KEYSER et Fils
0418.561.433 · rovalta.com · 26/09/2026
ACTIVE
KEYSER et Fils
Financial year 2025 · Closed on 31/12/2025
Net result-1,7 M €-590,4 %over 1 year
Revenue62,3 M €-7,6 %over 1 year
Equity27,7 M €-5,9 %over 1 year
Workforce22,1 ETP+22,8 %over 1 year
Overview
Identity
Source · BCE/KBOKEYSER et Fils is a Public limited company incorporated in 1978. Its main activity is: Sewerage. Its registered office is in Courcelles. It employs on average 22,1 ETP workers (FTE).
- Legal situation
- Normal situation
- BCE/KBO no. / VAT
- BE 0418.561.433
- Incorporation
- 01/07/1978
- Legal form
- Public limited company
- Registered office
- Rue du Port 2
6180 Courcelles · Wallonie - Contributed capital
- 123 946,76 €
- Latest accounts
- 31/12/2025
- Average workforce
- 22,1 ETP
Activities (NACE)
Joint committees (4)
- 142
- 14201
- 200
- 218
Signals
Solid equityLow riskGood liquidityHealthy social debtsHigh revenue
Financials
Source · NBB, 23 filingsTrend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | 62,3 M € | -7.6% | 67,4 M € | +11.1% | 60,6 M € | -21.1% | 76,9 M € | +21.8% | 63,1 M € |
| EBITDA | -1,1 M € | -225% | 913,4 k € | -36.9% | 1,4 M € | -77.7% | 6,5 M € | -32.3% | 9,6 M € |
| Operating result | -1,8 M € | -669% | 315,3 k € | -70.4% | 1,1 M € | -81.3% | 5,7 M € | -36.2% | 8,9 M € |
| Net result | -1,7 M € | -590% | 356,6 k € | -55.4% | 798,7 k € | -80.8% | 4,2 M € | -37.4% | 6,6 M € |
| Balance sheet | |||||||||
| Equity | 27,7 M € | -5.9% | 29,5 M € | +1.2% | 29,1 M € | +2.8% | 28,3 M € | +17.2% | 24,1 M € |
| Total assets | 33,2 M € | -5.4% | 35,1 M € | -0.1% | 35,1 M € | -0.8% | 35,4 M € | +9.9% | 32,2 M € |
| Cash | 2,3 M € | -24.4% | 3 M € | -40.6% | 5 M € | -53.8% | 10,9 M € | +2.9% | 10,6 M € |
| Debts | 5,1 M € | -2.6% | 5,2 M € | -7.0% | 5,6 M € | -13.5% | 6,5 M € | -15.2% | 7,7 M € |
| Other | |||||||||
| Workforce | 22,1 ETP | +22.8% | 18,0 ETP | -10.9% | 20,2 ETP | +5.8% | 19,1 ETP | +1.6% | 18,8 ETP |
Valuation
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationBoard of directors
Source · NBB, accounts to 31/12/20252 active · 7 ended
Active mandates
Carl KEYSER
ActiveRodolphe KEYSER
ActiveEnded mandates
Carl Keyser
EndedCarl KEYSER
EndedMarie Trouillet
EndedMARIE TROUILLET
EndedFinancials
Full financial information
Source · NBB| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full 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 | 15/05/2026 | 09/07/2025 | 20/08/2024 | 28/08/2023 | 29/08/2022 | 24/12/2021 |
| General meeting | 11/05/2026 | 30/06/2025 | 05/07/2024 | 30/06/2023 | 11/07/2022 | 24/12/2021 |
| 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 · NBBLooking for more information about this company?
Try for freeAnnual accounts filings
Source · NBB, 23 filings| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 11/05/2026 | 15/05/2026 | French | |
| Full model | 31/12/2024 | 30/06/2025 | 09/07/2025 | French | |
| Full model | 31/12/2023 | 05/07/2024 | 20/08/2024 | French | |
| Full model | 31/12/2022 | 30/06/2023 | 28/08/2023 | French | |
| Full modelCorrection | 31/12/2021 | 11/07/2022 | 29/08/2022 | French | |
| Full model | 31/12/2021 | 11/07/2022 | 12/07/2022 | French | |
| Full model | 31/12/2020 | 24/12/2021 | 24/12/2021 | French | |
| Full modelCorrection | 31/12/2019 | 30/10/2020 | 02/12/2020 | French | |
| Full model | 31/12/2019 | 30/10/2020 | 30/10/2020 | French | |
| Full model | 31/12/2018 | 27/09/2019 | 03/10/2019 | French | |
| Full model | 31/12/2017 | 27/07/2018 | 01/08/2018 | French | |
| Full model | 31/12/2016 | 29/09/2017 | 08/12/2017 | French | |
| Full model | 31/12/2015 | 29/07/2016 | 31/08/2016 | French | |
| Full model | 31/12/2014 | 30/06/2015 | 09/07/2015 | French | |
| Full model | 31/12/2013 | 02/06/2014 | 01/09/2014 | French | |
| Full model | 31/12/2012 | 23/01/2014 | 14/02/2014 | French | |
| Full model | 31/12/2011 | 14/05/2012 | 03/09/2012 | French | |
| Full model | 31/12/2010 | 09/05/2011 | 08/07/2011 | French | |
| Full model | 31/12/2009 | 05/07/2010 | 14/07/2010 | French | |
| Full model | 31/12/2008 | 28/07/2009 | 27/08/2009 | French | |
| Full modelCorrection | 31/12/2007 | 22/09/2008 | 20/04/2009 | French | |
| Full model | 31/12/2007 | 22/09/2008 | 14/11/2008 | French | |
| Full model | 31/12/2006 | 07/05/2007 | 31/08/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Board of directors
Source · NBB, accounts to 31/12/20252 active · 7 ended
Active mandates
Carl KEYSER
ActiveRodolphe KEYSER
ActiveEnded mandates
Carl Keyser
EndedCarl KEYSER
EndedMarie Trouillet
EndedMARIE TROUILLET
EndedOwnership and network
Looking for more information about this company?
Try for freePublications
Belgian Official Gazette publications
Source · Belgian Official Gazette- Mandates16/10/2025DEMISSIONS, NOMINATIONS
- Other14/12/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
- Mandates27/12/2022DEMISSIONS, NOMINATIONS
- Mandates18/06/2020DEMISSIONS, NOMINATIONS
- Mandates02/02/2017DEMISSIONS, NOMINATIONS
- Mandates30/07/2015SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Registered office20/08/2010TRANSFERT DU SIEGE SOCIAL
- Mandates10/06/2010DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
Similar companies
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-1,7 M €↓
- 2024Annual accounts 2024356,6 k €↓
- 2023Annual accounts 2023798,7 k €↓
- 2022Annual accounts 20224,2 M €↓
- 2021Annual accounts 20216,6 M €↑
- 2020Annual accounts 20201,1 M €↑
- 2019Annual accounts 201999,4 k €↓
- 2018Annual accounts 2018895,9 k €↑
- 2017Annual accounts 2017439,6 k €↑
- 2016Annual accounts 2016214 k €↑
- 2015Annual accounts 2015-603,7 k €↓
- 2014Annual accounts 2014472,8 k €↓
- 2013Annual accounts 20134,8 M €↑
- 2012Annual accounts 2012-2,9 M €↓
- 2011Annual accounts 2011-2,3 M €↓
- 2010Annual accounts 20102,4 M €↑
- 2009Annual accounts 2009-537,2 k €↓
- 2008Annual accounts 20087,2 M €
- 01/07/1978IncorporationPublic limited company