K & E

Active Risk: not assessed Private limited companyfounded 2007active for 19 yearsLichtenberglaan 2019, 3800 Sint-TruidenKBO/BCE: BE 0886.133.305 #2 company by total assets in Sint-Truiden

K & E

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Overview

Lifetime

18 annual accounts with figures on one time axis

Compare with

peak €13.4m (2020)

€2.9m▼ 49.3%

peak €275.1m (2020)

€3.3m▼ 66.9%

peak €409.2m (2025)

€409.2m▲ 0.8%

€2.1m▲ 205%

peak 22.9 FTE (2025)

22.9 FTE▲ 11.7%

Board2 names since 2020

2 directorsEls PAESMANS and 1 other

Documentsfilings and deeds

22-07-20269 days before the deadline

2025financial year

Turnover from €5.8m to €2.9mResult from €10.1m to €3.3mStaff from 20.5 FTE to 22.9 FTEDebts from €673,637 to €2.1mInvestments €23.2mCash from €552,658 to €346,354

Key points

from the 2025 annual accounts

Equity

€409.2m ▲ 0.8%

K & E has made a profit in every financial year since 2007.

Result

€3.3m ▼ 66.9%

The result fell in 2025 from €10.1m to €3.3m.

Debts

€2.1m ▲ 205%

Other debts

+1.4

Taxes and wages

+0.02

Debts rose by €1.4m in 2025.

Payment terms

21 days to suppliers

Suppliers

36 to 21

Customers

45 to 94

K & E pays its suppliers 15 days earlier than in 2024. Customers pay 49 days later.

Filings

18 annual accounts 19 filings since 2007

The last five annual accounts were filed 2 to 33 days before the end of the period.

Group

10 companies controlled

Heads a group.

Financial institution: outside the modelBankruptcy probability: sector outside the model

Checked score

Outside the general model

Model not applicable to financial institutions

The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.

Bankruptcy probability within 12 months

The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

1 signal, which does not raise the risk

1 signal.

neutral

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

9 days early

2024

28 days early

2023

33 days early

2022

6 days early

2021

2 days early

2020

29 days early

2020

5 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (5 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

10-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

Els PAESMANS

Director, since 28-09-2020

Koen QUAGHEBEUR

Director, since 28-09-2020

Koen QUAGHEBEUR 500 sharesdeed of 07-10-2020
Els PAESMANS 500 sharesdeed of 07-10-2020

Shares in 3 companies, including Glob-Agro and LIKALO

Board & ownership

Recent changes

07-10-2020

Capital contribution of €5,791,470 Contributions: Koen QUAGHEBEUR (€1,447,867.50, 500 shares); Els PAESMANS (€1,447,867.50, 500 shares) · Changes of role: Koen QUAGHEBEUR (director) and Els PAESMANS (director) · “Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen…” (deed in Dutch) · General meeting of 28-09-2020 · Gazette deed

05-01-2007

Incorporation published on 15-01-2007 · Gazette deed

05-01-2007

First establishment -, Lichtenberglaan 2019, Sint-Truiden

All 33 events

Comparable companies

same main activity, similar in size and age

Company
K & E Sint-Truiden	€2.9m	-10.9%	99.5%	22.9
INTERNATIONAL REAL ESTATE SERVICES Ypres	€3.2m	-	-64.7%	17.3
StaPal Wijnegem	€2.0m	6.1%	90.9%	22.4
Eurospecialities Food Ixelles	€3.3m	1.2%	99.9%	16.5
ASPIRAVI HOLDING Kortrijk	€5.1m	15.2%	93.0%	17.6
RP HOLDING Kruisem	€2.2m	13.9%	89.2%	14.9
ALCOGROUP Watermael-Boitsfort	€6.6m	8.8%	69.3%	19.2

Grey: the largest companies of the sector (financial services (NACE 64)), without their names. Blue: the sector peers from the table.

These companies have the same main activity as K & E: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €243m and €658m, founded between 2007 and 2011.

Official details

Source: KBO

Status: Active since 05-01-2007Normal situation
Activity: Activities of holding companiesNACE 64210and 3 others
Joint committee: 207White-collar workers in the chemical industry · annual accounts 2025
Establishment unit: 2.159.198.3233800 Sint-Truiden, since 05-01-2007
Financial year end: 31 December
Peppol: Reachable

Company details

Annual accounts 2025

: €3.3m▼ 66.9%
: €409.2m▲ 0.8%
: €411.3m▲ 1.2%
Employeeson 31-12-2025: 25▲ 13.6%
Filing: Filed on 22-07-2026, 9 days before the end of the filing period

Financials

Companies linked to K & E

Subsidiaries and holdings

Q-Terra100%

Insights on K & E

K & E has existed since 2007. Turnover fell from €13.4m in 2020 to €1.5m in 2021 and staff from 14.7 to 8.3 full-time equivalents. The previous financial year ran 8 months, this one 12.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 22-07-2026, 9 days before the deadline

€409.2m

▲ 0.8%

€411.3m

▲ 1.2%

€3.3m

▼ 66.9%

99.5%

▼ 0.3 percentage points

0.8%

▼ 1.7 percentage points

0.8%

▼ 1.7 percentage points

In the rankings #2 company by total assets in Sint-Truiden #2 company by equity in Sint-Truiden

Money flows

turnover is 34.5% of income in 2025

Balance sheet

balance sheet total €411.3m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

99.5%

Higher than 95% of 3,042 companies in 2025.

