ACTIVE

F. KENNES

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Financial year 2025 · closed on 31/12/2025

Net result

85,7 k €

-52.5% YoY

Gross margin

1,2 M €

-15.4% YoY

Equity

2,3 M €

+3.8% YoY

Workforce

10,8 ETP

-11.5% YoY

What does F. KENNES do?

F. KENNES is a Private limited company incorporated in 1982. Its main activity is: Raising of dairy cattle. Its registered office is in Hoogstraten. It employs on average 10,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.223.767

Incorporation

10/11/1982

Legal form

Private limited company

Registered office

Ulicotenseweg 66 box A
2328 Hoogstraten · FlandreSee on map

Contributed capital

158 986,69 €

Latest accounts

31/12/2025

Average workforce

10,8 ETP

Activities (NACE)

01410Raising of dairy cattle· main 01610Support activities for crop production 01610Support activities for crop production 43110Demolition 43110Demolition 39000Remediation activities and other waste management services+5

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1,2 M €	-15.4%	1,5 M €	-3.5%	1,5 M €	-14.1%	1,7 M €	+20.2%	1,5 M €	+7.5%	1,4 M €	-13.8%	1,6 M €	+29.4%	1,2 M €	+17.8%	1 M €	+8.2%	950,9 k €	-17.5%	1,2 M €	+7.2%	1,1 M €	-4.0%	1,1 M €	-11.0%	1,3 M €	+0.7%	1,3 M €	+140%	521,9 k €	+13.9%	458,3 k €	+18.0%	388,3 k €	+2.7%	378,1 k €	-0.1%	378,4 k €
EBITDA	553,8 k €	-14.5%	647,8 k €	+8.6%	596,7 k €	-31.3%	868,8 k €	+40.9%	616,8 k €	-7.3%	665,7 k €	-26.4%	904,7 k €	+68.4%	537,3 k €	+30.4%	412,2 k €	-3.5%	427,2 k €	-21.9%	546,9 k €	-8.2%	595,6 k €	-2.0%	607,5 k €	-19.2%	752 k €	+0.4%	748,6 k €	+190%	258,6 k €	+31.5%	196,6 k €	-1.5%	199,6 k €	-2.5%	204,7 k €	+3.2%	198,4 k €
Operating result	109,8 k €	-58.4%	263,9 k €	+7.9%	244,5 k €	-57.4%	574,4 k €	+40.7%	408,2 k €	-7.1%	439,3 k €	-25.1%	586,7 k €	+204%	192,9 k €	+229%	58,6 k €	-56.3%	134,1 k €	-3.5%	139 k €	-9.2%	153,1 k €	+68.1%	91 k €	-62.0%	239,8 k €	+19.4%	200,9 k €	+328%	46,9 k €	+98.7%	23,6 k €	-32.1%	34,8 k €	-40.2%	58,2 k €	-8.2%	63,4 k €
Net result	85,7 k €	-52.5%	180,4 k €	+4.5%	172,6 k €	-62.2%	457,1 k €	+43.6%	318,2 k €	-8.3%	347,1 k €	-17.7%	421,6 k €	+205%	138,4 k €	+292%	35,3 k €	-64.7%	99,9 k €	+58.7%	62,9 k €	-4.4%	65,8 k €	+133%	28,3 k €	-76.4%	120,2 k €	+1.2%	118,8 k €	+418%	22,9 k €	+165%	8,6 k €	-61.8%	22,6 k €	-27.5%	31,2 k €	-32.7%	46,3 k €
Balance sheet
Equity	2,3 M €	+3.8%	2,2 M €	+8.8%	2,1 M €	+9.2%	1,9 M €	+29.0%	1,5 M €	+17.6%	1,2 M €	+15.3%	1,1 M €	+19.8%	895,8 k €	+18.3%	757,4 k €	+4.9%	722,2 k €	+16.1%	622,3 k €	+11.3%	559,3 k €	+13.3%	493,5 k €	-6.6%	528,2 k €	+29.5%	408 k €	-30.8%	589,2 k €	+4.0%	566,3 k €	+1.6%	557,7 k €	+4.2%	535,1 k €	+6.2%	503,9 k €
Total assets	2,8 M €	-8.4%	3,1 M €	+15.0%	2,7 M €	+1.6%	2,6 M €	+31.3%	2 M €	-1.1%	2 M €	+9.3%	1,9 M €	+12.6%	1,6 M €	-4.6%	1,7 M €	+19.1%	1,5 M €	-30.9%	2,1 M €	+26.4%	1,7 M €	-10.0%	1,8 M €	+3.3%	1,8 M €	-25.7%	2,4 M €	+72.7%	1,4 M €	-21.8%	1,8 M €	+36.5%	1,3 M €	-13.3%	1,5 M €	+6.5%	1,4 M €
Cash	528,1 k €	+225%	162,5 k €	-42.5%	282,6 k €	-31.5%	412,3 k €	+20.3%	342,7 k €	-29.0%	482,6 k €	-7.2%	520,2 k €	-9.6%	575,7 k €	+45.5%	395,8 k €	+13.7%	348,2 k €	-33.8%	526,1 k €	+22.5%	429,5 k €	-20.2%	538 k €	+1254%	39,7 k €	-78.5%	185,2 k €	+345%	41,6 k €	-35.8%	64,8 k €	-35.1%	99,8 k €	-22.3%	128,5 k €	+4237%	3 k €
Debts	493 k €	-41.0%	836,2 k €	+35.2%	618,6 k €	-18.0%	754,4 k €	+36.9%	551,1 k €	-30.5%	792,5 k €	+1.1%	784,1 k €	+4.0%	753,7 k €	-22.5%	972,3 k €	+33.2%	729,9 k €	-50.7%	1,5 M €	+34.0%	1,1 M €	-18.3%	1,4 M €	+7.3%	1,3 M €	-36.9%	2 M €	+149%	802,7 k €	-33.9%	1,2 M €	+62.6%	746,4 k €	-23.0%	969,3 k €	+6.6%	909,1 k €
Other
Workforce	10,8 ETP	-11.5%	12,2 ETP	-16.4%	14,6 ETP	-8.2%	15,9 ETP	-1.9%	16,2 ETP	+7.3%	15,1 ETP	+19.8%	12,6 ETP	+0.8%	12,5 ETP	+11.6%	11,2 ETP	+3.7%	10,8 ETP	-10.7%	12,1 ETP	+27.4%	9,5 ETP	-7.8%	10,3 ETP	-6.4%	11,0 ETP	+12.2%	9,8 ETP	+66.1%	5,9 ETP	0.0%	5,9 ETP	+25.5%	4,7 ETP	+11.9%	4,2 ETP	-17.6%	5,1 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 · 1 active · 3 ended

