ACTIVE

Kyndryl Belgium

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Financial year 2025 · Closed on 31/03/2025

Net result21,7 M €+411,2 %over 1 year
Revenue209,7 M €-9,9 %over 1 year
Equity42,7 M €+103,2 %over 1 year
Workforce173,8 ETP-3,2 %over 1 year

Identity

Source · BCE/KBO

Kyndryl Belgium is a Private limited company incorporated in 2021. Its registered office is in Machelen (Brab.). It employs on average 173,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0764.299.028
Incorporation
24/02/2021
Legal form
Private limited company
Registered office
Culliganlaan 5
1831 Machelen (Brab.) · FlandreSee on map
Contributed capital
27 926 663,00 €
Latest accounts
31/03/2025
Average workforce
173,8 ETP
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 8 filings

Trend over 3 financial years

202520242023
Income statement
Revenue209,7 M €232,7 M €362,1 M €
EBITDA30,6 M €12,4 M €41,5 M €
Operating result20,2 M €-7,4 M €22,4 M €
Net result21,7 M €-7 M €21,1 M €
Balance sheet
Equity42,7 M €21 M €28 M €
Total assets187,1 M €225,2 M €252,7 M €
Cash0 €30,4 k €0 €
Debts135,3 M €169,4 M €182,8 M €
Other
Workforce173,8 ETP179,5 ETP197,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/03/2025

2 active · 1 ended

Active mandates

Joris Van Dyck

Director · since 18 octobre 2021

Active
Liesbet D'hoker

Director · since 23 février 2021

Active

Ended mandates

Liestbet D'hoker

Director · since 23 février 2021

Ended

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Full financial information

Source · NBB
2025202420232021
Type of accountFull modelFull modelFull modelFull model
Start of the financial year01/04/202401/04/202301/01/202223/02/2021
Closing of the financial year31/03/202531/03/202431/03/202331/12/2021
Length of the financial year12 months12 months15 months11 months
Filing date10/10/202518/11/202423/01/202409/06/2023
General meeting25/09/202524/10/202422/12/202324/05/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 8 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202525/09/202510/10/2025FrenchPDF
Full model31/03/202525/09/202510/10/2025DutchPDF
Full model31/03/202424/10/202418/11/2024DutchPDF
Full model31/03/202424/10/202418/11/2024FrenchPDF
Full model31/03/202322/12/202323/01/2024DutchPDF
Full model31/03/202322/12/202322/01/2024FrenchPDF
Full model31/12/202124/05/202309/06/2023FrenchPDF
Full model31/12/202124/05/202309/06/2023DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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.

Board of directors

Source · NBB, accounts to 31/03/2025

2 active · 1 ended

Active mandates

Joris Van Dyck

Director · since 18 octobre 2021

Active
Liesbet D'hoker

Director · since 23 février 2021

Active

Ended mandates

Liestbet D'hoker

Director · since 23 février 2021

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Registered office10/07/2026
    SIEGE SOCIAL
    PDF
  • Registered office10/07/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/08/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates21/08/2023
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Other01/09/2022
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Other01/09/2022
    ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF

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 202521,7 M €↑
  2. 24/10/2024
    reconductionAlexis Van Bavel — commissaris
  3. 24/10/2024
    reconductionAlexis Van Bavel — commissaire
  4. 2024
    Annual accounts 2024-7 M €↓
  5. 2023
    Annual accounts 202321,1 M €
  6. 24/02/2021
    IncorporationPrivate limited company