ACTIVE

KITRY

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Financial year 2025 · closed on 31/12/2025

Net result

10,2 k €

+159.4% YoY

Gross margin

1,1 M €

+26.9% YoY

Equity

156,9 k €

+7.0% YoY

Workforce

12,4 ETP

+11.7% YoY

What does KITRY do?

KITRY is a Public limited company incorporated in 2008. Its main activity is: Computer programming activities. Its registered office is in Nivelles. It employs on average 12,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0808.621.296

Incorporation

11/12/2008

Legal form

Public limited company

Registered office

Rue du Commerce 12
1400 Nivelles · WallonieSee on map

Contributed capital

144 000,00 €

Latest accounts

31/12/2025

Average workforce

12,4 ETP

Activities (NACE)

62010Computer programming activities· main 62020Computer consultancy activities 62100Computer programming, consultancy and related activities 62200Computer programming, consultancy and related activities 47400Retail sale of information and communication equipment in specialised stores 47410Retail sale of computers, peripheral units and software in specialised stores+2

Joint committees (3)

200
2000
218

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	1,1 M €	+26.9%	859,2 k €	+21.9%	704,7 k €	+24.7%	565 k €	+13.4%	498,4 k €	+2.5%	486,1 k €	-22.7%	628,6 k €	+7.6%	584,2 k €	-2.6%	599,7 k €	-4.8%	630 k €	-2.2%	644,4 k €	-5.2%	680 k €	+75.7%	386,9 k €	-7.3%	417,5 k €	+31.5%	317,4 k €	+29.8%	244,6 k €	+459%	-68,1 k €
EBITDA	79,7 k €	+119%	36,4 k €	-61.3%	93,9 k €	-19.1%	116 k €	+43.9%	80,6 k €	-4.4%	84,3 k €	-13.2%	97,1 k €	+71.0%	56,8 k €	-22.6%	73,4 k €	-18.4%	90 k €	+34.6%	66,8 k €	-30.1%	95,6 k €	+330%	22,2 k €	+15.9%	19,2 k €	+763%	-2,9 k €	-104%	67,5 k €	+170%	-96,7 k €
Operating result	52,8 k €	+784234%	6,7 €	-99.9%	9,6 k €	-80.7%	49,7 k €	+109%	23,8 k €	-5.0%	25,1 k €	+10.0%	22,8 k €	-28.9%	32 k €	-16.5%	38,3 k €	-21.8%	49 k €	+75.3%	28 k €	-47.5%	53,2 k €	+470%	-14,4 k €	-466%	-2,5 k €	+89.2%	-23,6 k €	-144%	53,6 k €	+153%	-100,9 k €
Net result	10,2 k €	+159%	-17,2 k €	-399%	5,7 k €	-82.3%	32,4 k €	+171%	12 k €	-11.2%	13,5 k €	+104%	6,6 k €	+137%	2,8 k €	-67.8%	8,7 k €	-47.4%	16,5 k €	+294%	4,2 k €	-88.8%	37,5 k €	+278%	-21,1 k €	-82.7%	-11,5 k €	+69.4%	-37,7 k €	-174%	51,2 k €	+151%	-100,9 k €
Balance sheet
Equity	156,9 k €	+7.0%	146,7 k €	-10.5%	163,8 k €	+3.6%	158,1 k €	+25.8%	125,7 k €	+10.5%	113,7 k €	+13.5%	100,2 k €	+7.1%	93,6 k €	+3.1%	90,8 k €	+10.6%	82,1 k €	+25.1%	65,6 k €	+6.8%	61,4 k €	+156%	24 k €	-46.8%	45,1 k €	-20.4%	56,6 k €	-40.0%	94,3 k €	+119%	43,1 k €
Total assets	1 M €	-13.9%	1,2 M €	-5.0%	1,3 M €	+2.6%	1,2 M €	+14.0%	1,1 M €	-1.0%	1,1 M €	-6.4%	1,2 M €	-0.3%	1,2 M €	+24.0%	951,4 k €	+16.8%	814,7 k €	-5.9%	866 k €	+33.4%	649,4 k €	+67.2%	388,4 k €	+34.3%	289,2 k €	-16.0%	344,2 k €	-13.7%	398,7 k €	+316%	95,9 k €
Cash	12,8 k €	-68.1%	40 k €	+116%	18,5 k €	-83.1%	109,4 k €	+1360%	7,5 k €	-72.7%	27,4 k €	+69.3%	16,2 k €	-67.0%	49,1 k €	+127%	21,6 k €	+204%	7,1 k €	+199%	2,4 k €	-97.0%	79,6 k €	+581%	11,7 k €	-41.8%	20,1 k €	-67.2%	61,3 k €	+37.8%	44,5 k €	+112%	21 k €
Debts	664,6 k €	-22.9%	862,2 k €	-4.3%	901,3 k €	-1.4%	913,8 k €	+15.3%	792,6 k €	-5.7%	840,8 k €	-11.7%	951,7 k €	-0.5%	956,7 k €	+25.2%	764,4 k €	+17.5%	650,8 k €	-8.2%	708,7 k €	+35.9%	521,4 k €	+75.4%	297,3 k €	+21.8%	244,1 k €	-15.1%	287,6 k €	-5.5%	304,4 k €	+476%	52,8 k €
Other
Workforce	12,4 ETP	+11.7%	11,1 ETP	+56.3%	7,1 ETP	+22.4%	5,8 ETP	+3.6%	5,6 ETP	-13.8%	6,5 ETP	-20.7%	8,2 ETP	-4.7%	8,6 ETP	0.0%	8,6 ETP	-4.4%	9,0 ETP	-7.2%	9,7 ETP	-3.0%	10,0 ETP	+75.4%	5,7 ETP	-1.7%	5,8 ETP	+13.7%	5,1 ETP	+21.4%	4,2 ETP	+320%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 14 ended