Active mandates

Jeroen Kennes

Director

Active

Ended mandates

Jeroen Kennes

Manager · since 15 août 2008

Ended

Franciscus Kennes

Manager

Ended

Jeroen Kennes

Manager

Ended

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	19/06/2026	17/06/2025	14/06/2024	15/06/2023	09/06/2022	28/06/2021
General meeting	16/05/2026	17/05/2025	18/05/2024	20/05/2023	21/05/2022	15/05/2021
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
Abridged model	31/12/2025	16/05/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2024	17/05/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	18/05/2024	14/06/2024	Dutch	PDF
Abridged model	31/12/2022	20/05/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	21/05/2022	09/06/2022	Dutch	PDF
Abridged model	31/12/2020	15/05/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/05/2020	12/06/2020	Dutch	PDF
Abridged model	31/12/2018	18/05/2019	24/05/2019	Dutch	PDF
Abridged model	31/12/2017	19/05/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	20/05/2017	01/06/2017	Dutch	PDF
Abridged model	31/12/2015	21/05/2016	30/05/2016	Dutch	PDF
Abridged model	31/12/2014	16/05/2015	28/05/2015	Dutch	PDF
Abridged model	31/12/2013	17/05/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	18/05/2013	03/06/2013	Dutch	PDF
Abridged model	31/12/2011	19/05/2012	08/06/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	24/05/2011	Dutch	PDF
Abridged model	31/12/2009	15/05/2010	08/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	02/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	05/06/2008	Dutch	PDF
Abridged model	31/12/2006	19/05/2007	05/06/2007	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 · 1 active · 3 ended

Active mandates

Jeroen Kennes

Director

Active

Ended mandates

Jeroen Kennes

Manager · since 15 août 2008

Ended

Franciscus Kennes

Manager

Ended

Jeroen Kennes

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other20/01/2020
DIVERSEN
PDF
Mandates22/10/2019
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/02/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares03/01/2014
KAPITAAL - AANDELEN
PDF
Mandates25/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2004
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 202585,7 k €↓
2024
Annual accounts 2024180,4 k €↑
2023
Annual accounts 2023172,6 k €↓
2022
Annual accounts 2022457,1 k €↑
2021
Annual accounts 2021318,2 k €↓
2020
Annual accounts 2020347,1 k €↓
2019
Annual accounts 2019421,6 k €↑
2018
Annual accounts 2018138,4 k €↑
2017
Annual accounts 201735,3 k €↓
2016
Annual accounts 201699,9 k €↑
2015
Annual accounts 201562,9 k €↓
2014
Annual accounts 201465,8 k €↑
2013
Annual accounts 201328,3 k €↓
2012
Annual accounts 2012120,2 k €↑
2011
Annual accounts 2011118,8 k €↑
2010
Annual accounts 201022,9 k €↑
2009
Annual accounts 20098,6 k €↓
2008
Annual accounts 200822,6 k €↓
2007
Annual accounts 200731,2 k €↓
2006
Annual accounts 200646,3 k €
10/11/1982
IncorporationPrivate 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

F. KENNES

Overview

What does F. KENNES do?

Trend over 20 financial years

Indicative valuation

Board of directors

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