ACTIVE

KSP

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Financial year 2025 · closed on 31/12/2025

Net result

19,6 k €

+455.3% YoY

Gross margin

41,3 k €

-18.3% YoY

Equity

336,8 k €

-19.3% YoY

What does KSP do?

KSP is a Private limited company incorporated in 2006. Its main activity is: Wholesale of hardware, plumbing and heating equipment and supplies. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0880.777.321

Incorporation

18/04/2006

Legal form

Private limited company

Registered office

Bd 2me Armée Britannique 43
1190 Forest · Bruxelles

Contributed capital

15 200,00 €

Latest accounts

31/12/2025

Activities (NACE)

46741Wholesale of hardware, plumbing and heating equipment and supplies· main 46841Wholesale trade, except of motor vehicles and motorcycles 51541Air transport 47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 52461Warehousing and support activities for transportation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	41,3 k €	-18.3%	50,6 k €	-51.1%	103,4 k €	+12.1%	92,2 k €		–		50,3 k €	-29.2%	71,0 k €	+21.5%	58,4 k €	-1.2%	59,1 k €	-65.9%	173,3 k €	+841%	18,4 k €	-73.9%	70,6 k €	+160%	27,2 k €	-45.5%	49,8 k €	+1.6%	49,0 k €	+84.0%	26,6 k €	-26.4%	36,2 k €	+78.4%	20,3 k €	+15.1%	17,6 k €	+611%	-3,4 k €
EBITDA	34,9 k €	+348%	7,8 k €	-85.3%	53,1 k €	+6.9%	49,7 k €	-51.0%	101,5 k €	+309%	24,8 k €	-63.6%	68,1 k €	+28.0%	53,2 k €	-8.0%	57,8 k €	-66.4%	172,0 k €	+156%	67,3 k €	-2.8%	69,2 k €	+165%	26,1 k €	-46.5%	48,9 k €	+75.0%	27,9 k €	+170%	10,4 k €	-41.1%	17,6 k €	-10.0%	19,5 k €	+11.5%	17,5 k €	+609%	-3,4 k €
Operating result	25,0 k €	+532%	-5,8 k €	-115%	37,6 k €	+11.4%	33,8 k €	-60.9%	86,4 k €	+616%	12,1 k €	-78.6%	56,3 k €	+38.8%	40,6 k €	-10.7%	45,5 k €	-71.6%	160,0 k €	+183%	56,6 k €	-5.0%	59,6 k €	+246%	17,2 k €	-57.9%	40,9 k €	+336%	9,4 k €	+305%	2,3 k €	-76.3%	9,7 k €	-36.2%	15,3 k €	-1.1%	15,4 k €	+417%	-4,9 k €
Net result	19,6 k €	+455%	-5,5 k €	-119%	29,1 k €	+8.1%	26,9 k €	-60.7%	68,4 k €	+652%	9,1 k €	-79.1%	43,5 k €	+42.6%	30,5 k €	-3.6%	31,7 k €	-70.5%	107,2 k €	+170%	39,6 k €	-4.9%	41,7 k €	+181%	14,8 k €	-48.8%	29,0 k €	+355%	6,4 k €	+1470%	405,1 €	-91.5%	4,8 k €	-57.1%	11,2 k €	-5.5%	11,8 k €	+313%	-5,5 k €
Balance sheet
Equity	336,8 k €	-19.3%	417,1 k €	-1.3%	422,7 k €	+0.3%	421,6 k €	+0.5%	419,7 k €	+7.3%	391,2 k €	+2.4%	382,1 k €	+12.9%	338,6 k €	+9.9%	308,1 k €	+11.5%	276,4 k €	+63.3%	169,3 k €	+30.6%	129,7 k €	+47.4%	88,0 k €	+20.3%	73,2 k €	+65.5%	44,2 k €	+16.8%	37,8 k €	+1.1%	37,4 k €	+14.7%	32,6 k €	+52.0%	21,5 k €	+122%	9,7 k €
Total assets	358,9 k €	-22.9%	465,5 k €	-10.9%	522,4 k €	-5.2%	551,2 k €	+0.3%	549,7 k €	+15.5%	476,0 k €	+7.1%	444,4 k €	-3.5%	460,5 k €	+17.4%	392,3 k €	-10.7%	439,6 k €	+45.4%	302,2 k €	+28.0%	236,1 k €	+21.5%	194,3 k €	-2.4%	199,1 k €	+29.6%	153,6 k €	+20.5%	127,5 k €	+8.2%	117,8 k €	+45.6%	80,9 k €	+126%	35,8 k €	+158%	13,9 k €
Cash	234,2 k €	-24.1%	308,4 k €	-12.0%	350,5 k €	-6.4%	374,4 k €	+3.2%	362,7 k €	-4.5%	379,9 k €	+20.7%	314,8 k €	+5.6%	298,0 k €	+9.5%	272,2 k €	-3.0%	280,5 k €	+136%	118,8 k €	+0.4%	118,3 k €	+12.8%	104,9 k €	+27.3%	82,4 k €	+64.1%	50,2 k €	-1.0%	50,7 k €	-2.9%	52,2 k €	+104%	25,6 k €	+124%	11,4 k €	+2351%	466,0 €
Debts	22,1 k €	-51.0%	45,2 k €	-54.7%	99,7 k €	-22.1%	127,9 k €	-0.6%	128,8 k €	+54.3%	83,4 k €	+36.8%	61,0 k €	-49.4%	120,6 k €	+43.2%	84,2 k €	-48.4%	163,1 k €	+22.7%	132,9 k €	+136%	56,4 k €	+0.2%	56,3 k €	-19.5%	69,9 k €	+18.0%	59,3 k €	+0.6%	58,9 k €	-9.9%	65,4 k €	+35.5%	48,3 k €	+237%	14,3 k €	+241%	4,2 k €
Other
Workforce	–		–		–		1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Thierry Electeur