0.8%

Higher than 42% of 3,034 companies in 2025.

K & E Middle half of the sector 80% of the sector Full accounts in financial services (NACE 64)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Staff: top quarter

Staff

Men and women62% women

8.6 men and 14.3 women in full-time equivalents in 2025.

€95,884

Men €102,443, women €91,939 per full-time equivalent. Jobs differ, so this is not a pay gap.

+3 people

people who joined people who left

In 2025, 5 people joined and 2 left. Training hours in 2025: 1,405. Agency workers: 0.1 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010	2009	2008	2007
Balance sheet: assets
`20/58`	411.3m	406.6m	396.2m	394.9m	389.9m	387.0m	93.0m	87.5m	78.3m	71.3m	65.0m	50.5m	46.6m	41.8m	30.5m	30.3m	30.3m	29.9m
`21/28`	337.5m	314.4m	313.7m	313.4m	324.3m	323.1m	54.3m	52.7m	55.8m	51.8m	52.7m	44.2m	43.0m	30.1m	29.8m	29.8m	29.8m	29.7m
`22/27`	162,510	212,988	-	0	1,862	7,739	41,684	64,838	87,992	72,333	-	-	472	6,369	11,296	16,222	17,258	-
`23`	131,686	172,086	-	-	-	-	694	1,679	2,665	-	-	-	-	-	-	-	-	-
`24`	30,823	40,902	-	0	1,862	7,739	40,990	63,159	85,327	72,333	-	-	472	6,369	11,296	16,222	17,258	-
`28`	337.4m	314.2m	313.7m	313.4m	324.3m	323.1m	54.2m	52.6m	55.7m	51.7m	52.7m	44.2m	43.0m	30.1m	29.7m	29.7m	29.7m	29.7m
`280/1`	314.8m	314.2m	313.7m	313.4m	321.0m	319.6m	53.0m	51.4m	51.9m	48.0m	46.7m	41.2m	40.7m	-	-	-	-	-
`280`	313.1m	312.6m	312.1m	311.7m	315.1m	313.4m	46.1m	44.6m	44.2m	38.8m	39.6m	37.4m	37.1m	-	-	-	-	-
`281`	1.7m	1.6m	1.6m	1.6m	5.9m	6.2m	6.9m	6.7m	7.7m	9.2m	7.1m	3.9m	3.6m	-	-	-	-	-
`282/3`	-	-	-	0	968,795	968,795	1.2m	1.2m	1.2m	1.2m	1.6m	2.3m	2.3m	-	-	-	-	-
`282`	-	-	-	0	968,795	968,795	1.2m	1.2m	1.2m	1.2m	1.6m	2.3m	2.3m	-	-	-	-	-
`284/8`	22.6m	-	-	0	2.3m	2.5m	-	-	2.5m	2.5m	4.4m	687,731	-	-	-	-	-	-
`284`	22.6m	-	-	0	2.3m	2.5m	-	-	2.5m	2.5m	4.4m	687,731	-	-	-	-	-	-
`29/58`	73.7m	92.1m	82.5m	81.5m	65.6m	63.9m	38.7m	34.8m	22.5m	19.5m	12.3m	6.3m	3.6m	11.6m	758,169	531,724	512,112	179,628
`29`	9.7m	23.2m	11.0m	8.0m	7.1m	15.8m	-	-	-	-	-	-	-	-	-	-	-	-
`291`	9.7m	23.2m	11.0m	8.0m	7.1m	15.8m	-	-	-	-	-	-	-	-	-	-	-	-
`3`	-	5,148	91,813	217,529	95,208	58,391	216,587	21,323	37,420	15,801	64,008	51,642	21,443	-	-	-	-	-
`30/36`	-	5,148	91,813	217,529	95,208	58,391	216,587	21,323	37,420	15,801	64,008	51,642	21,443	-	-	-	-	-
`33`	-	5,148	91,813	217,529	95,208	-	-	-	-	-	-	-	-	-	-	-	-	-
`34`	-	-	-	-	0	58,391	216,587	21,323	37,420	15,801	64,008	51,642	21,443	-	-	-	-	-
`40/41`	3.0m	4.5m	2.5m	25.1m	17.5m	11.2m	1.8m	1.2m	511,628	492,180	814,728	607,336	2.1m	8.8m	172,242	37,735	25,503	37,510
`40`	758,582	710,316	283,914	380,498	400,862	45,485	266,400	185,939	138,245	205,810	325,000	223,388	185,145	169,403	125,242	37,735	-	37,510
`41`	2.2m	3.8m	2.2m	24.7m	17.1m	11.1m	1.6m	1.0m	373,383	286,370	489,728	383,948	1.9m	8.7m	47,000	-	25,503	-
`50/53`	60.1m	63.4m	67.7m	43.8m	34.9m	26.7m	15.4m	16.3m	15.9m	12.2m	3.0m	-	-	-	-	-	-	-
`51/53`	60.1m	63.4m	67.7m	43.8m	34.9m	26.7m	15.4m	16.3m	15.9m	12.2m	3.0m	-	-	-	-	-	-	-
`54/58`	346,354	552,658	462,990	4.3m	6.0m	10.1m	21.3m	17.3m	6.1m	6.8m	8.4m	5.6m	1.5m	159,118	584,304	493,512	486,609	141,903
`490/1`	533,209	441,214	768,488	143,961	76,455	27,050	1,173	1,161	1,156	-	-	-	-	2.7m	1,623	476	-	215
Balance sheet: equity and liabilities
`10/49`	411.3m	406.6m	396.2m	394.9m	389.9m	387.0m	93.0m	87.5m	78.3m	71.3m	65.0m	50.5m	46.6m	41.8m	30.5m	30.3m	30.3m	29.9m
`10/15`	409.2m	405.9m	395.8m	392.1m	389.2m	385.5m	89.3m	75.9m	77.1m	70.2m	64.1m	46.6m	40.8m	32.4m	30.4m	30.2m	30.0m	29.8m
`10/11`	23.6m	23.6m	23.6m	23.6m	23.6m	23.6m	20.7m	20.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m
`100`	-	-	-	-	-	-	20.7m	20.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m	29.7m
