ACTIVE

KEVAREL

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Financial year 2025 · closed on 30/09/2025

Net result

3,9 M €

-1.1% YoY

Gross margin

1,6 M €

-6.2% YoY

Equity

25,3 M €

+18.1% YoY

What does KEVAREL do?

KEVAREL is a Private limited company incorporated in 2011. Its main activity is: Management consultancy activities. Its registered office is in Wielsbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0841.917.933

Incorporation

13/12/2011

Legal form

Private limited company

Registered office

Parkstraat 3
8710 Wielsbeke · FlandreSee on map

Contributed capital

3 845 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 70100Activities of head offices 70100Activities of head offices

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	1,6 M €	-6.2%	1,7 M €	-6.6%	1,9 M €	-9.0%	2 M €	-1.4%	2,1 M €	+15.8%	1,8 M €	+70.1%	1,1 M €	+57.1%	668,4 k €	+61.5%	413,9 k €	+13.0%	366,3 k €	-20.9%	462,9 k €	-52.8%	980,7 k €	+129%	428,2 k €
EBITDA	1,6 M €	-6.2%	1,7 M €	-6.6%	1,9 M €	-7.9%	2 M €	-2.6%	2,1 M €	+15.8%	1,8 M €	+70.1%	1 M €	+57.6%	666 k €	+61.0%	413,7 k €	+13.0%	366,1 k €	-20.8%	462,6 k €	-52.8%	980,6 k €	+129%	427,9 k €
Operating result	1,6 M €	-6.2%	1,7 M €	-6.6%	1,9 M €	-7.2%	2 M €	-2.6%	2,1 M €	+15.9%	1,8 M €	+71.1%	1 M €	+59.1%	649,8 k €	+57.2%	413,4 k €	+13.0%	365,8 k €	-20.9%	462,2 k €	-52.9%	980,2 k €	+129%	427,3 k €
Net result	3,9 M €	-1.1%	3,9 M €	-20.1%	4,9 M €	+120%	2,2 M €	+62.6%	1,4 M €	+534%	215,8 k €	-94.8%	4,2 M €	+975%	387,2 k €	+68.9%	229,3 k €	+20.0%	191 k €	+7.1%	178,4 k €	-69.0%	576 k €	+39.4%	413,2 k €
Balance sheet
Equity	25,3 M €	+18.1%	21,4 M €	+22.4%	17,5 M €	+36.7%	12,8 M €	+18.5%	10,8 M €	+6.2%	10,2 M €	+2.2%	9,9 M €	+72.0%	5,8 M €	+7.2%	5,4 M €	+4.4%	5,2 M €	+3.8%	5 M €	+3.7%	4,8 M €	+12.5%	4,3 M €
Total assets	25,6 M €	+18.2%	21,7 M €	+14.2%	19 M €	+34.8%	14,1 M €	+7.3%	13,1 M €	+6.2%	12,3 M €	-15.7%	14,6 M €	+135%	6,2 M €	-1.2%	6,3 M €	+1.2%	6,2 M €	+2.3%	6,1 M €	-2.9%	6,3 M €	+8.2%	5,8 M €
Cash	2,1 M €	+164%	806,1 k €	-15.7%	956,8 k €	-48.7%	1,9 M €	+20.9%	1,5 M €	+90.2%	810,4 k €	+318%	193,8 k €	-44.5%	349 k €	-36.2%	546,7 k €	+22.4%	446,8 k €	+137%	188,4 k €	-53.9%	408,5 k €	+2211%	17,7 k €
Debts	331,2 k €	+26.2%	262,4 k €	-82.4%	1,5 M €	+15.3%	1,3 M €	-44.5%	2,3 M €	+6.3%	2,2 M €	-53.5%	4,7 M €	+958%	445,1 k €	-51.1%	910,8 k €	-14.3%	1,1 M €	-4.8%	1,1 M €	-24.6%	1,5 M €	-3.6%	1,5 M €
Other
Workforce	–		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 2 ended

Active mandates

Bernard VANDAELE

Director

Active

Martine KERCKHOF

Director

Active

Ended mandates

Bernard VANDAELE

Manager

Ended

Martine KERCKHOF

Manager

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/03/2026	14/03/2025	16/02/2024	20/04/2023	08/03/2022	11/05/2021
General meeting	09/03/2026	10/03/2025	16/02/2024	19/04/2023	07/03/2022	10/05/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	09/03/2026	11/03/2026	Dutch	PDF
Abridged model	30/09/2024	10/03/2025	14/03/2025	Dutch	PDF
Abridged model	30/09/2023	16/02/2024	16/02/2024	Dutch	PDF
Abridged model	30/09/2022	19/04/2023	20/04/2023	Dutch	PDF
Abridged model	30/09/2021	07/03/2022	08/03/2022	Dutch	PDF
Abridged modelCorrection	30/09/2020	10/05/2021	11/05/2021	Dutch	PDF
Abridged model	30/09/2020	11/03/2021	12/03/2021	Dutch	PDF
Abridged model	30/09/2019	07/12/2019	20/12/2019	Dutch	PDF
Abridged model	30/09/2018	09/03/2019	11/03/2019	Dutch	PDF
Abridged model	30/09/2017	10/03/2018	12/03/2018	Dutch	PDF
Abridged model	30/09/2016	11/03/2017	14/03/2017	Dutch	PDF
Abridged model	30/09/2015	12/03/2016	01/04/2016	Dutch	PDF
Abridged model	30/09/2014	14/03/2015	20/04/2015	Dutch	PDF
Abridged model	30/09/2013	08/03/2014	28/03/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/09/2025 · 2 active · 2 ended

Active mandates

Bernard VANDAELE

Director

Active

Martine KERCKHOF

Director

Active

Ended mandates

Bernard VANDAELE

Manager

Ended

Martine KERCKHOF

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring16/11/2020
DOEL - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates21/09/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring22/07/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares25/04/2013
KAPITAAL - AANDELEN
PDF
Other28/12/2011
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 20253,9 M €↓
2024
Annual accounts 20243,9 M €↓
2023
Annual accounts 20234,9 M €↑
2022
Annual accounts 20222,2 M €↑
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 2020215,8 k €↓
2019
Annual accounts 20194,2 M €↑
2018
Annual accounts 2018387,2 k €↑
2017
Annual accounts 2017229,3 k €↑
2016
Annual accounts 2016191 k €↑
2015
Annual accounts 2015178,4 k €↓
2014
Annual accounts 2014576 k €↑
2013
Annual accounts 2013413,2 k €
13/12/2011
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

KEVAREL

Overview

What does KEVAREL do?

Trend over 13 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