ACTIVE

KEGECO

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Financial year 2025 · closed on 31/12/2025

Net result

2,4 k €

+103.7% YoY

Gross margin

99,3 k €

+433.3% YoY

Equity

898,9 k €

+0.3% YoY

What does KEGECO do?

KEGECO is a Public limited company incorporated in 1990. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Lanaken.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.669.891

Incorporation

21/12/1990

Legal form

Public limited company

Registered office

Diepestraat 7
3620 Lanaken · FlandreSee on map

Contributed capital

159 336,39 €

Latest accounts

31/12/2025

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	99,3 k €	+433%	18,6 k €	-82.0%	103,7 k €	+18.5%	87,5 k €	-56.8%	202,4 k €	+7.1%	188,9 k €	+63.9%	115,3 k €	+45.8%	79 k €	-10.9%	88,7 k €	-18.5%	108,9 k €	+200%	36,2 k €	-70.7%	123,9 k €	-10.9%	139 k €	-40.4%	233,4 k €	-45.3%	426,4 k €	+20.4%	354,3 k €	+12.9%	313,7 k €
EBITDA	77,9 k €	+1095%	6,5 k €	-60.4%	16,5 k €	-75.9%	68,3 k €	-49.3%	134,7 k €	+13.9%	118,2 k €	+33.4%	88,6 k €	+82.5%	48,6 k €	-29.0%	68,4 k €	-22.9%	88,7 k €	+1259%	6,5 k €	-93.4%	98,3 k €	-20.6%	123,9 k €	-41.1%	210,3 k €	-45.4%	385 k €	+12.0%	343,9 k €	+14.2%	301,1 k €
Operating result	15,3 k €	+129%	-52,2 k €	-98.8%	-26,3 k €	-193%	28,3 k €	-28.0%	39,3 k €	-16.0%	46,7 k €	+187%	-54 k €	-1983%	2,9 k €	-86.4%	21 k €	-47.7%	40,2 k €	+212%	-36 k €	-169%	52,2 k €	-32.6%	77,5 k €	-53.0%	164,8 k €	-51.7%	341,3 k €	+12.4%	303,6 k €	+17.9%	257,6 k €
Net result	2,4 k €	+104%	-63,5 k €	-74.0%	-36,5 k €	-173%	-13,4 k €	+23.1%	-17,4 k €	-167%	26 k €	+149%	-53,3 k €	-233%	-16 k €	+1.3%	-16,2 k €	-210%	14,8 k €	+128%	-53,1 k €	-3272%	1,7 k €	+76.8%	946 €	-98.0%	47,1 k €	-67.8%	146,1 k €	+21.9%	119,9 k €	+148%	48,4 k €
Balance sheet
Equity	898,9 k €	+0.3%	896,6 k €	-17.3%	1,1 M €	-3.3%	1,1 M €	-22.6%	1,4 M €	-1.2%	1,5 M €	+1.8%	1,4 M €	+18.9%	1,2 M €	-1.3%	1,2 M €	-1.3%	1,2 M €	+1.2%	1,2 M €	-4.1%	1,3 M €	+0.1%	1,3 M €	+0.1%	1,3 M €	+3.8%	1,2 M €	+13.5%	1,1 M €	+12.4%	964,7 k €
Total assets	1,6 M €	+6.9%	1,5 M €	-44.8%	2,7 M €	+68.9%	1,6 M €	-33.7%	2,4 M €	-14.3%	2,8 M €	-1.9%	2,8 M €	+37.7%	2,1 M €	+7.7%	1,9 M €	-9.0%	2,1 M €	-9.5%	2,3 M €	+18.9%	2 M €	+1.0%	1,9 M €	-4.2%	2 M €	-6.2%	2,2 M €	-36.6%	3,4 M €	+10.6%	3,1 M €
Cash	9,3 k €	-2.4%	9,6 k €	-87.4%	75,9 k €	+335%	17,5 k €	-81.5%	94,5 k €	+245%	27,4 k €	+164%	10,4 k €	-27.0%	14,2 k €	-26.7%	19,3 k €	-62.8%	51,9 k €	-26.3%	70,4 k €	-64.1%	196,3 k €	+991%	18 k €	-73.3%	67,4 k €	-44.4%	121,4 k €	+87.5%	64,7 k €	-63.3%	176,3 k €
Debts	674 k €	+17.1%	575,4 k €	-35.0%	885,7 k €	+93.2%	458,3 k €	-49.2%	902 k €	-31.4%	1,3 M €	-5.8%	1,4 M €	+64.9%	846,2 k €	+23.4%	685,8 k €	-19.1%	847,4 k €	-22.5%	1,1 M €	+62.9%	671,2 k €	+2.8%	653,1 k €	-11.5%	738 k €	-19.9%	921,4 k €	-59.9%	2,3 M €	+9.4%	2,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 31 ended

