ACTIVE

KEUST

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

1 k €

-99.5% YoY

Gross margin

578,2 k €

-26.1% YoY

Equity

380,9 k €

+0.3% YoY

Workforce

8,7 ETP

-12.1% YoY

What does KEUST do?

KEUST is a Private limited company incorporated in 2012. Its registered office is in Rijkevorsel. It employs on average 8,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0501.922.540

Incorporation

05/12/2012

Legal form

Private limited company

Registered office

Helhoekweg 33
2310 Rijkevorsel · FlandreSee on map

Contributed capital

10 000,00 €

Latest accounts

31/12/2025

Average workforce

8,7 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	578,2 k €	-26.1%	782,4 k €	-13.7%	906,5 k €	+9.1%	830,7 k €	+17.9%	704,4 k €	+26.6%	556,3 k €	+18.5%	469,6 k €	+49.6%	313,9 k €	+25.0%	251 k €	+1.4%	247,7 k €	+11.8%	221,6 k €	+6.0%	209,1 k €	+9.2%	191,5 k €
EBITDA	109,6 k €	-64.5%	308,4 k €	-29.7%	438,6 k €	+17.7%	372,7 k €	+33.0%	280,3 k €	+40.2%	199,9 k €	+29.3%	154,6 k €	+83.1%	84,5 k €	+11.3%	75,9 k €	-28.3%	105,9 k €	+13.3%	93,5 k €	+13.6%	82,3 k €	+8.4%	75,9 k €
Operating result	12 k €	-94.4%	212,9 k €	-36.8%	336,7 k €	+13.5%	296,6 k €	+43.1%	207,3 k €	+46.5%	141,4 k €	+39.2%	101,6 k €	+117%	46,9 k €	+72.1%	27,2 k €	-44.0%	48,7 k €	+14.8%	42,4 k €	+17.8%	36 k €	+93.8%	18,6 k €
Net result	1 k €	-99.5%	203,6 k €	-38.5%	330,8 k €	+11.7%	296,2 k €	+90.9%	155,2 k €	+47.9%	105 k €	+33.7%	78,5 k €	+134%	33,5 k €	+102%	16,6 k €	-39.0%	27,2 k €	-2.4%	27,8 k €	+4.9%	26,5 k €	+139%	11,1 k €
Balance sheet
Equity	380,9 k €	+0.3%	379,9 k €	+20.1%	316,4 k €	+38.3%	228,7 k €	-50.4%	461,2 k €	+39.3%	331 k €	+46.4%	226 k €	+53.2%	147,6 k €	+29.4%	114,1 k €	+17.0%	97,5 k €	+38.6%	70,4 k €	+65.3%	42,6 k €	+102%	21,1 k €
Total assets	729 k €	-13.6%	843,5 k €	-4.5%	883,4 k €	-6.1%	940,6 k €	+28.6%	731,5 k €	+24.9%	585,5 k €	+38.2%	423,7 k €	+60.1%	264,7 k €	+9.7%	241,2 k €	-4.4%	252,3 k €	+1.1%	249,6 k €	+22.0%	204,5 k €	-2.4%	209,7 k €
Cash	255,9 k €	-30.0%	365,7 k €	+9.4%	334,4 k €	-11.3%	377 k €	+41.6%	266,2 k €	+45.9%	182,5 k €	+28.9%	141,6 k €	+94.2%	72,9 k €	+11.0%	65,7 k €	-19.6%	81,8 k €	-4.4%	85,5 k €	+20.4%	71 k €	+55.1%	45,8 k €
Debts	345,7 k €	-25.2%	462,2 k €	-18.5%	567 k €	-20.3%	711,9 k €	+163%	270,3 k €	+6.2%	254,5 k €	+28.7%	197,6 k €	+68.7%	117,1 k €	-7.9%	127,1 k €	-17.8%	154,8 k €	-13.6%	179,2 k €	+10.6%	162 k €	-14.1%	188,6 k €
Other
Workforce	8,7 ETP	-12.1%	9,9 ETP	-8.3%	10,8 ETP	+9.1%	9,9 ETP	0.0%	9,9 ETP	+16.5%	8,5 ETP	+14.9%	7,4 ETP	+42.3%	5,2 ETP	+15.6%	4,5 ETP	+18.4%	3,8 ETP	+31.0%	2,9 ETP	-9.4%	3,2 ETP	-3.0%	3,3 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 31/12/2025 · 1 active · 6 ended

Active mandates

FARAS

Director · 0788.821.024

Represented by Schrijvers SEPPE

Active

Ended mandates

Wobri Invest

Director · since 01 septembre 2022 · 0643.767.521

Ended

Chris Verbraken

Manager · since 05 décembre 2012 · until 01 septembre 2022

Ended

Chris Verbraken

Manager · since 05 décembre 2012

Ended

Ilse Mertens

Manager · since 05 décembre 2012 · until 01 septembre 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/07/2026	31/07/2025	29/07/2024	29/07/2023	26/07/2022	15/07/2021
General meeting	30/06/2026	30/06/2025	28/06/2024	30/06/2023	24/06/2022	30/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	29/07/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	26/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	15/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	28/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	22/06/2018	01/07/2018	Dutch	PDF
Abridged model	31/12/2016	23/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	09/07/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	05/07/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	02/07/2014	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 31/12/2025 · 1 active · 6 ended

Active mandates

FARAS

Director · 0788.821.024

Represented by Schrijvers SEPPE

Active

Ended mandates

Wobri Invest

Director · since 01 septembre 2022 · 0643.767.521

Ended

Chris Verbraken

Manager · since 05 décembre 2012 · until 01 septembre 2022

Ended

Chris Verbraken

Manager · since 05 décembre 2012

Ended

Ilse Mertens

Manager · since 05 décembre 2012 · until 01 septembre 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2024
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares10/07/2024
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates10/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other21/12/2012
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251 k €↓
2024
Annual accounts 2024203,6 k €↓
2024
Name changeKeust
2023
Annual accounts 2023330,8 k €↑
2022
Annual accounts 2022296,2 k €↑
2021
Annual accounts 2021155,2 k €↑
2021
Name changeVerbraken
2020
Annual accounts 2020105 k €↑
2019
Annual accounts 201978,5 k €↑
2018
Annual accounts 201833,5 k €↑
2017
Annual accounts 201716,6 k €↓
2016
Annual accounts 201627,2 k €↓
2015
Annual accounts 201527,8 k €↑
2014
Annual accounts 201426,5 k €↑
2013
Annual accounts 201311,1 k €
05/12/2012
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

KEUST

Overview

What does KEUST do?

Trend over 13 financial years

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