ACTIVE

KARLIS

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Financial year 2025 · closed on 31/12/2025

Net result

151,7 k €

+279.1% YoY

Gross margin

268,6 k €

+115.4% YoY

Equity

301,3 k €

+101.4% YoY

What does KARLIS do?

KARLIS is a Public limited company incorporated in 2005. Its main activity is: Electric power generation, transmission and distribution. Its registered office is in Beernem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.353.734

Incorporation

01/08/2005

Legal form

Public limited company

Registered office

Zomerstraat-Oost 22
8730 Beernem · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

35150Electric power generation, transmission and distribution· main 55203Holiday and other short-stay accommodation 68203Rental and operating of own or leased real estate 70200Management consultancy activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	268,6 k €	+115%	124,7 k €	+6.5%	117,1 k €	-1.9%	119,3 k €	+6.2%	112,3 k €	+3.7%	108,3 k €	-0.6%	109 k €	+0.6%	108,4 k €		–		–		105,4 k €	-41.4%	180 k €	-33.4%	270,3 k €	+66.7%	162,2 k €	+557%	24,7 k €	-33.2%	36,9 k €	-20.1%	46,2 k €
EBITDA	255,9 k €	+130%	111,1 k €	+5.6%	105,2 k €	-3.0%	108,4 k €	+6.6%	101,7 k €	+3.7%	98 k €	+1.6%	96,5 k €	+0.5%	96 k €	-55.7%	216,8 k €	+60.1%	135,4 k €	+29.8%	104,3 k €	-39.0%	171,1 k €	-34.6%	261,5 k €	+70.6%	153,3 k €	+548%	23,7 k €	-35.1%	36,4 k €	-19.7%	45,4 k €
Operating result	209,9 k €	+212%	67,2 k €	+24.7%	53,9 k €	-5.7%	57,1 k €	+13.4%	50,4 k €	+7.9%	46,7 k €	+6.6%	43,8 k €	+84.7%	23,7 k €	-83.8%	145,9 k €	+76.2%	82,8 k €	+78.7%	46,4 k €	-59.0%	113,1 k €	-45.4%	207,1 k €	+101%	102,9 k €	+275%	-58,7 k €	-36.2%	-43,1 k €	-338%	18,1 k €
Net result	151,7 k €	+279%	40 k €	+41.4%	28,3 k €	+0.9%	28,1 k €	+26.6%	22,2 k €	+9.4%	20,3 k €	+21.2%	16,7 k €	+16823%	98,7 €	-99.9%	84,4 k €	+59.5%	52,9 k €	+92.6%	27,5 k €	-60.8%	70,2 k €	-52.6%	147,9 k €	-1.1%	149,5 k €	+291%	-78,4 k €	-119%	-35,9 k €	-275%	20,5 k €
Balance sheet
Equity	301,3 k €	+101%	149,6 k €	+36.5%	109,6 k €	-86.3%	800,6 k €	+3.6%	772,5 k €	+3.0%	750,3 k €	-33.6%	1,1 M €	+1.5%	1,1 M €	+2.3%	1,1 M €	+8.4%	1 M €	+5.6%	951,2 k €	+3.0%	923,8 k €	+8.2%	853,6 k €	+21.0%	705,7 k €	+26.9%	556,2 k €	-12.4%	634,6 k €	-5.4%	670,5 k €
Total assets	621,5 k €	+20.2%	517 k €	-47.4%	982,5 k €	-23.6%	1,3 M €	-6.5%	1,4 M €	-20.2%	1,7 M €	+3.3%	1,7 M €	+3.2%	1,6 M €	+1.5%	1,6 M €	+9.5%	1,5 M €	+6.0%	1,4 M €	-3.5%	1,4 M €	+2.1%	1,4 M €	+26.0%	1,1 M €	+6.5%	1 M €	-20.1%	1,3 M €	+12.1%	1,2 M €
Cash	105,5 k €	+26.6%	83,4 k €	-83.8%	516 k €	-33.1%	771,6 k €	-4.3%	806,2 k €	-27.6%	1,1 M €	+14.5%	972,2 k €	+10.9%	876,9 k €	+59.8%	548,6 k €	+11.8%	490,9 k €	+43.7%	341,6 k €	-0.8%	344,5 k €	+321%	81,9 k €	+10.5%	74,1 k €	+165%	28 k €	-89.4%	264,8 k €	-60.4%	668,5 k €
Debts	280,3 k €	-23.7%	367,4 k €	-57.9%	872,9 k €	+87.2%	466,2 k €	-19.9%	581,9 k €	-38.9%	952,6 k €	+83.5%	519,2 k €	+7.1%	484,7 k €	-3.8%	503,7 k €	+11.9%	450,1 k €	+7.1%	420,1 k €	-15.5%	497,4 k €	-7.6%	538,1 k €	+34.8%	399,1 k €	-14.4%	466,2 k €	-29.8%	663,7 k €	+36.2%	487,4 k €

