ACTIVE

KELNIC

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Financial year 2025 · closed on 31/12/2025

Net result

-37,1 k €

-206.6% YoY

Gross margin

-2 k €

-100.8% YoY

Equity

1,4 M €

-2.5% YoY

Workforce

0,0 ETP

-100.0% YoY

What does KELNIC do?

KELNIC is a Private limited company incorporated in 1993. Its main activity is: Floor and wall covering. Its registered office is in Maaseik.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.436.632

Incorporation

19/02/1993

Legal form

Private limited company

Registered office

Stationsstraat 38A
3680 Maaseik · FlandreSee on map

Contributed capital

32 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

43332Floor and wall covering· main 43332Floor and wall covering 45432Sale, maintenance and repair of motorcycles and related parts and accessories 45402Sale, maintenance and repair of motorcycles and related parts and accessories 47632Retail sale of music and video recordings in specialised stores 47785Other retail sale of new goods in specialised stores+3

Joint committees (4)

124
14904
201
2010

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-2 k €	-101%	253,4 k €	-65.0%	724 k €	+136%	306,5 k €	-13.5%	354,3 k €	+8.0%	328,1 k €	+44.3%	227,4 k €	+17.8%	193,1 k €	+15.4%	167,3 k €	+0.5%	166,6 k €	+5.8%	157,4 k €	+145%	64,3 k €	-26.5%	87,4 k €	-43.8%	155,5 k €	+2.8%	151,3 k €	-18.9%	186,4 k €	-50.7%	378,2 k €	+115%	176 k €	+47.0%	119,7 k €
EBITDA	-3,9 k €	-104%	91,5 k €	-82.4%	519,9 k €	+295%	131,5 k €	-36.5%	207 k €	-1.8%	210,8 k €	+78.9%	117,8 k €	+4.0%	113,3 k €	-2.6%	116,2 k €	+20.2%	96,7 k €	+14.1%	84,7 k €	+325%	19,9 k €	-73.2%	74,3 k €	-27.7%	102,7 k €	+2.3%	100,4 k €	-22.5%	129,5 k €	-53.7%	279,8 k €	+89.0%	148 k €	+39.8%	105,9 k €
Operating result	-37,1 k €	-171%	52,1 k €	-89.0%	472 k €	+439%	87,6 k €	-47.1%	165,5 k €	-2.2%	169,3 k €	+151%	67,5 k €	-1.9%	68,8 k €	-11.9%	78,1 k €	+39.9%	55,8 k €	+45.1%	38,5 k €	+355%	-15,1 k €	-225%	12,1 k €	-71.2%	41,9 k €	-33.3%	62,9 k €	-25.7%	84,7 k €	-58.1%	201,9 k €	+88.1%	107,3 k €	+55.1%	69,2 k €
Net result	-37,1 k €	-207%	34,8 k €	-90.0%	349,3 k €	+439%	64,8 k €	-43.4%	114,4 k €	-1.2%	115,8 k €	+131%	50,1 k €	+7.7%	46,5 k €	-0.5%	46,7 k €	+40.7%	33,2 k €	+29.3%	25,7 k €	+1.3%	25,4 k €	+56.5%	16,2 k €	-56.7%	37,5 k €	-30.9%	54,2 k €	-13.4%	62,6 k €	-53.9%	135,8 k €	+56.3%	86,9 k €	+54.6%	56,2 k €
Balance sheet
Equity	1,4 M €	-2.5%	1,5 M €	+2.4%	1,4 M €	+31.9%	1,1 M €	+6.3%	1 M €	+8.6%	948 k €	+13.9%	832,2 k €	+6.4%	782,1 k €	+6.3%	735,6 k €	+6.8%	688,9 k €	+5.1%	655,7 k €	+4.1%	630 k €	+4.2%	604,6 k €	+2.8%	588,4 k €	+1.3%	581 k €	+10.3%	526,8 k €	+13.5%	464,2 k €	+41.4%	328,3 k €	+36.0%	241,4 k €
Total assets	1,6 M €	-5.4%	1,7 M €	-1.0%	1,7 M €	+19.1%	1,4 M €	-6.8%	1,5 M €	+23.3%	1,2 M €	+7.7%	1,1 M €	+18.3%	965 k €	+8.4%	890,4 k €	-1.7%	905,5 k €	-5.4%	957,5 k €	+29.8%	737,5 k €	+0.9%	731,3 k €	-0.1%	732,2 k €	+18.0%	620,4 k €	-1.9%	632,4 k €	+0.4%	630,1 k €	+21.0%	520,6 k €	+27.5%	408,2 k €
Cash	76 k €	-75.2%	306,4 k €	+157%	119,4 k €	+2.2%	116,8 k €	-59.7%	289,9 k €	-20.2%	363,5 k €	+358%	79,3 k €	-61.8%	207,4 k €	-10.8%	232,5 k €	+602%	33,1 k €	-18.2%	40,5 k €	-28.4%	56,5 k €	+36.6%	41,4 k €	-86.7%	310,5 k €	-4.2%	324,2 k €	-10.6%	362,6 k €	+6.9%	339,2 k €	+196%	114,5 k €	+52.4%	75,1 k €
Debts	28,7 k €	-64.7%	81,4 k €	-38.7%	132,8 k €	-58.1%	317,1 k €	-34.5%	484,1 k €	+73.9%	278,3 k €	-9.3%	307 k €	+71.1%	179,4 k €	+17.8%	152,4 k €	-29.6%	216,6 k €	-28.2%	301,6 k €	+181%	107,5 k €	+0.2%	107,3 k €	-25.3%	143,7 k €	+267%	39,1 k €	-62.8%	105,2 k €	-35.9%	164,1 k €	-14.0%	190,7 k €	+14.5%	166,6 k €
Other
Workforce	0,0 ETP	-100%	3,3 ETP	-15.4%	3,9 ETP	+14.7%	3,4 ETP	+6.2%	3,2 ETP	+3.2%	3,1 ETP	+24.0%	2,5 ETP		–		–		–		2,0 ETP	+42.9%	1,4 ETP	+180%	0,5 ETP	-64.3%	1,4 ETP	-6.7%	1,5 ETP	0.0%	1,5 ETP	-16.7%	1,8 ETP	+38.5%	1,3 ETP	+333%	0,3 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 · 1 active · 12 ended

