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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Shrinking team NBB
FTE fell two years in a row, from 37.6 to 32.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Group De Keyzer from Menen, company number BE0446214351, closed financial year 2025 with a result of € 93,511 after tax. For that financial year Group De Keyzer recorded a gross margin of € 2 million and equity of € 2.9 million. Compared with financial year 2024, the result moved from € 4,054 to € 93,511. 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 June 17, 2026.
€ 2.9 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 93,511
▲ € 89,457 vs 2024
Profit after tax over the fiscal year.
€ 77,184
▼ 5% 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 € 2.8 million.
People and assets in 2025
32
▼ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 5% vs 2024
€ 56,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 94,480
▼ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 64,826
▼ 9% vs 2024
€ 27,013 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 743,976
▲ 177% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 355,215
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,068,909 | € 2,023,436 | € 1,812,053 | € 2,024,329 | ▲ 12% |
| Profit after taxes | € 5,514 | € 10,921 | € 4,054 | € 93,511 | ▲ € 89,457 |
| Equity | € 2,753,194 | € 2,763,317 | € 2,767,364 | € 2,860,874 | ▲ 3% |
| Total debts | € 1,696,781 | € 1,435,417 | € 1,671,879 | € 1,281,868 | ▼ 23% |
| Cash | € 386,435 | € 183,444 | € 81,153 | € 77,184 | ▼ 5% |
| Retained profit | € 2,701,968 | € 2,712,889 | € 2,716,942 | € 2,810,453 | ▲ 3% |
| Bank debt | € 86,191 | € 59,103 | € 71,190 | € 64,826 | ▼ 9% |
| Balance sheet total | € 4,450,243 | € 4,198,737 | € 4,439,243 | € 4,142,742 | ▼ 7% |
| Employees (FTE) | 43.2 | 37.6 | 34.6 | 32 | ▼ 2.6 |
Key figures of Group De Keyzer, 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 Group De Keyzer?
What happened at Group De Keyzer in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 93,511 (▲ € 89,457 vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,514 profit in 2022 to € 93,511 profit in 2025.
Paid € 88,259 in corporate taxes since 2022.
Best year ever: 2025, with € 93,511 profit.
On average € 63,300 of value added per employee in 2025.
Management
The stake of De Keyzer Beheer comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Group De KeyzerBehind Group De Keyzer are Hans De Keyzer, Bart De Keyzer and Koen De Keyzer. The shares are held by De Keyzer Beheer (100%).
Directors
According to the 2025 annual accounts
Hans De Keyzer
Managing director
Also active at: De Keyzer Invest, De Keyzer, De Keyzer Projects, HDK Holding, De Keyzer Immo, Wilo1, De Keyzer Beheer
Bart De Keyzer
Managing director
Also active at: De Keyzer Invest, De Keyzer, De Keyzer Projects, BDK Holding, De Keyzer Immo, Wilo1, De Keyzer Beheer
Koen De Keyzer
Managing director
Also active at: De Keyzer Invest, De Keyzer, De Keyzer Projects, KDK Holding, De Keyzer Immo, Wilo1, De Keyzer Beheer
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrielaan 55
8930 Menen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →De Keyzer Invest same network
€ 205,008 gross margin · 2025
De Keyzer same network
€ 1.5 million gross margin · 2025
De Keyzer Projects same network
€ 61,831 gross margin · 2025
HDK Holding same network
€ 14,259 gross margin · 2025
KDK Holding same network
€ 24,093 gross margin · 2025
+5 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
- 0446.214.351
- VAT number
- BE 0446.214.351
- Registered office
- Industrielaan 55, 8930 Menen
- Names & denominations
- Group De Keyzer
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 1991
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
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