ACTIVE

KINVAN

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Financial year 2025 · closed on 31/12/2025

Net result

43,6 k €

+28.8% YoY

Gross margin

111,5 k €

-1.7% YoY

Equity

476,3 k €

+10.1% YoY

What does KINVAN do?

KINVAN is a Private limited company incorporated in 2000. Its main activity is: Production of electricity. Its registered office is in Waregem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0473.661.886

Incorporation

29/12/2000

Legal form

Private limited company

Registered office

Kleine Heerweg 154
8791 Waregem · FlandreSee on map

Contributed capital

233 077,63 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 82100Office administrative and support activities 82110Combined office administrative service activities+2

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	111,5 k €	-1.7%	113,4 k €	+27.2%	89,2 k €	-24.4%	118 k €	+15.2%	102,4 k €	-1.8%	104,2 k €	-8.3%	113,6 k €	+7.3%	105,9 k €	-2.6%	108,7 k €	-9.0%	119,5 k €	-0.2%	119,8 k €	+63.2%	73,4 k €	-45.3%	134,2 k €	-49.4%	265,4 k €	-40.6%	446,8 k €	+55.8%	286,8 k €	+62.8%	176,2 k €	+238%	52,1 k €	-39.2%	85,7 k €	+0.4%	85,4 k €
EBITDA	93,2 k €	-2.6%	95,7 k €	+32.4%	72,3 k €	-29.5%	102,5 k €	+17.4%	87,3 k €	-2.4%	89,4 k €	-10.3%	99,7 k €	+8.1%	92,3 k €	-3.2%	95,3 k €	-9.9%	105,8 k €	+0.2%	105,6 k €	+64.9%	64 k €	-25.5%	85,9 k €	-54.4%	188,5 k €	-48.9%	368,7 k €	+64.4%	224,3 k €	+36.9%	163,8 k €	+299%	41,1 k €	-45.2%	75 k €	+0.2%	74,8 k €
Operating result	60,8 k €	+25.3%	48,5 k €	+77.1%	27,4 k €	-52.1%	57,2 k €	+35.5%	42,2 k €	+69.8%	24,8 k €	-23.0%	32,3 k €	+17.2%	27,5 k €	-11.2%	31 k €	-23.0%	40,3 k €	-0.9%	40,7 k €	+750%	-6,3 k €	+54.1%	-13,6 k €	-121%	64,2 k €	-74.0%	246,9 k €	+174%	90,2 k €	+111%	42,8 k €	+240%	12,6 k €	-75.8%	52 k €	+0.3%	51,9 k €
Net result	43,6 k €	+28.8%	33,9 k €	+65.1%	20,5 k €	-53.5%	44,2 k €	+35.4%	32,6 k €	+71.7%	19 k €	-21.8%	24,3 k €	+3.8%	23,4 k €	+13.8%	20,6 k €	-24.0%	27,1 k €	-20.0%	33,8 k €	+331%	-14,7 k €	-14.4%	-12,8 k €	-127%	46,8 k €	-71.0%	161,3 k €	+167%	60,3 k €	+266%	16,5 k €	+285%	4,3 k €	-86.0%	30,5 k €	+9.6%	27,9 k €
Balance sheet
Equity	476,3 k €	+10.1%	432,7 k €	+8.5%	398,8 k €	-38.1%	644,7 k €	+7.4%	600,5 k €	+5.7%	567,9 k €	0.0%	567,9 k €	0.0%	567,9 k €	+2.6%	553,5 k €	+3.9%	533 k €	+5.4%	505,9 k €	+7.2%	472 k €	-11.4%	532,5 k €	-2.3%	545,3 k €	+5.4%	517,2 k €	+30.0%	398 k €	+17.9%	337,6 k €	+5.1%	321,1 k €	+1.4%	316,8 k €	+10.7%	286,3 k €
Total assets	500,4 k €	+10.1%	454,5 k €	+8.4%	419,2 k €	-42.7%	731,8 k €	+16.5%	628,3 k €	+4.1%	603,4 k €	-0.7%	607,9 k €	-0.8%	612,8 k €	-4.4%	641 k €	-0.6%	644,8 k €	-8.6%	705,2 k €	-9.3%	777,4 k €	-19.0%	960,1 k €	-9.0%	1,1 M €	-25.4%	1,4 M €	-38.2%	2,3 M €	+25.5%	1,8 M €	+188%	632,9 k €	+18.1%	536,1 k €	-3.3%	554,5 k €
Cash	283,3 k €	+39.2%	203,5 k €	+28.3%	158,5 k €	-0.0%	158,6 k €	+133%	68,2 k €	-8.8%	74,8 k €	-20.4%	93,9 k €	-15.6%	111,2 k €	+48.8%	74,8 k €	+178%	26,9 k €	+9.2%	24,6 k €	-28.3%	34,4 k €	-16.7%	41,3 k €	+174%	15 k €	-86.2%	109,2 k €	+1133%	8,9 k €	-93.7%	140,3 k €	+193%	47,9 k €	+326%	11,2 k €	+200%	3,8 k €
Debts	9,5 k €	+22.2%	7,8 k €	+19.7%	6,5 k €	-91.2%	73,7 k €	+357%	16,1 k €	-32.9%	24 k €	-17.9%	29,3 k €	-13.3%	33,8 k €	-49.4%	66,7 k €	-32.7%	99,2 k €	-46.6%	185,9 k €	-34.7%	284,8 k €	-28.7%	399,6 k €	-17.4%	483,6 k €	-44.6%	872,4 k €	-53.1%	1,9 M €	+27.6%	1,5 M €	+373%	308 k €	+41.6%	217,5 k €	-18.5%	266,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	-50.0%	2,0 ETP	+100%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Robert Vandendriessche

