ACTIVE

KERN

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Financial year 2025 · closed on 31/12/2025

Net result

-301,4 k €

-49.7% YoY

Gross margin

658 k €

-2.9% YoY

Equity

956 k €

-24.0% YoY

Workforce

9,0 ETP

-7.2% YoY

What does KERN do?

KERN is a Public limited company incorporated in 2005. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Asse. It employs on average 9,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0876.380.845

Incorporation

30/09/2005

Legal form

Public limited company

Registered office

Doornveld 161
1731 Asse · FlandreSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2025

Average workforce

9,0 ETP

Activities (NACE)

46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main 46699Wholesale of other machinery and equipment 51872Air transport 51873Air transport

Signals

Solid equityLow riskGood liquidityHealthy social debts

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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	658 k €	-2.9%	677,4 k €	-43.1%	1,2 M €	-16.1%	1,4 M €	+51.6%	935,8 k €	-27.3%	1,3 M €	+91.0%	674 k €	-60.4%	1,7 M €	+26.0%	1,4 M €	+10.1%	1,2 M €	-7.8%	1,3 M €	-11.8%	1,5 M €	+35.8%	1,1 M €	-31.4%	1,6 M €	-13.3%	1,9 M €	+5.2%	1,8 M €	+27.4%	1,4 M €	+32.3%	1,1 M €	+13.2%	931,2 k €	+15.2%	808,5 k €
EBITDA	-313 k €	-99.6%	-156,8 k €	-652%	28,4 k €	-93.7%	448,8 k €	+495%	75,4 k €	-70.4%	254,6 k €	+165%	-394,5 k €	-176%	519,1 k €	+180%	185,2 k €	+86.2%	99,5 k €	-19.8%	124,1 k €	-55.1%	276,4 k €	+10087%	-2,8 k €	-101%	462,5 k €	-17.2%	558,3 k €	+3.1%	541,8 k €	+21.8%	445 k €	+40.2%	317,3 k €	+42.0%	223,5 k €	+71.4%	130,4 k €
Operating result	-297,8 k €	-56.1%	-190,7 k €	-500%	47,7 k €	-89.2%	439,9 k €	+17.7%	373,8 k €	-22.4%	481,7 k €	+199%	-488,8 k €	-179%	621,4 k €	+573%	92,3 k €	+17.2%	78,8 k €	-22.2%	101,2 k €	-57.7%	239,2 k €	+2273%	-11 k €	-103%	394,7 k €	-25.3%	528,7 k €	+4.4%	506,2 k €	+25.2%	404,5 k €	+48.3%	272,7 k €	+54.2%	176,9 k €	+85.8%	95,2 k €
Net result	-301,4 k €	-49.7%	-201,3 k €	-1084%	20,4 k €	-93.3%	307,4 k €	+19.8%	256,5 k €	-32.5%	380,3 k €	+170%	-543,3 k €	-242%	383,9 k €	+1055%	33,2 k €	+47.5%	22,5 k €	-28.8%	31,6 k €	-70.8%	108,3 k €	+514%	-26,2 k €	-117%	151,4 k €	-41.4%	258,2 k €	+43.9%	179,4 k €	+0.3%	178,9 k €	+24.6%	143,6 k €	+35.9%	105,7 k €	+146%	43 k €
Balance sheet
Equity	956 k €	-24.0%	1,3 M €	-13.8%	1,5 M €	+1.4%	1,4 M €	+27.2%	1,1 M €	+29.3%	874,3 k €	+30.4%	670,5 k €	-44.8%	1,2 M €	+46.3%	829,9 k €	+4.2%	796,6 k €	+2.9%	774,1 k €	-5.9%	822,5 k €	+15.2%	714,1 k €	-3.5%	740,3 k €	+7.5%	688,9 k €	+9.2%	630,7 k €	+14.4%	551,2 k €	+48.1%	372,3 k €	+62.8%	228,7 k €	+85.9%	123 k €
Total assets	1,4 M €	-18.3%	1,7 M €	-12.9%	2 M €	-25.5%	2,6 M €	+96.4%	1,3 M €	+12.7%	1,2 M €	+2.7%	1,2 M €	-43.8%	2,1 M €	+13.9%	1,8 M €	+22.7%	1,5 M €	+40.7%	1,1 M €	-25.1%	1,4 M €	-25.0%	1,9 M €	-34.8%	2,9 M €	+45.5%	2 M €	+26.0%	1,6 M €	+36.2%	1,2 M €	+0.3%	1,1 M €	+18.1%	971,1 k €	-49.2%	1,9 M €
Cash	98 k €	-64.7%	277,7 k €	-21.2%	352,7 k €	-1.1%	356,7 k €	+88.6%	189,1 k €	-8.8%	207,5 k €	-8.1%	225,7 k €	-59.1%	551,7 k €	+10.4%	499,9 k €	+182%	177,5 k €	-55.7%	401,1 k €	+157%	156,1 k €	+173%	57,2 k €	-80.4%	291,3 k €	+7.6%	270,7 k €	+131%	117,2 k €	-9.4%	129,3 k €	-52.2%	270,7 k €	+214%	86,1 k €	-71.2%	298,7 k €
Debts	441,9 k €	+2.0%	433,2 k €	-12.4%	494,6 k €	-56.9%	1,1 M €	+449%	209 k €	-34.1%	317,1 k €	-11.9%	360 k €	-49.4%	710,9 k €	-23.6%	929,9 k €	+44.4%	644 k €	+163%	244,9 k €	-55.2%	546,5 k €	-52.4%	1,1 M €	-43.4%	2 M €	+61.8%	1,3 M €	+48.7%	843,4 k €	+53.1%	550,8 k €	-27.8%	762,5 k €	+11.8%	681,9 k €	-49.7%	1,4 M €
Other
Workforce	9,0 ETP	-7.2%	9,7 ETP	-18.5%	11,9 ETP	-1.7%	12,1 ETP	-1.6%	12,3 ETP	-9.6%	13,6 ETP	0.0%	13,6 ETP	-4.9%	14,3 ETP	-5.9%	15,2 ETP	-12.6%	17,4 ETP	-3.3%	18,0 ETP	0.0%	18,0 ETP	0.0%	18,0 ETP	0.0%	18,0 ETP	-20.0%	22,5 ETP	+14.8%	19,6 ETP	+37.1%	14,3 ETP	+21.2%	11,8 ETP	+10.3%	10,7 ETP	+24.4%	8,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 13 ended

