ACTIVE

KVNL

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Financial year 2025 · closed on 31/12/2025

Net result

56,3 k €

-9.8% YoY

Gross margin

619,7 k €

-2.1% YoY

Equity

2,8 M €

+2.0% YoY

Workforce

17,3 ETP

+8.8% YoY

What does KVNL do?

KVNL is a Private limited company incorporated in 2014. Its main activity is: Activities of holding companies. Its registered office is in Mortsel. It employs on average 17,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0505.986.642

Incorporation

01/12/2014

Legal form

Private limited company

Registered office

Vredebaan 73
2640 Mortsel · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2025

Average workforce

17,3 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 93210Activities of amusement parks and theme parks 93212Activities of amusement parks and theme parks 70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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
Gross margin	619,7 k €	-2.1%	633 k €	-0.9%	638,9 k €	+69.4%	377,2 k €	+188%	131,2 k €	-22.5%	169,2 k €	-73.5%	639,1 k €	-7.1%	688,3 k €	-1.5%	698,7 k €	+0.2%	697,3 k €	+984%	-78,9 k €
EBITDA	327,8 k €	-7.3%	353,8 k €	-3.8%	367,6 k €	+122%	165,4 k €	+344%	37,2 k €	-47.1%	70,4 k €	-78.6%	329 k €	-13.8%	381,7 k €	+14.3%	333,8 k €	-9.1%	367,1 k €	+386%	-128,4 k €
Operating result	121,6 k €	-19.2%	150,4 k €	-10.0%	167,2 k €	+579%	-34,9 k €	+78.6%	-163,5 k €	+5.7%	-173,4 k €	-551%	38,5 k €	-58.5%	92,7 k €	+54.8%	59,9 k €	+2.2%	58,6 k €	+146%	-128,4 k €
Net result	56,3 k €	-9.8%	62,4 k €	-22.8%	80,8 k €	+206%	-76,6 k €	+62.5%	-204,3 k €	+3.4%	-211,5 k €	-55916%	378,9 €	-99.3%	56,1 k €	+102%	27,8 k €	+80.2%	15,4 k €	+110%	-151 k €
Balance sheet
Equity	2,8 M €	+2.0%	2,8 M €	+2.3%	2,7 M €	+3.1%	2,6 M €	+397%	532,9 k €	-27.7%	737,2 k €	-22.3%	948,7 k €	+0.0%	948,3 k €	+6.3%	892,2 k €	+3.2%	864,4 k €	+17.8%	734 k €
Total assets	4,5 M €	-3.3%	4,6 M €	-2.7%	4,7 M €	-5.5%	5 M €	+65.2%	3 M €	-7.3%	3,3 M €	-6.2%	3,5 M €	-1.0%	3,5 M €	+1.0%	3,5 M €	-6.5%	3,7 M €	+7.6%	3,5 M €
Cash	103,5 k €	+20.8%	85,6 k €	+5.5%	81,2 k €	-50.7%	164,7 k €	-9.0%	181 k €	+415%	35,1 k €	+17.8%	29,8 k €	-85.8%	210,1 k €	+539%	32,9 k €	+89.8%	17,3 k €	-48.1%	33,4 k €
Debts	1,6 M €	-11.3%	1,8 M €	-9.3%	2 M €	-15.2%	2,4 M €	-4.4%	2,5 M €	-1.2%	2,5 M €	-0.2%	2,5 M €	-1.9%	2,6 M €	-1.4%	2,6 M €	-9.3%	2,9 M €	+4.8%	2,7 M €
Other
Workforce	17,3 ETP	+8.8%	15,9 ETP	+18.7%	13,4 ETP	+4.7%	12,8 ETP	+276%	3,4 ETP	-8.1%	3,7 ETP	-55.4%	8,3 ETP	-65.6%	24,1 ETP	+12.6%	21,4 ETP	+17.6%	18,2 ETP	+911%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

EMMASO

Director · since 05 décembre 2023 · 0835.024.696

Represented by Katrien Valcke

Active

PENELESI

Director · since 05 décembre 2023 · 0507.831.820

Represented by Dominique Letestu

Active

Ended mandates

KVNL

Director · since 01 décembre 2015 · 0505.986.642

Ended

KVNL

Manager · since 01 décembre 2015 · 0505.986.642

Ended

KVNL

Director · since 01 décembre 2015 · 0505.986.642

Ended

KVNL

Manager · since 01 décembre 2015 · 0505.986.642

Represented by Katrien VALCKE

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	31/08/2026	09/09/2025	30/09/2024	30/08/2023	03/08/2022	12/05/2021
General meeting	30/06/2026	30/06/2025	29/06/2024	30/06/2023	30/06/2022	11/05/2021
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

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Filings

Annual accounts filings

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	09/09/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	30/09/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	30/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	03/08/2022	Dutch	PDF
Abridged model	31/12/2020	11/05/2021	12/05/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	27/10/2020	Dutch	PDF
Abridged model	31/12/2018	01/07/2019	20/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	19/08/2016	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 active · 11 ended

Active mandates

EMMASO

Director · since 05 décembre 2023 · 0835.024.696

Represented by Katrien Valcke

Active

PENELESI

Director · since 05 décembre 2023 · 0507.831.820

Represented by Dominique Letestu

Active

Ended mandates

KVNL

Director · since 01 décembre 2015 · 0505.986.642

Ended

KVNL

Manager · since 01 décembre 2015 · 0505.986.642

Ended

KVNL

Director · since 01 décembre 2015 · 0505.986.642

Ended

KVNL

Manager · since 01 décembre 2015 · 0505.986.642

Represented by Katrien VALCKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/10/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office24/03/2015
MAATSCHAPPELIJKE ZETEL - DIVERSEN
PDF
Mandates06/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other12/01/2015
DIVERSEN
PDF
Other16/12/2014
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

2025
Annual accounts 202556,3 k €↓
2024
Annual accounts 202462,4 k €↓
2023
Annual accounts 202380,8 k €↑
2022
Annual accounts 2022-76,6 k €↑
2021
Annual accounts 2021-204,3 k €↑
2020
Annual accounts 2020-211,5 k €↓
2019
Annual accounts 2019378,9 €↓
2018
Annual accounts 201856,1 k €↑
2017
Annual accounts 201727,8 k €↑
2016
Annual accounts 201615,4 k €↑
2015
Annual accounts 2015-151 k €
01/12/2014
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

KVNL

Overview

What does KVNL do?

Trend over 11 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