ACTIVE

SPECIAAL FONDS KWI

Financial year 2025 · Closed on 31/12/2025

Net result165,6 k €-16,8 %over 1 year
Gross margin243,8 k €-1,4 %over 1 year
Equity5,1 M €+14,8 %over 1 year

Identity

Source · BCE/KBO

SPECIAAL FONDS KWI is a Non-profit organization incorporated in 2006. Its registered office is in Bredene.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0882.188.868
Incorporation
16/06/2006
Legal form
Non-profit organization
Registered office
Prinses Elisabethlaan 13
8450 Bredene · FlandreSee on map
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 6 filings

Trend over 6 financial years

20252024202320222021
Income statement
Gross margin243,8 k €247,4 k €273,2 k €282,9 k €160,5 k €
EBITDA231 k €235,3 k €258,9 k €270,3 k €150,1 k €
Operating result165,7 k €170 k €193,5 k €206,5 k €150,1 k €
Net result165,6 k €198,9 k €434,8 k €131,9 k €146,9 k €
Balance sheet
Equity5,1 M €4,4 M €4,8 M €4,6 M €4,1 M €
Total assets6,6 M €6,1 M €6,5 M €6,4 M €6,1 M €
Cash112 k €126,3 k €291 k €33,4 k €167,9 k €
Debts1,5 M €1,6 M €1,7 M €1,8 M €1,9 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Georges Heeren

Chairman of the board of directors · since 17 juin 2022

Active
Jan Vercruysse

Director

Active
Paul Gerard

Director

Active
Serge Maes

Director

Active

Ended mandates

Dirk Floren

Director · until 03 avril 2023

Ended
Dirk Floren

Director

Ended
Erik Verbrugghe

Director

Ended
Michel Lambrechts

Director

Ended

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date02/06/202626/05/202511/06/202430/06/202312/07/202213/07/2021
General meeting22/05/202616/05/202524/05/202416/06/202317/06/202211/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202522/05/202602/06/2026DutchPDF
Abridged model31/12/202416/05/202526/05/2025DutchPDF
Abridged model31/12/202324/05/202411/06/2024DutchPDF
Abridged model31/12/202216/06/202330/06/2023DutchPDF
Abridged model31/12/202117/06/202212/07/2022DutchPDF
Abridged model31/12/202011/06/202113/07/2021DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Georges Heeren

Chairman of the board of directors · since 17 juin 2022

Active
Jan Vercruysse

Director

Active
Paul Gerard

Director

Active
Serge Maes

Director

Active

Ended mandates

Dirk Floren

Director · until 03 avril 2023

Ended
Dirk Floren

Director

Ended
Erik Verbrugghe

Director

Ended
Michel Lambrechts

Director

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates24/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates15/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/11/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF

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 2025165,6 k €↓
  2. 2024
    Annual accounts 2024198,9 k €↓
  3. 2023
    Annual accounts 2023434,8 k €↑
  4. 2022
    Annual accounts 2022131,9 k €↓
  5. 2021
    Annual accounts 2021146,9 k €↑
  6. 2020
    Annual accounts 2020138,3 k €
  7. 16/06/2006
    IncorporationNon-profit organization