ACTIVE

KEYSTONES

Financial year 2025 · closed on 31/03/2025
Net result
230,2 k €
+132.7% YoY
Gross margin
417,7 k €
+174.6% YoY
Equity
620,2 k €
+38.7% YoY

What does KEYSTONES do?

KEYSTONES is a Private limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Wevelgem.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0887.236.531
Incorporation
14/02/2007
Legal form
Private limited company
Registered office
Meerlaanstraat 57
8560 Wevelgem · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/03/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220162015201420132012201120102008
Income statement
Gross margin417,7 k €152,1 k €64,7 k €82,4 k €40,8 k €51,2 k €43,7 k €51,2 k €39,3 k €55,9 k €47,3 k €15,7 k €
EBITDA415,6 k €150,6 k €62,9 k €78,9 k €38,4 k €49,2 k €41,2 k €44,9 k €36,1 k €51,2 k €45,1 k €12,9 k €
Operating result347,1 k €145,7 k €58,7 k €74,9 k €32,1 k €33,6 k €40 k €44,1 k €28,4 k €35,8 k €28,4 k €4,4 k €
Net result230,2 k €98,9 k €35,8 k €46,3 k €13,7 k €18,1 k €32,3 k €9,3 k €12 k €19,4 k €9,3 k €-2,1 k €
Balance sheet
Equity620,2 k €447,1 k €349,8 k €315,7 k €104,2 k €90,4 k €72,3 k €45 k €35,7 k €23,7 k €13,3 k €4,1 k €
Total assets1,2 M €686,9 k €618,2 k €630 k €343,3 k €323,5 k €311,1 k €301,9 k €327,1 k €327,5 k €366,5 k €52,8 k €
Cash132 k €37 k €4,8 k €1,4 k €6 k €5 k €50,3 €4,6 k €3,3 k €6,1 k €3,5 k €8,5 k €
Debts565,2 k €230,8 k €259,3 k €305,3 k €232,2 k €232,8 k €238,5 k €256,8 k €291,3 k €303,8 k €353,2 k €48,4 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 31/03/2025 · 2 active · 4 ended

Active mandates

Els Vanneste

Bestuurder · since 01 janvier 2024

Active
Franky De Smet

Bestuurder · since 09 février 2007

Active

Ended mandates

Franky De Smet

Manager · since 14 février 2007

Ended
Franky De Smet

Director · since 09 février 2007

Ended
Franky De Smet

Manager · since 09 février 2007

Ended
Franky De Smet

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/10/202502/10/202425/10/202330/08/202230/08/202118/09/2020
General meeting26/09/202527/09/202429/09/202326/08/202227/08/202128/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202526/09/202517/10/2025DutchPDF
Abridged model31/03/202427/09/202402/10/2024DutchPDF
Abridged model31/03/202329/09/202325/10/2023DutchPDF
Abridged model31/03/202226/08/202230/08/2022DutchPDF
Abridged model31/03/202127/08/202130/08/2021DutchPDF
Abridged modelCorrection31/03/202028/08/202018/09/2020DutchPDF
Abridged model31/03/202028/08/202004/09/2020DutchPDF
Abridged model31/03/201930/08/201925/09/2019DutchPDF
Abridged model31/03/201831/08/201803/09/2018DutchPDF
Abridged model31/03/201725/08/201713/09/2017DutchPDF
Abridged model31/03/201626/08/201630/09/2016DutchPDF
Abridged model31/03/201528/08/201528/09/2015DutchPDF
Abridged model31/03/201429/08/201402/09/2014DutchPDF
Abridged model31/03/201330/08/201302/09/2013DutchPDF
Abridged model31/03/201214/09/201219/09/2012DutchPDF
Abridged model31/03/201104/11/201107/11/2011DutchPDF
Abridged model31/03/201030/09/201007/10/2010DutchPDF
Abridged model30/06/200806/02/200909/02/2009DutchPDF
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 31/03/2025 · 2 active · 4 ended

Active mandates

Els Vanneste

Bestuurder · since 01 janvier 2024

Active
Franky De Smet

Bestuurder · since 09 février 2007

Active

Ended mandates

Franky De Smet

Manager · since 14 février 2007

Ended
Franky De Smet

Director · since 09 février 2007

Ended
Franky De Smet

Manager · since 09 février 2007

Ended
Franky De Smet

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/02/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Registered office19/09/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office26/06/2015
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office16/09/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office27/03/2013
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other24/07/2009
    DOEL
    PDF
  • Other22/02/2007
    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

Timeline

  1. 2025
    Annual accounts 2025230,2 k €
  2. 2024
    Annual accounts 202498,9 k €
  3. 2023
    Annual accounts 202335,8 k €
  4. 2022
    Annual accounts 202246,3 k €
  5. 2016
    Annual accounts 201613,7 k €
  6. 2015
    Annual accounts 201518,1 k €
  7. 2014
    Annual accounts 201432,3 k €
  8. 2013
    Annual accounts 20139,3 k €
  9. 2012
    Annual accounts 201212 k €
  10. 2011
    Annual accounts 201119,4 k €
  11. 2010
    Annual accounts 20109,3 k €
  12. 2008
    Annual accounts 2008-2,1 k €
  13. 14/02/2007
    IncorporationPrivate limited company