`13`	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	2.4m	2.1m	1.7m	860,000	560,000	135,176	37,583	26,396	17,683	4,285
`130/1`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	2.1m	2.1m	2.4m	2.1m	1.7m	860,000	560,000	135,176	37,583	26,396	17,683	4,285
`1311`	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
`133`	2.1m	2.1m	2.1m	2.1m	2.1m	2.1m	-	-	-	-	-	-	-	-	-	-	-	-
`14`	383.5m	380.2m	370.1m	366.3m	363.5m	359.8m	66.4m	53.1m	44.9m	38.4m	32.6m	16.0m	10.5m	2.5m	627,990	415,428	249,885	81,422
`17/49`	2.1m	673,637	380,625	2.8m	704,947	1.5m	3.7m	11.6m	1.2m	1.1m	900,867	3.9m	5.8m	9.4m	103,891	106,122	261,801	93,920
`17`	-	-	-	2.5m	-	-	-	-	-	-	102,577	2.2m	2.9m	8.2m	-	-	-	-
`170/4`	-	-	-	2.5m	-	-	-	-	-	-	102,577	2.2m	2.9m	8.2m	-	-	-	-
`173`	-	-	-	2.5m	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`174`	-	-	-	-	-	-	-	-	-	-	102,577	2.2m	2.9m	-	-	-	-	-
`42/48`	2.1m	672,797	379,951	189,689	624,057	1.4m	3.7m	11.6m	1.2m	1.1m	798,290	1.7m	2.9m	1.1m	103,452	105,381	261,801	93,885
`44`	59,171	101,319	55,041	100,941	118,193	278,176	18,315	10,569	12,775	39,356	216,038	6,258	921	3,811	5,596	3,482	138,651	4,449
`440/4`	59,171	101,319	55,041	100,941	118,193	278,176	18,315	10,569	12,775	39,356	216,038	6,258	921	3,811	5,596	3,482	138,651	4,449
`45`	434,885	412,457	173,034	87,758	92,159	95,112	3.6m	2.4m	1.1m	940,376	481,104	1.1m	522,080	1.1m	87,961	91,126	90,210	73,007
`450/3`	-	24,449	-	0	12,766	1,048	3.4m	2.3m	914,396	749,654	378,413	1.0m	412,698	1.1m	47,734	86,302	90,210	68,879
`454/9`	434,885	388,008	173,034	87,758	79,393	94,064	183,796	161,943	180,728	190,722	102,692	118,918	109,382	63,396	40,227	4,824	-	4,128
`47/48`	1.6m	159,021	151,875	991	413,705	1.1m	109,232	9.2m	124,934	110,468	101,148	534,193	2.4m	15,633	9,895	10,773	32,940	16,429
`492/3`	-	840	674	130,815	80,890	37,733	815	-	275	-	-	-	-	99,710	439	741	-	35
Income statement
`70/76A`	3.0m	5.7m	1.9m	1.9m	1.5m	13.5m	13.2m	7.7m	7.5m	7.4m	7.1m	7.1m	8.0m	-	-	-	-	-
`70`	2.9m	5.8m	2.0m	1.8m	1.5m	13.4m	12.9m	7.4m	7.2m	7.3m	7.0m	7.0m	7.9m	-	-	-	-	-
`71`	-5,148	-101,753	-110,628	122,322	36,817	-	-	-	-	-	-	-	-	-	-	-	-	-
`74`	45,307	39,774	49,406	37,843	1,887	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	-	-	-	0	16,491	270.4m	-	-	-	1.1m	1.9m	528	-	-	-	-	-	-
`9900`	-	-	-	-	-	-	-	-	-	-	-	-	-	3.3m	605,658	250,577	273,636	133,882
`60/66A`	3.3m	3.1m	2.2m	2.1m	1.5m	1.7m	2.4m	1.7m	1.7m	2.1m	1.5m	1.2m	1.5m	-	-	-	-	-
`60`	24,641	2,580	141,081	420,051	65,291	260,729	647,420	134,206	203,861	182,818	288,443	400,916	175,967	-	-	-	-	-
`600/8`	24,641	2,580	141,081	420,051	65,291	173,946	842,685	118,109	225,479	134,611	300,809	431,115	197,411	-	-	-	-	-
`609`	-	-	-	-	0	86,783	-195,264	16,097	-21,619	48,207	-12,366	-30,199	-21,443	-	-	-	-	-
`61`	992,558	1.0m	870,307	769,991	711,405	596,691	491,157	437,728	367,969	310,649	574,089	266,236	483,152	-	-	-	-	-
`62`	2.2m	2.0m	1.1m	873,442	729,835	779,724	1.3m	1.1m	1.1m	878,345	630,922	555,359	846,424	337,237	270,930	-	-	-
`630`	50,478	39,404	0	1,862	5,877	11,083	23,154	23,154	16,680	9,127	-	-	5,897	4,927	4,927	4,573	3,838	-
`631/4`	-	-15,088	15,088	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	38,744	39,370	37,731	18,713	3,548	2,634	3,450	3,784	2,830	755,845	1,232	3,392	2,893	2,425	1,685	1,734	1,299	-
`66A`	-	-	-	-	-	9.8m	-	-	-	-	-	-	-	-	-	-	-	-
`9901`	-321,109	2.7m	-260,698	-147,710	21,183	11.8m	10.8m	6.0m	5.8m	5.3m	5.6m	5.9m	6.5m	2.9m	328,117	244,270	268,499	133,882
`75/76B`	5.5m	8.6m	4.9m	4.1m	5.2m	276.9m	6.6m	4.4m	3.0m	2.5m	12.1m	2.0m	4.6m	156,692	4,283	14,019	9,398	692
`75`	5.5m	8.6m	4.9m	4.0m	4.1m	6.6m	6.6m	4.4m	3.0m	2.5m	12.1m	2.0m	4.6m	156,692	4,283	14,019	9,398	692
`750`	3.8m	7.0m	3.6m	3.4m	2.7m	6.4m	5.1m	2.6m	2.6m	2.1m	12.0m	2.0m	4.0m	-	-	-	-	-
