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Norbert KELLER

Active Private limited company (pre-2019)founded 1989active for 37 yearsVan Bunnenlaan 16, 8300 Knokke-HeistKBO/BCE: BE 0438.686.161 subsidiary of Link-Gennen & Schmatz
Norbert KELLER
Financial year 2025
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Annual accounts 2025

micro format, filed on 25-08-2026, 25 days late
€12,359
▲ €29,967
-€18,192
▲ €29,087
-€42,322
▲ €15,968
-€1.2m
▼ €1.0m
37.2%
▼ 38.0 percentage points
0.03
▼ 0.65

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €43,000. Estimated: probably between €17,000 and €97,000.

Balance sheet

balance sheet total €1.9m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

37.2%

Higher than 56% of 17,190 companies in 2025.

0.03

Lower than 95% of 16,487 companies in 2025.

-2.2%

Higher than 25% of 16,866 companies in 2025.

Norbert KELLER Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.9m1.7m1.6m1.9m2.1m3.2m3.3m4.1m3.7m3.3m2.0m1.8m1.5m1.3m1.2m859,146989,670839,092815,592941,409
21/28 1.9m1.4m1.1m1.6m1.6m3.0m3.1m3.7m3.6m2.7m1.5m1.2m1.2m1.2m1.0m667,737691,055709,542635,900374,350
21 -----1,1842,3683,5524,736-----------
22/27 1.9m1.4m1.1m1.6m1.4m2.8m3.1m3.7m3.6m2.7m1.2m930,330550,815551,410572,074592,737616,055634,542560,900299,350
22 781,893845,032850,6901.6m1.4m1.4m1.5m848,038845,963850,516860,627849,304550,815545,972557,053568,133581,867617,958209,248213,272
23 -------------3677341,1001,467---
24 4,0995,5146,9291,7273,2542,4693,6058,63433,63258,13482,55581,026-5,07114,28723,50432,72116,584--
27 1.1m572,048271,119--1.4m1.6m2.9m2.8m1.8m293,479-------351,65286,078
28 ----198,000198,000----282,672282,672683,833683,833475,00075,00075,00075,00075,00075,000
29/58 32,225288,313477,744389,720445,532210,447167,263403,73894,741564,159472,592627,449293,56679,069164,423191,409298,615129,550179,691567,060
3 ---5555552,0355,3056,9709,5009,50011,165---------
30/36 ---5555552,0355,3056,9709,5009,50011,165---------
40/41 31,45431,308297,457339,631182,24997,997114,58587,3728061,616205,63090,986159,86153,63849,918178,861257,005119,78353,108160,805
40 368--3,535-27,6342,462101-1,6165,52651,178124,46535,26448,443178,861255,137119,52652,912160,805
41 31,08631,308297,457336,096182,24970,363112,12387,271806-200,10439,80835,39618,3741,475-1,868256196-
50/53 ------------------81,64279,298
54/58 171256,427178,60147,798261,687109,72646,614307,74382,302518,058220,611528,933128,91919,304108,31811,05640,1439,47644,917325,394
490/1 6005781,6861,7371,0416897581,6532,13334,98535,1867,5304,7866,1276,1871,4921,468291241,563
Balance sheet: equity and liabilities
10/49 1.9m1.7m1.6m1.9m2.1m3.2m3.3m4.1m3.7m3.3m2.0m1.8m1.5m1.3m1.2m859,146989,670839,092815,592941,409
10/15 715,4891.3m1.3m1.3m1.3m1.4m1.5m1.5m1.6m1.6m1.3m1.3m742,007538,407454,532373,869315,175265,772217,807163,084
10/11 68,75068,75068,75068,75062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,500
100 ------62,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,50062,500
13 18,750547,966547,966547,966554,216554,216554,216554,216554,216554,216554,216554,21625,0006,2506,2506,2506,2506,2506,2506,250
130/1 ----6,2506,250--------------
130 ------6,2506,2506,2506,2506,2506,2506,2506,2506,2506,2506,2506,2506,2506,250
1311 ----6,2506,250--------------
132 18,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,75018,750-------
133 -529,216529,216529,216529,216529,216529,216529,216529,216529,216529,216529,216--------
14 627,989670,311728,601666,347724,090820,483851,801930,189949,2051.0m654,797654,507654,507469,657385,782305,119246,425197,022149,05794,334
17/49 1.2m423,880261,165660,966743,2651.8m1.8m2.6m2.2m1.6m720,412569,228786,207775,905756,965485,277674,495573,320597,785778,325
17 ---307,122330,073354,788384,285821,3711.4m1.3m534,113213,451250,510562,411456,957164,869227,099258,856313,779368,053
