ACTIVE

KESTENS INVEST

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Financial year 2024 · closed on 31/12/2024

Net result

-37,9 k €

-4.4% YoY

Gross margin

336,3 k €

+10.4% YoY

Equity

857,4 k €

-4.2% YoY

Workforce

1,0 ETP

+11.1% YoY

What does KESTENS INVEST do?

KESTENS INVEST is a Public limited company incorporated in 1994. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Tienen. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.091.147

Incorporation

20/12/1994

Legal form

Public limited company

Registered office

Industriepark 51
3300 Tienen · FlandreSee on map

Contributed capital

486 000,00 €

Latest accounts

31/12/2024

Average workforce

1,0 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70203Management consultancy activities 74855Other professional, scientific and technical activities 82100Office administrative and support activities 82110Combined office administrative service activities

Joint committees (4)

200
218
323
32300

Signals

Positive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 21 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006		2004		2003
Income statement
Gross margin	336,3 k €	+10.4%	304,5 k €	-11.1%	342,7 k €	-53.8%	741,7 k €	+122%	333,8 k €	-8.9%	366,5 k €	-3.5%	379,7 k €	-11.7%	430,1 k €	-8.4%	469,5 k €	-6.3%	501,2 k €	+25.1%	400,6 k €	-9.4%	442 k €	-22.3%	568,7 k €	+53.7%	370 k €	-11.3%	416,9 k €	+9.0%	382,5 k €	-23.7%	501,4 k €	+0.3%	499,8 k €	+26.8%	394,2 k €	+152%	156,4 k €	-70.1%	522,6 k €
EBITDA	123,2 k €	+3.1%	119,6 k €	-32.5%	177,2 k €	-70.0%	591,5 k €	+190%	204,1 k €	-2.0%	208,2 k €	-8.7%	227,9 k €	-21.4%	290 k €	-12.9%	332,8 k €	-9.2%	366,6 k €	+51.1%	242,6 k €	-21.1%	307,3 k €	-7.0%	330,3 k €	+55.9%	211,9 k €	-26.9%	290 k €	+4.4%	277,9 k €	-29.1%	391,8 k €	-3.0%	404,1 k €	+46.0%	276,8 k €	+1975%	-14,8 k €	-104%	342,7 k €
Operating result	-32,9 k €	-3.7%	-31,8 k €	-206%	30,1 k €	-93.0%	429,7 k €	+2095%	19,6 k €	+54.6%	12,7 k €	+169%	-18,3 k €	-127%	69 k €	-35.4%	106,7 k €	-6.5%	114,1 k €	+782%	12,9 k €	-78.5%	60,2 k €	-33.4%	90,3 k €	+990%	8,3 k €	-92.6%	112,3 k €	+53.7%	73,1 k €	-65.1%	209,3 k €	+8.0%	193,9 k €	+80.3%	107,6 k €	+170%	-153,1 k €	-175%	204,3 k €
Net result	-37,9 k €	-4.4%	-36,3 k €	-363%	13,8 k €	-95.6%	311,4 k €	+9391%	3,3 k €	-19.6%	4,1 k €	+107%	-60 k €	-250%	40 k €	+54.5%	25,9 k €	-44.1%	46,3 k €	+304%	-22,8 k €	-1530%	-1,4 k €	-104%	35,4 k €	+175%	-47 k €	-252%	31 k €	+382%	-11 k €	-149%	22,5 k €	-37.2%	35,9 k €	-74.1%	138,5 k €	+148%	-291,3 k €	-350%	116,7 k €
Balance sheet
Equity	857,4 k €	-4.2%	895,3 k €	-3.9%	931,6 k €	+1.5%	917,8 k €	+51.4%	606,4 k €	-22.5%	782,6 k €	+0.5%	778,5 k €	+81.7%	428,5 k €	+10.3%	388,5 k €	+7.1%	362,7 k €	+14.6%	316,3 k €	-6.7%	339,1 k €	-5.9%	360,5 k €	+2.1%	353,1 k €	-11.7%	400,1 k €	+8.4%	369,1 k €	-2.9%	380,1 k €	+6.3%	357,6 k €	+11.1%	321,7 k €	+193%	109,7 k €	-72.6%	401 k €
Total assets	3,3 M €	-0.6%	3,3 M €	+2.0%	3,2 M €	-0.5%	3,3 M €	+1.3%	3,2 M €	-5.3%	3,4 M €	-6.7%	3,6 M €	+30.7%	2,8 M €	-4.2%	2,9 M €	-4.2%	3 M €	+0.5%	3 M €	-2.8%	3,1 M €	+5.8%	2,9 M €	+34.5%	2,2 M €	+3.0%	2,1 M €	-6.5%	2,3 M €	-1.5%	2,3 M €	+5.7%	2,2 M €	+5.9%	2,1 M €	+4.2%	2 M €	-8.4%	2,2 M €
Cash	29,5 k €	+288%	7,6 k €	-0.9%	7,7 k €	+214%	2,4 k €	-78.8%	11,5 k €	-1.9%	11,8 k €	+213%	3,8 k €	-63.9%	10,4 k €	-75.0%	41,6 k €	+49648%	83,6 €	-98.2%	4,6 k €	+1508%	287,8 €	-97.0%	9,4 k €	+4895%	189 €	-86.3%	1,4 k €	-98.6%	99,3 k €	+161%	38 k €	-15.5%	45 k €	-67.5%	138,6 k €	+276%	36,9 k €	+2436%	1,5 k €
Debts	2,4 M €	+0.9%	2,4 M €	+4.3%	2,3 M €	-2.2%	2,3 M €	-9.6%	2,6 M €	-0.2%	2,6 M €	-9.6%	2,9 M €	+22.2%	2,3 M €	-6.3%	2,5 M €	-5.5%	2,6 M €	-0.9%	2,7 M €	-2.1%	2,7 M €	+7.4%	2,5 M €	+43.0%	1,8 M €	+6.9%	1,7 M €	-9.2%	1,8 M €	-1.0%	1,8 M €	+5.3%	1,8 M €	+5.6%	1,7 M €	-9.9%	1,8 M €	+7.6%	1,7 M €
Other
Workforce	1,0 ETP	+11.1%	0,9 ETP	+12.5%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	+14.3%	0,7 ETP	-58.8%	1,7 ETP	+41.7%	1,2 ETP	+9.1%	1,1 ETP	-26.7%	1,5 ETP	+7.1%	1,4 ETP	+27.3%	1,1 ETP	-45.0%	2,0 ETP	+100%	1,0 ETP	-80.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 7 ended

