ACTIVE

KLAS

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Financial year 2025 · closed on 31/12/2025

Net result

-8,2 k €

-159.1% YoY

Gross margin

113,1 k €

-7.7% YoY

Equity

197 k €

-4.0% YoY

Workforce

1,6 ETP

+77.8% YoY

What does KLAS do?

KLAS is a Public limited company incorporated in 1991. Its registered office is in Liège. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.935.652

Incorporation

10/02/1991

Legal form

Public limited company

Registered office

Avenue Albert-Ier 132
4030 Liège · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Joint committees (2)

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	113,1 k €	-7.7%	122,6 k €	+22.6%	99,9 k €	+104%	49 k €	-53.6%	105,6 k €	-40.5%	177,5 k €	+34.2%	132,3 k €	+15.8%	114,2 k €	+96.4%	58,1 k €	-15.8%	69 k €	+16.0%	59,5 k €	+288%	15,3 k €	-71.2%	53,1 k €	+57.3%	33,8 k €	-61.4%	87,6 k €	+140%	36,6 k €	+35.1%	27,1 k €	-46.4%	50,5 k €	-16.0%	60,2 k €	+76.4%	34,1 k €
EBITDA	58,3 k €	-29.4%	82,5 k €	+7.4%	76,9 k €	+167%	28,8 k €	-66.6%	86 k €	-43.7%	152,9 k €	+54.1%	99,2 k €	+12.5%	88,2 k €	+47.3%	59,9 k €	+239%	17,7 k €	-61.4%	45,9 k €	+49.0%	30,8 k €	-20.0%	38,5 k €	+73.1%	22,2 k €	-65.0%	63,6 k €	+197%	21,4 k €	-15.5%	25,3 k €	-19.7%	31,5 k €	-42.5%	54,9 k €	+70.8%	32,1 k €
Operating result	12,8 k €	-65.9%	37,7 k €	-30.4%	54,2 k €	+222%	16,8 k €	-82.9%	98,5 k €	-26.7%	134,4 k €	+68.3%	79,9 k €	+20.8%	66,1 k €	+50.8%	43,9 k €	+252%	12,5 k €	-71.8%	44,2 k €	+50.1%	29,5 k €	-20.3%	37 k €	+120%	16,8 k €	-70.8%	57,4 k €	+304%	14,2 k €	+44.7%	9,8 k €	-38.3%	15,9 k €	-59.3%	39,1 k €	+35.5%	28,8 k €
Net result	-8,2 k €	-159%	13,8 k €	-55.6%	31,1 k €	+366%	6,7 k €	-89.9%	66,5 k €	-20.5%	83,6 k €	+58.0%	52,9 k €	+20.2%	44 k €	+99.3%	22,1 k €	+1895%	1,1 k €	-96.7%	33,4 k €	+46.1%	22,9 k €	-37.0%	36,3 k €	+95.7%	18,5 k €	-58.3%	44,4 k €	+831%	4,8 k €	+3710%	125,2 €	-74.5%	490,5 €	-97.5%	19,4 k €	+35.5%	14,3 k €
Balance sheet
Equity	197 k €	-4.0%	205,2 k €	-19.5%	255 k €	+13.9%	223,8 k €	+3.1%	217,1 k €	+30.7%	166,1 k €	+66.9%	99,5 k €	+22.4%	81,3 k €	+6.0%	76,7 k €	+40.4%	54,6 k €	+2.1%	53,5 k €	+40.5%	38,1 k €	-25.6%	51,2 k €	+0.6%	50,9 k €	-25.5%	68,4 k €	+14.0%	60 k €	-14.6%	70,2 k €	+0.2%	70,1 k €	-25.9%	94,6 k €	+13.7%	83,2 k €
Total assets	848,4 k €	+8.0%	785,6 k €	-18.7%	966,2 k €	+35.2%	714,5 k €	-8.4%	780 k €	+30.5%	597,7 k €	+17.1%	510,3 k €	-32.5%	755,6 k €	+77.1%	426,7 k €	+23.7%	344,9 k €	+23.4%	279,5 k €	+24.9%	223,7 k €	-22.5%	288,7 k €	-8.0%	314 k €	-2.3%	321,4 k €	+32.2%	243,1 k €	+28.9%	188,6 k €	-37.7%	302,7 k €	+4.3%	290,2 k €	+13.4%	255,9 k €
Cash	27,3 k €	-10.2%	30,4 k €	+4.2%	29,1 k €	-54.9%	64,6 k €	-81.8%	355,7 k €	+2170%	15,7 k €	-43.7%	27,8 k €	-80.5%	142,7 k €	+134%	61 k €	-37.8%	98 k €	+187%	34,2 k €	-25.7%	46 k €	+269%	12,5 k €	+47.9%	8,4 k €	+16.9%	7,2 k €	-71.5%	25,3 k €	+146%	10,3 k €	+80.1%	5,7 k €	+43.6%	4 k €	-78.2%	18,2 k €
Debts	651,4 k €	+12.2%	580,4 k €	-18.4%	711,3 k €	+45.0%	490,7 k €	-12.5%	560,8 k €	+40.2%	400 k €	+4.1%	384,3 k €	-40.1%	641,4 k €	+101%	318,9 k €	+32.4%	240,9 k €	+14.6%	210,3 k €	+19.4%	176,1 k €	-14.1%	205 k €	-13.7%	237,6 k €	+2.3%	232,2 k €	+32.6%	175,2 k €	+48.5%	117,9 k €	-47.7%	225,7 k €	+17.4%	192,2 k €	+11.3%	172,7 k €
Other
Workforce	1,6 ETP	+77.8%	0,9 ETP	+200%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	0.0%	0,3 ETP	-57.1%	0,7 ETP		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP		–

