2015	20/06/2016	11/04/2017	Dutch	PDF
Full model	31/12/2014	16/06/2015	11/07/2016	Dutch	PDF
Full model	31/12/2013	31/05/2014	20/06/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	11/07/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	11/07/2013	Dutch	PDF
Full model	31/12/2010	27/06/2011	26/07/2011	Dutch	PDF
Full model	31/12/2009	28/06/2010	02/07/2010	Dutch	PDF
Full model	31/12/2008	31/08/2009	21/09/2009	Dutch	PDF
Full model	31/12/2007	01/09/2008	22/09/2008	Dutch	PDF
Full model	31/12/2006	25/06/2007	29/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 31/12/2023 · 4 active · 23 ended

Active mandates

Quality Belgian Meat Processors

Director · since 31 juillet 2023 · until 25 juin 2025 · 0647.630.891

Represented by Remko Rosman

Active

Paul De Cock

Director · since 23 juin 2021 · until 25 juin 2025

Active

Pauwels Jo

Director · since 23 juin 2021 · until 25 juin 2025

Active

REMIC

Director · since 23 juin 2021 · until 31 juillet 2023 · 0465.542.095

Represented by Luc Lasoen

Active

Ended mandates

REMIC

Director · since 23 juin 2021 · until 25 juin 2025 · 0465.542.095

Represented by Luc Lasoen

Ended

Paul De Cock

Director · since 01 octobre 2017 · until 23 juin 2021

Ended

Pauwels Jo

Director · since 01 octobre 2017 · until 23 juin 2021

Ended

REMIC

Director · since 05 février 2016 · until 23 juin 2021 · 0465.542.095

Represented by Luc Lasoen

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other28/12/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates29/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other30/10/2017
DIVERSEN
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

25/06/2025
nominationVeerle Catry — commissaris
25/06/2025
reconductionNV Quality Belgian Meat Processors — bestuurder
25/06/2025
reconductionJo PAUWELS — bestuurder
25/06/2025
reconductionPaul DE COCK — bestuurder
2023
Annual accounts 20235,9 M €↑
31/07/2023
demissionRemic NV — bestuurder
31/07/2023
nominationQuality Belgian Meat Processors NV — bestuurder
28/06/2023
reconductionThomas Durieux — commissaris
2022
Annual accounts 20225,7 M €↑
2020
Annual accounts 20203,6 M €↑
2014
Annual accounts 20142,4 M €↑
2013
Annual accounts 20131,4 M €↑
2012
Annual accounts 201220,7 k €↑
2011
Annual accounts 2011-736 k €↓
2010
Annual accounts 2010196,8 k €↓
2009
Annual accounts 2009251,3 k €↑
2008
Annual accounts 2008-40,3 k €↓
2007
Annual accounts 2007192,6 k €↑
2006
Annual accounts 2006-182,7 k €
01/01/1974
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

Vleeswaren De Keyser

Overview

What does Vleeswaren De Keyser do?

Trend over 12 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