Financials
Financial year 2025
KG SERVICES from Harelbeke, company number BE0654806022, closed financial year 2025 with a result of € 122,417 after tax. For that financial year KG SERVICES recorded a gross margin of € 194,519 and equity of € 309,446. Compared with financial year 2024, the result moved from € 19,677 to € 122,417. 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 9, 2026.
€ 309,446
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 122,417
▲ € 102,740 vs 2024
Profit after tax over the fiscal year.
€ 138,972
▲ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 111,988 paid out
91 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 3,674
▼ 21% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 50,041
▼ 20% vs 2024
€ 14,009 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 4,537
▼ 33% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,604
▲ 39% 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 | € 95,404 | € 69,461 | € 83,666 | € 194,519 | ▲ 132% |
| Profit after taxes | € 55,185 | € 1,550,174 | € 19,677 | € 122,417 | ▲ € 102,740 |
| Equity | € 327,206 | € 317,109 | € 299,017 | € 309,446 | ▲ 3% |
| Total debts | € 109,294 | € 1,577,774 | € 77,771 | € 89,613 | ▲ 15% |
| Cash | € 119,710 | € 374,822 | € 124,995 | € 138,972 | ▲ 11% |
| Land & buildings | € 5,218 | € 3,479 | € 11,977 | € 9,203 | ▼ 23% |
| Retained profit | € 314,806 | € 298,509 | € 280,417 | € 290,846 | ▲ 4% |
| Dividend | € 0 | € 1,566,471 | € 37,768 | € 111,988 | ▲ 197% |
| Bank debt | € 98,602 | € 74,989 | € 62,661 | € 50,041 | ▼ 20% |
| Balance sheet total | € 436,500 | € 1,894,883 | € 376,788 | € 399,058 | ▲ 6% |
Key figures of KG SERVICES, 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 KG SERVICES?
What happened at KG SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 122,417 (▲ € 102,740 vs 2024). Source: NBB ↗
- New establishment in Harelbeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 55,185 profit in 2022 to € 122,417 profit in 2025.
Paid € 105,933 in corporate taxes since 2022.
Best year ever: 2023, with € 1.6 million profit.
Paid out € 1.7 million in dividends to the owners in total.
Management
Behind KG SERVICES is Koen Geernaert. Koen Geernaert is also behind European Filter Corporation.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Vierschaar 11
8531 Harelbeke
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0654.806.022
- VAT number
- BE 0654.806.022
- Registered office
- Vierschaar 11, 8531 Harelbeke
- Names & denominations
- KG SERVICES · KGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 May 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Holdings
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