ACTIVE

De Kerselaar

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Financial year 2025 · closed on 31/12/2025

Net result

474 k €

-24.7% YoY

Revenue

1,1 M €

-3.0% YoY

Equity

9,2 M €

+4.0% YoY

Workforce

66,2 ETP

+3.0% YoY

What does De Kerselaar do?

De Kerselaar is a Non-profit organization incorporated in 1981. Its main activity is: General secondary education. Its registered office is in Overijse. It employs on average 66,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.076.494

Incorporation

15/05/1981

Legal form

Non-profit organization

Registered office

Drogenberg 90
3090 Overijse · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

66,2 ETP

Activities (NACE)

85314General secondary education· main 87202Residential care activities for mental retardation, mental health and substance abuse 87202Residential care activities for mental retardation, mental health and substance abuse

Joint committees (1)

31901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	1,1 M €	-3.0%	1,1 M €	+11.3%	975,1 k €	+16.1%	839,7 k €	+11.4%	754,1 k €	+9.2%	690,3 k €	-2.9%	710,6 k €	+1.1%	702,8 k €	+3.2%	680,8 k €	+5.7%	644 k €	-0.6%	647,7 k €	+7.3%	603,6 k €	+17.8%	512,2 k €	+5.5%	485,4 k €	+2.0%	475,7 k €	-0.3%	476,9 k €	-0.9%	481,2 k €	+6.3%	452,8 k €
EBITDA	1,1 M €	-11.3%	1,2 M €	+22.0%	994,9 k €	+44.7%	687,6 k €	-13.0%	790,7 k €	+58.2%	499,6 k €	-15.5%	591,4 k €	+16.8%	506,4 k €	-5.6%	536,3 k €	-3.2%	554 k €	+2.9%	538,2 k €	+151%	214,8 k €	-4.1%	223,9 k €	-26.9%	306,2 k €	-2.0%	312,5 k €	+46.7%	213 k €	-15.5%	252 k €	+51.7%	166,1 k €
Operating result	479,9 k €	-24.1%	632,2 k €	+43.3%	441,3 k €	-4.4%	461,7 k €	-17.4%	558,6 k €	+108%	268,4 k €	-25.6%	360,5 k €	+43.2%	251,8 k €	-9.4%	277,8 k €	-2.7%	285,5 k €	+3.5%	276 k €	+951%	-32,4 k €	-1305%	2,7 k €	-97.6%	112,7 k €	-27.9%	156,4 k €	+59.0%	98,3 k €	-48.0%	189,1 k €	+63.4%	115,7 k €
Net result	474 k €	-24.7%	629,8 k €	+47.7%	426,5 k €	-5.5%	451,3 k €	-19.8%	562,4 k €	+106%	273,1 k €	-33.5%	410,9 k €	+31.6%	312,2 k €	-23.9%	410 k €	+5.2%	389,6 k €	+8.0%	360,9 k €	+73.8%	207,6 k €	-28.8%	291,4 k €	+6.9%	272,6 k €	-11.6%	308,5 k €	+51.5%	203,6 k €	-35.1%	313,7 k €	+57.3%	199,3 k €
Balance sheet
Equity	9,2 M €	+4.0%	8,8 M €	+6.1%	8,3 M €	+3.7%	8 M €	+8.9%	7,4 M €	+11.1%	6,6 M €	+2.6%	6,5 M €	+4.7%	6,2 M €	+3.4%	6 M €	+5.1%	5,7 M €	+5.4%	5,4 M €	+5.1%	5,1 M €	+1.1%	5,1 M €	+2.6%	4,9 M €	+2.3%	4,8 M €	+3.5%	4,7 M €	+136%	2 M €	+17.1%	1,7 M €
Total assets	15 M €	+3.0%	14,5 M €	-1.1%	14,7 M €	+1.8%	14,4 M €	+57.0%	9,2 M €	-38.6%	15 M €	+3.2%	14,5 M €	+3.6%	14 M €	+3.0%	13,6 M €	+4.4%	13 M €	+7.9%	12,1 M €	+7.2%	11,3 M €	+3.9%	10,8 M €	+20.9%	9 M €	-13.5%	10,3 M €	+27.2%	8,1 M €	+55.3%	5,2 M €	+9.5%	4,8 M €
Cash	1,8 M €	+83.3%	975,3 k €	+27.5%	764,9 k €	+16.0%	659,6 k €	+38.5%	476,3 k €	+167%	178,7 k €	+226%	54,8 k €	+93.4%	28,3 k €	-57.6%	66,9 k €	+288%	17,2 k €	-65.3%	49,7 k €	-97.1%	1,7 M €	+46.0%	1,2 M €	+0.2%	1,2 M €	-25.9%	1,6 M €	+139%	650,3 k €	-54.4%	1,4 M €	+19.3%	1,2 M €
Debts	5,8 M €	+1.4%	5,7 M €	-10.3%	6,4 M €	-0.6%	6,4 M €	+250%	1,8 M €	-78.1%	8,3 M €	+3.7%	8,1 M €	+2.8%	7,8 M €	+2.8%	7,6 M €	+3.9%	7,3 M €	+9.9%	6,7 M €	+8.9%	6,1 M €	+6.4%	5,8 M €	+43.7%	4 M €	-27.1%	5,5 M €	+59.9%	3,4 M €	+5.4%	3,3 M €	+5.4%	3,1 M €
Other
Workforce	66,2 ETP	+3.0%	64,3 ETP	+4.6%	61,5 ETP	+2.0%	60,3 ETP	-2.6%	61,9 ETP	+1.0%	61,3 ETP	+4.3%	58,8 ETP	-4.1%	61,3 ETP	+10.1%	55,7 ETP	+0.5%	55,4 ETP	+2.6%	54,0 ETP	+10.2%	49,0 ETP	+16.7%	42,0 ETP	-2.3%	43,0 ETP	+13.2%	38,0 ETP	-2.8%	39,1 ETP	+0.3%	39,0 ETP	+1.3%	38,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 69 ended

