ACTIVE

KORAMIC DEVELOPMENT PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

-4,6 M €

-2137.7% YoY

Revenue

24,1 M €

+53.3% YoY

Equity

25,4 M €

+286230.8% YoY

What does KORAMIC DEVELOPMENT PROJECTS do?

KORAMIC DEVELOPMENT PROJECTS is a Public limited company incorporated in 1960. Its main activity is: Buying and selling of own real estate. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.281.485

Incorporation

17/03/1960

Legal form

Public limited company

Registered office

Kapel ter Bede(Kor) 84
8500 Kortrijk · FlandreSee on map

Contributed capital

55 841 408,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 41101Development of building projects 41102Development of building projects 64200Activities of holding companies 64210Activities of holding companies+2

Joint committees (1)

Signals

Solid equityGood liquidityHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	24,1 M €	+53.3%	15,7 M €	+49.1%	10,5 M €	+18.1%	8,9 M €	+498%	1,5 M €	+2883%	50,0 k €	-69.7%	165,1 k €	+230%	50,0 k €	-61.8%	130,8 k €	-80.2%	661,0 k €	+28.6%	514,0 k €	-18.9%	633,7 k €	+413%	123,6 k €	+27.9%	96,7 k €	-52.4%	203,1 k €	-54.2%	443,8 k €	+11.6%	397,5 k €	+39.7%	284,5 k €	+14.9%	247,5 k €	-11.4%	279,3 k €
EBITDA	-3,5 M €	-297%	1,8 M €	+1049%	153,0 k €	+121%	-736,3 k €	+61.3%	-1,9 M €	-19523%	9,8 k €	-59.3%	24,1 k €	+40.9%	17,1 k €	-63.4%	46,7 k €	+186%	-54,4 k €	-242%	38,4 k €	-85.7%	267,7 k €	+166%	-403,3 k €	-79.2%	-225,1 k €	+32.6%	-334,2 k €	-439%	98,4 k €	+143%	-230,0 k €	-1997%	12,1 k €	+113%	-90,8 k €	-62.5%	-55,9 k €
Operating result	-3,3 M €	-305%	1,6 M €	+965%	153,0 k €	+121%	-736,3 k €	+61.3%	-1,9 M €	-12404%	-15,2 k €	-1555%	-919,0 €	+99.5%	-174,6 k €	+2.1%	-178,3 k €	+48.8%	-348,4 k €	-243%	244,4 k €	+1462%	-17,9 k €	+97.2%	-652,3 k €	+32.3%	-963,2 k €	-80.3%	-534,2 k €	-426%	-101,6 k €	+76.4%	-430,0 k €	-1927%	-21,2 k €	+76.6%	-90,8 k €	-62.5%	-55,9 k €
Net result	-4,6 M €	-2138%	226,7 k €	+139%	-586,2 k €	+55.8%	-1,3 M €	+20.1%	-1,7 M €	-70.6%	-974,4 k €	+87.1%	-7,6 M €	-66.6%	-4,5 M €	-29.0%	-3,5 M €	-109%	38,7 M €	+190%	-42,9 M €	-26098%	-163,9 k €	+97.5%	-6,7 M €	-34.5%	-5,0 M €	+81.2%	-26,5 M €	-163%	-10,0 M €	-59.6%	-6,3 M €	-250%	-1,8 M €	-104%	40,4 M €	+1148%	-3,9 M €
Balance sheet
Equity	25,4 M €	+286231%	8,9 k €	+104%	-217,9 k €	-159%	368,4 k €	-78.3%	1,7 M €	-49.5%	3,4 M €	-22.5%	4,3 M €	-63.6%	11,9 M €	-27.6%	16,4 M €	-17.6%	20,0 M €	+207%	-18,7 M €	-177%	24,2 M €	-0.7%	24,4 M €	-21.5%	31,0 M €	+879%	-4,0 M €	-118%	22,5 M €	-30.9%	32,5 M €	-16.2%	38,8 M €	-4.4%	40,6 M €	+22284%	181,5 k €
Total assets	36,8 M €	+20.1%	30,7 M €	+33.5%	23,0 M €	+69.6%	13,5 M €	+26.2%	10,7 M €	+194%	3,7 M €	-97.4%	142,2 M €	+8.5%	131,1 M €	-11.5%	148,3 M €	-11.0%	166,6 M €	+41.1%	118,1 M €	-20.0%	147,6 M €	+10.2%	133,9 M €	+1.6%	131,8 M €	+10.5%	119,3 M €	-14.1%	138,9 M €	-3.3%	143,7 M €	+5.3%	136,5 M €	+6.5%	128,2 M €	+5.0%	122,1 M €
Cash	2,2 M €	+5.7%	2,1 M €	-38.5%	3,3 M €	+8.5%	3,1 M €	+2754%	108,1 k €	-52.0%	224,9 k €	+17.8%	191,0 k €	+376%	40,1 k €	-46.0%	74,3 k €		–		–		–		–		–		–		–		–		–		–		–
Debts	11,4 M €	-62.6%	30,5 M €	+31.6%	23,2 M €	+76.0%	13,2 M €	+45.9%	9,0 M €	+2983%	293,1 k €	-99.8%	137,6 M €	+15.6%	119,1 M €	-9.5%	131,6 M €	-10.1%	146,3 M €	+7.5%	136,1 M €	+11.0%	122,6 M €	+12.4%	109,1 M €	+8.9%	100,2 M €	-18.4%	122,8 M €	+5.9%	115,9 M €	+4.5%	110,9 M €	+13.6%	97,6 M €	+11.4%	87,6 M €	-28.2%	121,9 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	-20.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	+400%	0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 50 ended