170/4 ---307,122330,073354,788384,285821,3711.4m1.3m534,113213,451250,510562,411456,957164,869227,099258,856313,779368,053
42/48 1.2m423,880257,671344,473407,9441.4m1.4m1.8m735,900309,774184,358355,355535,508213,027298,941319,204446,064313,480283,521409,938
42 ---26,58730,07635,29635,29635,296124,40584,58979,338105,564103,068103,379107,91262,23061,26254,92354,27553,619
43 200,000-200,000300,000300,0001.3m1.1m1.2m500,000----12,000-29,875----
430/8 200,000-200,000300,000300,0001.3m1.1m1.2m500,000----12,000-29,875----
44 3,51776736,9057,4484,15732,5403,40836,15017,878168,31937,58521,184202,71276,799157,337171,520304,102150,607160,837297,062
440/4 3,51776736,9057,4484,15732,5403,40836,15017,878168,31937,58521,184202,71276,799157,337171,520304,102150,607160,837297,062
46 ------------------2,9048,830
45 6,8831,82120,7673,2389,92016,36311,6427,9968,7342,4277,414228,60779,72820,84933,69212,12610,9403,37765,50550,427
450/3 6,8831,82120,7673,2389,92016,36311,5717,1757,8351,5996,571227,86478,78119,78632,68911,75510,1542,63564,81550,427
454/9 ------708208998288437439471,0631,003371786742689-
47/48 995,336421,292-7,20063,79026,910303,579475,86584,88354,43960,021-150,000--43,45469,761104,573--
492/3 1,041-3,4949,3715,2479,2487,6976,4932,61220,8271,9414221894681,0681,2041,332984485333
Income statement
76A 31,558-148,323-39,04551,532108,753138,96126,588-2,066497,191-----4,768--
9900 12,359-17,608112,406-5,685-60793,50249,11989,840-31,282-70,275-24,248356,273355,520178,544166,897159,688148,782139,017148,783101,880
62 ------96445,4125,3935,1825,1545,0655,4415,6365,5995,3455,3445,1791,772291
630 24,77324,53942,59346,75045,24744,77152,42354,15452,63649,79749,18579,26220,49920,66420,66423,31746,07844,90332,5006,686
640/8 5,3165,1336,4596,5889,05114,20630,9526,34110,4339,9077,37311,2173,6313,3863,6378,8663,1851,0015,5681,418
66A 462----2,252-----67,917--------
9901 -18,192-47,27963,354-59,022-54,90632,282-34,90023,933-99,744-135,162-85,960260,729325,949148,858136,997122,15994,17587,933108,94393,485
75/76B 2,12510,43216,22622,4592,5002391781,09958,012527,27892,8714,8201,6461835,4931072369424,9386,972
75 2,12510,43216,22622,4592,5002391781,09958,01279,95092,8714,8201,6461835,4931072369424,9386,972
76B ---------447,328----------
65/66B 26,25521,41117,32619,07736,54131,92638,64031,22533,30822,6688,68729,76026,41019,50319,43433,35018,78120,51629,70218,614
65 26,25521,41117,32619,07736,54131,92638,64031,22533,30822,6688,68729,76026,41019,50319,43433,35018,78120,51629,70218,614
9903 -42,322-58,25862,254-55,641-88,947595-73,363-6,193-75,041369,449290665,063301,186129,539123,05588,91675,63173,12784,17981,843
67/77 -32-2,1027,44631,9135,02512,823---135,84797,58545,66442,39330,22326,24525,16329,45628,664
9904 -42,322-58,29062,254-57,742-96,393-31,318-78,388-19,016-75,041369,449290529,216203,60183,87580,66358,69449,38647,96454,72353,179
689 ------------18,750-------
9905 -42,322-58,29062,254-57,742-96,393-31,318-78,388-19,016-75,041369,449290529,216184,85183,87580,66358,69449,38647,96454,72353,179
Appropriation of the result
9906 627,989670,311728,601666,347724,090820,483851,801930,189949,2051.0m654,7971.2m654,507469,657385,782305,119246,425197,022149,05794,334
14P 670,311728,601666,347724,090820,483---------------
791/2 529,216--6,250----------------
691/2 ---6,250-------529,216--------
691 ---6,250----------------
6921 -----------529,216--------
694/7 529,216-------------------
694 529,216-------------------
Social balance sheet
9087 ------0.1-0.40.40.40.40.40.40.40.40.40.40.40.4
Hours worked1013 ------24-246249249231282282285282279279992
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 16 older financial years (1990-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 8 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 25-08-2026.

Download as CSV

Filings

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

2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424175.

