ACTIVE

KERTIBO

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Financial year 2025 · closed on 31/12/2025

Net result

369,1 k €

+37.3% YoY

Gross margin

618,9 k €

+30.1% YoY

Equity

3,6 M €

+7.5% YoY

What does KERTIBO do?

KERTIBO is a Public limited company incorporated in 1987. Its registered office is in Destelbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.885.282

Incorporation

06/04/1987

Legal form

Public limited company

Registered office

Loveldstraat(HEU) 104
9070 Destelbergen · FlandreSee on map

Contributed capital

1 249 383,36 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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
Gross margin	618,9 k €	+30.1%	475,7 k €	-7.9%	516,5 k €	+17.0%	441,3 k €	+60.6%	274,9 k €	-10.0%	305,5 k €	+4.8%	291,6 k €	-0.1%	292 k €	+5.2%	277,5 k €	+2.5%	270,8 k €	+0.8%	268,5 k €	-3.3%	277,6 k €	-3.0%	286,1 k €	+4.4%	273,9 k €	+5.4%	259,9 k €	+9.8%	236,7 k €	-4.9%	249 k €	+5.9%	235,1 k €	+34.5%	174,8 k €	-8.8%	191,7 k €
EBITDA	575,4 k €	+27.0%	453,2 k €	-12.0%	515,2 k €	+32.2%	389,8 k €	+69.4%	230 k €	-19.6%	286,1 k €	+2.0%	280,5 k €	-1.8%	285,5 k €	+8.7%	262,6 k €	-0.2%	263,1 k €	+0.9%	260,7 k €	-3.5%	270 k €	-3.1%	278,5 k €	+4.9%	265,6 k €	+5.0%	252,9 k €	+9.9%	230 k €	-4.9%	241,7 k €	+5.1%	230 k €	+35.5%	169,8 k €	+6.1%	160 k €
Operating result	403,4 k €	+31.4%	306,9 k €	-30.5%	441,6 k €	+49.4%	295,5 k €	+169%	109,8 k €	-40.9%	185,7 k €	-7.2%	200 k €	-2.4%	205 k €	+12.6%	182,1 k €	-0.4%	182,9 k €	+1.9%	179,5 k €	-4.9%	188,9 k €	-4.1%	196,9 k €	+7.0%	183,9 k €	-14.9%	216 k €	+109%	103,5 k €	-35.4%	160,1 k €	+7.9%	148,4 k €	+131%	64,2 k €	-43.0%	112,5 k €
Net result	369,1 k €	+37.3%	268,9 k €	-12.2%	306,2 k €	+54.2%	198,6 k €	+461%	35,4 k €	-83.1%	209,9 k €	+79.6%	116,9 k €	+1.0%	115,7 k €	+15.8%	100 k €	+3.4%	96,7 k €	+17.7%	82,1 k €	-12.4%	93,8 k €	-1.6%	95,4 k €	+12.0%	85,2 k €	+6.0%	80,4 k €	+1448%	5,2 k €	-85.5%	35,9 k €	+14.5%	31,3 k €	-17.8%	38,1 k €	-52.3%	80 k €
Balance sheet
Equity	3,6 M €	+7.5%	3,4 M €	+8.6%	3,1 M €	+10.9%	2,8 M €	+7.6%	2,6 M €	+1.4%	2,6 M €	+8.9%	2,4 M €	+5.2%	2,2 M €	+5.4%	2,1 M €	+4.9%	2 M €	+5.0%	1,9 M €	+4.4%	1,9 M €	+5.3%	1,8 M €	+5.7%	1,7 M €	+5.4%	1,6 M €	+5.4%	1,5 M €	+0.3%	1,5 M €	+2.5%	1,5 M €	+2.2%	1,4 M €	+2.7%	1,4 M €
Total assets	5,1 M €	+2.3%	4,9 M €	+2.8%	4,8 M €	-0.2%	4,8 M €	+53.3%	3,1 M €	-1.1%	3,2 M €	+8.9%	2,9 M €	-0.0%	2,9 M €	+0.0%	2,9 M €	-2.9%	3 M €	+1.3%	3 M €	-5.4%	3,1 M €	-2.0%	3,2 M €	-0.9%	3,2 M €	-3.6%	3,4 M €	-1.5%	3,4 M €	-4.1%	3,5 M €	-3.0%	3,7 M €	-5.2%	3,9 M €	+142%	1,6 M €
Cash	287 k €	+523%	46,1 k €	-72.2%	165,9 k €	-88.0%	1,4 M €	+84.4%	748,2 k €	+3.5%	723,2 k €	+101%	359,4 k €	+47.8%	243,2 k €	+12.1%	216,9 k €	+24.4%	174,4 k €	+164%	66 k €	-49.5%	130,8 k €	+26.2%	103,7 k €	+99.2%	52 k €	-45.4%	95,3 k €	-6.6%	102 k €	+252%	29 k €	-59.8%	72 k €	-47.8%	138 k €	+83.0%	75,4 k €
Debts	1,3 M €	-10.0%	1,5 M €	-8.9%	1,6 M €	-13.2%	1,9 M €	+302%	468,6 k €	+20.3%	389,4 k €	-28.7%	546,2 k €	-16.9%	657,2 k €	-15.0%	773 k €	-18.8%	951,9 k €	-6.2%	1 M €	-20.3%	1,3 M €	-10.9%	1,4 M €	-6.8%	1,5 M €	-11.1%	1,7 M €	-7.3%	1,9 M €	-7.7%	2 M €	-6.8%	2,2 M €	-9.9%	2,4 M €	+1358%	164,7 k €