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 31/12/2025 · 2 active · 24 ended

Active mandates

Mathieu Maertens

Director · since 01 août 2025

Active

LILAND

Director · since 01 juin 2023 · 0700.286.946

Represented by Vincke LISE

Active

Ended mandates

LILAND

Director · since 01 juin 2023 · 0700.286.946

Represented by Vincke LISE

Ended

Anne Verstraete

Director · since 28 juin 2018 · until 27 juin 2024

Ended

Vincke Lise

Managing director · since 28 juin 2018 · until 27 juin 2024

Ended

HALCYON

Director · since 28 juin 2012 · 0466.600.781

Represented by KAREL VINCKE

Ended

At this address

Other companies at this address

Company	CBE no.
LILAND● Active	0700.286.946

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro 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	25/08/2026	27/06/2025	16/07/2024	07/07/2023	16/08/2022	31/08/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	29/06/2023	29/07/2022	31/07/2021
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
Micro model	31/12/2025	25/06/2026	25/08/2026	Dutch	PDF
Micro model	31/12/2024	26/06/2025	27/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/06/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	29/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/07/2022	16/08/2022	Dutch	PDF
Abridged model	31/12/2020	31/07/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	29/06/2020	Dutch	PDF
Abridged model	31/12/2018	31/07/2019	28/08/2019	Dutch	PDF
Abridged model	31/12/2017	28/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	29/06/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	11/04/2016	11/05/2016	Dutch	PDF
Full model	31/12/2014	25/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	26/06/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	27/06/2013	13/08/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	23/08/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	18/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	26/06/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	06/07/2007	Dutch	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 31/12/2025 · 2 active · 24 ended

Active mandates

Mathieu Maertens

Director · since 01 août 2025

Active

LILAND

Director · since 01 juin 2023 · 0700.286.946

Represented by Vincke LISE

Active

Ended mandates

LILAND

Director · since 01 juin 2023 · 0700.286.946

Represented by Vincke LISE

Ended

Anne Verstraete

Director · since 28 juin 2018 · until 27 juin 2024

Ended

Vincke Lise

Managing director · since 28 juin 2018 · until 27 juin 2024

Ended

HALCYON

Director · since 28 juin 2012 · 0466.600.781

Represented by KAREL VINCKE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/06/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/11/2020
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office26/03/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/04/2012
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
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 2025151,7 k €↑
2024
Annual accounts 202440 k €↑
2023
Annual accounts 202328,3 k €↑
2022
Annual accounts 202228,1 k €↑
2021
Annual accounts 202122,2 k €↑
2020
Annual accounts 202020,3 k €↑
2019
Annual accounts 201916,7 k €↑
2018
Annual accounts 201898,7 €↓
2014
Annual accounts 201484,4 k €↑
2013
Annual accounts 201352,9 k €↑
2012
Annual accounts 201227,5 k €↓
2011
Annual accounts 201170,2 k €↓
2010
Annual accounts 2010147,9 k €↓
2009
Annual accounts 2009149,5 k €↑
2008
Annual accounts 2008-78,4 k €↓
2007
Annual accounts 2007-35,9 k €↓
2006
Annual accounts 200620,5 k €
01/08/2005
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

KARLIS

Overview

What does KARLIS 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