Active mandates

Erik Stas

Director · since 31 mai 2025 · until 31 mai 2029

Active

Gaetan Muyldermans

Director · since 31 mai 2025 · until 31 mai 2029

Active

Rens Vanderkelen

Director · since 31 mai 2025 · until 31 mai 2029

Active

Ruben Peeters

Director · since 31 mai 2025 · until 31 mai 2029

Active

Albert Timmermans

Chairman of the board of directors · since 27 mai 2024

Active

Marcel Roeykens

Director · since 27 mai 2024

Active

Monique Muyldermans

Director · since 27 mai 2024

Active

Miranda Cornet

Director · since 31 mai 2023 · until 31 mai 2027

Active

Daniel Deuvaert

Director · since 31 mai 2022 · until 31 mai 2026

Active

Aad Brinkhof

Director · since 30 mai 2022 · until 31 mai 2026

Active

Elie Pay

Director · since 30 mai 2022 · until 31 mai 2026

Active

Etienne Smets

Director · since 30 mai 2022 · until 31 mai 2026

Active

Ended mandates

Miranda Cornet

Director · since 27 mai 2019 · until 27 mai 2023

Ended

Etienne Smets

Director · since 01 avril 2018 · until 01 avril 2018

Ended

Etienne Smets

Director · since 01 avril 2018 · until 01 juin 2021

Ended

Etienne Smets

Director · since 01 avril 2018 · until 30 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
VOEDSELHULP-DRUIVENSTREEK● Active	0841.347.019

Annual accounts

Full financial information

	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	05/06/2026	28/05/2025	30/05/2024	24/05/2023	08/06/2022	11/06/2021
General meeting	01/06/2026	26/05/2025	27/05/2024	22/05/2023	30/05/2022	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	01/06/2026	05/06/2026	Dutch	PDF
Full model	31/12/2024	26/05/2025	28/05/2025	Dutch	PDF
Full model	31/12/2023	27/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	22/05/2023	24/05/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	08/06/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	11/06/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	12/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	06/06/2018	Dutch	PDF
Full model	31/12/2016	28/05/2017	09/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	04/07/2014	Dutch	PDF
Abridged model	31/12/2012	06/05/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/05/2012	25/06/2012	Dutch	PDF
Abridged model	31/12/2010	02/05/2011	04/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/04/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	18/04/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	22/04/2008	14/05/2008	Dutch	PDF
Abridged model	31/12/2006	24/04/2007	23/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 12 active · 69 ended

Active mandates

Erik Stas

Director · since 31 mai 2025 · until 31 mai 2029

Active

Gaetan Muyldermans

Director · since 31 mai 2025 · until 31 mai 2029

Active

Rens Vanderkelen

Director · since 31 mai 2025 · until 31 mai 2029

Active

Ruben Peeters

Director · since 31 mai 2025 · until 31 mai 2029

Active

Albert Timmermans

Chairman of the board of directors · since 27 mai 2024

Active

Marcel Roeykens

Director · since 27 mai 2024

Active

Monique Muyldermans

Director · since 27 mai 2024

Active

Miranda Cornet

Director · since 31 mai 2023 · until 31 mai 2027

Active

Daniel Deuvaert

Director · since 31 mai 2022 · until 31 mai 2026

Active

Aad Brinkhof

Director · since 30 mai 2022 · until 31 mai 2026

Active

Elie Pay

Director · since 30 mai 2022 · until 31 mai 2026

Active

Etienne Smets

Director · since 30 mai 2022 · until 31 mai 2026

Active

Ended mandates

Miranda Cornet

Director · since 27 mai 2019 · until 27 mai 2023

Ended

Etienne Smets

Director · since 01 avril 2018 · until 01 avril 2018

Ended

Etienne Smets

Director · since 01 avril 2018 · until 01 juin 2021

Ended

Etienne Smets

Director · since 01 avril 2018 · until 30 juin 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/07/2019
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 2025474 k €↓
2024
Annual accounts 2024629,8 k €↑
2023
Annual accounts 2023426,5 k €↓
2022
Annual accounts 2022451,3 k €↓
2021
Annual accounts 2021562,4 k €↑
2020
Annual accounts 2020273,1 k €↓
2019
Annual accounts 2019410,9 k €↑
2018
Annual accounts 2018312,2 k €↓
2017
Annual accounts 2017410 k €↑
2016
Annual accounts 2016389,6 k €↑
2015
Annual accounts 2015360,9 k €↑
2014
Annual accounts 2014207,6 k €↓
2013
Annual accounts 2013291,4 k €↑
2012
Annual accounts 2012272,6 k €↓
2011
Annual accounts 2011308,5 k €↑
2010
Annual accounts 2010203,6 k €↓
2009
Annual accounts 2009313,7 k €↑
2008
Annual accounts 2008199,3 k €
15/05/1981
IncorporationNon-profit organization

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

De Kerselaar

Overview

What does De Kerselaar do?

Trend over 18 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