ACTIVE

Koramic Real Estate

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Financial year 2025 · closed on 31/12/2025

Net result

3,2 M €

-41.9% YoY

Revenue

30,3 M €

+7.7% YoY

Equity

204,8 M €

+1.6% YoY

Workforce

11,9 ETP

-4.0% YoY

What does Koramic Real Estate do?

Koramic Real Estate is a Public limited company incorporated in 1928. Its registered office is in Kortrijk. It employs on average 11,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.271.857

Incorporation

17/04/1928

Legal form

Public limited company

Registered office

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

Contributed capital

98 820 640,00 €

Latest accounts

31/12/2025

Average workforce

11,9 ETP

Joint committees (3)

11304
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh 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	30,3 M €	+7.7%	28,1 M €	+14.0%	24,6 M €	+25.1%	19,7 M €	+110%	9,4 M €	+13096%	71 k €	+24.6%	57 k €	+422%	10,9 k €	-98.7%	867,4 k €	+18.1%	734,5 k €	-9.6%	812,4 k €	+7.6%	755,4 k €	-65.5%	2,2 M €	-7.6%	2,4 M €	-2.0%	2,4 M €	+0.3%	2,4 M €	-0.4%	2,4 M €	-12.1%	2,8 M €	+7.0%	2,6 M €	+8.7%	2,4 M €
EBITDA	24,4 M €	+96.3%	12,4 M €	-12.2%	14,2 M €	+70.4%	8,3 M €	+6856%	-122,9 k €	+83.2%	-730,2 k €	-35.8%	-537,7 k €	-113%	4,3 M €	+3925%	106,3 k €	-80.5%	546,5 k €	+165%	-845,9 k €	+31.9%	-1,2 M €	-407%	404,2 k €	+447%	-116,4 k €	-130%	385 k €	-59.7%	954,4 k €	+6.7%	894,3 k €	-36.6%	1,4 M €	-25.5%	1,9 M €	-17.0%	2,3 M €
Operating result	18,3 M €	+203%	6,1 M €	-20.9%	7,6 M €	+198%	2,6 M €	+1911%	-141,8 k €	+81.1%	-751,1 k €	-35.4%	-554,8 k €	-113%	4,3 M €	+4397%	94,7 k €	-82.4%	536,8 k €	+161%	-874,2 k €	+2.5%	-896,8 k €	-351%	356,6 k €	+247%	-242,4 k €	-104%	-118,7 k €	-115%	809 k €	+12.0%	722,4 k €	-43.2%	1,3 M €	-13.3%	1,5 M €	-9.5%	1,6 M €
Net result	3,2 M €	-41.9%	5,6 M €	-52.3%	11,7 M €	-83.8%	72,2 M €	+3903%	1,8 M €	-90.2%	18,4 M €	-79.1%	88 M €	+315%	21,2 M €	+1644%	-1,4 M €	-193%	1,5 M €	+141%	-3,6 M €	-11058%	33 k €	-98.8%	2,7 M €	-68.3%	8,4 M €	+34.4%	6,2 M €	+2.1%	6,1 M €	+1.6%	6 M €	+23.4%	4,9 M €	-36.9%	7,7 M €	-27.7%	10,7 M €
Balance sheet
Equity	204,8 M €	+1.6%	201,6 M €	+2.8%	196 M €	-60.0%	490,3 M €	+21.6%	403,3 M €	+0.4%	401,5 M €	+4.8%	383,2 M €	+29.8%	295,1 M €	+7.7%	273,9 M €	-0.5%	275,3 M €	+0.5%	273,8 M €	-1.3%	277,4 M €	-0.9%	279,9 M €	+1.0%	277,2 M €	-7.2%	298,9 M €	+1.4%	294,6 M €	+1.4%	290,5 M €	+1.4%	286,5 M €	+1.2%	283,1 M €	+2.4%	276,4 M €
Total assets	395,8 M €	+3.0%	384,3 M €	+3.4%	371,8 M €	-42.3%	644,1 M €	+50.2%	428,7 M €	+0.1%	428,2 M €	+7.1%	399,9 M €	+32.0%	302,9 M €	+2.3%	296,1 M €	-1.3%	300 M €	+0.1%	299,6 M €	-1.1%	303 M €	-0.8%	305,5 M €	-8.2%	332,8 M €	+8.2%	307,5 M €	+0.2%	306,9 M €	+3.0%	298 M €	+1.6%	293,3 M €	+2.9%	285,1 M €	-3.1%	294,3 M €
Cash	1,9 M €	-47.9%	3,6 M €	-10.1%	4 M €	-32.9%	5,9 M €	+221%	1,8 M €	+154%	724,6 k €	+19526%	3,7 k €	+1223%	279 €	-19.4%	346 €	-72.0%	1,2 k €	-4.0%	1,3 k €	-3.4%	1,3 k €	-0.9%	1,3 k €	-12.3%	1,5 k €	+53.3%	1 k €	-2.7%	1 k €	-62.7%	2,8 k €	-25.0%	3,7 k €	+169%	1,4 k €	-59.5%	3,4 k €
Debts	181,6 M €	+3.9%	174,8 M €	+4.0%	168,1 M €	+12.4%	149,6 M €	+490%	25,3 M €	-4.9%	26,7 M €	+60.0%	16,7 M €	+114%	7,8 M €	-64.9%	22,2 M €	-10.3%	24,7 M €	-4.1%	25,8 M €	+0.7%	25,6 M €	-0.1%	25,6 M €	-53.9%	55,5 M €	+546%	8,6 M €	-29.2%	12,1 M €	+66.1%	7,3 M €	+11.3%	6,6 M €	+306%	1,6 M €	-90.0%	16,2 M €
Other
Workforce	11,9 ETP	-4.0%	12,4 ETP	+25.3%	9,9 ETP	+106%	4,8 ETP		–		–		–		–		0,4 ETP	-76.5%	1,7 ETP	-46.9%	3,2 ETP	0.0%	3,2 ETP	+28.0%	2,5 ETP	+4.2%	2,4 ETP	-29.4%	3,4 ETP	0.0%	3,4 ETP	0.0%	3,4 ETP	-8.1%	3,7 ETP	-15.9%	4,4 ETP	0.0%	4,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 36 ended