Mandate

Active

Ended mandates

Jean-Louis Deregnoncourt

Manager · since 11 avril 2006

Ended

Thierry ELCTEUR

Manager · since 11 avril 2006

Ended

Thierry Electeur

Manager · since 11 avril 2006

Ended

Jean-Louis Deregoncourt

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Full model	Micro 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	18/08/2026	13/08/2025	30/08/2024	30/08/2023	24/08/2022	23/08/2021
General meeting	20/07/2026	15/07/2025	28/08/2024	29/08/2023	22/08/2022	07/06/2021
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
Micro model	31/12/2025	20/07/2026	18/08/2026	French	PDF
Micro model	31/12/2024	15/07/2025	13/08/2025	French	PDF
Micro model	31/12/2023	28/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	29/08/2023	30/08/2023	French	PDF
Full model	31/12/2021	22/08/2022	24/08/2022	French	PDF
Micro model	31/12/2020	07/06/2021	23/08/2021	French	PDF
Micro model	31/12/2019	01/06/2020	09/11/2020	French	PDF
Abridged model	31/12/2018	03/06/2019	19/06/2019	French	PDF
Abridged model	31/12/2017	04/06/2018	03/08/2018	French	PDF
Abridged model	31/12/2016	05/06/2017	20/09/2017	French	PDF
Abridged model	31/12/2015	06/06/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	01/06/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	02/06/2014	28/12/2014	French	PDF
Abridged model	31/12/2012	03/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	04/06/2012	24/09/2012	French	PDF
Abridged model	31/12/2010	06/06/2011	01/08/2011	French	PDF
Abridged model	31/12/2009	07/06/2010	11/08/2010	French	PDF
Abridged model	31/12/2008	01/06/2009	29/08/2009	French	PDF
Abridged model	31/12/2007	02/06/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	07/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 ended

Active mandates

Thierry Electeur

Mandate

Active

Ended mandates

Jean-Louis Deregnoncourt

Manager · since 11 avril 2006

Ended

Thierry ELCTEUR

Manager · since 11 avril 2006

Ended

Thierry Electeur

Manager · since 11 avril 2006

Ended

Jean-Louis Deregoncourt

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION
PDF
Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other27/04/2006
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202519,6 k €↑
2024
Annual accounts 2024-5,5 k €↓
2023
Annual accounts 202329,1 k €↑
2023
Name changeKSP
2022
Annual accounts 202226,9 k €↓
2021
Annual accounts 202168,4 k €↑
2021
Name changeKING'S SHOPS PROJECTS
2020
Annual accounts 20209,1 k €↓
2019
Annual accounts 201943,5 k €↑
2018
Annual accounts 201830,5 k €↓
2017
Annual accounts 201731,7 k €↓
2016
Annual accounts 2016107,2 k €↑
2015
Annual accounts 201539,6 k €↓
2014
Annual accounts 201441,7 k €↑
2013
Annual accounts 201314,8 k €↓
2012
Annual accounts 201229,0 k €↑
2011
Annual accounts 20116,4 k €↑
2010
Annual accounts 2010405,1 €↓
2009
Annual accounts 20094,8 k €↓
2008
Annual accounts 200811,2 k €↓
2007
Annual accounts 200711,8 k €↑
2006
Annual accounts 2006-5,5 k €
18/04/2006
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

KSP

Overview

What does KSP 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