ACTIVE

Kerbzuid

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Financial year 2025 · closed on 31/12/2025

Net result

138,8 k €

-84.3% YoY

Gross margin

254,2 k €

-62.2% YoY

Equity

5,4 M €

+2.6% YoY

Workforce

0,0 ETP

What does Kerbzuid do?

Kerbzuid is a Public limited company incorporated in 1978. Its registered office is in Lochristi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0418.852.730

Incorporation

18/10/1978

Legal form

Public limited company

Registered office

Beervelde-Dorp 75
9080 Lochristi · FlandreSee on map

Contributed capital

1 600 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	254,2 k €	-62.2%	672,9 k €	+648%	90 k €	+3.8%	86,7 k €	-67.7%	268,5 k €	+64.9%	162,9 k €	-43.8%	289,8 k €	+136%	122,6 k €	+19.3%	102,8 k €	+33.7%	76,8 k €	-17.5%	93,2 k €	+15.5%	80,6 k €	+5.4%	76,5 k €	+22.8%	62,3 k €	+29.3%	48,2 k €	-33.3%	72,2 k €	+34.4%	53,7 k €
EBITDA	235 k €	-63.6%	645,3 k €	+813%	70,7 k €	+388%	14,5 k €	-94.1%	246,7 k €	+72.3%	143,2 k €	-46.9%	270 k €	+156%	105,5 k €	+23.6%	85,3 k €	+69.5%	50,4 k €	+63.6%	30,8 k €	+39.5%	22,1 k €	+0.5%	22 k €	+111%	10,4 k €	+1899%	521 €	-98.9%	45,9 k €	+6.5%	43,1 k €
Operating result	184,3 k €	-69.0%	594,8 k €	+3894%	14,9 k €	+138%	-39,5 k €	-122%	183,6 k €	+207%	59,9 k €	-71.1%	207,3 k €	+349%	46,2 k €	+114%	21,6 k €	+318%	-9,9 k €	+63.8%	-27,4 k €	+35.3%	-42,4 k €	-422%	-8,1 k €	+58.7%	-19,7 k €	+33.5%	-29,6 k €	-254%	19,2 k €	+23.9%	15,5 k €
Net result	138,8 k €	-84.3%	886 k €	+9290%	9,4 k €	+117%	-54,1 k €	-138%	143,9 k €	+49.2%	96,4 k €	-20.4%	121,2 k €	+82.0%	66,6 k €	-44.6%	120,3 k €	-83.3%	719,1 k €	+2346%	29,4 k €	-80.5%	150,8 k €	+386%	31 k €	+26.7%	24,5 k €	-90.0%	244,2 k €	+416%	47,3 k €	-64.4%	133,2 k €
Balance sheet
Equity	5,4 M €	+2.6%	5,3 M €	+20.1%	4,4 M €	+0.2%	4,4 M €	-1.2%	4,5 M €	+6.1%	4,2 M €	+2.4%	4,1 M €	+3.0%	4 M €	+3.9%	3,8 M €	+5.9%	3,6 M €	+24.8%	2,9 M €	+1.0%	2,9 M €	+5.5%	2,7 M €	+1.2%	2,7 M €	+0.9%	2,7 M €	+10.1%	2,4 M €	+2.0%	2,4 M €
Total assets	5,6 M €	+2.4%	5,5 M €	-8.9%	6 M €	+31.5%	4,6 M €	-2.1%	4,7 M €	+3.3%	4,5 M €	+3.5%	4,4 M €	+3.9%	4,2 M €	+4.4%	4 M €	-12.7%	4,6 M €	+14.9%	4 M €	-0.2%	4 M €	+3.4%	3,9 M €	+22.2%	3,2 M €	-1.9%	3,2 M €	+25.4%	2,6 M €	+1.7%	2,5 M €
Cash	114,1 k €	-40.1%	190,6 k €	-37.5%	304,8 k €	+425%	58 k €	-77.6%	259,1 k €	-50.8%	526,8 k €	-18.8%	648,6 k €	+150%	259,6 k €	-15.2%	305,9 k €	+47.2%	207,9 k €	+37.3%	151,4 k €	-42.7%	264,3 k €	+52.5%	173,3 k €	-73.2%	647,7 k €	+319%	154,6 k €	-76.4%	656,5 k €	+4.5%	628 k €
Debts	60,9 k €	+19.3%	51,1 k €	-96.4%	1,4 M €	+4380%	31,6 k €	-23.3%	41,1 k €	-62.9%	110,7 k €	+138%	46,5 k €	+6.8%	43,5 k €	+7.0%	40,7 k €	-95.0%	817,9 k €	-12.2%	931 k €	+1.1%	920,6 k €	-8.3%	1 M €	+216%	317,2 k €	-22.4%	408,9 k €	+1118%	33,6 k €	+4.5%	32,1 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		1,3 ETP	+30.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	+125%	0,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 36 ended

