ACTIVE

KERMADI

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Financial year 2025 · closed on 30/06/2025

Net result

-151,7 k €

-117.2% YoY

Gross margin

-240,3 k €

-119.2% YoY

Equity

1,2 M €

-34.1% YoY

What does KERMADI do?

KERMADI is a Public limited company incorporated in 2002. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Asse.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.509.620

Incorporation

10/05/2002

Legal form

Public limited company

Registered office

Poverstraat 150
1731 Asse · FlandreSee on map

Contributed capital

312 000,00 €

Latest accounts

30/06/2025

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51872Air transport 46630Wholesale of mining, construction and civil engineering machinery 46630Wholesale of mining, construction and civil engineering machinery 51820Air transport

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-240,3 k €	-119%	1,3 M €	+496%	210,4 k €	-19.8%	262,2 k €	+96.1%	133,7 k €	-6.0%	142,3 k €	-19.3%	176,4 k €	+15.5%	152,7 k €	+15.5%	132,2 k €	+4.4%	126,7 k €	-17.1%	152,8 k €	+94.1%	78,7 k €	-28.3%	109,9 k €	+62.3%	67,7 k €	-52.7%	143 k €	-23.6%	187,1 k €	+78.4%	104,9 k €	+5.3%	99,6 k €
EBITDA	-244,5 k €	-120%	1,2 M €	+1126%	99,3 k €	-40.4%	166,7 k €	+130%	72,6 k €	+64.3%	44,2 k €	-9.0%	48,5 k €	+7.0%	45,4 k €	-29.3%	64,2 k €	+33.3%	48,1 k €	-36.4%	75,7 k €	+312%	18,4 k €	-61.4%	47,5 k €	+726%	5,7 k €	-93.3%	85,5 k €	-35.6%	132,7 k €	+140%	55,2 k €	+8.6%	50,8 k €
Operating result	-248,5 k €	-120%	1,2 M €	+1527%	74,7 k €	-46.6%	139,8 k €	+179%	50,2 k €	+130%	21,8 k €	+52.2%	14,3 k €	-15.6%	17 k €	-70.8%	58,2 k €	+42.3%	40,9 k €	-44.3%	73,5 k €	+702%	9,2 k €	-76.1%	38,3 k €	+13062%	-295,5 €	-100%	82,9 k €	-36.3%	130,1 k €	+149%	52,3 k €	+5.3%	49,7 k €
Net result	-151,7 k €	-117%	884,3 k €	+274%	-508,4 k €	-622%	97,5 k €	+213%	31,1 k €	+192%	10,7 k €	+4494%	232,2 €	-79.5%	1,1 k €	-99.7%	325,3 k €	+1578%	19,4 k €	-35.0%	29,8 k €	-70.5%	101,3 k €	+459%	18,1 k €	+203%	-17,5 k €	-149%	35,6 k €	-46.2%	66,1 k €	+344%	14,9 k €	+7.6%	13,8 k €
Balance sheet
Equity	1,2 M €	-34.1%	1,8 M €	+98.4%	898,6 k €	-36.1%	1,4 M €	+7.4%	1,3 M €	+2.0%	1,3 M €	+0.8%	1,3 M €	+0.0%	1,3 M €	+0.1%	1,3 M €	+28.9%	986,2 k €	+1.4%	972,8 k €	+2.5%	948,9 k €	+11.9%	847,7 k €	+1.6%	834,6 k €	-2.1%	852,1 k €	+4.4%	816,5 k €	+8.8%	750,5 k €	+2.0%	735,6 k €
Total assets	1,3 M €	-40.3%	2,1 M €	+104%	1 M €	-44.1%	1,8 M €	+1.0%	1,8 M €	-0.4%	1,8 M €	-6.3%	2 M €	+2.7%	1,9 M €	+8.2%	1,8 M €	+0.2%	1,8 M €	-3.4%	1,8 M €	-3.3%	1,9 M €	+5.0%	1,8 M €	-3.3%	1,9 M €	+0.4%	1,8 M €	-0.3%	1,9 M €	+1.7%	1,8 M €	+7.2%	1,7 M €
Cash	736 k €	+108%	354,5 k €	-23.4%	462,5 k €	+4829%	9,4 k €	-27.0%	12,8 k €	+298%	3,2 k €	-20.1%	4 k €	+104%	2 k €	+369%	423 €	-82.4%	2,4 k €	-96.3%	64,9 k €	+6787%	942 €	+114%	440,9 €	-94.5%	8 k €	+328%	1,9 k €	+124%	828,5 €	-98.7%	62,8 k €	+34.4%	46,7 k €
Debts	87,2 k €	+1437%	5,7 k €	-95.8%	136,3 k €	-68.3%	429,3 k €	-17.0%	517,4 k €	-6.8%	555,4 k €	-13.3%	640,4 k €	+7.8%	593,9 k €	+29.9%	457,1 k €	-38.7%	746,3 k €	-9.7%	826,9 k €	-11.7%	936 k €	-1.2%	947,4 k €	-7.2%	1 M €	+2.5%	996,8 k €	-4.0%	1 M €	-3.3%	1,1 M €	+11.2%	965,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 5 ended