`751`	1.5m	1.4m	1.2m	497,514	830,644	115,951	1.3m	338,004	267,872	209,670	53,831	36,679	226,690	-	-	-	-	-
`752/9`	256,983	172,758	165,678	105,228	651,128	1,679	164,928	1.4m	134,131	136,058	59,290	303	307,284	-	-	-	-	-
`76B`	-	-	-	42,368	1.1m	270.4m	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	521,482	62,627	466,243	315,399	353,428	10.5m	316,625	286,115	-44,162	662,966	31,389	105,391	252,850	99,732	570	897	542	11
`65`	521,482	62,627	466,243	315,399	353,428	645,873	316,625	286,115	-44,162	662,966	31,389	105,391	252,850	99,732	570	897	542	11
`650`	40,122	26,098	28,440	7,373	3,219	4,848	7,335	7,194	6,584	5,233	9,856	105,330	252,642	-	-	-	-	-
`651`	352,577	-377,850	377,850	-278,048	106,685	-36,877	-40,396	104,256	-182,381	372,394	15,796	-	-	-	-	-	-	-
`652/9`	128,784	414,378	59,953	586,074	243,524	677,902	349,686	174,665	131,635	285,338	5,737	61	208	-	-	-	-	-
`66B`	-	-	-	-	0	9.8m	-	-	-	-	-	-	-	-	-	-	-	-
`9903`	4.7m	11.2m	4.2m	3.6m	4.9m	278.3m	17.1m	10.1m	8.9m	8.2m	19.6m	7.8m	10.8m	3.0m	331,830	257,392	277,355	134,564
`67/77`	1.4m	1.1m	491,546	747,500	1.2m	3.2m	3.7m	2.3m	2.1m	2.1m	2.1m	2.0m	2.4m	1.0m	108,080	83,137	90,821	48,856
`670/3`	1.4m	1.2m	491,546	747,500	1.2m	3.2m	3.7m	2.3m	2.1m	2.1m	2.1m	2.0m	2.4m	-	-	-	-	-
`77`	-	103,750	-	-	-	0	-	1,121	-	-	239	-	-	-	-	-	-	-
`9904`	3.3m	10.1m	3.7m	2.9m	3.7m	275.1m	13.4m	7.8m	6.9m	6.1m	17.5m	5.8m	8.4m	2.0m	223,749	174,256	186,535	85,708
`9905`	3.3m	10.1m	3.7m	2.9m	3.7m	275.1m	13.4m	7.8m	6.9m	6.1m	17.5m	5.8m	8.4m	2.0m	223,749	174,256	186,535	85,708
Appropriation of the result
`9906`	383.5m	380.2m	370.1m	366.3m	363.5m	360.4m	66.4m	52.7m	45.3m	38.7m	33.5m	16.3m	10.9m	2.6m	639,177	424,141	267,957	85,708
`14P`	380.2m	370.1m	366.3m	363.5m	359.8m	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	320,960	-	-	-	-	-	-	-	-	-	-
`792`	-	-	-	-	-	-	-	320,960	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	345,000	310,000	880,000	300,000	424,824	97,593	11,187	8,713	13,398	4,285
`6920`	-	-	-	-	-	-	-	-	345,000	310,000	880,000	300,000	424,824	97,593	11,187	8,713	13,398	4,285
`694/7`	-	-	-	-	0	600,000	-	-	-	-	-	-	-	-	-	-	4,674	-
`694`	-	-	-	-	0	600,000	-	-	-	-	-	-	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,674	-
Social balance sheet
`9087`	22.9	20.5	11.7	9	8.3	14.7	13.8	12.2	12.9	9.7	6	6	4.2	2.9	2	-	-	-
Men (FTE)`1003`	8.6	8.1	3.5	2	1.4	5.3	4.1	3.3	4.9	4.7	3	3	3	-	-	-	-	-
Women (FTE)`1003`	14.3	12.2	8.2	7	6.9	9.4	9.7	8.9	8	5	3	3	1.2	-	-	-	-	-
Agency workers`1501`	0.1	-	0.6	0.2	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	37,180	32,548	18,783	13,897	13,662	16,355	21,777	12,504	18,728	16,090	10,228	9,841	13,550	5,116	3,443	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 61 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	22-07-2026	2026-00324225	PDF
31-12-2024	full format	03-07-2025	2025-00245490	PDF
31-12-2023	full format	28-06-2024	2024-00209751	PDF
31-12-2022	full format	25-07-2023	2023-00272857	PDF
31-12-2021	full format	29-07-2022	2022-20275215	PDF
31-12-2020	full format	02-07-2021	2021-31100594	PDF
30-04-2020	full format	25-11-2020	2020-72000279	PDF
30-04-2019	full format	29-11-2019	2019-75200288	PDF
30-04-2018	full format	29-11-2018	2018-73600266	PDF
30-04-2017	full format	30-11-2017	2017-71000316	PDF
30-04-2016	full format	09-11-2016	2016-67700379	PDF
30-04-2015	full format	26-10-2015	2015-65700413	PDF
30-04-2014	full format	30-10-2014	2014-66100048	PDF
30-04-2013	full format	29-11-2013	2013-67400522	PDF
30-06-2011	abbreviated format	02-02-2012	2012-02500152	PDF
30-06-2010	abbreviated format	14-02-2011	2011-03200437	PDF
30-06-2009	abbreviated format	01-02-2010	2010-03500077	PDF
30-06-2008	abbreviated format	02-02-2009	2009-03300310	PDF
30-06-2007	abbreviated format	08-01-2008	2008-01200093	PDF

