ACTIVE

KEELAL

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Financial year 2025 · closed on 31/12/2025

Net result

302,3 k €

-60.9% YoY

Gross margin

275,1 k €

-2.6% YoY

Equity

18,2 M €

+0.5% YoY

What does KEELAL do?

KEELAL is a Private limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0536.246.682

Incorporation

29/06/2013

Legal form

Private limited company

Registered office

Brusselsestraat 190 box 1
3000 Leuven · FlandreSee on map

Contributed capital

449 198,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	275,1 k €	-2.6%	282,5 k €	-56.5%	650,1 k €	+42.4%	456,6 k €	-96.8%	14,1 M €	+3141%	435,6 k €	+149%	174,7 k €	-58.0%	415,9 k €	-7.0%	447,3 k €	+75.6%	254,7 k €	+72.4%	147,7 k €	+7.8%	137,1 k €
EBITDA	259,4 k €	-4.0%	270,2 k €	-57.6%	637,5 k €	+43.3%	444,8 k €	-96.8%	14,1 M €	+3152%	433,8 k €	+151%	172,9 k €	-58.2%	413,8 k €	-7.2%	446 k €	+76.0%	253,5 k €	+72.4%	147 k €	+8.1%	136,1 k €
Operating result	141,4 k €	-7.6%	153 k €	-70.7%	522,6 k €	+67.0%	312,9 k €	-97.8%	14 M €	+3292%	412 k €	+175%	149,8 k €	-61.7%	390,8 k €	-9.4%	431,5 k €	+80.7%	238,8 k €	+82.8%	130,6 k €	+52.0%	85,9 k €
Net result	302,3 k €	-60.9%	773,4 k €	+55.9%	496 k €	+112%	234,1 k €	-98.3%	13,9 M €	+5006%	273,1 k €	-57.6%	643,3 k €	+83.2%	351,2 k €	-14.3%	409,8 k €	+12.5%	364,4 k €	+272%	97,9 k €	+110%	46,6 k €
Balance sheet
Equity	18,2 M €	+0.5%	18,1 M €	+4.5%	17,3 M €	+3.9%	16,7 M €	+1.4%	16,4 M €	+563%	2,5 M €	+12.4%	2,2 M €	+41.2%	1,6 M €	+29.1%	1,2 M €	-10.4%	1,3 M €	+37.0%	984,5 k €	+11.0%	886,6 k €
Total assets	20,2 M €	-0.6%	20,3 M €	-0.3%	20,4 M €	+5.2%	19,4 M €	+0.3%	19,3 M €	+350%	4,3 M €	-0.2%	4,3 M €	+30.0%	3,3 M €	-1.2%	3,3 M €	-0.7%	3,4 M €	+112%	1,6 M €	+9.7%	1,5 M €
Cash	53,1 k €	-24.2%	70 k €	+418%	13,5 k €	-59.4%	33,2 k €	-63.4%	90,7 k €	+169%	33,7 k €	+24.0%	27,1 k €	-67.4%	83,4 k €	-43.5%	147,6 k €	-7.0%	158,7 k €	+113%	74,6 k €	+1147%	6 k €
Debts	1,9 M €	-10.4%	2,1 M €	-27.6%	3 M €	+11.4%	2,6 M €	-6.5%	2,8 M €	+56.8%	1,8 M €	-13.5%	2,1 M €	+19.8%	1,7 M €	-18.3%	2,1 M €	+5.7%	2 M €	+265%	552,6 k €	-1.1%	558,7 k €

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 31/12/2025 · 1 active · 2 ended

Active mandates

Koen De Cock

Director

Active

Ended mandates

KOEN DE COCK

Director · since 27 juin 2013

Ended

KOEN DE COCK

Manager · since 27 juin 2013

Ended

At this address

Other companies at this address

Company	CBE no.
EISAI● Active	0891.958.055
EPIC Blue● Active	0659.871.697
EXTRAQT● Active	0770.846.528
Libo● Active	1029.490.197

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	03/07/2026	22/07/2025	20/06/2024	19/07/2023	04/07/2022	08/07/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	30/06/2023	04/06/2022	04/06/2021
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

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	03/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	20/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	19/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	04/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	28/06/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	30/06/2015	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 31/12/2025 · 1 active · 2 ended

Active mandates

Koen De Cock

Director

Active

Ended mandates

KOEN DE COCK

Director · since 27 juin 2013

Ended

KOEN DE COCK

Manager · since 27 juin 2013

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares21/03/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - KAPITAAL - AANDELEN
PDF
Restructuring23/08/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Restructuring25/06/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office27/10/2017
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Other30/05/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other03/07/2013
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 2025302,3 k €↓
2024
Annual accounts 2024773,4 k €↑
2023
Annual accounts 2023496 k €↑
2022
Annual accounts 2022234,1 k €↓
2021
Annual accounts 202113,9 M €↑
2020
Annual accounts 2020273,1 k €↓
2019
Annual accounts 2019643,3 k €↑
2018
Annual accounts 2018351,2 k €↓
2017
Annual accounts 2017409,8 k €↑
2016
Annual accounts 2016364,4 k €↑
2015
Annual accounts 201597,9 k €↑
2014
Annual accounts 201446,6 k €
29/06/2013
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

KEELAL

Overview

What does KEELAL do?

Trend over 12 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