ACTIVE

KAUFFMAN

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Financial year 2025 · closed on 31/12/2025

Net result

285,1 k €

-18.1% YoY

Revenue

16,3 M €

-1.7% YoY

Equity

2,6 M €

+12.1% YoY

Workforce

38,4 ETP

+4.3% YoY

What does KAUFFMAN do?

KAUFFMAN is a Public limited company incorporated in 1980. Its registered office is in Aywaille. It employs on average 38,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.836.775

Incorporation

29/08/1980

Legal form

Public limited company

Registered office

Avenue de la Porallée 34
4920 Aywaille · WallonieSee on map

Contributed capital

1 215 909,01 €

Latest accounts

31/12/2025

Average workforce

38,4 ETP

Joint committees (4)

127
14904
200
218

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	16,3 M €	-1.7%	16,6 M €	+7.8%	15,4 M €	-10.6%	17,2 M €	+3.9%	16,5 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		6,6 M €
EBITDA	1,5 M €	-7.7%	1,6 M €	+7.4%	1,5 M €	+120%	680,5 k €	-46.7%	1,3 M €	-4.7%	1,3 M €	-1.2%	1,4 M €	+89.5%	715,6 k €	+63.4%	437,8 k €	-10.7%	490,5 k €	+4.7%	468,4 k €	+9.2%	428,8 k €	-20.8%	541,4 k €	+21.0%	447,4 k €	+14.0%	392,4 k €	-4.0%	408,6 k €	+11.6%	366,1 k €	-26.3%	496,8 k €	+158%	192,8 k €	-22.0%	247,3 k €
Operating result	436,6 k €	-14.0%	507,9 k €	+42.1%	357,5 k €	+253%	-233,7 k €	-146%	509,1 k €	-3.4%	526,8 k €	+32.3%	398,1 k €	+156%	155,4 k €	+122%	69,9 k €	-9.0%	76,8 k €	+19.9%	64,1 k €	+180%	22,9 k €	-76.8%	98,7 k €	+269%	26,8 k €	-15.5%	31,7 k €	-63.8%	87,4 k €	+40.9%	62,1 k €	-76.9%	269 k €	+1937%	-14,6 k €	-116%	90,8 k €
Net result	285,1 k €	-18.1%	348,2 k €	+6.5%	326,9 k €	-79.1%	1,6 M €	+237%	463,7 k €	+120%	-2,3 M €	-4264%	55,5 k €	+41.2%	39,3 k €	+344%	8,9 k €	-45.4%	16,2 k €	+13.5%	14,3 k €	+34.3%	10,6 k €	-55.4%	23,8 k €	+20.0%	19,9 k €	+255%	-12,8 k €	-153%	24 k €	+54.9%	15,5 k €	-89.5%	148,1 k €	+840%	-20 k €	-3207%	-605 €
Balance sheet
Equity	2,6 M €	+12.1%	2,4 M €	+17.4%	2 M €	+19.5%	1,7 M €	+17.7%	1,4 M €	+48.3%	960,8 k €	-70.6%	3,3 M €	+1.7%	3,2 M €	+24.5%	2,6 M €	+0.3%	2,6 M €	+0.6%	2,6 M €	+0.6%	2,5 M €	+0.4%	2,5 M €	+1.0%	2,5 M €	+0.8%	2,5 M €	-0.5%	2,5 M €	+115%	1,2 M €	+1.4%	1,1 M €	+14.8%	1 M €	-2.0%	1 M €
Total assets	9,9 M €	-5.6%	10,5 M €	+3.8%	10,1 M €	+19.7%	8,4 M €	-18.8%	10,4 M €	+29.6%	8 M €	-25.1%	10,7 M €	-2.7%	11 M €	+101%	5,5 M €	+13.4%	4,8 M €	+7.9%	4,5 M €	-11.2%	5 M €	-1.2%	5,1 M €	-2.1%	5,2 M €	-9.1%	5,7 M €	+8.9%	5,3 M €	+40.9%	3,7 M €	+44.8%	2,6 M €	-31.9%	3,8 M €	+30.0%	2,9 M €
Cash	667,3 k €	-16.8%	801,9 k €	+49.5%	536,5 k €	+44.4%	371,5 k €	-59.7%	922,7 k €	+98.8%	464,1 k €	+90.6%	243,6 k €	-39.0%	399,4 k €	+46.6%	272,4 k €	+8.0%	252,1 k €	-8.7%	276,1 k €	+17.6%	234,8 k €	-23.0%	304,9 k €	-12.7%	349,4 k €	-15.3%	412,6 k €	+22.5%	337 k €	+98.6%	169,7 k €	-63.2%	461,5 k €	+32.3%	348,7 k €	+13.4%	307,6 k €
Debts	6,9 M €	-10.3%	7,7 M €	+0.9%	7,6 M €	+24.0%	6,1 M €	-31.7%	9 M €	+27.0%	7,1 M €	-5.2%	7,4 M €	-4.5%	7,8 M €	+169%	2,9 M €	+28.3%	2,3 M €	+17.6%	1,9 M €	-23.2%	2,5 M €	-2.8%	2,6 M €	-4.9%	2,7 M €	-16.7%	3,2 M €	+17.4%	2,8 M €	+7.4%	2,6 M €	+79.8%	1,4 M €	-48.7%	2,8 M €	+47.2%	1,9 M €
Other
Workforce	38,4 ETP	+4.3%	36,8 ETP	-2.1%	37,6 ETP	-9.2%	41,4 ETP	+12.5%	36,8 ETP	+1.4%	36,3 ETP	-3.5%	37,6 ETP	-4.1%	39,2 ETP	+3.4%	37,9 ETP	+5.0%	36,1 ETP	-1.4%	36,6 ETP	-12.2%	41,7 ETP	+10.0%	37,9 ETP	-6.9%	40,7 ETP	+5.4%	38,6 ETP	+0.8%	38,3 ETP	-7.7%	41,5 ETP	-3.5%	43,0 ETP	-5.1%	45,3 ETP	-0.7%	45,6 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 · 6 ended