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €1,384 awarded, €1,384 paid

Vlaams opleidingsverlof (VOV)

€1,384

Year	Entries	Awarded	Paid
2025	1	€447	€447
2024	1	€937	€937

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2011	2010	2009	2008	2007
505,431	789,832	314,000	2.2m	3.0m	295.1m	1.4m	428,571	5.5m	244,706	5.9m	938,041	9.3m	375,627	0	3,537	21,095	29.7m
-206,303	89,668	-3.8m	-1.7m	-4.1m	-11.2m	4.0m	11.2m	-712,744	-1.6m	2.8m	4.1m	-	-425,186	90,792	6,903	344,706	-
-10.9%	46.0%	-13.1%	-8.3%	1.4%	88.5%	83.6%	80.9%	81.0%	72.9%	80.3%	84.2%	82.6%	-	-	-	-	-
99.5%	99.8%	99.9%	99.3%	99.8%	99.6%	96.0%	86.7%	98.4%	98.5%	98.6%	92.3%	87.5%	77.5%	99.7%	99.6%	99.1%	99.7%
0.8%	2.5%	0.9%	0.7%	0.9%	71.4%	15.0%	10.3%	8.9%	8.7%	27.3%	12.5%	20.7%	6.0%	0.7%	0.6%	0.6%	0.3%
0.8%	2.5%	0.9%	0.7%	0.9%	71.1%	14.4%	8.9%	8.7%	8.6%	26.9%	11.5%	18.1%	4.7%	0.7%	0.6%	0.6%	0.3%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	25	22	15	10	9
full-time	17	15	12	7	7
part-time	8	7	3	3	2
in full-time equivalents	23.3	20.5	14.2	9.1	8.3
	22.9	20.3	11.7	9	8.3
On a permanent contract	25	22	15	10	9
Joined	5	9	6	7	3
Left	2	2	1	6	2
Agency workers, average number	0.1	-	0.6	0.2	-
Training hours	1,405	98	734	392	22

Source: social balance sheet in the 2021 to 2025 annual accounts

Overdue debts

tax and social security

Item	2025	2024	2023	2022	2021
Overdue tax debts	-	€24,449	-	-	-

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€252,392	-	-	-
Financial fixed assets	€505,431	€537,440	€314,000	€2.2m	€3.0m
	€50,478	€39,404	€0	€1,862	€5,877

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on K & E

The operating result for 2025 is a loss of €321,109, after a profit of €2.7m in 2024. It is the lowest result since 2007.