Financial year Type Filed Reference Document
31-12-2025 micro format 25-08-2026 2026-00424175 PDF
31-12-2024 micro format 01-07-2025 2025-00208146 PDF
31-12-2023 micro format 13-08-2024 2024-00343151 PDF
31-12-2022 abbreviated format 30-08-2023 2023-00395808 PDF
31-12-2021 abbreviated format 19-08-2022 2022-20297600 PDF
31-12-2020 abbreviated format 30-08-2021 2021-57100204 PDF
31-12-2019 abbreviated format 05-10-2020 2020-59300577 PDF
31-12-2018 abbreviated format 22-08-2019 2019-49300555 PDF
31-12-2017 micro format 19-07-2018 2018-35300313 PDF
31-12-2016 micro format 11-07-2017 2017-30500068 PDF
31-12-2015 abbreviated format 27-07-2016 2016-37100027 PDF
31-12-2014 abbreviated format 21-07-2015 2015-33100370 PDF
31-12-2013 abbreviated format 26-06-2014 2014-23900141 PDF
31-12-2012 abbreviated format 01-08-2013 2013-39200124 PDF
31-12-2011 abbreviated format 06-08-2012 2012-38800484 PDF
31-12-2010 abbreviated format 30-06-2011 2011-24400560 PDF
31-12-2009 abbreviated format 16-06-2010 2010-18000505 PDF
31-12-2008 abbreviated format 08-06-2009 2009-20600228 PDF
31-12-2007 abbreviated format 28-08-2008 2008-66900114 PDF
31-12-2006 full format 10-07-2007 2007-38900033 PDF
31-12-2005 full format 11-07-2006 2006-44803671 PDF
31-12-2004 full format 11-07-2005 2005-46103739 PDF
31-12-2003 full format 26-08-2004 2004-61701710 PDF
31-12-2002 full format 05-08-2003 2003-60702145 PDF
31-12-2001 full format 02-10-2002 2002-63302787 PDF
31-12-2000 full format 15-10-2001 2001-64702241 PDF
31-12-1999 full format 06-10-2000 2000-62603870 PDF
31-12-1998 full format 13-10-1999 1999-53202184 PDF
31-12-1997 full format 02-10-1998 1998-51102352 PDF
31-12-1996 full format 23-06-1997 1997-19203349 PDF
31-12-1995 full format 08-07-1996 1996-32304831 PDF
31-12-1994 full format 13-07-1995 1995-39500823 PDF
31-12-1993 full format 09-09-1994 1994-39202343 PDF
31-12-1992 full format 12-01-1994 1994-00602980 PDF
31-12-1991 full format 21-09-1992 1992-32305347 PDF
31-12-1990 full format 20-12-1991 1991-33505199 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
6,581-22,741105,947-12,272-9,65977,05317,52378,087-47,108-85,364-36,776339,991346,448169,522157,660145,476140,253132,836141,442100,171
-17,549-33,752104,847-10,992-51,14613,453-25,96535,138-22,405419,24649,475608,479224,099104,539101,32782,01195,46492,86887,22359,865
536,181318,395419,199160,520212,844990,1971.1m768,2191.4m1.5m355,516458,77719,904208,833400,000027,590118,545294,050163,740
-256,25677,826130,803-213,889151,96063,113-261,129225,441-435,756297,447-308,323400,014109,616-89,01597,263-29,08730,666-35,440-280,478-
-1.2m-135,567220,07345,24737,588-1.2m-1.2m-1.4m-641,159254,385288,234272,094-241,941-133,957-134,517-127,795-147,449-183,930-103,829157,121
37.2%75.2%83.7%66.0%64.3%44.7%45.0%37.5%41.9%50.1%63.8%69.1%48.6%41.0%37.5%43.5%31.8%31.7%26.7%17.3%
0.030.681.851.131.090.150.120.230.131.822.561.770.550.370.550.600.670.410.631.38
0.030.681.851.131.090.150.120.230.121.792.501.770.550.370.550.600.670.410.631.38
1.690.330.190.520.551.241.221.671.391.000.570.451.061.441.671.302.142.162.744.77
-5.9%-4.5%4.6%-4.5%-7.2%-2.2%-5.3%-1.2%-4.8%22.5%0.0%41.6%27.4%15.6%17.7%15.7%15.7%18.0%25.1%32.6%
-2.2%-3.4%3.9%-3.0%-4.6%-1.0%-2.4%-0.5%-2.0%11.3%0.0%28.8%13.3%6.4%6.7%6.8%5.0%5.7%6.7%5.6%
0.25-1.066.11-0.64-0.26---------------

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.

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets---€333,709€360,149
Mortgages, amount registered---€850,000€850,000
€200,000----
Carrying value of the mortgaged assets---€628,624€654,824

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€536,181€318,395€419,199€160,520€212,844
€24,773€24,539€42,593€46,750€45,247

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

Insights on Norbert KELLER

The operating result for 2025 is a loss of €18,192, smaller than the loss of €47,279 in 2024.

Debt's share of the balance-sheet total rises from 24.8% to 62.8%. Equity is lower and debt is higher.

Next steps

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