KELLEN
0451.884.396 · rovalta.com · 21/09/2026
ACTIVE
KELLEN
Financial year 2025 · closed on 31/12/2025
Net result
524,6 k €
-32.6% YoY
Gross margin
4,8 M €
-7.2% YoY
Equity
2,1 M €
+24.7% YoY
Workforce
39,5 ETP
-6.2% YoY
Overview
What does KELLEN do?
KELLEN is a Public limited company incorporated in 1994. Its main activity is: Public relations and communication activities. Its registered office is in Woluwe-Saint-Pierre. It employs on average 39,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0451.884.396
Incorporation
31/01/1994
Legal form
Public limited company
Registered office
Avenue de Tervueren 188 A box 4
1150 Woluwe-Saint-Pierre · BruxellesSee on map
1150 Woluwe-Saint-Pierre · BruxellesSee on map
Contributed capital
123 500,00 €
Latest accounts
31/12/2025
Average workforce
39,5 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||
| Gross margin | 4,8 M € | -7.2% | 5,2 M € | +7.9% | 4,8 M € | +6.1% | 4,6 M € | -10.9% | 5,1 M € | +33.4% | 3,8 M € | +6.1% | 3,6 M € | +4.7% | 3,5 M € | +2.8% | 3,4 M € | – | – | – | – | – | – | – | – | ||||||||
| EBITDA | 783,4 k € | -23.5% | 1 M € | +16.9% | 875,5 k € | -0.9% | 883,4 k € | -11.2% | 995,1 k € | +121% | 449,8 k € | -33.1% | 672,5 k € | -12.3% | 767 k € | -29.3% | 1,1 M € | +135% | 460,7 k € | +191% | 158,4 k € | -59.9% | 395,2 k € | +18.5% | 333,6 k € | +45.2% | 229,8 k € | +268% | 62,5 k € | +936% | -7,5 k € | -105% | 162,3 k € |
| Operating result | 754,8 k € | -22.8% | 978 k € | +17.6% | 831,4 k € | -1.2% | 841,3 k € | -11.6% | 951,2 k € | +139% | 397,7 k € | -35.8% | 619,5 k € | -15.7% | 735,2 k € | -31.2% | 1,1 M € | +105% | 522,6 k € | +268% | 142,2 k € | -50.9% | 289,6 k € | +16.2% | 249,2 k € | +88.7% | 132,1 k € | +1276% | 9,6 k € | +108% | -122,9 k € | -171% | 173,4 k € |
| Net result | 524,6 k € | -32.6% | 778,1 k € | +27.4% | 610,9 k € | -1.4% | 619,6 k € | -18.8% | 762,6 k € | +276% | 202,8 k € | -57.4% | 476,1 k € | +7.3% | 443,5 k € | -33.5% | 666,7 k € | +115% | 309,5 k € | +396% | 62,4 k € | -18.2% | 76,2 k € | +153% | 30,1 k € | -70.4% | 101,7 k € | +2061% | -5,2 k € | +95.3% | -110,1 k € | -242% | 77,5 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||
| Equity | 2,1 M € | +24.7% | 1,7 M € | -11.8% | 1,9 M € | +35.4% | 1,4 M € | +56.2% | 888,8 k € | +72.2% | 516,2 k € | +64.7% | 313,4 k € | -78.3% | 1,4 M € | +44.2% | 1 M € | +23.0% | 815,1 k € | +61.2% | 505,5 k € | +14.1% | 443,2 k € | +16.1% | 381,6 k € | +4.2% | 366,1 k € | +31.2% | 279,1 k € | +0.0% | 279 k € | -20.4% | 350,5 k € |
| Total assets | 3 M € | -0.9% | 3,1 M € | -4.0% | 3,2 M € | +36.7% | 2,3 M € | -6.7% | 2,5 M € | -8.9% | 2,8 M € | -26.0% | 3,7 M € | +19.2% | 3,1 M € | +22.4% | 2,6 M € | +9.8% | 2,3 M € | +37.7% | 1,7 M € | +6.8% | 1,6 M € | -20.3% | 2 M € | +0.3% | 2 M € | +10.2% | 1,8 M € | -15.3% | 2,1 M € | -8.6% | 2,3 M € |
| Cash | 1,4 M € | -8.6% | 1,5 M € | -28.3% | 2,1 M € | +40.1% | 1,5 M € | +3.8% | 1,4 M € | -10.1% | 1,6 M € | +69.3% | 947,4 k € | +113% | 444,3 k € | -26.8% | 607,1 k € | -29.7% | 863,9 k € | +167% | 323,9 k € | -34.7% | 496,1 k € | +5.4% | 470,9 k € | -36.7% | 743,8 k € | +170% | 276 k € | +130% | 119,8 k € | -9.6% | 132,5 k € |
| Debts | 722 k € | -36.8% | 1,1 M € | +8.0% | 1,1 M € | +25.8% | 839,8 k € | -40.4% | 1,4 M € | -0.5% | 1,4 M € | -44.1% | 2,5 M € | +179% | 907 k € | +6.5% | 851,8 k € | -10.6% | 953,3 k € | +21.1% | 787,5 k € | +5.5% | 746,5 k € | -24.8% | 992,7 k € | -9.1% | 1,1 M € | -14.9% | 1,3 M € | -15.3% | 1,5 M € | -2.8% | 1,6 M € |
| Other | |||||||||||||||||||||||||||||||||
