ACTIVE

KIM'S CHOCOLATES

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Financial year 2025 · closed on 30/06/2025

Net result

56 k €

-98.7% YoY

Revenue

114,1 M €

+9.2% YoY

Equity

12 M €

-15.0% YoY

Workforce

160,2 ETP

-2.0% YoY

What does KIM'S CHOCOLATES do?

KIM'S CHOCOLATES is a Public limited company incorporated in 2003. Its main activity is: Manufacture of cocoa, chocolate and sugar confectionery. Its registered office is in Tienen. It employs on average 160,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.966.787

Incorporation

09/04/2003

Legal form

Public limited company

Registered office

Grijpenlaan 11
3300 Tienen · FlandreSee on map

Contributed capital

1 500 000,00 €

Latest accounts

30/06/2025

Average workforce

160,2 ETP

Activities (NACE)

10820Manufacture of cocoa, chocolate and sugar confectionery· main 10820Manufacture of cocoa, chocolate and sugar confectionery 15840Manufacture of leather and related products

Joint committees (2)

118.14
220.00

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 11 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015
Income statement
Revenue	114,1 M €	+9.2%	104,5 M €	+21.3%	86,2 M €	+10.5%	78 M €	-1.7%	79,3 M €	+11.8%	71 M €	+22.8%	57,8 M €	+1.1%	57,1 M €	+4.8%	54,5 M €	+17.4%	46,4 M €	+21.7%	38,2 M €
EBITDA	2,3 M €	-67.3%	7,2 M €	+22.3%	5,8 M €	-14.8%	6,9 M €	-13.6%	7,9 M €	+61.8%	4,9 M €	+37.7%	3,6 M €	+97.0%	1,8 M €	-62.8%	4,9 M €	+71.6%	2,8 M €	+858%	-374,3 k €
Operating result	794,9 k €	-85.9%	5,6 M €	+24.0%	4,5 M €	-19.6%	5,7 M €	-16.4%	6,8 M €	+74.9%	3,9 M €	+60.0%	2,4 M €	+296%	610,7 k €	-81.3%	3,3 M €	+124%	1,5 M €	+191%	-1,6 M €
Net result	56 k €	-98.7%	4,2 M €	+17.6%	3,5 M €	-10.2%	3,9 M €	-20.4%	4,9 M €	+113%	2,3 M €	+54.5%	1,5 M €	+1219%	113,8 k €	-95.8%	2,7 M €	+150%	1,1 M €	+184%	-1,3 M €
Balance sheet
Equity	12 M €	-15.0%	14,1 M €	-12.7%	16,1 M €	+28.0%	12,6 M €	+18.1%	10,7 M €	+47.6%	7,2 M €	+47.3%	4,9 M €	+43.8%	3,4 M €	+2.9%	3,3 M €	+301%	825 k €	+445%	-239,3 k €
Total assets	38,8 M €	+13.1%	34,3 M €	+6.1%	32,3 M €	+16.2%	27,8 M €	-6.1%	29,6 M €	+23.0%	24,1 M €	+15.3%	20,9 M €	-2.4%	21,4 M €	+9.5%	19,5 M €	-0.0%	19,5 M €	+6.8%	18,3 M €
Cash	1,4 M €	+7.1%	1,3 M €	-53.5%	2,8 M €	+53.6%	1,8 M €	+131%	781,3 k €	-56.9%	1,8 M €	+37.3%	1,3 M €	+158%	510,8 k €	-24.7%	678,4 k €	+23.4%	549,9 k €	+121%	249,3 k €
Debts	26,4 M €	+32.4%	20 M €	+25.1%	15,9 M €	+7.4%	14,8 M €	-20.4%	18,7 M €	+12.8%	16,5 M €	+5.1%	15,7 M €	-11.2%	17,7 M €	+11.0%	16 M €	-13.5%	18,5 M €	+0.4%	18,4 M €
Other
Workforce	160,2 ETP	-2.0%	163,4 ETP	-1.8%	166,4 ETP	+1.0%	164,7 ETP	-3.2%	170,1 ETP	-0.7%	171,3 ETP	+9.1%	157,0 ETP	+3.7%	151,4 ETP	+7.9%	140,3 ETP	+12.7%	124,5 ETP	+3.8%	120,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 12 ended

Active mandates

Fred Windel

Managing director · since 30 septembre 2024 · until 30 septembre 2030

Active

Windel Group Beteiligungs

Director · since 30 septembre 2024 · until 30 septembre 2030

Represented by Solveig Windel

Active

KIM's Immo

Managing director · since 11 juillet 2023 · until 30 septembre 2024 · 0886.242.775