Debt's share of the balance-sheet total rises from 0.2% to 0.5%. Equity and debt are higher.

Large changes and their cause

2021 Turnover -89%, Net result -99% on 2020. The previous financial year ran 8 months, this one 12.

Board & ownership

Board

2 directors, last change in 2020

Els PAESMANS

Director

since 28-09-2020

earlier manager, until 07-10-2020

listed in the 2025 annual accounts, filed on 22-07-2026

Koen QUAGHEBEUR

Director

since 28-09-2020

earlier manager, until 07-10-2020

listed in the 2025 annual accounts, filed on 22-07-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today

Els PAESMANS
Director

Koen QUAGHEBEUR
Director

BoardEarliermandate already running before its first mention

Mandates as a list

Els PAESMANS
- Director, from 28-09-2020 to date
- Manager, until 07-10-2020
Koen QUAGHEBEUR
- Director, from 28-09-2020 to date
- Manager, until 07-10-2020

See the board, name and registered office on a given date →

Control

Shareholders

Koen QUAGHEBEUR, Els PAESMANS

This company

K & E

Equity €409.2m

Profit €3.3m in 2025

Capital

Contribution: €23,636,135
Shares: 100,000
Contribution per share: €236
Equity per share: €4,092 in 2025
Source: 2025 annual accounts

Articles of association

deed of 07-10-2020 (in Dutch)

Duration: Unlimited
Annual meeting: First Friday of June at 20:00

Shareholders

Contribution deed of 07-10-2020 ↗

Koen QUAGHEBEUR 500 shares · €1,447,867.50
Els PAESMANS 500 shares · €1,447,867.50

Stated in the deed deed of 07-10-2020 ↗

Koen QUAGHEBEUR 50,000 shares
Els PAESMANS 50,000 shares

Capital transactions

Capital over time

07-10-2020 Converted to unavailable equity
07-10-2020 Converted to available equity

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros

This companyK & E3 holdings, 1 country 2025 accounts

Belgium 3 Equity Result

BE Glob-Agro €318.1m result €9.6m
BE Q-Terra €2.0m result -€63,740
BE Likalo €180,205 result €26,876

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Heads the group K & E Group, risk and exposure

The LEI register names no parent.

At the same address

Lichtenberglaan 2019, 3800 Sint-Truiden · 8 other companies

Glob-Agro registered office since 22-04-2020 · founded in 2020 · group K & E	total assets €318.3m (2025) 0746.451.127
GLOBACHEM registered office since 09-03-2006 · founded in 2000 · group K & E	73 FTE (2025) 0473.590.226
LIKALO registered office since 23-07-2009 · founded in 2009 · group K & E	total assets €9.7m (2025) 0817.277.359
Q-Terra registered office since 14-04-2020 · founded in 2020 · group K & E	total assets €2.0m (2025) 0745.968.305
Q-CHEM establishment since 09-03-2006 · founded in 2004 · group K & E	total assets €1.9m (2025) 0865.950.672
Axervia registered office since 01-08-2026	founded in 2026 1040.870.970
Q-AGRO registered office since 24-06-2020	founded in 2020 0748.920.865
LUMIMONT registered office since 01-12-2011	founded in 2011 0841.181.327

Earlier ties

VOKA - Kamer van Koophandel Limburg

via Els Paesmans, no longer at VOKA - Kamer van Koophandel Limburg · Director · deed of 31-07-2023

founded in 1941

55 FTE (2025)

Holdings and subsidiaries

3 holdings · 10 subsidiaries, including indirect ones

Share, source and own figures per holding (3)

Source for every holding own accounts 2025

Glob-Agrosubsidiary
Equity €318.1m Profit of €9.6m in 2025 (profit of €1.0m in 2024) Checked score 87

100%+ 100% via subsidiaries
LIKALOsubsidiary
Equity €180,205 Profit of €26,876 in 2025 (loss of €120,391 in 2024) Checked score 93

100%
Q-Terrasubsidiary
Equity €2.0m Loss of €63,740 in 2025 (loss of €8,840 in 2024) Checked score 82

100%

Former holdings (2)

MINAGRO
Sourceaccounts MINAGRO 2024

46%
V-Bio Fund 1
Sourcedeed 14-10-2020

share not stated

All subsidiaries, including indirect ones 10

K & E or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

Glob-Agro 100%7 subsidiaries
- AGRO AMIGO (HANGZHOU) BIOTECHNOLOGY CO., LTDCN 100%
- GLOBACHEM 100%
- Globachem Australia Pty LtdAU 100%
- Globachem BraziliëBR 100%
- Globachem Discovery LimitedGB 100%
- Globachem FranceFR 100%
- Q-CHEM 100%
LIKALO 100%
Q-Terra 100%

