ACTIVE

Garage Lieven De Keulenaer

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Financial year 2025 · Closed on 31/12/2025

Net result701,5 k €-26,1 %over 1 year

Revenue25,2 M €-12,3 %over 1 year

Equity5,5 M €+14,6 %over 1 year

Workforce13,9 ETP+3,7 %over 1 year

Identity

Source · BCE/KBO

Garage Lieven De Keulenaer is a Public limited company incorporated in 1984. Its registered office is in Beveren-Kruibeke-Zwijndrecht. It employs on average 13,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0426.617.975
Incorporation: 28/12/1984
Legal form: Public limited company
Registered office: Vesten(BEV) 90
9120 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital: 130 144,10 €
Latest accounts: 31/12/2025
Average workforce: 13,9 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	25,2 M €	-12.3%	28,7 M €	+13.4%	25,3 M €	+66.9%	15,2 M €	-2.0%	15,5 M €
EBITDA	1,1 M €	-28.4%	1,5 M €	+29.1%	1,2 M €	+51.6%	786,1 k €	+11.2%	706,7 k €
Operating result	964,3 k €	-29.9%	1,4 M €	+2.6%	1,3 M €	+121%	606,8 k €	+11.0%	547 k €
Net result	701,5 k €	-26.1%	949,2 k €	+1.8%	932,8 k €	+115%	433,1 k €	+11.7%	387,6 k €
Balance sheet
Equity	5,5 M €	+14.6%	4,8 M €	+24.7%	3,8 M €	+27.6%	3 M €	+16.8%	2,6 M €
Total assets	7,9 M €	+7.4%	7,4 M €	-23.0%	9,6 M €	+68.6%	5,7 M €	+12.5%	5 M €
Cash	2,2 M €	+52.4%	1,5 M €	-11.6%	1,6 M €	+42.9%	1,1 M €	+21.6%	945,2 k €
Debts	2,4 M €	-5.7%	2,5 M €	-55.4%	5,7 M €	+149%	2,3 M €	+11.0%	2,1 M €
Other
Workforce	13,9 ETP	+3.7%	13,4 ETP	+16.5%	11,5 ETP	+2.7%	11,2 ETP	+2.8%	10,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 13 ended

Active mandates

Kris De Keulenaer

Director · since 28 octobre 2024 · until 26 juin 2030

Active

Lieven De Keulenaer

Managing director · since 28 octobre 2024 · until 26 juin 2030

Active

Steven De Keulenaer

Managing director · since 28 octobre 2024 · until 26 juin 2030

Active

Ended mandates

Steven De Keulenaer

Director · since 04 décembre 2019 · until 31 décembre 2025

Ended

Lieven De Keulenaer

Managing director · since 20 juin 2003 · until 19 juin 2008

Ended

Linda Vergauwen

Director · since 20 juin 2003 · until 19 juin 2008

Ended

Lieven De Keulenaer

Director · until 31 décembre 2025

Ended

Other companies at this address

Vesten(BEV) 90 9120 Beveren-Kruibeke-Zwijndrecht

Company	CBE no.
De Keulenaer Invest● Active	1024.643.959
De Keulenaer Mobility● Active	1028.876.327
RAAP-INVEST● Active	0432.828.648

Full financial information

Source · NBB

	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	01/07/2020
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	6 months
Filing date	01/07/2026	09/07/2025	04/07/2024	18/07/2023	07/07/2022	28/07/2021
General meeting	24/06/2026	25/06/2025	26/06/2024	28/06/2023	29/06/2022	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	01/07/2026	Dutch	PDF
Full model	31/12/2024	25/06/2025	09/07/2025	Dutch	PDF
Full model	31/12/2023	26/06/2024	04/07/2024	Dutch	PDF
Full modelCorrection	31/12/2022	28/06/2023	18/07/2023	Dutch	PDF
Full model	31/12/2022	28/06/2023	06/07/2023	Dutch	PDF
Full model	31/12/2021	29/06/2022	07/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Full model	30/06/2020	28/12/2020	28/01/2021	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	07/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	11/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	09/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	08/06/2007	03/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 13 ended

Active mandates

Kris De Keulenaer

Director · since 28 octobre 2024 · until 26 juin 2030

Active

Lieven De Keulenaer

Managing director · since 28 octobre 2024 · until 26 juin 2030

Active

Steven De Keulenaer

Managing director · since 28 octobre 2024 · until 26 juin 2030

Active

Ended mandates

Steven De Keulenaer

Director · since 04 décembre 2019 · until 31 décembre 2025

Ended

Lieven De Keulenaer

Managing director · since 20 juin 2003 · until 19 juin 2008

Ended

Linda Vergauwen

Director · since 20 juin 2003 · until 19 juin 2008

Ended

Lieven De Keulenaer

Director · until 31 décembre 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates24/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other08/01/2021
ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates28/07/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/12/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates23/04/2015
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025701,5 k €↓
2024
Annual accounts 2024949,2 k €↑
2023
Annual accounts 2023932,8 k €↑
2022
Annual accounts 2022433,1 k €↑
2021
Annual accounts 2021387,6 k €↑
2021
Name changeGarage De Keulenaer Lieven
2020
Annual accounts 2020371,8 k €↓
2020
Annual accounts 2020659,1 k €↑
2018
Annual accounts 201861,2 k €↑
2017
Annual accounts 2017-82 k €↓
2016
Annual accounts 2016157,3 k €↑
2015
Annual accounts 2015-26,2 k €↓
2014
Annual accounts 2014101 k €↑
2013
Annual accounts 201381,3 k €↓
2012
Annual accounts 2012106,3 k €↓
2011
Annual accounts 2011166,2 k €↑
2010
Annual accounts 201084 k €↑
2009
Annual accounts 200926,9 k €↑
2008
Annual accounts 2008-1,6 k €↑
2007
Annual accounts 2007-9,8 k €↓
2006
Annual accounts 2006-1,9 k €
2006
Name changeGarage Lieven De Keulenaer
28/12/1984
IncorporationPublic limited company

Garage Lieven De Keulenaer

Overview

Identity

Financials

Valuation

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

Timeline