NORMAL SITUATION

KEYTEL

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Financial year 2025 · closed on 31/12/2025

Net result

-132 k €

-148.8% YoY

Gross margin

786 k €

-4.2% YoY

Equity

157,5 k €

-45.6% YoY

Workforce

7,5 ETP

Company — Normal situation.

Strike-off: 04 septembre 2026

What does KEYTEL do?

KEYTEL is a Private limited company incorporated in 1998. It employs on average 7,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.675.053

Incorporation

12/02/1998

Legal form

Private limited company

Contributed capital

11 264,35 €

Latest accounts

31/12/2025

Average workforce

7,5 ETP

Joint committees (3)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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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	786 k €	-4.2%	820,4 k €	+65.6%	495,5 k €	+31.1%	377,9 k €	-16.4%	452 k €	+11.5%	405,2 k €	-0.7%	408 k €	+4.0%	392,2 k €	+42.0%	276,2 k €	+6.3%	259,9 k €	+0.6%	258,4 k €	-18.2%	316 k €	+11.3%	283,8 k €	-25.5%	381,1 k €	+18.7%	321 k €	+12.8%	284,6 k €	-15.6%	337 k €	+49.8%	225 k €	+76.1%	127,7 k €	-32.3%	188,6 k €
EBITDA	-25,4 k €	-107%	365,3 k €	+748%	43,1 k €	+411%	8,4 k €	-88.8%	75,4 k €	-0.1%	75,4 k €	+52.6%	49,4 k €	-12.1%	56,2 k €	+44.3%	39 k €	-22.4%	50,2 k €	+85.9%	27 k €	-44.9%	49,1 k €	-40.6%	82,6 k €	-5.2%	87,1 k €	-18.4%	106,7 k €	+6.7%	100 k €	-26.0%	135,1 k €	+81.5%	74,5 k €	+540%	11,6 k €	-90.5%	122,5 k €
Operating result	-73,6 k €	-124%	303,2 k €	+1985%	-16,1 k €	+64.3%	-45 k €	-233%	33,8 k €	-22.6%	43,7 k €	+145%	17,9 k €	-25.7%	24 k €	+561%	3,6 k €	-73.7%	13,8 k €	+845%	-1,9 k €	-108%	22,3 k €	-27.2%	30,6 k €	+1621%	1,8 k €	-94.3%	31,4 k €	-37.6%	50,3 k €	-43.3%	88,6 k €	+319%	21,1 k €	+152%	-41 k €	-156%	72,9 k €
Net result	-132 k €	-149%	270,7 k €	+863%	-35,5 k €	+44.5%	-64 k €	-1192%	-4,9 k €	-116%	30,1 k €	+3674%	-843,6 €	-105%	16,3 k €	+465%	-4,5 k €	-157%	7,8 k €	+123%	-34,4 k €	-2119%	-1,6 k €	+90.8%	-16,8 k €	-114%	117,7 k €	+1673%	6,6 k €	-84.0%	41,6 k €	-27.2%	57,1 k €	+9798%	576,7 €	+100%	-118,4 k €	-337%	50 k €
Balance sheet
Equity	157,5 k €	-45.6%	289,5 k €	+131%	125,5 k €	-22.1%	160,9 k €	-28.4%	224,9 k €	-2.2%	229,9 k €	+15.1%	199,7 k €	-0.4%	200,6 k €	+8.8%	184,3 k €	-2.4%	188,8 k €	+4.3%	181 k €	-16.0%	215,4 k €	-0.7%	216,9 k €	-7.2%	233,7 k €	+102%	115,9 k €	+6.1%	109,3 k €	+61.4%	67,7 k €	+537%	10,6 k €	+5.7%	10,1 k €	-91.0%	111,4 k €
Total assets	455,2 k €	-16.3%	543,8 k €	-0.7%	547,6 k €	-17.0%	659,9 k €	-10.8%	739,7 k €	+18.3%	625,3 k €	+21.7%	513,8 k €	+3.9%	494,4 k €	-12.1%	562,6 k €	-2.7%	578,1 k €	+8.8%	531,2 k €	+70.9%	310,8 k €	+8.9%	285,5 k €	-26.5%	388,7 k €	-45.0%	706,5 k €	+87.2%	377,5 k €	-28.3%	526,7 k €	+2.4%	514,6 k €	-37.3%	821 k €	-19.0%	1 M €
Cash	7,2 k €	-97.2%	260,4 k €	+187%	90,6 k €	+336%	20,8 k €	-48.0%	39,9 k €	-43.5%	70,7 k €	+58.5%	44,6 k €	+132%	19,2 k €	-69.4%	62,8 k €	-10.3%	70 k €	-19.7%	87,2 k €	-20.9%	110,3 k €	+91.1%	57,7 k €	-45.0%	104,8 k €	+150%	42 k €	-65.6%	122,1 k €	-27.1%	167,4 k €	+123%	75,1 k €	-58.0%	178,7 k €	+700%	22,3 k €
Debts	297,5 k €	+17.0%	254,3 k €	-39.8%	422,1 k €	-15.4%	499 k €	-3.1%	514,8 k €	+30.2%	395,4 k €	+25.9%	314 k €	+6.9%	293,8 k €	-22.3%	378,3 k €	-2.8%	389,4 k €	+11.2%	350,2 k €	+267%	95,5 k €	+39.2%	68,6 k €	-55.8%	155 k €	-73.8%	590,6 k €	+120%	268,2 k €	-41.6%	459 k €	-8.9%	503,9 k €	-37.9%	810,9 k €	-10.1%	902,4 k €
Other
Workforce	7,5 ETP		–		–		–		–		–		–		–		–		–		4,1 ETP	-8.9%	4,5 ETP	+4.7%	4,3 ETP	-30.6%	6,2 ETP	+26.5%	4,9 ETP	+4.3%	4,7 ETP	-6.0%	5,0 ETP	+8.7%	4,6 ETP	+84.0%	2,5 ETP	+47.1%	1,7 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 6 ended

