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 61 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
KERDI from Ukkel, company number BE0737843366, closed financial year 2025 with a result of € 97.4 million after tax. For that financial year KERDI recorded a gross margin of € 95.1 million and equity of € 25 million. Compared with financial year 2024, the result moved from € 3 million to € 97.4 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.
€ 25 million
▼ 37% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 97.4 million
▲ € 94.5 million vs 2024
Profit after tax over the fiscal year.
€ 13,950
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 112.4 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 987
▲ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -15,540 | € -17,464 | € -44,404 | € 95,127,587 | ▲ € 95.2 million |
| Profit after taxes | € 2,694,540 | € 2,784,662 | € 2,954,709 | € 97,443,296 | ▲ € 94.5 million |
| Equity | € 38,030,391 | € 40,005,053 | € 39,944,762 | € 25,024,497 | ▼ 37% |
| Total debts | € 1,886,381 | € 60,672 | € 61,239 | € 2,641,710 | ▲ € 2.6 million |
| Cash | € 18,900 | € 140,054 | € 21,219 | € 13,950 | ▼ 34% |
| Retained profit | € 37,730,391 | € 39,705,053 | € 39,644,762 | € 24,724,497 | ▼ 38% |
| Dividend | € 0 | € 810,000 | € 3,015,000 | € 112,363,562 | ▲ € 109.3 million |
| Bank debt | € 1,818,866 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 39,916,773 | € 40,065,725 | € 40,006,001 | € 27,666,207 | ▼ 31% |
Key figures of KERDI, 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 KERDI?
What happened at KERDI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Caroline Solange BOËL stepped down as director. NBB
- Véronique EMSENS stepped down as director. NBB
- Nathalie BOËL stepped down as director. NBB
- Anne Marthe EMSENS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 97.4 million (▲ € 94.5 million vs 2024). Source: NBB ↗
- Caroline Solange BOËL became a director. NBB
- Véronique EMSENS became a director. NBB
- Nathalie BOËL became a director. NBB
In short
From € 2.7 million profit in 2022 to € 97.4 million profit in 2025.
Best year ever: 2025, with € 97.4 million profit.
Paid out € 116.2 million in dividends to the owners in total.
A new publication or filing at KERDI? 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
The stake of STALUSA, EMBILCO, VERRON BELGIUM, COLL EARN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KERDIThe shares are held by STALUSA (17%), EMBILCO (17%), VERRON BELGIUM (17%) and COLL EARN (16.7%). It owns 5.6% of UNION FINANCIERE BOEL, 4.2% of MOBILIERE ET IMMOBILIERE DU CENTRE and 3.5% of SOCIETE DE PARTICIPATIONS INDUSTRIELLES itself.
Directors
According to the 2025 annual accounts
Caroline Solange BOËL
Director
since 2025 · until 2031
Véronique EMSENS
Director
since 2025 · until 2031
Nathalie BOËL
Director
since 2025 · until 2031
Anne Marthe EMSENS
Director
since 2025 · until 2031
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Camille Lemonnierstraat 135
1180 Ukkel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0737.843.366
- VAT number
- BE 0737.843.366
- Registered office
- Camille Lemonnierstraat 135, 1180 Ukkel
- Names & denominations
- KERDI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 November 2019
- Peppol
- Not registered