ACTIVE

KEDAK

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Financial year 2025 · closed on 31/12/2025

Net result

56,2 k €

+470.2% YoY

Gross margin

148,4 k €

+17.8% YoY

Equity

346,3 k €

+19.4% YoY

What does KEDAK do?

KEDAK is a Public limited company incorporated in 1994. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Peer.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.491.925

Incorporation

24/09/1994

Legal form

Public limited company

Registered office

Merelstraat 45
3990 Peer · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Activities (NACE)

43221Plumbing, heat and air-conditioning installation· main 43221Plumbing, heat and air-conditioning installation 43410Specialised construction activities 43910Roofing activities 45220Maintenance and repair of motor vehicles 45332Sale of motor vehicle parts and accessories+3

Joint committees (3)

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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	148,4 k €	+17.8%	125,9 k €	-4.0%	131,2 k €	+41.5%	92,7 k €	-24.3%	122,5 k €	-12.4%	139,8 k €	+12.0%	124,8 k €	+19.1%	104,8 k €	+14.5%	91,5 k €	+19.5%	76,6 k €	+4.6%	73,2 k €	-29.8%	104,2 k €	+65.1%	63,2 k €	-43.7%	112,1 k €	+39.9%	80,2 k €	+18.6%	67,6 k €	-15.5%	80 k €	+44.2%	55,5 k €
EBITDA	74,1 k €	+666%	9,7 k €	-72.3%	35 k €	+314%	-16,4 k €	-158%	28 k €	-33.7%	42,2 k €	+7.1%	39,5 k €	+15.6%	34,1 k €	+51.4%	22,5 k €	-54.3%	49,3 k €	-16.6%	59,1 k €	-30.5%	85,1 k €	+76.2%	48,3 k €	-54.0%	104,9 k €	+40.3%	74,8 k €	+35.1%	55,4 k €	-4.2%	57,8 k €	+55.1%	37,2 k €
Operating result	72,4 k €	+695%	9,1 k €	-73.0%	33,7 k €	+289%	-17,8 k €	-182%	21,7 k €	-41.1%	36,7 k €	+18.2%	31,1 k €	+27.4%	24,4 k €	+101%	12,2 k €	+26.5%	9,6 k €	-24.0%	12,7 k €	-67.2%	38,6 k €	+2330%	-1,7 k €	-104%	48,3 k €	+17.4%	41,1 k €	+91.4%	21,5 k €	-14.0%	25 k €	+145%	10,2 k €
Net result	56,2 k €	+470%	9,9 k €	-66.6%	29,5 k €	+308%	-14,2 k €	-171%	20,1 k €	-33.6%	30,3 k €	+10.0%	27,6 k €	+42.7%	19,3 k €	+45.5%	13,3 k €	+214%	4,2 k €	-58.6%	10,2 k €	-57.7%	24,2 k €	+55.4%	15,6 k €	-47.6%	29,7 k €	+11.2%	26,7 k €	+41.5%	18,9 k €	+11.2%	17 k €	+19.3%	14,2 k €
Balance sheet
Equity	346,3 k €	+19.4%	290,1 k €	+3.5%	280,3 k €	+11.8%	250,7 k €	-5.4%	264,9 k €	+8.2%	244,8 k €	+14.1%	214,5 k €	+14.7%	186,9 k €	+11.5%	167,6 k €	+8.6%	154,3 k €	+2.8%	150,1 k €	+1.5%	147,9 k €	+2.9%	143,7 k €	+4.0%	138,2 k €	+11.9%	123,5 k €	+10.5%	111,8 k €	+6.6%	104,9 k €	+5.0%	99,9 k €
Total assets	461,7 k €	+48.5%	310,9 k €	-2.4%	318,3 k €	+10.2%	288,9 k €	-4.7%	303,1 k €	+8.0%	280,7 k €	+9.8%	255,6 k €	+5.4%	242,6 k €	-2.5%	248,7 k €	+6.2%	234,2 k €	-13.2%	269,9 k €	-17.6%	327,4 k €	+0.3%	326,5 k €	-10.4%	364,4 k €	+49.3%	244 k €	+7.3%	227,4 k €	-1.0%	229,8 k €	+15.3%	199,4 k €
Cash	202,9 k €	+35.9%	149,3 k €	-2.2%	152,7 k €	+60.6%	95,1 k €	-36.7%	150,1 k €	+3.8%	144,6 k €	+32.7%	109 k €	+47.8%	73,8 k €	-21.5%	94 k €	+51.1%	62,2 k €	+36.5%	45,6 k €	-16.8%	54,8 k €	+130%	23,9 k €	-67.8%	74,1 k €	+17.2%	63,2 k €	+167%	23,6 k €	+0.8%	23,4 k €	+59.7%	14,7 k €
Debts	99,9 k €	+382%	20,7 k €	-45.5%	38,1 k €	-0.3%	38,2 k €	+0.1%	38,2 k €	+6.5%	35,9 k €	-12.7%	41,1 k €	-26.2%	55,7 k €	-31.4%	81,1 k €	+1.6%	79,9 k €	-33.3%	119,8 k €	-33.3%	179,5 k €	-1.8%	182,8 k €	-19.2%	226,2 k €	+88.2%	120,2 k €	+3.9%	115,7 k €	-7.4%	124,9 k €	+25.6%	99,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,3 ETP	+160%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	+400%	0,1 ETP		–		0,3 ETP	-50.0%	0,6 ETP	-14.3%	0,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 7 ended

