NORMAL SITUATION

KELLEN HOLDINGS EUROPE

Financial year 2025 · closed on 31/12/2025
Net result
536,8 k €
+532.8% YoY
Gross margin
287,2 k €
+152.2% YoY
Equity
3,3 M €
+2.4% YoY
Workforce
0,0 ETP

Company — Normal situation.

Strike-off: 16 juillet 2026

What does KELLEN HOLDINGS EUROPE do?

KELLEN HOLDINGS EUROPE is a Public limited company incorporated in 2004.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0865.717.179
Incorporation
10/06/2004
Legal form
Public limited company
Contributed capital
62 500,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202320222021202020192018201720152014201320122011201020092008
Income statement
Gross margin287,2 k €113,9 k €404,6 k €239,6 k €308,1 k €56,2 k €61,6 k €98,2 k €
EBITDA286,2 k €112,9 k €403,7 k €226,1 k €295,8 k €50,4 k €56,2 k €93,3 k €88,7 k €61,3 k €84,4 k €79 k €97,1 k €78,9 k €161 k €164,7 k €
Operating result286,2 k €112,9 k €403,7 k €226,1 k €295,8 k €50,4 k €56,2 k €93,3 k €88,7 k €61,3 k €84,4 k €79 k €97,1 k €78,9 k €161 k €164,7 k €
Net result536,8 k €84,8 k €295,2 k €72,5 k €1,5 M €27,1 k €35,7 k €1,3 M €45,8 k €29,8 k €34 k €37,1 k €52,4 k €37,9 k €72,8 k €63 k €
Balance sheet
Equity3,3 M €3,2 M €3,2 M €3,1 M €3,1 M €1,6 M €2,1 M €2 M €688,7 k €643 k €613,1 k €579,2 k €542 k €489,7 k €451,8 k €378,9 k €
Total assets3,3 M €3,2 M €3,2 M €3,2 M €3,2 M €3,2 M €3,2 M €3,2 M €3,2 M €3,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,5 M €1,6 M €
Cash53,2 k €45,3 k €27,5 k €63,8 k €3,3 k €12,4 k €15 k €11,8 k €1,2 k €2,8 k €8,9 k €2,8 k €3,7 k €3,3 k €4,8 k €5,6 k €
Debts8,2 k €9,7 k €17,2 k €57,9 k €80,5 k €1,6 M €1,2 M €1,2 M €2,5 M €2,8 M €868,3 k €909 k €945,2 k €992,9 k €1,1 M €1,2 M €
Other
Workforce0,0 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 14 ended

Active mandates

A. WESTGEEST

Director · since 03 juin 2025 · until 03 juin 2031 · 0461.388.814

Represented by Westgeest Alfons

Active
Willow Park Management LLC BUITENLANDSE ENTITEIT

Director · since 01 mars 2025 · until 01 juin 2030

Represented by Rush Peter Stephen

Active
Travis Benjamin Rush

Director · since 27 octobre 2021 · until 01 juin 2027

Active

Ended mandates

A. WESTGEEST

Director · since 02 avril 2019 · until 01 avril 2025 · 0461.388.814

Represented by Alfons Westgeest

Ended
A. WESTGEEST

Director · since 02 avril 2019 · until 03 juin 2025 · 0461.388.814

Represented by Alfons Westgeest

Ended
The Kellen Company BO

Chairman of the board of directors · since 01 juillet 2018 · until 02 avril 2024

Represented by Peter Stephen Rush

Ended
The Kellen Company BO

Director · since 01 juillet 2018 · until 04 juin 2024

Represented by Peter Stephen Rush

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/11/202001/11/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/10/2020
Length of the financial year12 months12 months12 months12 months14 months12 months
Filing date17/06/202602/07/202502/07/202405/07/202304/07/202221/04/2021
General meeting02/06/202603/06/202504/06/202406/06/202307/06/202206/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/06/202617/06/2026DutchPDF
Abridged model31/12/202403/06/202502/07/2025DutchPDF
Abridged model31/12/202304/06/202402/07/2024DutchPDF
Abridged model31/12/202206/06/202305/07/2023DutchPDF
Abridged model31/12/202107/06/202204/07/2022DutchPDF
Abridged model31/10/202006/04/202121/04/2021DutchPDF
Abridged model31/10/201914/02/202026/02/2020DutchPDF
Abridged model31/10/201802/04/201908/04/2019DutchPDF
Abridged model31/10/201703/04/201825/04/2018DutchPDF
Full model31/10/201604/04/201724/04/2017DutchPDF
Full model31/10/201505/04/201602/05/2016DutchPDF
Full model31/10/201407/04/201530/04/2015DutchPDF
Full model31/10/201301/04/201430/04/2014DutchPDF
Full model31/10/201202/04/201311/04/2013DutchPDF
Full model31/10/201103/04/201223/04/2012DutchPDF
Full model31/10/201005/04/201128/04/2011DutchPDF
Full model31/10/200906/04/201007/05/2010DutchPDF
Full model31/10/200801/06/200930/06/2009DutchPDF
Full model31/10/200701/04/200828/05/2008DutchPDF
Full modelCorrection31/10/200603/04/200717/01/2008DutchPDF
Full model31/10/200603/04/200723/07/2007DutchPDF
Estimate

Indicative valuation

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 · 3 active · 14 ended

Active mandates

A. WESTGEEST

Director · since 03 juin 2025 · until 03 juin 2031 · 0461.388.814

Represented by Westgeest Alfons

Active
Willow Park Management LLC BUITENLANDSE ENTITEIT

Director · since 01 mars 2025 · until 01 juin 2030

Represented by Rush Peter Stephen

Active
Travis Benjamin Rush

Director · since 27 octobre 2021 · until 01 juin 2027

Active

Ended mandates

A. WESTGEEST

Director · since 02 avril 2019 · until 01 avril 2025 · 0461.388.814

Represented by Alfons Westgeest

Ended
A. WESTGEEST

Director · since 02 avril 2019 · until 03 juin 2025 · 0461.388.814

Represented by Alfons Westgeest

Ended
The Kellen Company BO

Chairman of the board of directors · since 01 juillet 2018 · until 02 avril 2024

Represented by Peter Stephen Rush

Ended
The Kellen Company BO

Director · since 01 juillet 2018 · until 04 juin 2024

Represented by Peter Stephen Rush

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring20/05/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates09/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/08/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates16/04/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/03/2019
    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

Timeline

  1. 2025
    Annual accounts 2025536,8 k €
  2. 2023
    Annual accounts 202384,8 k €
  3. 2022
    Annual accounts 2022295,2 k €
  4. 2021
    Annual accounts 202172,5 k €
  5. 2020
    Annual accounts 20201,5 M €
  6. 2019
    Annual accounts 201927,1 k €
  7. 2018
    Annual accounts 201835,7 k €
  8. 2017
    Annual accounts 20171,3 M €
  9. 2015
    Annual accounts 201545,8 k €
  10. 2014
    Annual accounts 201429,8 k €
  11. 2013
    Annual accounts 201334 k €
  12. 2012
    Annual accounts 201237,1 k €
  13. 2011
    Annual accounts 201152,4 k €
  14. 2010
    Annual accounts 201037,9 k €
  15. 2009
    Annual accounts 200972,8 k €
  16. 2008
    Annual accounts 200863 k €
  17. 10/06/2004
    IncorporationPublic limited company