ACTIVE

KBC Focus fund

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Financial year 2025 · closed on 31/12/2025

Net result

-7,1 M €

-136.7% YoY

Equity

21,1 M €

-12.7% YoY

What does KBC Focus fund do?

KBC Focus fund is a Public limited company incorporated in 2016. Its main activity is: Other credit granting. Its registered office is in Molenbeek-Saint-Jean.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0647.812.124

Incorporation

04/02/2016

Legal form

Public limited company

Registered office

Avenue du Port 2
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

36 836 925,00 €

Latest accounts

31/12/2025

Activities (NACE)

64929Other credit granting· main 64929Other credit granting

Signals

Solid equityLow riskGood liquidity

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 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
EBITDA	-980,3 k €	+0.6%	-985,8 k €	-25.1%	-788,2 k €	+3.5%	-816,9 k €	-5.7%	-773,2 k €	-0.7%	-768 k €	-101%	-381,9 k €	-1280%	-27,7 k €	+48.5%	-53,8 k €
Operating result	-980,3 k €	+0.6%	-985,8 k €	-25.1%	-788,2 k €	+3.5%	-816,9 k €	-5.7%	-773,2 k €	-0.7%	-768 k €	-101%	-381,9 k €	-1280%	-27,7 k €	+48.5%	-53,8 k €
Net result	-7,1 M €	-137%	-3 M €	-33.5%	-2,2 M €	-195%	-759,4 k €	+62.1%	-2 M €	-739%	-239,2 k €	+33.1%	-357,6 k €	-1109%	-29,6 k €	+51.0%	-60,4 k €
Balance sheet
Equity	21,1 M €	-12.7%	24,2 M €	-11.0%	27,1 M €	-4.4%	28,4 M €	+59.0%	17,9 M €	+22.6%	14,6 M €	+210%	4,7 M €	+83.7%	2,6 M €	+4.9%	2,4 M €
Total assets	21,8 M €	-12.4%	24,9 M €	-8.3%	27,2 M €	-4.4%	28,4 M €	+59.0%	17,9 M €	+22.7%	14,6 M €	+209%	4,7 M €	+83.9%	2,6 M €	+5.0%	2,4 M €
Cash	2,4 M €	+599%	342 k €	-50.3%	688 k €	-85.1%	4,6 M €	+1208%	353,9 k €	-59.8%	880,9 k €	+366%	189,1 k €	+194%	64,4 k €	-95.5%	1,4 M €
Debts	751,9 k €	-0.4%	754,7 k €	+10512%	7,1 k €	-70.6%	24,2 k €	+242%	7,1 k €	+693%	893 €	-89.5%	8,5 k €	+387%	1,8 k €		–

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 31/12/2025 · 4 active · 13 ended

Active mandates

Tim Derycke

Managing director · since 01 décembre 2025 · until 02 juin 2026

Active

Bartel Puelinckx

Director · since 03 juin 2025 · until 01 juin 2027

Active

Erik Luts

Director · since 04 juin 2024 · until 04 juin 2030

Active

Koen Schrever

Managing director · since 04 juin 2024 · until 01 décembre 2025

Active

Ended mandates

Bartel Puelinckx

Director · since 12 septembre 2024 · until 03 juin 2025

Ended

Koen Schrever

Managing director · since 04 juin 2024 · until 04 juin 2030

Ended

Luc Popelier

Director · since 10 mai 2017 · until 04 juin 2024

Ended

Luc Popelier

Director · since 10 mai 2017 · until 01 septembre 2024

Ended

At this address

Other companies at this address

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DISCAI● Active	0773.435.537
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everyoneINVESTED● Active	0745.660.279
FIVEST● Active	0443.669.981
Fonds de pension KBC● Active	0410.679.291
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IMMOBILIERE DISTRI - LAND● Active	0436.440.909
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Immolease-Trust● Active	0406.403.076
IMMO MECHELEN CITY CENTER● Active	0635.828.862
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IMMO-QUINTO● Active	0466.000.470

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	01/01/2025	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	26/06/2026	04/06/2025	11/06/2024	14/06/2023	13/06/2022	14/07/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	02/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	03/06/2025	04/06/2025	Dutch	PDF
Full model	31/12/2023	04/06/2024	11/06/2024	Dutch	PDF
Full model	31/12/2022	06/06/2023	14/06/2023	Dutch	PDF
Full model	31/12/2021	07/06/2022	13/06/2022	Dutch	PDF
Full model	31/12/2020	01/06/2021	14/07/2021	Dutch	PDF
Full modelCorrection	31/12/2019	02/06/2020	18/09/2020	Dutch	PDF
Full model	31/12/2019	02/06/2020	15/07/2020	Dutch	PDF
Full model	31/12/2018	04/06/2019	24/07/2019	Dutch	PDF
Full model	31/12/2017	05/06/2018	16/07/2018	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 31/12/2025 · 4 active · 13 ended

Active mandates

Tim Derycke

Managing director · since 01 décembre 2025 · until 02 juin 2026

Active

Bartel Puelinckx

Director · since 03 juin 2025 · until 01 juin 2027

Active

Erik Luts

Director · since 04 juin 2024 · until 04 juin 2030

Active

Koen Schrever

Managing director · since 04 juin 2024 · until 01 décembre 2025

Active

Ended mandates

Bartel Puelinckx

Director · since 12 septembre 2024 · until 03 juin 2025

Ended

Koen Schrever

Managing director · since 04 juin 2024 · until 04 juin 2030

Ended

Luc Popelier

Director · since 10 mai 2017 · until 04 juin 2024

Ended

Luc Popelier

Director · since 10 mai 2017 · until 01 septembre 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares19/03/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates29/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/11/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates06/10/2021
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 2025-7,1 M €↓
2024
Annual accounts 2024-3 M €↓
2023
Annual accounts 2023-2,2 M €↓
2022
Annual accounts 2022-759,4 k €↑
2021
Annual accounts 2021-2 M €↓
2020
Annual accounts 2020-239,2 k €↑
2019
Annual accounts 2019-357,6 k €↓
2018
Annual accounts 2018-29,6 k €↑
2018
Name changeKBC Focus Fund
2017
Annual accounts 2017-60,4 k €
2017
Name changeKBC Start it Fund
04/02/2016
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

KBC Focus fund

Overview

What does KBC Focus fund do?

Trend over 9 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