Holdings through the years 2007 to 2025

Holdings through the years
Name	2007	2013	2014	2020
Glob-Agro 2020 to 2025: 100%				100%
LIKALO 2020 to 2025: 100%				100%
Q-Terra 2020 to 2025: 100%				100%
GLOBACHEM 2007 to 2011: 99.99% 2013 to 2019: 99.8%	99.99%	99.8%
Q-CHEM 2007 to 2011: 99.99% 2013 to 2019: 99.8%	99.99%	99.8%
CROPSAFE 2013: 75.02% 2014 to 2015: 99.8%		75.02%	99.8%

Source: list of holdings in its own accounts

Board mandates elsewhere

3 board mandates

Board mandates of K & EK & E sits on their board3

GLOBACHEM

Director, Managing director · 2 locations

Founded in 2000 · 73 FTE (2025) · group K & E

Re-Vive Brownfield Fund II

Director

Founded in 2012 · turnover €318,000 (2025)

Q-CHEM

Director, Managing director · 2 locations

Founded in 2004 · total assets €1.9m (2025) · group K & E

Connections & network

2 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet

Linked via shared directors

VKW LIMBURG

via Els Paesmans · Director · deed of 06-03-2025

Founded in 1962 · 20 FTE (2025)

→

Stichting administratiekantoor QuaPa

via Els Paesmans · Director · deed of 07-04-2022

Founded in 2022

→

Timeline

33 events since 2007

Board

Capital

Filings

Financial

Establishments

2008201020122014201620182020202220242026

Deadline for the 2026 accounts: 31-07-2027

2026

22-07-2026

Annual accounts 2025 filed NBBfull format · 9 days before the deadline

2025

03-07-2025

Annual accounts 2024 filed PDFfull format · 28 days before the deadline

2024

28-06-2024

Annual accounts 2023 filed PDFfull format · 33 days before the deadline

2023

25-07-2023

Annual accounts 2022 filed PDFfull format · 6 days before the deadline

2022

31-12-2022

Liquidity more than quadruples current ratio 429.79 The current ratio rises from 105.10 to 429.79. Short-term debt falls from €624,057 to €189,689.

29-07-2022

Annual accounts 2021 filed PDFfull format · 2 days before the deadline

2021

31-12-2021

Liquidity more than doubled current ratio 105.10 The current ratio rises from 44.72 to 105.10. Short-term debt falls from €1.4m to €624,057.

02-07-2021

Annual accounts 2020 filed PDFfull format · 29 days before the deadline

2020

31-12-2020

Highest result from 2007 to 2025 net €275.1m ▲1,361% The net result of €275.1m is the highest of those years.

31-12-2020

Equity above €250m equity €385.5m ▲257% Equity rises from €108.1m to €385.5m.

25-11-2020

Annual accounts 2020 filed PDFfull format · 5 days before the deadline

07-10-2020

Capital contribution of €5,791,470Contributions: Koen QUAGHEBEUR (€1,447,867.50, 500 shares); Els PAESMANS (€1,447,867.50, 500 shares) · Changes of role: Koen QUAGHEBEUR (director) and Els PAESMANS (director) · “Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen…” (deed in Dutch) · General meeting of 28-09-202014 points ▸

General meeting, 28-09-2020
Capital contribution, €2,895,735
Capital contribution, €1,447,867.50, mentioned twice in the deed
Koen QUAGHEBEUR holds 50,000 shares
Els PAESMANS holds 50,000 shares
Amendment of the articles, article 9
Board composition, Koen QUAGHEBEUR (director)
Board composition, Els PAESMANS (director)
Registered office clause, Lichtenberglaan 2019, 3800 Sint-Truiden
Director resignation, Koen QUAGHEBEUR (manager)
Director appointment, Koen QUAGHEBEUR
Director resignation, Els PAESMANS (manager)
Director appointment, Els PAESMANS
Power of attorney, Bernard INDEKEU
The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

30-04-2020

Liquidity more than quadruples current ratio 49.07 The current ratio rises from 10.34 to 49.07. Short-term debt falls from €3.7m to €1.0m.

30-04-2020

Equity above €100m equity €108.1m ▲21.1% Equity rises from €89.3m to €108.1m.

2019

29-11-2019

Annual accounts 2019 filed PDFfull format · 1 day before the deadline

30-04-2019

Liquidity more than triples current ratio 10.34 The current ratio rises from 3.00 to 10.34. Short-term debt falls from €11.6m to €3.7m.

2018

29-11-2018

Annual accounts 2018 filed PDFfull format · 1 day before the deadline

2017

30-11-2017

Annual accounts 2017 filed PDFfull format · on the deadline day

2016

09-11-2016

Annual accounts 2016 filed PDFfull format · 21 days before the deadline

2015

26-10-2015

Annual accounts 2015 filed PDFfull format · 35 days before the deadline

30-04-2015

Liquidity more than quadruples current ratio 15.42 The current ratio rises from 3.78 to 15.42. Short-term debt falls from €1.7m to €798,290.

30-04-2015

Equity above €50m equity €64.1m ▲37.5% With a profit in every financial year since 2007, equity grows to €64.1m.

2014

30-10-2014

Annual accounts 2014 filed PDFfull format · 31 days before the deadline

30-04-2014

Liquidity triples current ratio 3.78 The current ratio rises from 1.24 to 3.78. Short-term debt falls from €2.9m to €1.7m.