Active mandates

François KEMPGENS

Director · since 30 mai 2022 · until 29 mai 2028

Active

Marc KAUFFMAN

Managing director · since 30 mai 2022 · until 29 mai 2028

Active

Philippe PROFETA

Director · since 31 mai 2021 · until 30 avril 2027

Active

Thierry ETIENNE

Director · since 31 mai 2021 · until 30 mai 2027

Active

Ended mandates

Caroline KAUFFMAN

Director

Ended

Christian KAUFFMAN

Director

Ended

Emmanuel KAUFFMAN

Director

Ended

François KEMPGENS

Director

Ended

At this address

Other companies at this address

Company	CBE no.
CHARGAZ● Active	0433.458.158
C.K. TRANSPORTS● Active	0451.442.354
KAUFFMAN TECHNIC● Active	0862.842.813

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full 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	24/08/2026	31/07/2025	19/07/2024	27/07/2023	05/08/2022	30/08/2021
General meeting	29/07/2026	26/05/2025	17/06/2024	30/06/2023	03/01/2022	31/05/2021
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
Full model	31/12/2025	29/07/2026	24/08/2026	French	PDF
Full model	31/12/2024	26/05/2025	31/07/2025	French	PDF
Full model	31/12/2023	17/06/2024	19/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	27/07/2023	French	PDF
Full model	31/12/2021	03/01/2022	05/08/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	30/08/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	10/08/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	17/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	French	PDF
Abridged model	30/09/2015	15/02/2016	29/02/2016	French	PDF
Abridged model	30/09/2014	15/02/2015	02/03/2015	French	PDF
Abridged model	30/09/2013	15/03/2014	04/04/2014	French	PDF
Abridged model	30/09/2012	21/03/2013	18/04/2013	French	PDF
Abridged model	30/09/2011	31/03/2012	30/04/2012	French	PDF
Abridged model	30/09/2010	20/03/2011	11/04/2011	French	PDF
Abridged model	30/09/2009	02/01/2010	30/03/2010	French	PDF
Abridged model	30/09/2008	31/03/2009	22/04/2009	French	PDF
Abridged model	30/09/2007	31/03/2008	29/04/2008	French	PDF
Abridged model	30/09/2006	16/03/2007	03/04/2007	French	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 · 6 ended

Active mandates

François KEMPGENS

Director · since 30 mai 2022 · until 29 mai 2028

Active

Marc KAUFFMAN

Managing director · since 30 mai 2022 · until 29 mai 2028

Active

Philippe PROFETA

Director · since 31 mai 2021 · until 30 avril 2027

Active

Thierry ETIENNE

Director · since 31 mai 2021 · until 30 mai 2027

Active

Ended mandates

Caroline KAUFFMAN

Director

Ended

Christian KAUFFMAN

Director

Ended

Emmanuel KAUFFMAN

Director

Ended

François KEMPGENS

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - OBJET
PDF
Mandates19/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring28/02/2019
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring29/11/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring18/06/2018
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring13/04/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates21/12/2017
DEMISSIONS, NOMINATIONS
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 2025285,1 k €↓
2024
Annual accounts 2024348,2 k €↑
2023
Annual accounts 2023326,9 k €↓
2023
Name changeKAUFFMAN
2022
Annual accounts 20221,6 M €↑
2022
Name changeANCIENS ETS J.KAUFFMAN
2021
Annual accounts 2021463,7 k €↑
2021
Name changeKAUFFMAN ANCIENS ETABLISSEMENTS
2020
Annual accounts 2020-2,3 M €↓
2019
Annual accounts 201955,5 k €↑
2018
Annual accounts 201839,3 k €↑
2017
Annual accounts 20178,9 k €↓
2016
Annual accounts 201616,2 k €↑
2015
Annual accounts 201514,3 k €↑
2014
Annual accounts 201410,6 k €↓
2013
Annual accounts 201323,8 k €↑
2012
Annual accounts 201219,9 k €↑
2011
Annual accounts 2011-12,8 k €↓
2010
Annual accounts 201024 k €↑
2009
Annual accounts 200915,5 k €↓
2008
Annual accounts 2008148,1 k €↑
2007
Annual accounts 2007-20 k €↓
2006
Annual accounts 2006-605 €
29/08/1980
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

KAUFFMAN

Overview

What does KAUFFMAN 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