ACTIVE

K-Boringen

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Financial year 2025 · closed on 31/12/2025

Net result

557,9 k €

-10.9% YoY

Gross margin

3,1 M €

+12.6% YoY

Equity

8,1 M €

+4.3% YoY

Workforce

24,6 ETP

-6.5% YoY

What does K-Boringen do?

K-Boringen is a Public limited company incorporated in 1978. Its main activity is: Construction of bridges and tunnels. Its registered office is in Hasselt. It employs on average 24,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0418.859.163

Incorporation

26/10/1978

Legal form

Public limited company

Registered office

Paalsteenstraat 36
3500 Hasselt · FlandreSee on map

Contributed capital

375 000,00 €

Latest accounts

31/12/2025

Average workforce

24,6 ETP

Activities (NACE)

42130Construction of bridges and tunnels· main 42130Construction of bridges and tunnels 43120Site preparation 43120Site preparation 45112Sale of cars and light motor vehicles 45214Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	3,1 M €	+12.6%	2,8 M €	-11.2%	3,1 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	904,9 k €	+16.9%	774,4 k €	-24.5%	1 M €	-21.0%	1,3 M €	-40.0%	2,2 M €	+30.9%	1,7 M €	-21.7%	2,1 M €	+6258%	33,2 k €	-95.3%	700 k €	+38.0%	507,4 k €	-31.4%	739,6 k €	-26.9%	1 M €	+137%	427,5 k €	+51.6%	282 k €	-78.2%	1,3 M €	-11.1%	1,5 M €	+12.2%	1,3 M €	-22.3%	1,7 M €	-4.4%	1,7 M €	+45.9%	1,2 M €
Operating result	498,4 k €	+0.4%	496,6 k €	-33.8%	750,4 k €	+57.6%	476,3 k €	-62.8%	1,3 M €	+84.1%	695,5 k €	-39.9%	1,2 M €	+241%	-818,2 k €	-2153%	-36,3 k €	-123%	155 k €	-27.9%	214,9 k €	-53.3%	460,1 k €	+1752%	24,8 k €	+117%	-144,8 k €	-129%	504,3 k €	+28.0%	393,9 k €	-26.6%	536,4 k €	-46.4%	1 M €	+23.8%	808,4 k €	+177%	292 k €
Net result	557,9 k €	-10.9%	626,2 k €	+8.7%	576 k €	+66.1%	346,8 k €	-62.0%	912,8 k €	+55.0%	588,8 k €	-28.2%	819,7 k €	+201%	-815,2 k €	-9572%	8,6 k €	-95.4%	187,7 k €	-26.7%	256 k €	-27.8%	354,5 k €	+131%	153,4 k €	+249%	-102,7 k €	-133%	306,9 k €	+14.6%	267,8 k €	-54.1%	583 k €	-21.0%	737,7 k €	+52.3%	484,3 k €	+453%	87,6 k €
Balance sheet
Equity	8,1 M €	+4.3%	7,8 M €	+8.7%	7,2 M €	+8.7%	6,6 M €	+5.5%	6,3 M €	+17.1%	5,3 M €	+12.4%	4,8 M €	+22.4%	3,9 M €	-17.4%	4,7 M €	+0.2%	4,7 M €	+4.2%	4,5 M €	+6.0%	4,2 M €	+9.1%	3,9 M €	+4.1%	3,7 M €	-2.7%	3,8 M €	+8.7%	3,5 M €	+8.1%	3,3 M €	+21.7%	2,7 M €	+25.0%	2,1 M €	+28.9%	1,7 M €
Total assets	10,2 M €	+7.1%	9,5 M €	+3.2%	9,2 M €	-6.5%	9,8 M €	+11.7%	8,8 M €	-1.2%	8,9 M €	-15.3%	10,5 M €	+7.5%	9,8 M €	+20.0%	8,2 M €	+7.5%	7,6 M €	-7.1%	8,2 M €	-13.6%	9,5 M €	+67.5%	5,7 M €	+3.8%	5,4 M €	-8.9%	6 M €	+10.6%	5,4 M €	-14.8%	6,3 M €	-11.9%	7,2 M €	+17.3%	6,1 M €	-17.1%	7,4 M €
Cash	3,7 k €	-74.9%	14,8 k €	+56.4%	9,5 k €	-18.0%	11,5 k €	-90.9%	126,9 k €	-86.4%	930,2 k €	+51.5%	614,1 k €	+143%	253,1 k €	-4.6%	265,4 k €	-87.4%	2,1 M €	+189%	728,9 k €	-55.4%	1,6 M €	+203%	538,8 k €	-54.4%	1,2 M €	-28.3%	1,6 M €	-15.0%	1,9 M €	+748%	228,6 k €	-64.1%	636,8 k €	+16.9%	544,9 k €	+151%	216,8 k €
Debts	1,6 M €	+34.2%	1,2 M €	-17.6%	1,4 M €	-53.1%	3 M €	+30.6%	2,3 M €	-30.3%	3,3 M €	-39.4%	5,5 M €	-7.0%	5,9 M €	+70.8%	3,5 M €	+19.1%	2,9 M €	-21.0%	3,7 M €	-29.6%	5,2 M €	+196%	1,8 M €	+3.1%	1,7 M €	-20.1%	2,1 M €	+22.7%	1,7 M €	-40.8%	2,9 M €	-34.7%	4,5 M €	+13.3%	4 M €	-30.4%	5,7 M €
Other
Workforce	24,6 ETP	-6.5%	26,3 ETP	-17.0%	31,7 ETP	-1.2%	32,1 ETP	-24.3%	42,4 ETP	-16.2%	50,6 ETP	-1.7%	51,5 ETP	+2.6%	50,2 ETP	+14.6%	43,8 ETP	+4.0%	42,1 ETP	+3.2%	40,8 ETP	+9.7%	37,2 ETP	-2.6%	38,2 ETP	-3.5%	39,6 ETP	-7.0%	42,6 ETP	-0.5%	42,8 ETP	-0.5%	43,0 ETP	+24.6%	34,5 ETP	-0.3%	34,6 ETP	-9.2%	38,1 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 · 2 active · 38 ended