Active mandates

Edge of Change

Director · since 24 mars 2026 · until 28 mai 2031 · 0687.704.462

Represented by Pieter Blondeel

Active

PATRIOS

Director · since 24 mars 2026 · until 28 mai 2031 · 0842.758.071

Represented by Peter Artois

Active

Christian Dumolin

Chairman of the board of directors · since 27 août 2024 · until 26 mai 2027

Active

Carl Van den Eynde

Director · since 13 juin 2024 · until 26 mai 2027

Active

Carl Van den Eynde

Managing director · since 13 juin 2024 · until 26 mai 2027

Active

Christian Dumolin

Director · since 13 juin 2024 · until 26 mai 2027

Active

Sterk Interim Management BV

Director · since 13 mai 2024 · until 24 mars 2026 · 0767.446.083

Represented by Olaf Sterkenburg

Active

Agolis

Managing director · since 12 avril 2024 · until 26 mai 2027 · 0799.345.722

Represented by Stéphane Vlaemminck

Active

Agolis

Director · since 23 janvier 2024 · until 26 mai 2027 · 0799.345.722

Represented by Stéphane Vlaemminck

Active

ODON

Director · since 15 avril 2022 · until 26 mai 2027 · 0891.999.528

Represented by Hilde Famaey

Active

Ended mandates

STERK Interim Management BV

Director · since 13 mai 2024 · until 29 mai 2024 · 0767.446.083

Represented by Olaf Sterkenburg

Ended

Sterk Interim Management BV

Chairman of the board of directors · since 13 mai 2024 · until 27 août 2024 · 0767.446.083

Represented by Olaf Sterkenburg

Ended

Sterk Interim Management BV

Director · since 13 mai 2024 · until 26 mai 2027 · 0767.446.083

Represented by Olaf Sterkenburg

Ended

Agolis

Managing director · since 23 janvier 2024 · until 29 mai 2024 · 0799.345.722

Represented by Stéphane Vlaemminck

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 DEVELOPMENT PROJECTS● Active	0400.281.485
Koramic Finance Company● Active	0444.646.614
KORAMIC INVESTMENTS● Active	0405.371.512
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	29/06/2026	25/06/2025	24/06/2024	29/06/2023	01/07/2022	29/06/2021
General meeting	27/05/2026	28/05/2025	29/05/2024	31/05/2023	25/05/2022	26/05/2021
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?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	27/05/2026	29/06/2026	Dutch	PDF
Full model	31/12/2024	28/05/2025	25/06/2025	Dutch	PDF
Full model	31/12/2023	29/05/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	31/05/2023	29/06/2023	Dutch	PDF
Full model	31/12/2021	25/05/2022	01/07/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	25/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	28/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	10/06/2015	Dutch	PDF
Full model	31/12/2013	28/05/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	29/05/2013	16/07/2013	Dutch	PDF
Full model	31/12/2011	30/05/2012	12/07/2012	Dutch	PDF
Full model	31/12/2010	25/05/2011	22/06/2011	Dutch	PDF
Full model	31/12/2009	26/05/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	27/05/2009	01/07/2009	Dutch	PDF
Full model	31/12/2007	28/05/2008	27/06/2008	Dutch	PDF
Full model	31/12/2006	30/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 36 ended

