ACTIVE

De Keuvel

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+32.6% YoY

Gross margin

-11,4 k €

+82.6% YoY

Equity

3,2 M €

+5.1% YoY

What does De Keuvel do?

De Keuvel is a Private limited company incorporated in 2005. Its main activity is: Activities of holding companies. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.226.545

Incorporation

22/07/2005

Legal form

Private limited company

Registered office

Kalfstraat 35
8300 Knokke-Heist · FlandreSee on map

Contributed capital

7 875,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 46170Agents involved in the sale of food, beverages and tobacco 46170Agents involved in the sale of food, beverages and tobacco 46349Wholesale of beverages+3

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-11,4 k €	+82.6%	-65,5 k €	-182%	80,2 k €	-53.4%	172 k €	-1.9%	175,3 k €	+107%	84,7 k €	+478%	14,7 k €	+160%	5,6 k €	+135%	2,4 k €	-31.1%	3,5 k €	-5.3%	3,7 k €	+406%	-1,2 k €	-108%	15,4 k €	-42.1%	26,7 k €	-22.0%	34,2 k €	-31.8%	50,1 k €	+229%	15,2 k €	+569%	-3,2 k €	+14.7%	-3,8 k €	+56.8%	-8,8 k €
EBITDA	-15,1 k €	+77.9%	-68,5 k €	-193%	73,7 k €	-55.3%	165 k €	-4.6%	172,9 k €	+108%	83,1 k €	+512%	13,6 k €	+195%	4,6 k €	+300%	1,2 k €	+13.1%	1 k €	-71.5%	3,6 k €	+374%	-1,3 k €	-108%	15,3 k €	-42.3%	26,6 k €	-22.1%	34,1 k €	-31.9%	50,1 k €	+229%	15,2 k €	+560%	-3,3 k €	+16.7%	-4 k €	+74.5%	-15,6 k €
Operating result	-46,6 k €	+54.9%	-103,3 k €	-280%	57,5 k €	-61.4%	148,9 k €	+13.2%	131,5 k €	+62.4%	80,9 k €	+524%	13 k €	+225%	4 k €	+645%	536,5 €	+157%	208,7 €	-92.0%	2,6 k €	+225%	-2,1 k €	-114%	14,4 k €	-43.8%	25,6 k €	-23.7%	33,5 k €	-32.5%	49,6 k €	+233%	14,9 k €	+528%	-3,5 k €	+16.0%	-4,1 k €	+73.8%	-15,8 k €
Net result	1,1 M €	+32.6%	845,2 k €	+248%	243,1 k €	-66.2%	720,1 k €	+216%	227,8 k €	+77.8%	128,1 k €	+36.1%	94,2 k €	-55.5%	211,4 k €	+61.5%	130,9 k €	+1.1%	129,5 k €	-68.3%	408,1 k €	+460%	72,9 k €	+40.1%	52 k €	-43.1%	91,5 k €	-58.7%	221,8 k €	+1239%	16,6 k €	-88.6%	144,9 k €	+8.5%	133,6 k €	+87.2%	71,4 k €	-3.7%	74,1 k €
Balance sheet
Equity	3,2 M €	+5.1%	3 M €	+19.8%	2,5 M €	+10.6%	2,3 M €	+3.7%	2,2 M €	+11.5%	2 M €	+6.9%	1,9 M €	+5.3%	1,8 M €	+13.6%	1,6 M €	+9.2%	1,4 M €	+10.0%	1,3 M €	+46.0%	886,7 k €	+9.0%	813,7 k €	+6.8%	761,7 k €	+13.7%	670,2 k €	+49.5%	448,4 k €	+3.8%	431,8 k €	+50.5%	286,9 k €	+87.1%	153,4 k €	+87.1%	82 k €
Total assets	3,8 M €	+3.7%	3,6 M €	+20.8%	3 M €	+6.8%	2,8 M €	+10.5%	2,5 M €	+19.6%	2,1 M €	+11.8%	1,9 M €	+5.5%	1,8 M €	+1.0%	1,8 M €	+0.7%	1,8 M €	-1.3%	1,8 M €	+0.3%	1,8 M €	-0.3%	1,8 M €	+0.7%	1,8 M €	-3.4%	1,9 M €	+9.9%	1,7 M €	+1.1%	1,7 M €	+4.5%	1,6 M €	-2.5%	1,6 M €	+1.6%	1,6 M €
Cash	928,5 k €	+16.4%	797,6 k €	+155%	312,4 k €	-20.3%	392 k €	+190%	135,1 k €	+157%	52,5 k €	+98.9%	26,4 k €	-4.7%	27,7 k €	-20.8%	35 k €	+42.4%	24,6 k €	-41.1%	41,7 k €	+15.1%	36,2 k €	+17.8%	30,7 k €	+595%	4,4 k €	-93.3%	66,4 k €	+637%	9 k €	+3991%	220,3 €	-98.9%	20,1 k €	-66.9%	60,7 k €	+71.0%	35,5 k €
Debts	566,6 k €	-3.6%	587,5 k €	+26.1%	465,9 k €	-9.9%	517,3 k €	+56.4%	330,8 k €	+135%	140,7 k €	+215%	44,7 k €	+15.0%	38,9 k €	-83.3%	233,1 k €	-33.8%	352 k €	-30.0%	502,9 k €	-44.5%	906,9 k €	-7.7%	982,5 k €	-4.2%	1 M €	-13.0%	1,2 M €	-4.2%	1,2 M €	-0.0%	1,2 M €	-5.6%	1,3 M €	-11.7%	1,5 M €	-3.0%	1,5 M €
Other
Workforce	–		–		0,1 ETP	-50.0%	0,2 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Beernaert Xavier