Represented by Solveig Windel

Active

Windel Group Beteiligungs

Director · since 11 juillet 2023 · until 30 septembre 2024

Represented by Solveig Windel

Active

Fred Windel

Managing director · since 26 novembre 2021 · until 30 septembre 2024

Active

Ended mandates

KIM's Immo

Managing director · since 11 juillet 2023 · until 26 novembre 2027 · 0886.242.775

Represented by Solveig Windel

Ended

Windel Group Beteiligungs

Director · since 11 juillet 2023 · until 24 novembre 2028

Represented by Oliver Santelli

Ended

Fred Windel

Managing director · since 26 novembre 2021 · until 26 novembre 2027

Ended

KIM's Immo

Managing director · since 26 novembre 2021 · until 11 juillet 2023 · 0886.242.775

Represented by Egidius Alfons Maex

Ended

At this address

Other companies at this address

Company	CBE no.
KIM's Immo● Active	0886.242.775
vzw Doe Groep K.C.T.● Active	0826.407.138

Annual accounts

Full financial information

	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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/12/2025	06/12/2024	23/12/2023	23/12/2022	14/12/2021	24/12/2020
General meeting	28/11/2025	29/11/2024	24/11/2023	25/11/2022	26/11/2021	27/11/2020
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
Full model	30/06/2025	28/11/2025	05/12/2025	Dutch	PDF
Full model	30/06/2024	29/11/2024	06/12/2024	Dutch	PDF
Full model	30/06/2023	24/11/2023	23/12/2023	Dutch	PDF
Full model	30/06/2022	25/11/2022	23/12/2022	Dutch	PDF
Full model	30/06/2021	26/11/2021	14/12/2021	Dutch	PDF
Full model	30/06/2020	27/11/2020	24/12/2020	Dutch	PDF
Full model	30/06/2019	29/11/2019	13/12/2019	Dutch	PDF
Full model	30/06/2018	30/11/2018	13/12/2018	Dutch	PDF
Full model	30/06/2017	24/11/2017	06/12/2017	Dutch	PDF
Full model	30/06/2016	25/11/2016	12/12/2016	Dutch	PDF
Full model	30/06/2015	27/11/2015	17/12/2015	Dutch	PDF
Full model	30/06/2014	28/11/2014	19/12/2014	Dutch	PDF
Full model	30/06/2013	29/11/2013	04/12/2013	Dutch	PDF
Full model	30/06/2012	30/11/2012	10/12/2012	Dutch	PDF
Full model	30/06/2011	25/11/2011	09/12/2011	Dutch	PDF
Full model	30/06/2010	26/11/2010	21/12/2010	Dutch	PDF
Full model	30/06/2009	27/11/2009	22/12/2009	Dutch	PDF
Full model	30/06/2008	28/11/2008	30/12/2008	Dutch	PDF
Full model	30/06/2007	30/11/2007	04/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 5 active · 12 ended

Active mandates

Fred Windel

Managing director · since 30 septembre 2024 · until 30 septembre 2030

Active

Windel Group Beteiligungs

Director · since 30 septembre 2024 · until 30 septembre 2030

Represented by Solveig Windel

Active

KIM's Immo

Managing director · since 11 juillet 2023 · until 30 septembre 2024 · 0886.242.775

Represented by Solveig Windel

Active

Windel Group Beteiligungs

Director · since 11 juillet 2023 · until 30 septembre 2024

Represented by Solveig Windel

Active

Fred Windel

Managing director · since 26 novembre 2021 · until 30 septembre 2024

Active

Ended mandates

KIM's Immo

Managing director · since 11 juillet 2023 · until 26 novembre 2027 · 0886.242.775

Represented by Solveig Windel

Ended

Windel Group Beteiligungs

Director · since 11 juillet 2023 · until 24 novembre 2028

Represented by Oliver Santelli

Ended

Fred Windel

Managing director · since 26 novembre 2021 · until 26 novembre 2027

Ended

KIM's Immo

Managing director · since 26 novembre 2021 · until 11 juillet 2023 · 0886.242.775

Represented by Egidius Alfons Maex

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/02/2014
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 202556 k €↓
2024
Annual accounts 20244,2 M €↑
2023
Annual accounts 20233,5 M €↓
2022
Annual accounts 20223,9 M €↓
2021
Annual accounts 20214,9 M €↑
2020
Annual accounts 20202,3 M €↑
2019
Annual accounts 20191,5 M €↑
2018
Annual accounts 2018113,8 k €↓
2017
Annual accounts 20172,7 M €↑
2016
Annual accounts 20161,1 M €↑
2015
Annual accounts 2015-1,3 M €
09/04/2003
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

KIM'S CHOCOLATES

Overview

What does KIM'S CHOCOLATES do?

Trend over 11 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