Active mandates

Pierre Martinus Smeets

Director · since 14 décembre 2023

Active

Ended mandates

Pierre Martinus Smeets

Director · since 11 décembre 2012

Ended

Pierre Martinus Smeets

Administrator - manager · since 11 décembre 2012

Ended

Pierre Martinus Smeets

Manager · since 11 décembre 2012

Ended

Nico Smeets

Managing director · since 01 juillet 2005 · until 11 décembre 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Fietsen de Leemhoek● Active	0515.988.530

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	26/06/2026	28/08/2025	30/08/2024	26/07/2023	28/07/2022	26/07/2021
General meeting	01/06/2026	31/07/2025	31/07/2024	30/06/2023	07/06/2022	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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	02/07/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	11/07/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	26/07/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	02/07/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	12/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	02/07/2010	Dutch	PDF
Abridged model	31/03/2008	01/09/2008	30/10/2008	Dutch	PDF
Abridged model	31/03/2007	03/09/2007	02/10/2007	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 · 1 active · 12 ended

Active mandates

Pierre Martinus Smeets

Director · since 14 décembre 2023

Active

Ended mandates

Pierre Martinus Smeets

Director · since 11 décembre 2012

Ended

Pierre Martinus Smeets

Administrator - manager · since 11 décembre 2012

Ended

Pierre Martinus Smeets

Manager · since 11 décembre 2012

Ended

Nico Smeets

Managing director · since 01 juillet 2005 · until 11 décembre 2012

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office09/02/2023
MAATSCHAPPELIJKE ZETEL
PDF
Other28/04/2014
DOEL
PDF
Mandates04/01/2013
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/09/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other14/04/2009
BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/08/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/12/2006
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 2025-37,1 k €↓
2024
Annual accounts 202434,8 k €↓
2023
Annual accounts 2023349,3 k €↑
2022
Annual accounts 202264,8 k €↓
2021
Annual accounts 2021114,4 k €↓
2020
Annual accounts 2020115,8 k €↑
2019
Annual accounts 201950,1 k €↑
2018
Annual accounts 201846,5 k €↓
2017
Annual accounts 201746,7 k €↑
2016
Annual accounts 201633,2 k €↑
2015
Annual accounts 201525,7 k €↑
2014
Annual accounts 201425,4 k €↑
2013
Annual accounts 201316,2 k €↓
2012
Annual accounts 201237,5 k €↓
2011
Annual accounts 201154,2 k €↓
2010
Annual accounts 201062,6 k €↓
2009
Annual accounts 2009135,8 k €↑
2008
Annual accounts 200886,9 k €↑
2007
Annual accounts 200756,2 k €
19/02/1993
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

KELNIC

Overview

What does KELNIC do?

Trend over 19 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