ACTIVE

KWADRAAT

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Financial year 2025 · Closed on 31/12/2025

Net result889,6 k €-27,0 %over 1 year

Revenue29,9 M €-3,7 %over 1 year

Equity28,1 M €+3,3 %over 1 year

Workforce12,8 ETP-11,7 %over 1 year

Identity

Source · BCE/KBO

KWADRAAT is a Public limited company incorporated in 1995. Its main activity is: Construction of buildings. Its registered office is in Bierbeek. It employs on average 12,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0456.406.972
Incorporation: 27/10/1995
Legal form: Public limited company
Registered office: Culostraat(OPV) 44
3360 Bierbeek · FlandreSee on map
Contributed capital: 300 000,00 €
Latest accounts: 31/12/2025
Average workforce: 12,8 ETP

Activities (NACE)

41001Construction of buildings· main 41101Development of building projects 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 68121Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	29,9 M €	-3.7%	31,1 M €	+1.7%	30,6 M €	-30.4%	43,9 M €	+31.4%	33,4 M €
EBITDA	1,5 M €	-16.4%	1,8 M €	-29.0%	2,6 M €	-5.0%	2,7 M €	-1.6%	2,8 M €
Operating result	1,2 M €	-20.1%	1,4 M €	-33.1%	2,2 M €	-5.2%	2,3 M €	-4.2%	2,4 M €
Net result	889,6 k €	-27.0%	1,2 M €	-31.6%	1,8 M €	+5.9%	1,7 M €	-4.3%	1,8 M €
Balance sheet
Equity	28,1 M €	+3.3%	27,2 M €	+4.3%	26,1 M €	+5.7%	24,7 M €	+7.3%	23 M €
Total assets	36,6 M €	+1.0%	36,2 M €	+3.8%	34,9 M €	+21.6%	28,7 M €	-6.5%	30,7 M €
Cash	216,1 k €	+149%	86,7 k €	+62.2%	53,5 k €	-96.6%	1,6 M €	+1375%	105,2 k €
Debts	8,5 M €	-5.9%	9 M €	+2.3%	8,8 M €	+120%	4 M €	-47.9%	7,7 M €
Other
Workforce	12,8 ETP	-11.7%	14,5 ETP	-5.2%	15,3 ETP	-2.5%	15,7 ETP	+5.4%	14,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Chris Holemans	DirectorManaging director15/03/2007 → 2021 accountsended
Kurt Holemans	Directorsince 01/06/1998
Gunther Vancalster	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gunther Vancalsteren	Director27/05/2013 → 2021 accounts
Gunther Vercalsteren	Director27/05/2013 → 2014 accounts

Other companies at this address

Culostraat(OPV) 44 3360 Bierbeek

Company	CBE no.
CANVAS● Active	0820.985.828
Kompas● Active	0859.890.845
LIEZA● Active	0664.848.688
MACH10● Active	1001.374.253
Realfin Mechelen● Active	0444.337.006

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/07/2026	22/07/2025	26/06/2024	31/07/2023	28/06/2022	28/06/2021
General meeting	26/05/2026	16/01/2025	16/01/2024	30/05/2023	30/05/2022	31/05/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	09/07/2026	Dutch	PDF
Full model	31/12/2024	16/01/2025	22/07/2025	Dutch	PDF
Full model	31/12/2023	16/01/2024	26/06/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	28/06/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	30/09/2020	27/10/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	17/07/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	30/08/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	26/08/2016	Dutch	PDF
Full model	31/12/2014	25/05/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	27/05/2013	29/08/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	30/08/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	23/08/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	30/08/2010	Dutch	PDF
Full model	31/12/2008	25/05/2009	21/08/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	11/08/2008	Dutch	PDF
Full model	31/12/2006	15/03/2007	30/03/2007	Dutch	PDF

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.

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 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Chris Holemans	DirectorManaging director15/03/2007 → 2021 accountsended
Kurt Holemans	Directorsince 01/06/1998
Gunther Vancalster	Director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gunther Vancalsteren	Director27/05/2013 → 2021 accounts
Gunther Vercalsteren	Director27/05/2013 → 2014 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates03/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Other23/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2009
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/12/2007
KAPITAAL - AANDELEN
PDF
Mandates22/06/2007
ONTSLAGEN - BENOEMINGEN
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

Filings19 filings

Mandates

Gunther Vancalster

Kurt Holemans

Chris Holemans

Gunther Vancalsteren

Gunther Vercalsteren

19951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

KWADRAAT

Culostraat(OPV) 44, 3360 Bierbeek

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Culostraat(OPV) 44, 3360 BierbeekCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00276948

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
KWADRAATCurrent	accounts 2007 → 2025	Accounts 2025 · 2026-00276948

Events

2025
Annual accounts 2025889,6 k €↓
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 20221,7 M €↓
2021
Annual accounts 20211,8 M €↑
2020
Annual accounts 20201,2 M €↓
2019
Annual accounts 20191,6 M €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 20171,1 M €↑
2016
Annual accounts 20161 M €↑
2015
Annual accounts 20151 M €↓
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 20131,1 M €↑
2012
Annual accounts 20121 M €↓
2011
Annual accounts 20111,1 M €↓
2010
Annual accounts 20101,3 M €↑
2009
Annual accounts 20091 M €↑
2008
Annual accounts 2008851,4 k €↓
2007
Annual accounts 20071,9 M €
27/10/1995
IncorporationPublic limited company

KWADRAAT

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events