Active mandates

André de Kerchove de Denterghem

Director · since 21 novembre 2023 · until 30 mars 2029

Active

Caroline Bevernage

Managing director · since 21 novembre 2023 · until 30 mars 2029

Active

Kerline

Director · since 21 mars 2023 · until 30 mars 2029 · 0740.872.835

Represented by Cédric de Kerchove de Denterghem

Active

Renaud de Kerchove de Denterghem

Director · since 21 mars 2023 · until 30 mars 2029

Active

Ended mandates

André de Kerchove de Denterghem

Director · since 09 novembre 2023 · until 29 mars 2029

Ended

André de Kerchove de Denterghem

Director · since 09 novembre 2023 · until 31 mars 2029

Ended

Caroline Bevernage

Managing director · since 09 novembre 2023 · until 29 mars 2029

Ended

Caroline Bevernage

Managing director · since 09 novembre 2023 · until 31 mars 2029

Ended

At this address

Other companies at this address

Company	CBE no.
BEERVELDE ENTERPRISES● Active	0418.852.928
Kerbnoord● Active	0418.852.631
Kerdenbeer● Active	0425.470.803
KERFIN● Active	0436.268.188
Keroost● Active	0418.852.829
Kerwest● Active	0418.853.126

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	30/03/2026	31/03/2025	25/04/2024	13/04/2023	04/04/2022	26/04/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	25/03/2023	26/03/2022	27/03/2021
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	28/03/2026	30/03/2026	Dutch	PDF
Abridged model	31/12/2024	29/03/2025	31/03/2025	Dutch	PDF
Abridged model	31/12/2023	30/03/2024	25/04/2024	Dutch	PDF
Abridged model	31/12/2022	25/03/2023	13/04/2023	Dutch	PDF
Abridged model	31/12/2021	26/03/2022	04/04/2022	Dutch	PDF
Abridged model	31/12/2020	27/03/2021	26/04/2021	Dutch	PDF
Abridged model	31/12/2019	28/03/2020	28/04/2020	Dutch	PDF
Abridged model	31/12/2018	30/03/2019	23/08/2019	Dutch	PDF
Abridged model	31/12/2017	31/03/2018	26/04/2018	Dutch	PDF
Abridged model	31/12/2016	25/03/2017	26/04/2017	Dutch	PDF
Abridged model	31/12/2015	26/03/2016	28/04/2016	Dutch	PDF
Abridged model	31/12/2014	21/03/2015	15/04/2015	Dutch	PDF
Abridged model	31/12/2013	29/03/2014	09/04/2014	Dutch	PDF
Abridged model	31/12/2012	30/03/2013	24/04/2013	Dutch	PDF
Abridged model	31/12/2011	31/03/2012	23/04/2012	Dutch	PDF
Abridged model	31/12/2010	26/03/2011	28/03/2011	Dutch	PDF
Abridged model	31/12/2009	27/03/2010	12/04/2010	Dutch	PDF
Abridged model	31/12/2008	28/03/2009	02/04/2009	Dutch	PDF
Abridged model	31/12/2007	29/03/2008	01/04/2008	Dutch	PDF
Abridged model	31/12/2006	31/03/2007	23/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 4 active · 36 ended

Active mandates

André de Kerchove de Denterghem

Director · since 21 novembre 2023 · until 30 mars 2029

Active

Caroline Bevernage

Managing director · since 21 novembre 2023 · until 30 mars 2029

Active

Kerline

Director · since 21 mars 2023 · until 30 mars 2029 · 0740.872.835

Represented by Cédric de Kerchove de Denterghem

Active

Renaud de Kerchove de Denterghem

Director · since 21 mars 2023 · until 30 mars 2029

Active

Ended mandates

André de Kerchove de Denterghem

Director · since 09 novembre 2023 · until 29 mars 2029

Ended

André de Kerchove de Denterghem

Director · since 09 novembre 2023 · until 31 mars 2029

Ended

Caroline Bevernage

Managing director · since 09 novembre 2023 · until 29 mars 2029

Ended

Caroline Bevernage

Managing director · since 09 novembre 2023 · until 31 mars 2029

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/04/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates08/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/05/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/04/2005
ONTSLAGEN - BENOEMINGEN
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 2025138,8 k €↓
2024
Annual accounts 2024886 k €↑
2023
Annual accounts 20239,4 k €↑
2022
Annual accounts 2022-54,1 k €↓
2021
Annual accounts 2021143,9 k €↑
2019
Annual accounts 201996,4 k €↓
2018
Annual accounts 2018121,2 k €↑
2017
Annual accounts 201766,6 k €↓
2015
Annual accounts 2015120,3 k €↓
2013
Annual accounts 2013719,1 k €↑
2012
Annual accounts 201229,4 k €↓
2011
Annual accounts 2011150,8 k €↑
2010
Annual accounts 201031 k €↑
2009
Annual accounts 200924,5 k €↓
2008
Annual accounts 2008244,2 k €↑
2007
Annual accounts 200747,3 k €↓
2006
Annual accounts 2006133,2 k €
18/10/1978
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

Kerbzuid

Overview

What does Kerbzuid do?

Trend over 17 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