ACTIVE

KAVE

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Financial year 2025 · closed on 31/12/2025

Net result

398,7 €

-91.0% YoY

Gross margin

48,4 k €

-25.7% YoY

Equity

606,9 k €

+0.1% YoY

What does KAVE do?

KAVE is a Private company with limited liability incorporated in 1996. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Zutendaal.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.585.325

Incorporation

21/03/1996

Legal form

Private company with limited liability

Registered office

Meerstraat 24
3690 Zutendaal · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	48,4 k €	-25.7%	65,2 k €	-4.4%	68,2 k €	+26.1%	54,1 k €	-6.7%	58 k €	+9.3%	53 k €	+17.0%	45,3 k €	-35.2%	69,9 k €	+29.9%	53,8 k €	+8.3%	49,7 k €	-11.6%	56,2 k €	+13.6%	49,5 k €	+642%	6,7 k €	+234%	-5 k €	-250%	3,3 k €	-56.7%	7,7 k €	-82.1%	42,8 k €	-60.7%	108,9 k €	+1.5%	107,3 k €	+21.8%	88,1 k €
EBITDA	40,8 k €	-30.2%	58,5 k €	-5.3%	61,7 k €	+27.9%	48,3 k €	-7.6%	52,2 k €	+10.6%	47,2 k €	+18.4%	39,9 k €	-37.7%	64 k €	+41.5%	45,2 k €	-6.3%	48,3 k €	-8.0%	52,5 k €	+15.9%	45,3 k €	+786%	5,1 k €	+175%	-6,8 k €	-892%	857,2 €	-78.3%	3,9 k €	-89.7%	38,2 k €	-63.5%	104,7 k €	+9.3%	95,8 k €	+31.0%	73,1 k €
Operating result	12,5 k €	-61.4%	32,3 k €	-7.6%	35 k €	+60.6%	21,8 k €	-15.4%	25,8 k €	+24.2%	20,7 k €	+56.0%	13,3 k €	-67.3%	40,6 k €	+78.9%	22,7 k €	-12.4%	25,9 k €	-11.8%	29,4 k €	+8.3%	27,1 k €	+312%	-12,8 k €	+20.8%	-16,2 k €	-84.6%	-8,7 k €	+1.5%	-8,9 k €	-334%	3,8 k €	-94.8%	73,2 k €	+12.8%	64,9 k €	+45.2%	44,7 k €
Net result	398,7 €	-91.0%	4,4 k €	-68.9%	14,3 k €	+151%	5,7 k €	-41.4%	9,7 k €	+69.9%	5,7 k €	+360%	1,2 k €	-95.4%	27,1 k €	+168%	10,1 k €	-23.3%	13,2 k €	-46.2%	24,5 k €	+14.9%	21,3 k €	+594%	-4,3 k €	+60.2%	-10,8 k €	-159%	18,3 k €	+168%	-27 k €	-108%	322,6 k €	+849%	34 k €	+44.5%	23,5 k €	+91.1%	12,3 k €
Balance sheet
Equity	606,9 k €	+0.1%	606,5 k €	+0.7%	602,1 k €	+2.4%	587,8 k €	+1.0%	582 k €	+1.7%	572,3 k €	+1.0%	566,6 k €	+0.2%	565,3 k €	+5.0%	538,2 k €	+1.9%	528,1 k €	+2.6%	514,9 k €	+5.0%	490,3 k €	+4.5%	469 k €	-0.9%	473,3 k €	-23.1%	615,5 k €	+3.1%	597,3 k €	-4.3%	624,3 k €	+107%	301,8 k €	+12.7%	267,7 k €	+9.6%	244,2 k €
Total assets	1 M €	+0.8%	1 M €	+2.7%	974,3 k €	+2.4%	951,4 k €	+2.0%	932,8 k €	+2.1%	913,7 k €	+1.6%	899,2 k €	+0.9%	891,3 k €	+1.9%	874,7 k €	-2.4%	896,4 k €	+1.6%	881,9 k €	+44.1%	612,2 k €	-5.3%	646,2 k €	+34.7%	479,7 k €	-22.9%	621,9 k €	+2.2%	608,5 k €	-5.4%	643,1 k €	-6.0%	683,8 k €	-1.1%	691,5 k €	+0.6%	687,2 k €
Cash	297,1 k €	+78.6%	166,3 k €	+11.3%	149,4 k €	-19.9%	186,6 k €	+31.6%	141,8 k €	+49.0%	95,1 k €	+69.4%	56,1 k €	+46.3%	38,4 k €	+289%	9,9 k €	-51.7%	20,4 k €	-29.4%	29 k €	+237%	8,6 k €	-68.3%	27,1 k €	-93.7%	430,2 k €	-21.8%	550,1 k €	+2.7%	535,7 k €	+742%	63,6 k €	+284%	16,6 k €	+261%	4,6 k €	+171%	1,7 k €
Debts	401,2 k €	+1.8%	394,1 k €	+5.9%	372,1 k €	+2.4%	363,6 k €	+3.7%	350,6 k €	+2.7%	341,3 k €	+2.6%	332,7 k €	+2.1%	325,9 k €	-3.2%	336,5 k €	-4.0%	350,4 k €	-4.5%	367 k €	+201%	121,9 k €	-31.2%	177,2 k €	+3036%	5,7 k €	+42.9%	4 k €	-61.0%	10,2 k €	-17.6%	12,3 k €	-96.7%	368,1 k €	-9.7%	407,7 k €	-4.9%	428,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	-40.0%	0,5 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 · 2 active · 12 ended

