ACTIVE

VAN KELST & CO

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Financial year 2025 · closed on 31/03/2025

Net result

141,7 k €

+260.4% YoY

Gross margin

211,5 k €

+85.2% YoY

Equity

115,7 k €

0.0% YoY

What does VAN KELST & CO do?

VAN KELST & CO is a Public limited company incorporated in 2003. Its registered office is in Landen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.801.887

Incorporation

19/03/2003

Legal form

Public limited company

Registered office

Eliksemstraat 26
3400 Landen · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	211,5 k €	+85.2%	114,2 k €	-44.5%	205,8 k €	+38.9%	148,1 k €	-10.4%	165,4 k €	-3.5%	171,3 k €	-30.9%	247,8 k €	-0.7%	249,6 k €	+16.3%	214,6 k €	-8.2%	233,9 k €	+25.3%	186,7 k €	-24.5%	247,3 k €	+349%	55 k €	-75.4%	223,8 k €	-5.1%	235,8 k €	+2.7%	229,6 k €	-24.4%	303,9 k €	+57.5%	192,9 k €	+54.1%	125,2 k €
EBITDA	142,7 k €	+256%	40,1 k €	-71.2%	139,5 k €	+78.4%	78,2 k €	-32.8%	116,4 k €	+22.8%	94,8 k €	-47.6%	181,2 k €	+6.3%	170,5 k €	+15.8%	147,3 k €	-17.5%	178,6 k €	+36.4%	131 k €	-32.0%	192,5 k €	+2307%	8 k €	-95.5%	177,2 k €	-9.7%	196,3 k €	+2.5%	191,4 k €	-28.0%	265,8 k €	+57.9%	168,4 k €	+35.3%	124,5 k €
Operating result	141,2 k €	+260%	39,3 k €	-71.8%	139,3 k €	+78.6%	78 k €	-33.0%	116,4 k €	+25.8%	92,6 k €	-48.3%	178,9 k €	+6.6%	167,8 k €	+16.2%	144,4 k €	-16.0%	172 k €	+37.2%	125,4 k €	-32.2%	185 k €	+17191%	1,1 k €	-99.4%	167,1 k €	-11.4%	188,5 k €	+5.5%	178,7 k €	-28.6%	250,2 k €	+70.7%	146,6 k €	+36.9%	107,1 k €
Net result	141,7 k €	+260%	39,3 k €	-71.7%	139,1 k €	+78.8%	77,8 k €	-33.1%	116,3 k €	+25.9%	92,4 k €	-48.3%	178,8 k €	+6.6%	167,7 k €	+16.2%	144,3 k €	-16.2%	172,3 k €	+37.1%	125,7 k €	-31.7%	184 k €	+5469%	3,3 k €	-97.8%	151,2 k €	-20.1%	189,4 k €	+7.5%	176,2 k €	-20.1%	220,5 k €	+53.4%	143,7 k €	+39.4%	103,1 k €
Balance sheet
Equity	115,7 k €	0.0%	115,7 k €	0.0%	115,7 k €	0.0%	115,7 k €	+0.7%	114,9 k €	+1.1%	113,6 k €	+1.2%	112,2 k €	-46.2%	208,4 k €	0.0%	208,4 k €	+1.1%	206,1 k €	+1.1%	203,7 k €	+2.9%	198 k €	+2.1%	194 k €	-22.6%	250,7 k €	+32.3%	189,5 k €	+13.4%	167,1 k €	-20.6%	210,5 k €	+29.4%	162,7 k €	+13.1%	143,8 k €
Total assets	303,6 k €	+47.0%	206,6 k €	-30.3%	296,6 k €	+18.3%	250,8 k €	-14.2%	292,4 k €	+19.0%	245,7 k €	-46.3%	457,7 k €	-0.2%	458,5 k €	+10.8%	413,8 k €	+7.3%	385,7 k €	-4.1%	402,2 k €	-8.0%	437,2 k €	+21.9%	358,6 k €	-27.4%	493,7 k €	-8.8%	541,5 k €	+23.1%	439,8 k €	-17.8%	534,9 k €	+48.3%	360,6 k €	+10.8%	325,6 k €
Cash	171,4 k €	+16.2%	147,5 k €	-25.9%	199,1 k €	+108%	95,9 k €	-37.6%	153,7 k €	+134%	65,7 k €	-74.3%	255,8 k €	+43.6%	178,2 k €	-23.2%	232 k €	+26.0%	184,1 k €	+2.0%	180,6 k €	-18.2%	220,6 k €	+92.6%	114,6 k €	-61.5%	297,6 k €	+37.9%	215,8 k €	+118%	98,9 k €	-17.5%	119,8 k €	-12.3%	136,7 k €	+22.9%	111,2 k €
Debts	177,3 k €	+99.2%	89 k €	-49.0%	174,6 k €	+40.4%	124,4 k €	-24.7%	165,2 k €	+30.6%	126,5 k €	-63.2%	343,9 k €	+38.4%	248,4 k €	+24.3%	199,8 k €	+12.3%	177,9 k €	+6.4%	167,2 k €	-23.5%	218,4 k €	+47.3%	148,3 k €	-26.8%	202,5 k €	-40.9%	342,9 k €	+25.7%	272,8 k €	-15.9%	324,5 k €	+63.9%	198 k €	+8.9%	181,8 k €
Other
Workforce	–		–		–		1,3 ETP	-27.8%	1,8 ETP	0.0%	1,8 ETP	+5.9%	1,7 ETP	-10.5%	1,9 ETP	+18.7%	1,6 ETP	+45.5%	1,1 ETP	+10.0%	1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP	+11.1%	0,9 ETP	0.0%	0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	+42.9%	0,7 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 31/03/2025 · 1 active · 23 ended

