ACTIVE

KELMA

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Financial year 2025 · closed on 30/09/2025
Net result
179 k €
+4.7% YoY
Gross margin
594,6 k €
+12.8% YoY
Equity
447,8 k €
+16.9% YoY
Workforce
3,4 ETP
+9.7% YoY

What does KELMA do?

KELMA is a Public limited company incorporated in 1981. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Niel. It employs on average 3,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0421.976.031
Incorporation
14/10/1981
Legal form
Public limited company
Registered office
Galileilaan 92 box 9
2845 Niel · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
30/09/2025
Average workforce
3,4 ETP
Activities (NACE)
26510Manufacture of instruments and appliances for measuring, testing and navigation· main26510Manufacture of instruments and appliances for measuring, testing and navigation33202Installation of industrial machinery and equipment46646Wholesale of machinery for the textile industry and of sewing and knitting machines46696Wholesale of other machinery and equipment52740Warehousing and support activities for transportation+2
Joint committees (2)
  • 111
  • 209
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 17 financial years

20252024202320222021201920182017201620152014201320122010200920072006
Income statement
Gross margin594,6 k €527,1 k €398 k €392,3 k €706,8 k €353,4 k €390,8 k €279,1 k €382,1 k €460 k €409,3 k €345,2 k €684,1 k €313,7 k €602,3 k €361 k €208,5 k €
EBITDA271 k €260,9 k €129,9 k €133,6 k €329,1 k €80,1 k €107,6 k €43,7 k €60,8 k €134,4 k €81 k €142,6 k €110,1 k €148,1 k €129,6 k €139,9 k €7,1 k €
Operating result242,7 k €231,4 k €101,5 k €106,1 k €292,8 k €54,5 k €81,6 k €17 k €26,8 k €111,2 k €52,7 k €113,1 k €67,5 k €122,1 k €100 k €120,4 k €-8,6 k €
Net result179 k €170,9 k €71,3 k €75,8 k €272,7 k €40,5 k €54,4 k €13,1 k €19,3 k €71 k €31 k €69,6 k €39,3 k €97,6 k €78,1 k €117,4 k €7,6 k €
Balance sheet
Equity447,8 k €383 k €329,6 k €358,3 k €289,8 k €440,1 k €399,7 k €345,2 k €332,1 k €312,9 k €281,9 k €270,9 k €231,3 k €222 k €626,4 k €548,4 k €506 k €
Total assets797,8 k €758,9 k €658 k €856,4 k €951,8 k €834,7 k €765,9 k €820 k €766,1 k €609,6 k €561 k €578,7 k €681,9 k €975,5 k €968,4 k €1 M €857 k €
Cash277,1 k €241,1 k €216,2 k €480,9 k €423,8 k €334,1 k €226,1 k €203,1 k €124,3 k €185,6 k €228,4 k €198,7 k €199,6 k €572,4 k €489 k €129,3 k €103,5 k €
Debts350,1 k €341 k €310,7 k €498,1 k €656,8 k €359,8 k €288,5 k €420,4 k €346,3 k €226,6 k €207,9 k €252,6 k €318,9 k €690,4 k €213,5 k €341,7 k €246,7 k €
Other
Workforce3,4 ETP3,1 ETP3,2 ETP3,3 ETP2,7 ETP3,3 ETP3,4 ETP3,0 ETP4,2 ETP5,0 ETP4,6 ETP4,2 ETP4,1 ETP3,7 ETP4,3 ETP4,1 ETP4,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 19 ended

