ACTIVE

Group De Keyzer

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Financial year 2025 · closed on 31/12/2025

Net result

93,5 k €

+2206.7% YoY

Gross margin

2 M €

+11.7% YoY

Equity

2,9 M €

+3.4% YoY

Workforce

32,0 ETP

-7.5% YoY

What does Group De Keyzer do?

Group De Keyzer is a Private limited company incorporated in 1991. Its registered office is in Menen. It employs on average 32,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.214.351

Incorporation

26/12/1991

Legal form

Private limited company

Registered office

Industrielaan 55
8930 Menen · FlandreSee on map

Contributed capital

50 421,29 €

Latest accounts

31/12/2025

Average workforce

32,0 ETP

Joint committees (5)

126
1260
12624
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2 M €	+11.7%	1,8 M €	-10.4%	2 M €	-2.2%	2,1 M €	-17.1%	2,5 M €	+11.6%	2,2 M €	-0.2%	2,2 M €	-11.4%	2,5 M €		–		–		–		–		–		–		3,2 M €	+14.8%	2,8 M €	+18.1%	2,4 M €	+12.3%	2,1 M €
EBITDA	212,2 k €	+117%	97,9 k €	-16.3%	117,1 k €	+70.3%	68,8 k €	-70.9%	236,3 k €	+26.1%	187,4 k €	-4.8%	196,9 k €	-24.9%	262,2 k €	+25.9%	208,3 k €	-62.7%	557,9 k €	+46.5%	380,7 k €	-7.7%	412,7 k €	-4.9%	433,7 k €	-50.1%	868,9 k €	+9.2%	795,5 k €	+93.6%	410,8 k €	+15.8%	354,7 k €	+53.1%	231,7 k €
Operating result	144,9 k €	+456%	26,1 k €	-35.5%	40,4 k €	+60.0%	25,3 k €	-83.9%	157,2 k €	+135%	66,8 k €	-3.0%	68,9 k €	-25.6%	92,6 k €	-9.8%	102,7 k €	-62.0%	270,4 k €	+57.8%	171,4 k €	-42.6%	298,7 k €	-9.0%	328,4 k €	-58.0%	781,1 k €	+17.5%	664,7 k €	+83.8%	361,7 k €	+18.6%	305,1 k €	+70.1%	179,4 k €
Net result	93,5 k €	+2207%	4,1 k €	-62.9%	10,9 k €	+98.1%	5,5 k €	-94.7%	103,8 k €	+135%	44,1 k €	+28.7%	34,3 k €	-49.1%	67,3 k €	-18.7%	82,7 k €	-50.5%	167,2 k €	+10.0%	152,1 k €	-25.8%	205 k €	+5.0%	195,3 k €	-62.2%	517,3 k €	+31.5%	393,4 k €	+94.4%	202,4 k €	+35.1%	149,8 k €	+151%	59,7 k €
Balance sheet
Equity	2,9 M €	+3.4%	2,8 M €	+0.1%	2,8 M €	+0.4%	2,8 M €	+0.2%	2,7 M €	+10.3%	2,5 M €	+1.6%	2,5 M €	-1.6%	2,5 M €	+2.5%	2,4 M €	+3.9%	2,3 M €	+7.3%	2,2 M €	+9.4%	2 M €	+11.5%	1,8 M €	+12.3%	1,6 M €	+48.1%	1,1 M €	+57.7%	682 k €	+42.2%	479,6 k €	+45.4%	329,8 k €
Total assets	4,1 M €	-6.7%	4,4 M €	+5.7%	4,2 M €	-5.7%	4,5 M €	-6.0%	4,7 M €	+5.5%	4,5 M €	-2.6%	4,6 M €	+6.6%	4,3 M €	+4.1%	4,1 M €	+0.1%	4,1 M €	+19.1%	3,5 M €	+17.0%	3 M €	-0.0%	3 M €	+8.5%	2,7 M €	+27.5%	2,2 M €	-0.5%	2,2 M €	+20.6%	1,8 M €	-0.5%	1,8 M €
Cash	77,2 k €	-4.9%	81,2 k €	-55.8%	183,4 k €	-52.5%	386,4 k €	-54.5%	848,7 k €	+278%	224,8 k €	+219%	70,4 k €	-84.6%	456,6 k €	+74.7%	261,4 k €	-10.8%	293 k €	-5.7%	310,8 k €	-27.7%	430 k €	+48.0%	290,5 k €	+92.5%	150,9 k €	-17.7%	183,3 k €	+95.3%	93,8 k €	-61.0%	240,3 k €	+111%	113,7 k €
Debts	1,3 M €	-23.3%	1,7 M €	+16.5%	1,4 M €	-15.4%	1,7 M €	-14.6%	2 M €	-0.2%	2 M €	-7.2%	2,1 M €	+18.3%	1,8 M €	+6.8%	1,7 M €	-5.1%	1,8 M €	+40.2%	1,3 M €	+30.2%	979,8 k €	-16.4%	1,2 M €	+3.7%	1,1 M €	+11.2%	1 M €	-30.0%	1,5 M €	+10.5%	1,3 M €	-7.0%	1,4 M €
Other
Workforce	32,0 ETP	-7.5%	34,6 ETP	-8.0%	37,6 ETP	-13.0%	43,2 ETP	-10.4%	48,2 ETP	+1.7%	47,4 ETP	-1.5%	48,1 ETP	-4.0%	50,1 ETP	-5.5%	53,0 ETP	-1.9%	54,0 ETP	-6.9%	58,0 ETP	-7.1%	62,4 ETP	-3.4%	64,6 ETP	+5.4%	61,3 ETP	-4.4%	64,1 ETP	+6.8%	60,0 ETP	+5.3%	57,0 ETP	+13.5%	50,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 22 ended

