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 32 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Holding Ketele from Hove, company number BE0447084183, closed financial year 2025 with a result of € 56,395 after tax. For that financial year Holding Ketele recorded a gross margin of € 93,834 and equity of € 445,010. Compared with financial year 2024, the result moved from € 31,398 to € 56,395. 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 July 15, 2026.
€ 445,010
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,395
▲ 80% vs 2024
Profit after tax over the fiscal year.
€ 10,446
▼ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 25,263 paid out
45 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 357,126
▼ 11% vs 2024
€ 43,895 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 4,980
▼ 2% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,628
▲ 108% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 63,597 | € 65,941 | € 54,618 | € 93,834 | ▲ 72% |
| Profit after taxes | € 37,540 | € 38,691 | € 31,398 | € 56,395 | ▲ 80% |
| Equity | € 373,789 | € 412,480 | € 413,878 | € 445,010 | ▲ 8% |
| Total debts | € 576,584 | € 529,996 | € 521,971 | € 451,100 | ▼ 14% |
| Cash | € 20,058 | € 26,481 | € 14,340 | € 10,446 | ▼ 27% |
| Retained profit | € 312,289 | € 350,980 | € 352,378 | € 383,510 | ▲ 9% |
| Dividend | € 0 | € 0 | € 30,000 | € 25,263 | ▼ 16% |
| Bank debt | € 486,018 | € 443,514 | € 400,552 | € 357,126 | ▼ 11% |
| Balance sheet total | € 950,373 | € 942,476 | € 935,849 | € 896,110 | ▼ 4% |
Key figures of Holding Ketele, 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 Holding Ketele?
What happened at Holding Ketele in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 56,395 (▲ 80% vs 2024). Source: NBB ↗
- New establishment in Hove. KBO
- Start of the company according to the CBE. KBO
In short
From € 37,540 profit in 2022 to € 56,395 profit in 2025.
Paid € 75,387 in corporate taxes since 2022.
Best year ever: 2025, with € 56,395 profit.
Paid out € 55,263 in dividends to the owners in total.
Management
Behind Holding Ketele are Erik Ketele and Olivier Ketele. It owns 99.9% of Ketele NV and 99.9% of Graflux NV itself.
Establishments
Establishment units
Physical locations of this company
Elzenstraat 47
2540 Hove
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.084.183
- VAT number
- BE 0447.084.183
- Registered office
- Elzenstraat 47, 2540 Hove
- Names & denominations
- Holding Ketele
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 1992
- Peppol
- Active · Active since 5 Mar 2025
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