Active mandates

Peter Keulen

Director · since 24 avril 2001 · until 31 décembre 2027

Active

Ended mandates

Bert Keulen

Director · since 30 juin 2021 · until 21 mai 2027

Ended

Bert Keulen

Managing director · since 30 juin 2021 · until 21 mai 2027

Ended

Peter Keulen

Director · since 30 juin 2021 · until 21 mai 2027

Ended

Bert Keulen

Director · since 20 octobre 2015 · until 19 octobre 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Stal Keulen-Hermans● Active	1013.638.716

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	22/07/2026	17/07/2025	02/09/2024	11/07/2023	29/06/2022	30/06/2021
General meeting	29/05/2026	30/05/2025	21/06/2024	05/07/2023	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

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	29/05/2026	22/07/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	17/07/2025	Dutch	PDF
Micro model	31/12/2023	21/06/2024	02/09/2024	Dutch	PDF
Micro model	31/12/2022	05/07/2023	11/07/2023	Dutch	PDF
Micro model	31/12/2021	29/06/2022	29/06/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	06/08/2020	10/08/2020	Dutch	PDF
Micro model	31/12/2018	21/08/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	28/06/2018	19/07/2018	Dutch	PDF
Micro model	31/12/2016	19/05/2017	06/07/2017	Dutch	PDF
Abridged model	31/12/2015	05/08/2016	16/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	09/11/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	29/09/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	18/09/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	03/09/2012	Dutch	PDF
Abridged model	31/12/2010	20/05/2011	17/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	15/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	12/10/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	17/09/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 31 ended

Active mandates

Peter Keulen

Director · since 24 avril 2001 · until 31 décembre 2027

Active

Ended mandates

Bert Keulen

Director · since 30 juin 2021 · until 21 mai 2027

Ended

Bert Keulen

Managing director · since 30 juin 2021 · until 21 mai 2027

Ended

Peter Keulen

Director · since 30 juin 2021 · until 21 mai 2027

Ended

Bert Keulen

Director · since 20 octobre 2015 · until 19 octobre 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office21/05/2024
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring03/04/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other12/03/2024
DIVERSEN
PDF
Restructuring22/02/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/10/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/07/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 20252,4 k €↑
2024
Annual accounts 2024-63,5 k €↓
2022
Annual accounts 2022-36,5 k €↓
2021
Annual accounts 2021-13,4 k €↑
2018
Annual accounts 2018-17,4 k €↓
2017
Annual accounts 201726 k €↑
2016
Annual accounts 2016-53,3 k €↓
2015
Annual accounts 2015-16 k €↑
2014
Annual accounts 2014-16,2 k €↓
2013
Annual accounts 201314,8 k €↑
2012
Annual accounts 2012-53,1 k €↓
2011
Annual accounts 20111,7 k €↑
2010
Annual accounts 2010946 €↓
2009
Annual accounts 200947,1 k €↓
2008
Annual accounts 2008146,1 k €↑
2007
Annual accounts 2007119,9 k €↑
2006
Annual accounts 200648,4 k €
21/12/1990
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

KEGECO

Overview

What does KEGECO do?

Trend over 17 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