Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 197.8 to 173.8.
-
Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Kyndryl Belgium from Machelen (Brab.), company number BE0764299028, closed financial year 2025 with a result of € 21.7 million after tax. For that financial year Kyndryl Belgium recorded revenue of € 209.7 million and equity of € 42.7 million. Compared with financial year 2024, the result moved from € -7 million to € 21.7 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2025.
€ 42.7 million
▲ 103% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21.7 million
▲ still € 7 million loss in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% 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 € 14.8 million.
People and assets in 2025
173.8
▼ 5.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 32.6 million
€ 187,600 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.
€ 88.2 million
▼ 27% vs 2024
Of which on lease € 86.7 million.
Debts at end 2025
€ 89.1 million
▼ 26% vs 2024
€ 17.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 34.5 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 11.7 million
▲ 34% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 362,123,233 | € 232,662,083 | € 209,685,011 | ▼ 10% |
| Profit after taxes | € 21,104,990 | € -6,976,479 | € 21,712,861 | ▲ € 28.7 million |
| Equity | € 28,011,284 | € 21,034,805 | € 42,747,666 | ▲ 103% |
| Total debts | € 200,396,861 | € 184,298,710 | € 140,250,262 | ▼ 24% |
| Cash | € 0 | € 30,362 | € 0 | ▼ 100% |
| Retained profit | € 84,621 | € -6,891,858 | € 14,821,003 | ▲ € 21.7 million |
| Bank debt | € 137,244,850 | € 120,165,058 | € 89,069,651 | ▼ 26% |
| Balance sheet total | € 252,698,334 | € 225,182,388 | € 187,057,429 | ▼ 17% |
| Employees (FTE) | 197.8 | 179.5 | 173.8 | ▼ 5.7 |
Key figures of Kyndryl Belgium, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to Kyndryl Belgium?
What happened at Kyndryl Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 21.7 million. Source: NBB ↗
- Joris Van Dyck became a director. NBB
- New establishment in Bastogne. KBO
- New establishment in Zaventem. KBO
- New establishment in Vaux-sur-Sûre. KBO
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
- Liesbet D'hoker became a director. NBB
In short
From € 21.1 million profit in 2023 to € 21.7 million profit in 2025.
Paid € 2.4 million in corporate taxes since 2023.
Best year ever: 2025, with € 21.7 million profit.
Pays suppliers within 84 days on average.
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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 Kyndryl Belgium are Joris Van Dyck and Liesbet D'hoker.
Directors
According to the 2025 annual accounts
Joris Van Dyck
Director
since 2021
Liesbet D'hoker
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Culliganlaan 5
1831 Machelen (Brab.)
Rue de la Drève 7
6600 Bastogne
Active since 1 September 2021
Mercuriusstraat 27
1930 Zaventem
Active since 1 September 2021
Chaussée de Saint-Hubert,Morhet 1A
6640 Vaux-sur-Sûre
Active since 1 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →PricewaterhouseCoopers Enterprise Advisory
€ 143.2 million revenue · 2025
PricewaterhouseCoopers Bedrijfsrevisoren
€ 140.8 million revenue · 2025
FUJITSU TECHNOLOGY SOLUTIONS
€ 168 million revenue · 2025
Pricewaterhouse Coopers Technology Consulting Belgium
€ 5.3 million revenue · 2025
Deutsche Telekom Global Business Solutions Belgium
€ 14.2 million revenue · 2025
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
Domain
Domain
kyndryl.com
Registered
2021-02-26
Registrar
NOM-IQ Ltd dba Com Laude
Expires
2032-02-26
Website info
Features
Security
Network
Details
- Company number
- 0764.299.028
- VAT number
- BE 0764.299.028
- Registered office
- Culliganlaan 5, 1831 Machelen (Brab.)
- Names & denominations
- Kyndryl Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 2021
- Peppol
- Active · Active since 31 Dec 2025
- Contact
- kyndryl.com
- Activities · NACE
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