Mandate

Active

Ended mandates

Robert Vandendriessche

Manager · since 29 mars 2017

Ended

Hendrik Vandendriessche

Manager · since 07 novembre 2008

Ended

Christoph Vanneste

Director

Ended

Hendrik Vandendriessche

Manager · until 29 mars 2017

Ended

At this address

Other companies at this address

Company	CBE no.
E2Grid● Active	0835.857.116
MiKaVerde● Active	0885.224.671

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	01/01/2024	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	28/04/2026	30/04/2025	05/04/2024	02/05/2023	02/05/2022	30/06/2021
General meeting	26/04/2026	30/04/2025	05/04/2024	29/04/2023	30/04/2022	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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/04/2026	28/04/2026	Dutch	PDF
Micro model	31/12/2024	30/04/2025	30/04/2025	Dutch	PDF
Micro model	31/12/2023	05/04/2024	05/04/2024	Dutch	PDF
Micro model	31/12/2022	29/04/2023	02/05/2023	Dutch	PDF
Micro model	31/12/2021	30/04/2022	02/05/2022	Dutch	PDF
Micro model	31/12/2020	31/05/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	25/04/2020	29/04/2020	Dutch	PDF
Micro model	31/12/2018	10/03/2019	12/03/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	19/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	19/02/2016	28/02/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	12/05/2014	22/05/2014	Dutch	PDF
Abridged model	31/12/2012	11/03/2013	13/03/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	04/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/04/2011	09/05/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	18/06/2010	Dutch	PDF
Abridged model	31/12/2008	25/04/2009	16/05/2009	Dutch	PDF
Abridged model	31/12/2007	28/04/2008	30/04/2008	Dutch	PDF
Abridged model	31/12/2006	21/05/2007	24/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 8 ended

Active mandates

Robert Vandendriessche

Mandate

Active

Ended mandates

Robert Vandendriessche

Manager · since 29 mars 2017

Ended

Hendrik Vandendriessche

Manager · since 07 novembre 2008

Ended

Christoph Vanneste

Director

Ended

Hendrik Vandendriessche

Manager · until 29 mars 2017

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/05/2017
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/08/2014
BENAMING - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring18/06/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Other12/03/2012
DIVERSEN
PDF
Mandates24/11/2008
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates02/06/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/01/2003
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 202543,6 k €↑
2024
Annual accounts 202433,9 k €↑
2023
Annual accounts 202320,5 k €↓
2022
Annual accounts 202244,2 k €↑
2021
Annual accounts 202132,6 k €↑
2020
Annual accounts 202019 k €↓
2019
Annual accounts 201924,3 k €↑
2018
Annual accounts 201823,4 k €↑
2017
Annual accounts 201720,6 k €↓
2016
Annual accounts 201627,1 k €↓
2015
Annual accounts 201533,8 k €↑
2014
Annual accounts 2014-14,7 k €↓
2013
Annual accounts 2013-12,8 k €↓
2012
Annual accounts 201246,8 k €↓
2011
Annual accounts 2011161,3 k €↑
2010
Annual accounts 201060,3 k €↑
2009
Annual accounts 200916,5 k €↑
2008
Annual accounts 20084,3 k €↓
2007
Annual accounts 200730,5 k €↑
2006
Annual accounts 200627,9 k €
29/12/2000
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

KINVAN

Overview

What does KINVAN 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