ACTIVE

RETAIL SERVICES KAIN

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Financial year 2026 · closed on 31/01/2026

Net result

166,7 k €

-0.5% YoY

Gross margin

843,3 k €

+2.5% YoY

Equity

437,1 k €

+1.6% YoY

Workforce

13,4 ETP

+1.5% YoY

What does RETAIL SERVICES KAIN do?

RETAIL SERVICES KAIN is a Public limited company incorporated in 2004. Its registered office is in Tournai. It employs on average 13,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.476.956

Incorporation

26/05/2004

Legal form

Public limited company

Registered office

Rue du Troisième Age(K) 2
7540 Tournai · WallonieSee on map

Contributed capital

238 800,00 €

Latest accounts

31/01/2026

Average workforce

13,4 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2026		2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	843,3 k €	+2.5%	822,9 k €	-2.3%	842,5 k €	+20.1%	701,5 k €	-10.9%	787,1 k €	+1.1%	778,7 k €	+26.4%	615,9 k €	-2.9%	634,4 k €		–		–		–		–		–		–		–		353,6 k €	-49.0%	692,8 k €
EBITDA	308,9 k €	+2.3%	301,8 k €	-13.0%	346,7 k €	+46.1%	237,2 k €	-21.8%	303,5 k €	-6.8%	325,6 k €	+49.1%	218,4 k €	-8.5%	238,6 k €	-13.4%	275,6 k €	+11.1%	248,1 k €	+3.0%	241 k €	+17.7%	204,8 k €	+35.3%	151,4 k €	+43.9%	105,2 k €	+606%	-20,8 k €	-532%	4,8 k €	-96.2%	127 k €
Operating result	190 k €	-0.4%	190,9 k €	-21.4%	243 k €	+76.0%	138,1 k €	-32.8%	205,4 k €	-1.4%	208,3 k €	+34.3%	155,1 k €	-21.0%	196,4 k €	-16.9%	236,4 k €	+23.4%	191,6 k €	+12.5%	170,3 k €	+27.1%	134 k €	+64.4%	81,5 k €	+122%	36,7 k €	+143%	-85,6 k €	-47.4%	-58,1 k €	-445%	16,9 k €
Net result	166,7 k €	-0.5%	167,6 k €	-21.7%	213,9 k €	+103%	105,4 k €	-42.6%	183,6 k €	-4.4%	192 k €	+21.8%	157,7 k €	-21.2%	200,2 k €	-13.7%	231,9 k €	+95.5%	118,6 k €	-33.4%	178 k €	+39.1%	128 k €	+35.5%	94,4 k €	+135%	40,2 k €	+137%	-107,2 k €	-52.4%	-70,4 k €	-3714%	1,9 k €
Balance sheet
Equity	437,1 k €	+1.6%	430,4 k €	+0.6%	427,8 k €	+0.9%	423,9 k €	+1.3%	418,5 k €	+8.3%	386,3 k €	+0.0%	386,3 k €	+0.7%	383,6 k €	+0.1%	383,4 k €	+3.2%	371,5 k €	+46.9%	252,9 k €	+3.3%	244,8 k €	+46.7%	166,9 k €	+283%	-91,4 k €	+30.5%	-131,5 k €	-441%	-24,3 k €	-153%	46 k €
Total assets	841,7 k €	-0.9%	849,4 k €	-11.0%	954 k €	-7.8%	1 M €	-12.7%	1,2 M €	-19.1%	1,5 M €	-6.7%	1,6 M €	+100%	784,3 k €	-1.9%	799,1 k €	+32.6%	602,9 k €	-9.1%	663,3 k €	-18.4%	813,1 k €	+12.2%	724,8 k €	-15.4%	856,6 k €	+5.7%	810,1 k €	+6.3%	762,2 k €	-4.9%	801,3 k €
Cash	57,4 k €	+64.5%	34,9 k €	-55.7%	78,8 k €	+25.6%	62,7 k €	-15.2%	73,9 k €	+24.9%	59,2 k €	+14.5%	51,7 k €	+54.8%	33,4 k €	-52.9%	71 k €	-9.3%	78,3 k €	+39.6%	56,1 k €	-15.6%	66,4 k €	-19.2%	82,2 k €	+2.1%	80,5 k €	+25.2%	64,3 k €	+79.0%	35,9 k €	-5.5%	38 k €
Debts	404,5 k €	-3.5%	419 k €	-20.4%	526,1 k €	-14.0%	611,4 k €	-20.3%	767,5 k €	-28.9%	1,1 M €	-8.8%	1,2 M €	+195%	400,7 k €	-3.6%	415,8 k €	+79.7%	231,4 k €	-43.6%	410,4 k €	-27.8%	568,3 k €	+1.9%	557,9 k €	-41.1%	948 k €	+1.7%	931,9 k €	+18.5%	786,6 k €	+4.1%	755,3 k €
Other
Workforce	13,4 ETP	+1.5%	13,2 ETP	-5.0%	13,9 ETP	+9.4%	12,7 ETP	-5.9%	13,5 ETP	+9.8%	12,3 ETP	+4.2%	11,8 ETP	0.0%	11,8 ETP	+5.4%	11,2 ETP	-10.4%	12,5 ETP	-10.1%	13,9 ETP	+7.8%	12,9 ETP	+0.8%	12,8 ETP	+7.6%	11,9 ETP	-15.0%	14,0 ETP	+5.3%	13,3 ETP	+0.8%	13,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/01/2026 · 2 active · 23 ended

