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 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
De Keyzer Projects from Menen, company number BE0460994577, closed financial year 2025 with a result of € 16,200 after tax. For that financial year De Keyzer Projects recorded a gross margin of € 61,831 and equity of € 58,533. Compared with financial year 2024, the result moved from € 8,984 to € 16,200. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ 58,533
▲ 38% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,200
▲ 80% vs 2024
Profit after tax over the fiscal year.
€ 7,698
▼ 69% 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 € 52,333.
Debts at end 2025
€ 246,095
▼ 14% vs 2024
€ 46,667 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 28,611
▲ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 74,407 | € 76,829 | € 55,798 | € 61,831 | ▲ 11% |
| Profit after taxes | € 22,285 | € 24,045 | € 8,984 | € 16,200 | ▲ 80% |
| Equity | € 9,304 | € 33,349 | € 42,333 | € 58,533 | ▲ 38% |
| Total debts | € 892,826 | € 741,929 | € 721,974 | € 571,631 | ▼ 21% |
| Cash | € 207,421 | € 109,634 | € 24,563 | € 7,698 | ▼ 69% |
| Land & buildings | € 685,768 | € 661,833 | € 637,899 | € 613,964 | ▼ 4% |
| Retained profit | € 3,104 | € 27,149 | € 36,133 | € 52,333 | ▲ 45% |
| Bank debt | € 381,111 | € 334,444 | € 287,778 | € 246,095 | ▼ 14% |
| Balance sheet total | € 902,130 | € 775,279 | € 764,308 | € 630,165 | ▼ 18% |
Key figures of De Keyzer Projects, 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 De Keyzer Projects?
What happened at De Keyzer Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 16,200 (▲ 80% vs 2024). Source: NBB ↗
- New establishment in Menen. KBO
- Start of the company according to the CBE. KBO
In short
From € 22,285 profit in 2022 to € 16,200 profit in 2025.
Paid € 20,881 in corporate taxes since 2022.
Best year ever: 2023, with € 24,045 profit.
Management
The stake of De Keyzer Beheer comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
De Keyzer ProjectsBehind De Keyzer Projects are BDK HOLDING BV, HDK HOLDING BV and KDK HOLDING BV. The shares are held by De Keyzer Beheer (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Bart De Keyzer
Also active at: De Keyzer Invest, De Keyzer, De Keyzer Immo, Wilo1
Managing director · represented by Hans De Keyzer
Also active at: De Keyzer Invest, De Keyzer, De Keyzer Immo, Wilo1
Managing director · represented by Koen De Keyzer
Also active at: De Keyzer Invest, De Keyzer, De Keyzer Immo, Wilo1
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
Group De Keyzer
€ 2 million gross margin · 2025
De Keyzer same network
€ 1.5 million 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
- 0460.994.577
- VAT number
- BE 0460.994.577
- Registered office
- Industrielaan 55, 8930 Menen
- Names & denominations
- De Keyzer Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1997
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
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