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 · 14 ended

Active mandates

Patrick Mertens de Wilmars

Director · since 28 mai 2025 · until 28 mai 2031

Active

LOPCON

Director · since 31 mai 2023 · until 25 mai 2029 · 0862.831.628

Represented by Tanguy de Schietere de Lophem

Active

Nicolas de Foestraets

Director · since 31 mai 2023 · until 25 mai 2029

Active

Stéphanie de Schietere de Lophem

Director · since 31 mai 2023 · until 25 mai 2029

Active

Ended mandates

Sandrine de Witte de Haelen

Director · since 31 mai 2023 · until 25 mai 2029

Ended

Sandrine de Witte de Haelen

Director · since 28 mai 2020 · until 31 mai 2023

Ended

Doris Van Tieghem de Ten Berghe

Director · since 31 mai 2017 · until 31 mai 2023

Ended

LOPCON

Director · since 31 mai 2017 · until 31 mai 2023 · 0862.831.628

Represented by Tanguy de Schietere de Lophem

Ended

At this address

Other companies at this address

Company	CBE no.
DE GROTE MORTIER● Active	0433.950.482
Gipa● Active	0426.814.054

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	02/06/2026	02/06/2025	06/06/2024	20/06/2023	09/05/2022	29/06/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	05/05/2022	26/05/2021
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
Micro model	31/12/2025	27/05/2026	02/06/2026	Dutch	PDF
Micro model	31/12/2024	28/05/2025	02/06/2025	Dutch	PDF
Micro model	31/12/2023	29/05/2024	06/06/2024	Dutch	PDF
Micro model	31/12/2022	31/05/2023	20/06/2023	Dutch	PDF
Micro model	31/12/2021	05/05/2022	09/05/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	28/05/2020	09/06/2020	Dutch	PDF
Abridged model	31/12/2018	29/05/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	30/05/2018	07/06/2018	Dutch	PDF
Micro model	31/12/2016	31/05/2017	14/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	31/05/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	20/06/2014	Dutch	PDF
Abridged model	31/12/2012	29/05/2013	14/06/2013	Dutch	PDF
Abridged model	31/12/2011	23/05/2012	25/05/2012	Dutch	PDF
Abridged model	31/12/2010	25/05/2011	31/05/2011	Dutch	PDF
Abridged model	31/12/2009	08/03/2010	30/03/2010	Dutch	PDF
Abridged model	31/12/2008	31/03/2009	29/05/2009	Dutch	PDF
Abridged model	31/12/2007	28/05/2008	24/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/05/2007	25/06/2007	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 · 4 active · 14 ended

Active mandates

Patrick Mertens de Wilmars

Director · since 28 mai 2025 · until 28 mai 2031

Active

LOPCON

Director · since 31 mai 2023 · until 25 mai 2029 · 0862.831.628

Represented by Tanguy de Schietere de Lophem

Active

Nicolas de Foestraets

Director · since 31 mai 2023 · until 25 mai 2029

Active

Stéphanie de Schietere de Lophem

Director · since 31 mai 2023 · until 25 mai 2029

Active

Ended mandates

Sandrine de Witte de Haelen

Director · since 31 mai 2023 · until 25 mai 2029

Ended

Sandrine de Witte de Haelen

Director · since 28 mai 2020 · until 31 mai 2023

Ended

Doris Van Tieghem de Ten Berghe

Director · since 31 mai 2017 · until 31 mai 2023

Ended

LOPCON

Director · since 31 mai 2017 · until 31 mai 2023 · 0862.831.628

Represented by Tanguy de Schietere de Lophem

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring20/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/09/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/07/2006
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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

2025
Annual accounts 2025369,1 k €↑
2024
Annual accounts 2024268,9 k €↓
2023
Annual accounts 2023306,2 k €↑
2022
Annual accounts 2022198,6 k €↑
2021
Annual accounts 202135,4 k €↓
2020
Annual accounts 2020209,9 k €↑
2019
Annual accounts 2019116,9 k €↑
2018
Annual accounts 2018115,7 k €↑
2017
Annual accounts 2017100 k €↑
2016
Annual accounts 201696,7 k €↑
2015
Annual accounts 201582,1 k €↓
2014
Annual accounts 201493,8 k €↓
2013
Annual accounts 201395,4 k €↑
2012
Annual accounts 201285,2 k €↑
2011
Annual accounts 201180,4 k €↑
2010
Annual accounts 20105,2 k €↓
2009
Annual accounts 200935,9 k €↑
2008
Annual accounts 200831,3 k €↓
2007
Annual accounts 200738,1 k €↓
2006
Annual accounts 200680 k €
06/04/1987
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

KERTIBO

Overview

What does KERTIBO 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