Active mandates

WERKHOFS

Director · since 01 avril 2023 · until 31 mars 2029 · 0743.979.904

Represented by Ward Kerkhofs

Active

Quality Management

Director · since 01 juin 2022 · until 31 mai 2028 · 0774.512.732

Represented by Maarten Broens

Active

Ended mandates

WERKHOFS

Director · since 01 avril 2023 · until 01 avril 2029 · 0743.979.904

Represented by Ward Kerkhofs

Ended

Quality Management

bestuurder · since 01 juin 2022 · until 01 juin 2028 · 0774.512.732

Represented by Maarten Broens

Ended

Quality Management

Director · since 01 juin 2022 · until 01 juin 2028 · 0774.512.732

Represented by Maarten Broens

Ended

HWY bv

bestuurder · since 01 septembre 2021 · until 01 septembre 2027

Represented by Bjorn Hamerling

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	02/07/2026	14/07/2025	11/07/2024	20/07/2023	15/07/2022	13/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	30/06/2023	17/06/2022	30/06/2021
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	26/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	20/07/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	15/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Full model	31/12/2019	02/06/2020	09/06/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	14/06/2017	Dutch	PDF
Full model	31/12/2015	28/06/2016	29/06/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	11/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	05/06/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	04/06/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	12/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	01/07/2009	Dutch	PDF
Full model	31/12/2007	31/05/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	31/05/2007	27/06/2007	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 · 2 active · 38 ended

Active mandates

WERKHOFS

Director · since 01 avril 2023 · until 31 mars 2029 · 0743.979.904

Represented by Ward Kerkhofs

Active

Quality Management

Director · since 01 juin 2022 · until 31 mai 2028 · 0774.512.732

Represented by Maarten Broens

Active

Ended mandates

WERKHOFS

Director · since 01 avril 2023 · until 01 avril 2029 · 0743.979.904

Represented by Ward Kerkhofs

Ended

Quality Management

bestuurder · since 01 juin 2022 · until 01 juin 2028 · 0774.512.732

Represented by Maarten Broens

Ended

Quality Management

Director · since 01 juin 2022 · until 01 juin 2028 · 0774.512.732

Represented by Maarten Broens

Ended

HWY bv

bestuurder · since 01 septembre 2021 · until 01 septembre 2027

Represented by Bjorn Hamerling

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring23/01/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring03/10/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other05/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - ALGEMENE VERGADERING
PDF
Mandates03/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2022
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 2025557,9 k €↓
2024
Annual accounts 2024626,2 k €↑
2023
Annual accounts 2023576 k €↑
2022
Annual accounts 2022346,8 k €↓
2021
Annual accounts 2021912,8 k €↑
2020
Annual accounts 2020588,8 k €↓
2019
Annual accounts 2019819,7 k €↑
2018
Annual accounts 2018-815,2 k €↓
2017
Annual accounts 20178,6 k €↓
2016
Annual accounts 2016187,7 k €↓
2015
Annual accounts 2015256 k €↓
2014
Annual accounts 2014354,5 k €↑
2013
Annual accounts 2013153,4 k €↑
2012
Annual accounts 2012-102,7 k €↓
2011
Annual accounts 2011306,9 k €↑
2010
Annual accounts 2010267,8 k €↓
2009
Annual accounts 2009583 k €↓
2008
Annual accounts 2008737,7 k €↑
2007
Annual accounts 2007484,3 k €↑
2006
Annual accounts 200687,6 k €
26/10/1978
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

K-Boringen

Overview

What does K-Boringen 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