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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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
KELLEN HOLDINGS EUROPE from Sint-Pieters-Woluwe, company number BE0865717179, closed financial year 2025 with a result of € 536,756 after tax. For that financial year KELLEN HOLDINGS EUROPE recorded a gross margin of € 287,213 and equity of € 3.3 million. Compared with financial year 2023, the result moved from € 84,817 to € 536,756. 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 17, 2026.
€ 3.3 million
▲ 2% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 536,756
▲ € 451,939 vs 2023
Profit after tax over the fiscal year.
€ 53,186
▲ 17% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 194
▼ 92% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,960
▲ 8% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2025 | Change 2023 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 239,594 | € 404,609 | € 113,901 | € 287,213 | ▲ 152% |
| Profit after taxes | € 72,507 | € 295,162 | € 84,817 | € 536,756 | ▲ € 451,939 |
| Equity | € 3,146,278 | € 3,191,440 | € 3,176,257 | € 3,252,712 | ▲ 2% |
| Total debts | € 57,947 | € 17,209 | € 9,741 | € 8,154 | ▼ 16% |
| Cash | € 63,835 | € 27,500 | € 45,296 | € 53,186 | ▲ 17% |
| Retained profit | € 3,083,778 | € 3,128,940 | € 3,113,757 | € 3,190,212 | ▲ 2% |
| Dividend | € 0 | € 250,000 | € 100,000 | € 0 | ▼ 100% |
| Balance sheet total | € 3,204,225 | € 3,208,649 | € 3,185,998 | € 3,260,866 | ▲ 2% |
Key figures of KELLEN HOLDINGS EUROPE, fiscal years 2021 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 KELLEN HOLDINGS EUROPE?
What happened at KELLEN HOLDINGS EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- A. WESTGEEST BV stepped down as director. NBB
- Willow Park Management LLC BUITENLANDSE ENTITEIT stepped down as director. NBB
- Travis Benjamin Rush stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 536,756 (▲ € 451,939 vs 2023). Source: NBB ↗
- A. WESTGEEST BV became a director. NBB
- Willow Park Management LLC BUITENLANDSE ENTITEIT became a director. NBB
- Travis Benjamin Rush became a director. NBB
- New establishment in Sint-Pieters-Woluwe. KBO
In short
From € 72,507 profit in 2021 to € 536,756 profit in 2025.
Paid € 222,505 in corporate taxes since 2021.
Best year ever: 2025, with € 536,756 profit.
Paid out € 350,000 in dividends to the owners in total.
A new publication or filing at KELLEN HOLDINGS EUROPE? 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 A. WESTGEEST, SCARDIGLI MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KELLEN HOLDINGS EUROPEThe shares are held by A. WESTGEEST (25%) and SCARDIGLI MANAGEMENT (10%). It owns 100% of Kellen and 100% of Kellen Management and Consulting (Beijing) Ltd itself.
Directors
According to the 2025 annual accounts
Travis Benjamin Rush
Director
since 2021 · until 2027
Willow Park Management LLC BUITENLANDSE ENTITEIT
Director · represented by Rush Peter Stephen
since 2025 · until 2030
since 2025 · until 2031
Shareholders
25%
Participations
100%
Kellen Management and Consulting (Beijing) Ltd
100%
Establishments
Establishment units
Physical locations of this company
Tervurenlaan 188 A box 4
1150 Sint-Pieters-Woluwe
Tervurenlaan 188A box 4
1150 Sint-Pieters-Woluwe
Active since 1 July 2009
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
- 0865.717.179
- VAT number
- BE 0865.717.179
- Registered office
- Tervurenlaan 188 A bus 4, 1150 Sint-Pieters-Woluwe
- Names & denominations
- KELLEN HOLDINGS EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 June 2004
- Peppol
- Not registered
- Activities · NACE
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