Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
52 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KevlinX Belgium from Brussel, company number BE0643651418, closed financial year 2025 with a result of € -12 million after tax. For that financial year KevlinX Belgium recorded a gross margin of € -5.8 million and equity of € -39.3 million. Compared with financial year 2024, the result moved from € -12.1 million to € -12 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ -39.3 million
▼ € 12 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12 million
▲ 1 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3.5 million
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -39.3 million.
People and assets in 2025
4.2
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 604,982
▲ 38% vs 2024
€ 144,000 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.
€ 25,709
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 157.2 million
▲ 79% vs 2024
€ 24.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 9.4 million
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 159,240
▲ 91% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -1,713,253 | € -3,041,996 | € -5,293,082 | € -5,844,507 | ▼ € 551,425 |
| Profit after taxes | € -1,947,462 | € -9,244,482 | € -12,089,814 | € -12,005,597 | ▲ € 84,217 |
| Equity | € -5,910,756 | € -15,155,238 | € -27,245,052 | € -39,250,649 | ▼ € 12 million |
| Total debts | € 10,768,532 | € 38,366,049 | € 107,808,186 | € 166,895,868 | ▲ 55% |
| Cash | - | € 3,269,555 | € 9,352,365 | € 3,493,408 | ▼ 63% |
| Land & buildings | € 3,674,812 | € 19,257,004 | - | - | |
| Retained profit | € -5,929,356 | € -15,173,838 | € -27,263,652 | € -39,269,249 | ▼ € 12 million |
| Bank debt | € 3,873,306 | € 32,604,828 | € 87,660,232 | € 157,203,712 | ▲ 79% |
| Balance sheet total | € 4,857,776 | € 23,210,811 | € 80,563,134 | € 127,645,219 | ▲ 58% |
| Employees (FTE) | - | 0.5 | 2.7 | 4.2 | ▲ 1.5 |
Key figures of KevlinX Belgium, 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 KevlinX Belgium?
What happened at KevlinX Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 12 million. Source: NBB ↗
- Eric Boonstra became a director. NBB
- Giovanni Della Pesca became a director. NBB
- Egbert Ho became a director. NBB
- Tom De Bosschere became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.9 million loss in 2022 to € 12 million loss in 2025.
Paid € 558 in corporate taxes since 2022.
A new publication or filing at KevlinX Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KevlinX Belgium are Giovanni Della Pesca, Egbert Ho, Tom De Bosschere and Eric Boonstra.
Directors
According to the 2025 annual accounts
Giovanni Della Pesca
Director
since 2023
Egbert Ho
Director
since 2023
Tom De Bosschere
Director
since 2023
Eric Boonstra
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Antoon van Osslaan 1 box 27
1120 Brussel
Louizalaan 279
1050 Brussel
Active since 26 November 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 52 companies are registered at this address.
All companies at this address →Miroiterie du Nord - Fabrique de Miroirs
€ 624,727 gross margin · 2024
Scania Belgium
€ 286 million revenue · 2025
Institut Belge de la Soudure - Belgisch Instituut voor Lastechniek
€ 552,151 gross margin · 2025
TRATON Financial Services Belgium
€ 16.1 million revenue · 2025
CENTRE DE PERFECTIONNEMENT DE SOUDEURS
€ 1.7 million gross margin · 2025
+47 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
- 0643.651.418
- VAT number
- BE 0643.651.418
- Registered office
- Antoon van Osslaan 1 bus 27, 1120 Brussel
- Names & denominations
- KevlinX Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 November 2015
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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