ACTIVE

Recreatie- en Natuurpark Keiheuvel

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Financial year 2025 · Closed on 31/12/2025

Net result-45,1 k €-222,2 %over 1 year

Gross margin766,9 k €+3,7 %over 1 year

Equity2 M €-5,1 %over 1 year

Workforce8,6 ETP+145,7 %over 1 year

Identity

Source · BCE/KBO

Recreatie- en Natuurpark Keiheuvel is a Non-profit organization incorporated in 1992. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Balen. It employs on average 8,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0447.396.167
Incorporation: 22/02/1992
Legal form: Non-profit organization
Registered office: 17 Esk. Licht Vliegwezenlaan 14
2490 Balen · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 8,6 ETP

Activities (NACE)

55201Holiday and other short-stay accommodation· main 55201Holiday and other short-stay accommodation 92724Gambling and betting activities 93299Other amusement and recreation activities 93299Other amusement and recreation activities 93292Other amusement and recreation activities+1

Joint committees (2)

302
3020

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 15 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	766,9 k €	+3.7%	739,6 k €	+19.1%	621,3 k €	+16.4%	533,8 k €	-5.8%	566,6 k €
EBITDA	224,7 k €	-21.7%	286,8 k €	+8.8%	263,7 k €	+25.6%	210 k €	-9.2%	231,4 k €
Operating result	-43,6 k €	-213%	38,7 k €	-6.6%	41,4 k €	+1171%	3,3 k €	-94.2%	56,2 k €
Net result	-45,1 k €	-222%	36,9 k €	-6.8%	39,6 k €	+1147%	3,2 k €	-94.3%	55,3 k €
Balance sheet
Equity	2 M €	-5.1%	2,1 M €	+0.1%	2,1 M €	-0.6%	2,1 M €	+8.2%	2 M €
Total assets	2,1 M €	-8.7%	2,3 M €	-1.1%	2,3 M €	+3.1%	2,2 M €	+7.6%	2,1 M €
Cash	119,5 k €	-37.8%	192,3 k €	+3.1%	186,5 k €	+75.6%	106,2 k €	-22.6%	137,2 k €
Debts	53,5 k €	-63.5%	146,6 k €	-18.2%	179,2 k €	+87.1%	95,8 k €	+0.0%	95,7 k €
Other
Workforce	8,6 ETP	+146%	3,5 ETP		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2013

1 active

Last known composition, from the accounts closed on 31/12/2013, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Raf MERTENS	Mandate

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Micro 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	20/08/2026	31/07/2025	28/06/2025	28/06/2023	31/10/2022	06/09/2021
General meeting	22/04/2026	22/05/2025	12/06/2024	06/06/2023	16/06/2022	16/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 15 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/04/2026	20/08/2026	Dutch	PDF
Abridged model	31/12/2024	22/05/2025	31/07/2025	Dutch	PDF
Micro model	31/12/2023	12/06/2024	28/06/2025	Dutch	PDF
Micro model	31/12/2022	06/06/2023	28/06/2023	Dutch	PDF
Micro model	31/12/2021	16/06/2022	31/10/2022	Dutch	PDF
Micro model	31/12/2020	16/06/2021	06/09/2021	Dutch	PDF
Abridged model	31/12/2019	09/09/2020	22/09/2020	Dutch	PDF
Abridged model	31/12/2018	18/06/2019	23/08/2019	Dutch	PDF
Abridged model	31/12/2017	17/04/2018	27/08/2018	Dutch	PDF
Abridged model	31/12/2016	29/06/2017	29/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/03/2016	29/03/2016	Dutch	PDF
Abridged model	31/12/2014	28/04/2015	19/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	02/10/2013	21/10/2013	Dutch	PDF
Abridged model	31/12/2011	08/03/2012	14/05/2012	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 31/12/2013

1 active

Last known composition, from the accounts closed on 31/12/2013, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Raf MERTENS	Mandate

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2020
BOEKJAAR - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other20/05/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/03/2009
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/11/2007
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/01/2005
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings15 filings

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Recr & Natuurpark Keiheuvel Vz

Esc. Licht Vliegwezenlaan 17de, 2490 Balen

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
17 Esk. Licht Vliegwezenlaan 14, 2490 BalenCurrent		CBE
Esc. Licht Vliegwezenlaan 17de, 2490 Balen	accounts 2022 → 2025	Accounts 2025 · 2026-00415988
17 Esk. Licht Vliegwezenlaan 14, 2490 Balen	accounts 2021	Accounts 2021 · 2022-20480816

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Recreatie- en Natuurpark KeiheuvelCurrent		CBE
Recr & Natuurpark Keiheuvel Vz	accounts 2022 → 2025	Accounts 2025 · 2026-00415988
Recreatie- en Natuurpark Keiheuvel	accounts 2021	Accounts 2021 · 2022-20480816

Events

2025
Annual accounts 2025-45,1 k €↓
2024
Annual accounts 202436,9 k €↓
2023
Annual accounts 202339,6 k €↑
2022
Annual accounts 20223,2 k €↓
2022
Name changeRecr & Natuurpark Keiheuvel Vz
2021
Annual accounts 202155,3 k €↓
2020
Annual accounts 202062,6 k €↑
2019
Annual accounts 2019-7,5 k €↑
2018
Annual accounts 2018-19,6 k €↑
2017
Annual accounts 2017-42,8 k €↓
2016
Annual accounts 2016-6,3 k €↓
2015
Annual accounts 2015136,5 k €↑
2014
Annual accounts 2014-140,6 k €↓
2013
Annual accounts 2013-14,8 k €↑
2012
Annual accounts 2012-32,1 k €↓
2011
Annual accounts 20118 k €
22/02/1992
IncorporationNon-profit organization

Recreatie- en Natuurpark Keiheuvel

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events