ACTIVE

KIA Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result-3,2 M €-133,9 %over 1 year

Revenue475,1 M €-17,8 %over 1 year

Equity48,1 M €-6,3 %over 1 year

Workforce62,5 ETP+6,3 %over 1 year

Identity

Source · BCE/KBO

KIA Belgium is a Public limited company incorporated in 2002. Its registered office is in Zaventem. It employs on average 62,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0477.443.106
Incorporation: 30/04/2002
Legal form: Public limited company
Registered office: Ikaroslaan 33
1930 Zaventem · FlandreSee on map
Contributed capital: 12 093 000,00 €
Latest accounts: 31/12/2025
Average workforce: 62,5 ETP

Joint committees (3)

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	475,1 M €	-17.8%	578 M €	-0.3%	580 M €	+48.8%	389,9 M €	+31.5%	296,6 M €
EBITDA	-590,8 k €	-104%	15,8 M €	-33.7%	23,8 M €	+14.7%	20,8 M €	+428%	3,9 M €
Operating result	-3,6 M €	-131%	11,7 M €	-49.5%	23,1 M €	+29.1%	17,9 M €	+562%	2,7 M €
Net result	-3,2 M €	-134%	9,5 M €	-46.8%	17,9 M €	+35.1%	13,3 M €	+630%	1,8 M €
Balance sheet
Equity	48,1 M €	-6.3%	51,3 M €	+22.8%	41,8 M €	+75.1%	23,9 M €	+24.0%	19,2 M €
Total assets	130,4 M €	-3.7%	135,4 M €	+6.7%	126,9 M €	+1.4%	125,1 M €	+27.9%	97,8 M €
Cash	2,6 k €	-66.7%	7,8 k €	+525%	1,2 k €	-99.6%	324 k €	-14.3%	378 k €
Debts	73,8 M €	-4.6%	77,4 M €	-2.4%	79,3 M €	-17.3%	96 M €	+25.9%	76,2 M €
Other
Workforce	62,5 ETP	+6.3%	58,8 ETP	+10.3%	53,3 ETP	+13.4%	47,0 ETP	-6.2%	50,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 27 ended

Active mandates

Lionel GOYEAU

Director · since 03 mars 2025 · until 03 mars 2031

Active

Olivier GELAS

Director · since 03 mars 2025 · until 03 mars 2031

Active

Kwang Hyuk KIM

Director · since 01 septembre 2022 · until 01 septembre 2028

Active

Ended mandates

Lionel GOYEAU

Director · since 03 mars 2025

Ended

Olivier GELAS

Director · since 03 mars 2025

Ended

Hwasu LEE

Director · since 26 décembre 2022 · until 26 décembre 2025

Ended

Kwang Hyuk KIM

Director · since 01 septembre 2022 · until 01 septembre 2025

Ended

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	23/04/2026	05/06/2025	08/05/2024	05/06/2023	21/10/2022	19/04/2021
General meeting	17/04/2026	09/05/2025	12/04/2024	12/05/2023	01/04/2022	25/03/2021
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, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/04/2026	23/04/2026	Dutch	PDF
Full model	31/12/2024	09/05/2025	05/06/2025	Dutch	PDF
Full model	31/12/2023	12/04/2024	08/05/2024	Dutch	PDF
Full model	31/12/2022	12/05/2023	05/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	01/04/2022	21/10/2022	Dutch	PDF
Full model	31/12/2021	01/04/2022	26/04/2022	Dutch	PDF
Full model	31/12/2020	25/03/2021	19/04/2021	Dutch	PDF
Full model	31/12/2019	26/03/2020	30/04/2020	Dutch	PDF
Full model	31/12/2018	21/03/2019	09/04/2019	Dutch	PDF
Full model	31/12/2017	22/03/2018	31/05/2018	Dutch	PDF
Full model	31/12/2016	23/03/2017	19/04/2017	Dutch	PDF
Full model	31/12/2015	31/03/2016	20/04/2016	Dutch	PDF
Full model	31/12/2014	27/02/2015	30/03/2015	Dutch	PDF
Full model	31/12/2013	31/03/2014	29/04/2014	Dutch	PDF
Full model	31/12/2012	29/03/2013	24/04/2013	Dutch	PDF
Full model	31/12/2011	30/03/2012	10/05/2012	Dutch	PDF
Full model	31/12/2010	08/06/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	14/05/2010	22/06/2010	Dutch	PDF
Full model	31/12/2008	10/11/2009	12/11/2009	Dutch	PDF
Full model	31/12/2007	28/05/2009	10/07/2009	Dutch	PDF
Full model	31/12/2006	20/06/2007	25/07/2007	Dutch	PDF
Full model	31/12/2005	16/02/2007	09/08/2007	Dutch	PDF
Full model	31/12/2004	13/05/2005	25/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 27 ended

Active mandates

Lionel GOYEAU

Director · since 03 mars 2025 · until 03 mars 2031

Active

Olivier GELAS

Director · since 03 mars 2025 · until 03 mars 2031

Active

Kwang Hyuk KIM

Director · since 01 septembre 2022 · until 01 septembre 2028

Active

Ended mandates

Lionel GOYEAU

Director · since 03 mars 2025

Ended

Olivier GELAS

Director · since 03 mars 2025

Ended

Hwasu LEE

Director · since 26 décembre 2022 · until 26 décembre 2025

Ended

Kwang Hyuk KIM

Director · since 01 septembre 2022 · until 01 septembre 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates02/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office15/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
PDF
Other17/05/2023
DOEL
PDF
Mandates06/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other26/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL
PDF
Mandates17/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2020
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-3,2 M €↓
03/03/2025
nominationLionel Goyeau — bestuurder
03/03/2025
nominationOlivier Gelas — bestuurder
2024
Annual accounts 20249,5 M €↓
2023
Annual accounts 202317,9 M €↑
12/05/2023
nominationÖmer Turna — commissaris
2022
Annual accounts 202213,3 M €↑
26/12/2022
nominationHwa Su Lee — bestuurder
01/09/2022
nominationKwang Hyuk Kim — bestuurder
2021
Annual accounts 20211,8 M €↑
2020
Annual accounts 20201,6 M €↓
2019
Annual accounts 20192,2 M €↑
2018
Annual accounts 20182,2 M €↑
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 2016-6,4 M €↓
2015
Annual accounts 2015113,8 k €↓
2014
Annual accounts 20142,7 M €↑
2013
Annual accounts 20131,3 M €↓
2012
Annual accounts 201234 M €↑
2011
Annual accounts 20118,6 M €↓
2010
Annual accounts 201026,4 M €↑
2009
Annual accounts 2009-23,2 M €↓
2008
Annual accounts 2008-9,6 M €
30/04/2002
IncorporationPublic limited company

KIA Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

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

Timeline