Active mandates

Carl Van den Eynde

Chairman of the board of directors · since 22 décembre 2025 · until 22 mai 2027

Active

Koramic Real Estate

Director · since 22 décembre 2025 · until 24 mai 2031 · 0403.271.857

Represented by Christian Dumolin

Active

PATRIOS

Director · since 22 décembre 2025 · until 24 mai 2031 · 0842.758.071

Represented by Peter Artois

Active

Edge of Change

Director · since 24 mai 2025 · until 24 mai 2031 · 0687.704.462

Represented by Pieter Blondeel

Active

Carl Van den Eynde

Director · since 13 juin 2024 · until 22 mai 2027

Active

Carl Van den Eynde

Managing director · since 13 juin 2024 · until 22 mai 2027

Active

LECLUYSE CHRISTIAN

Director · since 01 février 2024 · until 22 mai 2027

Active

Christian Dumolin

Managing director · since 15 avril 2022 · until 22 décembre 2025

Active

Christian Dumolin

Chairman of the board of directors · since 18 août 2021 · until 22 décembre 2025

Active

Christian Dumolin

Director · since 18 août 2021 · until 22 décembre 2025

Active

Ended mandates

STERCKX BUSINESS SERVICES

Director · since 10 janvier 2024 · until 05 juin 2024 · 0836.179.887

Represented by Jimmy Sterckx

Ended

STERCKX BUSINESS SERVICES

Managing director · since 10 janvier 2024 · until 05 juin 2024 · 0836.179.887

Represented by Jimmy Sterckx

Ended

STERCKX BUSINESS SERVICES

Managing director · since 10 janvier 2024 · until 22 mai 2027 · 0836.179.887

Represented by Jimmy Sterckx

Ended

OLIVER Management Consulting

Director · since 31 octobre 2023 · until 24 mai 2025 · 0693.879.305

Represented by BART VERMEULEN

Ended

At this address

Other companies at this address

Company	CBE no.
Assemblics International● Active	0453.180.634
AXXES MERELBEKE● Active	0877.961.252
BEDRIJVENCENTRUM MALLE● Active	0441.897.653
BEVIZION● Active	0889.083.687
C-Buildings● Active	0464.205.376
CHETOX ONE● Active	0784.926.275
DeliBarn Immo● Active	0413.756.072
ERIKOR● Active	0840.361.181
FONCIERE CHOCOLATERIE● Active	0821.770.835
IMMO WANSART● Active	0724.839.626
INVESTCO● Active	0892.820.761
Koramic Capital● Active	0438.220.264
Koramic Chemicals● Active	0453.083.337
KORAMIC CHOCOLATERIE● Active	0821.771.033
Koramic Finance Company● Active	0444.646.614
KORAMIC INVESTMENTS● Active	0405.371.512
Koramic Real Estate● Active	0403.271.857
Koramic Renovation Projects● Active	0442.876.264
KORAMIC SOLAR● Active	0831.186.169
LADIES INVESTMENT COMPANY● Active	0446.454.871

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	25/06/2025	02/07/2024	22/06/2023	01/07/2022	23/06/2021
General meeting	23/05/2026	24/05/2025	25/05/2024	27/05/2023	28/05/2022	22/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

Looking for more information about this company?

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/05/2026	22/06/2026	Dutch	PDF
Full model	31/12/2024	24/05/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	25/05/2024	02/07/2024	Dutch	PDF
Full model	31/12/2022	27/05/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	28/05/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	22/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	22/06/2020	Dutch	PDF
Full model	31/12/2018	25/05/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	26/05/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	27/05/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	28/05/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	23/05/2015	10/06/2015	Dutch	PDF
Full model	31/12/2013	23/05/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	25/05/2013	09/07/2013	Dutch	PDF
Full model	31/12/2011	26/05/2012	12/07/2012	Dutch	PDF
Full model	31/12/2010	28/05/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	22/05/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	23/05/2009	22/06/2009	Dutch	PDF
Full model	31/12/2007	24/05/2008	24/06/2008	Dutch	PDF
Full model	31/12/2006	26/05/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 50 ended

