Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 27 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3.5 to 2.5.
Financials
Financial year 2024
KEA from Kluisbergen, company number BE0885143311, closed financial year 2024 with a result of € 225,959 after tax. For that financial year KEA recorded a gross margin of € 959,755 and equity of € 1.7 million. Compared with financial year 2023, the result moved from € 531,339 to € 225,959. The company is profitable. 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 August 6, 2025.
€ 1.7 million
▲ 15% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 225,959
▼ 57% vs 2023
Profit after tax over the fiscal year.
€ 1,920
▼ 94% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 1,718 paid out
1 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
2.5
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 170,374
▼ 37% vs 2023
€ 68,100 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.
€ 23,193
▼ 55% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2.6 million
▼ 11% vs 2023
€ 312,452 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 36,950
▼ 22% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 169,420
▲ 96% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 687,420 | € 1,403,663 | € 959,755 | ▼ 32% |
| Profit after taxes | € 161,853 | € 531,339 | € 225,959 | ▼ 57% |
| Equity | € 1,236,712 | € 1,495,139 | € 1,719,380 | ▲ 15% |
| Total debts | € 3,731,615 | € 3,459,347 | € 3,043,703 | ▼ 12% |
| Cash | € 17,939 | € 33,821 | € 1,920 | ▼ 94% |
| Land & buildings | € 3,733,319 | € 3,710,148 | € 3,421,799 | ▼ 8% |
| Retained profit | € 746,712 | € 1,005,139 | € 1,229,380 | ▲ 22% |
| Dividend | € 43,158 | € 272,913 | € 1,718 | ▼ 99% |
| Bank debt | € 3,248,992 | € 2,965,576 | € 2,626,267 | ▼ 11% |
| Balance sheet total | € 4,968,327 | € 4,954,486 | € 4,763,083 | ▼ 4% |
| Employees (FTE) | 3.5 | 3 | 2.5 | ▼ 0.5 |
Key figures of KEA, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to KEA?
What happened at KEA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 225,959 (▼ 57% vs 2023). filed late Source: NBB ↗
- New establishment in Kluisbergen. KBO
- Start of the company according to the CBE. KBO
- Marc Paepe became a director. NBB
- Leen Botterman became a director. NBB
In short
From € 161,853 profit in 2022 to € 225,959 profit in 2024.
Paid € 223,412 in corporate taxes since 2022.
Best year ever: 2023, with € 531,339 profit.
On average € 383,900 of value added per employee in 2024.
Management
Behind KEA are Marc Paepe and Leen Botterman. It owns 100% of Orcovet BV, 98.7% of Herbavita, 50.5% of Herbavita (NL) and 30% of Herbavita CZ itself.
Establishments
Establishment units
Physical locations of this company
Beukendreef 2
9690 Kluisbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0885.143.311
- VAT number
- BE 0885.143.311
- Registered office
- Beukendreef 2, 9690 Kluisbergen
- Names & denominations
- KEA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 2006
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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