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 · 2 active · 9 ended

Active mandates

ELIE KLIM

Director

Active

ROBERT ASSAF

Director

Active

Ended mandates

Elie KLIM

Administrator - manager · since 09 février 2004

Ended

Robert ASSAF

Director · since 22 janvier 1997

Ended

Robert ASSAF

Administrator - manager · since 22 janvier 1997

Ended

Robert ASSAF

Administrator - manager · since 15 novembre 1995

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	14/07/2026	14/07/2025	29/08/2024	31/08/2023	31/08/2022	16/11/2021
General meeting	25/06/2026	24/06/2025	26/08/2024	30/06/2023	30/06/2022	24/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	14/07/2026	French	PDF
Abridged model	31/12/2024	24/06/2025	14/07/2025	French	PDF
Abridged model	31/12/2023	26/08/2024	29/08/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	24/06/2021	16/11/2021	French	PDF
Abridged model	31/12/2019	13/06/2020	07/12/2020	French	PDF
Micro modelCorrection	31/12/2018	17/09/2019	27/09/2019	French	PDF
Micro model	31/12/2018	08/06/2019	27/08/2019	French	PDF
Micro model	31/12/2017	09/06/2018	27/07/2018	French	PDF
Micro model	31/12/2016	10/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	11/06/2016	27/07/2016	French	PDF
Abridged model	31/12/2014	13/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	14/06/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	08/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	09/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	11/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	12/06/2010	27/08/2010	French	PDF
Abridged model	31/12/2008	13/06/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	14/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	09/06/2007	01/08/2007	French	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 · 2 active · 9 ended

Active mandates

ELIE KLIM

Director

Active

ROBERT ASSAF

Director

Active

Ended mandates

Elie KLIM

Administrator - manager · since 09 février 2004

Ended

Robert ASSAF

Director · since 22 janvier 1997

Ended

Robert ASSAF

Administrator - manager · since 22 janvier 1997

Ended

Robert ASSAF

Administrator - manager · since 15 novembre 1995

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares08/04/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - CAPITAL, ACTIONS - ASSEMBLEE GENERALE
PDF
Mandates04/03/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office29/06/2005
SIEGE SOCIAL
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 2025-8,2 k €↓
2024
Annual accounts 202413,8 k €↓
2023
Annual accounts 202331,1 k €↑
2022
Annual accounts 20226,7 k €↓
2021
Annual accounts 202166,5 k €↓
2020
Annual accounts 202083,6 k €↑
2019
Annual accounts 201952,9 k €↑
2018
Annual accounts 201844 k €↑
2017
Annual accounts 201722,1 k €↑
2016
Annual accounts 20161,1 k €↓
2015
Annual accounts 201533,4 k €↑
2014
Annual accounts 201422,9 k €↓
2013
Annual accounts 201336,3 k €↑
2012
Annual accounts 201218,5 k €↓
2011
Annual accounts 201144,4 k €↑
2010
Annual accounts 20104,8 k €↑
2009
Annual accounts 2009125,2 €↓
2008
Annual accounts 2008490,5 €↓
2007
Annual accounts 200719,4 k €↑
2006
Annual accounts 200614,3 k €
10/02/1991
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

KLAS

Overview

What does KLAS 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