Active mandates

Stefan Wüthrich

Director · since 09 juin 2023 · until 08 juin 2029

Active

Yves Moustie

Chairman of the board of directors · since 09 juin 2023 · until 08 juin 2029

Active

Ended mandates

KERN

Chairman of the board of directors · since 09 juin 2017 · until 08 juin 2023 · 0876.380.845

Ended

Kern Ulrich

Director · since 09 juin 2017 · until 08 juin 2023

Ended

Ulrich Kern

Director · since 09 juin 2017 · until 08 juin 2023

Ended

Ulrich Kern

Director · since 09 juin 2017 · until 09 juin 2023

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	13/07/2026	30/06/2025	10/07/2024	19/06/2023	17/06/2022	08/07/2021
General meeting	12/06/2026	13/06/2025	14/06/2024	09/06/2023	10/06/2022	11/06/2021
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	12/06/2026	13/07/2026	Dutch	PDF
Abridged model	31/12/2024	13/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	14/06/2024	10/07/2024	Dutch	PDF
Abridged model	31/12/2022	09/06/2023	19/06/2023	Dutch	PDF
Abridged model	31/12/2021	10/06/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	08/07/2021	Dutch	PDF
Abridged model	31/12/2019	12/06/2020	18/06/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	09/06/2017	20/06/2017	Dutch	PDF
Abridged model	31/12/2015	10/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	12/06/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	13/06/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	14/06/2013	18/06/2013	Dutch	PDF
Abridged model	31/12/2011	08/06/2012	12/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	21/06/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	13/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	10/07/2007	29/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 13 ended

Active mandates

Stefan Wüthrich

Director · since 09 juin 2023 · until 08 juin 2029

Active

Yves Moustie

Chairman of the board of directors · since 09 juin 2023 · until 08 juin 2029

Active

Ended mandates

KERN

Chairman of the board of directors · since 09 juin 2017 · until 08 juin 2023 · 0876.380.845

Ended

Kern Ulrich

Director · since 09 juin 2017 · until 08 juin 2023

Ended

Ulrich Kern

Director · since 09 juin 2017 · until 08 juin 2023

Ended

Ulrich Kern

Director · since 09 juin 2017 · until 09 juin 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/05/2009
MAATSCHAPPELIJKE ZETEL
PDF
Other10/10/2005
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 2025-301,4 k €↓
2024
Annual accounts 2024-201,3 k €↓
2023
Annual accounts 202320,4 k €↓
2022
Annual accounts 2022307,4 k €↑
2021
Annual accounts 2021256,5 k €↓
2020
Annual accounts 2020380,3 k €↑
2019
Annual accounts 2019-543,3 k €↓
2018
Annual accounts 2018383,9 k €↑
2017
Annual accounts 201733,2 k €↑
2016
Annual accounts 201622,5 k €↓
2015
Annual accounts 201531,6 k €↓
2014
Annual accounts 2014108,3 k €↑
2013
Annual accounts 2013-26,2 k €↓
2012
Annual accounts 2012151,4 k €↓
2011
Annual accounts 2011258,2 k €↑
2010
Annual accounts 2010179,4 k €↑
2009
Annual accounts 2009178,9 k €↑
2008
Annual accounts 2008143,6 k €↑
2007
Annual accounts 2007105,7 k €↑
2006
Annual accounts 200643 k €
30/09/2005
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

KERN

Overview

What does KERN 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