ACTIVE

Groep De Keyser

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Financial year 2025 · closed on 31/12/2025

Net result

5 M €

-4.3% YoY

Revenue

4,2 M €

+23.4% YoY

Equity

43,3 M €

+5.8% YoY

Workforce

3,4 ETP

0.0% YoY

What does Groep De Keyser do?

Groep De Keyser is a Public limited company incorporated in 1992. Its main activity is: Activities of holding companies. Its registered office is in Rijkevorsel. It employs on average 3,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.027.963

Incorporation

30/03/1992

Legal form

Public limited company

Registered office

Merksplassesteenweg 18
2310 Rijkevorsel · FlandreSee on map

Contributed capital

5 855 669,83 €

Latest accounts

31/12/2025

Average workforce

3,4 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 65234Reinsurance 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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
Revenue	4,2 M €	+23.4%	3,4 M €	+2.0%	3,4 M €	-57.4%	7,9 M €	+6.1%	7,5 M €	+188%	2,6 M €	-4.5%	2,7 M €	-21.5%	3,5 M €	-1.8%	3,5 M €	-1.6%	3,6 M €	+2.9%	3,5 M €	+3.2%	3,4 M €	+43.5%	2,4 M €	-27.8%	3,3 M €	+32.8%	2,5 M €	+21.7%	2 M €	-7.8%	2,2 M €	+43.7%	1,5 M €	+0.3%	1,5 M €	+19.0%	1,3 M €
EBITDA	3,9 M €	-4.7%	4,1 M €	+36.4%	3 M €	-58.6%	7,2 M €	+8.2%	6,7 M €	+244%	1,9 M €	-21.5%	2,5 M €	+0.1%	2,5 M €	-13.1%	2,8 M €	-0.7%	2,9 M €	+2.5%	2,8 M €	+5.2%	2,6 M €	+67.9%	1,6 M €	-38.1%	2,5 M €	+54.7%	1,6 M €	+20.9%	1,4 M €	+18.9%	1,1 M €	+148%	461,8 k €	-65.3%	1,3 M €	+186%	464,3 k €
Operating result	3,5 M €	-3.3%	3,7 M €	+45.1%	2,5 M €	-62.6%	6,7 M €	+8.0%	6,2 M €	+281%	1,6 M €	-26.2%	2,2 M €	+0.2%	2,2 M €	-16.0%	2,6 M €	+1.7%	2,6 M €	-1.2%	2,6 M €	+9.1%	2,4 M €	+70.3%	1,4 M €	-40.0%	2,4 M €	+60.9%	1,5 M €	+16.5%	1,3 M €	+22.3%	1 M €	+196%	347,3 k €	-71.8%	1,2 M €	+232%	369,9 k €
Net result	5 M €	-4.3%	5,2 M €	-1.6%	5,3 M €	-34.5%	8,1 M €	+11.9%	7,3 M €	+232%	2,2 M €	-8.5%	2,4 M €	+9.8%	2,2 M €	-20.7%	2,7 M €	+49.1%	1,8 M €	-1.1%	1,9 M €	-9.4%	2,1 M €	+112%	969 k €	-37.7%	1,6 M €	+65.2%	940,8 k €	+19.0%	790,9 k €	-10.3%	882 k €	+939%	84,9 k €	-87.1%	657,9 k €	+430%	124,1 k €
Balance sheet
Equity	43,3 M €	+5.8%	41 M €	+8.6%	37,7 M €	+11.3%	33,9 M €	+31.5%	25,8 M €	+20.4%	21,4 M €	-2.1%	21,8 M €	+5.6%	20,7 M €	+10.8%	18,7 M €	-5.7%	19,8 M €	+5.4%	18,8 M €	+9.3%	17,2 M €	+7.2%	16 M €	+3.5%	15,5 M €	+11.2%	13,9 M €	+7.2%	13 M €	+6.5%	12,2 M €	+7.8%	11,3 M €	+0.8%	11,2 M €	+6.2%	10,6 M €
Total assets	53,2 M €	+7.5%	49,5 M €	+6.5%	46,5 M €	+11.2%	41,8 M €	+3.9%	40,2 M €	+11.9%	36 M €	+31.5%	27,4 M €	+8.2%	25,3 M €	-6.4%	27 M €	+12.3%	24 M €	+17.0%	20,6 M €	+2.4%	20,1 M €	+5.8%	19 M €	+5.0%	18,1 M €	+10.0%	16,4 M €	+10.5%	14,9 M €	-2.7%	15,3 M €	-3.0%	15,7 M €	+2.5%	15,4 M €	-3.1%	15,9 M €
Cash	12,3 €	-100.0%	729,2 k €	+4945%	14,5 k €	-94.9%	286,2 k €	-19.9%	357,1 k €	-15.2%	421 k €	+87.8%	224,2 k €	+35.4%	165,6 k €	+161%	63,5 k €	-73.6%	240,3 k €	+1186%	18,7 k €	-74.2%	72,4 k €	+44.2%	50,2 k €	+647%	6,7 k €	-92.4%	88,2 k €	+126%	39 k €	-88.4%	335 k €	+145%	136,8 k €	+70.4%	80,3 k €	+28050%	285,2 €
Debts	9,7 M €	+15.9%	8,4 M €	-2.3%	8,6 M €	+11.5%	7,7 M €	-45.9%	14,2 M €	-0.7%	14,3 M €	+177%	5,1 M €	+16.8%	4,4 M €	-45.6%	8,1 M €	+107%	3,9 M €	+172%	1,4 M €	-43.2%	2,5 M €	-6.9%	2,7 M €	+15.6%	2,4 M €	+4.6%	2,3 M €	+38.7%	1,6 M €	-42.3%	2,8 M €	-32.1%	4,1 M €	+9.1%	3,8 M €	-25.8%	5,1 M €
Other
Workforce	3,4 ETP	0.0%	3,4 ETP	0.0%	3,4 ETP	-8.1%	3,7 ETP	-5.1%	3,9 ETP	0.0%	3,9 ETP	-15.2%	4,6 ETP	-6.1%	4,9 ETP	+25.6%	3,9 ETP	0.0%	3,9 ETP	+34.5%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	0.0%	2,9 ETP	-12.1%	3,3 ETP	-5.7%	3,5 ETP	-12.5%	4,0 ETP	-2.4%	4,1 ETP	+32.3%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 40 ended