Active mandates

Carl Van den Eynde

Chairman of the board of directors · since 22 décembre 2025 · until 22 mai 2027

Active

Koramic Real Estate

Director · since 22 décembre 2025 · until 24 mai 2031 · 0403.271.857

Represented by Christian Dumolin

Active

PATRIOS

Director · since 22 décembre 2025 · until 24 mai 2031 · 0842.758.071

Represented by Peter Artois

Active

Edge of Change

Director · since 24 mai 2025 · until 24 mai 2031 · 0687.704.462

Represented by Pieter Blondeel

Active

Carl Van den Eynde

Director · since 13 juin 2024 · until 22 mai 2027

Active

Carl Van den Eynde

Managing director · since 13 juin 2024 · until 22 mai 2027

Active

LECLUYSE CHRISTIAN

Director · since 01 février 2024 · until 22 mai 2027

Active

Christian Dumolin

Managing director · since 15 avril 2022 · until 22 décembre 2025

Active

Christian Dumolin

Chairman of the board of directors · since 18 août 2021 · until 22 décembre 2025

Active

Christian Dumolin

Director · since 18 août 2021 · until 22 décembre 2025

Active

Ended mandates

STERCKX BUSINESS SERVICES

Director · since 10 janvier 2024 · until 05 juin 2024 · 0836.179.887

Represented by Jimmy Sterckx

Ended

STERCKX BUSINESS SERVICES

Managing director · since 10 janvier 2024 · until 05 juin 2024 · 0836.179.887

Represented by Jimmy Sterckx

Ended

STERCKX BUSINESS SERVICES

Managing director · since 10 janvier 2024 · until 22 mai 2027 · 0836.179.887

Represented by Jimmy Sterckx

Ended

OLIVER Management Consulting

Director · since 31 octobre 2023 · until 24 mai 2025 · 0693.879.305

Represented by BART VERMEULEN

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2026
BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates15/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-4,6 M €↓
22/12/2025
nominationKORAMIC REAL ESTATE INVESTMENT — bestuurder
22/12/2025
nominationPATRIOS — bestuurder
22/12/2025
nominationCarl VAN DEN EYNDE — voorzitter van de raad van bestuur
22/12/2025
augmentation_capital
22/12/2025
reduction_capital
24/05/2025
nominationEdge of Change BV — bestuurder
2025
Name changeKORAMIC DEVELOPMENT PROJECTS
2024
Annual accounts 2024226,7 k €↑
13/06/2024
nominationCarl Van den Eynde — bestuurder
01/02/2024
nominationChristian Lecluyse — bestuurder
10/01/2024
nominationSterckx Business Services BV — bestuurder
2023
Annual accounts 2023-586,2 k €↑
31/10/2023
nominationOliver Management Consulting BV — bestuurder
27/05/2023
reconductionJoseph-Michel Boes — commissaris
2022
Annual accounts 2022-1,3 M €↑
18/11/2022
nominationThred BV — bestuurder
18/11/2022
nominationKouter Services BV — bestuurder
01/09/2022
nominationOdon BV — Gedelegeerd Bestuurder
24/06/2022
nominationODON BV — bestuurder
24/06/2022
nominationOLIVER MANAGEMENT CONSULTING BV — bestuurder
15/04/2022
nominationLiberty Associates SRL — bestuurder
15/04/2022
nominationNVE BV — bestuurder
15/04/2022
nominationVdB Advisory Comm.V. — bestuurder
15/04/2022
nominationChristian Dumolin — Gedelegeerd Bestuurder
15/04/2022
nominationLiberty Associates SRL — Gedelegeerd Bestuurder
2021
Annual accounts 2021-1,7 M €↓
2021
Name changeKORAMIC DEVELOPMENT
2020
Annual accounts 2020-974,4 k €↑
2019
Annual accounts 2019-7,6 M €↓
2018
Annual accounts 2018-4,5 M €↓
2017
Annual accounts 2017-3,5 M €↓
2016
Annual accounts 201638,7 M €↑
2015
Annual accounts 2015-42,9 M €↓
2014
Annual accounts 2014-163,9 k €↑
2013
Annual accounts 2013-6,7 M €↓
2012
Annual accounts 2012-5,0 M €↑
2011
Annual accounts 2011-26,5 M €↓
2010
Annual accounts 2010-10,0 M €↓
2009
Annual accounts 2009-6,3 M €↓
2008
Annual accounts 2008-1,8 M €↓
2007
Annual accounts 200740,4 M €↑
2006
Annual accounts 2006-3,9 M €
2006
Name changeKoramic Industries
17/03/1960
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KORAMIC DEVELOPMENT PROJECTS

Overview

What does KORAMIC DEVELOPMENT PROJECTS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

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