Active mandates

L² Consultancy

Managing director · since 31 janvier 2011 · 0474.000.495

Represented by Leen Luyten

Active

Ended mandates

L² Consultancy

Managing director · since 01 avril 2023 · until 01 avril 2029 · 0474.000.495

Represented by Leen Luyten

Ended
Désiré Luyten

Managing director · since 01 avril 2017 · until 21 octobre 2020

Ended
Désiré Luyten

Managing director · since 01 avril 2017 · until 01 avril 2023

Ended
L² Consultancy

Managing director · since 01 avril 2017 · until 01 avril 2023 · 0474.000.495

Represented by Leen Luyten

Ended
At this address

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CURRENT● Active
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GINTIN● Active
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JACOBS KANTOORMACHINES● Active
0413.216.337
Kelma BTW-eenheid● Active
0670.428.069
MIXING TALES● Active
0632.982.903
OFFICE FLEET SOLUTIONS● Active
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0764.510.844
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WD&C INVEST● Active
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Annual accounts

Full financial information

202520242023202220212019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/11/201901/11/2018
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202131/10/2019
Length of the financial year12 months12 months12 months12 months23 months12 months
Filing date14/04/202618/03/202522/03/202430/03/202331/03/202228/05/2020
General meeting07/03/202601/03/202502/03/202404/03/202307/03/202225/04/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202507/03/202614/04/2026DutchPDF
Abridged model30/09/202401/03/202518/03/2025DutchPDF
Abridged model30/09/202302/03/202422/03/2024DutchPDF
Abridged model30/09/202204/03/202330/03/2023DutchPDF
Abridged model30/09/202107/03/202231/03/2022DutchPDF
Abridged model31/10/201925/04/202028/05/2020DutchPDF
Abridged model31/10/201827/04/201914/05/2019DutchPDF
Abridged model31/10/201728/04/201823/05/2018DutchPDF
Abridged model31/10/201601/04/201725/04/2017DutchPDF
Abridged model31/10/201502/04/201605/04/2016DutchPDF
Abridged model31/10/201404/04/201518/04/2015DutchPDF
Abridged model31/10/201305/04/201416/04/2014DutchPDF
Abridged model31/10/201227/04/201310/05/2013DutchPDF
Abridged model30/11/201031/01/201114/02/2011DutchPDF
Abridged model30/11/200903/05/201025/05/2010DutchPDF
Abridged model31/12/200731/05/200811/06/2008DutchPDF
Abridged model31/12/200615/06/200729/06/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 1 active · 19 ended

Active mandates

L² Consultancy

Managing director · since 31 janvier 2011 · 0474.000.495

Represented by Leen Luyten

Active

Ended mandates

L² Consultancy

Managing director · since 01 avril 2023 · until 01 avril 2029 · 0474.000.495

Represented by Leen Luyten

Ended
Désiré Luyten

Managing director · since 01 avril 2017 · until 21 octobre 2020

Ended
Désiré Luyten

Managing director · since 01 avril 2017 · until 01 avril 2023

Ended
L² Consultancy

Managing director · since 01 avril 2017 · until 01 avril 2023 · 0474.000.495

Represented by Leen Luyten

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/11/2020
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office25/04/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/05/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/05/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/11/2011
    BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/09/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other20/01/2009
    ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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

Timeline

  1. 2025
    Annual accounts 2025179 k €↑
  2. 2024
    Annual accounts 2024170,9 k €↑
  3. 2023
    Annual accounts 202371,3 k €↓
  4. 2022
    Annual accounts 202275,8 k €↓
  5. 2021
    Annual accounts 2021272,7 k €↑
  6. 2019
    Annual accounts 201940,5 k €↓
  7. 2018
    Annual accounts 201854,4 k €↑
  8. 2017
    Annual accounts 201713,1 k €↓
  9. 2016
    Annual accounts 201619,3 k €↓
  10. 2015
    Annual accounts 201571 k €↑
  11. 2014
    Annual accounts 201431 k €↓
  12. 2013
    Annual accounts 201369,6 k €↑
  13. 2012
    Annual accounts 201239,3 k €↓
  14. 2010
    Annual accounts 201097,6 k €↑
  15. 2009
    Annual accounts 200978,1 k €↓
  16. 2007
    Annual accounts 2007117,4 k €↑
  17. 2006
    Annual accounts 20067,6 k €
  18. 14/10/1981
    IncorporationPublic limited company