Active mandates

Frieda Wauters

Director

Active

Geert Kerckhofs

Managing director

Active

Ended mandates

Frieda Wauters

Director · since 17 mai 2008 · until 17 mai 2014

Ended

Frieda Wauters

Managing director · since 17 mai 2008 · until 17 mai 2014

Ended

Aimé De Witte

Managing director · since 22 janvier 2007 · until 22 janvier 2013

Ended

Geert Kerckhofs

Managing director · since 22 janvier 2007 · until 22 janvier 2013

Ended

At this address

Other companies at this address

Company	CBE no.
CARBORAM● Active	0416.010.828

Annual accounts

Full financial information

	2025	2024	2023	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2024	01/07/2023	01/10/2021	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/09/2021	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	21 months	12 months	12 months	12 months
Filing date	30/01/2026	15/01/2025	20/12/2023	10/02/2022	01/04/2021	10/03/2020
General meeting	30/12/2025	30/12/2024	20/11/2023	18/01/2022	02/03/2021	06/03/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	30/12/2025	30/01/2026	Dutch	PDF
Micro model	30/06/2024	30/12/2024	15/01/2025	Dutch	PDF
Micro model	30/06/2023	20/11/2023	20/12/2023	Dutch	PDF
Micro model	30/09/2021	18/01/2022	10/02/2022	Dutch	PDF
Micro model	30/09/2020	02/03/2021	01/04/2021	Dutch	PDF
Micro model	30/09/2019	06/03/2020	10/03/2020	Dutch	PDF
Micro model	30/09/2018	31/03/2019	19/04/2019	Dutch	PDF
Micro model	30/09/2017	31/03/2018	29/04/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	22/03/2017	Dutch	PDF
Abridged model	30/09/2015	30/03/2016	23/04/2016	Dutch	PDF
Abridged model	30/09/2014	18/02/2015	26/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	05/04/2013	Dutch	PDF
Abridged model	30/09/2011	12/03/2012	20/03/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	01/06/2011	Dutch	PDF
Abridged model	30/09/2009	06/03/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	07/03/2009	31/03/2009	Dutch	PDF
Abridged model	30/09/2007	07/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	02/03/2007	15/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/06/2025 · 2 active · 5 ended

Active mandates

Frieda Wauters

Director

Active

Geert Kerckhofs

Managing director

Active

Ended mandates

Frieda Wauters

Director · since 17 mai 2008 · until 17 mai 2014

Ended

Frieda Wauters

Managing director · since 17 mai 2008 · until 17 mai 2014

Ended

Aimé De Witte

Managing director · since 22 janvier 2007 · until 22 janvier 2013

Ended

Geert Kerckhofs

Managing director · since 22 janvier 2007 · until 22 janvier 2013

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office13/04/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates20/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/04/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2008
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/04/2008
MAATSCHAPPELIJKE ZETEL
PDF
Mandates20/02/2007
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/09/2003
MAATSCHAPPELIJKE ZETEL
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 2025-151,7 k €↓
2024
Annual accounts 2024884,3 k €↑
2023
Annual accounts 2023-508,4 k €↓
2021
Annual accounts 202197,5 k €↑
2020
Annual accounts 202031,1 k €↑
2019
Annual accounts 201910,7 k €↑
2018
Annual accounts 2018232,2 €↓
2017
Annual accounts 20171,1 k €↓
2016
Annual accounts 2016325,3 k €↑
2015
Annual accounts 201519,4 k €↓
2014
Annual accounts 201429,8 k €↓
2013
Annual accounts 2013101,3 k €↑
2012
Annual accounts 201218,1 k €↑
2011
Annual accounts 2011-17,5 k €↓
2010
Annual accounts 201035,6 k €↓
2009
Annual accounts 200966,1 k €↑
2008
Annual accounts 200814,9 k €↑
2007
Annual accounts 200713,8 k €
10/05/2002
IncorporationPublic 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

KERMADI

Overview

What does KERMADI do?

Trend over 18 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