Active mandates

Philip Maria Van Kelst

Manager

Active

Ended mandates

TINE DELORGE

Director · since 01 août 2021 · 0641.911.257

Represented by Tine Delorge

Ended

FYR

Director · since 31 octobre 2015 · until 31 octobre 2021 · 0834.343.223

Represented by Pieter Lichtert

Ended

FYR

Director · since 31 octobre 2015 · until 31 octobre 2021 · 0834.343.223

Represented by Pieter Lichtert

Ended

KHEIRON INVEST

Managing director · since 31 octobre 2015 · until 31 octobre 2021 · 0459.437.233

Represented by Philip Van Kelst

Ended

At this address

Other companies at this address

Company	CBE no.
De Meandering● Active	0789.747.175
GROEP PK● Active	0826.192.748
Kasteelhoeve Wange● Active	0824.971.043
KHEIRON● Active	0824.972.924
KHEIRON INVEST● Active	0459.437.233
L&M Horizon● Active	1040.329.255

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/09/2025	25/10/2024	25/09/2023	26/09/2022	22/10/2021	25/09/2020
General meeting	25/09/2025	12/09/2024	14/09/2023	22/09/2022	23/09/2021	24/09/2020
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	31/03/2025	25/09/2025	29/09/2025	Dutch	PDF
Micro model	31/03/2024	12/09/2024	25/10/2024	Dutch	PDF
Micro model	31/03/2023	14/09/2023	25/09/2023	Dutch	PDF
Abridged model	31/03/2022	22/09/2022	26/09/2022	Dutch	PDF
Abridged model	31/03/2021	23/09/2021	22/10/2021	Dutch	PDF
Abridged model	31/03/2020	24/09/2020	25/09/2020	Dutch	PDF
Abridged model	31/03/2019	26/09/2019	27/09/2019	Dutch	PDF
Abridged model	31/03/2018	27/09/2018	28/09/2018	Dutch	PDF
Abridged model	31/03/2017	28/09/2017	12/10/2017	Dutch	PDF
Abridged model	31/03/2016	22/09/2016	03/10/2016	Dutch	PDF
Abridged model	31/03/2015	24/09/2015	28/09/2015	Dutch	PDF
Abridged model	31/03/2014	25/09/2014	21/10/2014	Dutch	PDF
Abridged model	31/03/2013	26/09/2013	21/10/2013	Dutch	PDF
Abridged model	31/03/2012	28/09/2012	22/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	28/10/2011	Dutch	PDF
Abridged model	31/03/2010	30/09/2010	22/10/2010	Dutch	PDF
Abridged model	31/03/2009	10/09/2009	28/09/2009	Dutch	PDF
Abridged model	31/03/2008	15/09/2008	29/09/2008	Dutch	PDF
Abridged model	31/03/2007	13/09/2007	24/10/2007	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 31/03/2025 · 1 active · 23 ended

Active mandates

Philip Maria Van Kelst

Manager

Active

Ended mandates

TINE DELORGE

Director · since 01 août 2021 · 0641.911.257

Represented by Tine Delorge

Ended

FYR

Director · since 31 octobre 2015 · until 31 octobre 2021 · 0834.343.223

Represented by Pieter Lichtert

Ended

FYR

Director · since 31 octobre 2015 · until 31 octobre 2021 · 0834.343.223

Represented by Pieter Lichtert

Ended

KHEIRON INVEST

Managing director · since 31 octobre 2015 · until 31 octobre 2021 · 0459.437.233

Represented by Philip Van Kelst

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other09/07/2026
—
PDF
Mandates15/07/2022
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/10/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/09/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates02/02/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2009
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 2025141,7 k €↑
2024
Annual accounts 202439,3 k €↓
2023
Annual accounts 2023139,1 k €↑
2022
Annual accounts 202277,8 k €↓
2021
Annual accounts 2021116,3 k €↑
2020
Annual accounts 202092,4 k €↓
2019
Annual accounts 2019178,8 k €↑
2018
Annual accounts 2018167,7 k €↑
2017
Annual accounts 2017144,3 k €↓
2016
Annual accounts 2016172,3 k €↑
2015
Annual accounts 2015125,7 k €↓
2014
Annual accounts 2014184 k €↑
2013
Annual accounts 20133,3 k €↓
2012
Annual accounts 2012151,2 k €↓
2011
Annual accounts 2011189,4 k €↑
2010
Annual accounts 2010176,2 k €↓
2009
Annual accounts 2009220,5 k €↑
2008
Annual accounts 2008143,7 k €↑
2007
Annual accounts 2007103,1 k €
19/03/2003
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

VAN KELST & CO

Overview

What does VAN KELST & CO do?

Trend over 19 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