Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Kef from Aarschot, company number BE0423193875, closed financial year 2025 with a result of € -52,857 after tax. For that financial year Kef recorded a gross margin of € 248,443 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -36,780 to € -52,857. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 1.5 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52,857
▼ 44 % more loss than in 2024
Profit after tax over the fiscal year.
€ 23,163
▼ 57% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -132,005.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1,596
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 795,170
▼ 4% vs 2024
€ 58,905 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 13,786
▼ 89% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 174,377 | € 197,757 | € 236,301 | € 248,443 | ▲ 5% |
| Profit after taxes | € -47,101 | € -49,068 | € -36,780 | € -52,857 | ▼ € 16,077 |
| Equity | € 1,682,458 | € 1,633,390 | € 1,596,610 | € 1,543,753 | ▼ 3% |
| Total debts | € 542,421 | € 472,267 | € 949,499 | € 814,456 | ▼ 14% |
| Cash | € 11,452 | € 58,718 | € 53,438 | € 23,163 | ▼ 57% |
| Land & buildings | € 2,202,919 | € 2,033,980 | € 2,477,042 | € 2,326,822 | ▼ 6% |
| Retained profit | € 6,700 | € -42,368 | € -79,148 | € -132,005 | ▼ € 52,857 |
| Bank debt | € 532,619 | € 464,093 | € 824,525 | € 795,170 | ▼ 4% |
| Balance sheet total | € 2,225,092 | € 2,105,657 | € 2,546,109 | € 2,358,210 | ▼ 7% |
Key figures of Kef, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Kef?
What happened at Kef in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Evelien Renier stepped down as director. NBB
- Pamoek BV stepped down as director. NBB
- Elisa Renier stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 52,857. Source: NBB ↗
- Evelien Renier became a director. NBB
- Pamoek BV became a director. NBB
- Elisa Renier became a director. NBB
- New establishment in Aarschot. KBO
In short
From € 47,101 loss in 2022 to € 52,857 loss in 2025.
Management
The stake of PAMOEK, ROTSVAST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KefThe shares are held by PAMOEK (70.1%) and ROTSVAST (29.9%).
Directors
According to the 2025 annual accounts
Evelien Renier
Director
Also active at: ROTSVAST, CARRIERES DE LA PREALLE, RENIER NATUURSTEEN, Calcaire de Vinalmont, QUARUK, PAMOEK
since 2023 · until 2029
Managing director · represented by Stijn Renier
Also active at: ROTSVAST, CARRIERES DE LA PREALLE, RENIER NATUURSTEEN, Calcaire de Vinalmont, QUARUK
since 2023 · until 2029
Elisa Renier
Director
since 2023 · until 2029
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Nijverheidslaan 1
3200 Aarschot
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →ROTSVAST same network
€ 227,411 gross margin · 2025
Union belge de la Pierre Blanche Naturelle - Belgische Vereniging van de Witte Natuursteen
RENIER NATUURSTEEN same network
€ 1.8 million gross margin · 2025
ESTRUS
€ 29,511 gross margin · 2025
Helical
€ 45,264 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.193.875
- VAT number
- BE 0423.193.875
- Registered office
- Nijverheidslaan 1, 3200 Aarschot
- Names & denominations
- Kef
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 1982
- Peppol
- Active · Active since 28 Oct 2025