Director · since 22 juillet 2005

Active

Ended mandates

Xavier Beernaert

Manager · since 22 juillet 2005

Ended

XAVIER BEERNAERT

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	01/01/2025	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	26/06/2026	29/07/2025	24/07/2024	25/07/2023	29/07/2022	02/07/2021
General meeting	23/06/2026	30/06/2025	27/06/2024	26/06/2023	30/06/2022	04/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	23/06/2026	26/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	24/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	02/07/2021	Dutch	PDF
Micro model	31/12/2019	29/06/2020	27/07/2020	Dutch	PDF
Micro model	31/12/2018	19/06/2019	19/07/2019	Dutch	PDF
Micro model	31/12/2017	15/06/2018	13/08/2018	Dutch	PDF
Micro model	31/12/2016	03/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	06/05/2015	07/10/2015	Dutch	PDF
Abridged model	31/12/2013	07/05/2014	26/09/2014	Dutch	PDF
Abridged model	31/12/2012	02/05/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/05/2011	28/11/2011	Dutch	PDF
Abridged model	31/12/2009	05/05/2010	29/09/2010	Dutch	PDF
Abridged model	31/12/2008	06/05/2009	24/09/2009	Dutch	PDF
Abridged model	31/12/2007	07/05/2008	17/07/2008	Dutch	PDF
Abridged model	31/12/2006	07/05/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 1 active · 2 ended

Active mandates

Beernaert Xavier

Director · since 22 juillet 2005

Active

Ended mandates

Xavier Beernaert

Manager · since 22 juillet 2005

Ended

XAVIER BEERNAERT

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2020
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/07/2006
KAPITAAL - AANDELEN
PDF
Other02/08/2005
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 20251,1 M €↑
2024
Annual accounts 2024845,2 k €↑
2023
Annual accounts 2023243,1 k €↓
2022
Annual accounts 2022720,1 k €↑
2021
Annual accounts 2021227,8 k €↑
2020
Annual accounts 2020128,1 k €↑
2019
Annual accounts 201994,2 k €↓
2018
Annual accounts 2018211,4 k €↑
2017
Annual accounts 2017130,9 k €↑
2016
Annual accounts 2016129,5 k €↓
2015
Annual accounts 2015408,1 k €↑
2014
Annual accounts 201472,9 k €↑
2013
Annual accounts 201352 k €↓
2012
Annual accounts 201291,5 k €↓
2011
Annual accounts 2011221,8 k €↑
2010
Annual accounts 201016,6 k €↓
2009
Annual accounts 2009144,9 k €↑
2008
Annual accounts 2008133,6 k €↑
2007
Annual accounts 200771,4 k €↓
2006
Annual accounts 200674,1 k €
22/07/2005
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

De Keuvel

Overview

What does De Keuvel do?

Trend over 20 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