Active mandates

Antje Kestens

Director · since 07 juin 2025 · until 07 juin 2031

Active

Hector Kestens

Director · since 07 juin 2025 · until 07 juin 2031

Active

Luc Kestens

Managing director · since 07 juin 2025 · until 07 juin 2031

Active

Walter Kestens

Managing director · since 07 juin 2025 · until 07 juin 2031

Active

Ended mandates

Antje Kestens

Director · since 21 janvier 2019 · until 21 janvier 2025

Ended

Hector Kestens

Director · since 01 janvier 2019 · until 01 janvier 2025

Ended

Luc Kestens

Managing director · since 02 juin 2018 · until 02 juin 2024

Ended

Walter Kestens

Managing director · since 02 juin 2018 · until 02 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
Immo Bergé● Active	0535.859.474
NOVUSPORTUS● Active	1033.846.685
PATRIMA● Active	0833.244.153
SEVENTS● Active	0887.260.483
TIENEN INVEST MAATSCHAPPIJ● Active	0474.161.932

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/09/2025	27/08/2024	30/08/2023	30/08/2022	27/08/2021	30/09/2020
General meeting	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021	02/09/2020
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	07/06/2025	10/09/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	27/08/2021	Dutch	PDF
Abridged model	31/12/2019	02/09/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	29/08/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	30/09/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	26/10/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	29/08/2007	Dutch	PDF
Abridged modelCorrection	31/12/2004	04/06/2005	24/09/2007	Dutch	PDF
Abridged modelCorrection	31/12/2003	05/06/2004	24/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2024 · 4 active · 7 ended

Active mandates

Antje Kestens

Director · since 07 juin 2025 · until 07 juin 2031

Active

Hector Kestens

Director · since 07 juin 2025 · until 07 juin 2031

Active

Luc Kestens

Managing director · since 07 juin 2025 · until 07 juin 2031

Active

Walter Kestens

Managing director · since 07 juin 2025 · until 07 juin 2031

Active

Ended mandates

Antje Kestens

Director · since 21 janvier 2019 · until 21 janvier 2025

Ended

Hector Kestens

Director · since 01 janvier 2019 · until 01 janvier 2025

Ended

Luc Kestens

Managing director · since 02 juin 2018 · until 02 juin 2024

Ended

Walter Kestens

Managing director · since 02 juin 2018 · until 02 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring03/04/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring03/04/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring29/12/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring19/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring19/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares16/06/2020
KAPITAAL - AANDELEN
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

2024
Annual accounts 2024-37,9 k €↓
2023
Annual accounts 2023-36,3 k €↓
2022
Annual accounts 202213,8 k €↓
2021
Annual accounts 2021311,4 k €↑
2020
Annual accounts 20203,3 k €↓
2019
Annual accounts 20194,1 k €↑
2018
Annual accounts 2018-60 k €↓
2017
Annual accounts 201740 k €↑
2016
Annual accounts 201625,9 k €↓
2015
Annual accounts 201546,3 k €↑
2014
Annual accounts 2014-22,8 k €↓
2013
Annual accounts 2013-1,4 k €↓
2012
Annual accounts 201235,4 k €↑
2011
Annual accounts 2011-47 k €↓
2010
Annual accounts 201031 k €↑
2009
Annual accounts 2009-11 k €↓
2008
Annual accounts 200822,5 k €↓
2007
Annual accounts 200735,9 k €↓
2006
Annual accounts 2006138,5 k €↑
2004
Annual accounts 2004-291,3 k €↓
2003
Annual accounts 2003116,7 k €
20/12/1994
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

KESTENS INVEST

Overview

What does KESTENS INVEST do?

Trend over 21 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