Active mandates

Edge of Change

Director · since 24 mars 2026 · until 28 mai 2031 · 0687.704.462

Represented by Pieter Blondeel

Active

PATRIOS

Director · since 24 mars 2026 · until 28 mai 2031 · 0842.758.071

Represented by Peter Artois

Active

Christian Dumolin

Chairman of the board of directors · since 27 août 2024 · until 26 mai 2027

Active

Carl Van den Eynde

Director · since 13 juin 2024 · until 26 mai 2027

Active

Carl Van den Eynde

Managing director · since 13 juin 2024 · until 26 mai 2027

Active

Christian Dumolin

Director · since 13 juin 2024 · until 26 mai 2027

Active

Sterk Interim Management BV

Director · since 13 mai 2024 · until 24 mars 2026 · 0767.446.083

Represented by Olaf Sterkenburg

Active

Agolis

Managing director · since 12 avril 2024 · until 26 mai 2027 · 0799.345.722

Represented by Stéphane Vlaemminck

Active

Agolis

Director · since 23 janvier 2024 · until 26 mai 2027 · 0799.345.722

Represented by Stéphane Vlaemminck

Active

ODON

Director · since 15 avril 2022 · until 26 mai 2027 · 0891.999.528

Represented by Hilde Famaey

Active

Ended mandates

STERK Interim Management BV

Director · since 13 mai 2024 · until 29 mai 2024 · 0767.446.083

Represented by Olaf Sterkenburg

Ended

Sterk Interim Management BV

Chairman of the board of directors · since 13 mai 2024 · until 27 août 2024 · 0767.446.083

Represented by Olaf Sterkenburg

Ended

Sterk Interim Management BV

Director · since 13 mai 2024 · until 26 mai 2027 · 0767.446.083

Represented by Olaf Sterkenburg

Ended

Agolis

Managing director · since 23 janvier 2024 · until 29 mai 2024 · 0799.345.722

Represented by Stéphane Vlaemminck

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2026
(her)benoeming commissaris
PDF
Mandates16/04/2026
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/02/2024
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

24/03/2026
nominationEdge of Change — bestuurder
24/03/2026
nominationPieter Fons BLONDEEL — vaste vertegenwoordiger (bestuurder)
24/03/2026
nominationPATRIOS — bestuurder
24/03/2026
nominationPeter Alain ARTOIS — vaste vertegenwoordiger (bestuurder)
2025
Annual accounts 20253,2 M €↓
2025
Name changeKORAMIC REAL ESTATE
2024
Annual accounts 20245,6 M €↓
27/08/2024
nominationChristian Dumolin — Voorzitter van de Raad van Bestuur
13/06/2024
nominationChristian Dumolin — bestuurder
13/06/2024
nominationCarl Van den Eynde — bestuurder
29/05/2024
reconductionAgolis BV — bestuurder
29/05/2024
nominationAgolis BV — Gedelegeerd Bestuurder
29/05/2024
reconductionSTERK Interim Management BV — bestuurder
29/05/2024
nominationSTERK Interim Management BV — Voorzitter
29/05/2024
nominationSterckx Business Services BV — bestuurder
14/05/2024
nominationSterk Interim Management BV — bestuurder
12/04/2024
nominationStéphane Vlaemminck — gedelegeerd bestuurder
23/01/2024
nominationAgolis BV — bestuurder
04/01/2024
nominationSterckx Business Services BV — bestuurder
2023
Annual accounts 202311,7 M €↓
31/05/2023
reconductionJoseph-Michel Boes — commissaris
2022
Annual accounts 202272,2 M €↑
15/04/2022
nominationHilde Famaey — bestuurder
15/04/2022
nominationYves Van Hooland — bestuurder
15/04/2022
augmentation_capitalKORAMIC HOLDING
31/03/2022
augmentation_capitalKORAMIC HOLDING
2022
Name changeKORAMIC REAL ESTATE INVESTMENT
2021
Annual accounts 20211,8 M €↓
2020
Annual accounts 202018,4 M €↓
2019
Annual accounts 201988 M €↑
2018
Annual accounts 201821,2 M €↑
2017
Annual accounts 2017-1,4 M €↓
2016
Annual accounts 20161,5 M €↑
2015
Annual accounts 2015-3,6 M €↓
2014
Annual accounts 201433 k €↓
2013
Annual accounts 20132,7 M €↓
2012
Annual accounts 20128,4 M €↑
2011
Annual accounts 20116,2 M €↑
2010
Annual accounts 20106,1 M €↑
2009
Annual accounts 20096 M €↑
2008
Annual accounts 20084,9 M €↓
2007
Annual accounts 20077,7 M €↓
2006
Annual accounts 200610,7 M €
2006
Name changeKORAMIC INVESTMENT GROUP
17/04/1928
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 Real Estate

Overview

What does Koramic Real Estate 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

Timeline