Active mandates

EHS Cloud

Managing director · since 24 mars 2022 · until 24 mars 2028 · 0783.478.403

Represented by LETARGEZ PIERRE

Active

VORTEX CAPITAL PARTNERS B.V.

Director · since 24 mars 2022 · until 24 mars 2028 · 0783.359.132

Represented by DE GROOT EVERT

Active

Ended mandates

EHS Cloud

Managing director · since 24 mars 2022 · until 24 mars 2028 · 0783.478.403

Represented by Pierre LÉTARGEZ

Ended

EHS Cloud

Director · since 24 mars 2022 · until 24 mars 2028 · 0783.478.403

Represented by LETARGEZ PIERRE

Ended

Vortex Capital Partners B.V.

Director · since 24 mars 2022 · until 24 mars 2028

Represented by Evert Jan de Groot

Ended

VORTEX CAPITAL PARTNERS BV

Director · since 24 mars 2022 · until 24 mars 2028 · 0783.359.132

Represented by DE GROOT EVERT

Ended

At this address

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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	02/07/2026	03/07/2025	14/06/2024	19/06/2023	16/06/2022	10/06/2021
General meeting	18/06/2026	19/06/2025	16/05/2024	19/05/2023	19/05/2022	20/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	19/06/2025	03/07/2025	French	PDF
Abridged model	31/12/2023	16/05/2024	14/06/2024	French	PDF
Abridged model	31/12/2022	19/05/2023	19/06/2023	French	PDF
Abridged model	31/12/2021	19/05/2022	16/06/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	10/06/2021	French	PDF
Abridged model	31/12/2019	22/05/2020	19/06/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	13/06/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	04/06/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	09/06/2017	French	PDF
Abridged model	31/12/2015	19/05/2016	14/06/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	16/06/2015	Dutch	PDF
Abridged model	31/12/2013	15/05/2014	10/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	05/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	05/07/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	25/07/2011	French	PDF
Abridged model	31/12/2009	02/06/2010	06/07/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 14 ended

Active mandates

EHS Cloud

Managing director · since 24 mars 2022 · until 24 mars 2028 · 0783.478.403

Represented by LETARGEZ PIERRE

Active

VORTEX CAPITAL PARTNERS B.V.

Director · since 24 mars 2022 · until 24 mars 2028 · 0783.359.132

Represented by DE GROOT EVERT

Active

Ended mandates

EHS Cloud

Managing director · since 24 mars 2022 · until 24 mars 2028 · 0783.478.403

Represented by Pierre LÉTARGEZ

Ended

EHS Cloud

Director · since 24 mars 2022 · until 24 mars 2028 · 0783.478.403

Represented by LETARGEZ PIERRE

Ended

Vortex Capital Partners B.V.

Director · since 24 mars 2022 · until 24 mars 2028

Represented by Evert Jan de Groot

Ended

VORTEX CAPITAL PARTNERS BV

Director · since 24 mars 2022 · until 24 mars 2028 · 0783.359.132

Represented by DE GROOT EVERT

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/06/2026
DEMISSIONS, NOMINATIONS
PDF
Other27/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates11/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2018
DEMISSIONS, NOMINATIONS
PDF
Other09/09/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/12/2012
DEMISSIONS, NOMINATIONS
PDF
Other10/12/2012
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/04/2012
DEMISSIONS, NOMINATIONS
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 202510,2 k €↑
2024
Annual accounts 2024-17,2 k €↓
2023
Annual accounts 20235,7 k €↓
2022
Annual accounts 202232,4 k €↑
2021
Annual accounts 202112 k €↓
2020
Annual accounts 202013,5 k €↑
2019
Annual accounts 20196,6 k €↑
2018
Annual accounts 20182,8 k €↓
2017
Annual accounts 20178,7 k €↓
2016
Annual accounts 201616,5 k €↑
2015
Annual accounts 20154,2 k €↓
2014
Annual accounts 201437,5 k €↑
2013
Annual accounts 2013-21,1 k €↓
2012
Annual accounts 2012-11,5 k €↑
2011
Annual accounts 2011-37,7 k €↓
2010
Annual accounts 201051,2 k €↑
2009
Annual accounts 2009-100,9 k €
11/12/2008
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

KITRY

Overview

What does KITRY do?

Trend over 17 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