Active mandates

Maria Saenen

Director

Active

Patrick Paulissen

Director

Active

Ended mandates

Maria Saenen

Manager · since 24 septembre 2013

Ended

Patrick Paulissen

Manager · since 24 septembre 2013

Ended

KAREL VAN GENECHTEN

Manager · since 08 mai 2012

Ended

VERONIQUE SAGRAFENA

Manager · since 08 mai 2012

Ended

At this address

Other companies at this address

Company	CBE no.
BM Paulissen-Saenen● Active	0718.975.282

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	03/06/2026	03/06/2025	10/06/2024	19/06/2023	07/06/2022	09/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	03/06/2026	Dutch	PDF
Abridged model	31/12/2024	02/06/2025	03/06/2025	Dutch	PDF
Abridged model	31/12/2023	03/06/2024	10/06/2024	Dutch	PDF
Abridged model	31/12/2022	05/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	07/06/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	09/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	04/06/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	04/06/2019	Dutch	PDF
Abridged model	31/12/2017	04/06/2018	06/06/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	07/06/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	02/06/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	04/06/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	29/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	06/07/2010	Dutch	PDF
Abridged model	31/12/2008	02/06/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	28/06/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	20/07/2007	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 · 2 active · 12 ended

Active mandates

Maria Saenen

Director

Active

Patrick Paulissen

Director

Active

Ended mandates

Maria Saenen

Manager · since 24 septembre 2013

Ended

Patrick Paulissen

Manager · since 24 septembre 2013

Ended

KAREL VAN GENECHTEN

Manager · since 08 mai 2012

Ended

VERONIQUE SAGRAFENA

Manager · since 08 mai 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/12/2013
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/06/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates28/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/09/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates27/05/2005
MAATSCHAPPELIJKE ZETEL - 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 2025398,7 €↓
2024
Annual accounts 20244,4 k €↓
2023
Annual accounts 202314,3 k €↑
2022
Annual accounts 20225,7 k €↓
2021
Annual accounts 20219,7 k €↑
2020
Annual accounts 20205,7 k €↑
2019
Annual accounts 20191,2 k €↓
2018
Annual accounts 201827,1 k €↑
2017
Annual accounts 201710,1 k €↓
2016
Annual accounts 201613,2 k €↓
2015
Annual accounts 201524,5 k €↑
2014
Annual accounts 201421,3 k €↑
2013
Annual accounts 2013-4,3 k €↑
2012
Annual accounts 2012-10,8 k €↓
2011
Annual accounts 201118,3 k €↑
2010
Annual accounts 2010-27 k €↓
2009
Annual accounts 2009322,6 k €↑
2008
Annual accounts 200834 k €↑
2007
Annual accounts 200723,5 k €↑
2006
Annual accounts 200612,3 k €
21/03/1996
IncorporationPrivate company with limited liability

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

KAVE

Overview

What does KAVE do?

Trend over 20 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