Active mandates

Rudi Hollanders

Director · since 19 juin 2025

Active

Seppe Hollanders

Director · since 19 juin 2025

Active

Hugo Kelchtermans

Managing director · until 19 juin 2025

Active

Jozef Kelchtermans

Director · until 19 juin 2025

Active

Raymond Kelchtermans

Director · until 19 juin 2025

Active

Ended mandates

Hugo Kelchtermans

Managing director · since 04 décembre 2015

Ended

Jozef Kelchtermans

Director · since 04 décembre 2015

Ended

Raymond Kelchtermans

Director · since 04 décembre 2015

Ended

Hugo Kelchtermans

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
Hollanders● Active	1022.269.043

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	31/12/2025	31/12/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	18 months	12 months	12 months	12 months	12 months
Filing date	16/06/2026	20/05/2025	21/12/2023	27/12/2022	06/12/2021	07/12/2020
General meeting	05/06/2026	15/05/2025	01/12/2023	02/12/2022	03/12/2021	04/12/2020
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
Micro model	31/12/2025	05/06/2026	16/06/2026	Dutch	PDF
Micro model	31/12/2024	15/05/2025	20/05/2025	Dutch	PDF
Micro model	30/06/2023	01/12/2023	21/12/2023	Dutch	PDF
Micro model	30/06/2022	02/12/2022	27/12/2022	Dutch	PDF
Micro model	30/06/2021	03/12/2021	06/12/2021	Dutch	PDF
Micro model	30/06/2020	04/12/2020	07/12/2020	Dutch	PDF
Micro model	30/06/2019	06/12/2019	09/12/2019	Dutch	PDF
Micro model	30/06/2018	07/12/2018	10/12/2018	Dutch	PDF
Micro model	30/06/2017	01/12/2017	06/12/2017	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	07/12/2016	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	07/12/2015	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	08/12/2014	Dutch	PDF
Abridged model	30/06/2013	06/12/2013	09/12/2013	Dutch	PDF
Abridged model	30/06/2012	07/12/2012	10/12/2012	Dutch	PDF
Abridged model	30/06/2011	02/12/2011	05/12/2011	Dutch	PDF
Abridged model	30/06/2010	03/12/2010	06/12/2010	Dutch	PDF
Abridged model	30/06/2009	04/12/2009	07/12/2009	Dutch	PDF
Abridged model	30/06/2008	05/12/2008	08/12/2008	Dutch	PDF
Abridged model	30/06/2007	07/12/2007	14/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 5 active · 7 ended

Active mandates

Rudi Hollanders

Director · since 19 juin 2025

Active

Seppe Hollanders

Director · since 19 juin 2025

Active

Hugo Kelchtermans

Managing director · until 19 juin 2025

Active

Jozef Kelchtermans

Director · until 19 juin 2025

Active

Raymond Kelchtermans

Director · until 19 juin 2025

Active

Ended mandates

Hugo Kelchtermans

Managing director · since 04 décembre 2015

Ended

Jozef Kelchtermans

Director · since 04 décembre 2015

Ended

Raymond Kelchtermans

Director · since 04 décembre 2015

Ended

Hugo Kelchtermans

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/09/2026
ONTSLAG BESTUURDER
PDF
Mandates07/07/2025
ONTSLAG EN BENOEMING (GEDELEGEERD) BESTUURDERS
PDF
Mandates21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates04/01/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2009
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2004
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 202556,2 k €↑
2024
Annual accounts 20249,9 k €↓
2023
Annual accounts 202329,5 k €↑
2022
Annual accounts 2022-14,2 k €↓
2021
Annual accounts 202120,1 k €↓
2020
Annual accounts 202030,3 k €↑
2019
Annual accounts 201927,6 k €↑
2018
Annual accounts 201819,3 k €↑
2017
Annual accounts 201713,3 k €↑
2016
Annual accounts 20164,2 k €↓
2015
Annual accounts 201510,2 k €↓
2014
Annual accounts 201424,2 k €↑
2013
Annual accounts 201315,6 k €↓
2012
Annual accounts 201229,7 k €↑
2011
Annual accounts 201126,7 k €↑
2010
Annual accounts 201018,9 k €↑
2009
Annual accounts 200917 k €↑
2008
Annual accounts 200814,2 k €
24/09/1994
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

KEDAK

Overview

What does KEDAK 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