2013

29-11-2013

Annual accounts 2013 filed PDFfull format · 1 day before the deadline

2012

02-02-2012

Annual accounts 2011 filed PDFabbreviated format · 2 days late

2011

14-02-2011

Annual accounts 2010 filed PDFabbreviated format · 14 days late

2010

01-02-2010

Annual accounts 2009 filed PDFabbreviated format · 1 day late

2009

30-06-2009

Liquidity more than doubled current ratio 5.05 The current ratio rises from 1.96 to 5.05. Short-term debt falls from €261,801 to €105,381.

02-02-2009

Annual accounts 2008 filed PDFabbreviated format · 2 days late

2008

08-01-2008

Annual accounts 2007 filed PDFabbreviated format · 23 days before the deadline

2007

05-01-2007

Incorporation PDFpublished on 15-01-2007

05-01-2007

First establishment -, Lichtenberglaan 2019, Sint-Truiden

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

K & E was incorporated on 5 January 2007.¹ Total assets rose from €93.0m in 2019 to €411.3m in 2025 and headcount from 13.8 to 22.9 full-time equivalents.²

Company details

Identity

Enterprise number: 0886.133.305
VAT number: BE 0886.133.305
Peppol ID: 0208:0886133305
Other Peppol ID: 9925:BE0886133305
LEI code: 5493002YQC00BC187N37 live in the LEI register
Legal form: Private limited company
Status: Active, normal situation
Founded: 05-01-2007
Financial year: ends on 31 December
Annual meeting: First Friday of June at 20:00
deed of 07-10-2020 (in Dutch)
Peppol: Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name: K & E in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 07-10-2020 (in Dutch)
Registered office clause: “Vlaams Gewest”
deed of 07-10-2020 (in Dutch)

Activities

NACEBEL 2025

VAT activities

64210 Activities of holding companies main activity

01610 Support activities for crop production

70200 Business and other management consultancy

Social security (RSZ) activities

46852 Wholesale trade main activity

Joint committees annual accounts 2025

JC 207 White-collar workers in the chemical industry

Codes under NACEBEL 2008

VAT activities

64200 Holdings main activity

01610 Support activities for crop production

70220 Business consulting

Social security (RSZ) activities

46752 Wholesale trade main activity

Codes under NACEBEL 2003

74142 main activity

74151

Purpose: “Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, warrants…”
6 activities
Het beleggen, het intekenen op, vast overnemen, plaatsen, kopen, verkopen en verhandelen van aandelen, deelbewijzen, obligaties, warrants, certificaten, schuldvorderingen, gelden en andere roerende waarden, uitgegeven door Belgische of buitenlandse ondernemingen al dan niet onder de vorm van handelsvennootschappen, administratiekantoren, instellingen en verenigingen al dan niet met een (semi)-publiekrechtelijk statuut
Het beheren van beleggingen en van participaties in dochtervennootschappen, het waarnemen van bestuurdersfuncties, het verlenen van advies, management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt
Het verstrekken van leningen en voorschotten onder eender welke vorm of duur aan alle verbonden ondernemingen of ondernemingen waarin ze een participatie bezit, alsmede het waarborgen van alle verbintenissen van zelfde ondernemingen
Het beheer van een roerend en/of onroerend vermogen in de meest ruime zin
De groot- en kleinhandel, de in- en uitvoer van gewasbeschermingsmiddelen voor land- en tuinbouw, chemische, farmaceutische en andere producten
Het beheer en het in standhouden van een privaat patrimonium alsmede de oordeelkundige uitbreiding ervan
deed of 07-10-2020 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number	FASFC approval
- registered office Lichtenberglaan 2019, 3800 Sint-Truiden 46120 Wholesale trade	05-01-2007	2.159.198.323	Trader

Buildings and parcels at the address

Ground area: 2.5 ha
Buildings: 9,811 m²
Volume, LiDAR: 111,451 m³
Tallest building: 16.1 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

9 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
71353E0506/00M002	2.5 ha	1 · 9,811 m²	16.1 m · 4

Recognitions

Food safety, FASFC

1 site

Sint-Truidenunit number 2.159.198.323

1 permission

Trader · since 12-01-2016

Source: FAVV-AFSCA, open data, updated on 02-11-2026

Overview

Lifetime

Key points

Equity

Result

Debts

Payment terms

Filings

Group

Checked score

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Companies linked to K & E

Subsidiaries and holdings

Insights on K & E

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency99.5%

Return on assets0.8%

Staff

Men and women62% women

Staff cost per FTE€95,884

Joined and left+3 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2024 to 2025, 2 entries, €1,384 awarded, €1,384 paid

Key figures and ratios

Social balance sheet

Overdue debts

Investments

Insights on K & E

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Shareholders

Capital transactions

Network & group

Holdings

Belgium 3 Equity Result

At the same address

Earlier ties

Holdings and subsidiaries

Holdings 3

Board mandates elsewhere

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Recognitions

Food safety, FASFC

in €m

in euro

99.5%

0.8%

€95,884

+3 people