Active mandates

Bart De Keyzer

Managing director

Active

Hans De Keyzer

Managing director

Active

Koen De Keyzer

Managing director

Active

Ended mandates

Hans De Keyzer

Director · since 29 décembre 2003

Ended

Koen De Keyzer

Director · since 29 décembre 2003

Ended

Mevrouw Mieke DE KEYZER

Manager · since 29 décembre 2003

Ended

Mieke De Keyzer

Manager · since 29 décembre 2003

Ended

At this address

Other companies at this address

Company	CBE no.
BDK Holding● Active	0661.747.064
De Keyzer● Active	0453.786.685
De Keyzer Beheer● Active	0862.617.238
De Keyzer Immo● Active	0662.627.883
De Keyzer Invest● Active	0426.413.087
De Keyzer Projects● Active	0460.994.577
GDK● Active	0807.080.877
HDK Holding● Active	0661.746.470
KDK Holding● Active	0661.746.767
Wilo1● Active	0663.864.535

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	17/06/2026	17/07/2025	19/07/2024	27/07/2023	15/07/2022	16/07/2021
General meeting	13/06/2026	30/06/2025	28/06/2024	30/06/2023	30/06/2022	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
Abridged model	31/12/2025	13/06/2026	17/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	17/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	19/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	15/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	16/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	17/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	26/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	26/07/2016	Dutch	PDF
Full model	31/12/2014	13/06/2015	09/07/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	23/07/2013	Dutch	PDF
Full model	31/12/2011	23/06/2012	19/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	19/07/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 active · 22 ended

Active mandates

Bart De Keyzer

Managing director

Active

Hans De Keyzer

Managing director

Active

Koen De Keyzer

Managing director

Active

Ended mandates

Hans De Keyzer

Director · since 29 décembre 2003

Ended

Koen De Keyzer

Director · since 29 décembre 2003

Ended

Mevrouw Mieke DE KEYZER

Manager · since 29 décembre 2003

Ended

Mieke De Keyzer

Manager · since 29 décembre 2003

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/01/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/09/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2004
ONTSLAGEN - BENOEMINGEN - BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
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 202593,5 k €↑
2024
Annual accounts 20244,1 k €↓
2023
Annual accounts 202310,9 k €↑
2022
Annual accounts 20225,5 k €↓
2021
Annual accounts 2021103,8 k €↑
2018
Annual accounts 201844,1 k €↑
2017
Annual accounts 201734,3 k €↓
2016
Annual accounts 201667,3 k €↓
2015
Annual accounts 201582,7 k €↓
2014
Annual accounts 2014167,2 k €↑
2013
Annual accounts 2013152,1 k €↓
2012
Annual accounts 2012205 k €↑
2011
Annual accounts 2011195,3 k €↓
2010
Annual accounts 2010517,3 k €↑
2009
Annual accounts 2009393,4 k €↑
2008
Annual accounts 2008202,4 k €↑
2007
Annual accounts 2007149,8 k €↑
2006
Annual accounts 200659,7 k €
26/12/1991
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

Group De Keyzer

Overview

What does Group De Keyzer do?

Trend over 18 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