Active mandates

Heidi DE KEYSER

Managing director · since 01 octobre 2023 · until 07 juin 2029

Active

Hendrik DE KEYSER

Managing director · since 23 juin 2023 · until 07 juin 2029

Active

SAVEC

Managing director · since 23 juin 2023 · until 07 juin 2029 · 0834.053.114

Represented by Sven De Keyser

Active

WERCAN

Managing director · since 23 juin 2023 · until 07 juin 2029 · 0834.054.795

Represented by Wendy De Keyser

Active

Ended mandates

DIMIKAP

Managing director · since 07 juin 2017 · until 07 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

DIMIKAP

Managing director · since 07 juin 2017 · until 08 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

DIMIKAP

Managing director · since 07 juin 2017 · until 23 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

DIMIKAP

Managing director · since 07 juin 2017 · until 07 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

At this address

Other companies at this address

Company	CBE no.
De Maegerhoef● Active	0445.988.974
HEDEK● Active	1025.256.643
IMMO R.D.K.● Active	0431.329.603
Parfimo● Active	0406.968.844
raamSELECT● Active	0426.598.179
Rik De Keyser● Active	0422.033.439
T.I.T.C.● Active	0406.883.029

Annual accounts

Full financial information

	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	01/01/2020
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	18/06/2025	03/07/2024	05/07/2023	04/07/2022	25/06/2021
General meeting	05/06/2026	06/06/2025	21/06/2024	23/06/2023	17/06/2022	07/06/2021
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

