ACTIVE

Keminal

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Financial year 2025 · closed on 31/12/2025
Net result
-87,1 k €
-4650.4% YoY
Gross margin
33,7 k €
+34.5% YoY
Equity
-111,5 k €
-357.1% YoY

What does Keminal do?

Keminal is a Private limited company incorporated in 2014. Its main activity is: Manufacture of basic pharmaceutical products. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0505.720.485
Incorporation
26/11/2014
Legal form
Private limited company
Registered office
Ottergemsesteenweg-Zuid 808 box 543
9000 Gent · FlandreSee on map
Contributed capital
6 400,00 €
Latest accounts
31/12/2025
Activities (NACE)
21100Manufacture of basic pharmaceutical products· main21100Manufacture of basic pharmaceutical products20590Manufacture of other chemical products n.e.c.20590Manufacture of other chemical products n.e.c.
Signals
Good liquidityPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin33,7 k €25 k €19 k €18 k €5,1 k €16,1 k €-535,3 €-654 €4,6 k €2,9 k €-5,7 k €
EBITDA32,3 k €24,1 k €18,9 k €17,5 k €4,8 k €16 k €-1,1 k €-1,4 k €3,9 k €2,2 k €-6,6 k €
Operating result3,5 k €11,6 k €6,4 k €5 k €-4,3 k €15,7 k €-2,3 k €-20,6 k €-15,8 k €-2,1 k €-10,6 k €
Net result-87,1 k €1,9 k €5,7 k €4,4 k €-4,8 k €15,7 k €-2,3 k €-20,7 k €-16,4 k €-2,8 k €-11,6 k €
Balance sheet
Equity-111,5 k €-24,4 k €-26,3 k €-32 k €-36,4 k €-31,7 k €-47,4 k €-45,1 k €-24,4 k €-8 k €-5,2 k €
Total assets2 M €86,4 k €95,5 k €128,9 k €130,2 k €4,8 k €3,3 k €5,7 k €25,4 k €49,4 k €16,1 k €
Cash5,3 k €–4,2 k €1,6 k €126,4 €1,7 k €2,9 k €4,1 k €2,4 k €530 €543,4 €
Debts2,1 M €110,7 k €121,3 k €160,4 k €166 k €36 k €50,7 k €50,7 k €49,8 k €57,3 k €21,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Christophe Esquenet

Director

Active

Ended mandates

Christophe Esquenet

Manager

Ended
Wouter De Weirdt

Director

Ended
Wouter De Weirdt

Manager

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202627/08/202514/06/202425/07/202320/05/202208/04/2021
General meeting20/06/202621/06/202512/05/202417/06/202329/03/202222/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/06/202631/08/2026DutchPDF
Micro model31/12/202421/06/202527/08/2025DutchPDF
Micro model31/12/202312/05/202414/06/2024DutchPDF
Micro model31/12/202217/06/202325/07/2023DutchPDF
Micro model31/12/202129/03/202220/05/2022DutchPDF
Micro model31/12/202022/03/202108/04/2021DutchPDF
Micro model31/12/201920/06/202031/08/2020DutchPDF
Micro model31/12/201815/06/201929/08/2019DutchPDF
Micro model31/12/201716/06/201829/06/2018DutchPDF
Micro model31/12/201617/06/201722/06/2017DutchPDF
Abridged model31/12/201518/06/201624/06/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 3 ended

Active mandates

Christophe Esquenet

Director

Active

Ended mandates

Christophe Esquenet

Manager

Ended
Wouter De Weirdt

Director

Ended
Wouter De Weirdt

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office19/01/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office07/01/2021
    MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Other28/11/2014
    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

Timeline

  1. 2025
    Annual accounts 2025-87,1 k €↓
  2. 2024
    Annual accounts 20241,9 k €↓
  3. 2023
    Annual accounts 20235,7 k €↑
  4. 2022
    Annual accounts 20224,4 k €↑
  5. 2021
    Annual accounts 2021-4,8 k €↓
  6. 2020
    Annual accounts 202015,7 k €↑
  7. 2019
    Annual accounts 2019-2,3 k €↑
  8. 2018
    Annual accounts 2018-20,7 k €↓
  9. 2017
    Annual accounts 2017-16,4 k €↓
  10. 2016
    Annual accounts 2016-2,8 k €↑
  11. 2015
    Annual accounts 2015-11,6 k €
  12. 26/11/2014
    IncorporationPrivate limited company