Active mandates

Gerantis Group

Director · since 09 juillet 2025 · 0727.889.285

Represented by Tim Nagels

Active

KT VM

Director · since 09 juillet 2025 · 0598.906.506

Represented by Walter Suykens

Active

Sirius B

Director · since 09 juillet 2025 · 0568.906.384

Represented by Jelle Geerits

Active

Steven Van Der Steen

Director · since 09 juillet 2025

Active

Ended mandates

Walter SUYKENS

Director · since 19 février 2015

Ended

Walter SUYKENS

Manager · since 19 février 2015

Ended

Willy D'HONDT

Manager · since 09 février 1998

Ended

Walter SUYKENS

Andere functie

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro 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	16/07/2026	07/07/2025	23/07/2024	12/07/2023	25/07/2022	30/09/2021
General meeting	30/06/2026	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	30/06/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	07/07/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	23/07/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	12/07/2023	Dutch	PDF
Micro model	31/12/2021	07/06/2022	25/07/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	30/09/2021	Dutch	PDF
Micro model	31/12/2019	02/06/2020	25/11/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	18/07/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	29/08/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	04/06/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	14/04/2014	15/04/2014	Dutch	PDF
Abridged model	31/12/2012	19/03/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/06/2010	30/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	04/06/2007	05/09/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 4 active · 6 ended

Active mandates

Gerantis Group

Director · since 09 juillet 2025 · 0727.889.285

Represented by Tim Nagels

Active

KT VM

Director · since 09 juillet 2025 · 0598.906.506

Represented by Walter Suykens

Active

Sirius B

Director · since 09 juillet 2025 · 0568.906.384

Represented by Jelle Geerits

Active

Steven Van Der Steen

Director · since 09 juillet 2025

Active

Ended mandates

Walter SUYKENS

Director · since 19 février 2015

Ended

Walter SUYKENS

Manager · since 19 février 2015

Ended

Willy D'HONDT

Manager · since 09 février 1998

Ended

Walter SUYKENS

Andere functie

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring15/09/2026
MET FUSIE GELIJKGESTELDE VERRICHTING (GERUISLOZE
PDF
Other22/06/2026
DIVERSEN
PDF
Mandates16/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/01/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/11/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates29/12/2023
WIJZIGING RECHTSVORM - 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 2025-132 k €↓
2024
Annual accounts 2024270,7 k €↑
2023
Annual accounts 2023-35,5 k €↑
2022
Annual accounts 2022-64 k €↓
2021
Annual accounts 2021-4,9 k €↓
2021
Name changeKEY-TEL
2020
Annual accounts 202030,1 k €↑
2019
Annual accounts 2019-843,6 €↓
2018
Annual accounts 201816,3 k €↑
2017
Annual accounts 2017-4,5 k €↓
2016
Annual accounts 20167,8 k €↑
2015
Annual accounts 2015-34,4 k €↓
2014
Annual accounts 2014-1,6 k €↑
2013
Annual accounts 2013-16,8 k €↓
2012
Annual accounts 2012117,7 k €↑
2011
Annual accounts 20116,6 k €↓
2010
Annual accounts 201041,6 k €↓
2009
Annual accounts 200957,1 k €↑
2008
Annual accounts 2008576,7 €↑
2007
Annual accounts 2007-118,4 k €↓
2006
Annual accounts 200650 k €
2006
Name changeKEYTEL
12/02/1998
IncorporationPrivate 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

KEYTEL

Overview

What does KEYTEL do?

Trend over 20 financial years

Board of directors

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