27 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
m120-f-p	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	21/06/2024	03/07/2024	Dutch	PDF
m120-f-p	31/12/2023	21/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	23/06/2023	05/07/2023	Dutch	PDF
m120-f-p	31/12/2022	23/06/2023	05/07/2023	Dutch	PDF
Full model	31/12/2021	17/06/2022	04/07/2022	Dutch	PDF
m120-f-p	31/12/2021	17/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	07/06/2021	25/06/2021	Dutch	PDF
m120-f-p	31/12/2020	07/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	10/07/2020	03/08/2020	Dutch	PDF
m120-f-p	31/12/2019	10/07/2020	04/08/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	25/06/2019	Dutch	PDF
m120-f-p	31/12/2018	07/06/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	07/06/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	07/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	07/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	30/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	08/06/2012	Dutch	PDF
Abridged model	31/10/2010	07/04/2011	09/05/2011	Dutch	PDF
Abridged model	31/10/2009	07/04/2010	12/04/2010	Dutch	PDF

View all 27 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 40 ended

Active mandates

Heidi DE KEYSER

Managing director · since 01 octobre 2023 · until 07 juin 2029

Active

Hendrik DE KEYSER

Managing director · since 23 juin 2023 · until 07 juin 2029

Active

SAVEC

Managing director · since 23 juin 2023 · until 07 juin 2029 · 0834.053.114

Represented by Sven De Keyser

Active

WERCAN

Managing director · since 23 juin 2023 · until 07 juin 2029 · 0834.054.795

Represented by Wendy De Keyser

Active

Ended mandates

DIMIKAP

Managing director · since 07 juin 2017 · until 07 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

DIMIKAP

Managing director · since 07 juin 2017 · until 08 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

DIMIKAP

Managing director · since 07 juin 2017 · until 23 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

DIMIKAP

Managing director · since 07 juin 2017 · until 07 juin 2023 · 0445.390.940

Represented by Karel Dielis

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates16/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares10/01/2018
KAPITAAL - AANDELEN
PDF
Mandates07/07/2017
ONTSLAGEN - BENOEMINGEN
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 20255 M €↓
06/06/2025
reconductionStefaan De Coninck — commissaris
2024
Annual accounts 20245,2 M €↓
2023
Annual accounts 20235,3 M €↓
01/10/2023
nominationHeidi De Keyser — bestuurder
01/10/2023
nominationHeidi De Keyser — gedelegeerde bestuurder
23/06/2023
nominationHendrik De Keyser — bestuurder
23/06/2023
nominationKarel Dielis — bestuurder
23/06/2023
nominationWendy De Keyser — bestuurder
23/06/2023
nominationSven De Keyser — bestuurder
23/06/2023
nominationHendrik De Keyser — gedelegeerde bestuurder
23/06/2023
nominationKarel Dielis — gedelegeerde bestuurder
23/06/2023
nominationWendy De Keyser — gedelegeerde bestuurder
23/06/2023
nominationSven De Keyser — gedelegeerde bestuurder
2022
Annual accounts 20228,1 M €↑
17/06/2022
nominationStefaan De Coninck — commissaris
2021
Annual accounts 20217,3 M €↑
2020
Annual accounts 20202,2 M €↓
2019
Annual accounts 20192,4 M €↑
2018
Annual accounts 20182,2 M €↓
2017
Annual accounts 20172,7 M €↑
2016
Annual accounts 20161,8 M €↓
2015
Annual accounts 20151,9 M €↓
2014
Annual accounts 20142,1 M €↑
2013
Annual accounts 2013969 k €↓
2012
Annual accounts 20121,6 M €↑
2011
Annual accounts 2011940,8 k €↑
2010
Annual accounts 2010790,9 k €↓
2009
Annual accounts 2009882 k €↑
2008
Annual accounts 200884,9 k €↓
2007
Annual accounts 2007657,9 k €↑
2006
Annual accounts 2006124,1 k €
30/03/1992
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

Groep De Keyser

Overview

What does Groep De Keyser 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