| Workforce | 39,5 ETP | -6.2% | 42,1 ETP | +9.1% | 38,6 ETP | +3.2% | 37,4 ETP | +0.8% | 37,1 ETP | +3.6% | 35,8 ETP | -1.9% | 36,5 ETP | +3.4% | 35,3 ETP | +10.3% | 32,0 ETP | +122% | 14,4 ETP | +10.8% | 13,0 ETP | -13.9% | 15,1 ETP | -3.8% | 15,7 ETP | +8.3% | 14,5 ETP | -7.6% | 15,7 ETP | -29.3% | 22,2 ETP | -10.5% | 24,8 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 27 ended
Active mandates
Active
Peter Stephen Rush
ActiveActive
Active
Jean Perrachon
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
toxminds● Active | 0877.628.383 |
Financials
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 | 01/11/2020 | 01/11/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/10/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 14 months | 12 months |
| Filing date | 17/06/2026 | 04/06/2025 | 02/07/2024 | 05/07/2023 | 04/07/2022 | 21/04/2021 |
| General meeting | 02/06/2026 | 03/06/2025 | 04/06/2024 | 06/06/2023 | 07/06/2022 | 06/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 02/06/2026 | 17/06/2026 | Dutch | |
| Abridged model | 31/12/2024 | 03/06/2025 | 04/06/2025 | Dutch | |
| Abridged model | 31/12/2023 | 04/06/2024 | 02/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 06/06/2023 | 05/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 07/06/2022 | 04/07/2022 | Dutch | |
| Abridged model | 31/10/2020 | 06/04/2021 | 21/04/2021 | Dutch | |
| Abridged model | 31/10/2019 | 14/02/2020 | 26/02/2020 | Dutch | |
| Abridged model | 31/10/2018 | 02/04/2019 | 08/04/2019 | Dutch | |
| Abridged model | 31/10/2017 | 03/04/2018 | 25/04/2018 | Dutch | |
| Full model | 31/10/2016 | 04/04/2017 | 24/04/2017 | Dutch | |
| Full model | 31/10/2015 | 29/02/2016 | 09/03/2016 | Dutch | |
| Full model | 31/10/2014 | 07/04/2015 | 30/04/2015 | Dutch | |
| Full model | 31/10/2013 | 01/04/2014 | 30/04/2014 | Dutch | |
| Full model | 31/10/2012 | 02/04/2013 | 11/04/2013 | Dutch | |
| Full model | 31/10/2011 | 03/04/2012 | 23/04/2012 | Dutch | |
| Full model | 31/10/2010 | 05/04/2011 | 28/04/2011 | Dutch | |
| Full model | 31/10/2009 | 06/04/2010 | 07/05/2010 | Dutch | |
| Full model | 31/10/2008 | 01/06/2009 | 30/06/2009 | Dutch | |
| Full model | 31/10/2007 | 01/04/2008 | 29/05/2008 | Dutch | |
| Full model | 31/10/2006 | 03/04/2007 | 29/06/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 5 active · 27 ended
Active mandates
Active
Peter Stephen Rush
ActiveActive
Active
Jean Perrachon
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring20/05/2026RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Mandates09/07/2025ONTSLAGEN - BENOEMINGEN
- Capital / shares18/04/2025KAPITAAL - AANDELEN
- Mandates24/08/2022ONTSLAGEN - BENOEMINGEN
- Mandates14/03/2022ONTSLAGEN - BENOEMINGEN
- Mandates29/11/2021ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates03/05/2021ONTSLAGEN - BENOEMINGEN
- Mandates16/04/2019ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025524,6 k €↓
- 2024Annual accounts 2024778,1 k €↑
- 2023Annual accounts 2023610,9 k €↓
- 2022Annual accounts 2022619,6 k €↓
- 2021Annual accounts 2021762,6 k €↑
- 2020Annual accounts 2020202,8 k €↓
- 2019Annual accounts 2019476,1 k €↑
- 2018Annual accounts 2018443,5 k €↓
- 2017Annual accounts 2017666,7 k €↑
- 2017Name changeKELLEN
- 2015Annual accounts 2015309,5 k €↑
- 2014Annual accounts 201462,4 k €↓
- 2013Annual accounts 201376,2 k €↑
- 2012Annual accounts 201230,1 k €↓
- 2011Annual accounts 2011101,7 k €↑
- 2010Annual accounts 2010-5,2 k €↑
- 2009Annual accounts 2009-110,1 k €↓
- 2008Annual accounts 200877,5 k €
- 2008Name changeKELLEN EUROPE
- 31/01/1994IncorporationPublic limited company