Active mandates

De Claere

Managing director · 0646.876.469

Represented by Arnaud Vandenbogaerde

Active

RETAIL SERVICES MANAGEMENT

Director · 0865.369.167

Represented by Elisabeth Theunissen

Active

Ended mandates

De Claere

Managing director · since 29 mai 2020 · until 18 juillet 2025 · 0646.876.469

Represented by Arnaud Vandenbogaerde

Ended

RETAIL SERVICES MANAGEMENT

Director · since 29 mai 2020 · until 18 juillet 2025 · 0865.369.167

Represented by Elisabeth Theunissen

Ended

BOGAFI

Director · since 25 juin 2015 · until 25 juin 2021 · 0429.609.634

Represented by Ann Vandenbogaerde

Ended

Marc Vandenbogaerde

Director · since 25 juin 2015 · until 25 juin 2021

Ended

At this address

Other companies at this address

Company	CBE no.
RETAIL SERVICES MANAGEMENT● Active	0865.369.167

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/02/2025	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020
Closing of the financial year	31/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2026	20/06/2025	11/06/2024	09/06/2023	27/06/2022	28/06/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	09/06/2023	27/06/2022	25/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/01/2026	08/06/2026	23/06/2026	French	PDF
Abridged model	31/01/2025	10/06/2025	20/06/2025	French	PDF
Abridged model	31/01/2024	10/06/2024	11/06/2024	French	PDF
Abridged model	31/01/2023	09/06/2023	09/06/2023	French	PDF
Abridged model	31/01/2022	27/06/2022	27/06/2022	French	PDF
Abridged model	31/01/2021	25/06/2021	28/06/2021	French	PDF
Abridged model	31/01/2020	25/06/2020	08/07/2020	French	PDF
Abridged model	31/01/2019	18/07/2019	23/07/2019	French	PDF
Abridged model	31/01/2018	18/07/2018	25/07/2018	French	PDF
Abridged model	31/01/2017	18/07/2017	19/07/2017	French	PDF
Full model	31/01/2016	28/07/2016	26/08/2016	French	PDF
Full model	31/01/2015	25/06/2015	16/07/2015	French	PDF
Full model	31/01/2014	18/07/2014	28/07/2014	French	PDF
Full model	31/01/2013	18/07/2013	25/07/2013	French	PDF
Full model	31/01/2012	18/07/2012	25/07/2012	French	PDF
Full model	31/01/2011	18/07/2011	25/07/2011	French	PDF
Full model	31/01/2010	27/07/2010	24/08/2010	French	PDF
Abridged model	31/01/2009	09/04/2010	12/04/2010	French	PDF
Abridged model	31/01/2008	29/07/2008	18/09/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/01/2026 · 2 active · 23 ended

Active mandates

De Claere

Managing director · 0646.876.469

Represented by Arnaud Vandenbogaerde

Active

RETAIL SERVICES MANAGEMENT

Director · 0865.369.167

Represented by Elisabeth Theunissen

Active

Ended mandates

De Claere

Managing director · since 29 mai 2020 · until 18 juillet 2025 · 0646.876.469

Represented by Arnaud Vandenbogaerde

Ended

RETAIL SERVICES MANAGEMENT

Director · since 29 mai 2020 · until 18 juillet 2025 · 0865.369.167

Represented by Elisabeth Theunissen

Ended

BOGAFI

Director · since 25 juin 2015 · until 25 juin 2021 · 0429.609.634

Represented by Ann Vandenbogaerde

Ended

Marc Vandenbogaerde

Director · since 25 juin 2015 · until 25 juin 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - OBJET - ASSEMBLEE GENERALE
PDF
Mandates23/07/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates02/09/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares22/07/2011
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/05/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2010
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

2026
Annual accounts 2026166,7 k €↓
2025
Annual accounts 2025167,6 k €↓
2024
Annual accounts 2024213,9 k €↑
2023
Annual accounts 2023105,4 k €↓
2022
Annual accounts 2022183,6 k €↓
2019
Annual accounts 2019192 k €↑
2018
Annual accounts 2018157,7 k €↓
2017
Annual accounts 2017200,2 k €↓
2016
Annual accounts 2016231,9 k €↑
2015
Annual accounts 2015118,6 k €↓
2014
Annual accounts 2014178 k €↑
2013
Annual accounts 2013128 k €↑
2012
Annual accounts 201294,4 k €↑
2011
Annual accounts 201140,2 k €↑
2010
Annual accounts 2010-107,2 k €↓
2009
Annual accounts 2009-70,4 k €↓
2008
Annual accounts 20081,9 k €
26/05/2004
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

RETAIL SERVICES KAIN

Overview

What does RETAIL SERVICES KAIN 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