Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
KES-Construct from Grobbendonk, company number BE0419005950, closed financial year 2025 with a result of € 46,571 after tax. For that financial year KES-Construct recorded a gross margin of € 132,870 and equity of € 648,928. Compared with financial year 2024, the result moved from € -50,608 to € 46,571. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 24, 2025.
€ 648,928
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,571
▲ still € 50,608 loss in 2024
Profit after tax over the fiscal year.
€ 86,716
▲ 238% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 586,928.
People and assets in 2025
€ 6,554
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 526,059
▼ 6% vs 2024
€ 33,051 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 1,567
▼ 68% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,469 | € 414,962 | € 20,127 | € 132,870 | ▲ € 112,743 |
| Profit after taxes | € -5,851 | € 348,879 | € -50,608 | € 46,571 | ▲ € 97,179 |
| Equity | € 304,086 | € 652,965 | € 602,357 | € 648,928 | ▲ 8% |
| Total debts | € 1,191,194 | € 830,359 | € 793,609 | € 739,682 | ▼ 7% |
| Cash | € 23,183 | € 69,293 | € 25,634 | € 86,716 | ▲ 238% |
| Land & buildings | € 1,653,105 | € 1,593,345 | € 1,546,033 | € 1,493,806 | ▼ 3% |
| Retained profit | € 242,086 | € 590,965 | € 540,357 | € 586,928 | ▲ 9% |
| Bank debt | € 925,212 | € 592,161 | € 559,110 | € 526,059 | ▼ 6% |
| Balance sheet total | € 1,701,602 | € 1,682,539 | € 1,588,072 | € 1,591,458 |
Key figures of KES-Construct, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to KES-Construct?
What happened at KES-Construct in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pascale Kestemont stepped down as director. NBB
- Thibaut Leys stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 46,571. Source: NBB ↗
- Pascale Kestemont became a director. NBB
- Thibaut Leys became a director. NBB
- New establishment in Grobbendonk. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,851 loss in 2022 to € 46,571 profit in 2025.
Best year ever: 2023, with € 348,879 profit.
Management
Directors
According to the 2025 annual accounts
Pascale Kestemont
Managing director
since 2023 · until 2029
Thibaut Leys
bestuurder
since 2023 · until 2029
Establishments
Establishment units
Physical locations of this company
Parklaan 13
2280 Grobbendonk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.005.950
- VAT number
- BE 0419.005.950
- Registered office
- Parklaan 13, 2280 Grobbendonk
- Names & denominations
- KES-Construct
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 1978
- Peppol
- Not registered